Company Quick10K Filing
Aura Systems
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 49 $5
10-Q 2020-01-14 Quarter: 2019-11-30
10-Q 2019-11-14 Quarter: 2019-08-31
10-Q 2019-10-29 Quarter: 2019-05-31
10-K 2019-06-13 Annual: 2019-02-28
10-Q 2019-01-22 Quarter: 2018-11-30
10-Q 2018-10-22 Quarter: 2018-08-31
10-Q 2018-07-11 Quarter: 2018-05-31
10-K 2018-06-13 Annual: 2018-02-28
10-Q 2018-01-19 Quarter: 2017-11-30
10-Q 2017-10-25 Quarter: 2017-08-31
10-Q 2017-10-25 Quarter: 2017-05-31
10-K 2017-09-18 Annual: 2017-02-28
10-Q 2017-09-18 Quarter: 2016-11-30
10-Q 2017-09-18 Quarter: 2016-08-31
10-Q 2017-09-18 Quarter: 2016-05-31
10-K 2017-09-18 Annual: 2016-02-29
10-Q 2017-09-18 Quarter: 2015-11-30
10-Q 2017-09-18 Quarter: 2015-08-31
10-Q 2017-09-18 Quarter: 2015-05-31
10-K 2017-09-18 Annual: 2015-02-28
10-Q 2015-01-16 Quarter: 2014-11-30
10-Q 2014-10-15 Quarter: 2014-08-31
10-Q 2014-07-15 Quarter: 2014-05-31
10-K 2014-06-13 Annual: 2014-02-28
10-Q 2014-01-21 Quarter: 2013-11-30
10-Q 2013-10-21 Quarter: 2013-08-31
10-Q 2013-07-22 Quarter: 2013-05-31
10-K 2013-06-12 Annual: 2013-02-28
10-Q 2013-01-14 Quarter: 2012-11-30
10-Q 2012-10-15 Quarter: 2012-08-31
10-Q 2012-07-13 Quarter: 2012-05-31
10-K 2012-05-29 Annual: 2012-02-29
10-Q 2012-01-17 Quarter: 2011-11-30
10-Q 2011-10-17 Quarter: 2011-08-31
10-Q 2011-07-15 Quarter: 2011-05-31
10-K 2011-06-14 Annual: 2011-02-28
10-Q 2011-01-19 Quarter: 2010-11-30
10-Q 2010-10-20 Quarter: 2010-08-31
10-Q 2010-07-16 Quarter: 2010-05-31
10-K 2010-06-16 Annual: 2010-02-28
10-Q 2010-01-15 Quarter: 2009-11-30
8-K 2020-01-10 Accountant, Exhibits
8-K 2019-10-18 Amendment
8-K 2019-07-11 Officers
8-K 2019-07-09 Officers
8-K 2019-06-04 Other Events, Exhibits
8-K 2018-08-15 Sale of Shares
8-K 2018-07-03 Officers
8-K 2018-04-05 Officers
8-K 2018-03-30 Officers
8-K 2018-03-28
8-K 2018-03-28
8-K 2018-03-26 Leave Agreement, Exhibits
8-K 2018-03-23
8-K 2018-03-22
8-K 2018-03-15
8-K 2018-02-14 Shareholder Rights, Amend Bylaw, Other Events, Exhibits
8-K 2018-02-13 Officers
8-K 2018-02-12
8-K 2018-01-11 Officers, Shareholder Vote

Aura Systems Financials

AUSI Metrics, Comps, Filings

Annual | Quarterly

Business

Aura Systems, Inc., is a Delaware corporation that was founded in 1987. The Company designs, assembles, tests and sells our proprietary and patented axial flux induction machine known as the AuraGen® for industrial and commercial applications and the VIPER for military applications (collectively referred to as the “AuraGen”).

Our patented AuraGen® system -- when applied as a generator -- uses an existing engine (of a vehicle or any other prime mover) to create mechanical energy which is then converted into electric power by our system. Our control system is used to deliver such power to the user. When used as an electric motor, our system delivers mechanical power to drive mechanical devices. During the first half of fiscal 2016, the Company significantly reduced operations due to lack of financial resources. During the second half of fiscal 2016, the Company's operations were completely disrupted when the Company was forced to move from its facilities in Redondo Beach, California to a smaller facility in Stanton, California. During fiscal 2017, the Company suspended its engineering, manufacturing, sales, and marketing activities to focus on renegotiating numerous financial obligations. During fiscal 2018, the Company successfully restructured in excess of $30 million of debt and held its first stockholder meeting since 2011. During fiscal 2019, the Company continued to focus on seeking new sources of financing and utilized a contract manufacturer to produce some initial products as the Company drives towards restarting its operations.

Traditional induction machines represent a radial flux design and are the workhorse of industry due to their robustness, attractive cost, and easy control. However, radial flux machines are also relatively heavy and bulky. Axial flux induction machines (such as the AuraGen®), on the other hand, have all of the advantages of radial flux machines, but with the advantage of higher energy density. This results in axial flux machines being smaller and lighter yet with equivalent performance. Unlike permanent magnet (“PM”) machines, induction machines do not use any permanent magnets and therefore the controller can change the magnetic (B) fields since generally the magnetic (B) field is proportionate to the voltage divided by the frequency (V/f). It is generally accepted that for PM machines, as machine size grows, the magnetic losses increase proportionately, and partial load efficiency drops. On the other hand, with induction machines, as the machine size grows, magnetic losses do not necessarily grow. Induction drives could offer an advantage when high-performance is desired. The peak efficiency of an induction drive will be somewhat lower than with PM machines, but average efficiency may actually increase.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Wall Street Media (WSCO) 5,654 0% 242.1 260% 9 104 140 0 23 23 5,645
Exco Resources (XCO) 5,638 0% 0.6 -18% 1,032,693 2,059,189 303,562 0 -182,697 -90,270 -56,952
Imine (JRVS) 5,585 -4.0 -72,547% 2 590 0 0 -1,527 -1,527 6,083
AgriTek Holdings (AGTK) 5,274 -1.1 -647% 1,411 8,631 0 0 -9,129 -6,760 7,144
THt Heat Transfer Technology (THTI) 5,522 80% 0.1 8% 108,600 49,264 32,700 26,064 9,031 10,780 1,517
Laredo Oil (LRDC) 5,451 1% -29.9 -42% 493 2,279 8,504 113 -205 -171 5,130
Interlink Plus (ITRK) 5,580 0% -169.0 -786% 6 250 44 0 -50 -33 5,576
Aura Systems (AUSI) 13,851 86% -4.3 -1,414% 396 22,398 350 299 -5,602 -4,429 19,240
Recall Studios (BTOP) 6,189 10% 0.6 -3% 373,159 138,621 5,834 612 -13,013 1,417 817
Gridiron Bionutrients (GMVP) 5,411 -63% -32.3 -66% 256 224 79 -50 -170 -168 5,422
Flux Power Holdings (FLUX) 5,360 7% -0.4 -153% 9,009 15,541 9,401 653 -13,827 -13,827 5,197
Ocean Thermal Energy (CPWR) 5,371 -14.4 -9,953% 16 18,829 0 0 -1,616 -849 12,206
Vicon Industries (VII) 5,344 40% -2.3 -36% 12,428 12,454 21,238 8,559 -4,426 -3,951 8,944
Burzynski Research Institute (BZYR) 5,258 0% 46 229 0 0 0 0 5,257
Apex 2 (APEX) 5,204 -109.3 -241% 20 230 0 0 -47 -47 5,184
Timberline Resources (TLRS) 5,122 -3.2 -9% 15,551 1,069 0 0 -1,433 -1,580 5,008
Amarc Resources (AXREF) 5,118 0% 799 1,342 0 0 0 0 4,945
US Rare Earth Minerals (USMN) 5,118 -4.4 -3,599% 33 1,214 0 0 -1,196 -1,169 5,085
Tauriga Sciences (TAUG) 3,947 20% -1.9 -347% 659 432 216 43 -2,286 -2,110 3,917
uSell.com (USEL) 5,104 2% -0.1 -121% 11,276 10,072 74,171 1,568 -13,622 -10,652 1,124

Balance Sheet ($'000)2012-02-292013-02-282014-02-282015-02-282016-02-292017-02-282018-02-28
Cash689413522256748
Accounts Receivable7952801265920
Inventory1,0001,0001,0000000
PP&E198408100
Assets4,1393,0901,4962551312621,040
Accounts Payable7711,2021,9811,8891,8244,9445,377
Long-Term Debt1,4511,1881,2771,3678,9945,636
Liabilities15,73824,68932,66938,82145,30153,06925,706
Stockholders' Equity-11,599-21,598-31,173-38,565-45,170-52,806-24,665
Income Statement ($'000)2012-02-292013-02-282014-02-282015-02-282016-02-292017-02-282018-02-28
Revenue3,3362,7172,3371,1561830
Cost of Revenue1,7721,5282,1624901710
Gross Profit1,5641,190175665120
R&D1,3281,3141,29584539634103
SG&A13,05913,3779,0028,8982,9823,5225,803
Tax0001111
Net Income-14,154-15,148-13,860-12,287-6,605-7,7311,701
Cash Flow ($'000)2012-02-292013-02-282014-02-282015-02-282016-02-292017-02-282018-02-28
Cash Operating-7,232-6,160-5,863-3,770-1,676-966-2,809
Cash Investing
Cash Financing7,1336,2435,8153,7641,6631,1993,552