Company Quick10K Filing
SGOCO Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 35,081 $31,573
20-F 2019-05-14 Annual: 2018-12-31
20-F 2018-05-14 Annual: 2017-12-31
20-F 2017-05-15 Annual: 2016-12-31
20-F 2016-05-16 Annual: 2015-12-31
20-F 2015-05-15 Annual: 2014-12-31
20-F 2014-04-22 Annual: 2013-12-31
20-F 2013-04-19 Annual: 2012-12-31
20-F 2012-08-30 Annual: 2011-12-31
20-F 2011-04-29 Annual: 2010-12-31
20-F 2010-03-18 Annual: 2010-03-12
20-F 2010-06-02 Annual: 2009-12-31
10-K 2010-01-22 Annual: 2009-06-30

SGOCO Group Financials

SGOC Metrics, Comps, Filings

Annual | Quarterly

Business

Historical Structure and Acquisition of Honesty Group

SGOCO Group, Ltd. was organized under Cayman Islands' laws on July 18, 2007. It was previously named SGOCO Technology, Ltd. and prior to the Acquisition was named Hambrecht Asia Acquisition Corp. The Company was formed as a blank check company to acquire one or more operating businesses in the PRC through a merger, stock exchange, asset acquisition or similar business combination or control through contractual agreements. The Company completed its initial public offering (“IPO”) of units consisting of one ordinary share and one warrant to purchase one ordinary share on March 12, 2008.

Pursuant to our charter documents, we were required to enter into a business combination transaction to acquire control of a business with its primary operation in the PRC with a fair market value of at least 80% of the trust account established at the time of our IPO, or the Trust Account, (excluding certain deferred underwriting commissions) prior to March 12, 2010, or dissolve and liquidate. The approval of the business combination transaction required the approval of a majority of the outstanding shares. It was conditioned on, among other matters, not more than 30% of the outstanding shares being properly tendered for redemption under our charter documents. Each ordinary share issued in our IPO was entitled to be redeemed if it was voted against the business combination transaction at a price equal to the amount in the Trust Account divided by the number of shares issued in the IPO outstanding at the time, estimated to be approximately $8.0 million as of February 17, 2010.


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
Nokia (NOK) 31,730,371 0% 39,517,000 24,146,000 0 0 0 0 31,730,371
SGOCO Group (SGOC) 31,572,634 0% 190,841 22,667 0 0 0 0 31,558,292
Motorola Solutions (MSI) 29,384,046 48% 18.7 10% 9,974,000 10,944,000 7,633,000 3,693,000 1,031,000 1,810,000 33,767,046
L3 Technologies (LLL) 16,484,800 19% 10.4 7% 14,263,000 8,145,000 10,573,000 2,005,000 1,041,000 1,483,000 15,400,800
Ubiquiti Networks (UBNT) 9,394,898 46% 24.0 37% 875,865 776,588 1,161,733 537,604 322,694 402,904 9,654,251
ARRIS (ARRS) 5,446,667 29% 9.8 2% 7,327,869 4,322,021 6,742,640 1,963,387 113,740 696,389 6,827,440
Viasat (VSAT) 4,956,816 0% 19.9 -1% 4,262,286 2,288,994 2,166,426 0 -40,709 314,960 6,254,672
Echostar (SATS) 4,132,347 0% 6.8 -1% 7,950,091 3,707,140 2,541,487 0 -85,198 800,380 5,421,255
Commscope Holding (COMM) 3,076,779 32% 20.8 -2% 15,936,700 13,511,800 5,874,334 1,877,374 -295,740 635,478 13,228,779
Loral Space & Communications (LORL) 1,191,327 10.0 31% 393,797 32,540 0 0 122,937 93,518 933,337
Comtech Telecommunications (CMTL) 718,367 37% 13.1 3% 887,711 352,629 671,797 247,440 25,041 63,875 837,791
Casa Systems (CASA) 544,988 75% 10.5 5% 435,651 366,038 226,918 170,412 19,765 56,942 600,100
Harmonic (HLIT) 498,814 52% -62.4 -5% 526,721 314,655 379,242 196,200 -27,579 -7,328 457,447
Gilat Satellite Networks (GILT) 479,473 0% 394,747 155,675 0 0 0 0 383,367
Maxar Technologies (MAXR) 442,828 0% -5.0 -17% 5,083,000 4,352,000 1,490,000 0 -863,000 -701,000 3,517,828
Calamp (CAMP) 346,247 40% 11.9 -1% 659,442 466,146 355,181 142,933 -5,321 38,039 452,660
Ceragon Networks (CRNT) 289,247 0% 283,000 123,432 0 0 0 0 253,666
KVH Industries (KVHI) 186,315 23% 3.4 17% 220,896 66,900 122,724 28,141 38,001 50,374 173,009
Airgain (AIRG) 144,523 44% 32.0 5% 55,802 8,182 61,918 27,186 2,710 4,086 130,882
PC Tel (PCTI) 139,975 42% 109.5 -12% 84,153 14,024 83,755 34,770 -10,181 943 103,215

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash53511,54813,49792345294,26214,342
Accounts Receivable19,68159,35548,063910228119012
Inventory1,8645,7257,0171260
PP&E218261595148551158,319
Assets85,201105,647104,73592,55386,882100,27298,453190,841
Accounts Payable4,60912,0382,052606462222350
Long-Term Debt1,211
Liabilities11,31327,33216,9467,3569,04613,59314,63822,667
Stockholders' Equity73,88878,31587,78985,19777,83686,67983,815138,069
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue313,136166,701200,97443,2301,9215,069511,580
Cost of Revenue279,399154,221185,04541,2131,8264,8671,3432,635
Gross Profit33,73712,48015,9292,01795202-1,292-1,055
R&D2441755674
SG&A7,4855,9924,8753,3661,6294,1703,5692,391
Tax8,6512,1673,20596300-679-311
Net Income16,6194,2138,444-2,288-2,418-5,047-11,214-21,064
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-58,228-13,8871,384-10,784-762-1,079-7,977-36,152
Cash Investing-3,24618,628-32-25464-6,7507,400-10,402
Cash Financing37,5186,230229-2,4995967,5204,81056,146