Company Quick10K Filing
SGOCO Group
20-F 2018-12-31 Filed 2019-05-14
20-F 2017-12-31 Filed 2018-05-14
20-F 2016-12-31 Filed 2017-05-15
20-F 2015-12-31 Filed 2016-05-16
20-F 2014-12-31 Filed 2015-05-15
20-F 2013-12-31 Filed 2014-04-22
20-F 2012-12-31 Filed 2013-04-19
20-F 2011-12-31 Filed 2012-08-30
20-F 2010-12-31 Filed 2011-04-29
20-F 2010-03-12 Filed 2010-03-18
20-F 2009-12-31 Filed 2010-06-02
10-K 2009-06-30 Filed 2010-01-22

SGOCO Group Financials

SGOC Metrics, Comps, Filings

Quarterly | Annual

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 ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Nokia (NOK) 31,730 0% 39,517 24,146 0 0 0 0 31,730
SGOCO Group (SGOC) 31,573 0% 191 23 0 0 0 0 31,558
Motorola Solutions (MSI) 30,022 49% 20.4 10% 10,373 11,474 7,765 3,799 1,051 1,700 34,614
L3 Technologies (LLL) 16,485 19% 11.0 7% 14,263 8,145 10,573 2,005 1,041 1,397 15,401
Ubiquiti Networks (UBNT) 8,986 46% 23.0 45% 751 990 1,202 557 335 414 9,515
ARRIS (ARRS) 5,447 29% 12.1 2% 7,328 4,322 6,743 1,963 114 565 6,827
Viasat (VSAT) 4,724 0% 22.1 -0% 4,367 2,361 2,241 0 -7 278 6,135
Echostar (SATS) 3,911 0% 9.6 -2% 7,038 3,354 2,071 0 -123 493 4,737
Commscope Holding (COMM) 2,226 29% 30.2 -3% 15,174 12,963 7,146 2,063 -516 395 11,917
Loral Space & Communications (LORL) 1,191 10.5 22% 386 35 0 0 83 89 934
Comtech Telecommunications (CMTL) 736 37% 12.7 3% 931 393 681 253 28 68 858
Casa Systems (CASA) 631 64% 59.5 -2% 458 396 237 153 -8 14 805
Harmonic (HLIT) 547 56% 70.5 -1% 568 327 394 222 -8 7 490
Gilat Satellite Networks (GILT) 479 0% 395 156 0 0 0 0 383
Maxar Technologies (MAXR) 463 0% -5.4 -18% 5,042 4,340 1,969 0 -889 -649 3,537
Calamp (CAMP) 347 40% 20.1 -1% 562 372 359 142 -5 26 518
Ceragon Networks (CRNT) 289 0% 283 123 0 0 0 0 254
KVH Industries (KVHI) 193 0% 4.4 17% 204 53 119 0 35 42 184
Airgain (AIRG) 144 45% 41.3 4% 55 8 59 26 2 3 131
PC Tel (PCTI) 139 43% -19.9 -8% 88 16 89 39 -7 -5 101

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash11213000414
Accounts Receivable20594810000
Inventory267000
PP&E011000160
Assets85106105938710098191
Accounts Payable512210000
Long-Term Debt1
Liabilities11271779141523
Stockholders' Equity74788885788784138
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating
Cash Investing
Cash Financing