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Financial statements

DAXOR CORP financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data DAXOR CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2011FY2011
Revenue1.581.45
Cost of revenue0.730.65
Gross profit0.850.79
Research and development3.042.71
Selling, general and administrative3.473.87
Operating expenses6.516.58
Operating income-5.66-5.79
Other non-operating income14-6.54
Income tax3.38-5.14
Net income4.97-7.19
EBITDA-5.36-5.5
EPS, basic1.17-1.70
EPS, diluted1.17-1.70
Dividend per share1.000.25

Balance sheet

FY2011FY2011
Cash and equivalents0.060.06
Receivables0.180.22
Inventory0.360.3
Other current assets0.130.21
Total current assets8781.7
Property, plant and equipment4.174
Other non-current assets0.040.04
Total assets91.285.7
Accounts payable0.440.53
Total current liabilities43.949.3
Total liabilities44.249.5
Paid-in capital10.710.7
Retained earnings3324.7
Treasury stock-11.6-11.8
Other comprehensive income14.912.6
Shareholders' equity4736.2
Total equity4736.2
Total liabilities and equity91.285.7
Shares outstanding4.234.2

Cash flow statement

FY2011FY2011
Net income4.97-7.19
Depreciation and amortization0.30.29
Stock-based compensation0.01
Deferred income tax0.611.25
Change in receivables-0.030.05
Change in inventory-0.09-0.06
Change in payables-0.10.09
Cash from operations-5.69-6.51
Capital expenditures-0.32-0.12
Purchases of investments-28.9-25.7
Sales and maturities of investments20.49.18
Cash from investing9.4-11.4
Share buybacks-0.24-0.23
Dividends paid-4.23-1.05
Cash from financing-3.9317.9
Net change in cash-0.220
Free cash flow-6.01-6.63
Interest paid0.060.18
Income taxes paid2.423

Key metrics

Worked out from the statements above. Latest values use fiscal 2011. Valuation uses the share price of $11.01 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin54.9%Gross profit / revenue.
Operating margin-400.1%Operating income / revenue.
EBITDA margin-380.0%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-496.8%Net income / revenue.
FCF margin-458.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-450.0%Cash from operations / revenue.
Return on equity (ROE)-17.3%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-8.1%Net income / average total assets.
Return on invested capital (ROIC)-11.0%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue187.1%Research and development expense / revenue.
SG&A / revenue267.9%Selling, general and administrative expense / revenue.
Stock-based pay / revenue0.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue8.5%Capital expenditures / revenue.
D&A / revenue20.1%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-8.4%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y-6.8%Gross profit vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-244.6%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-245.3%EPS vs the same period a year earlier. Only from a positive base.
Dividend per share growth, 1y-75.0%Dividend per share vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-22.9%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-6.0%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.66xCurrent assets / current liabilities.
Quick ratio0.01x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.00x(Cash + short-term investments) / current liabilities.
Liabilities / assets57.8%Total liabilities / total assets.
Working capital$32.4MCurrent assets - current liabilities.
Tangible book value$36.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.02xRevenue / average total assets.
Fixed asset turnover0.35xRevenue / average property, plant and equipment.
Inventory turnover1.96xCost of revenue / average inventory.
Days inventory186 days365 x average inventory / cost of revenue.
Receivables turnover7.26xRevenue / average receivables.
Days sales outstanding50 days365 x average receivables / revenue.
Days payables269 days365 x average accounts payable / cost of revenue.
Cash conversion cycle-33 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.70Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$1.70Net income per basic share, as reported (split-adjusted).
Book value per share$8.62Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$8.62Tangible book value / shares outstanding.
Cash per share$0.01(Cash + short-term investments) / shares outstanding.
Dividend per share$0.25Dividend declared per common share (paid, when declared is not tagged).

Valuation

MetricValueHow it is calculated
Market cap$64.3MShare price x shares outstanding.
Enterprise value$64.2MMarket cap + total debt - cash - short-term investments.
P/S44.4xMarket cap / revenue.
P/B1.77xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.77xMarket cap / tangible book value, when positive.
EV/Sales44.4xEnterprise value / revenue.
FCF yield-10.3%Free cash flow / market cap.
Earnings yield-11.2%Net income / market cap (the inverse of P/E).
Dividend yield1.6%Dividends paid over the period / market cap.
Shareholder yield2.0%(Dividends paid + share buybacks) / market cap.
What was DAXOR CORP's revenue in fiscal 2011?

DAXOR CORP reported revenue of $1.4M for fiscal 2011, 8.4% lower than the year before.

Was DAXOR CORP profitable in fiscal 2011?

No. It reported a net loss of $7.2M.

How much free cash flow did DAXOR CORP generate in fiscal 2011?

Cash from operations of $6.5M minus capital expenditures of $123.2K left free cash flow of -$6.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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