GlyEco, Inc. (GLYE) [Rocket]

Overview

GlyEco, Inc. (GLYE)

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Recent News + Filings (All items)

Date Filed	Type	Description
01/17/2020	8-K	Entry into a Material Definitive Agreement, Departure of Directors or Certain Officers; Election of Directors; Appointment of...
12/06/2019	NT 10-Q	Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB:
08/12/2019	NT 10-Q	Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB:
07/09/2019	4	Kelly Dennis Richard (Executive Vice President) has filed a Form 4 on GlyEco, Inc.
07/08/2019	4	Gelman Brian (CFO) has filed a Form 4 on GlyEco, Inc.
06/06/2019	8-K	Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance S...
06/05/2019	4	WYNNEFIELD PARTNERS SMALL CAP VALUE LP (10% Owner) has filed a Form 4 on GlyEco, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
Revenues	6.5	5.8	5.6	7.4	5.9	5.5	1.3	0.8
Revenue growth	11.2%	3.9%	-24.1%	25.0%	6.4%	337.3%	53.6%	20.1%
Cost of goods sold	5.2	4.9	5.3	8.2	6.6	5.2	1.0	0.7
Gross profit	1.3	0.9	0.3	-0.8	-0.7	0.3	0.2	0.2
Gross margin	19.9%	15.2%	5.5%	-10.9%	-11.6%	6.2%	19.3%	19.5%
Selling, general and administrative			2.3	1.6	2.8	2.0	1.8
Research and development			0.1
General and administrative	4.2	3.7	1.2	1.1	1.8	1.2	1.3	0.6
EBITA	-1.8	-3.8	-2.8	-3.5	-6.1	-3.2	-1.7	-0.4
EBITA margin	-28.0%	-66.1%	-50.5%	-47.0%	-103.3%	-58.4%	-133.1%	-51.8%
Amortization of intangibles	0.9	0.4	0.3	0.2	0.2	0.2
EBIT	-2.7	-4.3	-3.1	-3.6	-6.3	-3.4	-1.7	-0.4
EBIT margin	-41.2%	-73.5%	-55.4%	-49.5%	-106.9%	-61.7%	-133.1%	-51.8%
Pre-tax income	-3.4	-5.1	-3.3	-12.4	-6.5	-4.0	-1.9	-0.6
Income taxes	0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0
Tax rate			31.1%		0.0%	0.0%	0.0%	0.0%
Earnings from continuing ops	-3.5	-5.1	-2.3	-12.5	-8.7	-4.0	-1.9	-0.6
Earnings from discontinued ops	-1.9	-0.1
Net income	-5.3	-5.2	-2.3	-12.5	-8.7	-4.0	-1.9	-0.6
Net margin	-82.3%	-89.2%	-40.5%	-169.1%	-148.2%	-72.5%	-147.7%	-71.8%

Diluted EPS	($2.58)	($4.46)	($0.02)	($0.18)	($0.16)	($0.09)	($0.07)	($0.05)
Shares outstanding (diluted)	1.3	1.1	109.6	69.1	54.5	45.5	26.4	11.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.