SYNERGETICS USA INC (SURG) [Rocket]

Overview

SYNERGETICS USA INC (SURG)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/09/2020	GN	Surge Copper Has Closed $500,000 Non-Brokered Private Placement
10/02/2020	GN	Surge Copper Amends the Terms of Its Recently Announced Financing, While Ootsa Drill Preparations Are Underway
09/29/2020	GN	Craig Parry and Christian Kargl-Simard Join Surge Copper's Board of Directors, James Hynes as Advisor and the Company Announces a C$6.5 Million Dollar Fi...
09/05/2018	GN	Surge Copper Drills 1.5% Copper Equivalent Over 22 Metres at New Discovery on the Ootsa Property
08/09/2018	GN	Surge Copper Corp. Intersects 0.5% Copper Equivalent Over 202 Metres at Ootsa Including 0.77% Copper Equivalent Over 52 Metres
01/17/2018	GN	Surge Holdings, Inc. Subsidiary Enters Into Exclusive Blockchain FinTech License Agreement to Build Distribution Network
02/16/2016	SC 13G	Cortina Asset Management, LLC reports a 0% stake in Synergetics USA, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Jul-31-15	Jul-31-14	Jul-31-13	Jul-31-12	Jul-31-11	Jul-31-10	Jul-31-09	Jul-31-08
Revenues	75.0	64.8	62.8	60.0	55.7	52.0	53.0	50.1
Revenue growth	15.8%	3.1%	4.6%	7.8%	7.0%	-1.8%	5.8%	9.0%
Cost of goods sold	34.8	28.5	30.4	25.5	22.9	22.1	23.6	20.1
Gross profit	40.2	36.2	32.4	34.5	32.8	30.0	29.4	30.0
Gross margin	53.6%	55.9%	51.5%	57.5%	58.9%	57.6%	55.5%	59.8%
Selling, general and administrative
Sales and marketing	15.4	14.4	13.8	11.9	11.5	12.0	14.3	12.6
Research and development	4.3	5.2	3.6	3.6	3.7	3.0	3.0	2.7
General and administrative	13.3	11.0	10.9	10.5	9.2	8.9	9.0	9.5
EBITA	8.8	6.8	4.4	9.1	8.9	10.2	3.1	6.2
EBITA margin	11.7%	10.5%	7.0%	15.1%	16.0%	19.6%	5.9%	12.4%
Amortization of intangibles	1.2	0.9	0.7	0.6	0.7	0.9		1.0
EBIT	7.5	5.9	3.7	8.5	8.3	9.3	3.1	5.2
EBIT margin	10.0%	9.2%	5.9%	14.1%	14.8%	17.9%	5.9%	10.4%
Pre-tax income	6.0	4.6	3.7	8.5	8.1	8.9	2.4	4.1
Income taxes	1.5	1.5	1.1	2.5	2.5	3.1	0.8	1.4
Tax rate	25.6%	32.8%	30.6%	29.5%	30.3%	35.0%	32.7%	35.1%
Earnings from continuing ops	4.5	3.1	2.6	5.6	5.6	5.7	1.6	2.7
Earnings from discontinued ops	4.5	3.1	2.6	0.4	0.0	0.0
Net income	4.5	3.1	2.6	6.0	5.7	5.8	1.6	2.7
Net margin	6.0%	4.7%	4.1%	9.9%	10.2%	11.1%	3.0%	5.3%

Diluted EPS	$0.18	$0.12	$0.10	$0.22	$0.23	$0.23	$0.07	$0.11
Shares outstanding (diluted)	25.4	25.4	25.3	25.3	25.0	24.7	24.5	24.5

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