Independence Bancshares, Inc. (IESB) [Rocket]

Overview

Independence Bancshares, Inc. (IESB)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/29/2018	RW	Form RW - Registration Withdrawal Request:
03/12/2018	SC 13D/A	RMB Capital Management, LLC reports a 0% stake in Independence Bancshares, Inc.
02/01/2018	15-12G	Form 15-12G - Securities registration termination [Section 12(g)]:
01/25/2018	4	Hurwich Adam Gabriel (Director) has filed a Form 4 on Independence Bancshares, Inc.
01/25/2018	4	WILLUMSTAD ROBERT B (Director) has filed a Form 4 on Independence Bancshares, Inc.
01/25/2018	4	ECHLOV RUSSELL (Director) has filed a Form 4 on Independence Bancshares, Inc.
01/25/2018	4	STOCK KEITH (Director) has filed a Form 4 on Independence Bancshares, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09
Revenues	5.7	4.6	5.4	5.3	6.4	6.9	8.2	2.0
Revenue growth	24.6%	-15.3%	1.3%	-17.2%	-7.2%	-15.7%	307.0%	-36.1%
Cost of goods sold	3.2	3.6	3.3	3.1	2.5	2.3	2.5	0.2
Gross profit	2.5	0.9	2.1	2.2	3.9	4.6	5.7	1.8
Gross margin	43.6%	20.2%	39.2%	41.1%	60.5%	67.1%	69.6%	90.2%
Selling, general and administrative	1.5	1.7	0.3	0.3	0.3
Sales and marketing						0.1	0.1	0.1
Research and development	0.2	2.2	4.9	3.0
General and administrative	1.1	1.3				0.1	0.1	2.3
EBIT	-5.8	-8.0	-10.1	-9.6	-3.9	-5.3	-10.5	-1.2
EBIT margin	-102.8%	-176.5%	-188.1%	-180.1%	-60.7%	-76.8%	-127.6%	-59.6%
Pre-tax income	-2.6	-4.8	-6.5	-6.0	-0.6	-2.1	-5.0	-2.7
Income taxes	0.0	0.0	0.0	0.0	0.0	-0.7	1.4	-0.5
Tax rate	0.0%		0.0%	0.0%	0.0%	33.2%		18.6%
Net income	-2.6	-4.8	-6.5	-6.0	-0.6	-2.1	-6.3	-2.2
Net margin	-45.6%	-105.5%	-121.0%	-113.7%	-9.6%	-30.1%	-77.4%	-107.3%

Diluted EPS	($0.13)	($0.23)	($0.32)	($0.30)	($0.29)	($1.00)	($3.04)	($1.04)
Shares outstanding (diluted)	20.5	20.5	20.5	20.1	2.1	2.1	2.1	2.1

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