NasdaqGM:HAIR

Stock Analysis Report

Executive Summary

Restoration Robotics, Inc., a medical technology company, develops and commercializes image-guided robotic systems in the United States and internationally.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Restoration Robotics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HAIR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-13.1%

HAIR

11.3%

US Medical Equipment

5.3%

US Market


1 Year Return

-82.2%

HAIR

-4.5%

US Medical Equipment

-10.7%

US Market

Return vs Industry: HAIR underperformed the US Medical Equipment industry which returned 28.4% over the past year.

Return vs Market: HAIR underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

HAIRIndustryMarket
7 Day-13.1%11.3%5.3%
30 Day-17.7%-8.5%-13.6%
90 Day-52.1%-15.6%-19.8%
1 Year-82.2%-82.2%-3.8%-4.5%-8.9%-10.7%
3 Yearn/a47.0%43.0%15.5%8.0%
5 Yearn/a78.8%60.2%35.2%20.4%

Price Volatility Vs. Market

How volatile is Restoration Robotics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Restoration Robotics undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Restoration Robotics is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Restoration Robotics has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

How is Restoration Robotics forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

19.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAIR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: HAIR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: HAIR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: HAIR's revenue (1.7% per year) is forecast to grow slower than the US market (7.5% per year).

High Growth Revenue: HAIR's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HAIR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Restoration Robotics performed over the past 5 years?

-9.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HAIR is currently unprofitable.

Growing Profit Margin: HAIR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HAIR is unprofitable, and losses have increased over the past 5 years at a rate of -9.5% per year.

Accelerating Growth: Unable to compare HAIR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HAIR is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (31%).


Return on Equity

High ROE: HAIR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Restoration Robotics's financial position?


Financial Position Analysis

Short Term Liabilities: HAIR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: HAIR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: HAIR has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: HAIR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: HAIR has a high level of physical assets or inventory.

Debt Coverage by Assets: HAIR has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HAIR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: HAIR has less than a year of cash runway if free cash flow continues to reduce at historical rates of -27.4% each year


Next Steps

Dividend

What is Restoration Robotics's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HAIR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate HAIR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HAIR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HAIR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HAIR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Ryan Rhodes (57yo)

3.33s

Tenure

US$548,563

Compensation

Mr. Ryan Rhodes has been Chief Executive Officer and President of Restoration Robotics, Inc. since July 2016. Mr. Rhodes has over 25 years' experience in marketing, sales and leadership in the medical devi ...


CEO Compensation Analysis

Compensation vs Market: Ryan's total compensation ($USD548.56K) is about average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Ryan's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Ryan Rhodes
President3.33yrsUS$548.56kno data
Mark Hair
Chief Financial Officer1.83yrsUS$1.20mno data
Keith Sullivan
Chief Commercial Officer & Director1.33yrsUS$128.30k0.88% $138.2k
Mohan Bodduluri
17.83yrsno datano data
Gregory Anderson
Vice President of Marketing2.17yrsno datano data

2.2yrs

Average Tenure

57.5yo

Average Age

Experienced Management: HAIR's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ryan Rhodes
President3.33yrsUS$548.56kno data
Keith Sullivan
Chief Commercial Officer & Director1.33yrsUS$128.30k0.88% $138.2k
Gilbert Kliman
Independent Director12.33yrsUS$21.11kno data
Frederic Moll
Independent Chairman of the Board17yrsUS$21.11k2.28% $357.0k
Jeffrey Bird
Independent Director14.33yrsUS$21.11k0.55% $85.9k
Craig Taylor
Independent Director2.67yrsUS$21.11kno data
Shelley Thunen
Independent Director4.33yrsUS$77.36kno data
Paul Rose
Member of Medical Advisory Boardno datano datano data
Eduardo Bran
Member of Medical Advisory Boardno datano datano data
João Pereira
Member of Medical Advisory Boardno datano datano data

4.3yrs

Average Tenure

61yo

Average Age

Experienced Board: HAIR's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 86.8%.


Top Shareholders

Company Information

Restoration Robotics, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Restoration Robotics, Inc.
  • Ticker: HAIR
  • Exchange: NasdaqGM
  • Founded: 2002
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Market Cap: US$15.689m
  • Shares outstanding: 2.72m
  • Website: https://artas.com

Number of Employees


Location

  • Restoration Robotics, Inc.
  • 128 Baytech Drive
  • San Jose
  • California
  • 95134
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HAIRNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 2017

Biography

Restoration Robotics, Inc., a medical technology company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites. Its system includes the ARTAS Hair Studio application, an interactive three-dimensional patient consultation tool that enables a physician to create a simulated hair transplant model for use in patient consultations. The company was founded in 2002 and is headquartered in San Jose, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/09 00:37
End of Day Share Price2019/11/08 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.