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

Fundamentals

Worrying balance sheet with weak fundamentals.

Risks

  • Restoration Robotics has significant price volatility in the past 3 months.
  • Restoration Robotics is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

NasdaqGM:HAIR

1.5%

US Medical Equipment

0.8%

US Market


1 Year Return

-75.0%

NasdaqGM:HAIR

9.7%

US Medical Equipment

1.9%

US Market

HAIR underperformed the Medical Equipment industry which returned 9.6% over the past year.

HAIR underperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

HAIRIndustryMarket
7 Day-0.8%1.5%0.8%
30 Day-1.2%0.7%3.4%
90 Day32.7%2.4%2.1%
1 Year-75.0%-75.0%10.6%9.7%4.2%1.9%
3 Yearn/a70.2%65.0%46.7%37.2%
5 Yearn/a136.0%109.1%62.3%44.5%

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 based on future cash flows and its price relative to the stock 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 expected 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 Estimates


Future Annual Growth Analysis

Restoration Robotics's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).

Restoration Robotics is not considered high growth as it is expected to be loss making for the next 1-3 years.

Restoration Robotics's revenue growth is positive but not above the United States of America market average.

Unable to compare Restoration Robotics's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.

Unable to compare Restoration Robotics's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Restoration Robotics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Restoration Robotics performed over the past 5 years?

-9.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Restoration Robotics does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Restoration Robotics's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Restoration Robotics's 1-year growth to the US Medical Equipment industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Restoration Robotics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Restoration Robotics has efficiently used its assets last year compared to the US Medical Equipment industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Restoration Robotics improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Restoration Robotics's financial position?


Financial Position Analysis

Restoration Robotics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Restoration Robotics's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Restoration Robotics has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Restoration Robotics's debt level has increased considering it has negative shareholder equity.


Balance Sheet

High level of physical assets or inventory.

Restoration Robotics 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.

Restoration Robotics has less than a year of cash runway based on current free cash flow.

Restoration Robotics has less than a year of cash runway if free cash flow continues to grow 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 and Payments Analysis

Unable to evaluate Restoration Robotics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Restoration Robotics's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Restoration Robotics has not reported any payouts.

Unable to verify if Restoration Robotics's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Restoration Robotics has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Restoration Robotics's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Ryan Rhodes (57yo)

3.2yrs

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

Ryan's remuneration is about average for companies of similar size in United States of America.

Ryan's compensation has increased whilst company is loss making.


Management Age and Tenure

1.8yrs

Average Tenure

57yo

Average Age

The average tenure for the Restoration Robotics management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.2yrs

Average Tenure

61yo

Average Age

The tenure for the Restoration Robotics board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Mohan Bodduluri

    • Tenure: 17.7yrs
  • Greg Anderson (58yo)

    Vice President of Marketing

    • Tenure: 2yrs
  • Keith Sullivan (61yo)

    Chief Commercial Officer & Director

    • Tenure: 1.2yrs
    • Compensation: US$128.30k
  • Chris Aronson (43yo)

    Vice President of Sales

    • Tenure: 1.6yrs
    • Compensation: US$620.61k
  • Ryan Rhodes (57yo)

    President

    • Tenure: 3.2yrs
    • Compensation: US$548.56k
  • Mark Hair (49yo)

    Chief Financial Officer

    • Tenure: 1.7yrs
    • Compensation: US$1.20m

Board Members

  • Gil Kliman (60yo)

    Director

    • Tenure: 12.2yrs
    • Compensation: US$21.11k
  • Fred Moll (67yo)

    Chairman of the Board

    • Tenure: 16.8yrs
    • Compensation: US$21.11k
  • Jeff Bird (58yo)

    Director

    • Tenure: 14.2yrs
    • Compensation: US$21.11k
  • Craig Taylor (69yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: US$21.11k
  • Shelley Thunen (65yo)

    Independent Director

    • Tenure: 4.2yrs
    • Compensation: US$77.36k
  • Keith Sullivan (61yo)

    Chief Commercial Officer & Director

    • Tenure: 1.2yrs
    • Compensation: US$128.30k
  • Ryan Rhodes (57yo)

    President

    • Tenure: 3.2yrs
    • Compensation: US$548.56k
  • Paul Rose

    Member of Medical Advisory Board

    • Tenure: 0yrs
  • Eduardo Bran

    Member of Medical Advisory Board

    • Tenure: 0yrs
  • João Pereira

    Member of Medical Advisory Board

    • Tenure: 0yrs

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$26.557m
  • Shares outstanding: 40.86m
  • 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-ass ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 01:40
End of Day Share Price2019/09/17 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.