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Aerohive Networks

Technologycloud platformscommunication equipmentconnectivityenterprise softwarenetworkingwireless

Aerohive delivers an open mobility platform that simplifies and transforms the Connected Experience, through information, insights, and applications. The Company unleashes the potential of enterprise Wi-Fi, enabling customers to stop buying copper, move applications to the air, and maximize workforce productivity. Aerohive's Connected Experience is built on three core solutions that unlock the potential of mobility, and make networks easier to design, deploy, and manage Cloud Networking, Great Wi-Fi and Applications & Insights (business and IT applications that increase engagement and fuel business intelligence, powered by APIs, big data, and a partner ecosystem).

Revenue(Q1, 2017)
$36.4 M
Market capitalization(2017-08-17)
$182.9 M
Patent Applications (FY, 2016)
48
Company Growth (employees)
Type
Public
HQ
Milpitas, US
Founded
2006
Size (employees)
620 (est)
Website
aerohive.com
Aerohive Networks was founded in 2006 and is headquartered in Milpitas, US

Key People at Aerohive Networks

David Flynn

David Flynn

CEO
Changming Liu

Changming Liu

Founder and CTO
Steve Debenham

Steve Debenham

VP, Legal Services
Chris Schaepe

Chris Schaepe

Investor, Board Member

Aerohive Networks Office Locations

Aerohive Networks has offices in Milpitas, Atlanta, Portland, Surrey and in 6 other locations
Milpitas, US (HQ)
1011 McCarthy Blvd
Alexandria, AU
100 Collins St
Amstelveen, NL
2 Professor J.H. Bavincklaan
Boulogne-Billancourt, FR
121 Rue d'Aguesseau
Surrey, GB
16 West St
Portland, US
111 SW 5th Ave
Show all (10)

Aerohive Networks Data and Metrics

Aerohive Networks Financial Metrics

Aerohive Networks's revenue was reported to be $36.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

36.4 m

Gross profit (Q1, 2017)

24.4 m

Gross profit margin (Q1, 2017), %

67%

Net income (Q1, 2017)

(9 m)

EBIT (Q1, 2017)

(8.8 m)

Market capitalization (17-Aug-2017)

182.9 m

Cash (31-Mar-2017)

28.9 m
Aerohive Networks's current market capitalization is $182.9 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

137.3 m151.7 m169.8 m

Revenue growth, %

10%12%

Cost of goods sold

44.8 m50.4 m55.3 m

Gross profit

92.5 m101.3 m114.5 m

Gross profit Margin, %

67%67%67%

Sales and marketing expense

72.4 m83.1 m81 m

R&D expense

27.5 m36.9 m41.5 m

General and administrative expense

21.2 m26.3 m28.8 m

Operating expense total

121.1 m146.3 m151.3 m

EBIT

(28.6 m)(45 m)(36.8 m)

EBIT margin, %

(21%)(30%)(22%)

Interest expense

(1.8 m)(1.2 m)(474 k)

Interest income

37 k108 k468 k

Pre tax profit

(30.1 m)(45.8 m)(36.6 m)

Income tax expense

(441 k)(352 k)269 k

Net Income

(30.6 m)(46.2 m)(36.9 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

37.6 m35.3 m25.8 m36.8 m42.8 m40.1 m47.6 m40.4 m36.4 m

Cost of goods sold

12.2 m11.4 m8.6 m12.1 m14.4 m13.3 m15.5 m13.2 m11.9 m

Gross profit

25.4 m23.9 m17.2 m24.7 m28.4 m26.8 m32.2 m27.2 m24.4 m

Gross profit Margin, %

68%68%67%67%66%67%68%67%67%

Sales and marketing expense

19 m18.1 m18.8 m20.8 m22.1 m21.1 m21.3 m19.6 m17.4 m

R&D expense

6.8 m7.5 m7.5 m8.9 m10.1 m10.2 m10.6 m10.7 m9.6 m

General and administrative expense

5.1 m5.2 m6.2 m6.2 m7.2 m7.9 m7.7 m6.5 m6.3 m

Operating expense total

31 m30.8 m32.5 m35.9 m39.4 m39.2 m39.6 m36.8 m33.3 m

EBIT

(5.6 m)(6.9 m)(15.3 m)(11.2 m)(11 m)(12.4 m)(7.4 m)(9.6 m)(8.8 m)

EBIT margin, %

(15%)(20%)(59%)(30%)(26%)(31%)(16%)(24%)(24%)

Interest expense

(459 k)(458 k)(754 k)(173 k)(140 k)(126 k)(110 k)(115 k)(130 k)

Interest income

8 k10 k14 k19 k21 k119 k117 k109 k140 k

Pre tax profit

(6.1 m)(7.3 m)(16 m)(11.3 m)(11.1 m)(12.4 m)(7.3 m)(9.6 m)(8.9 m)

Income tax expense

(135 k)(81 k)(108 k)(99 k)(215 k)(145 k)(68 k)(85 k)97 k

Net Income

(6.3 m)(7.4 m)(16.1 m)(27.5 m)(38.8 m)(12.5 m)(19.9 m)(29.6 m)(9 m)
USDFY, 2014FY, 2015FY, 2016

Cash

98 m45.7 m34.3 m

Accounts Receivable

524 k

Inventories

8.4 m10.8 m12.6 m

Current Assets

134.7 m130.8 m121.9 m

PP&E

8.9 m9.2 m9 m

Goodwill

513 k513 k513 k

Total Assets

144.3 m140.9 m136.5 m

Accounts Payable

10.2 m15.1 m10.8 m

Current Liabilities

53.8 m54.9 m71.8 m

Total Liabilities

107.8 m

Retained Earnings

(150.9 m)(197.1 m)(227.3 m)

Total Equity

34.2 m28.7 m

Financial Leverage

4.1 x4.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

103.9 m106.2 m92.7 m85.4 m88.2 m41.4 m39.3 m43.9 m28.9 m

Inventories

12.1 m9.5 m11.4 m11.9 m11.8 m11.5 m14.7 m15.7 m11.7 m

Current Assets

142.9 m137.3 m124.7 m122.8 m121.4 m130.5 m136 m124.8 m115.1 m

PP&E

5.8 m7.2 m10.4 m10.1 m9.9 m8.5 m9.9 m9.6 m8.2 m

Goodwill

513 k513 k513 k513 k513 k513 k513 k513 k513 k

Total Assets

149.4 m145.2 m135.8 m133.7 m132.1 m145.1 m151.8 m140.2 m128.9 m

Accounts Payable

16.5 m10.4 m12.7 m12 m10 m14.5 m17.1 m13.5 m9.7 m

Current Liabilities

53.5 m51.1 m43.9 m45 m48.8 m79.7 m83.8 m75.5 m51 m

Retained Earnings

(135.5 m)(142.9 m)(166.9 m)(178.4 m)(189.7 m)(202.9 m)(210.3 m)(220 m)(236.5 m)

Total Equity

41 m34.2 m32.4 m32.7 m28.7 m23.1 m

Financial Leverage

3.3 x3.9 x4.5 x4.6 x4.9 x5.6 x
USDFY, 2014FY, 2015FY, 2016

Net Income

(30.6 m)(46.2 m)(36.9 m)

Depreciation and Amortization

2.3 m3.5 m3.5 m

Accounts Receivable

(7.1 m)1.9 m(3.4 m)

Inventories

(1.5 m)(2.4 m)(1.9 m)

Accounts Payable

1.3 m5.2 m(4.5 m)

Cash From Operating Activities

63 m(52.3 m)(14.6 m)

Purchases of PP&E

(2.4 m)(2.3 m)(2.2 m)

Cash From Investing Activities

(6.7 m)(50.9 m)276 k

Long-term Borrowings

10 m

Cash From Financing Activities

78.5 m3.6 m2.9 m

Interest Paid

1.4 m984 k484 k

Income Taxes Paid

420 k519 k666 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(6.3 m)(7.4 m)(16.1 m)(27.5 m)(38.8 m)(12.5 m)(19.9 m)(29.6 m)(9 m)

Depreciation and Amortization

619 k1.6 m2.6 m896 k1.8 m2.7 m842 k

Accounts Receivable

7.1 m3.9 m8.3 m1.9 m(6.7 m)352 k4.6 m

Inventories

12.1 m9.5 m(3 m)(3.6 m)(3.4 m)(714 k)(3.9 m)(4.9 m)961 k

Accounts Payable

16.5 m10.4 m2.5 m1.8 m(17 k)(684 k)1.1 m(2 m)(885 k)

Cash From Operating Activities

(2.9 m)(11.6 m)(7.1 m)(3.3 m)(12.2 m)(10.3 m)(1.6 m)

Purchases of PP&E

(452 k)(936 k)(2 m)(337 k)(735 k)(1.7 m)(223 k)

Cash From Investing Activities

(2.2 m)(2.8 m)(3.9 m)(43 k)4.6 m7.9 m(3.7 m)

Long-term Borrowings

(10 m)(10 m)(10 m)

Cash From Financing Activities

(203 k)1.8 m1.1 m(988 k)1.3 m625 k(151 k)

Interest Paid

608 k704 k845 k139 k249 k364 k126 k

Income Taxes Paid

243 k356 k394 k249 k391 k535 k99 k
USDY, 2017

Revenue/Employee

58.6 k

Financial Leverage

5.6 x

Aerohive Networks Operating Metrics

Aerohive Networks's Customers was reported to be 30 k in FY, 2016, which is a 25% increase from the previous period. Aerohive Networks's Patent Applications was reported to be 48 in FY, 2016, which is a 14% increase from the previous period
FY, 2014FY, 2015FY, 2016

Customers

19 k24 k30 k

Patents Issued

132229

Patent Applications

364248

Countries

40

    Aerohive Networks Market Value History

    Aerohive Networks Revenue Breakdown

    Aerohive Networks Median Salaries

    Source: 42 public H-1B filings from Aerohive Networks

    Market Position of Aerohive Networks

    Competitors

    3TEN8
    Technology - Private
    Cisco
    Technology - Public
    Palo Alto Networks
    Technology - Public
    Devicescape
    Technology - Private
    Compare competitors

    Traffic Overview of Aerohive Networks

    Aerohive Networks Online and Social Media Presence

    Aerohive Networks Company Life and Culture

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