Aerohive Networks revenue was $154.91 m in FY, 2018 which is a 1.3% year over year increase from the previous period.

## Founding Date | 2006 |

## Total Funding | $105 m |

## Investors | Kleiner Perkins, Lightspeed Venture Partners, New Enterprise Associates, Four Rivers Group, Northern Light Venture Capital, Big Basin Partners, IVP (Institutional Venture Partners), Apogee Venture Group |

In total, Aerohive Networks had raised $105 m. Aerohive Networks is a subsidiary of Extreme Networks

Aerohive Networks revenue breakdown by business segment: 73.1% from Product and 26.9% from Software subscription and services

Aerohive Networks revenue breakdown by geographic segment: 63.1% from Americas, 28.7% from Europe, Middle East and Africa and 8.2% from Asia Pacific

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|

## Revenue | 137.3m | 151.7m | 169.8m | 152.9m | 154.9m |

| 10% | 12% | (10%) | 1% | |

## Cost of goods sold | 44.8m | 50.4m | 55.3m | 50.2m | 52.9m |

## Gross profit | 92.5m | 101.3m | 114.5m | 102.7m | 102.0m |

| 67% | 67% | 67% | 67% | 66% |

## Sales and marketing expense | 72.4m | 83.1m | 81.0m | 65.3m | 61.7m |

## R&D expense | 27.5m | 36.9m | 41.5m | 36.4m | 35.6m |

## General and administrative expense | 21.2m | 26.3m | 28.8m | 23.1m | 22.5m |

## Operating expense total | 121.1m | 146.3m | 151.3m | 124.8m | 119.8m |

## EBIT | (28.6m) | (45.0m) | (36.8m) | (22.2m) | (17.8m) |

| (21%) | (30%) | (22%) | (14%) | (12%) |

## Interest expense | 1.8m | 1.2m | 474.0k | 567.0k | 748.0k |

## Interest income | 37.0k | 108.0k | 468.0k | 720.0k | 1.6m |

## Pre tax profit | (30.1m) | (45.8m) | (36.6m) | (22.3m) | (18.2m) |

## Income tax expense | 441.0k | 352.0k | 269.0k | 603.0k | 160.0k |

## Net Income | (30.6m) | (46.2m) | (36.9m) | (22.9m) | (18.3m) |

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|

## Cash | 98.0m | 45.7m | 34.3m | 27.2m | 26.0m |

## Accounts Receivable | 24.7m | 22.8m | 42.4m | 17.7m | 16.2m |

## Prepaid Expenses | 2.6m | 4.1m | 6.3m | 6.5m | 6.4m |

## Inventories | 8.4m | 10.8m | 12.6m | 13.5m | 16.1m |

## Current Assets | 134.7m | 130.8m | 121.9m | 122.6m | 130.8m |

## PP&E | 8.9m | 9.2m | 9.0m | 6.4m | 5.9m |

## Goodwill | 513.0k | 513.0k | 513.0k | 513.0k | 513.0k |

## Total Assets | 144.3m | 140.9m | 136.5m | 134.6m | 141.5m |

## Accounts Payable | 10.2m | 15.1m | 10.8m | 11.9m | 16.1m |

## Short-term debt | 12.5m | 20.0m | 20.0m | ||

## Current Liabilities | 53.8m | 54.9m | 71.8m | 54.8m | 83.9m |

## Long-term debt | 7.3m | 20.0m | 20.0m | ||

## Total Debt | 19.8m | 20.0m | 20.0m | 20.0m | 20.0m |

## Total Liabilities | 86.1m | 106.7m | 107.8m | 112.7m | 123.9m |

## Common Stock | 46.0k | 49.0k | 52.0k | 55.0k | 56.0k |

## Preferred Stock | |||||

## Additional Paid-in Capital | 278.5m | 293.9m | |||

## Retained Earnings | (150.9m) | (197.1m) | (227.3m) | (250.4m) | (265.8m) |

## Total Equity | 34.2m | 34.2m | 28.7m | 21.9m | 17.6m |

## Debt to Equity Ratio | 0.6 x | 0.6 x | 0.7 x | 0.9 x | 1.1 x |

## Debt to Assets Ratio | 0.1 x | 0.1 x | 0.1 x | 0.1 x | 0.1 x |

## Financial Leverage | 4.2 x | 4.1 x | 4.8 x | 6.1 x | 8 x |

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|

## Net Income | (30.6m) | (46.2m) | (36.9m) | (22.9m) | (18.3m) |

## Depreciation and Amortization | 2.3m | 3.5m | 3.5m | 3.1m | 3.0m |

## Accounts Receivable | (7.1m) | 1.9m | (3.4m) | 8.5m | 1.5m |

## Inventories | (1.5m) | (2.4m) | (1.9m) | (866.0k) | (2.6m) |

## Accounts Payable | 1.3m | 5.2m | (4.5m) | 1.3m | 4.0m |

## Cash From Operating Activities | 63.0m | (52.3m) | (14.6m) | 9.3m | 12.9m |

## Purchases of PP&E | (2.4m) | (2.3m) | (2.2m) | (595.0k) | (2.4m) |

## Cash From Investing Activities | (6.7m) | (50.9m) | 276.0k | (15.7m) | (10.0m) |

## Long-term Borrowings | 63.0m | 10.0m | (53.0k) | (182.0k) | (188.0k) |

## Cash From Financing Activities | 78.5m | 3.6m | 2.9m | (689.0k) | (4.1m) |

## Net Change in Cash | 63.0m | (52.3m) | (11.4m) | (7.1m) | (1.2m) |

## Interest Paid | 1.4m | 984.0k | 484.0k | 576.0k | 765.0k |

## Income Taxes Paid | 420.0k | 519.0k | 666.0k | 360.0k | 158.0k |

USD | Q1, 2014 |
---|---|

## Debt/Equity | -3.8 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | -13.3 x |