Aerohive Networks Revenue

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

Embed Graph

Summary - Funding Rounds

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

Aerohive Networks Revenue Breakdown

Embed Graph

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

Aerohive Networks Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

137.3m151.7m169.8m152.9m154.9m

Revenue growth, %

10%12%(10%)1%

Cost of goods sold

44.8m50.4m55.3m50.2m52.9m

Gross profit

92.5m101.3m114.5m102.7m102.0m

Gross profit Margin, %

67%67%67%67%66%

Sales and marketing expense

72.4m83.1m81.0m65.3m61.7m

R&D expense

27.5m36.9m41.5m36.4m35.6m

General and administrative expense

21.2m26.3m28.8m23.1m22.5m

Operating expense total

121.1m146.3m151.3m124.8m119.8m

EBIT

(28.6m)(45.0m)(36.8m)(22.2m)(17.8m)

EBIT margin, %

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

Interest expense

1.8m1.2m474.0k567.0k748.0k

Interest income

37.0k108.0k468.0k720.0k1.6m

Pre tax profit

(30.1m)(45.8m)(36.6m)(22.3m)(18.2m)

Income tax expense

441.0k352.0k269.0k603.0k160.0k

Net Income

(30.6m)(46.2m)(36.9m)(22.9m)(18.3m)

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

28.2m37.6m35.3m25.8m36.8m42.8m40.1m47.6m40.4m36.4m42.3m37.1m35.8m40.5m40.6m33.0m38.0m

Cost of goods sold

9.2m12.2m11.4m8.6m12.1m14.4m13.3m15.5m13.2m11.9m13.8m12.7m12.1m13.8m13.9m12.6m13.6m

Gross profit

19.0m25.4m23.9m17.2m24.7m28.4m26.8m32.2m27.2m24.4m28.5m24.4m23.7m26.7m26.6m20.4m24.4m

Gross profit Margin, %

67%68%68%67%67%66%67%68%67%67%67%66%66%66%66%62%64%

Sales and marketing expense

16.6m19.0m18.1m18.8m20.8m22.1m21.1m21.3m19.6m17.4m17.4m15.9m15.7m13.2m

R&D expense

6.1m6.8m7.5m7.5m8.9m10.1m10.2m10.6m10.7m9.6m9.2m9.3m9.3m8.6m8.5m8.8m9.7m

General and administrative expense

4.8m5.1m5.2m6.2m6.2m7.2m7.9m7.7m6.5m6.3m5.5m5.7m6.0m5.3m5.2m6.0m7.7m

Operating expense total

27.5m31.0m30.8m32.5m35.9m39.4m39.2m39.6m36.8m33.3m32.1m30.9m30.9m29.6m29.2m29.3m30.5m

EBIT

(8.6m)(5.6m)(6.9m)(15.3m)(11.2m)(11.0m)(12.4m)(7.4m)(9.6m)(8.8m)(3.6m)(6.5m)(7.2m)(2.9m)(2.6m)(8.9m)(6.1m)

EBIT margin, %

(30%)(15%)(20%)(59%)(30%)(26%)(31%)(16%)(24%)(24%)(9%)(18%)(20%)(7%)(6%)(27%)(16%)

Interest expense

465.0k459.0k458.0k754.0k173.0k140.0k126.0k110.0k115.0k130.0k147.0k135.0k164.0k183.0k196.0k207.0k

Interest income

1.0k8.0k10.0k14.0k19.0k21.0k119.0k117.0k109.0k140.0k164.0k180.0k289.0k337.0k437.0k496.0k475.0k

Pre tax profit

(8.9m)(6.1m)(7.3m)(16.0m)(11.3m)(11.1m)(12.4m)(7.3m)(9.6m)(8.9m)(3.7m)(6.5m)(7.3m)(2.7m)(2.4m)(8.6m)(5.9m)

Income tax expense

20.0k135.0k81.0k108.0k99.0k215.0k145.0k68.0k85.0k97.0k197.0k75.0k58.0k84.0k60.0k52.0k158.0k

Net Income

(8.9m)(6.3m)(7.4m)(16.1m)(11.4m)(11.3m)(12.5m)(7.4m)(9.7m)(9.0m)(3.9m)(6.6m)(7.3m)(2.8m)(2.4m)(8.7m)(6.1m)

Aerohive Networks Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

98.0m45.7m34.3m27.2m26.0m

Accounts Receivable

24.7m22.8m42.4m17.7m16.2m

Prepaid Expenses

2.6m4.1m6.3m6.5m6.4m

Inventories

8.4m10.8m12.6m13.5m16.1m

Current Assets

134.7m130.8m121.9m122.6m130.8m

PP&E

8.9m9.2m9.0m6.4m5.9m

Goodwill

513.0k513.0k513.0k513.0k513.0k

Total Assets

144.3m140.9m136.5m134.6m141.5m

Accounts Payable

10.2m15.1m10.8m11.9m16.1m

Short-term debt

12.5m20.0m20.0m

Current Liabilities

53.8m54.9m71.8m54.8m83.9m

Long-term debt

7.3m20.0m20.0m

Total Debt

19.8m20.0m20.0m20.0m20.0m

Total Liabilities

86.1m106.7m107.8m112.7m123.9m

Common Stock

46.0k49.0k52.0k55.0k56.0k

Preferred Stock

Additional Paid-in Capital

278.5m293.9m

Retained Earnings

(150.9m)(197.1m)(227.3m)(250.4m)(265.8m)

Total Equity

34.2m34.2m28.7m21.9m17.6m

Debt to Equity Ratio

0.6 x0.6 x0.7 x0.9 x1.1 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x

Financial Leverage

4.2 x4.1 x4.8 x6.1 x8 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

33.3m103.9m106.2m92.7m85.4m88.2m41.4m39.3m43.9m28.9m34.6m33.9m21.5m35.0m32.5m20.4m36.4m

Accounts Receivable

15.8m23.7m18.0m17.6m20.8m16.3m20.9m29.5m22.5m21.6m22.9m17.2m19.5m17.2m14.8m18.8m11.9m

Prepaid Expenses

7.2m2.3m2.4m2.1m3.9m4.3m11.6m12.4m7.2m6.9m7.1m7.9m6.2m6.7m6.4m6.4m6.8m

Inventories

6.3m12.1m9.5m11.4m11.9m11.8m11.5m14.7m15.7m11.7m15.0m13.2m13.6m11.2m13.7m15.3m14.3m

Current Assets

63.8m142.9m137.3m124.7m122.8m121.4m130.5m136.0m124.8m115.1m125.3m121.3m117.1m122.7m129.7m122.1m126.9m

PP&E

4.5m5.8m7.2m10.4m10.1m9.9m8.5m9.9m9.6m8.2m7.6m7.0m7.0m6.9m6.5m5.3m4.6m

Goodwill

513.0k513.0k513.0k513.0k513.0k513.0k513.0k513.0k513.0k513.0k513.0k513.0k513.0k513.0k513.0k513.0k513.0k

Total Assets

69.1m149.4m145.2m135.8m133.7m132.1m145.1m151.8m140.2m128.9m138.8m134.1m129.6m135.4m142.0m136.2m140.3m

Accounts Payable

14.2m16.5m10.4m12.7m12.0m10.0m14.5m17.1m13.5m9.7m14.7m9.7m12.0m12.4m15.1m12.2m14.1m

Short-term debt

10.0m10.0m20.0m20.0m20.0m20.0m20.0m20.0m

Current Liabilities

37.1m53.5m51.1m43.9m45.0m48.8m79.7m83.8m75.5m51.0m56.6m55.4m73.7m76.9m81.9m60.2m64.3m

Long-term debt

19.7m9.7m9.7m20.0m20.0m20.0m20.0m20.0m20.0m23.1m23.2m

Total Debt

19.7m10.0m10.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m23.1m23.2m

Total Liabilities

74.3m83.3m83.5m89.8m92.7m97.9m112.7m119.1m111.4m105.8m113.4m113.0m109.4m114.5m121.1m123.9m129.6m

Common Stock

20.0k46.0k46.0k46.0k48.0k48.0k50.0k51.0k52.0k53.0k54.0k55.0k55.0k55.0k56.0k56.0k57.0k

Preferred Stock

69.0k

Additional Paid-in Capital

124.0m201.6m204.6m212.9m219.3m223.9m236.0m244.3m250.8m261.7m268.9m273.3m281.1m285.7m289.4m297.3m301.7m

Retained Earnings

(129.3m)(135.5m)(142.9m)(166.9m)(178.4m)(189.7m)(202.9m)(210.3m)(220.0m)(236.5m)(240.4m)(247.0m)(254.7m)(257.6m)(260.0m)(274.4m)(280.5m)

Total Equity

(5.2m)66.1m61.8m46.0m41.0m34.2m32.4m32.7m28.7m23.1m25.4m21.2m20.2m20.9m20.8m12.3m10.7m

Debt to Equity Ratio

-3.8 x0.2 x0.2 x0.4 x0.5 x0.6 x0.6 x0.6 x0.7 x0.9 x0.8 x0.9 x1 x1 x1 x

Debt to Assets Ratio

0.3 x0.1 x0.1 x0.1 x0.1 x0.2 x0.1 x0.1 x0.1 x0.2 x0.1 x0.1 x0.2 x0.1 x0.1 x

Financial Leverage

-13.3 x2.3 x2.4 x3 x3.3 x3.9 x4.5 x4.6 x4.9 x5.6 x5.5 x6.3 x6.4 x6.5 x6.8 x11 x13.1 x

Aerohive Networks Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(30.6m)(46.2m)(36.9m)(22.9m)(18.3m)

Depreciation and Amortization

2.3m3.5m3.5m3.1m3.0m

Accounts Receivable

(7.1m)1.9m(3.4m)8.5m1.5m

Inventories

(1.5m)(2.4m)(1.9m)(866.0k)(2.6m)

Accounts Payable

1.3m5.2m(4.5m)1.3m4.0m

Cash From Operating Activities

63.0m(52.3m)(14.6m)9.3m12.9m

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

63.0m10.0m(53.0k)(182.0k)(188.0k)

Cash From Financing Activities

78.5m3.6m2.9m(689.0k)(4.1m)

Net Change in Cash

63.0m(52.3m)(11.4m)(7.1m)(1.2m)

Interest Paid

1.4m984.0k484.0k576.0k765.0k

Income Taxes Paid

420.0k519.0k666.0k360.0k158.0k

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

(8.9m)(15.2m)(22.6m)(16.1m)(27.5m)(38.8m)(12.5m)(19.9m)(29.6m)(9.0m)(12.9m)(19.5m)(7.3m)(10.1m)(12.6m)(8.7m)(14.7m)

Depreciation and Amortization

497.0k1.0m1.8m619.0k1.6m2.6m896.0k1.8m2.7m842.0k1.6m2.4m708.0k1.5m2.3m763.0k1.5m

Accounts Receivable

1.7m(6.1m)(393.0k)7.1m3.9m8.3m1.9m(6.7m)352.0k4.6m3.3m9.0m(1.8m)475.0k2.9m(2.6m)4.3m

Inventories

487.0k(5.2m)(2.7m)(3.0m)(3.6m)(3.4m)(714.0k)(3.9m)(4.9m)961.0k(2.4m)(577.0k)(63.0k)2.3m(195.0k)799.0k1.8m

Accounts Payable

1.8m7.6m1.4m2.5m1.8m(17.0k)(684.0k)1.1m(2.0m)(885.0k)4.1m(911.0k)(56.0k)(105.0k)2.9m(3.7m)(1.9m)

Cash From Operating Activities

(1.7m)(6.3m)(2.3m)(2.9m)(11.6m)(7.1m)(3.3m)(12.2m)(10.3m)(1.6m)2.4m7.8m(4.8m)5.1m14.2m(10.3m)680.0k

Purchases of PP&E

(1.4m)(1.1m)(1.6m)(452.0k)(936.0k)(2.0m)(337.0k)(735.0k)(1.7m)(223.0k)(466.0k)(510.0k)(1.2m)(1.4m)(2.1m)(290.0k)(436.0k)

Cash From Investing Activities

(1.4m)(3.1m)(4.8m)(2.2m)(2.8m)(3.9m)(43.0k)4.6m7.9m(3.7m)(3.6m)(7.1m)178.0k3.9m(6.2m)4.9m8.7m

Long-term Borrowings

(43.0k)(83.0k)(126.0k)(46.0k)(94.0k)(141.0k)(49.0k)(97.0k)

Cash From Financing Activities

1.4m78.4m78.3m(203.0k)1.8m1.1m(988.0k)1.3m625.0k(151.0k)1.5m(1.1m)(1.1m)(1.2m)(2.7m)(271.0k)978.0k

Net Change in Cash

(1.7m)68.9m71.2m(5.4m)(12.7m)(9.9m)(4.4m)(6.4m)(1.8m)(5.4m)273.0k(397.0k)(5.8m)7.7m5.2m(5.7m)10.3m

Interest Paid

272.0k627.0k985.0k608.0k704.0k845.0k139.0k249.0k364.0k126.0k267.0k424.0k168.0k355.0k557.0k209.0k347.0k

Income Taxes Paid

135.0k215.0k355.0k243.0k356.0k394.0k249.0k391.0k535.0k99.0k175.0k295.0k36.0k47.0k102.0k67.0k129.0k

Aerohive Networks Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017

Countries

40

Customers

19 k24 k30 k

Patent Applications

36 42 48 45

Patents Issued

13 22 29 54

Aerohive Networks Employee Rating

2.8143 votes
Culture & Values
2.8
Work/Life Balance
3.4
Senior Management
2.5
Salary & Benefits
3.0
Career Opportunities
2.7
Source