$216.7 M

HIVE Mkt cap, 14-Nov-2018

$40.6 M

Aerohive Networks Revenue Q3, 2018
Aerohive Networks Gross profit (Q3, 2018)26.6 M
Aerohive Networks Gross profit margin (Q3, 2018), %65.6%
Aerohive Networks Net income (Q3, 2018)-2.4 M
Aerohive Networks EBIT (Q3, 2018)-2.6 M
Aerohive Networks Cash, 30-Sep-201832.5 M
Aerohive Networks EV204.2 M

Aerohive Networks Revenue

Aerohive Networks revenue was $152.90 m in FY, 2017 which is a 10% year over year decrease from the previous period.

Embed Graph

Aerohive Networks Revenue Breakdown

Embed Graph

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

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

Aerohive Networks Income Statement

Annual

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

Revenue

137.3m151.7m169.8m152.9m

Revenue growth, %

10%12%(10%)

Cost of goods sold

44.8m50.4m55.3m50.2m

Gross profit

92.5m101.3m114.5m102.7m

Gross profit Margin, %

67%67%67%67%

Sales and marketing expense

72.4m83.1m81.0m65.3m

R&D expense

27.5m36.9m41.5m36.4m

General and administrative expense

21.2m26.3m28.8m23.1m

Operating expense total

121.1m146.3m151.3m124.8m

EBIT

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

EBIT margin, %

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

Interest expense

1.8m1.2m474.0k567.0k

Interest income

37.0k108.0k468.0k720.0k

Pre tax profit

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

Income tax expense

(441.0k)(352.0k)269.0k603.0k

Net Income

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

Quarterly

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Sales and marketing expense

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

R&D expense

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

General and administrative expense

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

Operating expense total

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

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)

EBIT margin, %

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

Interest expense

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

Interest income

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

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)

Income tax expense

(20.0k)(135.0k)(81.0k)(108.0k)(99.0k)(215.0k)(145.0k)(68.0k)(85.0k)97.0k197.0k75.0k58.0k84.0k60.0k

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)

Aerohive Networks Balance Sheet

Annual

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

Cash

98.0m45.7m34.3m27.2m

Accounts Receivable

24.7m22.8m42.4m17.7m

Prepaid Expenses

2.6m4.1m6.3m6.5m

Inventories

8.4m10.8m12.6m13.5m

Current Assets

134.7m130.8m121.9m122.6m

PP&E

8.9m9.2m9.0m6.4m

Goodwill

513.0k513.0k513.0k513.0k

Total Assets

144.3m140.9m136.5m134.6m

Accounts Payable

10.2m15.1m10.8m11.9m

Short-term debt

12.5m20.0m

Current Liabilities

53.8m54.9m71.8m54.8m

Long-term debt

7.3m20.0m20.0m

Total Debt

19.8m20.0m20.0m20.0m

Total Liabilities

86.1m106.7m107.8m112.7m

Common Stock

46.0k49.0k52.0k55.0k

Retained Earnings

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

Total Equity

34.2m34.2m28.7m21.9m

Debt to Equity Ratio

0.6 x0.6 x0.7 x0.9 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x

Financial Leverage

4.2 x4.1 x4.8 x6.1 x

Quarterly

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

Cash

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

Accounts Receivable

17.6m20.8m16.3m20.9m29.5m22.5m21.6m22.9m17.2m

Prepaid Expenses

2.1m3.9m4.3m11.6m12.4m7.2m6.9m7.1m7.9m

Inventories

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

Current Assets

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

PP&E

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

Goodwill

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

Total Assets

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

Accounts Payable

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

Short-term debt

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

Current Liabilities

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

Long-term debt

19.7m20.0m20.0m20.0m20.0m20.0m20.0m

Total Debt

19.7m10.0m10.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m20.0m

Total Liabilities

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

Common Stock

46.0k48.0k48.0k52.0k51.0k52.0k53.0k54.0k55.0k

Preferred Stock

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)

Total Equity

46.0m41.0m34.2m32.4m32.7m28.7m23.1m25.4m21.2m20.2m20.9m20.8m

Debt to Equity Ratio

0.5 x0.6 x0.6 x0.6 x0.7 x0.9 x0.8 x0.9 x1 x

Debt to Assets Ratio

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

Financial Leverage

3 x3.3 x3.9 x4.5 x4.6 x4.9 x5.6 x5.5 x6.3 x6.4 x6.5 x6.8 x

Aerohive Networks Cash Flow

Annual

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

Net Income

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

Depreciation and Amortization

2.3m3.5m3.5m3.1m

Accounts Receivable

(7.1m)1.9m(3.4m)8.5m

Inventories

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

Accounts Payable

1.3m5.2m(4.5m)1.3m

Cash From Operating Activities

63.0m(52.3m)(14.6m)9.3m

Purchases of PP&E

(2.4m)(2.3m)(2.2m)(595.0k)

Cash From Investing Activities

(6.7m)(50.9m)276.0k(15.7m)

Long-term Borrowings

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

Cash From Financing Activities

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

Net Change in Cash

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

Interest Paid

1.4m984.0k484.0k576.0k

Income Taxes Paid

420.0k519.0k666.0k360.0k

Aerohive Networks Ratios

USDY, 2018

EV/EBIT

-78.3 x

EV/CFO

14.4 x

Debt/Equity

1 x

Debt/Assets

0.1 x

Financial Leverage

6.8 x
Report incorrect company information

Aerohive Networks Operating Metrics

Aerohive Networks's Customers was reported to be 30 k in FY, 2016.
FY, 2014FY, 2015FY, 2016FY, 2017

Countries

40

Customers

19 k24 k30 k

Patent Applications

36 42 48 45

Patents Issued

13 22 29 54
Report incorrect company information

Aerohive Networks Employee Rating

2.7123 votes
Culture & Values
3.0
Work/Life Balance
3.7
Senior Management
2.5
Salary & Benefits
3.2
Career Opportunities
2.6
Source