AgJunction

OverviewSuggest Edit

AgJunction (formerly known as Hemisphere GPS) is a company that provides data management software and hardware for the agriculture industry worldwide. The Company offers web-based data management systems for field boundary management, asset management, fertility analysis, and zone creation, as well as client, farm, and field management applications. It also provides AgriHD, a precision agriculture software solution; AgJunction Link, a hardware and software package that simplifies the process and increases the speed of processing collected field operations data; real time asset tracking kits; and satellite-assisted guidance systems for growers.

TypePublic
Founded1990
HQScottsdale, US
Websitecorp.agjunction.com
Employee Ratings2.7

Latest Updates

Employees (est.) (Dec 2017)143(-2%)
Revenue (FY, 2018)$64.5 M(+38%)

Key People/Management at AgJunction

Mike Manning

Mike Manning

Senior Vice President and Chief Financial Officer
Husam Kal

Husam Kal

Senior Vice President of Global Operations
M. McMickell

M. McMickell

Ph.D., Senior Vice President of Product Development
Bob Barjesteh

Bob Barjesteh

Vice President M&A, I.P. and General Counsel
Karen Beckett

Karen Beckett

Director of Human Resources
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AgJunction Office Locations

AgJunction has offices in Scottsdale, Hiawatha, Fremont and West End
Scottsdale, US (HQ)
9105 E Del Camino Dr #115
Fremont, US
46610 Landing Pkwy
Hiawatha, US
2207 Iowa St
West End, AU
Unit 5A, West End Corporate Park 305 Montague Road
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AgJunction Financials and Metrics

AgJunction Revenue

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AgJunction's revenue was reported to be $64.52 m in FY, 2018 which is a 37.9% increase from the previous period.
USD

Revenue (FY, 2018)

64.5m

Revenue growth (FY, 2017 - FY, 2018), %

37.9%

Gross profit (FY, 2018)

23.8m

Gross profit margin (FY, 2018), %

36.9%

Net income (FY, 2018)

1.5m

EBIT (FY, 2018)

(1.9m)

Cash (31-Dec-2018)

21.4m
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

42.3m46.8m64.5m

Revenue growth, %

11%38%

Cost of goods sold

25.7m27.4m40.7m

Gross profit

16.5m19.4m23.8m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018

Revenue

15.5m11.9m6.7m8.2m14.6m13.3m9.0m9.9m15.8m13.8m17.9m17.1m

Cost of goods sold

8.8m7.1m4.5m2.9m7.7m7.8m5.7m3.9m9.0m8.4m11.5m5.3m

Gross profit

6.7m4.8m2.2m5.3m6.8m5.5m3.2m6.0m6.8m5.4m6.3m11.8m

Gross profit Margin, %

43%40%33%65%47%41%36%61%43%39%35%69%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

12.9m13.9m21.4m

Accounts Receivable

4.8m4.2m8.5m

Prepaid Expenses

974.1k990.0k1.3m

Inventories

8.2m7.6m5.7m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

14.6m15.1m15.3m16.0m18.8m16.0m10.2m11.0m19.5m

Accounts Receivable

9.1m6.7m4.3m10.0m5.4m4.5m7.9m6.4m7.6m

Prepaid Expenses

734.2k917.7k861.2k956.0k1.2m798.0k1.2m1.1m1.0m

Inventories

10.7m9.5m8.7m5.7m5.6m5.9m8.0m8.6m5.8m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(18.2m)(2.7m)1.5m

Depreciation and Amortization

2.0m1.9m1.8m

Inventories

2.5m(2.0k)(2.2m)

Accounts Payable

(2.3m)2.0m2.9m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2018Q1, 2018Q2, 2018Q3, 2018

Net Income

242.8k(963.7k)(15.3m)5.6m3.1m(4.0k)(984.0k)(3.3m)(1.7m)

Depreciation and Amortization

498.1k996.6k1.5m488.0k972.0k1.5m496.0k984.0k1.4m

Inventories

967.3k1.9m2.4m2.3m2.2m1.8m(129.0k)(756.0k)(1.2m)

Accounts Payable

471.0k(1.6m)(2.3m)1.5m1.6m476.0k996.0k2.5m4.0m
USDY, 2018

Financial Leverage

1.4 x

P/E Ratio

45.0
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AgJunction Operating Metrics

FY, 2015FY, 2016FY, 2017

Facilities

5 5 5

Outback Guidance Centres

300 200 175

Patents Issued

140 130 132

Patent Applications

31 43 49
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AgJunction Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
NovariantOctober 16, 2015
Beeline TechnologiesDecember 12, 2007$21 m
AgJunction Aus Pty Ltd.
AgJunction Corporation
AgJunction LLC
AgJunction Machinery (Shanghai) Co.
AgJunction Pty Ltd.
Novariant Europe B.V.
Novariant, Inc.

AgJunction Revenue Breakdown

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AgJunction revenue breakdown by geographic segment: 33.2% from Americas, 64.4% from Europe, the Middle East, and Africa and 2.4% from Other

AgJunction News and Updates

AgJunction and Swift Navigation Form New Partnership

Companies aim to develop highly accurate, low-cost, near-autonomous small tractor solutions SCOTTSDALE, AZ, May 9, 2019 /PRNewswire/ - AgJunction Inc. (TSX: AJX), the Autosteering Company™ ("AgJunction"), announced today that it is partnering with Swift Navigation to develop...

AgJunction Announces Facilities Consolidation and Reduction in Workforce

SCOTTSDALE, AZ, April 10, 2019 /PRNewswire/ - AgJunction Inc. (TSX: AJX), the Autosteering Company™, announced today the future closing of its facilities in Fremont, California and Brisbane, Australia, along with related reductions in workforce, as the company continues its consolidation...

Precision Farming Technologies 2018 Global Market Key Players – Ag Leader, AGCO, AgJunction, John Deere, Trimble, CNH Industrial, DICKEY-John, Raven Industries – Analysis and Forecast to 2025

WiseGuyRerports.com Presents “Global Precision Farming Technologies Market Size, Status and Forecast 2019-2025” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

AgJunction Signs Long-Term Agreement with Mahindra

SCOTTSDALE, AZ, Dec. 13, 2018 /PRNewswire/ - AgJunction Inc. (TSX: AJX), the Autosteering Company™ ("AgJunction"), announced that it has entered into a framework development agreement with Mahindra & Mahindra Ltd. ("Mahindra"). Under the agreement, the parties will jointly prepare...

Precision Farming/Agriculture Device Market Analysis 2018-2025 by Types, Applications and 15 Key Players (Ag Leader Technology (U.S.), AgJunction, Inc. (U.S.), CropMetrics LLC (U.S.), More)

The Global Precision Farming/Agriculture Device Market report provides information by Top Players, Geography, End users, Applications, Competitor analysis, Sales, Revenue, Price, Gross Margin, Market Share, Import-Export, Trends and Forecast. Posted via Industry Today. Follow us on Twitter @Industry…

New Study: Precision Farming Software Market to register steady expansion during 2018 – 2025| Key Players Included: Trimble, Agjunction, Iteris, Conservis

Latest research study from HTF MI provide a comprehensive analysis of the Global Precision Farming Software Market is provided in this intelligence document. It includes the primary investigations to cover historical progress, ongoing market scenarios, and future prospects. An accurate data of the p…
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AgJunction Frequently Asked Questions

  • When was AgJunction founded?

    AgJunction was founded in 1990.

  • Who are AgJunction key executives?

    AgJunction's key executives are Mike Manning, Husam Kal and M. McMickell.

  • How many employees does AgJunction have?

    AgJunction has 143 employees.

  • What is AgJunction revenue?

    Latest AgJunction annual revenue is $64.5 m.

  • What is AgJunction revenue per employee?

    Latest AgJunction revenue per employee is $451.2 k.

  • Who are AgJunction competitors?

    Competitors of AgJunction include FieldIn, FarmLogs and Conservis.

  • Where is AgJunction headquarters?

    AgJunction headquarters is located at 9105 E Del Camino Dr #115, Scottsdale.

  • Where are AgJunction offices?

    AgJunction has offices in Scottsdale, Hiawatha, Fremont and West End.

  • How many offices does AgJunction have?

    AgJunction has 4 offices.