## Founding Date | 2002 |

## Total Funding | $111.5 m |

## Investors | Sequoia Capital, Trinity Ventures, Focus Ventures, Matrix Partners, ARTIS Ventures, WK Technology Fund, Artis Ventures (AV) |

In total, Aruba Networks had raised $111.5 m. Aruba Networks is a subsidiary of HP

USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 |
---|---|---|---|---|---|

## Revenue | 160.9m | 176.4m | 188.8m | 207.8m | 212.9m |

## Cost of goods sold | 48.6m | 53.4m | 59.9m | 61.2m | 60.4m |

## Gross profit | 112.4m | 123.0m | 128.9m | 146.6m | 152.6m |

| 70% | 70% | 68% | 71% | 72% |

## Sales and marketing expense | 63.0m | 69.6m | 70.2m | 72.0m | 72.3m |

## R&D expense | 40.4m | 42.6m | 42.9m | 42.2m | 43.2m |

## General and administrative expense | 14.5m | 14.5m | 15.3m | 15.6m | 15.7m |

## Operating expense total | 118.0m | 126.6m | 128.4m | 136.4m | 130.7m |

## EBIT | (5.6m) | (3.6m) | 519.0k | 10.2m | 21.9m |

| (3%) | (2%) | 0% | 5% | 10% |

## Interest income | 261.0k | 217.0k | 183.0k | 199.0k | 192.0k |

## Pre tax profit | (5.1m) | (3.5m) | 504.0k | 9.7m | 20.9m |

## Income tax expense | 2.7m | 7.2m | 6.9m | 6.9m | 15.2m |

## Net Income | (7.8m) | (10.7m) | (6.4m) | 2.7m | 5.7m |

USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 |
---|---|---|---|---|

## Cash | 80.8m | 133.6m | 144.9m | 118.6m |

## Accounts Receivable | 68.6m | 80.2m | 93.2m | 102.3m |

## Prepaid Expenses | 5.1m | 19.0m | 20.1m | 18.1m |

## Inventories | 29.9m | 22.2m | 28.9m | 39.8m |

## Current Assets | 397.9m | 513.4m | 598.7m | 483.5m |

## PP&E | 14.8m | 19.9m | 27.5m | 27.3m |

## Goodwill | 33.1m | 56.9m | 67.2m | 67.2m |

## Total Assets | 488.9m | 648.9m | 746.7m | 629.7m |

## Accounts Payable | 11.3m | 7.8m | 24.9m | 23.8m |

## Short-term debt | 20.0m | 28.2m | 36.0m | |

## Current Liabilities | 128.0m | 157.5m | 230.0m | 239.5m |

## Total Debt | 20.0m | 28.2m | 36.0m | |

## Total Liabilities | 143.5m | 182.0m | 270.5m | 297.2m |

## Common Stock | 10.0k | 11.0k | 11.0k | 11.0k |

## Additional Paid-in Capital | 450.1m | 582.1m | 623.2m | 508.4m |

## Retained Earnings | (104.9m) | (113.8m) | (145.4m) | (174.4m) |

## Total Equity | 345.3m | 466.9m | 476.2m | 332.5m |

## Financial Leverage | 1.4 x | 1.4 x | 1.6 x | 1.9 x |

USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 |
---|---|---|---|---|

## Net Income | 70.7m | (8.9m) | (31.6m) | (29.0m) |

## Depreciation and Amortization | 15.0m | 19.1m | 23.7m | 29.5m |

## Accounts Receivable | (24.8m) | (11.4m) | (13.5m) | (9.0m) |

## Inventories | (16.9m) | 1.6m | (16.0m) | (15.2m) |

## Accounts Payable | (167.0k) | (4.7m) | 2.9m | (20.5m) |

## Cash From Operating Activities | 58.0m | 112.9m | 153.2m | 112.7m |

## Purchases of PP&E | (9.9m) | (13.0m) | (20.7m) | (19.4m) |

## Cash From Investing Activities | (44.9m) | (96.3m) | (98.8m) | 79.5m |

## Cash From Financing Activities | 36.4m | 36.5m | (43.1m) | (218.5m) |

## Net Change in Cash | 49.5m | 52.9m | 11.3m | (26.3m) |

## Income Taxes Paid | 1.2m | 5.6m | 3.3m | 5.4m |