Callidus Software was founded in 1996 and is headquartered in Dublin, US

Callidus Software has an office in Dublin

Dublin, US (HQ)

4140 Dublin Blvd

Callidus Software's revenue was reported to be $58.1 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 58.1 m |

## Gross profit (Q1, 2017) | 35.2 m |

## Gross profit margin (Q1, 2017), % | 61% |

## Net income (Q1, 2017) | (6.9 m) |

## EBIT (Q1, 2017) | (6.8 m) |

## Market capitalization (15-Aug-2017) | 1.6 b |

## Cash (31-Mar-2017) | 143.1 m |

Callidus Software's current market capitalization is $1.6 b.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 112.3 m | 136.6 m | 173.1 m | 206.7 m |

## Revenue growth, % | 22% | 27% | 19% | |

## Cost of goods sold | 47.8 m | 56 m | 66.5 m | 78.1 m |

## Gross profit | 64.5 m | 80.6 m | 106.6 m | 128.6 m |

## Gross profit Margin, % | 57% | 59% | 62% | 62% |

## Sales and marketing expense | 78.6 m | |||

## R&D expense | 31.7 m | |||

## General and administrative expense | 35.8 m | |||

## Operating expense total | 76.2 m | 94.1 m | 118.3 m | 146.1 m |

## EBIT | (11.7 m) | (13.5 m) | (11.7 m) | (17.4 m) |

## EBIT margin, % | (10%) | (10%) | (7%) | (8%) |

## Interest expense | 3.2 m | 506 k | 180 k | 267 k |

## Income tax expense | 2.1 m | 1 m | 791 k | 1.1 m |

## Net Income | (21.4 m) | (11.6 m) | (13.1 m) | (19 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 32.5 m | 35 m | 39.7 m | 41.6 m | 44.9 m | 48.4 m | 49.8 m | 52.5 m | 58.1 m |

## Cost of goods sold | 13.1 m | 15.6 m | 16 m | 15.9 m | 17.4 m | 18.2 m | 18.5 m | 20.2 m | 23 m |

## Gross profit | 19.4 m | 19.4 m | 23.7 m | 25.7 m | 27.6 m | 30.2 m | 31.3 m | 32.3 m | 35.2 m |

## Gross profit Margin, % | 60% | 55% | 60% | 62% | 61% | 62% | 63% | 62% | 61% |

## Sales and marketing expense | 11.8 m | 11.2 m | 13.7 m | 14.8 m | 14.9 m | 18.9 m | 19.7 m | 18.4 m | 22.7 m |

## R&D expense | 5 m | 4.9 m | 6 m | 6 m | 6.8 m | 7.2 m | 7.2 m | 8.6 m | 9.3 m |

## General and administrative expense | 5.1 m | 7.9 m | 7.4 m | 9.1 m | 7.9 m | 8.3 m | 9.3 m | 8.9 m | 9.4 m |

## Operating expense total | 22 m | 24 m | 27.2 m | 29.9 m | 29.6 m | 34.4 m | 36.2 m | 35.9 m | 41.4 m |

## EBIT | (3 m) | (4.9 m) | (3.6 m) | (4.3 m) | (2 m) | (4.6 m) | (5 m) | (3.6 m) | (6.8 m) |

## EBIT margin, % | (9%) | (14%) | (9%) | (10%) | (4%) | (9%) | (10%) | (7%) | (12%) |

## Interest expense | (154 k) | (38 k) | (67 k) | (56 k) | (26 k) | (43 k) | (39 k) | (48 k) | (19 k) |

## Pre tax profit | (5 m) | (3.8 m) | (2.1 m) | (4.4 m) | (5.3 m) | (3.7 m) | (6.7 m) | ||

## Income tax expense | 530 k | 261 k | 214 k | 165 k | 187 k | 156 k | 341 k | 258 k | 168 k |

## Net Income | 250 k | (5.2 m) | (4 m) | (4.7 m) | (2.2 m) | (4.5 m) | (5.7 m) | (3.9 m) | (6.9 m) |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 28.3 m | 34.2 m | 77.2 m | 148 m |

## Current Assets | 71.6 m | 89 m | 152.1 m | 261 m |

## PP&E | 11.4 m | 18.8 m | 20.5 m | 35.5 m |

## Goodwill | 31.2 m | 47 m | 50.1 m | 64 m |

## Total Assets | 134.2 m | 176.3 m | 241.6 m | 386.5 m |

## Accounts Payable | 3 m | 2.1 m | 3.6 m | 3.6 m |

## Current Liabilities | 64.4 m | 91.9 m | 101.8 m | 136.3 m |

## Total Liabilities | 92.1 m | 117.8 m | 112.8 m | 149.6 m |

## Additional Paid-in Capital | 315.4 m | 344.3 m | 428.8 m | 559.2 m |

## Retained Earnings | (259.2 m) | (270.7 m) | (283.9 m) | (302.8 m) |

## Total Equity | 42.1 m | 58.5 m | 128.8 m | 236.9 m |

## Financial Leverage | 3.2 x | 3 x | 1.9 x | 1.6 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 37.9 m | 37.4 m | 98.5 m | 72.3 m | 77.1 m | 81.8 m | 74.3 m | 167.1 m | 143.1 m |

## Current Assets | 78 m | 81 m | 150.1 m | 144.1 m | 143.7 m | 155.5 m | 152.2 m | 249.4 m | 255.4 m |

## PP&E | 13.6 m | 12.7 m | 20.6 m | 19.5 m | 20.2 m | 23.9 m | 25.9 m | 31.6 m | 42.1 m |

## Goodwill | 32.8 m | 45.7 m | 46.4 m | 47.1 m | 50.4 m | 49.8 m | 57.2 m | 56.7 m | 64.1 m |

## Total Assets | 143.9 m | 161.6 m | 237.4 m | 229.4 m | 234.3 m | 247.1 m | 258.4 m | 359.3 m | 385.4 m |

## Accounts Payable | 2.3 m | 3.6 m | 3.9 m | 3.2 m | 2.6 m | 3.4 m | 5.1 m | 3.6 m | 6.1 m |

## Current Liabilities | 68.2 m | 77.2 m | 90.5 m | 93.1 m | 96.5 m | 104.5 m | 115.5 m | 124.9 m | 143.1 m |

## Additional Paid-in Capital | 334.8 m | 339.7 m | 413.1 m | 418.5 m | 424.2 m | 435.6 m | 443 m | 538.2 m | 559.4 m |

## Retained Earnings | (261.4 m) | (266.6 m) | (274.8 m) | (279.5 m) | (281.7 m) | (288.4 m) | (294.1 m) | (298 m) | (309.7 m) |

## Total Equity | 124 m | 126.9 m | 130.8 m | 131.3 m | 222.2 m | 230.8 m | |||

## Financial Leverage | 1.8 x | 1.8 x | 1.9 x | 2 x | 1.6 x | 1.7 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (21.4 m) | (11.6 m) | (13.1 m) | (19 m) |

## Depreciation and Amortization | 4.5 m | 5.5 m | 6 m | 8 m |

## Accounts Receivable | (7.6 m) | (12 m) | (2.9 m) | (12.4 m) |

## Accounts Payable | (1.7 m) | (794 k) | 1.4 m | (1.1 m) |

## Cash From Operating Activities | 13.7 m | 9.2 m | 26.5 m | 29.8 m |

## Purchases of PP&E | (1.7 m) | (7.1 m) | (13.1 m) | (15.6 m) |

## Cash From Investing Activities | 2.5 m | (14 m) | (35.7 m) | (59.1 m) |

## Cash From Financing Activities | (4.3 m) | 11 m | 52.6 m | 100.8 m |

## Income Taxes Paid | 162 k | 182 k | 542 k | 757 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 250 k | (5.2 m) | (4 m) | (4.7 m) | (2.2 m) | (4.5 m) | (5.7 m) | (3.9 m) | (6.9 m) |

## Accounts Payable | 2.3 m | 3.6 m | 3.9 m | 3.2 m | 2.6 m | 3.4 m | 5.1 m | 3.6 m | 6.1 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 51.9 k |

## Financial Leverage | 1.7 x |

Callidus Software's Customers was reported to be 5.2 k in FY, 2016, which is a 13% increase from the previous period

- Source: SEC Filings

June 24, 2016

* Asset acquisition was an all cash transaction for $7.5
million