Carbon Black (CBLK) Financials

$1.5 B

Mkt cap, 25-May-2018

$162 M

Revenue FY, 2017
Revenue growth (FY, 2016 - FY, 2017), %39%
Gross profit (FY, 2017)126.4 M
Gross profit margin (FY, 2017), %78%
Net income (FY, 2017)-55.8 M
EBIT (FY, 2017)-55.2 M
Cash, 31-Dec-201736.1 M

Revenue/Financials

Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

70.6 m116.2 m162 m

Revenue growth, %

65%39%

Cost of goods sold

13.3 m21 m35.6 m

Gross profit

57.3 m95.2 m126.4 m

Gross profit Margin, %

81%82%78%

Sales and marketing expense

55.4 m81 m107.2 m

R&D expense

24 m36.5 m52 m

General and administrative expense

14.4 m23.3 m22.3 m

Operating expense total

93.9 m140.8 m181.6 m

EBIT

(36.6 m)(45.6 m)(55.2 m)

EBIT margin, %

(52%)(39%)(34%)

Interest expense

821 k680 k141 k

Interest income

4 k162 k173 k

Pre tax profit

(38.7 m)(46.7 m)(55.7 m)

Income tax expense

(2.2 m)78 k

Net Income

(38.7 m)(44.6 m)(55.8 m)

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

24.3 m27.4 m30.3 m36.8 m39.1 m41.4 m

Cost of goods sold

4.4 m4.9 m5.6 m4.4 m4.9 m5.6 m

Gross profit

19.9 m22.6 m24.7 m32.4 m34.2 m35.8 m

Gross profit Margin, %

82%82%81%88%88%86%

Sales and marketing expense

17.3 m19.5 m21.3 m25.3 m25.7 m26.9 m

R&D expense

7.5 m8.2 m10.1 m11.5 m12.6 m13.7 m

General and administrative expense

5.4 m6.5 m5.6 m4.9 m5.4 m5.7 m

Operating expense total

30.2 m34.2 m37 m41.8 m43.7 m46.3 m

EBIT

(10.3 m)(11.7 m)(12.3 m)(12.6 m)(13 m)(14.7 m)

EBIT margin, %

(42%)(42%)(41%)(34%)(33%)(36%)

Interest expense

175 k165 k136 k15 k21 k

Interest income

31 k

Pre tax profit

(10.6 m)(12.2 m)(12.5 m)(12.5 m)(12.9 m)(14.6 m)

Income tax expense

(2.2 m)20 k17 k69 k22 k

Net Income

(10.6 m)(9.9 m)(12.5 m)(12.6 m)(13 m)(14.6 m)

Balance Sheet

Annual

USDFY, 2016FY, 2017

Cash

51.5 m36.1 m

Accounts Receivable

43.6 m60.9 m

Prepaid Expenses

4.7 m6 m

Current Assets

109.3 m118.2 m

PP&E

11.8 m12.5 m

Goodwill

119.7 m119.7 m

Total Assets

254.1 m260.6 m

Accounts Payable

2.8 m2.5 m

Short-term debt

5.5 m

Current Liabilities

123.2 m154.5 m

Total Debt

5.5 m

Total Liabilities

143.1 m192.4 m

Common Stock

20 k22 k

Preferred Stock

304.6 m334.7 m

Additional Paid-in Capital

30.4 m13.4 m

Retained Earnings

(224.1 m)(279.9 m)

Total Equity

(193.7 m)(266.5 m)

Financial Leverage

-1.3 x-1 x

Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017

Net Income

(38.7 m)(44.6 m)(55.8 m)

Depreciation and Amortization

3.3 m7.9 m7.1 m

Accounts Receivable

(7.6 m)(13.7 m)(16.9 m)

Accounts Payable

101 k991 k(696 k)

Cash From Operating Activities

(4.1 m)(33.1 m)(7.7 m)

Purchases of PP&E

(8.9 m)(5.8 m)(5.1 m)

Cash From Investing Activities

(12.9 m)2.2 m(6.1 m)

Short-term Borrowings

(130 k)(94 k)(5.5 m)

Long-term Borrowings

(6 m)

Cash From Financing Activities

59.2 m15.4 m(1.7 m)

Net Change in Cash

42.2 m(15.5 m)(15.4 m)

Interest Paid

600 k543 k127 k

Ratios

USDY, 2017

Revenue/Employee

190.3 k

Financial Leverage

-1 x
Report incorrect company information

Operating Metrics

Carbon Black's Enterprise Customers was reported to be 3.7 k in FY, 2017.
FY, 2015Oct, 2016FY, 2016Dec, 2017FY, 2017

Enterprise Customers

1.77 k1 k2.52 k3.50 k3.74 k

Billings

$98.84 m$144.03 m$212.80 m

Recurring Revenue

$54.34 m$96.59 m$143.06 m

Endpoints Managed

14 m
Report incorrect company information