Carbonite provides cloud and hybrid backup solutions. The Company's solutions are designed to address the specific needs of small and medium-sized businesses and individuals. The Company's suite of solutions includes Carbonite Personal, an unlimited cloud backup for one computer at three different service levels for individuals; Carbonite Pro, the Company's small business workstation solutions automatically back up files to the cloud and include an unlimited number of devices for an annual flat fee based on the amount of storage needed, and Carbonite Server Backup, the Company's hybrid server backup solution that protects an unlimited number of servers, databases and live applications, and offers management capabilities.
Type
Public
HQ
Boston, US
Founded
2005
Size (employees)
941 (est)+15%
Carbonite was founded in 2005 and is headquartered in Boston, US
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Key People/Management at Carbonite

Mohamad Ali

Mohamad Ali

President and Chief Executive Officer
Larry Friedman

Larry Friedman

Chief Technology Officer
Paul Mellinger

Paul Mellinger

Senior Vice President of Sales
Deepak Mohan

Deepak Mohan

Senior Vice President of Products and Engineering
Anthony Folger

Anthony Folger

Chief Financial Officer and Treasurer
Norman Guadagno

Norman Guadagno

Senior Vice President of Marketing
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Carbonite Office Locations

Carbonite has offices in Worcester, Chicago, Salt Lake City, Indianapolis and in 6 other locations
Boston, US (HQ)
2 Ave de Lafayette
Zürich, CH
31A Dreikönigstrasse
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Carbonite Financials and Metrics

Carbonite Financials

Carbonite's revenue was reported to be $239.46 m in FY, 2017 which is a 15.7% increase from the previous period.
USD

Revenue (Q1, 2018)

64 m

Gross profit (Q1, 2018)

45.7 m

Gross profit margin (Q1, 2018), %

71.4%

Net income (Q1, 2018)

11.9 m

EBIT (Q1, 2018)

(2.9 m)

Market capitalization (14-Jun-2018)

1.2 b

Closing share price (14-Jun-2018)

40.5

Cash (31-Mar-2018)

71 m

EV

1.3 b
Carbonite's current market capitalization is $1.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

122.6 m136.6 m207 m239.5 m

Revenue growth, %

14%11%52%16%

Cost of goods sold

38.6 m38.8 m60.9 m70.1 m

Gross profit

84.1 m97.8 m146 m169.4 m
Quarterly
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

46.1 m63.9 m59.2 m128.2 m

Accounts Receivable

2.4 m3.7 m16.6 m22.2 m

Prepaid Expenses

5.2 m3.2 m7.3 m6.8 m

Current Assets

69.6 m72 m83.3 m157.3 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

55.3 m57.4 m56.5 m59 m60.9 m61.6 m41 m43.2 m49.1 m41.8 m125.1 m119.4 m71 m

Accounts Receivable

2.1 m2.2 m2.4 m3.1 m3.4 m3.5 m12.7 m17.2 m17 m21.9 m23.5 m23.4 m31.2 m

Prepaid Expenses

3.2 m3.6 m5.3 m6.3 m4.2 m3.9 m10.5 m7.5 m6.9 m7.6 m7.9 m6.7 m8.7 m

Current Assets

75.3 m78.2 m79.2 m74.8 m72.8 m70 m65.4 m68 m73.2 m71.3 m156.5 m149.5 m110.8 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(9.4 m)(21.6 m)(4.1 m)(4 m)

Depreciation and Amortization

12.5 m13.6 m15.9 m21.7 m

Accounts Payable

2 m2.9 m(3.3 m)5 m

Cash From Operating Activities

22.7 m13.2 m13.2 m31.3 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(982 k)(3.5 m)(4.2 m)(6.2 m)(11.1 m)(17 m)(4.7 m)(3.5 m)(3.4 m)7.6 m1.2 m(2.4 m)11.9 m

Depreciation and Amortization

3.2 m6.3 m9.4 m3.4 m6.8 m10.3 m4.3 m8.4 m12.2 m4.9 m10.4 m16 m6.1 m

Accounts Payable

(799 k)759 k(587 k)1.2 m418 k1.3 m2.5 m(4.1 m)(5.2 m)3.3 m627 k346 k(4.2 m)

Cash From Operating Activities

7.3 m10.6 m14.6 m2.6 m6.5 m8.5 m(6.8 m)(1.7 m)3.4 m2.5 m10.6 m17.5 m3.3 m
USDY, 2018

EV/EBIT

-440.9 x

EV/CFO

392 x

Debt/Equity

3 x

Debt/Assets

0.4 x

Financial Leverage

6.8 x

P/E Ratio

101.3
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Carbonite Operating Metrics

Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

Bookings

$32.50 m$30.60 m$30.60 m$34.50 m$128.20 m$36.90 m$35.70 m$34.20 m$37.40 m$144.10 m$52.30 m$53.70 m$49.20 m$54 m$209.30 m$62.10 m$63.90 m$59.67 m$245.86 m$67.59 m

Patents Issued

8 27 33

Patents Pending

18 20 24

Countries

30 30 40 40
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Carbonite Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Mozy February 13, 2018$145.80 m
Datacastle August 22, 2017
Double-Take Software January 31, 2017$65 m
EVault December 16, 2015$14 m
MailStore December 15, 2014$20 m
Zmanda October 18, 2012
Phanfare June 15, 2011
Cabonite GmbH
Carbonite (China) Co., Ltd.
Carbonite China Holdings, LLC
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Carbonite Revenue Breakdown

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Carbonite revenue breakdown by geographic segment: 12.7% from International and 87.3% from United States

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Carbonite Online and Social Media Presence

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Carbonite News and Updates

Data Protection and Recovery Software Market Detailed Analytical Overview by 2026

Persistence Market Research has announced the addition of the “Data Protection and Recovery Software Market: Global Industry Analysis and Opportunity Assessment, 2016-2026"report to their offering Posted via Industry Today. Follow us on Twitter @IndustryToday

Synology’s C2 backup services goes live to users worldwide

If you know about Synology, chances are you know about its network attaches storage (NAS) hardware. Over the course of the last few years, the company made a name for itself as one of the premiere NAS providers for consumers and small businesses who want to make local backups of their data or make i…

Dell to sell its Mozy cloud backup division to Carbonite in $145M deal

Dell Technologies Inc. is offloading another of the divisions that it absorbed through the $67 billion acquisition of EMC Corp. in 2016. Carbonite Inc., a publicly traded provider of cloud backup services, revealed on Tuesday that it has reached a deal with the data center giant to acquire the latte…

Calvary Chapel Church Finds The Perfect PTZ Camera

Calvary Chapel Church is what people call a “mega-church,” with a central location and regional campuses connected via fiber optics.
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