$2.1 B

CISN Mkt cap, 14-Sep-2018

$179.3 M

Cision Revenue Q1, 2018
Cision Gross profit (Q1, 2018)115 M
Cision Gross profit margin (Q1, 2018), %64.1%
Cision Net income (Q1, 2018)-413 K
Cision EBIT (Q1, 2018)12.2 M
Cision Cash, 31-Mar-2018107.8 M
Cision EV3.3 B

Cision Revenue

Cision revenue was $631.64 m in FY, 2017 which is a 35% year over year increase from the previous period.

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Cision Revenue Breakdown

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Cision revenue breakdown by geographic segment: 8.2% from Rest of Americas, 22.8% from EMEA, 65.0% from Americas – U.S. and 4.0% from Other

Cision Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

334 m467.8 m631.6 m

Revenue growth, %

40%35%

Cost of goods sold

125 m162.6 m200.8 m

Gross profit

209 m305.2 m430.8 m

Gross profit Margin, %

63%65%68%

Sales and marketing expense

71.6 m92.6 m114.8 m

R&D expense

16.6 m19.4 m22.1 m

General and administrative expense

88.4 m135.7 m166.8 m

Operating expense total

236.6 m324.8 m392.8 m

Depreciation and amortization

59.9 m77.1 m89.2 m

EBIT

(27.6 m)(19.6 m)38 m

EBIT margin, %

(8%)(4%)6%

Interest expense

61.4 m118 m116.5 m

Interest income

5.8 m831 k2.1 m

Pre tax profit

(94.2 m)(154.1 m)(133.6 m)

Income tax expense

(3.6 m)(55.7 m)(10.6 m)

Net Income

(90.5 m)(98.4 m)(123 m)

Quarterly

USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

90.8 m150.8 m145.8 m157.1 m159.7 m179.3 m

Cost of goods sold

32.1 m51.6 m45.1 m49.2 m53.3 m64.3 m

Gross profit

58.7 m99.2 m100.8 m107.9 m106.4 m115 m

Gross profit Margin, %

65%66%69%69%67%64%

Sales and marketing expense

18.7 m28.8 m27.3 m28 m27.9 m29.7 m

R&D expense

3.8 m7.1 m5.5 m5.6 m5.7 m6.7 m

General and administrative expense

36 m44.4 m40.2 m41.5 m36.1 m46.2 m

Operating expense total

72.5 m106.3 m73 m97.5 m92.5 m82.6 m

Depreciation and amortization

14 m26 m21 m22.5 m22.8 m20.3 m

EBIT

(13.8 m)(7.1 m)6.8 m10.4 m13.9 m12.2 m

EBIT margin, %

(15%)(5%)5%7%9%7%

Interest expense

20.4 m46.5 m36.9 m36.3 m23.1 m19.7 m

Interest income

235 k382 k2 m224 k177 k

Pre tax profit

(54 m)(52.7 m)(30 m)(26.4 m)(60.1 m)(18.1 m)

Income tax expense

(33.1 m)(13.2 m)(7.1 m)(7.2 m)(13.7 m)(17.7 m)

Net Income

(21 m)(39.5 m)(23 m)(19.1 m)(46.4 m)(413 k)

Cision Balance Sheet

Annual

USDFY, 2016FY, 2017

Cash

35.1 m148.7 m

Accounts Receivable

87.6 m113 m

Prepaid Expenses

16.2 m19.8 m

Current Assets

139.6 m281.6 m

PP&E

47.9 m53.6 m

Goodwill

1.1 b1.1 b

Total Assets

1.8 b1.9 b

Accounts Payable

8.7 m13.3 m

Short-term debt

11.2 m13.3 m

Current Liabilities

663.6 m266.4 m

Long-term debt

1.4 b1.3 b

Non-Current Liabilities

1.5 b1.4 b

Total Debt

1.4 b1.3 b

Total Liabilities

2.1 b1.6 b

Common Stock

3 k12 k

Additional Paid-in Capital

11.4 m771.8 m

Retained Earnings

(297.3 m)(420.3 m)

Total Equity

(359.8 m)316.4 m

EPS

(3.5 )(1.6 )

Debt to Equity Ratio

-3.9 x4 x

Debt to Assets Ratio

0.8 x0.7 x

Financial Leverage

-5 x6.1 x

Quarterly

USDQ2, 2017Q3, 2017Q1, 2018

Cash

337.7 m76.7 m107.8 m

Accounts Receivable

100.1 m97.5 m127.4 m

Prepaid Expenses

20.3 m18.7 m24 m

Current Assets

458.1 m193 m259.3 m

PP&E

55.4 m55.1 m55.4 m

Goodwill

1.1 b1.1 b1.2 b

Total Assets

2.1 b1.8 b2 b

Accounts Payable

14.6 m14.3 m14.1 m

Short-term debt

11.4 m12.6 m13.4 m

Current Liabilities

241.8 m234.9 m297.7 m

Long-term debt

1.4 b1.2 b1.3 b

Non-Current Liabilities

1.5 b1.3 b

Total Debt

1.4 b1.2 b1.3 b

Total Liabilities

1.7 b1.5 b1.6 b

Common Stock

12 k12 k12 k

Additional Paid-in Capital

769.6 m770.6 m793.3 m

Retained Earnings

(339.4 m)(385.9 m)(421.8 m)

Total Equity

378.9 m346.8 m343.5 m

EPS

(0.6 )(0.4 )

Debt to Equity Ratio

3.8 x3.5 x

Debt to Assets Ratio

0.7 x0.7 x

Financial Leverage

5.6 x5.3 x5.8 x

Cision Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017

Net Income

(90.5 m)(98.4 m)(123 m)

Depreciation and Amortization

104 m127 m139.5 m

Accounts Receivable

4.6 m(1.5 m)(6.3 m)

Accounts Payable

(1.6 m)(807 k)(3.8 m)

Cash From Operating Activities

22.4 m17.4 m68.8 m

Purchases of PP&E

(5.2 m)(7.4 m)(10.7 m)

Cash From Investing Activities

(10.7 m)(819.4 m)(80 m)

Short-term Borrowings

(38.5 m)

Cash From Financing Activities

(8.6 m)808.4 m121.9 m

Net Change in Cash

2 m4.5 m113.5 m

Interest Paid

48.1 m94.6 m102.4 m

Income Taxes Paid

4.7 m5.6 m10.3 m

Quarterly

USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(35.1 m)(74.7 m)(23 m)(42.1 m)(88.6 m)(413 k)

Depreciation and Amortization

47 m87.6 m32.6 m67.3 m103.4 m33.3 m

Accounts Receivable

5.7 m5.9 m1.6 m4.1 m7 m(6.8 m)

Accounts Payable

729 k1.9 m(625 k)(1.4 m)(2.1 m)(443 k)

Cash From Operating Activities

(18.4 m)2.7 m12.8 m18.1 m38.3 m36.3 m

Purchases of PP&E

(1.2 m)(3.5 m)(3.5 m)(5.3 m)(7.7 m)(3.7 m)

Cash From Investing Activities

(812.2 m)(813.4 m)(33 m)(43.4 m)(49.8 m)(71.5 m)

Short-term Borrowings

(2.8 m)(38.5 m)(3.4 m)

Cash From Financing Activities

833.3 m811.2 m26 m326.4 m50.8 m(6.4 m)

Net Change in Cash

2.2 m(255 k)6.2 m302.5 m41.6 m(40.8 m)

Cision Ratios

USDY, 2018

EV/EBIT

268.7 x

EV/CFO

90 x

Financial Leverage

5.8 x
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Cision Operating Metrics

Cision's Customers was reported to be 75 k in FY, 2017.
FY, 2017

Countries

170

Customers

75 k

Daily Stories

2 m

Data Sources

200 k

Languages

40

Locations

48

Media Contacts

1.60 m

Unique Updates per Day

20 k
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