Concurrent Computer

Concurrent is a global software and solutions provider that develops content delivery and real-time applications on a core foundation of high-performance Linux® and storage technologies. The company serves industries and customers that demand uncompromising performance, reliability, and flexibility to gain a competitive edge, drive meaningful growth, and power brighter ideas that enrich the lives of millions of people around the world every day. Concurrent works closely with service providers, aerospace and defense organizations, automotive manufacturers, and a diverse range of companies in the manufacturing, financial, energy, and healthcare markets to launch innovative solutions and help achieve their most ambitious endeavors. Offices are located in North America, Europe and Asia.
Company Growth (employees)
Type
Public
HQ
Duluth, US
Founded
1966
Size (employees)
236 (est)
Concurrent Computer was founded in 1966 and is headquartered in Duluth, US

Concurrent Computer Office Locations

Concurrent Computer has offices in Duluth and Pompano Beach
Duluth, US (HQ)
100 4375 River Green Pkwy
Pompano Beach, US
2881 Gateway Dr

Concurrent Computer Data and Metrics

Concurrent Computer Financial Metrics

Concurrent Computer's revenue was reported to be $15 m in Q3, 2017
USD

Revenue (Q3, 2017)

15 m

Gross profit (Q3, 2017)

8.5 m

Gross profit margin (Q3, 2017), %

57%

Net income (Q3, 2017)

(1.7 m)

EBIT (Q3, 2017)

(1.6 m)

Market capitalization (15-Aug-2017)

61.5 m

Cash (31-Mar-2017)

15.8 m
Concurrent Computer's current market capitalization is $61.5 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

71.2 m64.5 m61.1 m

Revenue growth, %

(9%)(5%)

Cost of goods sold

20.4 m18.8 m17.1 m

Gross profit

50.8 m45.7 m44.1 m

Gross profit Margin, %

71%71%72%

Sales and marketing expense

15.7 m

R&D expense

14.3 m

General and administrative expense

8.4 m

Operating expense total

35.1 m35.4 m34.3 m

EBIT

5.3 m946 k1.9 m

EBIT margin, %

7%1%3%

Interest expense

42 k2 k

Interest income

27 k12 k167 k

Pre tax profit

5.1 m340 k2.8 m

Income tax expense

(13.4 m)778 k13.9 m

Net Income

18.5 m(345 k)(11.1 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

17.5 m16 m17.1 m13.4 m14.9 m15.5 m13.1 m15.5 m15 m

Cost of goods sold

7.8 m7.2 m7 m5.5 m5.5 m7.5 m5.9 m6.1 m6.5 m

Gross profit

9.7 m8.8 m10.1 m7.9 m9.4 m8 m7.2 m9.4 m8.5 m

Gross profit Margin, %

55%55%59%59%63%51%55%61%57%

Sales and marketing expense

4 m3.5 m3.4 m3.4 m3.8 m4.3 m4.5 m4.4 m4 m

R&D expense

3.3 m3.4 m3.5 m3.8 m3.8 m3.5 m3.3 m2.8 m3.1 m

General and administrative expense

2 m2.5 m1.7 m1.8 m2.2 m2.2 m2.3 m2.3 m3 m

Operating expense total

9.2 m9.4 m8.6 m9 m9.7 m9.9 m10.1 m9.5 m10.1 m

EBIT

849 k(608 k)1.5 m3 m(358 k)(1.9 m)(2.9 m)(48 k)(1.6 m)

EBIT margin, %

5%(4%)9%22%(2%)(12%)(22%)(0%)(10%)

Interest expense

(1 k)(1 k)(3 k)(1 k)(2 k)

Interest income

4 k2 k2 k3 k6 k16 k27 k13 k21 k

Pre tax profit

564 k(694 k)1.5 m3.1 m(328 k)(1.6 m)(2.8 m)15 k(1.5 m)

Income tax expense

177 k(123 k)679 k(117 k)(45 k)(442 k)128 k103 k142 k

Net Income

387 k(571 k)784 k3.2 m(283 k)(1.2 m)(2.9 m)(88 k)(1.7 m)
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

31.4 m27.8 m29.6 m27.9 m28.1 m25.5 m20.3 m

Inventories

804 k3.4 m3.5 m

Current Assets

45 m41.2 m39.9 m

PP&E

3.1 m2.4 m3.1 m

Total Assets

62.4 m57.9 m45.2 m

Accounts Payable

7.6 m6.3 m9.2 m

Current Liabilities

15 m14.7 m17.3 m

Additional Paid-in Capital

209.7 m210.5 m211 m

Retained Earnings

(169 m)(173.8 m)(189.3 m)

Total Equity

40.5 m36.6 m21 m

Financial Leverage

1.5 x1.6 x2.2 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

26.2 m25.1 m26.8 m24.5 m21.3 m18.7 m19.3 m18.8 m15.8 m

Inventories

3.1 m2.3 m3.9 m3 m3.2 m3.4 m2.7 m2 m2.9 m

Current Assets

44.5 m41.1 m45.3 m40.8 m39.7 m40.1 m33.8 m29.9 m31.9 m

PP&E

3.1 m2.4 m2.4 m2.8 m2.7 m2.8 m3.1 m2.8 m2.3 m

Total Assets

61.9 m58.7 m62.3 m58.2 m57.1 m58.1 m39.2 m34.8 m36.3 m

Accounts Payable

6.6 m6 m7.1 m6.2 m6.7 m9.2 m7.4 m5.9 m9.9 m

Current Liabilities

15.1 m13 m17.1 m13 m13.2 m16.2 m15.4 m12.5 m16.6 m

Additional Paid-in Capital

209.9 m210.1 m210.4 m210.4 m210.6 m210.8 m211.2 m211.5 m211.7 m

Retained Earnings

(169.7 m)(171.4 m)(171.7 m)(171.5 m)(172.9 m)(175.3 m)(193.4 m)(194.6 m)(197.4 m)

Total Equity

40.2 m38.6 m38.7 m38.7 m37.5 m35.3 m17.1 m16 m13.4 m

Financial Leverage

1.5 x1.5 x1.6 x1.5 x1.5 x1.6 x2.3 x2.2 x2.7 x
USDFY, 2014FY, 2015FY, 2016

Net Income

18.5 m(345 k)(11.1 m)

Depreciation and Amortization

2.3 m1.8 m1.7 m

Accounts Receivable

(674 k)432 k(4.8 m)

Inventories

(461 k)(336 k)(43 k)

Accounts Payable

(979 k)2.5 m

Cash From Operating Activities

6.8 m3.5 m(2.2 m)

Purchases of PP&E

(1.9 m)(1.9 m)(2.3 m)

Cash From Investing Activities

(1.9 m)(1.3 m)1.2 m

Dividends Paid

(4.5 m)(4.5 m)(4.5 m)

Cash From Financing Activities

(4.6 m)(4.5 m)(4.5 m)

Interest Paid

25 k7 k3 k

Income Taxes Paid

(90 k)574 k511 k
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

387 k(571 k)784 k3.2 m(283 k)(1.2 m)(2.9 m)(88 k)(1.7 m)

Inventories

3.1 m2.3 m3.9 m3 m3.2 m3.4 m2.7 m2 m2.9 m

Accounts Payable

6.6 m6 m7.1 m6.2 m6.7 m9.2 m7.4 m5.9 m9.9 m
USDY, 2017

Revenue/Employee

63.5 k

Financial Leverage

2.7 x

Concurrent Computer Operating Metrics

Concurrent Computer's Patent Applications was reported to be 29 in FY, 2016
FY, 2016

Patents (US)

12

Patent Applications

29

Concurrent Computer Market Value History

Concurrent Computer Revenue Breakdown

Concurrent Computer Median Salaries

Source: 22 public H-1B filings from Concurrent Computer

Traffic Overview of Concurrent Computer

Concurrent Computer Online and Social Media Presence

Concurrent Computer News and Updates

BRIEF-Julian Singer in discussions with Concurrent Computer management regarding board representation

* Julian Singer Plans to continue to engage, in discussions with concurrent computer management and board regarding board representation - sec filing

Concurrent Computer Company Life and Culture

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