Concurrent Computer Financials

Summary - Funding Rounds

Founding Date

1966

Revenue/Financials

Income Statement

Annual

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

38.4 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)

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

17.2 m17.8 m18.3 m17.5 m16 m17.1 m13.4 m14.9 m15.5 m13.1 m15.5 m15 m

Cost of goods sold

7.7 m7.9 m8 m7.8 m7.2 m7 m5.5 m5.5 m7.5 m5.9 m6.1 m6.5 m

Gross profit

9.5 m10 m10.2 m9.7 m8.8 m10.1 m7.9 m9.4 m8 m7.2 m9.4 m8.5 m

Gross profit Margin, %

55%56%56%55%55%59%59%63%51%55%61%57%

Sales and marketing expense

3.5 m3.5 m3.6 m4 m3.5 m3.4 m3.4 m3.8 m4.3 m4.5 m4.4 m4 m

R&D expense

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

General and administrative expense

2 m1.9 m2 m2 m2.5 m1.7 m1.8 m2.2 m2.2 m2.3 m2.3 m3 m

Operating expense total

8.7 m8.8 m9 m8.8 m9.4 m8.6 m4.9 m9.7 m9.9 m10.1 m9.5 m10.1 m

EBIT

800 k1.1 m1.3 m849 k(608 k)1.5 m3 m(358 k)(1.9 m)(2.9 m)(48 k)(1.6 m)

EBIT margin, %

5%6%7%5%(4%)9%22%(2%)(12%)(22%)0%(10%)

Interest expense

16 k17 k9 k1 k1 k3 k1 k2 k

Interest income

14 k4 k2 k4 k2 k2 k3 k6 k16 k27 k13 k21 k

Pre tax profit

773 k1.1 m1.2 m564 k(694 k)1.5 m3.1 m(328 k)(1.6 m)(2.8 m)15 k(1.5 m)

Income tax expense

39 k(19 k)140 k177 k(123 k)679 k(117 k)(45 k)(442 k)128 k103 k142 k

Net Income

734 k1.1 m1.1 m387 k(571 k)784 k3.2 m(283 k)(1.2 m)(2.9 m)(88 k)(1.7 m)

Balance Sheet

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

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

Accounts Receivable

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

Short-term debt

Current Liabilities

15 m14.7 m17.3 m

Long-term debt

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

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

25.5 m25.1 m22.5 m26.2 m25.1 m26.8 m24.5 m21.3 m18.7 m19.3 m18.8 m15.8 m

Inventories

3 m3.9 m3.6 m3.1 m2.3 m3.9 m3 m3.2 m3.4 m2.7 m2 m2.9 m

Current Assets

39.7 m42.1 m45.7 m44.5 m41.1 m45.3 m40.8 m39.7 m40.1 m33.8 m29.9 m31.9 m

PP&E

3.2 m2.9 m3 m3.1 m2.4 m2.4 m2.8 m2.7 m2.8 m3.1 m2.8 m2.3 m

Total Assets

44.5 m46.5 m50.1 m61.9 m58.7 m62.3 m58.2 m57.1 m58.1 m39.2 m34.8 m36.3 m

Accounts Payable

5 m8 m9.3 m6.6 m6 m7.1 m6.2 m6.7 m9.2 m7.4 m5.9 m9.9 m

Current Liabilities

12.5 m14.3 m17.9 m15.1 m13 m17.1 m13 m13.2 m16.2 m15.4 m12.5 m16.6 m

Total Liabilities

18.8 m20.7 m24 m21.7 m20.1 m23.6 m19.5 m19.6 m22.8 m22.1 m18.8 m23 m

Additional Paid-in Capital

209 m209.2 m209.5 m209.9 m210.1 m210.4 m210.4 m210.6 m210.8 m211.2 m211.5 m211.7 m

Retained Earnings

(183.4 m)(183.5 m)(183.5 m)(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

25.7 m25.8 m26.1 m40.2 m38.6 m38.7 m38.7 m37.5 m35.3 m17.1 m16 m13.4 m

Financial Leverage

1.7 x1.8 x1.9 x1.5 x1.5 x1.6 x1.5 x1.5 x1.6 x2.3 x2.2 x2.7 x

Cash Flow

Annual

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

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

734 k1.1 m1.1 m387 k(571 k)784 k3.2 m2.9 m1.7 m(2.9 m)(3 m)(4.7 m)

Depreciation and Amortization

431 k861 k1.3 m458 k920 k1.3 m

Accounts Receivable

(219 k)(1.8 m)(4.3 m)4.7 m7.1 m6.1 m

Inventories

3.1 m2.3 m3.9 m499 k245 k106 k768 k1.3 m367 k

Accounts Payable

6.6 m6 m7.1 m(667 k)44 k2.6 m(2 m)(3.2 m)786 k

Cash From Operating Activities

(2.1 m)(3.6 m)(4.6 m)430 k1.6 m2.2 m

Purchases of PP&E

(448 k)(1 m)(1.6 m)(347 k)(537 k)(719 k)

Cash From Investing Activities

2.3 m(347 k)(537 k)(3.1 m)

Dividends Paid

(1.1 m)(2.3 m)(3.4 m)(1.1 m)(2.3 m)(3.4 m)

Cash From Financing Activities

(1.1 m)(2.3 m)(3.4 m)(1.1 m)(2.3 m)(3.4 m)

Interest Paid

1 k1 k2 k1 k1 k4 k

Income Taxes Paid

225 k300 k502 k500 k518 k793 k
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Operating Metrics

FY, 2016

Patent Applications

29

Patents (US)

12
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