Covisint provides an open, developer-friendly, enterprise-class cloud platform to facilitate the rapid development and deployment of Internet of Things, Identity Management, and collaboration solutions. The platform enables users to securely identify, authenticate and connect users, devices, applications, and information.

Type
Public
HQ
Southfield, US
Size (employees)
297 (est)-12%
Covisint is headquartered in Southfield, US
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Covisint Office Locations

Covisint has offices in Southfield, San Francisco, Neu-Isenburg, Staines-upon-Thames and in 1 other location
Southfield, US (HQ)
500 26533 Evergreen Rd
San Francisco, US
600 121 2nd St
Shanghai, CN
4th floor, Hong Qiao Center Building, Block 2, Lane 631, Jin Zhong Rd, Chang Ning District
Neu-Isenburg, DE
34 Dornhofstraße
Staines-upon-Thames, GB
London Road, Staines-Upon-Thames
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Covisint Financials and Metrics

Covisint Financials

Covisint's revenue was reported to be $70.24 m in FY, 2017 which is a 7.6% decrease from the previous period.
USD

Revenue (FY, 2017)

70.2 m

Revenue growth (FY, 2016 - FY, 2017), %

(7.6%)

Gross profit (FY, 2017)

37 m

Gross profit margin (FY, 2017), %

52.6%

Net income (FY, 2017)

(12.7 m)

EBIT (FY, 2017)

(12.7 m)

Market capitalization (26-Jul-2017)

99.8 m

Cash (31-Mar-2017)

33.2 m
Covisint's current market capitalization is $99.8 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

97.1 m88.5 m76 m70.2 m

Revenue growth, %

(9%)(14%)(8%)

Cost of goods sold

35 m33.3 m

Gross profit

41.1 m37 m
Quarterly
USDQ1, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

21.6 m18.5 m18.4 m19.2 m17.4 m17.2 m16.6 m

Cost of goods sold

15.3 m9.8 m8.5 m8.8 m8.2 m8.9 m8.5 m

Gross profit

6.3 m8.7 m9.9 m10.3 m9.2 m8.3 m8.1 m

Gross profit Margin, %

29%47%54%54%53%48%49%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

49.5 m50.1 m39.7 m33.2 m

Accounts Receivable

21.8 m15.3 m12.8 m

Inventories

Current Assets

81.2 m72.8 m56.3 m44.2 m
Quarterly
USDQ1, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

43.1 m47.2 m41.7 m37.6 m41.8 m34.8 m30.4 m

Accounts Receivable

18.7 m12.8 m12.6 m9.6 m8.9 m

Current Assets

73.3 m66.1 m59.4 m51.6 m54.3 m46.8 m41.6 m

PP&E

7.1 m6.5 m5.7 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(14.9 m)(12.7 m)

Depreciation and Amortization

6.8 m7.2 m

Inventories

Accounts Payable

(4.2 m)(2.8 m)
Quarterly
USDQ1, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(12.1 m)(6.6 m)(4.1 m)(4.1 m)(5 m)(4.9 m)(4.4 m)

Accounts Payable

4 m5.3 m6.1 m5 m5.2 m4.7 m6.3 m
USDY, 2017

Revenue/Employee

221.2 k

Financial Leverage

1.4 x
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