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.

Company Growth (employees)
Southfield, US
Size (employees)
297 (est)-12%
Covisint is headquartered in Southfield, US

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
Shanghai, CN
4th Floor, Hong Qiao Center Building, Block 2, Lane 631, Jin Zhong Rd, Chang Ning District
Staines Upon Thames, GB
London Road, Staines Upon Thames
Neu Isenburg, DE
34 Dornhofstraße
San Francisco, US
600 121 2nd St

Covisint Data and Metrics

Covisint Financial Metrics

Covisint's revenue was reported to be $76 m in FY, 2016 which is a 14% decrease from the previous period.

Revenue (FY, 2016)

76 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

41.1 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(14.9 m)

EBIT (FY, 2016)

(14.7 m)

Market capitalization (23-Jun-2017)

99.1 m

Closing share price (23-Jun-2017)


Cash (31-Mar-2016)

39.7 m
Covisint's current market capitalization is $99.1 m.
USDFY, 2014FY, 2015FY, 2016


97.1 m88.5 m76 m

Revenue growth, %


Cost of goods sold

35 m

Gross profit

40.8 m22.1 m41.1 m

Gross profit Margin, %


Operating expense total

76.3 m60.6 m55.8 m


(35.6 m)(38.5 m)(14.7 m)

EBIT margin, %


Income tax expense

189 k

Net Income

(35.7 m)(38.6 m)(14.9 m)
USDFY, 2014FY, 2015FY, 2016


49.5 m50.1 m39.7 m

Accounts Receivable

21.8 m15.3 m12.8 m

Current Assets

81.2 m72.8 m56.3 m


7.8 m


25.4 m25.4 m25.4 m

Total Assets

141.4 m121.8 m102 m

Accounts Payable

3.9 m7.7 m5.1 m

Current Liabilities

25.9 m34 m24.5 m

Additional Paid-in Capital

140.6 m157 m162 m

Retained Earnings

(38.9 m)(75.6 m)(90.5 m)

Total Equity

101.6 m81.3 m71.3 m

Financial Leverage

1.4 x1.5 x1.4 x
USDFY, 2014FY, 2015FY, 2016

Net Income

(14.9 m)

Depreciation and Amortization

6.8 m

Accounts Receivable

2.5 m

Accounts Payable

(4.2 m)

Cash From Operating Activities

48.6 m541 k(10.4 m)

Cash From Investing Activities

(8 m)

Cash From Financing Activities

1.5 m
USDY, 2016


199 k

Financial Leverage

1.4 x

Covisint Market Value History

Covisint Median Salaries

Source: 43 public H-1B filings from Covisint

Covisint Online and Social Media Presence

Covisint News and Updates

Covisint Company Life and Culture

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