Covisint

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)
Type
Public
HQ
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 Financials and Metrics

Covisint Financials

Covisint's revenue was reported to be $70.2 m in FY, 2017
USD

Revenue (FY, 2017)

70.2 m

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

(8%)

Gross profit (FY, 2017)

37 m

Gross profit margin (FY, 2017), %

53%

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.
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
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%
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

49.5 m50.1 m39.7 m33.2 m

Accounts Receivable

21.8 m15.3 m12.8 m

Current Assets

81.2 m72.8 m56.3 m44.2 m

PP&E

7.8 m5.1 m
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
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(14.9 m)(12.7 m)

Depreciation and Amortization

6.8 m7.2 m

Accounts Receivable

2.5 m4.7 m

Accounts Payable

(4.2 m)(2.8 m)
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 Receivable

18.7 m12.8 m12.6 m9.6 m8.9 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
Show all financial metrics

Covisint Market Value History

Covisint Median Salaries

Source: 43 public H-1B filings from Covisint

Traffic Overview of Covisint

Covisint Online and Social Media Presence

Covisint Company Life and Culture

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