Crossroads Systems

Crossroads Systems, Inc. is an intellectual property licensing company. The Company owns patents on storage networking equipment and data archiving systems used to manage and protect critical data. Its products include StrongBox (network attached storage appliance that uses linear tape file system technology), RVA (monitoring tape media and the condition of disk drives), and SPHiNX (protecting data by working as a network attached storage device or virtual tape library).

Type
Public
HQ
Austin, US
Founded
1996
Size (employees)
48 (est)
Crossroads Systems was founded in 1996 and is headquartered in Austin, US

Key People at Crossroads Systems

Richard Coleman Jr

Richard Coleman Jr

CEO
Jennifer Crane

Jennifer Crane

CFO

Crossroads Systems Office Locations

Crossroads Systems has an office in Austin
Austin, US (HQ)
150 11000 N Mopac Expy

Crossroads Systems Data and Metrics

Crossroads Systems Financial Metrics

Crossroads Systems's revenue was reported to be $674 k in FY, 2016
USD

Net income (Q2, 2017)

(83 k)

EBIT (Q2, 2017)

(482 k)

Market capitalization (22-Aug-2017)

2.3 m

Cash (30-Apr-2017)

1.7 m
Crossroads Systems's current market capitalization is $2.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

12.6 m11.1 m7.8 m674 k

Revenue growth, %

(12%)(30%)(91%)

Cost of goods sold

3.2 m2.1 m2 m170 k

Gross profit

9.5 m9.1 m5.8 m504 k

Gross profit Margin, %

75%81%74%75%

Sales and marketing expense

6.9 m3.7 m3.2 m

R&D expense

10.5 m5.7 m4.8 m

General and administrative expense

4.7 m5.2 m9.3 m5.9 m

Operating expense total

22.1 m14.6 m17.3 m5.9 m

EBIT

(12.7 m)(5.5 m)(11.5 m)(5.4 m)

EBIT margin, %

(100%)(49%)(147%)(805%)

Interest expense

909 k815 k384 k

Net Income

(12.1 m)(9.2 m)(9 m)(716 k)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

2.1 m2.2 m1.7 m2.1 m2 m

Cost of goods sold

434 k592 k426 k567 k514 k

Gross profit

1.7 m1.6 m1.3 m1.6 m1.4 m

Gross profit Margin, %

79%73%75%74%74%

Sales and marketing expense

872 k850 k808 k715 k803 k

R&D expense

1.4 m1.4 m1.2 m1.1 m1.2 m

General and administrative expense

1.1 m1.3 m2.6 m2.8 m2.3 m1.4 m1.2 m863 k496 k

Operating expense total

3.4 m3.6 m4.5 m4.6 m4.3 m1.4 m1.2 m863 k496 k

EBIT

(1.7 m)(2 m)(3.2 m)(3.1 m)(2.8 m)(1.2 m)(1.2 m)(847 k)(482 k)

EBIT margin, %

(82%)(91%)(188%)(142%)(143%)

Interest expense

184 k128 k98 k89 k

Net Income

(2.2 m)(2.3 m)(5.8 m)(9.1 m)(138 k)(127 k)(565 k)(376 k)(83 k)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

7.8 m4.7 m5.3 m2.6 m

Accounts Receivable

27.8 m

Inventories

694 k798 k348 k179 k

Current Assets

11.1 m8.4 m14.2 m5.5 m

PP&E

1 m440 k533 k

Total Assets

12.4 m8.9 m14.9 m5.6 m

Accounts Payable

1.1 m1.4 m2.2 m339 k

Current Liabilities

5.9 m7 m11.3 m2.5 m

Total Liabilities

2.5 m

Additional Paid-in Capital

208.7 m226.2 m238.9 m239.8 m

Retained Earnings

(216.6 m)(226.4 m)(235.8 m)(236.7 m)

Total Equity

(7.9 m)(250 k)3.1 m3.1 m

Financial Leverage

-1.6 x-35.4 x4.9 x1.8 x
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

6.8 m8.2 m4.8 m7 m3.9 m3 m2.7 m2 m1.7 m

Accounts Receivable

1.2 m1.2 m

Inventories

296 k494 k513 k480 k403 k

Current Assets

9.9 m11.7 m7.8 m10.1 m10.6 m7.4 m6.1 m4.5 m3.8 m

PP&E

581 k356 k608 k553 k491 k

Total Assets

10.5 m12.1 m8.5 m10.7 m11.3 m7.5 m6.3 m4.6 m3.8 m

Accounts Payable

818 k1.6 m1.4 m2.8 m1.7 m434 k409 k391 k120 k

Current Liabilities

6.2 m6.9 m6.9 m8 m7.5 m4 m3.2 m2 m1.2 m

Additional Paid-in Capital

225.9 m232.9 m233.2 m238 m239.3 m239.5 m239.7 m239.9 m240 m

Retained Earnings

(224.5 m)(228.9 m)(232.4 m)(235.8 m)(236 m)(236 m)(236.6 m)(237.3 m)(237.3 m)

Total Equity

1.4 m4 m709 k2.2 m3.2 m3.5 m3.1 m2.7 m2.6 m

Financial Leverage

7.3 x3.1 x11.9 x4.9 x3.5 x2.2 x2 x1.7 x1.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(12.1 m)(9.2 m)(9 m)(716 k)

Depreciation and Amortization

821 k631 k374 k

Accounts Receivable

563 k(22 k)522 k478 k

Inventories

63 k(44 k)(82 k)54 k

Accounts Payable

(171 k)363 k477 k(1.4 m)

Cash From Operating Activities

(12.1 m)(3.7 m)1.3 m(8.3 m)

Purchases of PP&E

(333 k)(81 k)(226 k)

Cash From Investing Activities

(333 k)(5 k)(226 k)825 k

Long-term Borrowings

(4.3 m)(4.7 m)(5.3 m)

Cash From Financing Activities

13.4 m862 k5.8 m(133 k)

Interest Paid

397 k830 k377 k

Income Taxes Paid

6 k1 k4 k
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(2.2 m)(2.3 m)(5.8 m)(9.1 m)(138 k)(127 k)(565 k)(376 k)(83 k)

Depreciation and Amortization

107 k220 k300 k52 k

Accounts Receivable

(37 k)468 k260 k(490 k)630 k641 k1.2 m1.2 m

Inventories

296 k(137 k)(167 k)(123 k)33 k53 k54 k

Accounts Payable

818 k126 k(80 k)1.3 m(558 k)(1.3 m)(1.3 m)391 k120 k

Cash From Operating Activities

(1.5 m)(3.7 m)(5.4 m)(4.1 m)(6.4 m)(7.5 m)

Purchases of PP&E

(24 k)(146 k)(180 k)(10 k)

Cash From Investing Activities

(24 k)(146 k)(180 k)(10 k)824 k824 k

Long-term Borrowings

(987 k)(2 m)(2.5 m)

Cash From Financing Activities

5 m4 m8 m(133 k)

Interest Paid

128 k227 k309 k

Income Taxes Paid

1 k1 k2 k2 k2 k
Y, 2017

Financial Leverage

1.5 x

Crossroads Systems Market Value History

Traffic Overview of Crossroads Systems

Crossroads Systems Company Life and Culture

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