Determine is a provider of SaaS Source-to-Pay and Enterprise Contract Lifecycle Management solutions. The Company's cloud platform provides procurement, sourcing, finance and legal professionals with the flexibility, agility, and scalability they need to optimize spend, supplier, contract and financial performance goals. It empowers users across the full source-to-pay continuum, including sourcing, supplier management, contract management and procure-to-pay applications, to deliver efficiency and data insight for their operational business processes, third-party relationships, and contractual obligations.
Type
Public
HQ
Carmel, US
Founded
1996
Size (employees)
148 (est)
Determine was founded in 1996 and is headquartered in Carmel, US
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Key People/Management at Determine

Patrick Stakenas

Patrick Stakenas

President, CEO and Director
John Nolan

John Nolan

Chief Financial Officer
Michael Brodsky

Michael Brodsky

Chairman
Eric Faulkner

Eric Faulkner

Chief Technology Officer
Jeffrey Grosman

Jeffrey Grosman

Chief Operating Officer
Steve Potts

Steve Potts

Chief Revenue Officer
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Determine Office Locations

Determine has an office in Carmel
Carmel, US (HQ)
100 615 W Carmel Dr
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Determine Financials and Metrics

Determine Financials

Determine's revenue was reported to be $27.46 m in FY, 2017 which is a 2.6% increase from the previous period.
USD

Revenue (Q1, 2018)

7 m

Gross profit (Q1, 2018)

3.7 m

Gross profit margin (Q1, 2018), %

52.7%

Net income (Q1, 2018)

(2.1 m)

EBIT (Q1, 2018)

(1.9 m)

Market capitalization (31-Oct-2017)

32.3 m

Closing share price (31-Oct-2017)

2.2

Cash (30-Jun-2017)

13.7 m
Determine's current market capitalization is $32.3 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

15.8 m20.9 m26.8 m27.5 m

Revenue growth, %

32%28%3%

Cost of goods sold

8.4 m12.3 m13 m13.6 m

Gross profit

7.4 m8.6 m13.8 m13.8 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018

Revenue

3 m3.1 m3.8 m5.2 m5.1 b5.4 m5.4 m5.1 m6.9 m7 m

Cost of goods sold

694 k634 k2.3 m3.5 m1.4 b1.8 m1.8 m1.7 m3.5 m3.3 m

Gross profit

2.3 m2.5 m1.5 m1.8 m3.7 b3.7 m3.5 m3.4 m3.3 m3.7 m

Gross profit Margin, %

77%79%40%34%72%68%66%67%49%53%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

16.9 m13.2 m9.4 m9.4 m

Accounts Receivable

Inventories

689 k1.6 m1.6 m

Current Assets

20.6 m20.1 m18 m18.1 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

11.8 m9.7 m12.2 m10.1 m8.5 m11.3 m8 m9.8 m9.7 m8 m9.4 m13.7 m

Current Assets

16.1 m14.3 m15.7 m16.1 m14.5 m17.7 m15.9 m18.1 m17.4 m15.4 m17.6 m21.8 m

PP&E

350 k317 k284 k427 k354 k224 k187 k146 k130 k111 k94 k84 k

Goodwill

8.3 m8.4 m7.7 m14.6 m14.6 m14.5 m14.5 m14.3 m14.9 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(8.2 m)(13.7 m)(14 m)(9.4 m)

Depreciation and Amortization

246 k1.5 m2.7 m3.4 m

Inventories

164 k(505 k)200 k

Accounts Payable

359 k(195 k)199 k505 k
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(466 k)(2.1 m)(2.9 m)(2.7 m)(3.8 m)(2.9 b)

Accounts Payable

1.5 m1.7 m1.9 m1.6 m1.8 m1.9 m1.3 m1.8 m2.4 m
USDY, 2017

Financial Leverage

4.7 x
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