Edgewater Technology operates as a technology management consulting company primarily in North America. The Company offers business solutions, including business processes improvement and management consulting services; enterprise performance management solutions, such as business intelligence services, analytics solutions, as well as planning, budgeting, and consolidation services; and technology solutions, including business analysis with workflow enhancement, enterprise information management services/data services, and infrastructure services. It also offers merger and acquisition consulting services, as well as design, architectural, core data, and strategic build services.

Employee Rating

3.7More
TypePublic
HQWakefield, US
Founded1992
Size (employees)441 (est)-5%
Websiteedgewater.com
Edgewater was founded in 1992 and is headquartered in Wakefield, US
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Key People/Management at Edgewater

Jeffrey Rutherford

Jeffrey Rutherford

Chairman of the Board and Interim Chief Executive Officer
Paul McNeice

Paul McNeice

Chief Accounting Officer
Tim Oakes

Tim Oakes

CFO
Russell Smith

Russell Smith

President, Edgewater Fullscope
Kristin Zaepfel

Kristin Zaepfel

Vice President of Human Resources
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Edgewater Office Locations

Edgewater has offices in Wakefield, Warner Robins, Franklin, Stockbridge and in 10 other locations
Wakefield, US (HQ)
200 Harvard Mill Square
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Edgewater Financials and Metrics

Edgewater Revenue

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Edgewater's revenue was reported to be $111.75 m in FY, 2017
USD

Revenue (Q2, 2018)

51.5m

Gross profit (Q2, 2018)

18.0m

Gross profit margin (Q2, 2018), %

34.9%

Net income (Q2, 2018)

(4.4m)

EBIT (Q2, 2018)

(4.0m)

Market capitalization (1-Nov-2018)

64.9m

Closing stock price (1-Nov-2018)

4.7

Cash (30-Jun-2018)

3.7m
Edgewater's current market capitalization is $64.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

103.6m113.0m116.7m126.5m111.8m

Revenue growth, %

9%3%8%

Cost of goods sold

66.0m71.6m77.1m80.3m72.1m

Gross profit

37.6m41.4m39.6m46.2m39.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

25.4m27.6m29.2m28.7m30.5m31.2m31.9m34.0m30.8m29.1m30.3m27.4m25.1m51.5m

Cost of goods sold

15.7m17.5m18.3m18.3m20.1m19.4m21.1m21.2m20.2m19.1m18.8m17.0m16.9m33.5m

Gross profit

9.7m10.1m10.9m10.4m10.4m11.8m10.8m12.8m10.6m10.0m11.5m10.3m8.3m18.0m

Gross profit Margin, %

38%37%37%36%34%38%34%38%35%34%38%38%33%35%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

20.3m26.8m12.0m19.7m15.4m

Accounts Receivable

57.1k

Inventories

936.0k1.1m704.0k1.2m

Current Assets

42.3m53.7m40.4m46.6m39.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

34.7m4.1m(4.1m)(2.8m)(29.1m)

Depreciation and Amortization

1.6m928.0k1.7m4.2m3.2m

Inventories

476.0k(119.0k)(286.0k)(504.0k)

Accounts Payable

87.0k(364.0k)100.0k48.0k133.0k
USDY, 2018

Financial Leverage

1.5 x
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Edgewater Operating Metrics

Edgewater's Customers was reported to be 670 in FY, 2016.
FY, 2014FY, 2015FY, 2016

Customers

403 667 670
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Edgewater Revenue Breakdown

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Edgewater revenue breakdown by business segment: 12.7% from Classic Consulting, 36.1% from Enterprise Resource Planning and 51.1% from Enterprise Performance Management

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Edgewater Online and Social Media Presence

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Edgewater News and Updates

Edgewater Announces NASDAQ Due Bill Trading Requirements for Special Cash Dividend

WAKEFIELD, Mass., Oct. 31, 2018 (GLOBE NEWSWIRE) -- Edgewater Technology, Inc. (“Edgewater”), a Delaware corporation listed on the NASDAQ Global Market (NASDAQ: EDGW), announced that, due to the contingent nature of Edgewater’s previously announced special cash dividend, NASDAQ has determined that…

Edgewater Bancorp Reports Strong Earnings

SAINT JOSEPH, Mich., Oct. 26, 2018 (GLOBE NEWSWIRE) -- Edgewater Bancorp, Inc. (EGDW) announced year-to-date September 30, 2018 net income of $1,027,708, or $1.59 per share, compares favorably to net income of $313,889 or $0.50 per share, for the third quarter of 2017, representing a 227% increase…

Alithya and Edgewater Announce Filing of Supplement to Definitive Prospectus/Proxy Statement for Proposed Business Combination

MONTREAL and WAKEFIELD, Mass., Oct. 23, 2018 (GLOBE NEWSWIRE) -- Alithya Group Inc. (“Alithya”), a Québec private corporation, and Edgewater Technology, Inc. (“Edgewater”), a Delaware corporation listed on the NASDAQ Global Market (NASDAQ: EDGW), announce that (i) Alithya Group inc. (f/k/a 9374-85…

INVESTOR ALERT: Monteverde & Associates PC Is Investigating The Acquisition Of Edgewater Technology, Inc. Scheduled For A Shareholder Vote On October 29, 2018 - EDGW

NEW YORK, Oct. 16, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Edgewater Technology, Inc. ("Edgewater" or the "Company")...
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Edgewater Company Life and Culture

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Edgewater Frequently Asked Questions

  • When was Edgewater founded?

    Edgewater was founded in 1992.

  • Who are Edgewater key executives?

    Edgewater's key executives are Jeffrey Rutherford, Paul McNeice and Tim Oakes.

  • How many employees does Edgewater have?

    Edgewater has 441 employees.

  • What is Edgewater revenue?

    Latest Edgewater annual revenue is $111.8 m.

  • What is Edgewater revenue per employee?

    Latest Edgewater revenue per employee is $253.4 k.

  • Who are Edgewater competitors?

    Competitors of Edgewater include Dataprise, Devoteam and Glintt.

  • Where is Edgewater headquarters?

    Edgewater headquarters is located at 200 Harvard Mill Square, Wakefield.

  • Where are Edgewater offices?

    Edgewater has offices in Wakefield, Warner Robins, Franklin, Stockbridge and in 10 other locations.

  • How many offices does Edgewater have?

    Edgewater has 14 offices.