OverviewSuggest Edit

Evolving Systems is a provider of software and services to network operators. It offers such services as increasing revenues through real-time marketing, growing subscriber loyalty and decreasing churn, and accelerating subscriber migration to 4G/LTE. The company helps monetize subscriber bases and deliver new services, simplifying operations and improving customer experience.

TypePublic
Founded1985
HQEnglewood, CO, US
Websiteevolving.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2018)280(-10%)
Revenue (FY, 2020)$26.4 M(+3%)
Share Price (Sept 2021)$2.1(-1%)
Cybersecurity ratingBMore

Key People/Management at Evolving Systems

Mark Szynkowski

Mark Szynkowski

Senior VP-Finance
Matthew Stecker

Matthew Stecker

Chairman & Chief Executive Officer
Adhish Kulkarni

Adhish Kulkarni

SVP Solutions
Eric Hatton

Eric Hatton

SVP Solutions
Richard Lewis

Richard Lewis

SVP Sales
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Evolving Systems Office Locations

Evolving Systems has offices in Englewood, New York, Bengaluru, Kolkata and in 4 other locations
Englewood, CO, US (HQ)
9800 Pyramid Ct #400
New York, NY, US
1460 Broadway 11 fl
Bengaluru, IN
59/2 Outer Ring Road
Kolkata, IN
Victoria Park, Level 9, Block GN, Plot - 37/2, Sector-V, Salt Lake, GN Block, Sector V, Bidhannagar
Kuala Lumpur, MY
60 Jalan Sri Hartamas 1 Sri Hartamas
Kuala Lumpur, MY
Menara SuezCap 1, 2, Jalan Kerinchi Kiri, Pantai Dalam
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Evolving Systems Financials and Metrics

Evolving Systems Revenue

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Evolving Systems's revenue was reported to be $26.35 m in FY, 2020
USD

Revenue (Q2, 2021)

7.0m

Gross profit (Q2, 2021)

4.8m

Gross profit margin (Q2, 2021), %

68.8%

Net income (Q2, 2021)

953.0k

EBIT (Q2, 2021)

350.0k

Market capitalization (14-Sept-2021)

26.1m

Closing stock price (14-Sept-2021)

2.1

Cash (30-Jun-2021)

4.9m

EV

22.3m
Evolving Systems's current market capitalization is $26.1 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

24.8m28.8m30.6m25.8m26.4m

Revenue growth, %

(3%)16%6%(16%)

Cost of goods sold

5.3m8.7m10.3m8.7m8.8m

Gross profit

19.5m20.1m20.3m17.1m17.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021

Revenue

5.9m6.2m7.5m8.2m8.1m7.4m6.7m6.3m6.1m6.3m6.3m6.5m7.0m

Cost of goods sold

1.5m1.6m2.6m2.9m2.9m2.4m1.9m2.2m2.1m2.1m2.2m2.2m2.2m

Gross profit

4.3m4.7m5.0m5.3m5.2m5.1m4.8m4.1m4.0m4.1m4.1m4.2m4.8m

Gross profit Margin, %

74%75%66%65%64%68%71%65%65%66%65%65%69%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

7.6m7.6m6.7m3.1m2.8m

Accounts Receivable

226.0m10.2m7.8m6.7m5.7m

Prepaid Expenses

1.6m2.1m1.4m1.6m1.8m

Current Assets

18.4m25.6m20.0m13.5m13.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021

Cash

7.5m5.5m7.6m8.7m9.3m8.5m5.6m5.3m4.3m2.6m4.3m4.3m4.9m

Accounts Receivable

4.7m7.6m10.8m11.0m9.3m7.7m7.7m8.5m6.0m5.1m4.1m4.7m4.7m

Prepaid Expenses

1.9m2.2m3.0m1.7m1.8m1.5m1.9m1.8m1.8m1.8m2.1m1.6m1.6m

Current Assets

18.9m21.9m27.7m26.9m25.1m21.6m19.4m19.5m16.3m12.8m14.0m15.0m16.1m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

3.4m2.5m(14.8m)(9.7m)643.0k

Depreciation and Amortization

1.0m1.1m1.1m1.1m1.2m

Accounts Payable

276.0k(1.4m)(1.3m)(700.0k)337.0k

Cash From Operating Activities

6.9m3.5m2.6m1.1m1.4m
USDFY, 2016

Revenue/Employee

125.8k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x
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Evolving Systems Operating Metrics

Evolving Systems's Customers was reported to be 100 in FY, 2019.
FY, 2016FY, 2017FY, 2018FY, 2019

Countries Covered

50656565

Customers

75100100100

Office Space Leased, sq. ft.

27.99 k37.31 k34.05 k34.05 k

Patents (US)

161697
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Evolving Systems Acquisitions / Subsidiaries

Company NameDateDeal Size
LumataAugust 16, 2017
Business Logic SystemsJuly 06, 2017
Sixth Sense MediaSeptember 30, 2015
TelespreeOctober 25, 2013
Tertio TelecomsNovember 03, 2004
Telecom Software EnterprisesOctober 20, 2004$2.4 m
CMS Communications IncNovember 03, 2003
Evolving Digital Data Solutions LTD
Evolving Systems BLS LTD
Evolving Systems GmbH
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Evolving Systems Revenue Breakdown

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Evolving Systems revenue breakdown by business segment: 28.0% from Services, 31.9% from Managed Services, 35.2% from Customer Support, Including Warranty Support Fees and 4.8% from Other

Evolving Systems revenue breakdown by geographic segment: 19.6% from United Kingdom and 80.4% from Other

Evolving Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Evolving Systems Online and Social Media Presence

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Evolving Systems Blogs

Evolving Systems Reports Third Quarter 2018 Financial Results

  2018 Financial Results Highlights: Year to date 2018 revenue for the first nine months increased 21% over the same period last year to $23.7 million Third quarter 2018 revenue decreased 2% year-over-year to $7.4 million Year to date 2018 operating income…

Evolving Systems and Orange Belgium Shortlisted for Digital Transformation Award at Prestigious World Communication Awards

  - Orange Thank You Loyalty Program Recognized for Innovation -

Encouraging games at work as path to sales success for telcos?

Evolving's Personalized Employee Journey-based Gamified Sales Incentivization and Performance Motivation Solution   Best recommendation? No. Does it work? Better than you might imagine! With aggressive sales targets, we frequently see our communications service provider (CSP) customer…

Matthew Stecker is Named Chief Executive Officer of Evolving Systems

  - Industry Leader with track record of success to drive next phase of company’s growth -

Evolving Systems Frequently Asked Questions

  • When was Evolving Systems founded?

    Evolving Systems was founded in 1985.

  • Who are Evolving Systems key executives?

    Evolving Systems's key executives are Mark Szynkowski, Matthew Stecker and Adhish Kulkarni.

  • How many employees does Evolving Systems have?

    Evolving Systems has 280 employees.

  • What is Evolving Systems revenue?

    Latest Evolving Systems annual revenue is $26.4 m.

  • What is Evolving Systems revenue per employee?

    Latest Evolving Systems revenue per employee is $94.1 k.

  • Who are Evolving Systems competitors?

    Competitors of Evolving Systems include Tedexis, Gexel Telecommunications and LS telcom.

  • Where is Evolving Systems headquarters?

    Evolving Systems headquarters is located at 9800 Pyramid Ct #400, Englewood.

  • Where are Evolving Systems offices?

    Evolving Systems has offices in Englewood, New York, Bengaluru, Kolkata and in 4 other locations.

  • How many offices does Evolving Systems have?

    Evolving Systems has 9 offices.