Evolving Systems is a provider of software and services to network operators. It offers the following solutions: increasing revenues through real-time marketing, growing subscriber loyalty and decreasing churn, accelerating subscriber migration to 4G/LTE, empowering mobile retailers to sell smarter and streamlining SIM distribution and logistics. The Company helps monetize subscriber bases and efficiently deliver new services consequently simplifying operations, reducing costs and improving the customer experience. They are designed with the flexibility and scalability needed to suit operators of any size from start-ups to established tier 1 carriers.

Type
Public
HQ
Englewood, US
Founded
1985
Size (employees)
197 (est)
Evolving Systems was founded in 1985 and is headquartered in Englewood, US
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Evolving Systems Office Locations

Evolving Systems has offices in Surrey, București, Kuala Lumpur, Englewood and in 3 other locations
Englewood, US (HQ)
9777 Pyramid Ct
Durham, US
4220 NC-55
Bengaluru, IN
59/2 Outer Ring Road
Kolkata, IN
234 AJC Bose Rd
Kuala Lumpur, MY
60 Jalan Sri Hartamas 1 Sri Hartamas
București, RO
5 Strada General Gheorghe Manu
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Evolving Systems Financials and Metrics

Evolving Systems Financials

Evolving Systems's revenue was reported to be $24.78 m in FY, 2016 which is a 3.1% decrease from the previous period.
USD

Revenue (Q3, 2017)

7.5 m

Net income (Q3, 2017)

759 k

Market capitalization (18-Apr-2018)

46.1 m

Cash (30-Sep-2017)

7.6 m
Evolving Systems's current market capitalization is $46.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

25.1 m29.7 m25.6 m24.8 m

Revenue growth, %

18%(14%)(3%)

Sales and marketing expense

5 m

General and administrative expense

3.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

6.1 m6.6 m7.9 m7.6 m6.7 m6.1 m5.8 m6.5 m6.1 m6.1 m5.9 m6.2 m7.5 m

Sales and marketing expense

1.2 m1.7 m1.3 m1.4 m1.6 m1.5 m1.3 m1.4 m1.2 m1.2 m1.1 m978 k

General and administrative expense

1 m834 k943 k877 k907 k1 m1 m968 k854 k952 k973 k1 m

R&D expense

719 k883 k955 k948 k1 m960 k913 k955 k833 k697 k474 k669 k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

13.8 m9.8 m8.4 m7.6 m

Accounts Receivable

226 m

Current Assets

23.9 m25.4 m21.7 m18.4 m

PP&E

342 k659 k560 k546 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

13.7 m12.4 m12.4 m11 m11 m10.3 m9.4 m3.7 m5.9 m6.9 m7.5 m5.5 m7.6 m

Current Assets

22.3 m22.8 m24.4 m23.7 m23.8 m23.1 m24.2 m18.9 m18.3 m18.4 m18.9 m21.9 m27.7 m

PP&E

285 k392 k462 k513 k626 k640 k595 k476 k400 k359 k504 k248 k

Goodwill

16.5 m18.1 m18.5 m17.7 m16.2 m17.2 m23.6 m22.7 m21.8 m21.3 m20.7 m21.3 m25 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

3.8 m5.6 m3.3 m3.4 m

Depreciation and Amortization

366 k341 k580 k1 m

Cash From Operating Activities

8.6 m(400 k)2.2 m6.9 m

Purchases of PP&E

(270 k)(588 k)(198 k)(61 k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

920 k651 k1.7 m1.7 m860 k1.6 m2.2 m427 k1.2 m2.1 m973 k2.1 m759 k

Depreciation and Amortization

43 k46 k52 k74 k96 k227 k348 k273 k539 k792 k247 k493 k

Cash From Operating Activities

3.1 m2.9 m(655 k)3 m5.5 m328 k241 k

Purchases of PP&E

(158 k)(191 k)(71 k)(6 k)(24 k)(3 k)(6 k)
USDY, 2017

Revenue/Employee

38.3 k

Financial Leverage

1.7 x
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Evolving Systems Operating Metrics

Evolving Systems's Subscribers was reported to be 300 m in FY, 2016. Evolving Systems's Customers was reported to be 75 in Y, 2016.
FY, 2016Y, 2016

Customers

75

Patents (US)

16

Subscribers

300 m
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