OverviewSuggest Edit

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.

TypePublic
Founded1985
HQEnglewood, US
Websiteevolving.com
Employee Ratings2.6

Latest Updates

Employees (est.) (Dec 2018)280(-10%)
Revenue (FY, 2018)$30.6 M(+7%)
Share Price (Nov 2019)$1

Key People/Management at Evolving Systems

Matthew Stecker

Matthew Stecker

Chairman and CEO
Richard Lewis

Richard Lewis

SVP, Sales
Mo Firouzabadian

Mo Firouzabadian

SVP, Sales
Adhish Kulkarni

Adhish Kulkarni

SVP, Solutions
Eric Hatton

Eric Hatton

SVP, Solutions
Don Stone

Don Stone

SVP, Research and Development
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Evolving Systems Office Locations

Evolving Systems has offices in Englewood, Cary, Bengaluru, Kolkata and in 3 other locations
Englewood, US (HQ)
9777 Pyramid Ct #100
Cary, US
4220 NC-55 #340, Cary, NC 27519, USA
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
Show all (7)

Evolving Systems Financials and Metrics

Evolving Systems Revenue

Evolving Systems's revenue was reported to be $30.64 m in FY, 2018
USD

Revenue (Q3, 2019)

6.1m

Net income (Q3, 2019)

(217.0k)

EBIT (Q3, 2019)

(301.0k)

Market capitalization (15-Nov-2019)

12.3m

Closing stock price (15-Nov-2019)

1.0

Cash (30-Sep-2019)

4.3m
Evolving Systems's current market capitalization is $12.3 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

19.0m26.2m25.1m29.7m25.6m24.8m28.8m30.6m

Revenue growth, %

18%(14%)(3%)

Cost of goods sold

18.0m5.3m8.7m10.3m

Gross profit

8.2m19.5m20.1m20.3m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

4.4m4.3m5.9m6.7m6.8m6.7m5.8m6.1m6.6m7.9m7.6m6.7m6.1m5.8m6.5m6.1m6.1m5.9m6.2m7.5m8.2m8.1m7.4m6.7m6.3m6.1m

Cost of goods sold

4.7m4.7m4.8m4.1m4.5m1.5m1.6m2.6m2.9m2.9m2.4m1.9m2.2m

Gross profit

1.9m2.1m1.8m1.7m1.6m4.3m4.7m5.0m5.3m5.2m5.1m4.8m4.1m

Gross profit Margin, %

29%31%28%29%26%74%75%66%65%64%68%71%65%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

34.3m8.8m13.8m9.8m8.4m7.6m7.6m6.7m

Accounts Receivable

4.5m4.8m6.4m9.2m7.7m226.0m10.2m7.8m

Prepaid Expenses

1.3m1.1m1.2m1.3m1.5m2.1m1.4m

Current Assets

41.9m19.6m23.9m25.4m21.7m18.4m25.6m20.0m
USDY, 2019

Financial Leverage

2.3 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
Show all operating metrics

Evolving Systems Revenue Breakdown

Embed Graph

Evolving Systems revenue breakdown by business segment: 11.6% from License fees and services and 88.4% from Customer support

Evolving Systems Online and Social Media Presence

Embed Graph

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 Matthew Stecker, Richard Lewis and Mo Firouzabadian.

  • How many employees does Evolving Systems have?

    Evolving Systems has 280 employees.

  • What is Evolving Systems revenue?

    Latest Evolving Systems annual revenue is $30.6 m.

  • What is Evolving Systems revenue per employee?

    Latest Evolving Systems revenue per employee is $109.4 k.

  • Who are Evolving Systems competitors?

    Competitors of Evolving Systems include LS telcom, Cambium Networks and Iplook.

  • Where is Evolving Systems headquarters?

    Evolving Systems headquarters is located at 9777 Pyramid Ct #100, Englewood.

  • Where are Evolving Systems offices?

    Evolving Systems has offices in Englewood, Cary, Bengaluru, Kolkata and in 3 other locations.

  • How many offices does Evolving Systems have?

    Evolving Systems has 7 offices.