Evolving Systems

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.

Company Growth (employees)
Type
Public
HQ
Englewood, US
Founded
1985
Size (employees)
197 (est)-18%
Evolving Systems was founded in 1985 and is headquartered in Englewood, US

Evolving Systems Office Locations

Evolving Systems has offices in Englewood, Durham, Bengaluru, Kolkata and in 3 other locations
Englewood, US (HQ)
9777 Pyramid Ct
Surrey, GB
Beaufort House 31 Chertsey St
București, RO
5 Strada General Gheorghe Manu
Kuala Lumpur, MY
60 Jalan Sri Hartamas 1 Sri Hartamas
Kolkata, IN
234 AJC Bose Rd
Bengaluru, IN
59/2 Outer Ring Road

Evolving Systems Data and Metrics

Evolving Systems Financial Metrics

Evolving Systems's revenue was reported to be $5.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

5.9 m

Net income (Q1, 2017)

973 k

EBIT (Q1, 2017)

1.6 m

Market capitalization (15-Aug-2017)

58.7 m

Cash (31-Mar-2017)

7.5 m
Evolving Systems's current market capitalization is $58.7 m.
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

R&D expense

3 m

General and administrative expense

3.9 m

Operating expense total

(23 m)(30.5 m)(23.4 m)19.2 m

EBIT

5 m8.4 m4.3 m5.6 m

EBIT margin, %

20%28%17%23%

Interest expense

20 k17 k121 k340 k

Interest income

11 k19 k18 k6 k

Pre tax profit

5.1 m8.4 m4.2 m4.9 m

Income tax expense

1.3 m2.8 m915 k1.5 m

Net Income

3.8 m5.6 m3.3 m3.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

7.9 m7.6 m6.7 m6.1 m5.8 m6.5 m6.1 m6.1 m5.9 m

Sales and marketing expense

1.3 m1.4 m1.6 m1.5 m1.3 m1.4 m1.2 m1.2 m1.1 m

R&D expense

955 k948 k1 m960 k913 k955 k833 k697 k474 k

General and administrative expense

943 k877 k907 k1 m1 m968 k854 k952 k973 k

Operating expense total

3.2 m3.2 m3.5 m3.5 m3.3 m3.3 m2.9 m2.9 m2.5 m

EBIT

2.6 m2.3 m1.4 m941 k954 k514 k1.6 m1.7 m1.6 m

EBIT margin, %

33%31%21%15%17%8%26%28%27%

Interest expense

(4 k)(4 k)(3 k)(3 k)(3 k)(118 k)(73 k)(74 k)(73 k)

Interest income

4 k6 k5 k4 k5 k2 k1 k1 k1 k

Income tax expense

838 k827 k439 k313 k142 k170 k310 k428 k350 k

Net Income

1.7 m1.7 m860 k780 k570 k427 k780 k941 k973 k
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

Goodwill

17.9 m17 m23.1 m20.6 m

Total Assets

43.2 m44.2 m50.4 m43.8 m

Accounts Payable

4.3 m

Total Debt

1.2 m610 k6 k5 k

Current Liabilities

10.3 m9.6 m18.1 m10.4 m

Total Liabilities

10.2 m18.3 m14.4 m14.4 m

Additional Paid-in Capital

93.9 m96 m97.4 m97.7 m

Retained Earnings

(56.9 m)(56.2 m)(58 m)(57.2 m)

Total Equity

32.7 m34.1 m32.2 m29.3 m

Debt to Equity Ratio

0 x0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x

Financial Leverage

1.3 x1.3 x1.6 x1.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

12.4 m11 m11 m10.3 m9.4 m3.7 m5.9 m6.9 m7.5 m

Current Assets

24.4 m23.7 m23.8 m23.1 m24.2 m18.9 m18.3 m18.4 m18.9 m

PP&E

462 k513 k626 k640 k595 k476 k400 k359 k504 k

Goodwill

18.5 m17.7 m16.2 m17.2 m23.6 m22.7 m21.8 m21.3 m20.7 m

Total Assets

44.3 m42.9 m41.7 m42.1 m53.6 m46.8 m45.1 m44.4 m44.2 m

Accounts Payable

4 m3.8 m3.4 m4 m5.7 m4.4 m3.9 m4.3 m4.3 m

Dividends Payable

1.3 m1.3 m

Current Liabilities

9.1 m7.9 m8.8 m8.3 m10.5 m10.5 m11.2 m10.7 m10 m

Additional Paid-in Capital

94.6 m95.3 m96.2 m96.3 m96.3 m97.5 m97.6 m97.7 m97.8 m

Retained Earnings

(56.9 m)(56.5 m)(56.6 m)(57.1 m)(57.8 m)(58.9 m)(59.4 m)(58.5 m)(56.2 m)

Total Equity

34.4 m34.1 m32.5 m33.5 m31.8 m30.8 m28.9 m29.2 m30.7 m

Financial Leverage

1.3 x1.3 x1.3 x1.3 x1.7 x1.5 x1.6 x1.5 x1.4 x
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)

Cash From Investing Activities

(629 k)(564 k)(9.2 m)(61 k)

Cash From Financing Activities

(3.2 m)(3.2 m)5.9 m(6.6 m)

Interest Paid

2 k1 k107 k312 k

Income Taxes Paid

69 k182 k2.1 m1.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.7 m1.7 m860 k780 k570 k427 k780 k941 k973 k

Depreciation and Amortization

76 k98 k120 k107 k121 k273 k266 k253 k247 k
USDY, 2017

Revenue/Employee

26.8 k

Financial Leverage

1.4 x

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 2016
FY, 2016Y, 2016FY, 2016

Subscribers

300 m

Customers

75

Patents (US)

16

Evolving Systems Market Value History

Evolving Systems Revenue Breakdown

Traffic Overview of Evolving Systems

Evolving Systems Online and Social Media Presence

Evolving Systems Company Life and Culture

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