Summary - Funding Rounds

Founding Date

1991
Exa Corporation is a subsidiary of Dassault Systemes

Exa Corporation Financials

Exa Corporation Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

54.5 m61.4 m65.4 m72.6 m72.6 m

Revenue growth, %

13%7%11%

Cost of goods sold

16 m18.9 m20.1 m19.4 m19.4 m

Gross profit

38.6 m42.5 m45.3 m53.2 m53.2 m

Gross profit Margin, %

71%69%69%73%73%

Sales and marketing expense

13.9 m

R&D expense

24.3 m

General and administrative expense

14.6 m

Operating expense total

52.8 m

EBITDA

470 k794 k4.5 m

EBITDA margin, %

1%1%6%

EBIT

(122 k)(2.4 m)(2.7 m)396 k396 k

EBIT margin, %

0%(4%)(4%)1%1%

Interest expense

694 k342 k236 k140 k140 k

Interest income

15 k12 k12 k44 k44 k

Pre tax profit

(1.6 m)(2.4 m)(3.3 m)479 k

Income tax expense

(16.7 m)(1.5 m)(1.6 m)(1.6 m)

Net Income

(709 k)(19.2 m)(4.8 m)(1.1 m)(1.1 m)

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

14.1 m13.8 m14.8 m16 m14.8 m15.5 m17 m16.8 m17.1 m19.2 m16.6 m17.5 m

Cost of goods sold

4 m4.6 m4.6 m4.6 m4.6 m4.8 m5.1 m4.8 m4.6 m4.9 m5.2 m5.3 m

Gross profit

10.1 m9.2 m10.2 m11.4 m10.1 m10.7 m11.8 m12 m12.5 m14.3 m11.4 m12.1 m

Gross profit Margin, %

71%67%69%71%69%69%70%71%73%74%69%69%

Sales and marketing expense

2.2 m2.6 m2.5 m2.4 m2.5 m2.4 m2.3 m3.3 m3.4 m3.4 m3.4 m3.5 m

R&D expense

4.4 m5.1 m5.4 m5.5 m6.2 m6 m6.1 m6.2 m6 m6.2 m6.4 m6.8 m

General and administrative expense

2.7 m3.1 m3.2 m3.2 m3.3 m3.1 m3.5 m3.4 m3.5 m4 m4 m4.2 m

Operating expense total

13.4 m15.4 m15.8 m15.6 m16.6 m16.3 m17.1 m17.8 m17.5 m18.4 m19 m19.8 m

EBIT

678 k(1.6 m)(919 k)321 k(1.8 m)(818 k)(89 k)(1 m)(392 k)711 k(2.5 m)(2.4 m)

EBIT margin, %

5%(12%)(6%)2%(12%)(5%)(1%)(6%)(2%)4%(15%)(14%)

Interest expense

71 k83 k94 k88 k65 k54 k60 k47 k39 k30 k16 k12 k

Interest income

4 k4 k2 k3 k3 k2 k3 k10 k11 k12 k14 k18 k

Pre tax profit

644 k(1.7 m)(833 k)434 k(1.9 m)(1 m)(89 k)(823 k)(439 k)591 k(2.7 m)(2.9 m)

Income tax expense

(128 k)(15.5 m)(176 k)(214 k)(154 k)(344 k)(120 k)(239 k)(436 k)

Net Income

516 k(17.2 m)(1 m)220 k(1.9 m)(1.2 m)(433 k)(943 k)(678 k)155 k(2.6 m)(2.6 m)

Exa Corporation Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

28.8 m21.8 m27.6 m24.6 m24.6 m

Accounts Receivable

27.2 m27.5 m32.1 m24.3 m24.3 m

Inventories

2.1 m3.1 m3.7 m2.9 m

Current Assets

60.3 m52.3 m63.4 m51.7 m51.7 m

PP&E

7.4 m7 m12 m14 m14 m

Total Assets

84.8 m63.1 m79 m69.1 m69.1 m

Accounts Payable

1.7 m1.6 m3.5 m4.6 m4.6 m

Short-term debt

2.4 m2.4 m2.8 m1.7 m1.7 m

Current Liabilities

45 m41.5 m51.3 m45.9 m45.9 m

Long-term debt

2.7 m1.6 m2.5 m914 k

Total Debt

5.1 m4 m5.4 m2.7 m1.7 m

Total Liabilities

49.3 m44.2 m61.5 m49.9 m49.9 m

Additional Paid-in Capital

85.2 m88.2 m91.6 m94.5 m94.5 m

Retained Earnings

(49.7 m)(68.9 m)(73.7 m)(74.8 m)(74.8 m)

Total Equity

35.5 m18.9 m17.5 m19.2 m19.2 m

EPS

(0.1 )(1.4 )(0.3 )(0.1 )

Debt to Equity Ratio

0.1 x0.2 x0.3 x0.1 x0.1 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0 x0 x

Financial Leverage

2.4 x3.3 x4.5 x3.6 x3.6 x

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

25.4 m32.6 m32 m23.9 m39.8 m30.4 m23.2 m39.2 m33.2 m25 m26.6 m18.4 m

Accounts Receivable

7.5 m13.9 m7.9 m7 m6.5 m6.3 m11.6 m13.7 m11.7 m16.7 m13 m15.4 m

Current Assets

36.7 m49.2 m42.6 m33.1 m50.8 m40.1 m37.7 m55.3 m47.5 m44.6 m42.8 m37.3 m

PP&E

5.9 m7 m8.3 m7.6 m6.4 m6.2 m11.2 m11.2 m10.8 m10.9 m13.7 m13.5 m

Total Assets

59.8 m60.1 m54.6 m44.4 m60.4 m49.8 m52.3 m70.1 m61.8 m58.8 m59.7 m54.1 m

Accounts Payable

852 k904 k1.9 m802 k1.6 m1.7 m2.3 m2.2 m2.2 m1.2 m3.4 m2.7 m

Short-term debt

2.1 m1.8 m3 m2.6 m2.3 m2 m1.5 m1.5 m

Current Liabilities

20.6 m37.6 m32.2 m21.7 m39.9 m29.5 m28.1 m44.4 m37.9 m35.4 m39.1 m35.1 m

Total Debt

2.1 m1.8 m3 m2.6 m2.3 m2 m1.5 m1.5 m

Total Liabilities

24.8 m41 m36.1 m24.8 m42.1 m31.7 m34 m52.8 m44.6 m40.6 m42.3 m37.8 m

Preferred Stock

Additional Paid-in Capital

84.8 m85.9 m86.5 m87.4 m89.4 m90.4 m91.1 m92.2 m92.9 m93.8 m95.3 m96.5 m

Retained Earnings

(49.8 m)(66.9 m)(68 m)(67.7 m)(70.8 m)(72 m)(72.4 m)(74.6 m)(75.3 m)(75.2 m)(77.4 m)(80 m)

Total Equity

35 m19 m18.6 m19.5 m18.3 m18.1 m18.3 m17.2 m17.2 m18.1 m17.4 m16.3 m

Financial Leverage

1.7 x3.2 x2.9 x2.3 x3.3 x2.8 x2.9 x4.1 x3.6 x3.2 x3.4 x3.3 x

Exa Corporation Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(709 k)(19.2 m)(4.8 m)(1.1 m)(1.1 m)

Depreciation and Amortization

2.2 m2.9 m3.5 m4.1 m4.1 m

Accounts Receivable

610 k(188 k)(4.6 m)7.8 m7.8 m

Inventories

(199 k)(609 k)(887 k)805 k

Accounts Payable

(57 k)(55 k)1.4 m(349 k)(349 k)

Cash From Operating Activities

8.4 m(3.1 m)10 m2.9 m2.9 m

Purchases of PP&E

(746 k)(768 k)(2.3 m)(4.1 m)(4.1 m)

Cash From Investing Activities

(746 k)(768 k)(2.1 m)(4.1 m)(4.1 m)

Short-term Borrowings

(2.1 m)(2.8 m)(3 m)(2.8 m)

Long-term Borrowings

(7.4 m)

Cash From Financing Activities

(9.5 m)(2 m)(1.8 m)(1.9 m)(1.9 m)

Interest Paid

599 k342 k236 k140 k140 k

Income Taxes Paid

821 k1.5 m1.5 m1.7 m1.7 m

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(823 k)(17.2 m)(18.2 m)(18 m)(1.9 m)(3.1 m)(433 k)(943 k)(678 k)155 k(2.6 m)

Depreciation and Amortization

1.6 m663 k1.4 m2.2 m750 k1.5 m

Accounts Receivable

20.4 m13.4 m19.4 m20.4 m21.1 m21.3 m11.6 m13.7 m11.7 m16.7 m13 m

Accounts Payable

(887 k)(782 k)181 k(874 k)4 k112 k2.3 m2.2 m2.2 m1.2 m3.4 m

Cash From Operating Activities

4.4 m4.7 m4.8 m(2.1 m)18.2 m9.6 m

Purchases of PP&E

(674 k)(366 k)(577 k)(684 k)(141 k)(626 k)

Cash From Investing Activities

(674 k)(366 k)(577 k)(684 k)(141 k)(626 k)

Long-term Borrowings

(7.4 m)

Cash From Financing Activities

(8.9 m)(541 k)(942 k)(1.6 m)(2 k)(171 k)

Interest Paid

533 k83 k177 k265 k65 k119 k

Income Taxes Paid

289 k171 k1.1 m1.3 m958 k1 m
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Exa Corporation Operating Metrics

FY, 2014FY, 2015FY, 2016Jan, 2017FY, 2017

Countries

8 8 8 8

Enterprise Customers

150

Patents Issued

11 10 10 12

Patents Pending

16 20 15 9

Trademarks

14
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