EXFO

OverviewSuggest Edit

EXFO is a company that develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and webscale companies. It provides a range of lab and manufacturing testing systems, including lab platforms, network simulation, and load testing tools. The company also provides ethernet testing, fiber channel testing, synchronization testing, and multiservice testing solutions.

TypePrivate
Founded1984
HQQuébec, CAMap
Websiteexfo.com
Employee Ratings3.8More
View Jobs (105)

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Latest Updates

Employees (est.) (Jan 2022)1,657
Job Openings105
Revenue (FY, 2020)$265.6 M(-7%)
Share Price (Apr 2020)$2.8(-8%)
Cybersecurity ratingCMore
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Key People/Management at EXFO

Germain Lamonde

Germain Lamonde

Founder and Executive Chairman
Philippe Morin

Philippe Morin

Chief Executive Officer, Director
Abdelkrim Benamar

Abdelkrim Benamar

Vice President
Stephen Bull

Stephen Bull

Vice President
Louis Adam

Louis Adam

Chief Marketing Officer
Stephane Chabot

Stephane Chabot

Vice President
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EXFO Office Locations

EXFO has offices in Québec, Saint-Laurent, Richardson, Beijing and in 12 other locations
Québec, CA (HQ)
400 Godin Avenue
Saint-Laurent, CA
2500 Boulevard Alfred Nobel
Beijing, CN
N0, 5-12 Zhongguancun S St, Haidian Qu
Shenzhen, CN
Nanshan
Shenzhen Shi, CN
71, 455-3 Xintian Ave, Baoan Qu
Oulu, FI
Elektroniikkatie 2
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EXFO Financials and Metrics

Summary Metrics

Founding Date

1984
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EXFO Revenue

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EXFO's revenue was reported to be $265.58 m in FY, 2020 which is a 7.4% decrease from the previous period.
USD

Revenue (Q3, 2021)

72.6m

Gross profit (Q3, 2021)

42.3m

Gross profit margin (Q3, 2021), %

58.3%

Net income (Q3, 2021)

(3.7m)

EBIT (Q3, 2021)

(2.1m)

Cash (31-May-2021)

10.9m
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

269.5m286.9m265.6m

Revenue growth, %

11%6%(7%)

Cost of goods sold

105.0m118.7m114.6m

Gross profit

164.5m168.2m151.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

69.2m73.9m73.6m73.6m55.3m66.1m71.5m69.3m72.6m

Cost of goods sold

28.9m29.1m30.5m30.2m23.8m27.9m29.9m30.4m30.3m

Gross profit

40.3m44.9m43.1m43.3m31.5m38.2m41.6m38.8m42.3m

Gross profit Margin, %

58%61%59%59%57%58%58%56%58%
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Annual
USDFY, 2018FY, 2019FY, 2020

Cash

12.8m16.5m32.8m

Accounts Receivable

47.3m51.5m56.3m

Prepaid Expenses

5.3m6.5m5.6m

Inventories

38.6m38.0m38.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

18.1m24.8m13.6m15.0m19.1m17.1m15.4m23.9m10.9m

Accounts Receivable

50.4m41.2m52.9m51.4m33.2m56.8m55.5m51.5m55.8m

Prepaid Expenses

5.0m5.0m5.5m5.7m5.0m5.6m5.4m5.1m5.9m

Inventories

39.2m38.6m37.9m41.5m41.5m42.7m41.8m41.8m48.4m
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(12.3m)(2.5m)(9.5m)

Depreciation and Amortization

15.8m14.5m15.4m

Inventories

(1.0m)(134.0k)(45.0k)

Accounts Payable

1.0m3.2m(6.4m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(7.5m)(2.3m)(2.3m)(63.0k)(9.1m)(5.9m)3.6m1.1m(2.6m)

Depreciation and Amortization

4.4m7.9m11.3m3.9m7.9m11.7m4.7m9.0m12.9m

Inventories

(1.4m)(362.0k)(668.0k)(3.5m)(4.0m)(6.2m)(2.6m)(681.0k)(4.9m)

Accounts Payable

3.1m18.0k2.0m(3.7m)(9.3m)(6.0m)(3.8m)(1.3m)2.6m
show all
USDFY, 2018

Revenue/Employee

172.3k

Financial Leverage

1.6 x
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EXFO Operating Metrics

EXFO's Customers was reported to be 2 k in FY, 2019.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Bookings

$267.69 m$81.24 m$157.33 m$226.89 m$297.81 m$69.91 m$142.78 m$201.89 m$264.86 m$69.04 m$148.39 m$235.4 m

Customers

2 k2 k

Patents (Foreign)

4845

Patents (US)

9494
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EXFO Acquisitions / Subsidiaries

Company NameDateDeal Size
InOpticalsDecember 31, 2020
AstelliaFebruary 28, 2018
Yenista OpticsOctober 09, 2017$11.1 m
Ontology SystemsMarch 02, 2017$7.6 m
Absolute AnalysisOctober 31, 2016$8.25 m
Aito TechnologiesJune 19, 2014
NetHawkMarch 12, 2010
PicoSolveFebruary 09, 2009
Brix Networks IncApril 22, 2008
ConsultronicsJanuary 27, 2006$19.8 m
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EXFO Revenue Breakdown

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EXFO revenue breakdown by geographic segment: 37.5% from United States, 6.2% from Canada, 5.0% from Other Americas, 6.1% from United Kingdom, 24.0% from Other Europe, Middle East and Africa, 13.5% from China and 7.7% from Other Asia Pacific

EXFO Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

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EXFO Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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EXFO Online and Social Media Presence

EXFO's Trends

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EXFO News and Updates

August 13, 2021

EXFO Inc. Files Amended Schedule 13E-3

QUEBEC CITY, Aug. 12, 2021 /PRNewswire/ - EXFO Inc. ("EXFO" or the "Corporation") (NASDAQ: EXFO) (TSX: EXF), announces today that the Corporation has filed an amendment to its previously filed Rule 13e-3 transaction statement on Schedule 13E-3 (the "Schedule 13E-3") originally filed with...
August 09, 2021

EXFO Inc. Announces Increase in Purchase Price to $US6.25 for Going-Private Transaction and Entering into Support and Voting Agreements with Large Minority Shareholders

QUEBEC CITY, Aug. 9, 2021 /PRNewswire/ - EXFO Inc. ("EXFO" or the "Corporation") (NASDAQ: EXFO) (TSX: EXF), announces that 11172239 Canada Inc. (the "Purchaser") has agreed to increase the purchase price for the acquisition of all the issued and outstanding subordinate voting shares of...
August 06, 2021

Glass Lewis Recommends EXFO Shareholders Vote AGAINST Germain Lamonde's Going-Private Transaction

- Leading proxy advisor Glass Lewis recommends EXFO minority shareholders vote AGAINST Mr. Lamonde's going private transaction, in the face of VIAVI's US$8.00 per share binding superior proposal - Glass Lewis highly critical of Mr. Lamonde for his "obdurate" rejection of VIAVI's proposal...
July 16, 2021

EXFO Announces the Filing of its Circular in Connection with the Special Meeting of Shareholders and Receives Interim Order

Board of Directors Unanimously Recommends Shareholders Vote in Favour of the Arrangement QUEBEC CITY, July 16, 2021 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF) ("EXFO" or the "Corporation") announces the filing of its management proxy solicitation circular (the "Circular") and...
June 17, 2021

Hyperoptic selects EXFO to accelerate fibre optic network deployment

Partnership for the nation-wide expansion of a top-quality broadband network LONDON, UK, June 17, 2021 /PRNewswire/ - Hyperoptic, a leading full fibre broadband provider, today announced it has selected advanced network testing technology from EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the...
January 07, 2021

EXFO partners with Openreach for ground-breaking Full Fibre initiative

Openreach to deploy permanent Full Fibre monitoring technology to help deliver ultrafast and ultra-reliable broadband to millions of UK homes and businesses. LONDON, UK, Jan. 7, 2021 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the communications industry's test, monitoring and...
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 EXFO Frequently Asked Questions

  • When was EXFO founded?

    EXFO was founded in 1984.

  • Who are EXFO key executives?

    EXFO's key executives are Germain Lamonde, Philippe Morin and Abdelkrim Benamar.

  • How many employees does EXFO have?

    EXFO has 1,657 employees.

  • What is EXFO revenue?

    Latest EXFO annual revenue is $265.6 m.

  • What is EXFO revenue per employee?

    Latest EXFO revenue per employee is $160.3 k.

  • Who are EXFO competitors?

    Competitors of EXFO include Juniper Networks, Keysight Technologies and Viavi Solutions.

  • Where is EXFO headquarters?

    EXFO headquarters is located at 400 Godin Avenue, Québec.

  • Where are EXFO offices?

    EXFO has offices in Québec, Saint-Laurent, Richardson, Beijing and in 12 other locations.

  • How many offices does EXFO have?

    EXFO has 16 offices.