OverviewSuggest Edit

FalconStor Software is a technology company that provides data protection and storage virtualization computer software. It offers long-term archive retention and reinstatement, business continuity driven data replication, and supporting technology products. Its FreeStor flagship product is a horizontal software-defined storage platform for unified data services that adds a core intelligent abstraction layer and utilizes virtualization, data services, and policy-based automation to de-couple applications, data, and workloads from physical hardware, networks, and protocols. Its solutions deliver disk-based backup, continuous data protection, WAN-optimized replication, and disaster recovery automation.
TypePublic
Founded2000
HQAustin, TX, US
Websitefalconstor.com
Employee Ratings2.9

Latest Updates

Employees (est.) (Dec 2019)71(-17%)
Revenue (FY, 2020)$14.8 M(-10%)
Share Price (Sept 2021)$3.8
Cybersecurity ratingBMore

Key People/Management at FalconStor Software

Todd Brooks

Todd Brooks

Chief Executive Officer
Chris Cummings

Chris Cummings

VP, Marketing
Brad Wolfe

Brad Wolfe

Chief Financial Officer
Carter McCrary

Carter McCrary

Vice President, Global Revenue
Mark Delsman

Mark Delsman

Chief Technology Officer
Abdul Hashmi

Abdul Hashmi

Sr. Director, Global Support and Services
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FalconStor Software Office Locations

FalconStor Software has offices in Austin, Melville, Beijing, La Garenne-Colombes and in 5 other locations
Austin, TX, US (HQ)
701 Brazos St #400
Melville, NY, US
2 Huntington Quadrangle
Beijing, CN
Room 1571, NCI Tower, 12A Jianguomenwai Ave Chaoyang District
La Garenne-Colombes, FR
71 Boulevard national
München, DE
Rosa-Bavarese-Straße 3
Chiyoda City, JP
3-chōme-21 Kanda Nishikichō
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FalconStor Software Financials and Metrics

FalconStor Software Revenue

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FalconStor Software's revenue was reported to be $14.77 m in FY, 2020
USD

Revenue (Q1, 2021)

3.8m

Gross profit (Q1, 2021)

3.2m

Gross profit margin (Q1, 2021), %

83%

Net income (Q1, 2021)

(49.0k)

EBIT (Q1, 2021)

(17.4k)

Market capitalization (14-Sept-2021)

22.0m

Closing stock price (14-Sept-2021)

3.8

Cash (31-Mar-2021)

2.0m

EV

23.9m
FalconStor Software's current market capitalization is $22 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

25.2m17.8m16.5m14.8m

Revenue growth, %

(17%)(29%)(7%)

Cost of goods sold

5.5m3.0m2.9m1.8m

Gross profit

19.6m14.9m13.6m12.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

6.0m6.7m6.1m5.0m4.0m4.1m4.5m4.0m4.0m3.2m3.5m3.8m

Cost of goods sold

1.5m1.8m1.2m755.0k630.0k708.4k643.4k1.3m772.8k547.4k396.2k649.0k

Gross profit

4.6m5.0m4.9m4.2m3.4m3.4m3.8m2.7m3.2m2.6m3.1m3.2m

Gross profit Margin, %

76%74%80%85%84%83%86%68%81%83%89%83%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

1.0m3.1m1.5m1.9m

Accounts Receivable

4.2m3.6m3.4m

Prepaid Expenses

1.2m1.9m2.3m1.8m

Inventories

14.9k30.0k15.3k
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

3.4m1.6m1.8m4.6m4.0m2.8m2.4m2.4m960.4k976.1k1.5m2.0m

Accounts Receivable

3.5m3.0m2.2m3.1m2.1m1.6m3.3m1.7m2.0m1.8m1.9m3.0m

Prepaid Expenses

1.2m875.6k999.8k1.4m1.3m1.5m1.7m1.7m2.1m2.1m1.9m2.1m

Inventories

6.2k6.2k6.2k30.6k104.7k104.5k14.2k14.6k15.1k
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.1m(906.7k)(1.8m)1.1m

Depreciation and Amortization

1.0m643.6k399.8k224.5k

Inventories

6.2k(15.1k)(14.3k)15.9k

Accounts Payable

728.3k(505.7k)730.3k(911.4k)
Quarterly
USDQ1, 2017

Financial Leverage

-0.7 x
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FalconStor Software Operating Metrics

FY, 2016FY, 2017FY, 2018FY, 2019

Office Space Leased, sq. ft.

55 k77.64 k75.47 k68.5 k

Office Space Owned, sq. ft.

22.5 k3.02 k3.71 k3.71 k

Patents Issued

27353533
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FalconStor Software Acquisitions / Subsidiaries

Company NameDateDeal Size
FalconStor AC, Inc.
FalconStor, Inc.
FalconStor Software (Korea), Inc.

FalconStor Software Revenue Breakdown

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FalconStor Software revenue breakdown by business segment: 100.0% from Product Revenue

FalconStor Software revenue breakdown by geographic segment: 37.1% from Support and Services Revenue, 22.9% from Europe, Middle East, Africa and Other, 23.6% from Asia Pacific and 16.3% from Americas

FalconStor Software Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

FalconStor Software Online and Social Media Presence

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FalconStor Software News and Updates

FalconStor Software Announces Fourth Quarter 2019 Results Including 22% New Customer Sales Growth

AUSTIN, Texas, March 12, 2020 /PRNewswire/ -- FalconStor Software, Inc. (OTCQB: FALC), a market leader in data protection software for global enterprises, today announced financial results for its fourth quarter ended December 31, 2019. Key Financial Highlights for the Close of Fiscal...

FalconStor Software Hosts Fourth Quarter 2019 Financial Webcast Presentation And Conference Call

AUSTIN, Texas, Feb. 21, 2020 /PRNewswire/ -- FalconStor Software, Inc. (OTCQB: FALC) will announce financial results for the fourth quarter 2019, ending December 31, 2019 after the close of the market on Thursday, March 12, 2020. FalconStor will host a webcast presentation and conference...

Falconstor Software Recognizes Gayadata As Falconstor Apac Partner Of The Year And Expands Relationship With Exclusive Reseller And Distribution Agreement In South Korea

FalconStor Software Recognizes Gayadata as “FalconStor APAC Partner of the Year” And Expands Relationship with Exclusive Reseller and Distribution Agreement in South Korea.read more

FalconStor Software Hosts Second Quarter 2019 Financial Webcast Presentation and Conference Call

AUSTIN, Texas, July 22, 2019 /PRNewswire/ -- FalconStor Software, Inc.'s (OTCQB: FALC) will announce financial results for the second quarter 2019, ending June 30, 2019 after the close of the market on Wednesday, August 14, 2019. FalconStor will host a webcast presentation and conference...

FalconStor Software Announces First Quarter 2019 Results Including 112% Billings Growth in the Americas Region

AUSTIN, Texas, May 15, 2019 /PRNewswire/ -- FalconStor Software, Inc. (OTCQB: FALC), a market leader in software-defined storage and data management, today announced financial results for its first quarter ended March 31, 2019. Key Financial Highlights for the First Quarter of Fiscal...

FalconStor Software Hosts First Quarter 2019 Financial Webcast Presentation And Conference Call

AUSTIN, Texas, April 24, 2019 /PRNewswire/ -- FalconStor Software, Inc.'s (OTCQB: FALC) will announce financial results for the first quarter 2019, ending March 31, 2019 after the close of the market on Wednesday, May 15, 2019. FalconStor will host a webcast presentation and conference...
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FalconStor Software Blogs

Common Europe Congress 2021

Common Europe, in collaboration with Common Denmark, is delighted to be holding its first in-person Congress since the dark days of the pandemic thrust us into the world of online events. It is being held in Scandinavia’s largest congress center, Bella Sky, in the vibrant city of Copenhagen and offe…

Best Data Storage Solutions and Software 2021

Source: enterprisestorageforum.com The post Best Data Storage Solutions and Software 2021 appeared first on FalconStor.

Storage Virtualization Data Protection

Consolidate and virtualize storage for Business Continuity by distributing it across multiple sites. Optimize data protection at the storage level for hot and cold data. Disaster Recovery planning and automation for both physical and virtual machines. Management of virtual tape backups with online d…

How Our Data Protection Journey Continues in 2021 and Beyond

In late 2017, a new team set out to reinvent FalconStor by modernizing data backup and archival for enterprises and managed service providers. The post How Our Data Protection Journey Continues in 2021 and Beyond appeared first on FalconStor.

FalconStor Software Announces Second Quarter and First Half 2021 Results

FalconStor Software, Inc. today announced financial results for its second quarter and first half of fiscal year 2021, which ended on June 30, 2021. The post FalconStor Software Announces Second Quarter and First Half 2021 Results appeared first on FalconStor.

FalconStor Software Announces Pricing of Its Public Offering of Common Stock

FalconStor today announced the pricing of an underwritten registered public offering of 285,000 newly issued shares of its common stock at a public offering price of $4.10 per share, for total gross proceeds of approximately $1,168,500 The post FalconStor Software Announces Pricing of Its Public Off…
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FalconStor Software Frequently Asked Questions

  • When was FalconStor Software founded?

    FalconStor Software was founded in 2000.

  • Who are FalconStor Software key executives?

    FalconStor Software's key executives are Todd Brooks, Chris Cummings and Brad Wolfe.

  • How many employees does FalconStor Software have?

    FalconStor Software has 71 employees.

  • What is FalconStor Software revenue?

    Latest FalconStor Software annual revenue is $14.8 m.

  • What is FalconStor Software revenue per employee?

    Latest FalconStor Software revenue per employee is $208 k.

  • Who are FalconStor Software competitors?

    Competitors of FalconStor Software include Wayside Technology Group, Veritas Technologies and DataCore Software.

  • Where is FalconStor Software headquarters?

    FalconStor Software headquarters is located at 701 Brazos St #400, Austin.

  • Where are FalconStor Software offices?

    FalconStor Software has offices in Austin, Melville, Beijing, La Garenne-Colombes and in 5 other locations.

  • How many offices does FalconStor Software have?

    FalconStor Software has 9 offices.