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 (Jun 2021)$4.4(-6%)
Cybersecurity ratingCMore

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 (11-Jun-2021)

26.3m

Closing stock price (11-Jun-2021)

4.4

Cash (31-Mar-2021)

2.0m

EV

28.1m
FalconStor Software's current market capitalization is $26.3 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

C

71/100

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

FalconStor Collaborates with Insurgo to Enable Transition from Tape to Cloud

Relationship to benefit enterprises struggling with tape and open new service offerings for managed services providers’ backup-as-a-service offerings AUSTIN, Texas – June 9, 2021 – FalconStor Software (OTCQB: FALC), the trusted data protection leader modernizing backup and archival for the multi-clo…

The State of Enterprise Backup Today

More than 400 attendees took the time to answer several critical questions, and their answers portray data protection in the midst of a huge transition, underscoring how important Veeam and cloud-based data protection are today. The post The State of Enterprise Backup Today appeared first on FalconS…

FalconStor Software Announces First Quarter 2021 Results Including 20% Total Revenue Growth, GAAP Net Income After Tax of $425,248

Strong First Quarter Marked by Robust Product Revenue Growth, and Significant Customer Expansions, Net Income, New Customer Sales, and New Product Expansion 104% year-over-year increase in product revenue 185% year-over-year increase in new customer billings $425,248 in net income, versus a $719,840…

Chris Cummings on FalconStor, Storage Patterns, and Doing Good with Life Moves

Source: DiscoPosse Podcast The post Chris Cummings on FalconStor, Storage Patterns, and Doing Good with Life Moves appeared first on FalconStor.

FALCONSTOR SOFTWARE HOSTS FIRST QUARTER 2021 FINANCIAL WEBCAST PRESENTATION AND CONFERENCE CALL

FalconStor Software Inc. will announce financial results for the first quarter, ending March 31, 2021 after the close of the market on Wednesday, May 5, 2021 The post FALCONSTOR SOFTWARE HOSTS FIRST QUARTER 2021 FINANCIAL WEBCAST PRESENTATION AND CONFERENCE CALL appeared first on FalconStor.

Top 25 Cloud Data Backup Enablers List for April 2021

Source: Backup Review The post Top 25 Cloud Data Backup Enablers List for April 2021 appeared first on FalconStor.
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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.