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Summary - Funding Rounds

Founding Date

1991

Cognition Financial Income Statement

Annual

USDFY, 2014FY, 2015

Revenue

44.2m46.2m

Revenue growth, %

5%

Sales and marketing expense

36.3m36.2m

General and administrative expense

47.6m52.3m

Operating expense total

83.9m88.5m

EBIT

202.0k

EBIT margin, %

0%

Net Income

(37.6m)(47.8m)

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

14.1m11.1m13.2m16.5m12.9m14.7m

Sales and marketing expense

9.9m8.4m9.6m8.2m7.6m8.7m

General and administrative expense

14.5m15.7m11.1m14.2m10.2m11.1m

Operating expense total

24.5m24.1m20.7m22.4m17.8m19.8m

Net Income

(13.4m)(12.7m)(8.6m)(6.1m)(4.9m)(5.3m)

Cognition Financial Balance Sheet

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015

Cash

123.5m81.9m34.0m47.0m

PP&E

4.6m6.2m5.8m5.3m

Goodwill

19.5m20.1m20.1m20.1m

Total Assets

457.8m472.3m442.9m240.8m

Accounts Payable

18.1m14.9m11.1m12.4m

Short-term debt

3.5m5.8m

Total Debt

3.5m5.8m

Total Liabilities

230.8m293.0m296.4m138.6m

Common Stock

1.1m1.2m122.0k126.0k

Preferred Stock

1.0k

Additional Paid-in Capital

452.7m456.8m462.3m466.6m

Retained Earnings

(40.6m)(90.8m)(128.4m)(176.2m)

Total Equity

227.0m179.3m146.5m102.2m

Financial Leverage

2 x2.6 x3 x2.4 x

Cognition Financial Cash Flow

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015

Net Income

1.1b(50.2m)(37.6m)(47.8m)

Depreciation and Amortization

4.8m4.3m5.3m5.3m

Accounts Receivable

(947.0k)(2.1m)(2.3m)(1.9m)

Cash From Operating Activities

7.7m(51.1m)(33.0m)(31.1m)

Purchases of PP&E

(1.9m)(3.5m)(2.5m)(2.4m)

Cash From Investing Activities

55.5m(70.7m)74.8m119.1m

Long-term Borrowings

(12.0k)(11.0k)(2.0k)

Cash From Financing Activities

(157.0m)80.2m(3.4m)(161.4m)

Net Change in Cash

(93.9m)(41.6m)38.4m(73.3m)

Interest Paid

664.0k1.3m

Income Taxes Paid

5.2m12.0k659.0k5.0k

Cognition Financial Ratios

USDQ1, 2012

Financial Leverage

-7.7 x