Ideagen

Technology customer services enterprise software information management

Ideagen provides information management, safety, risk and compliance software solutions that allow organizations to achieve operational excellence, regulatory compliance and reduce risk. The Company's portfolio of solutions range from Audit & Risk Management, Document Management & Workflow, Capture, Process Mapping, Order Communications, Infection Control, Electronic Medical Record and ED Management.

Revenue(FY, 2017)

£27.1 M

Market capitalization(2017-10-31)

£161.5 M

Customers(FY, 2017)

3 K

Type

Public

Ruddington, GB

Founded

1997

Size (employees)

363 (est)+47%

Website

ideagen.com

Ideagen was founded in 1997 and is headquartered in Ruddington, GB

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Key People/Management at Ideagen

Ben Dorks

CEO

David Hornsby

Executive Chairman

Graeme Spenceley

Chief Financial Officer and Company Secretary

Barnaby Kent

COO

Alan Carroll

Independent Non-Executive Director

Jonathan Wearing

Non-Executive Director

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Ideagen Office Locations

Ideagen has offices in Subang Jaya, Dubai, Wiltshire, Hertfordshire and in 9 other locations

Ruddington, GB (HQ)

Ergo House Mere Way Ruddington Fields Business Park, Nottinghamshire

Chesterfield, GB

Dunston Innovation Centre Dunston Road

East Kilbride, GB

Bramah Ave

East Kilbride, GB

Orion House Bramah Avenue

Hertfordshire, GB

Bessemer Dr

Kent, GB

940/28-29 Heeley Close Kent Science Park Sittingbourne

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Ideagen Financials and Metrics

Ideagen Financials

Ideagen's revenue was reported to be £27.11 m in FY, 2017 which is a 23.6% increase from the previous period.

Summary

GBP
Revenue (FY, 2017)	27.1 m
Revenue growth (FY, 2016 - FY, 2017), %	23.6%
Gross profit (FY, 2017)	24.3 m
Gross profit margin (FY, 2017), %	89.5%
Net income (FY, 2017)	731 k
EBITDA (FY, 2017)	6 m
EBIT (FY, 2017)	696 k
Market capitalization (31-Oct-2017)	161.5 m
Closing share price (31-Oct-2017)	0.8
Cash (30-Apr-2017)	6.2 m
EV	157.3 m

Ideagen's current market capitalization is £161.5 m.

Income Statement

Annual

GBP	FY, 2007	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	818.2 k	511.8 k	965.8 k	2.3 m	4 m	6.5 m	9 m	14.4 m	21.9 m	27.1 m
Revenue growth, %			89%	133%	78%	63%	38%	60%	52%	24%
Cost of goods sold	761.9 k	15.2 k	63.7 k	268.3 k	382 k	869 k	1.4 m	1.9 m	2.6 m	2.8 m
Gross profit	56.4 k	496.5 k	902.1 k	2 m	3.6 m	5.6 m	7.5 m	12.5 m	19.3 m	24.3 m

Half Year

GBP	H1, 2015	H1, 2016	H1, 2017
Revenue	5.7 m	9.9 m	12 m
Cost of goods sold	949 k	1.2 m	1.4 m
Gross profit	4.7 m	8.7 m	10.6 m
Gross profit Margin, %	83%	88%	88%

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Balance Sheet

Annual

GBP	FY, 2007	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	6.8 k	6.2 k	220.1 k	762.5 k	1.5 m	6.4 m	4 m	5.3 m	6.3 m	6.2 m
Accounts Receivable	315.1 k	52.2 k	361.8 k	1.1 m	1.1 m	1.6 m	3.6 m	6.5 m	6.1 m	8.8 m
Inventories							389 k	55 k	33 k	10 k
Current Assets	349.8 k	83.4 k	644.2 k	1.9 m	2.7 m	8.3 m	8 m	12.7 m	14.6 m	17.2 m

Half Year

GBP	H1, 2015	H1, 2016	H1, 2017
Cash	2.8 m	5.4 m	4.8 m
Accounts Receivable	4 m	7.3 m	8.9 m
Inventories	96 k	55 k	16 k
Current Assets	6.9 m	12.8 m	13.8 m

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Cash Flow

Annual

GBP	FY, 2007	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	(169.2 k)	(579 k)	72.1 k	569.9 k	108.5 k	(805 k)	873 k	480 k	1.3 m	731 k
Depreciation and Amortization							110 k	156 k	201 k	249 k
Inventories							(389 k)	334 k	22 k	23 k
Accounts Payable							392 k	(648 k)	(894 k)	1.2 m

Half Year

USD	H1, 2015	H1, 2016	H1, 2017
Net Income	378 k	6 k	2 k
Depreciation and Amortization	60 k	98 k	107 k
Inventories	293 k		17 k
Accounts Payable	(1.1 m)	(1.2 m)	194 k

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Ratios

GBP	Y, 2017
EV/EBITDA	26.4 x
EV/EBIT	226 x
EV/CFO	18.9 x
Revenue/Employee	88.7 k
Financial Leverage	1.6 x

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Ideagen Operating Metrics

Ideagen's Customers was reported to be 3 k in FY, 2017.

	FY, 2015	H1, 2016	FY, 2016	H1, 2017	FY, 2017
Customers	1.50 k	2.20 k	2.20 k	3 k	3 k

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Ideagen Acquisitions / Subsidiaries

Acquired Company	Date	Deal Size
Covalent Software Inc.
Covalent Software Limited
EIBS Limited
Filebutton Limited
Gael Products Limited
Ideagen Capture Limited
Ideagen Gael Limited
Ideagen Inc.
Ideagen Logen EOOD
Ideagen Software Limited

Ideagen Revenue Breakdown

Business Segment

Embed Graph

Ideagen revenue breakdown by business segment: 21.0% from PROFESSIONAL SERVICES, 39.5% from SUPPORT & MAINTENANCE, 17.7% from SOFTWARE - SAAS, 20.3% from SOFTWARE - PERPETUAL and 1.5% from Other

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