Instructure

Education Technology consumer web edtech learning management learning tools

Instructure is a technology company that is focused on providing cloud-based learning management software for educational institutions, companies and other organizations. The Company develops Canvas, a learning management application for the education market; and Bridge for the corporate market to enable its customers in developing, delivering and managing face-to-face and online learning experiences.

Revenue(FY, 2017)

$158.8 M

Market capitalization(2018-04-20)

$1.2 B

Backlog(FY, 2016)

$213 M

Type

Public

Salt Lake City, US

Founded

2008

Size (employees)

949 (est)

Website

instructure.com

Instructure was founded in 2008 and is headquartered in Salt Lake City, US

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Key People/Management at Instructure

Josh Coates

CEO

Steve Kaminsky

CFO

Q Wade Billings

Director, DevOps

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Instructure Office Locations

Instructure has offices in Dallas, Mexico City, Atlanta, Washington and in 10 other locations

Sydney, AU

77 King St

London, GB

25 Kingly St

Holladay, US

700 6330 3000 E

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Instructure Financials and Metrics

Instructure Financials

Instructure's revenue was reported to be $158.81 m in FY, 2017

Summary

USD
Revenue (FY, 2017)	158.8 m
Gross profit (FY, 2017)	112.4 m
Gross profit margin (FY, 2017), %	70.8%
Net income (FY, 2017)	(49.8 m)
EBIT (FY, 2017)	(50.8 m)
Market capitalization (20-Apr-2018)	1.2 b
Cash (31-Dec-2017)	35.7 m

Instructure's current market capitalization is $1.2 b.

Source: Company Filings

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	44.4 m	73.2 m	110.9 m	158.8 m
Revenue growth, %		65%	51%
Cost of goods sold			32.7 m	46.4 m
Gross profit			78.1 m	112.4 m

Quarterly

USD	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Revenue	23.3 m	25.9 m	30.1 m	34 m	38 m
Cost of goods sold	7.3 m	7.6 m	8.6 m	9.6 m	11 m
Gross profit	16 m	18.3 m	21.5 m	24.4 m	27.1 m
Gross profit Margin, %	68%	71%	71%	72%	71%

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Source: Company Filings

Balance Sheet

Annual

USD	FY, 2016	FY, 2017
Cash	44.5 m	35.7 m
Accounts Receivable	6.8 m
Inventories	8.1 m
Current Assets	92.9 m	86.1 m

Quarterly

USD	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Cash	69.7 m	62 m	59 m	28.3 m	25.7 m
Current Assets	82.1 m	108.9 m	111.4 m	62.9 m	107.3 m
PP&E	13.1 m	13.2 m	13.8 m	16.9 m	18.9 m
Goodwill	989 k	989 k	989 k	989 k	989 k

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Cash Flow

Annual

USD	FY, 2016	FY, 2017
Net Income	(53.6 m)	(49.8 m)
Depreciation and Amortization	4 m	6.2 m
Inventories	(592 k)
Accounts Payable	4.1 m	740 k

Quarterly

USD	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Net Income	(13.7 m)	(28.3 m)	(40.6 m)	(12.7 m)	(25.7 m)
Depreciation and Amortization	912 k	1.9 m	2.8 m	1.2 m	2.7 m
Cash From Operating Activities	(18.9 m)	(28.4 m)	(6.7 m)	(27.7 m)	(39.6 m)
Purchases of PP&E	(2.3 m)	(3.4 m)	(4.9 m)	(3.1 m)	(7 m)