Majesco Financials

$113.3 M

Revenue FY, 2016

$191.8 M

Mkt cap, 20-Apr-2018
Revenue growth (FY, 2015 - FY, 2016), %43%
Gross profit (FY, 2016)50.5 M
Gross profit margin (FY, 2016), %44.5%
Net income (FY, 2016)(3.6 M)
EBIT (FY, 2016)(4.5 M)

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

82.8 m79.3 m113.3 m

Revenue growth, %

(4%)43%

Cost of goods sold

45.7 m48.8 m62.8 m

Gross profit

37.1 m30.5 m50.5 m

Gross profit Margin, %

45%38%45%

R&D expense

10.1 m10.3 m16.3 m

General and administrative expense

22.7 m21 m38.2 m

Operating expense total

32.8 m31.3 m54.5 m

EBIT

4.2 m(2 m)(4.5 m)

EBIT margin, %

5%(2%)(4%)

Interest expense

63 k200 k596 k

Interest income

89 k185 k24 k

Pre tax profit

1.9 m(141 k)(1.2 m)

Net Income

2.9 m(651 k)(3.6 m)

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

23.2 m28.2 m29.6 m32.6 m31 m30 m

Cost of goods sold

12.1 m15.8 m17.1 m17.8 m15.6 m15.3 m

Gross profit

11.1 m12.4 m12.6 m14.8 m15.5 m14.7 m

Gross profit Margin, %

48%44%42%45%50%49%

R&D expense

3.2 m4.2 m4.2 m4.5 m4.5 m4 m

General and administrative expense

7.6 m9.5 m10.6 m10.7 m10.7 m10.6 m

Operating expense total

10.7 m13.7 m14.8 m15.2 m15.2 m14.5 m

Interest expense

55 k73 k113 k208 k134 k143 k

Interest income

10 k3 k8 k10 k9 k

Net Income

82 k(976 k)(1.1 m)217 k209 k

Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

5.5 m6.3 m

Accounts Receivable

7.8 m22.5 m

Current Assets

25.3 m44.3 m

PP&E

1.2 m3.5 m

Goodwill

14.2 m32.3 m

Total Assets

46.5 m94.6 m

Accounts Payable

442 k3.7 m197.1 m

Short-term debt

1.5 m7.1 m

Long-term debt

3 m6.9 m

Total Debt

4.5 m14 m

Total Liabilities

26 m49.1 m

Additional Paid-in Capital

39 m69.5 m

Total Equity

20.6 m45.6 m

Debt to Equity Ratio

0.2 x0.3 x

Debt to Assets Ratio

0.1 x0.1 x

Financial Leverage

2.3 x2.1 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

9.3 m5.5 m8.9 m14.2 m10.8 m18 m

Current Assets

35.4 m32 m35.3 m46.9 m46.6 m50.1 m

PP&E

1.8 m2.1 m2.2 m3.8 m3.9 m4 m

Goodwill

32.7 m32.7 m32.3 m32.3 m32.3 m32.3 m

Total Assets

85.2 m80.9 m85.5 m97.1 m96.1 m99.3 m

Accounts Payable

2.6 m2.1 m2 m4.5 m3.1 m2.6 m

Current Liabilities

29.8 m26.2 m32.1 m38.4 m36.5 m39 m

Additional Paid-in Capital

68.8 m68.9 m69.2 m69.8 m70.1 m70.6 m

Retained Earnings

(21.4 m)(21.7 m)(22.8 m)(24.9 m)(24.7 m)(24.5 m)

Total Equity

46.9 m46.1 m45 m45.5 m45.8 m

Financial Leverage

1.7 x1.9 x2.2 x2.1 x2.2 x

Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

2.9 m(651 k)(3.6 m)

Depreciation and Amortization

2.5 m2.4 m3.8 m

Accounts Receivable

2 m2.2 m(13.1 m)

Accounts Payable

(82 k)(53 k)2.1 m

Cash From Operating Activities

3.1 m3.7 m(5.8 m)

Purchases of PP&E

(1 m)(775 k)(2.9 m)

Cash From Investing Activities

(4.9 m)(7.5 m)(7.2 m)

Cash From Financing Activities

(22 k)3 m9.2 m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

82 k(976 k)(1.1 m)217 k209 k

Accounts Payable

825 k

Purchases of PP&E

(199 k)(669 k)(934 k)(797 k)(1.3 m)(2 m)

Cash From Investing Activities

3.1 m2.2 m1.2 m

Cash From Financing Activities

3.5 m
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Operating Metrics

Majesco's Customers was reported to be 148 in FY, 2017.
FY, 2014FY, 2015FY, 2016FY, 2017

Customers

97 108 149 148
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