Mavenir Revenue

Mavenir revenue was $427.44 m in FY, 2019 which is a 8.7% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

2005

Total Funding

$104.4 m

Investors

In total, Mavenir had raised $104.4 m. Mavenir is a subsidiary of Mitel

Mavenir Revenue Breakdown

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Mavenir revenue breakdown by business segment: 77.4% from Products and 22.6% from Post-contract support

Mavenir revenue breakdown by geographic segment: 56.8% from Americas, 18.2% from Europe, Middle East and Africa and 25.1% from Asia-Pacific

Mavenir Income Statement

Annual

USDFY, 2018FY, 2019

Revenue

393.1m427.4m

Revenue growth, %

9%

Cost of goods sold

161.6m185.3m

Gross profit

231.5m242.2m

Gross profit Margin, %

59%57%

R&D expense

90.7m89.4m

General and administrative expense

134.0m154.8m

Operating expense total

253.6m252.7m

EBIT

(22.1m)(10.5m)

EBIT margin, %

(6%)(2%)

Interest expense

74.2m52.5m

Interest income

205.0k388.0k

Pre tax profit

(96.7m)(77.5m)

Income tax expense

523.0k3.5m

Net Income

(97.2m)(81.0m)

EPS

(24.3k)(19.6k)

Quarterly

USDQ2, 2019Q2, 2020

Revenue

109.6m129.9m

Cost of goods sold

49.4m56.3m

Gross profit

60.2m73.7m

Gross profit Margin, %

55%57%

R&D expense

21.6m22.0m

General and administrative expense

34.3m33.6m

Operating expense total

57.0m57.8m

EBIT

106.3m114.1m

EBIT margin, %

97%88%

Interest expense

13.3m11.0m

Interest income

53.0k380.0k

Pre tax profit

(166.0k)4.9m

Income tax expense

(1.0m)2.3m

Net Income

843.0k2.6m

EPS

211.0428.0

Mavenir Balance Sheet

Annual

USDFY, 2018FY, 2019

Cash

46.4m78.0m

Accounts Receivable

133.7m124.6m

Prepaid Expenses

20.2m28.5m

Inventories

19.2m14.4m

Current Assets

250.1m284.0m

PP&E

41.2m44.3m

Goodwill

580.6m580.6m

Total Assets

1.4b1.4b

Accounts Payable

163.0m169.6m

Short-term debt

5.5m14.6m

Current Liabilities

287.5m321.3m

Long-term debt

520.6m554.6m

Total Debt

526.1m569.3m

Total Liabilities

961.0m976.3m

Additional Paid-in Capital

744.0m867.8m

Retained Earnings

(346.9m)(427.9m)

Total Equity

402.3m451.3m

Debt to Equity Ratio

1.3 x1.3 x

Debt to Assets Ratio

0.4 x0.4 x

Financial Leverage

3.4 x3.2 x

Quarterly

USDQ2, 2020

Cash

47.0m

Accounts Receivable

127.9m

Prepaid Expenses

27.1m

Inventories

16.8m

Current Assets

269.4m

PP&E

49.2m

Goodwill

580.6m

Total Assets

1.4b

Accounts Payable

139.9m

Short-term debt

14.4m

Current Liabilities

300.9m

Long-term debt

84.3m

Total Debt

98.7m

Total Liabilities

942.6m

Additional Paid-in Capital

892.8m

Retained Earnings

(434.7m)

Total Equity

469.8m

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0.1 x

Financial Leverage

3 x

Mavenir Cash Flow

Annual

USDFY, 2018FY, 2019

Net Income

(97.2m)(81.0m)

Depreciation and Amortization

74.2m73.0m

Accounts Receivable

43.0m11.2m

Inventories

(12.2m)1.0m

Accounts Payable

(24.9m)8.7m

Cash From Operating Activities

(29.1m)(23.8m)

Purchases of PP&E

(15.7m)(13.4m)

Cash From Investing Activities

(28.2m)(61.8m)

Short-term Borrowings

(21.9m)(70.0m)

Long-term Borrowings

(455.1m)(5.5m)

Cash From Financing Activities

51.0m115.9m

Net Change in Cash

(7.3m)30.1m

Quarterly

USDQ2, 2019Q2, 2020

Net Income

(54.2m)(5.6m)

Depreciation and Amortization

37.3m35.6m

Accounts Receivable

499.0k3.2m

Inventories

3.7m(4.3m)

Accounts Payable

49.6m(23.2m)

Cash From Operating Activities

(8.5m)(9.0m)

Purchases of PP&E

(7.8m)(10.5m)

Cash From Investing Activities

(19.0m)(39.4m)

Short-term Borrowings

(60.0m)

Long-term Borrowings

(2.7m)(2.7m)

Cash From Financing Activities

2.3m22.3m

Net Change in Cash

(25.7m)(30.0m)

Mavenir Ratios

USDFY, 2019

Revenue/Employee

97.3k

Debt/Equity

1.3 x

Debt/Assets

0.4 x

Financial Leverage

3.4 x

Mavenir Operating Metrics

Q2, 2020FY, 2020Q2, 2021Sep, 2020Jan, 2021

Customers

250 250

Remaining Performance Obligations

$285.60 m$322.50 m$335.10 m

Twelve-Month Remaining Performance Obligations

$193.50 m

Patents Issued

579

Countries

120 120

Partners

17

Patent Applications (Foreign)

47

Patent Applications (US)

23

Patents (Foreign)

399

Patents (US)

180

Subscribers

4 b