Founding Date | 2007 |
Total Funding | $11 m |
Investors | Madrona Venture Group, Trinity Ventures |
USD | FY, 2014 | FY, 2015 | FY, 2016 |
---|---|---|---|
Revenue | 106.5m | 140.1m | 149.1m |
Revenue growth, % | 32% | 6% | |
Sales and marketing expense | 38.5m | 52.7m | 49.8m |
R&D expense | 14.7m | 23.4m | 26.6m |
General and administrative expense | 11.3m | 15.7m | 18.5m |
Operating expense total | 64.4m | 91.8m | 94.9m |
EBIT | (10.8m) | (20.4m) | (16.8m) |
EBIT margin, % | (10%) | (15%) | (11%) |
Interest expense | 1.3m | 1.3m | 987.0k |
Interest income | |||
Pre tax profit | (13.0m) | (22.5m) | (17.9m) |
Net Income | (13.0m) | (22.5m) | (17.9m) |
USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|---|---|---|
Revenue | 28.7m | 34.5m | 36.0m | 29.5m | 35.9m | 37.4m | 27.9m | 32.8m |
Sales and marketing expense | 12.8m | 12.8m | 12.9m | 13.3m | 13.2m | 11.2m | 12.4m | 12.5m |
R&D expense | 4.6m | 5.4m | 6.1m | 6.5m | 7.1m | 7.1m | 6.4m | 6.4m |
General and administrative expense | 3.4m | 3.7m | 4.3m | 5.3m | 4.4m | 4.2m | 4.6m | 4.0m |
Operating expense total | 20.8m | 22.0m | 23.4m | 25.2m | 24.7m | 22.5m | 23.4m | 22.8m |
EBIT | (7.0m) | (4.4m) | (4.6m) | (10.5m) | (6.4m) | (2.7m) | (9.0m) | (4.8m) |
EBIT margin, % | (24%) | (13%) | (13%) | (36%) | (18%) | (7%) | (32%) | (15%) |
Interest expense | 694.0k | 176.0k | 190.0k | 264.0k | 236.0k | 261.0k | 172.0k | 186.0k |
Interest income | ||||||||
Pre tax profit | (8.1m) | (4.9m) | (4.8m) | (10.7m) | (6.7m) | (2.9m) | (9.2m) | (5.0m) |
Net Income | (8.1m) | (4.9m) | (4.8m) | (10.7m) | (6.7m) | (2.9m) | (9.2m) | (5.0m) |
USD | FY, 2015 | FY, 2016 |
---|---|---|
Cash | 41.1m | 24.2m |
Accounts Receivable | 43.3m | 43.4m |
Inventories | 1.2m | 1.5m |
Current Assets | 87.6m | 69.1m |
PP&E | 19.4m | 20.1m |
Total Assets | 107.3m | 89.3m |
Accounts Payable | 15.0m | 12.7m |
Current Liabilities | 54.6m | 49.5m |
Total Liabilities | 50.8m | |
Additional Paid-in Capital | 103.1m | 107.9m |
Retained Earnings | (51.3m) | (69.2m) |
Total Equity | 51.7m | 38.5m |
Financial Leverage | 2.1 x | 2.3 x |
USD | FY, 2015 | FY, 2016 |
---|---|---|
Net Income | (22.5m) | (17.9m) |
Depreciation and Amortization | 6.1m | 9.8m |
Accounts Receivable | (2.3m) | (517.0k) |
Inventories | (429.0k) | (211.0k) |
Accounts Payable | (2.5m) | (2.8m) |
Cash From Operating Activities | 28.2m | (5.8m) |
Cash From Investing Activities | (11.9m) | (7.5m) |
Long-term Borrowings | (27.5m) | (46.0m) |
Cash From Financing Activities | 54.8m | (3.5m) |
Interest Paid | 1.5m | 1.1m |
USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|---|---|---|
Net Income | (8.1m) | (13.0m) | (17.8m) | (10.7m) | (17.4m) | (20.3m) | (9.2m) | (14.3m) |
Depreciation and Amortization | 1.2m | 2.6m | 4.3m | 2.2m | 4.6m | 7.1m | 2.7m | 5.4m |
Accounts Receivable | 9.7m | 6.2m | 6.9m | 11.0m | 6.2m | 7.8m | 17.6m | 12.7m |
Accounts Payable | (5.0m) | (3.6m) | (5.6m) | (4.9m) | (3.7m) | (5.1m) | (3.6m) | (2.5m) |
Cash From Operating Activities | 1.8m | (3.1m) | (4.4m) | (899.0k) | (7.6m) | (6.9m) | 7.5m | 402.0k |
Purchases of PP&E | (1.6m) | (3.6m) | (6.1m) | (927.0k) | (1.3m) | (1.8m) | (587.0k) | (1.2m) |
Cash From Investing Activities | (2.8m) | (5.1m) | (10.2m) | (904.0k) | (3.0m) | (5.1m) | (2.1m) | (4.2m) |
Long-term Borrowings | (22.5m) | (27.5m) | (27.5m) | (5.9m) | (7.0m) | (8.5m) | (44.8m) | (72.7m) |
Cash From Financing Activities | 53.5m | 49.8m | 50.6m | (5.9m) | (3.5m) | (5.0m) | (9.2m) | (4.7m) |
Net Change in Cash | 52.4m | 41.6m | 35.9m | (7.7m) | (14.1m) | (17.0m) | (3.8m) | (8.5m) |
Interest Paid | 673.0k | 1.0m | 1.2m | 277.0k | 529.0k | 805.0k | 194.0k | 407.0k |
USD | FY, 2014 |
---|---|
Revenue/Employee | 374.9k |
FY, 2015 | FY, 2016 | Feb, 2017 | |
---|---|---|---|
Enterprise Customers | 709 | 759 | |
Patents Issued | 4 | 6 | |
Patents Pending | 59 | 73 |