Medidata

Health Technology clinical research cloud diagnostics enterprise software healthtech

Medidata Solutions is a leading global provider of cloud-based clinical development solutions that enhance the efficiency of customers’ clinical trials. Medidata’s advanced platform lowers the total cost of clinical development by optimizing clinical trials from concept to conclusion: from study and protocol design, trial planning and budgeting, site negotiation, clinical portal, trial management, randomization and trial supply management, clinical data capture and management, safety events capture, medical coding to business analytics. Company's diverse life science customer base spans biopharmaceutical companies, medical device and diagnostic companies, academic and government institutions, CROs and other research organizations.

Company Growth (employees)

Type

Public

New York, US

Founded

1999

Size (employees)

1,424 (est)+14%

Website

mdsol.com

Medidata was founded in 1999 and is headquartered in New York, US

Medidata Office Locations

Medidata has offices in New York, Woodbridge Township, Conshohocken, Houston and in 6 other locations

New York, US (HQ)

350 Hudson St

London, GB

Hammersmith Flyover

Singapore, SG

8 Jurong Town Hall Rd

Beijing, CN

Room 21, 5th Floor, China Life Tower 16 Chaoyangmen Wai Da

Chiyoda Ku, JP

Marunouchi Trust Tower North

San Francisco, US

343 Sansome St

Ross, US

220 32 Ross Common

Houston, US

1295 1301 Fannin St

Woodbridge Township, US

194 S Wood Ave

Medidata Data and Metrics

Medidata Financial Metrics

Medidata's revenue was reported to be $463.4 m in FY, 2016 which is a 18% increase from the previous period.

Summary

$, USD

Medidata's current market capitalization is $4.5 b.

Source: SEC Filings

Income Statement

$, USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	276.8 m	335.1 m	392.5 m	463.4 m
Revenue growth, %		21%	17%	18%
Cost of goods sold	69.9 m	84.9 m	89.8 m	112.6 m
Gross profit	206.9 m	250.2 m	302.7 m	350.8 m
Gross profit Margin, %	75%	75%	77%	76%
Sales and marketing expense	66.3 m	83.4 m	103.2 m	109.3 m
R&D expense	51.2 m	71.8 m	92.3 m	112.6 m
General and administrative expense	65.5 m	69.1 m	78 m	78.7 m
Operating expense total	183.1 m	230.1 m	273.5 m	300.6 m
EBIT	23.9 m	20.1 m	29.2 m	50.2 m
EBIT margin, %	9%	6%	7%	11%
Interest expense	5.9 m	15.4 m	16.2 m	17.3 m
Interest income	555 k	1.8 m	2.8 m	4.4 m
Pre tax profit	18.4 m	6.5 m	15.8 m	37.3 m
Income tax expense	1.7 m	422 k	2.6 m	8.3 m
Net Income	16.7 m	6.1 m	13.2 m	29 m

Source: SEC Filings

Balance Sheet

$, USD	Y, 2009	Y, 2010	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	FY, 2016
Cash	39.4 m	16 m	45.2 m	32.7 m	22.3 m	39.5 m	49.6 m	93.5 m
Inventories					13.5 m	13.7 m	21.2 m	20.4 m
Current Assets					304.5 m	357.9 m	383.2 m	518.8 m
Goodwill					15.5 m	19 m	18.8 m	30.8 m
Total Assets					573.4 m	622.2 m	687.5 m	817.9 m
Accounts Payable					7.5 m	3.7 m	6.3 m	6.2 m
Current Liabilities					100.2 m	94.8 m	121.1 m	132.3 m
Non-Current Liabilities					247.4 m	262.7 m	282.2 m	283.6 m
Total Liabilities					347.5 m	357.5 m	403.3 m	415.9 m
Common Stock							594 k	614 k
Additional Paid-in Capital					248.3 m	301.5 m	365 m	418.5 m
Retained Earnings					3.5 m	9.6 m	22.8 m	102.4 m
Total Equity					225.8 m	264.7 m	284.2 m	402 m
Financial Leverage					2.5 x	2.4 x	2.4 x	2 x

Cash Flow

$, USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	16.7 m	6.1 m	13.2 m	29 m
Depreciation and Amortization	6.9 m	10.4 m	10.8 m	15.3 m
Accounts Receivable	1.2 m	(31 m)	(35 m)	(25 m)
Inventories	2.1 m	(611 k)	(9.1 m)	185 k
Accounts Payable	(457 k)	1.3 m	(502 k)	2.8 m
Cash From Operating Activities	69.6 m	61.6 m	87 m	88.8 m
Cash From Investing Activities	(362.7 m)	(30.4 m)	(37.5 m)	(41.3 m)
Cash From Financing Activities	282.8 m	(13.9 m)	(39.4 m)	(3.3 m)
Interest Paid	27 k	2.8 m	2.9 m	2.9 m
Income Taxes Paid	1.4 m	485 k	1.3 m	2.1 m

Ratios

	Y, 2016
Financial Leverage	2 x

Medidata Operating Metrics

Medidata's Customers was reported to be 849 in FY, 2016, which is a 39% increase from the previous period

	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Customers	397	486	611	849

Source: Company Filings

Medidata Market Value History

Medidata Revenue Breakdown

Market Position of Medidata

Competitors

Orb Health

Technology - Private

NanoString Technologies

Revenue (FY, 2016)	463.4 m
Revenue growth (FY, 2015 - FY, 2016), %	18%
Gross profit (FY, 2016)	350.8 m
Gross profit margin (FY, 2016), %	76%
Net income (FY, 2016)	29 m
EBIT (FY, 2016)	50.2 m
Market capitalization (23-Jun-2017)	4.5 b
Closing share price (23-Jun-2017)	80.3
Cash (31-Dec-2016)	93.5 m

Medidata

Company Growth (employees)

Medidata Office Locations

Medidata Data and Metrics

Medidata Financial Metrics

Summary

Revenue (FY, 2016)

Revenue growth (FY, 2015 - FY, 2016), %

Gross profit (FY, 2016)

Gross profit margin (FY, 2016), %

Net income (FY, 2016)

EBIT (FY, 2016)

Market capitalization (23-Jun-2017)

Closing share price (23-Jun-2017)

Cash (31-Dec-2016)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

Sales and marketing expense

R&D expense

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Inventories

Current Assets

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Non-Current Liabilities

Total Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

Cash From Investing Activities

Cash From Financing Activities

Interest Paid

Income Taxes Paid

Ratios

Financial Leverage

Medidata Operating Metrics

Customers

Medidata Market Value History

Medidata Revenue Breakdown

Market Position of Medidata

Competitors

Medidata Online and Social Media Presence

Medidata Company Life and Culture

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