Mellanox Technologies was founded in 1999 and is headquartered in Sunnyvale, US

President and CEO

Mellanox Technologies has offices in Sunnyvale and Yokne'am Illit

Sunnyvale, US (HQ)

100 350 Oakmead Pkwy

Mellanox Technologies's revenue was reported to be $188.7 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 188.7 m |

## Gross profit (Q1, 2017) | 124.2 m |

## Gross profit margin (Q1, 2017), % | 66% |

## Net income (Q1, 2017) | (12.2 m) |

## EBIT (Q1, 2017) | (12.6 m) |

## Market capitalization (18-Aug-2017) | 2.2 b |

## Cash (31-Mar-2017) | 58.4 m |

Mellanox Technologies's current market capitalization is $2.2 b.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 390.9 m | 463.6 m | 658.1 m | 857.5 m |

## Revenue growth, % | 19% | 42% | 30% | |

## Cost of goods sold | 135.2 m | 148.7 m | 189.2 m | 302 m |

## Gross profit | 255.6 m | 315 m | 468.9 m | 555.5 m |

## Gross profit Margin, % | 65% | 68% | 71% | 65% |

## Sales and marketing expense | 133.8 m | |||

## R&D expense | 322.6 m | |||

## General and administrative expense | 68.5 m | |||

## Operating expense total | 524.9 m | |||

## EBIT | (20.3 m) | (7.2 m) | 75.1 m | 30.6 m |

## EBIT margin, % | (5%) | (2%) | 11% | 4% |

## Interest expense | 7.4 m | |||

## Income tax expense | (3.8 m) | (18.3 m) | ||

## Net Income | (22.9 m) | (24 m) | 92.9 m | 18.5 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 102.6 m | 120.7 m | 146.7 m | 163.1 m | 171.4 m | 196.8 m | 214.8 m | 224.2 m | 188.7 m |

## Cost of goods sold | 34.3 m | 39.5 m | 41.1 m | 47.2 m | 49.1 m | 70.5 m | 79.8 m | 78.2 m | 64.5 m |

## Gross profit | 68.3 m | 81.2 m | 105.6 m | 116 m | 122.2 m | 126.3 m | 135 m | 146 m | 124.2 m |

## Gross profit Margin, % | 67% | 67% | 72% | 71% | 71% | 64% | 63% | 65% | 66% |

## Sales and marketing expense | 18.7 m | 18.9 m | 22.6 m | 23.4 m | 24.8 m | 31.2 m | 32.6 m | 34.4 m | 35.8 m |

## R&D expense | 49.5 m | 54.2 m | 58.1 m | 62.6 m | 65.9 m | 71 m | 82.3 m | 83.6 m | 88.5 m |

## General and administrative expense | 9.5 m | 9.2 m | 9.7 m | 10.7 m | 10.9 m | 27.9 m | 13.5 m | 13.5 m | 12.5 m |

## Operating expense total | 77.7 m | 82.3 m | 90.4 m | 96.6 m | 101.6 m | 130.2 m | 128.4 m | 131.5 m | 136.8 m |

## EBIT | (9.4 m) | (1.1 m) | 15.2 m | 19.4 m | 20.6 m | (3.9 m) | 6.6 m | 14.5 m | (12.6 m) |

## EBIT margin, % | (9%) | (1%) | 10% | 12% | 12% | (2%) | 3% | 6% | (7%) |

## Interest expense | 998 k | 2.2 m | 2.2 m | 2 m | |||||

## Income tax expense | 2.2 m | (1 m) | 2.4 m | 46 k | (874 k) | ||||

## Net Income | (9 m) | 428 k | 10.5 m | 19.2 m | 20 m | (7.2 m) | 4.7 m | 12 m | (12.2 m) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 63.2 m | 51.3 m | 263.2 m | 56.8 m |

## Accounts Receivable | 70.6 m | 64.9 m | 84.3 m | 141.8 m |

## Inventories | 36 m | 44.5 m | 62.5 m | 65.5 m |

## Current Assets | 450.8 m | 516.5 m | 677.2 m | 553.1 m |

## PP&E | 70.8 m | 78.8 m | 100 m | 118.6 m |

## Goodwill | 199.6 m | 200.7 m | 200.7 m | 471.2 m |

## Total Assets | 806.8 m | 863.2 m | 1.1 b | 1.5 b |

## Accounts Payable | 30 m | 39.8 m | 44.6 m | 59.5 m |

## Current Liabilities | 99.6 m | 117.6 m | 137.1 m | 212.6 m |

## Total Liabilities | 497.8 m | |||

## Additional Paid-in Capital | 550.8 m | 615.1 m | 684.8 m | 774.6 m |

## Retained Earnings | 113.6 m | 90.4 m | 183.3 m | 201.8 m |

## Total Equity | 666 m | 701.8 m | 866.7 m | 975.7 m |

## Financial Leverage | 1.2 x | 1.2 x | 1.2 x | 1.5 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 44 m | 54.9 m | 61.7 m | 68.2 m | 140.5 m | 117.9 m | 63.5 m | 55.5 m | 58.4 m |

## Accounts Receivable | 69.4 m | 73 m | 55.9 m | 61 m | 64.7 m | 105.1 m | 117.3 m | 133.1 m | 126.2 m |

## Inventories | 37.1 m | 39.3 m | 50.9 m | 62.8 m | 63.1 m | 72.3 m | 64.7 m | 61.9 m | 75.3 m |

## Current Assets | 467.6 m | 491 m | 555.1 m | 612.8 m | 634.5 m | 462.1 m | 478.9 m | 507.5 m | 549.8 m |

## PP&E | 68.2 m | 74 m | 83.1 m | 92.3 m | 97.3 m | 103.2 m | 112.3 m | 113.6 m | 123.9 m |

## Goodwill | 199.6 m | 201.1 m | 200.7 m | 200.7 m | 200.7 m | 476 m | 476 m | 476 m | 471.2 m |

## Total Assets | 815.9 m | 842.2 m | 899.2 m | 963 m | 986.6 m | 1.4 b | 1.4 b | 1.4 b | 1.5 b |

## Accounts Payable | 30.2 m | 37.2 m | 40.3 m | 50.2 m | 42.2 m | 47.6 m | 55.2 m | 50.5 m | 63.5 m |

## Current Liabilities | 101 m | 110.8 m | 120.6 m | 140.9 m | 127.4 m | 199.4 m | 194.1 m | 184.4 m | 208.2 m |

## Additional Paid-in Capital | 581.5 m | 601.8 m | 634.1 m | 650 m | 670 m | 713 m | 732.6 m | 761.4 m | 801.8 m |

## Retained Earnings | 93.3 m | 94.9 m | 100.9 m | 120.2 m | 140.1 m | 176.2 m | 180.8 m | 192.8 m | 188.8 m |

## Total Equity | 675.7 m | 694.7 m | 732 m | 772.4 m | 808.5 m | 891.8 m | 913.9 m | 956.4 m | 994.2 m |

## Financial Leverage | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.6 x | 1.5 x | 1.5 x | 1.5 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (22.9 m) | (24 m) | 92.9 m | 18.5 m |

## Depreciation and Amortization | 35.9 m | 38.7 m | 41.4 m | 97.7 m |

## Accounts Receivable | (8.9 m) | 5.4 m | (19 m) | (41.3 m) |

## Inventories | 9.3 m | (9.6 m) | (25 m) | 8.3 m |

## Accounts Payable | (4.4 m) | 9.7 m | 3.8 m | 13.3 m |

## Cash From Operating Activities | 52 m | 80.1 m | 150.5 m | 196.1 m |

## Purchases of PP&E | (30.9 m) | (29.9 m) | (48.6 m) | (43 m) |

## Cash From Investing Activities | (121.9 m) | (107.7 m) | ||

## Cash From Financing Activities | 16.1 m | 15.7 m | 17.8 m | 261.6 m |

## Interest Paid | 57 k | 31 k | 27 k | 5.3 m |

## Income Taxes Paid | 1.3 m | 913 k | 1.1 m | 835 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (9 m) | 428 k | 10.5 m | 19.2 m | 20 m | (7.2 m) | 4.7 m | 12 m | (12.2 m) |

## Depreciation and Amortization | 20.6 m | ||||||||

## Accounts Receivable | 69.4 m | 73 m | 55.9 m | 61 m | 64.7 m | (4.7 m) | 117.3 m | 133.1 m | 126.2 m |

## Inventories | 37.1 m | 39.3 m | 50.9 m | 62.8 m | 63.1 m | 4.4 m | 64.7 m | 61.9 m | 75.3 m |

## Accounts Payable | 30.2 m | 37.2 m | 40.3 m | 50.2 m | 42.2 m | 3.3 m | 55.2 m | 50.5 m | 63.5 m |

## Cash From Operating Activities | 48.6 m | ||||||||

## Purchases of PP&E | (8.3 m) | ||||||||

## Cash From Investing Activities | (477.1 m) | ||||||||

## Cash From Financing Activities | 283.2 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 78.8 k |

## Financial Leverage | 1.5 x |

Mellanox Technologies's Patent Applications was reported to be 234 in FY, 2016, which is a 42% increase from the previous period

Source: 48 public H-1B filings from Mellanox Technologies

October 14, 2016

They're banding together with seven other tech firms, including Dell-EMC and HPE.

June 21, 2016

* Announced that they concluded cooperative agreement
involving establishment of JD.com-Mellanox Joint Innovation Lab
Source text for Eikon:
)

June 16, 2016

* Mellanox to employ 10 programmers in Gaza within six
months