$5.1 B

MLNX Mkt cap, 04-Dec-2018

$279.2 M

Mellanox Technologies Revenue Q3, 2018
Mellanox Technologies Gross profit (Q3, 2018)183.6 M
Mellanox Technologies Gross profit margin (Q3, 2018), %65.8%
Mellanox Technologies Net income (Q3, 2018)37.1 M
Mellanox Technologies EBIT (Q3, 2018)39.5 M
Mellanox Technologies Cash, 30-Sep-201864.2 M

Mellanox Technologies Revenue

Mellanox Technologies revenue was $863.89 m in FY, 2017 which is a 0.7% year over year increase from the previous period.

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Mellanox Technologies Revenue Breakdown

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Mellanox Technologies revenue breakdown by business segment: 17.8% from Cables, accessories and other, 25.8% from Switch systems, 37.7% from Boards and 18.7% from ICs

Mellanox Technologies revenue breakdown by geographic segment: 20.5% from Europe , 37.9% from United States, 10.9% from Other Asia, 10.7% from Other Americas and 20.0% from China

Mellanox Technologies Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

390.9m463.6m658.1m857.5m863.9m

Revenue growth, %

19%42%30%1%

Cost of goods sold

135.2m148.7m189.2m302.0m300.5m

Gross profit

255.6m315.0m468.9m555.5m563.4m

Gross profit Margin, %

65%68%71%65%65%

Sales and marketing expense

133.8m150.5m

R&D expense

322.6m365.9m

General and administrative expense

68.5m52.2m

Operating expense total

524.9m580.5m

EBIT

(20.3m)(7.2m)75.1m30.6m(17.1m)

EBIT margin, %

(5%)(2%)11%4%(2%)

Interest expense

7.4m7.9m

Pre tax profit

(21.9m)

Income tax expense

(3.8m)(18.3m)(2.5m)

Net Income

(22.9m)(24.0m)92.9m18.5m(19.4m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

104.1m98.7m102.6m120.7m146.7m163.1m171.4m196.8m214.8m224.2m188.7m212.0m225.7m251.0m519.5m279.2m

Cost of goods sold

37.0m33.8m34.3m39.5m41.1m47.2m49.1m70.5m79.8m78.2m64.5m73.4m77.3m89.0m192.7m95.6m

Gross profit

67.0m64.9m68.3m81.2m105.6m116.0m122.2m126.3m135.0m146.0m124.2m138.5m148.4m162.0m326.8m183.6m

Gross profit Margin, %

64%66%67%67%72%71%71%64%63%65%66%65%66%65%63%66%

Sales and marketing expense

18.1m19.3m18.7m18.9m22.6m23.4m24.8m31.2m32.6m34.4m35.8m38.1m37.8m39.5m75.2m36.3m

R&D expense

44.2m48.3m49.5m54.2m58.1m62.6m65.9m71.0m82.3m83.6m88.5m92.3m90.9m86.4m173.6m92.9m

General and administrative expense

9.6m8.2m9.5m9.2m9.7m10.7m10.9m27.9m13.5m13.5m12.5m12.5m13.0m16.5m40.2m13.9m

Operating expense total

71.9m75.8m77.7m82.3m90.4m96.6m101.6m130.2m128.4m131.5m136.8m142.9m141.8m150.0m298.3m144.1m

EBIT

(4.8m)(10.9m)(9.4m)(1.1m)15.2m19.4m20.6m(3.9m)6.6m14.5m(12.6m)(4.4m)6.6m12.0m28.5m39.5m

EBIT margin, %

(5%)(11%)(9%)(1%)10%12%12%(2%)3%6%(7%)(2%)3%5%5%14%

Interest expense

998.0k2.2m2.2m2.0m2.0m2.0m1.2m2.0m66.0k

Income tax expense

(1.1m)(654.0k)2.2m(1.0m)2.4m46.0k(874.0k)2.4m2.1m

Net Income

(5.4m)(11.4m)(9.0m)428.0k10.5m19.2m20.0m(7.2m)4.7m12.0m(12.2m)(8.0m)3.4m37.8m54.4m37.1m

Mellanox Technologies Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

63.2m51.3m263.2m56.8m62.5m

Accounts Receivable

70.6m64.9m84.3m141.8m154.2m

Inventories

36.0m44.5m62.5m65.5m64.7m

Current Assets

450.8m516.5m677.2m553.1m506.9m

PP&E

70.8m78.8m100.0m118.6m109.9m

Goodwill

199.6m200.7m200.7m471.2m472.7m

Total Assets

806.8m863.2m1.1b1.5b1.4b

Accounts Payable

30.0m39.8m44.6m59.5m59.1m

Current Liabilities

99.6m117.6m137.1m212.6m196.6m

Long-term debt

72.8m

Total Debt

72.8m

Total Liabilities

497.8m344.5m

Common Stock

221.0k

Additional Paid-in Capital

550.8m615.1m684.8m774.6m874.0m

Retained Earnings

113.6m90.4m183.3m201.8m181.6m

Total Equity

666.0m701.8m866.7m975.7m1.1b

Financial Leverage

1.2 x1.2 x1.2 x1.5 x1.3 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

37.9m48.0m44.0m54.9m61.7m68.2m140.5m117.9m63.5m55.5m58.4m55.7m90.6m63.4m64.2m

Accounts Receivable

73.8m65.1m69.4m73.0m55.9m61.0m64.7m105.1m117.3m133.1m126.2m149.5m142.9m155.7m142.8m

Inventories

32.5m38.8m37.1m39.3m50.9m62.8m63.1m72.3m64.7m61.9m75.3m72.0m69.9m94.5m105.0m

Current Assets

421.6m458.8m467.6m491.0m555.1m612.8m634.5m462.1m478.9m507.5m549.8m552.5m514.6m544.8m612.7m

PP&E

68.9m70.4m68.2m74.0m83.1m92.3m97.3m103.2m112.3m113.6m123.9m121.2m110.1m106.7m105.0m

Goodwill

199.6m199.6m199.6m201.1m200.7m200.7m200.7m476.0m476.0m476.0m471.2m471.2m472.4m473.9m473.9m

Total Assets

786.9m812.0m815.9m842.2m899.2m963.0m986.6m1.4b1.4b1.4b1.5b1.5b1.4b1.4b1.5b

Accounts Payable

24.8m28.6m30.2m37.2m40.3m50.2m42.2m47.6m55.2m50.5m63.5m58.8m64.5m71.1m72.9m

Current Liabilities

83.9m98.8m101.0m110.8m120.6m140.9m127.4m199.4m194.1m184.4m208.2m198.0m226.7m216.6m193.7m

Total Liabilities

125.9m139.8m140.2m147.5m167.2m190.6m178.1m506.6m493.7m478.6m484.8m461.6m301.2m288.0m269.9m

Additional Paid-in Capital

538.2m569.1m581.5m601.8m634.1m650.0m670.0m713.0m732.6m761.4m801.8m820.2m903.0m923.2m956.3m

Retained Earnings

120.9m102.2m93.3m94.9m100.9m120.2m140.1m176.2m180.8m192.8m188.8m180.8m224.0m240.5m277.6m

Total Equity

661.1m672.2m675.7m694.7m732.0m772.4m808.5m891.8m913.9m956.4m994.2m1.0b1.1b1.2b1.2b

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.6 x1.5 x1.5 x1.5 x1.5 x1.3 x1.2 x1.2 x

Mellanox Technologies Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(22.9m)(24.0m)92.9m18.5m(19.4m)

Depreciation and Amortization

35.9m38.7m41.4m97.7m103.8m

Accounts Receivable

(8.9m)5.4m(19.0m)(41.3m)(12.2m)

Inventories

9.3m(9.6m)(25.0m)8.3m(887.0k)

Accounts Payable

(4.4m)9.7m3.8m13.3m170.0k

Cash From Operating Activities

52.0m80.1m150.5m196.1m161.3m

Purchases of PP&E

(30.9m)(29.9m)(48.6m)(43.0m)(41.4m)

Cash From Investing Activities

(121.9m)(107.7m)2.0m

Long-term Borrowings

(179.4m)

Cash From Financing Activities

16.1m15.7m17.8m261.6m(149.6m)

Net Change in Cash

13.7m

Interest Paid

57.0k31.0k27.0k5.3m5.4m

Income Taxes Paid

1.3m913.0k1.1m835.0k1.2m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(5.4m)(11.4m)(9.0m)428.0k10.5m19.2m20.0m(7.2m)4.7m12.0m(12.2m)(20.2m)(16.8m)37.8m54.4m91.4m

Depreciation and Amortization

20.6m50.8m76.6m26.4m52.7m77.5m

Accounts Receivable

69.4m73.0m55.9m61.0m64.7m(4.7m)117.3m133.1m126.2m(7.8m)8.4m11.3m(1.5m)11.4m

Inventories

37.1m39.3m50.9m62.8m63.1m4.4m64.7m61.9m75.3m(7.7m)2.3m(5.7m)(30.6m)(41.8m)

Accounts Payable

30.2m37.2m40.3m50.2m42.2m3.3m55.2m50.5m63.5m48.0k(14.9m)3.9m12.5m13.7m

Cash From Operating Activities

48.6m41.4m94.4m55.4m102.1m168.5m

Purchases of PP&E

(8.3m)(27.1m)(35.2m)(7.2m)(20.1m)(29.0m)

Cash From Investing Activities

(477.1m)(21.6m)(65.9m)(210.0k)(43.2m)(119.5m)

Cash From Financing Activities

283.2m(20.9m)(26.9m)(27.1m)(58.1m)(47.3m)

Mellanox Technologies Ratios

USDY, 2018

Financial Leverage

1.2 x
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Mellanox Technologies Operating Metrics

FY, 2014FY, 2015FY, 2016

Designs

4 8

Patent Applications

157 165 234

Patents (Foreign)

48 49 61

Patents (US)

199 236 346
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Mellanox Technologies Employee Rating

4.2174 votes
Culture & Values
3.0
Work/Life Balance
2.9
Senior Management
3.2
Salary & Benefits
3.7
Career Opportunities
3.3
Source