MobileIron (MOBL) Financials

$432.7 M

Mkt cap, 25-May-2018

$43.7 M

Revenue Q1, 2018
Gross profit (Q1, 2018)35.7 M
Gross profit margin (Q1, 2018), %81.7%
Net income (Q1, 2018)-16.4 M
EBIT (Q1, 2018)-16.5 M
Cash, 31-Mar-201896.3 M

Revenue/Financials

Income Statement

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

40.9 m105.6 m132.3 m149.3 m163.9 m176.5 m

Revenue growth, %

158%25%13%10%

Cost of goods sold

24 m28.2 m30.5 m30.5 m

Gross profit

108.3 m121.1 m133.4 m146 m

Gross profit Margin, %

82%81%81%83%

Sales and marketing expense

99.9 m105.5 m101.8 m96.5 m

R&D expense

46.3 m61.9 m67.4 m75.4 m

General and administrative expense

22.4 m36 m29.7 m28.1 m

Operating expense total

168.5 m203.4 m198.9 m202.1 m

EBIT

(61.1 m)(83.4 m)(66.3 m)(56.1 m)

EBIT margin, %

(46%)(56%)(40%)(32%)

Pre tax profit

(61.4 m)(83.6 m)(66.2 m)(55.2 m)

Income tax expense

(1.4 m)252 k517 k852 k982 k1.1 m

Net Income

(61.9 m)(84.5 m)(67.2 m)(56.3 m)

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

31.5 m34.9 m33.5 m34.8 m38 m38 m38.9 m41.6 m42.3 m42.7 m42.7 m43.7 m

Cost of goods sold

5.9 m6.4 m6.5 m6.6 m7.6 m7.3 m8.1 m7.8 m7.3 m8 m8 m8 m

Gross profit

25.6 m28.5 m27 m28.2 m30.4 m30.7 m30.8 m33.8 m35 m34.6 m34.7 m35.7 m

Gross profit Margin, %

81%82%81%81%80%81%79%81%83%81%81%82%

Sales and marketing expense

25.1 m25.6 m25.8 m29 m25.9 m25.7 m27.2 m24 m23.3 m25.7 m23.7 m

R&D expense

11.9 m11.6 m13.5 m14.9 m17 m16.9 m18 m16.2 m17.2 m19.7 m21.3 m

General and administrative expense

5.1 m6.2 m8.4 m9.1 m10.5 m7.5 m8.3 m7 m6.2 m7.8 m7.2 m

Operating expense total

42.5 m43.8 m47.7 m53 m54.3 m50.1 m53.5 m48.1 m47.8 m53.2 m51.6 m52.2 m

EBIT

(16.9 m)(15.3 m)(20.7 m)(24.9 m)(23.9 m)(19.4 m)(22.8 m)(14.3 m)(12.8 m)(18.6 m)(16.9 m)(16.5 m)

EBIT margin, %

(54%)(44%)(62%)(72%)(63%)(51%)(59%)(34%)(30%)(44%)(40%)(38%)

Pre tax profit

(17 m)(15.4 m)(20.8 m)(24.9 m)(23.9 m)(19.3 m)(22.7 m)(14.3 m)(12.6 m)(18.2 m)(16.7 m)(16 m)

Income tax expense

111 k135 k133 k144 k183 k176 k198 k298 k199 k324 k358 k347 k

Net Income

(17.1 m)(15.5 m)(21 m)(25 m)(24.1 m)(19.4 m)(22.9 m)(14.6 m)(12.8 m)(18.5 m)(17.1 m)(16.4 m)

Balance Sheet

Annual

usdY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

23.8 m38.7 m73.6 m104.3 m47.2 m54 m85.8 m

Accounts Receivable

479.4 k

Inventories

4 m4.8 m6.1 m

Current Assets

156.9 m144.3 m140.1 m146.3 m

PP&E

4 m6.6 m5.5 m8.8 m

Goodwill

5.5 m5.5 m5.5 m5.5 m

Total Assets

191.8 m161.1 m153.1 m162.6 m

Accounts Payable

1.1 m2.6 m701 k1.4 m

Short-term debt

4.3 m

Current Liabilities

66.4 m77.7 m90.5 m110.8 m

Total Liabilities

112.3 m140.7 m

Additional Paid-in Capital

305.8 m343.3 m383.2 m420.5 m

Retained Earnings

(190.7 m)(275.2 m)(342.4 m)(398.7 m)

Total Equity

115.1 m68.1 m40.8 m21.9 m

Financial Leverage

1.7 x2.4 x3.8 x7.4 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

155.3 m147.4 m96.7 m45.7 m44.6 m48.6 m41.5 m38.1 m79.3 m85.9 m79.6 m96.3 m

Inventories

5.4 m

Current Assets

188 m185.7 m154.1 m145.4 m137.7 m133.2 m127.4 m127.6 m141.6 m141.9 m135.4 m150.2 m

PP&E

4.4 m4.8 m4.5 m6.9 m6.4 m5.8 m5.2 m7.5 m8.2 m

Goodwill

5.5 m5.5 m5.5 m5.5 m5.5 m5.5 m5.5 m5.5 m5.5 m5.5 m5.5 m5.5 m

Total Assets

199.9 m197.1 m182.8 m168.7 m157.8 m149.7 m142.4 m141.8 m154.4 m157 m151.6 m175.7 m

Accounts Payable

3 m3.5 m4.9 m2.4 m3 m1.6 m2.5 m1.1 m2.6 m4.6 m2.6 m1.3 m

Current Liabilities

54.7 m63.2 m65.9 m67.1 m71 m68.6 m76.2 m77.8 m90.2 m103.3 m101 m92.1 m

Total Liabilities

64.6 m72 m76.4 m80 m83.6 m85.1 m93.7 m98.6 m113.2 m126 m128 m117.3 m

Additional Paid-in Capital

295.2 m300.4 m318.1 m325.4 m335 m359.2 m366.2 m375.4 m396.3 m404.7 m414.5 m435.7 m

Retained Earnings

(159.9 m)(175.4 m)(211.7 m)(236.7 m)(260.8 m)(294.7 m)(317.6 m)(332.2 m)(355.2 m)(373.8 m)(390.8 m)(377.4 m)

Total Equity

135.3 m125 m106.4 m88.7 m74.2 m64.6 m48.7 m43.2 m41.1 m30.9 m23.6 m58.4 m

Financial Leverage

1.5 x1.6 x1.7 x1.9 x2.1 x2.3 x2.9 x3.3 x3.8 x5.1 x6.4 x3 x

Cash Flow

Annual

usdFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(61.9 m)(84.5 m)(67.2 m)(56.3 m)

Depreciation and Amortization

3.6 m782 k782 k3.4 m

Accounts Receivable

(10.6 m)(6.7 m)(14.1 m)(4.6 m)

Inventories

4.8 m6.1 m

Accounts Payable

(12 k)2.6 m701 k439 k

Cash From Operating Activities

30.7 m(57.1 m)3 m

Purchases of PP&E

(72.2 m)(6.5 m)

Cash From Investing Activities

(39.9 m)23 m

Cash From Financing Activities

107.2 m5.8 m

Income Taxes Paid

271 k1.2 m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018

Net Income

(31.1 m)(46.6 m)(21 m)(25 m)(24.1 m)(19.4 m)(22.9 m)(14.6 m)(12.8 m)(17.1 m)(16.4 m)

Depreciation and Amortization

1.7 m2.8 m52 k365 k365 k1.1 m

Accounts Receivable

(4.2 m)(9.6 m)14.4 m

Inventories

5.4 m

Accounts Payable

1.2 m2.3 m4.9 m2.4 m3 m1.6 m2.5 m1.1 m2.6 m2.6 m3 k

Cash From Operating Activities

(20.1 m)(29.4 m)9.2 m

Purchases of PP&E

(1.4 m)(1.9 m)(6 m)

Cash From Investing Activities

(1.4 m)(1.9 m)3.3 m

Cash From Financing Activities

103.3 m105.2 m(2 m)

Income Taxes Paid

99 k222 k474 k

Ratios

USDY, 2018

Financial Leverage

3 x
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Operating Metrics

MobileIron's Customers was reported to be 14.5 k in Jan, 2018.
Q1, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Jun, 2017Q2, 2017Q3, 2017Jan, 2018

Billings

$42.24 m$145.72 m$36.41 m$38.90 m$41.09 m$48.59 m$165 m$38.29 m$42.21 m$47.25 m$55.38 m$182.13 m$45.37 m$44.87 m$50.36 m

Recurring Billings

$91.28 m$145.72 m$23.61 m$25.13 m$27.26 m$31.49 m$107.49 m$26.77 m$30.44 m$34.92 m$39.65 m$131.77 m$33.98 m$33.72 m$37.53 m

Customers

8 k10.50 k13.50 k14.50 k14.50 k

Partners

550

Patents (US)

60 62

Patents Issued

26 40
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