MRV Communications

MRV is empowering the optical edge. We are a leader in converged packet-optical solutions for next-generation mobile backhaul, data center and cloud connectivity enabling customers to virtualize, visualize and monetize their networking resources.
Our end-to-end spectrum of packet optical solutions enable efficient orchestration of the services and applications which drive new revenue streams and operational expenditure reductions for our customers.
For over 25 years, MRV have been trusted by the most demanding service providers, Fortune 1000 companies and governments around the globe to provide best-in-class solutions for their forward-looking networks.
MRV operates R&D centers in North America and Europe, along support centers and sales offices around the world.

Company Growth (employees)
Type
Public
HQ
Los Angeles, US
Founded
1988
Size (employees)
445 (est)
Website
mrv.com
MRV Communications was founded in 1988 and is headquartered in Los Angeles, US

MRV Communications Office Locations

MRV Communications has offices in Los Angeles, Chelmsford and Yokne'am Illit
Los Angeles, US (HQ)
20415 Nordhoff St
Yokne'am Illit, IL
Hayetzira Street, Area 6
Chelmsford, US
300 Apollo Dr
Los Angeles, US
20520 Nordhoff St

MRV Communications Data and Metrics

MRV Communications Financial Metrics

MRV Communications's revenue was reported to be $80.3 m in 2016
Numbers are in $, USD

Revenue (Y, 2016)

80.3 m

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

(9%)

Gross profit (Y, 2016)

39.1 m

Gross profit margin (Y, 2016), %

49%

Net income (Y, 2016)

(11.6 m)

EBIT (Y, 2016)

(11 m)

Market capitalization (25-May-2017)

59.5 m

Closing share price (25-May-2017)

8.9

Cash (31-Dec-2016)

25.1 m
MRV Communications's current market capitalization is $59.5 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015Y, 2016

Revenue

166.2 m172.1 m88.2 m80.3 m

Revenue growth, %

4%(49%)(9%)

Cost of goods sold

108.2 m116.3 m42.6 m41.2 m

Gross profit

58 m55.8 m45.6 m39.1 m

Gross profit Margin, %

35%32%52%49%

Operating expense total

62.4 m63.5 m49.4 m50.2 m

EBIT

(4.4 m)(7.8 m)(3.8 m)(11 m)

EBIT margin, %

(3%)(5%)(4%)(14%)

Interest expense

526 k329 k55 k

Pre tax profit

(5.3 m)

Income tax expense

1.5 m4.3 m2.9 m322 k

Net Income

(6.8 m)(12.2 m)(7.2 m)(11.6 m)
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

27.6 m22.4 m26.2 m25.1 m

Accounts Receivable

50 m43.5 m14.8 m14.3 m

Inventories

23 m21.7 m9.7 m

Current Assets

117.2 m105.4 m63.3 m51.7 m

PP&E

5.6 m4.9 m4.1 m3.1 m

Total Assets

127.9 m114.6 m69.1 m56.3 m

Accounts Payable

24 m24.3 m5.7 m8.4 m

Current Liabilities

58.9 m58.3 m23.8 m24.1 m

Additional Paid-in Capital

1.3 b1.3 b1.3 b1.3 b

Retained Earnings

(1.2 b)(1.2 b)(1.2 b)(1.2 b)

Total Equity

63.8 m51 m41.4 m28.7 m

Financial Leverage

2 x2.2 x1.7 x2 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(6.8 m)(12.2 m)(7.2 m)(11.6 m)

Depreciation and Amortization

1.8 m2.3 m2.1 m1.8 m

Accounts Receivable

(17 m)3.2 m

Inventories

(43 k)82 k127 k754 k

Accounts Payable

3 m2.7 m(1.4 m)2.6 m

Cash From Operating Activities

(4 m)(4.1 m)8.6 m(7.2 m)

Purchases of PP&E

(3.7 m)(1.5 m)(1.4 m)(786 k)

Cash From Investing Activities

(4.1 m)(2.1 m)2.3 m8.8 m

Cash From Financing Activities

(5 m)1.8 m(6.5 m)(2.7 m)
Y, 2016

Financial Leverage

2 x

MRV Communications Market Value History

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MRV Communications Company Life and Culture

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