MFLEX (formerly known as Multi-Fineline Electronix) is a provider of flexible printed circuits and assemblies to the consumer electronics industry. Its solutions range from design and application engineering, prototyping, and manufacturing to turnkey component assembly and testing. The applications for the company's products include smartphones, tablets, computer/data storage, portable bar code scanners, personal computers, wearables, and other consumer electronic devices.

Employee Rating

2.9More
TypeSubsidiary
HQIrvine, CA, US
Founded1984
Websitemflex.com
Cybersecurity ratingAMore
MFLEX was founded in 1984 and is headquartered in Irvine, CA, US

Viewing summary data as a guest

Sign up for free to see all data

Key People/Management at MFLEX

Reza Meshgin

Reza Meshgin

President and CEO
Jimmy Qian Ziyan

Jimmy Qian Ziyan

CFO
Tian Zhao

Tian Zhao

COO
Show more

MFLEX Office Locations

MFLEX has offices in Irvine, Santa Clara, Shanghai, Shenzhen and in 5 other locations
Irvine, CA, US (HQ)
101 Academy Dr #250
Santa Clara, CA, US
2350 Mission College Blvd #360
Shanghai, CN
Room 311, South Tower No. 20, Lane 1188 Shenhong Rd
Shenzhen, CN
4068 Yitian Rd., Room 4602, Times Square Excellence
Suzhou, CN
No. 68, Nanhu Road, Dongwu Industrial Park
Suzhou, CN
No. 88, Tongdong Road, Hedong Industrial Park
Show all (10)

MFLEX Financials and Metrics

Summary Metrics

Founding Date

1984

MFLEX Revenue

Embed Graph
View revenue for all periods
MFLEX's revenue was reported to be $636.6 m in FY, 2015 which is a 0.5% increase from the previous period.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Revenue

831.6m818.9m787.6m633.2m636.6m

Revenue growth, %

(20%)1%

Cost of goods sold

726.9m736.2m788.8m633.3m556.5m

Gross profit

104.7m82.7m(1.1m)(151.0k)80.1m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Cash

97.9m82.3m105.2m98.7m214.2m

Accounts Receivable

150.5m165.4m132.2m133.7m80.1m

Prepaid Expenses

6.7m10.5m

Inventories

87.2m124.8m86.9m76.0m56.5m
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016

Cash

100.0m75.8m133.0m127.4m92.7m129.8m114.1m111.9m124.6m117.4m155.4m142.9m168.5m205.7m

Accounts Receivable

135.5m191.3m134.7m109.0m215.2m101.6m94.6m147.4m75.5m94.4m87.9m118.7m118.8m61.1m

Prepaid Expenses

2.0m7.3m5.3m4.0m14.9m5.7m4.7m

Inventories

73.3m76.4m93.5m87.3m106.1m55.1m73.6m80.3m57.8m43.4m50.4m58.9m76.6m51.8m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Net Income

37.9m29.5m(65.5m)(84.5m)45.1m

Depreciation and Amortization

45.5m53.1m58.2m51.4m45.5m

Inventories

(1.6m)(37.5m)44.2m10.6m(2.8m)

Accounts Payable

(21.3m)31.3m(9.5m)(7.0m)(29.8m)
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016

Net Income

35.5m13.5m25.6m29.5m8.3m(15.5m)(47.1m)(9.3m)(61.7m)(90.5m)9.1m21.0m34.7m(9.7m)

Depreciation and Amortization

33.7m12.7m26.7m40.1m14.4m29.2m44.0m12.8m26.5m39.3m11.5m23.1m35.3m9.8m

Inventories

5.4m13.1m(4.3m)736.0k20.6m71.7m55.0m8.4m29.2m43.3m14.4m6.9m(20.3m)5.4m

Accounts Payable

(45.4m)2.6m6.2m(25.4m)30.2m(56.4m)(62.8m)12.2m(49.4m)(62.0m)(41.2m)(35.1m)(6.4m)(25.2m)
USDQ3, 2011

Financial Leverage

1.4 x
Show all financial metrics

MFLEX Operating Metrics

FY, 2013FY, 2014FY, 2015

Backlog

$161.7 m$483 m$142.4 m
Show all operating metrics

MFLEX Acquisitions / Subsidiaries

Company NameDateDeal Size
MFLEX B.V.
M-Flex Cayman Islands
MFLEX Chengdu
MFLEX Korea
MFLEX Suzhou
MFLEX UK
Multi-Fineline Electronix Malaysia
Multi-Fineline Electronix Singapore

MFLEX Revenue Breakdown

Embed Graph

MFLEX revenue breakdown by geographic segment: 47.4% from China, 51.6% from Singapore and 1.0% from Other

MFLEX Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

MFLEX Online and Social Media Presence

Embed Graph

MFLEX News and Updates

IDEX Biometrics Further Strengthens its Supply Chain by Partnering with MFLEX

Oslo, Norway – 3 March 2021 - IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has signed an agreement with Multi-Fineline Electronix, Inc. (MFLEX), a subsidiary of Suzhou Dongshan Precision Manufacturing Co., Ltd. (DSBJ), and a leading glo…

Global Flexible Printed Circuit Board (FPCB) Market 2018-2023 By Applications and Major Key Players Like Career Technology (Mfg.) Co., Ltd., NOK Corporation, Daeduck GDS, Flexcom Inc., Fujikura Ltd., Multi-Fineline Electronix, Inc. (MFLEX), Sumitomo Elect

Global Flexible Printed Circuit Board (FPCB) Market is growing due to growing requirements for quality inspection and surge in demand. It also provides pin-point analysis for changing competitive dynamics and provides healthy CAGR during the period 2023. Posted via Industry Today. Follow us on Twitt…

BRIEF-Flex To Divest Multek's China Operations To Multi-Fineline Electronix

* FLEX TO DIVEST MULTEK'S CHINA OPERATIONS TO MULTI-FINELINE ELECTRONIX INC ("MFLEX")

MFLEX Frequently Asked Questions

  • When was MFLEX founded?

    MFLEX was founded in 1984.

  • Who are MFLEX key executives?

    MFLEX's key executives are Reza Meshgin, Jimmy Qian Ziyan and Tian Zhao.

  • How many employees does MFLEX have?

    MFLEX has 617 employees.

  • What is MFLEX revenue?

    Latest MFLEX annual revenue is $636.6 m.

  • What is MFLEX revenue per employee?

    Latest MFLEX revenue per employee is $1 m.

  • Who are MFLEX competitors?

    Competitors of MFLEX include AT&S, Minco Products and Electro Scientific Industries.

  • Where is MFLEX headquarters?

    MFLEX headquarters is located at 101 Academy Dr #250, Irvine.

  • Where are MFLEX offices?

    MFLEX has offices in Irvine, Santa Clara, Shanghai, Shenzhen and in 5 other locations.

  • How many offices does MFLEX have?

    MFLEX has 10 offices.