Nimble Storage

Technology cloud storage data storage enterprise software hardware predictive analytics

Nimble Storage is a predictive flash storage technology company which gives businesses the fastest, most reliable access to data. The Company produces hardware and software products for data storage, specifically data storage arrays that use the iSCSI and Fibre Channel protocols and includes data backup and data protection features. Nimble's predictive analytics combined with flash storage radically simplify IT operations in one's data center and in the cloud.

Nimble's patented Cache Accelerated Sequential Layout architecture, designed from the ground up to effectively combine flash with high capacity drives, makes high performance affordable, simplifies and enhances disaster recovery and backup, and delivers stress-free operations.

Revenue(FY, 2017)

$402.6 M

Customers(FY, 2017)

10.2 K

Type

Subsidiary

Parent Company

Hewlett Packard Enterprise

San Jose, US

Founded

2007

Website

nimblestorage.com

Nimble Storage was founded in 2007 and is headquartered in San Jose, US

Key People/Management at Nimble Storage

Suresh Vasudevan

President and CEO

Dan Leary

VP Marketing

Umesh Maheshwari

Founder and CTO

Varun Mehta

Founder and VP of Engineering

Nimble Storage Office Locations

Nimble Storage has offices in San Jose, New York, Durham, Hamburg and in 15 other locations

San Jose, US (HQ)

211 River Oaks Parkway

Seoul, KR

159-1 ASEM Tower 30F, #3055 Samsung-Dong, Gangnam-Gu

Tokyo, JP

Shinagawa East One Tower 4F 2-16-1 Konan, Minato-ku

Hong Kong, HK

31/F, Tower One, Times Square, 1 Matheson Street

Beijing, CN

A2 Gong Ti Bei Rd

North Sydney, AU

Level 6, 111 Pacific Highway

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Nimble Storage Financials and Metrics

Nimble Storage Summary

Founding Date	2007
Total Funding	$139.8 m
Investors	Sequoia Capital, GGV Capital, Lightspeed Venture Partners, Accel Partners, Wing Venture Capital, ARTIS Ventures

In total, Nimble Storage had raised $139.8 m. Nimble Storage is a subsidiary of Hewlett Packard Enterprise

Nimble Storage Financials

Nimble Storage's revenue was reported to be $402.6 m in FY, 2017 which is a 25% increase from the previous period.

Income Statement

Annual

USD	FY, 2015	FY, 2016	FY, 2017
Revenue	227.7 m	322.2 m	402.6 m
Revenue growth, %		42%	25%
Cost of goods sold	79 m	112.6 m	145.7 m
Gross profit	148.7 m	209.6 m	256.9 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	46.5 m	53.8 m	59.1 m	71.3 m	80.1 m	80.7 m	86.4 m	97.1 m	102 m
Cost of goods sold	16.3 m	18.5 m	20.7 m	24.8 m	27.8 m	28 m	31.6 m	34.4 m	37 m
Gross profit	30.2 m	35.2 m	38.4 m	46.5 m	52.3 m	52.7 m	54.8 m	62.7 m	65.1 m
Gross profit Margin, %	65%	66%	65%	65%	65%	65%	63%	65%	64%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2015	FY, 2016	FY, 2017
Cash	208.4 m	211.2 m	184.8 m
Accounts Receivable	35.3 m	50.4 m	64.3 m
Inventories	12 m	16 m	21.9 m
Current Assets	260.6 m	283.6 m	280 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	204.3 m	205.8 m	205 m	201.5 m	213.6 m	209.7 m	203 m	194.2 m	180.7 m
Inventories	7.3 m	9.3 m	10.6 m	12.9 m	13.7 m	14.7 m	15.5 m	18.1 m	20.4 m
Current Assets	241.5 m	247.8 m	255.2 m	263.8 m	275.3 m	274.9 m	271.8 m	269.4 m	268.2 m
PP&E	23.1 m	24.7 m	29.4 m	38.8 m	43.6 m	46.3 m	49.9 m	50 m	52.9 m

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Cash Flow

Annual

USD	FY, 2015	FY, 2016	FY, 2017
Net Income	(98.8 m)	(120.1 m)	(158.3 m)
Depreciation and Amortization	8.8 m	15.6 m	22.6 m
Accounts Receivable	(17.6 m)	(15.2 m)	(13.9 m)
Inventories	(6.2 m)	(3.9 m)	(9 m)

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Net Income	(19.6 m)	(45.7 m)	(74.1 m)	(29 m)	(59.1 m)	(87.7 m)	(42.7 m)	(82.6 m)	(121.9 m)
Depreciation and Amortization	1.8 m	3.8 m	6 m	3.3 m	6.9 m	11 m	5.1 m	10.6 m	16.5 m
Accounts Receivable	(8.1 m)	(11.9 m)	(17 m)	(9 m)	(7.9 m)	(9.3 m)	3.5 m	1.3 m	(8.8 m)
Inventories	(1.8 m)	(3.7 m)	(4.7 m)	(906 k)	(1.6 m)	(2.6 m)	(604 k)	(4 m)	(6.7 m)