Novatel Wireless

Novatel Wireless, Inc. is a leading provider of wireless broadband access solutions for the worldwide mobile communications market. Our solutions enable the mobile workforce to increase productivity, improve operational efficiencies and maintain a competitive edge.

Novatel Wireless delivers a broad range of high-quality, 3G wireless PC cards, ExpressCards, USB modems, embedded modules, fixed and mobile terminal solutions and communication software to wireless network operators, distributors, original equipment manufacturers (OEMs), and vertical markets worldwide. Our solutions provide mobile marketplace with secure and convenient high-speed access to corporate, public and personal information through the Internet and enterprise networks. We also offer our extensive technical expertise to our customers to facilitate the use and integration of our products.

Headquartered in San Diego, California, Novatel Wireless has been issued 30 technology patents and has established partnerships with leading telecom operators, infrastructure providers and device manufacturers around the world. Novatel Wireless is listed on NASDAQ: NVTL.

Type
Public
HQ
San Diego, US
Founded
1996
Size (employees)
1,330 (est)
Novatel Wireless was founded in 1996 and is headquartered in San Diego, US

Novatel Wireless Office Locations

Novatel Wireless has an office in San Diego
San Diego, US (HQ)
9645 Scranton Road

Novatel Wireless Data and Metrics

Novatel Wireless Financial Metrics

Novatel Wireless's revenue was reported to be $220.9 m in FY, 2015 which is a 19% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2015)

220.9 m

Revenue growth (FY, 2014 - FY, 2015), %

19%

Gross profit (FY, 2015)

59 m

Gross profit margin (FY, 2015), %

27%

Net income (FY, 2015)

(52.3 m)

EBIT (FY, 2015)

(37.8 m)

Market capitalization (08-Nov-2016)

134.7 m

Closing share price (08-Nov-2016)

2.5

Cash (31-Dec-2015)

12.6 m
Novatel Wireless's current market capitalization is $134.7 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015

Revenue

335.1 m185.2 m220.9 m

Revenue growth, %

(45%)19%

Cost of goods sold

266.8 m148.2 m162 m

Gross profit

68.3 m37 m59 m

Gross profit Margin, %

20%20%27%

Operating expense total

111.5 m72.6 m96.7 m

EBIT

(43.2 m)(35.6 m)(37.8 m)

EBIT margin, %

(13%)(19%)(17%)

Interest expense

85 k7.2 m

Interest income

85 k7.2 m

Pre tax profit

(43.3 m)(39.1 m)(52.1 m)

Income tax expense

83 k124 k181 k

Net Income

(43.4 m)(39.7 m)(52.3 m)
Numbers are in $, USDFY, 2013FY, 2014FY, 2015

Cash

2.9 m17.9 m12.6 m

Accounts Receivable

Inventories

27.8 m37.8 m55.8 m

Current Assets

95.6 m87.8 m111 m

PP&E

8.8 m

Goodwill

29.5 m

Total Assets

111.5 m95 m198.8 m

Accounts Payable

24.5 m34.5 m35.3 m

Current Liabilities

54.7 m58.4 m64.2 m

Additional Paid-in Capital

441.4 m466.7 m502.3 m

Retained Earnings

(371.5 m)(411.2 m)(463.5 m)

Total Equity

44.9 m30.5 m

Financial Leverage

2.5 x6.5 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015

Net Income

(43.4 m)(39.7 m)(52.3 m)

Depreciation and Amortization

8.9 m7.4 m8.3 m

Accounts Receivable

730 k15.7 m4.8 m

Inventories

6.9 m(13 m)(4 m)

Accounts Payable

(19.2 m)10 m(11.2 m)

Cash From Operating Activities

(26.6 m)(16.3 m)(26.9 m)

Purchases of PP&E

(5 m)(1.8 m)(2 m)

Cash From Investing Activities

11.6 m20.4 m(97.1 m)

Cash From Financing Activities

2 m10.9 m119.2 m

Interest Paid

65 k119 k3.6 m

Income Taxes Paid

121 k108 k139 k
Numbers are in $, USDY, 2015

Revenue/Employee

166.1 k

Financial Leverage

6.5 x

Novatel Wireless Operating Metrics

FY, 2014FY, 2015Aug, 2016Dec, 2016

Patents (US)

3079

Patents (foreign)

31

Subscribers

557 k590 k

Novatel Wireless Median Salaries

Source: 18 public H-1B filings from Novatel Wireless

Novatel Wireless Online and Social Media Presence

Novatel Wireless Company Life and Culture

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