Qlik Technologies (QLIK) Financials

Summary - Funding Rounds

Founding Date

1993
Qlik Technologies is a subsidiary of Thoma Bravo

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015

Revenue

470.5 m556.8 m612.7 m

Revenue growth, %

18%10%

Cost of goods sold

61.8 m75.5 m90.6 m

Gross profit

408.6 m481.3 m522.1 m

Gross profit Margin, %

87%86%85%

Sales and marketing expense

255 m308.4 m347.4 m

R&D expense

60.4 m72.6 m74.8 m

General and administrative expense

89.8 m109.2 m111.6 m

Operating expense total

405.2 m490.2 m533.8 m

EBIT

3.4 m(8.9 m)(11.6 m)

EBIT margin, %

1%(2%)(2%)

Interest income

231 k147 k128 k

Pre tax profit

900 k(10.7 m)(18.4 m)

Income tax expense

(10.9 m)(13.9 m)(18 m)

Net Income

(10 m)(24.6 m)(36.5 m)

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015

Cash

227.7 m244 m320.1 m

Accounts Receivable

162 m203.8 m236.7 m

Prepaid Expenses

16.3 m19.9 m17.7 m

Current Assets

407.9 m467.7 m574.5 m

PP&E

21.5 m26.5 m31.4 m

Goodwill

21.2 m38.7 m37.4 m

Total Assets

467.9 m561.9 m666.6 m

Accounts Payable

5.3 m6.9 m6.8 m

Current Liabilities

183.4 m231 m285.3 m

Total Liabilities

195.8 m253.4 m304.8 m

Common Stock

9 k9 k9 k

Additional Paid-in Capital

265.7 m327.4 m419.3 m

Retained Earnings

3 m(21.6 m)(58.1 m)

Total Equity

272.2 m308.5 m361.8 m

Financial Leverage

1.7 x1.8 x1.8 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Cash

253.3 m255 m242 m281.1 m306.4 m321.2 m370 m381.9 m

Accounts Receivable

123.9 m126.1 m129.1 m142.6 m150.9 m129.9 m144.6 m180.3 m

Prepaid Expenses

19.1 m15.4 m13.5 m16.4 m17 m13.9 m25.6 m20.9 m

Current Assets

398.8 m398.4 m386.4 m442.1 m476.3 m467 m540.2 m583.1 m

PP&E

24.2 m26.8 m27 m26.2 m28.7 m30.1 m30.8 m29.3 m

Goodwill

21.3 m21.1 m20 m37.8 m38.6 m37.8 m38.3 m40.5 m

Total Assets

461.5 m462.6 m448.2 m529 m565.5 m557.3 m631.6 m674.3 m

Accounts Payable

6.3 m4.7 m7.4 m3.7 m6.5 m5.8 m6.6 m7.1 m

Current Liabilities

185.5 m184.8 m174 m209.7 m232.9 m214 m263.1 m281.6 m

Total Liabilities

197.7 m197.4 m184.3 m230.2 m253.4 m235.5 m281.5 m300.9 m

Common Stock

9 k9 k9 k9 k9 k9 k9 k10 k

Additional Paid-in Capital

283 m294.5 m309.4 m350.2 m376.3 m402.8 m436.2 m464.7 m

Retained Earnings

(22.8 m)(33 m)(47.4 m)(51.9 m)(64.9 m)(80.9 m)(85.1 m)(91.8 m)

Total Equity

263.8 m265.2 m263.9 m298.8 m312.1 m321.7 m350.1 m373.4 m

Financial Leverage

1.7 x1.7 x1.7 x1.8 x1.8 x1.7 x1.8 x1.8 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015

Net Income

(10 m)(24.6 m)(36.5 m)

Depreciation and Amortization

8.2 m11.7 m15.3 m

Accounts Receivable

(18.7 m)(51 m)(46.1 m)

Cash From Operating Activities

29.7 m35.6 m59.6 m

Cash From Investing Activities

(23 m)(30.3 m)(18 m)

Short-term Borrowings

(1 k)(132 k)

Cash From Financing Activities

25.7 m23.4 m44.8 m

Net Change in Cash

31.9 m16.3 m76 m

Income Taxes Paid

10.5 m11.1 m9.9 m

Free Cash Flow

20.1 m22.6 m44.4 m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Net Income

(25.9 m)(36.1 m)(50.5 m)(30.3 m)(43.3 m)(59.3 m)(27 m)(33.7 m)

Depreciation and Amortization

2.6 m5.1 m8.3 m3.4 m7 m11.1 m4.3 m8.7 m

Accounts Receivable

37.7 m35.2 m27.2 m50.7 m43.6 m61.7 m93.5 m54.4 m

Cash From Operating Activities

19.4 m23.5 m17.3 m36 m49.6 m56.1 m41.7 m48.6 m

Cash From Investing Activities

(3.4 m)(7.9 m)(11.2 m)(3 m)(10.7 m)(14.4 m)(2.3 m)(6.7 m)

Cash From Financing Activities

9.4 m12.3 m15.5 m13.4 m29.9 m44 m6.6 m20.7 m

Net Change in Cash

25.6 m27.3 m14.3 m37 m62.3 m77.2 m49.9 m61.8 m

Income Taxes Paid

2.2 m4 m7.2 m1.9 m3.6 m5.5 m1.5 m3.7 m

Free Cash Flow

16 m15.6 m6.1 m33 m41.8 m44.6 m39.4 m43.9 m
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Operating Metrics

FY, 2013Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Jan, 2018

Customers

31 k32 k33 k33 k34 k35 k36 k37 k38 k39 k40 k45 k

Countries

100 100 100 100 100 100 100 100 100 100 100

Partners

1.70 k1.70 k1.70 k1.70 k

Patents (US)

7 8 8

Patents Pending (US)

8 9 9

Patents (foreign)

21 21 6

Patents Pending (foreign)

13 21 22
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