$1.2 B

SEND Mkt cap, 20-Jul-2018

$28.3 M

SendGrid Revenue Q3, 2017
SendGrid Gross profit (Q3, 2017)20.7 M
SendGrid Gross profit margin (Q3, 2017), %73.1%
SendGrid Net income (Q3, 2017)-1.6 M
SendGrid EBIT (Q3, 2017)-1.6 M
SendGrid Cash, 30-Sep-201737.4 M
SendGrid EV1.2 B

SendGrid Revenue

SendGrid revenue was $79.93 m in FY, 2016 which is a 36.7% year over year increase from the previous period.

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SendGrid Revenue Breakdown

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SendGrid revenue breakdown by geographic segment: 37.0% from International and 63.0% from United States

SendGrid Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

42.8 m58.5 m79.9 m

Revenue growth, %

37%37%

Cost of goods sold

15.2 m19 m21.6 m

Gross profit

27.6 m39.5 m58.3 m

Gross profit Margin, %

64%68%73%

Sales and marketing expense

15.3 m13.7 m21.8 m

R&D expense

15.3 m19 m21.2 m

General and administrative expense

9.6 m12.5 m18.9 m

Operating expense total

40.2 m45.2 m61.9 m

EBIT

(12.6 m)(5.7 m)(3.6 m)

EBIT margin, %

(29%)(10%)(5%)

Interest expense

305 k165 k195 k

Pre tax profit

(13 m)(5.9 m)(3.9 m)

Net Income

(13 m)(5.9 m)(3.9 m)

SendGrid Balance Sheet

Annual

USDFY, 2015FY, 2016

Cash

9.3 m40.4 m

Accounts Receivable

2.6 m4.1 m

Prepaid Expenses

1.7 m2.6 m

Current Assets

14 m47.2 m

PP&E

10.4 m19.2 m

Total Assets

24.7 m66.6 m

Accounts Payable

3.6 m7.8 m

Short-term debt

4.2 m5 m

Current Liabilities

8.3 m13.4 m

Long-term debt

3.2 m5.6 m

Total Debt

7.3 m10.7 m

Total Liabilities

12.8 m23.7 m

Common Stock

4 k5 k

Preferred Stock

47.9 m80.7 m

Additional Paid-in Capital

3.7 m5.8 m

Retained Earnings

(39.7 m)(43.6 m)

Total Equity

(35.9 m)(37.8 m)

EPS

(0.8 )(0.5 )

Debt to Equity Ratio

-0.2 x-0.3 x

Debt to Assets Ratio

0.3 x0.2 x

Financial Leverage

-0.7 x-1.8 x

Quarterly

USDQ2, 2017Q3, 2017

Cash

37.6 m37.4 m

Accounts Receivable

4.7 m6.7 m

Prepaid Expenses

3 m5.4 m

Current Assets

45.4 m49.5 m

PP&E

24.9 m26.3 m

Goodwill

1.6 m1.6 m

Total Assets

73.4 m79.7 m

Accounts Payable

9 m11.3 m

Short-term debt

5.7 m5.8 m

Current Liabilities

15.9 m19.5 m

Long-term debt

10 m10.8 m

Total Debt

15.6 m16.6 m

Total Liabilities

31.5 m38.1 m

Common Stock

5 k5 k

Preferred Stock

80.7 m80.7 m

Additional Paid-in Capital

7.9 m9.3 m

Retained Earnings

(46.7 m)(48.3 m)

Total Equity

(38.8 m)(39 m)

EPS

(0.4 )(0.6 )

Debt to Equity Ratio

-0.4 x-0.4 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

-1.9 x-2 x

SendGrid Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

(13 m)(5.9 m)(3.9 m)

Depreciation and Amortization

2.9 m5.5 m6.9 m

Accounts Receivable

(664 k)(963 k)(1.3 m)

Accounts Payable

523 k1.1 m2.8 m

Cash From Operating Activities

(9.6 m)1.2 m9.7 m

Purchases of PP&E

(2.4 m)(1.3 m)(7.1 m)

Cash From Investing Activities

(2.6 m)(1 m)(6.5 m)

Long-term Borrowings

(1.5 m)(3.9 m)(5.1 m)

Cash From Financing Activities

19.3 m(3.2 m)28 m

Net Change in Cash

7 m(3 m)31.1 m

Interest Paid

492 k172 k182 k

Quarterly

USDQ2, 2016Q3, 2016Q2, 2017Q3, 2017

Net Income

(3.5 m)(3.5 m)(3.1 m)(4.7 m)

Depreciation and Amortization

3.4 m5.1 m4.6 m7 m

Accounts Receivable

(796 k)(261 k)(803 k)(458 k)

Accounts Payable

1.6 m1.3 m2.1 m4.3 m

Cash From Operating Activities

2.4 m7.1 m5.1 m10.1 m

Purchases of PP&E

(1 m)(4.5 m)(3 m)(4.8 m)

Cash From Investing Activities

(893 k)(4.3 m)(5.1 m)(6.9 m)

Long-term Borrowings

(2.4 m)(3.7 m)(3 m)(5.1 m)

Cash From Financing Activities

(2.4 m)(3.6 m)(2.8 m)(6.2 m)

Net Change in Cash

(877 k)(907 k)(2.8 m)(3 m)

Interest Paid

194 k21 k69 k42 k

SendGrid Ratios

USDY, 2017

EV/EBIT

-706.7 x

EV/CFO

115 x

Revenue/Employee

66.3 k

Debt/Equity

-0.4 x

Debt/Assets

0.2 x

Financial Leverage

-2 x

P/E Ratio

(44.7 )
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SendGrid Operating Metrics

SendGrid's Customers was reported to be 58.2 k in Q3, 2017. SendGrid's Active Customers was reported to be 120 k in Nov, 2016.
FY, 2014FY, 2015Q2, 2016Q3, 2016Nov, 2016FY, 2016Q2, 2017Q3, 2017

Customers

28.50 k33.40 k40 k42.70 k42 k45.90 k55.20 k58.20 k

Emails Processed (for the Period Ended)

161 b233 b149 b237 b338 b210 b325 b

Retention Rate

116%112%110%110%111%117%116%

Active Customers

120 k

Emails Processed per Day

1 b

Emails Processed per Month

30 b35 b36 b

Emails Processed to Date

1 t
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SendGrid Human Capital

SendGrid's employees are reported to be approximately 31% female and 69% male.

Ethnicity

Y, 2017Y, 2014
White75 %83 %
Asian11 %10 %
Hispanic7 %
Other7 %7 %
Y, 2017Y, 2016Y, 2015Y, 2014
Female31 %32 %24 %22 %
Male69 %68 %76 %78 %
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