SwiftKey

Technology artificial intelligence consumer software mobile

SwiftKey flagship mobile app, SwiftKey Keyboard for Android and iPhone, adapts to the way of typing, so user spends less time correcting your typos and more time saying what you really mean. SwiftKey users have saved an estimated 10 trillion keystrokes across 100 different languages, which adds up to over 100,000 years of reclaimed typing time.
SwiftKey's hallmark predictive technology learns from a user's personal writing style, getting smarter over time. From quirkiest family nickname to the sports teams you support, SwiftKey predicts the individual phrases that matter most to you.
In April 2016 SwiftKey became part of the Microsoft family, working together to empower every person and every organization on the planet to achieve more.

Type

Subsidiary

Parent Company

Microsoft

London, GB

Founded

2008

Website

swiftkey.com

SwiftKey was founded in 2008 and is headquartered in London, GB

Key People at SwiftKey

Jon Reynolds

CEO, Co-Founder

Ben Medlock

Head of Product

SwiftKey Office Locations

SwiftKey has an office in London

London, GB (HQ)

91 95 Southwark Bridge Rd

SwiftKey Data and Metrics

SwiftKey Summary

Founding Date	2008
Total Funding	$21.6 m
Investors	Index Ventures, Andrew Thornton, Nick Hynes, Octopus Ventures, Richard Brennan, Jon Craton, Accel Partners, Cambridge Capital Group, Nihal Mehta, Carl Uminski

In total, SwiftKey had raised $21.6 m. SwiftKey is a subsidiary of Microsoft

SwiftKey Financial Metrics

SwiftKey's revenue was reported to be £7.9 m in FY, 2015 which is a 6% decrease from the previous period.

Income Statement

GBP	FY, 2013	FY, 2014	FY, 2015
Revenue	9.9 m	8.4 m	7.9 m
Revenue growth, %		(15%)	(6%)
Cost of goods sold	2 m	1.5 m	1.5 m
Gross profit	7.9 m	6.9 m	6.4 m
Gross profit Margin, %	80%	82%	81%
General and administrative expense	8.1 m	12.9 m	14.6 m
Operating expense total	8 m	12.9 m	14.6 m
EBIT	(46.4 k)	(6 m)	(8.2 m)
EBIT margin, %	(0%)	(71%)	(104%)
Interest expense		4.2 k	62.6 k
Interest income	14.9 k	37.3 k	30.3 k
Pre tax profit	(31.5 k)	(6 m)	(8.2 m)
Income tax expense	(134.5 k)	(646.8 k)	(683 k)
Net Income	103 k	(5.3 m)	(7.6 m)

Source: Company Filings 2014, Company Filings 2015, Company Filings 2013

Balance Sheet

GBP	FY, 2013	FY, 2014	FY, 2015
Cash	9.8 m	5.5 m	8.4 m
Accounts Receivable	1.3 m	115.3 k	131.7 k
Current Assets	12.4 m	7.9 m	10.4 m
PP&E	213.6 k	206.5 k	140.6 k
Total Assets	12.7 m	8.1 m	10.5 m
Accounts Payable	127.2 k	231.8 k	233.6 k
Current Liabilities	4.2 m	4.6 m	5.3 m
Total Liabilities	4.2 m	4.6 m	5.3 m
Additional Paid-in Capital	9.8 m	9.8 m	17.7 m
Retained Earnings	(1.3 m)	(6.3 m)	(12.5 m)
Total Equity	8.5 m	3.5 m	5.2 m
Financial Leverage	1.5 x	2.3 x	2 x

Cash Flow

GBP	FY, 2013	FY, 2014	FY, 2015
Net Income	103 k	(5.3 m)	(7.6 m)
Depreciation and Amortization	98.8 k	174.5 k	182.6 k
Accounts Receivable	(1 m)	558.1 k	519.8 k
Accounts Payable	968.4 k	384.5 k	689.1 k
Cash From Operating Activities	(46.1 k)	(4.2 m)	(5.4 m)
Purchases of PP&E	(208.2 k)	(164.2 k)	(114.1 k)
Cash From Investing Activities	(190.5 k)	(147.2 k)	(76.8 k)
Cash From Financing Activities	7.3 m	4.5 k	7.9 m
Interest Paid		4.2 k	62.6 k
Income Taxes Paid	104.6 k	(423 k)	(610.6 k)