Tungsten Corporation

Tungsten Corporation (LSE: TUNG) accelerates global trade by enabling customers to streamline invoice processing, improve cash-flow management and make better buying decisions from their detailed spend data.
Buyer organisations that join Tungsten Network, the world’s largest compliant electronic invoice network, can reduce their invoice-processing costs. Tungsten helps buying organisations profit by applying real-time spend analytics to its vast repository of line-level invoice data; improve their compliance; and manage their suppliers with its disruptive procurement tools. Suppliers benefit from efficiencies, greater visibility of their invoice status and peace of mind. Tungsten offers Tungsten Early Payment supply chain financing on a global basis.
Tungsten serves 56% of the Fortune 500 and 67% of the FTSE 100 by connecting the world’s largest companies and government agencies to their thousands of suppliers around the globe. It estimates that its buyers transact over $2.7 trillion of addressable spend annually. The Tungsten Network enables suppliers to submit tax compliant e-Invoices in 47 countries, and last year processed transactions worth over $187bn for organisations such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg’s, and the US Federal Government.
Tungsten Corporation joined forces with OB10 in October 2013 to create the world’s largest electronic trading network; and acquired DocuSphere in September 2014, a provider of workflow automation solutions.

Company Growth (employees)
London, GB
Size (employees)
327 (est)-7%
Tungsten Corporation was founded in 2000 and is headquartered in London, GB

Key People/Management at Tungsten Corporation

Richard Hurwitz

Richard Hurwitz

Chief Executive Officer
Brian Proffitt

Brian Proffitt

Chief Technology Officer
Connie O’Brien

Connie O’Brien

Chief Marketing Officer
Patrick Clark

Patrick Clark

General Counsel
Prabhat Vira

Prabhat Vira

President, Tungsten Network Finance
Kevin Wilbur

Kevin Wilbur

SVP, AP Automation
Stanley Chia

Stanley Chia

Vice President, Head of Global Sales
David Williams

David Williams

Group Chief Financial Officer
Alec Holmes

Alec Holmes

Senior Vice President Service Delivery
Guy Miller

Guy Miller

Head of Corporate Development

Tungsten Corporation Office Locations

Tungsten Corporation has an office in London
London, GB (HQ)
6 Laurence Pountney Hill
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Tungsten Corporation Financials and Metrics

Tungsten Corporation Financials

Tungsten Corporation's revenue was reported to be £31.3 m in FY, 2017 which is a 21% increase from the previous period.

Revenue (FY, 2017)

31.3 m

Net income (FY, 2017)

(12.3 m)

EBITDA (FY, 2017)

(12.2 m)

EBIT (FY, 2017)

(15 m)

Market capitalization (31-Oct-2017)

80.7 m

Closing share price (31-Oct-2017)


Cash (30-Apr-2017)

17.5 m
Tungsten Corporation's current market capitalization is £80.7 m.
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017


10.8 m23.1 m25.9 m31.3 m

Revenue growth, %


Operating expense total

44.8 m46.3 m


(9.9 m)(16.4 m)(12.2 m)
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017


3.4 m62.6 m32.6 m9.3 m17.5 m

Accounts Receivable

3.5 m5.1 m6.2 m5.5 m

Current Assets

4.7 m72.7 m47.4 m46.7 m30.6 m


1.7 m2.2 m1.9 m1.9 m
    GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    (9.9 m)(11 m)(27 m)(17.8 m)(12.3 m)

    Cash From Operating Activities

    (5 m)(8.1 m)(31.6 m)(21.7 m)(15.2 m)

    Cash From Financing Activities

    9.6 m144.4 m11.8 m16.7 m

    Net Change in Cash

    3.4 m59.2 m(30.5 m)(6.1 m)10.2 m
      GBPY, 2017


      88.6 k

      Financial Leverage

      1.2 x
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      Tungsten Corporation Market Value History

      Tungsten Corporation's Web-traffic and Trends

      Tungsten Corporation Online and Social Media Presence

      Tungsten Corporation Company Life and Culture

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