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.

London, GB
Size (employees)
353 (est)+19%
Tungsten Corporation was founded in 2000 and is headquartered in London, GB

Tungsten Corporation Office Locations

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

Tungsten Corporation Data and Metrics

Tungsten Corporation Financial Metrics

Tungsten Corporation's revenue was reported to be £26.1 m in FY, 2016 which is a 13% increase from the previous period.

Revenue (FY, 2016)

26.1 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

(28.3 m)

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(27.9 m)

Market capitalization (21-Sep-2017)

78.8 m

Closing share price (21-Sep-2017)


Cash (30-Apr-2016)

9.3 m
Tungsten Corporation's current market capitalization is £78.8 m.
GBPFY, 2014FY, 2015FY, 2016


10.8 m23.1 m26.1 m

Revenue growth, %


Cost of goods sold

54.4 m

Gross profit

(28.3 m)
GBPFY, 2014FY, 2015FY, 2016


62.6 m32.6 m9.3 m

Accounts Receivable

3.5 m5.1 m6.1 m

Current Assets

72.7 m47.4 m46.7 m


1.7 m2.8 m2.5 m
GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

(8.1 m)(31.6 m)(21.6 m)

Cash From Financing Activities

144.4 m11.8 m16.7 m

Income Taxes Paid

125 k302 k705 k
GBPY, 2016


87.5 k

Financial Leverage

1.1 x
Show all financial metrics

Tungsten Corporation Market Value History

Traffic Overview of Tungsten Corporation

Tungsten Corporation Online and Social Media Presence

Tungsten Corporation News and Updates

Tungsten Corporation Company Life and Culture

You may also be interested in