VASCO Data Security was founded in 1991 and is headquartered in Oakbrook Terrace, US

VASCO Data Security has offices in Oakbrook Terrace, Marlborough, São Paulo, London and in 13 other locations

Oakbrook Terrace, US (HQ)

210 1901 S Meyers Rd

Singapore, SG

128 Neil Rd

Mumbai, IN

Platina Building

Wien, AT

45 Perfektastraße

Kloten, CH

7 Balz Zimmermannstrasse

Enschede, NL

98 Hengelosestraat

VASCO Data Security's revenue was reported to be $42 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 42 m |

## Net income (Q1, 2017) | 573 k |

## EBIT (Q1, 2017) | 302 k |

## Market capitalization (25-Jul-2017) | 580.6 m |

## Cash (31-Mar-2017) | 56.3 m |

VASCO Data Security's current market capitalization is $580.6 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 155 m | 201.5 m | 241.4 m | 192.3 m |

## Revenue growth, % | 30% | 20% | (20%) | |

## Cost of goods sold | 55.2 m | 73.8 m | 95.4 m | |

## Gross profit | 99.9 m | 127.8 m | 146.1 m | |

## Gross profit Margin, % | 64% | 63% | 61% | |

## Sales and marketing expense | 57.3 m | |||

## R&D expense | 23.2 m | |||

## General and administrative expense | 31.6 m | |||

## Operating expense total | 86.2 m | 89.7 m | 95.6 m | 121.1 m |

## EBIT | 13.7 m | 38.1 m | 50.5 m | 9.6 m |

## EBIT margin, % | 9% | 19% | 21% | 5% |

## Interest income | 364 k | |||

## Pre tax profit | 14.1 m | 37.9 m | 50.9 m | 11.4 m |

## Income tax expense | 3.1 m | 5.3 m | 8.7 m | 863 k |

## Net Income | 11.1 m | 33.5 m | 42.2 m | 10.5 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 47.7 m | 52.6 m | 65.1 m | 65.4 m | 60 m | 46.8 m | 54.3 m | 43.6 m | 42 m |

## Cost of goods sold | 16.6 m | 17 m | 27.5 m | 26.9 m | 23.8 m | 12.8 m | 15.8 m | 11.5 m | |

## Gross profit | 31 m | 35.6 m | 37.7 m | 38.5 m | 36.3 m | 33.9 m | 38.5 m | 32.1 m | |

## Gross profit Margin, % | 65% | 68% | 58% | 59% | 60% | 73% | 71% | 74% | |

## Sales and marketing expense | 11.3 m | 10.7 m | 9.8 m | 10 m | 8.8 m | 14 m | 16.8 m | 14.5 m | 13.7 m |

## R&D expense | 5.2 m | 4.4 m | 4.5 m | 4.5 m | 4.4 m | 6.3 m | 7.1 m | 6.8 m | 5.9 m |

## General and administrative expense | 5.7 m | 5.4 m | 6.1 m | 7.1 m | 8.5 m | 8.3 m | 9.1 m | 7.7 m | 7.9 m |

## Operating expense total | 22.2 m | 20.6 m | 20.5 m | 21.6 m | 21.7 m | 28.6 m | 32.9 m | 29 m | 27.4 m |

## EBIT | 7.6 m | 13.8 m | 16.1 m | 15.8 m | 13.5 m | 3.1 m | 3.4 m | 912 k | 302 k |

## EBIT margin, % | 16% | 26% | 25% | 24% | 22% | 7% | 6% | 2% | 1% |

## Interest income | 107 k | 109 k | |||||||

## Pre tax profit | 7.9 m | 12.9 m | 15.9 m | 16.1 m | 13.5 m | 3.6 m | 3.8 m | 1.3 m | 806 k |

## Income tax expense | 1 m | 1.7 m | 2.2 m | 2.3 m | 2.4 m | 1.4 m | 979 k | 781 k | 233 k |

## Net Income | 6.9 m | 11.2 m | 13.6 m | 13.9 m | 11.2 m | 2.2 m | 2.8 m | 478 k | 573 k |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 98.6 m | 72.4 m | 78.5 m | 49.3 m |

## Inventories | 25.7 m | 33.9 m | 20.6 m | 17.4 m |

## Current Assets | 161.6 m | 206.2 m | 183.4 m | 207.2 m |

## PP&E | 3.1 m | 2.8 m | 3.1 m | 3.3 m |

## Total Assets | 211.9 m | 251.3 m | 311.8 m | 327.3 m |

## Accounts Payable | 6.4 m | 10.7 m | 8.8 m | 8.9 m |

## Current Liabilities | 37.1 m | 45.2 m | 55.7 m | 68 m |

## Total Liabilities | 70.7 m | |||

## Additional Paid-in Capital | 79.9 m | 82.5 m | 85.8 m | 87.5 m |

## Total Equity | 174.3 m | 205.9 m | 248 m | 256.6 m |

## Financial Leverage | 1.2 x | 1.2 x | 1.3 x | 1.3 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 93.3 m | 81 m | 74.2 m | 82.1 m | 144 m | 70.3 m | 35.6 m | 31.5 m | 56.3 m |

## Inventories | 25.7 m | 31.4 m | 32.7 m | 30.3 m | 21.9 m | 18 m | 17.9 m | 18.4 m | 18.8 m |

## Current Assets | 178.8 m | 192.5 m | 217.4 m | 230.9 m | 246.7 m | 189.8 m | 194.4 m | 195 m | 209.4 m |

## PP&E | 3.2 m | 3 m | 2.7 m | 2.8 m | 2.6 m | 4 m | 4.1 m | 3.8 m | 3.1 m |

## Goodwill | 54.7 m | ||||||||

## Total Assets | 230.2 m | 240.3 m | 259 m | 271.5 m | 286.6 m | 310.3 m | 314.1 m | 315.1 m | 328 m |

## Accounts Payable | 10.4 m | 8.8 m | 10 m | 6 m | 4.4 m | 8.6 m | 7.9 m | 6.7 m | 7.4 m |

## Current Liabilities | 43.6 m | 44.3 m | 42.5 m | 39 m | 41.9 m | 57.1 m | 58.5 m | 58 m | 67 m |

## Additional Paid-in Capital | 81.1 m | 81.9 m | 82.8 m | 83.7 m | 84.8 m | 86.9 m | 87.7 m | 88.8 m | 87.9 m |

## Total Equity | 186.1 m | 195.2 m | 216.3 m | 232.4 m | 244.6 m | 252.2 m | 254.6 m | 256.2 m | 258.2 m |

## Financial Leverage | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.3 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 11.1 m | 33.5 m | 42.2 m | 10.5 m |

## Depreciation and Amortization | 5 m | 6.3 m | 10.8 m | |

## Accounts Receivable | (39 k) | 2.9 m | (8.1 m) | |

## Inventories | (6.5 m) | 33.9 m | 13.3 m | 3.2 m |

## Accounts Payable | (1.5 m) | 10.7 m | (6.6 m) | 163 k |

## Cash From Operating Activities | (7.9 m) | (26.2 m) | 6.1 m | |

## Purchases of PP&E | (944 k) | (1.4 m) | (2 m) | |

## Long-term Borrowings | (5.9 m) | |||

## Income Taxes Paid | 3.1 m | 6.8 m | 6 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 6.9 m | 11.2 m | 13.6 m | 13.9 m | 11.2 m | 2.2 m | 2.8 m | 478 k | 573 k |

## Inventories | 25.7 m | 31.4 m | 30.3 m | 21.9 m | 18 m | 17.9 m | 18.4 m | ||

## Accounts Payable | 10.4 m | 8.8 m | 6 m | 4.4 m | 8.6 m | 7.9 m | 6.7 m | 7.4 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 72.5 k |

## Financial Leverage | 1.3 x |

VASCO Data Security's Customers was reported to be 10 k in May, 2017. VASCO Data Security's Backlog was reported to be $50 m in FY, 2016, which is a 2% decrease from the previous period