Verint market cap is $3 b, and annual revenue was $1.30 b in FY 2020

Verint Gross profit (FY, 2020)839.9 M

Verint Gross profit margin (FY, 2020), %64.4%

Verint Net income (FY, 2020)35.7 M

Verint EBIT (FY, 2020)87.9 M

Verint Cash, 31-Jan-2020379.1 M

Verint EV3.5 B

Verint revenue was $1.30 b in FY, 2020

Verint revenue breakdown by business segment: 66.5% from Customer Engagement and 33.5% from Cyber Intelligence

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Revenue | 1.1b | 1.1b | 1.2b | 1.3b |

| (6%) | 7% | 8% | |

## Cost of goods sold | 422.6m | 446.8m | 449.2m | 463.8m |

## Gross profit | 639.5m | 688.4m | 780.5m | 839.9m |

| 60% | 61% | 63% | 64% |

## R&D expense | 171.1m | 190.6m | 209.1m | 231.7m |

## General and administrative expense | 407.0m | 415.0m | 426.2m | 488.9m |

## Operating expense total | 578.0m | 605.6m | 666.3m | 752.0m |

## Depreciation and amortization | 44.1m | 34.2m | 31.0m | |

## EBIT | 17.4m | 48.6m | 114.2m | 87.9m |

| 2% | 4% | 9% | 7% |

## Interest expense | 35.0m | 36.0m | 37.3m | |

## Interest income | 1.0m | 2.5m | 4.8m | 5.6m |

## Pre tax profit | (23.5m) | 18.9m | 77.8m | 53.3m |

## Income tax expense | 2.8m | 22.4m | 7.5m | 17.6m |

## Net Income | (26.2m) | (3.5m) | 70.2m | 35.7m |

USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|

## Revenue | 261.0m | 274.8m | 280.7m | 289.2m | 315.3m | 324.3m | 324.9m |

## Cost of goods sold | 110.8m | 110.7m | 111.4m | 114.1m | 114.2m | 116.4m | 113.3m |

## Gross profit | 150.2m | 164.1m | 169.3m | 175.1m | 201.1m | 207.9m | 211.6m |

| 58% | 60% | 60% | 61% | 64% | 64% | 65% |

## R&D expense | 46.2m | 48.5m | 47.2m | 52.2m | 57.2m | 58.7m | 57.7m |

## General and administrative expense | 101.8m | 103.5m | 97.3m | 107.5m | 121.7m | 126.3m | 116.3m |

## Operating expense total | 159.6m | 160.2m | 151.5m | 159.6m | 186.6m | 192.6m | 181.8m |

## EBIT | (9.4m) | 3.9m | 17.8m | 7.8m | 14.5m | 15.3m | 29.8m |

| (4%) | 1% | 6% | 3% | 5% | 5% | 9% |

## Interest expense | 9.0m | 9.1m | 8.9m | 9.1m | 9.9m | 10.1m | 10.1m |

## Interest income | 330.0k | 809.0k | 654.0k | 793.0k | 1.4m | 1.7m | 1.4m |

## Pre tax profit | (19.9m) | (1.3m) | 9.0m | (951.0k) | 5.2m | 7.8m | 22.2m |

## Income tax expense | (892.0k) | 4.5m | 5.9m | 274.0k | 1.4m | (4.5m) | 9.2m |

## Net Income | (19.0m) | (5.8m) | 3.1m | (1.2m) | 3.8m | 12.3m | 13.0m |

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Cash | 307.4m | 337.9m | 370.0m | 379.1m |

## Accounts Receivable | 266.6m | 296.3m | 375.7m | 382.4m |

## Prepaid Expenses | 64.6m | 82.1m | 87.5m | 87.9m |

## Inventories | 17.5m | 19.9m | 25.0m | 20.5m |

## Current Assets | 672.1m | 782.2m | 1.0b | 999.1m |

## PP&E | 77.6m | 89.1m | 100.1m | 116.1m |

## Goodwill | 1.3b | 1.4b | 1.4b | 1.5b |

## Total Assets | 2.4b | 2.6b | 2.9b | 3.0b |

## Accounts Payable | 62.0m | 84.6m | 71.6m | 71.6m |

## Short-term debt | 4.6m | 4.5m | 4.3m | 4.3m |

## Current Liabilities | 462.4m | 505.5m | 661.8m | 702.9m |

## Long-term debt | 744.3m | 768.5m | 807.9m | 923.2m |

## Total Debt | 748.9m | 773.0m | 812.2m | 927.4m |

## Total Liabilities | 1.3b | 1.4b | 1.6b | 1.8b |

## Common Stock | 64.0k | 65.0k | 67.0k | 68.0k |

## Preferred Stock | ||||

## Additional Paid-in Capital | 1.4b | 1.5b | 1.6b | 1.7b |

## Retained Earnings | (230.8m) | (238.3m) | (134.3m) | (105.6m) |

## Total Equity | 1.0b | 1.1b | 1.3b | 1.2b |

## Debt to Equity Ratio | 0.7 x | 0.7 x | 0.6 x | |

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.3 x | |

## Financial Leverage | 2.3 x | 2.3 x | 2.3 x | 2.4 x |

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Net Income | (26.2m) | (3.5m) | 70.2m | 35.7m |

## Depreciation and Amortization | 114.3m | 105.7m | 88.9m | 91.5m |

## Accounts Receivable | (353.0k) | (23.5m) | (21.5m) | (6.9m) |

## Inventories | (286.0k) | (2.9m) | (8.2m) | 1.8m |

## Accounts Payable | (9.5m) | 10.2m | (15.6m) | (14.5m) |

## Cash From Operating Activities | 172.4m | 176.3m | 215.3m | 237.9m |

## Purchases of PP&E | (27.5m) | (35.5m) | (31.7m) | (35.0m) |

## Cash From Investing Activities | (156.0m) | (144.5m) | (175.7m) | (125.8m) |

## Long-term Borrowings | (3.3m) | (431.9m) | (6.0m) | (6.5m) |

## Dividends Paid | (2.4m) | (3.3m) | (4.4m) | |

## Cash From Financing Activities | (56.9m) | (5.5m) | (21.9m) | (111.3m) |

## Net Change in Cash | (44.7m) | 30.6m | 14.5m | (1.0m) |

USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (19.0m) | (24.8m) | (21.7m) | (1.2m) | 21.7m | 41.9m | 3.8m | 16.0m | 29.0m |

## Depreciation and Amortization | 29.4m | 55.4m | 79.9m | 24.0m | 44.9m | 66.2m | 23.0m | 44.8m | 67.9m |

## Accounts Receivable | 1.6m | 16.6m | (15.8m) | 45.4m | 45.5m | 35.9m | 58.9m | 23.4m | 26.8m |

## Inventories | (942.0k) | (958.0k) | (2.2m) | 2.4m | 175.0k | (4.4m) | (3.1m) | (4.4m) | (605.0k) |

## Accounts Payable | 41.0k | (1.5m) | 13.1m | (3.0m) | (14.7m) | (17.8m) | 8.5m | (8.3m) | (10.2m) |

## Cash From Operating Activities | 59.8m | 98.5m | 96.2m | 60.2m | 104.2m | 131.7m | 93.1m | 98.3m | 136.5m |

## Purchases of PP&E | (7.2m) | (16.2m) | (26.4m) | (7.7m) | (17.9m) | (22.9m) | (8.3m) | (17.7m) | (28.4m) |

## Cash From Investing Activities | (22.1m) | (41.9m) | (88.7m) | (11.3m) | (72.4m) | (119.4m) | (35.4m) | (66.0m) | (69.3m) |

## Long-term Borrowings | (1.4m) | (409.4m) | (410.5m) | (1.3m) | (2.7m) | (4.3m) | (1.6m) | (3.2m) | (4.7m) |

## Dividends Paid | (716.0k) | (716.0k) | (716.0k) | (760.0k) | (760.0k) | (760.0k) | (655.0k) | (949.0k) | |

## Cash From Financing Activities | (3.6m) | 389.0k | (1.4m) | (4.8m) | (13.7m) | (16.6m) | (13.7m) | (27.1m) | (34.3m) |

## Net Change in Cash | 32.7m | 57.8m | 5.3m | 42.6m | 14.5m | (8.2m) | 43.0m | 3.2m | 31.6m |

USD | Y, 2020 |
---|---|

## EV/EBIT | 40.3 x |

## EV/CFO | 14.9 x |

## Revenue/Employee | 204.5k |

## Financial Leverage | 2.4 x |

Verint's Enterprise Customers was reported to be 10 k in Q3, 2020.

- Source: Company Filings