Violin Memory

The company’s All Flash optimized solutions accelerate breakthrough CAPEX and OPEX savings for building the next-generation data center, while its Flash Fabric Architecture (FFA) speeds data delivery with chip-to-chassis performance optimization that achieves lower consistent latency and cost per transaction for cloud, enterprise, and virtualized mission-critical applications. Violin's All Flash arrays and appliances, and enterprise data management software solutions enhance agility and mobility while revolutionizing datacenter economics.

Violin Memory was founded by Jon Bennett in 2005 and is based in Santa Clara, California.

Company Growth (employees)
Type
Public
HQ
Santa Clara, US
Founded
2005
Size (employees)
235 (est)
Violin Memory was founded in 2005 and is headquartered in Santa Clara, US

Key People at Violin Memory

Kevin DeNuccio

Kevin DeNuccio

President and CEO

Violin Memory Office Locations

Violin Memory has offices in Santa Clara, New York, Baltimore, Camberley and in 1 other location
Santa Clara, US (HQ)
4555 Great America Parkway
Singapore, SG
80 Raffles Place, #36 30/32 Uob Plaza 1
Camberley, GB
Quatro House Lyon Way
Baltimore, US
5520 Research Park Drive, Suite 240
New York, US
112 West 34th Street, Suite 1901

Violin Memory Metrics

Violin Memory Financial Metrics

Revenue (2016)

$50.9 m

Revenue growth (2015-16), %

(36%)

Gross profit

$22.3 m

Gross profit margin (2016), %

44%

Net income (2016)

($99.1 m)

Market capitalization (16-Dec-2016)

$1.2 m

Closing share price (16-Dec-2016)

$0.1

Cash (31-Dec-2016)

$23.9 m
Violin Memory's current market capitalization is $1.2 m.
Violin Memory's revenue was reported to be $50.9 m in FY, 2016 which is a 36% decrease from the previous period.
FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$107.7 m$79 m$50.9 m

Revenue growth, %

(27%)(36%)

Cost of goods sold

$38.1 m$38.2 m$64.8 m$58.8 m$28.6 m

Gross profit

$42.9 m$20.2 m$22.3 m

Gross profit Margin, %

40%26%44%

Sales and marketing expense

$81.1 m$61.9 m$55.6 m

R&D expense

$73.7 m$52.1 m$41.7 m

General and administrative expense

$29.6 m$20.6 m$17.2 m

Operating expense total

$189.7 m$120.9 m$114.5 m

EBIT

($146.8 m)($100.7 m)($92.2 m)

EBIT margin, %

(136%)(127%)(181%)

Interest expense

$3 m($1.5 m)

Pre tax profit

($149.7 m)($108.8 m)($98.9 m)

Income tax expense

$7 k$97 k$76 k$123 k$142 k

Net Income

($149.8 m)($108.9 m)($99.1 m)
Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Y, 2016

Cash

$6.1 m$22.6 m$17.4 m$40.3 m$93.4 m$23.9 m

Inventories

$479 m

Current Assets

$166.2 m$187.6 m$97.5 m

PP&E

$13.7 m$9.9 m$9.3 m

Total Assets

$184.7 m$208.2 m$112.8 m

Current Liabilities

$69.2 m$54.7 m$43.7 m

Additional Paid-in Capital

$456.2 m$482.7 m$505.3 m

Retained Earnings

($352.6 m)($461.5 m)($560.6 m)

Total Equity

$103.7 m$21.4 m($54.9 m)

Financial Leverage

1.8 x9.7 x-2.1 x
FY, 2014FY, 2015FY, 2016

Net Income

($149.8 m)($108.9 m)($99.1 m)

Depreciation and Amortization

$12.6 m$11 m$8.7 m

Accounts Receivable

($53 m)

Accounts Payable

($56 m)

Cash From Operating Activities

$22.9 m$53.2 m($69.5 m)

Purchases of PP&E

($9.3 m)($11.7 m)($6.9 m)

Cash From Investing Activities

($69 m)$7.6 m$4.2 m

Cash From Financing Activities

$173.4 m$125 m$4.6 m

Interest Paid

$972 k$419 k$5.2 m

Income Taxes Paid

$47 k$115 k$388 k

Violin Memory Market Value History

Violin Memory Online Presence

Violin Memory Company Life

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