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)
82 (est)-65%
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 Data and Metrics

Violin Memory Financial Metrics

Violin Memory's revenue was reported to be $50.9 m in FY, 2016
USD

Revenue (FY, 2016)

50.9 m

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

(36%)

Gross profit (FY, 2016)

22.3 m

Gross profit margin (FY, 2016), %

44%

Net income (FY, 2016)

(99.1 m)

EBIT (FY, 2016)

(92.2 m)

Market capitalization (16-Dec-2016)

1.2 m

Closing share price (16-Dec-2016)

0.1

Cash (31-Dec-2016)

23.9 m

EV

108.1 m
Violin Memory's current market capitalization is $1.2 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

107.7 m79 m50.9 m

Revenue growth, %

(27%)(36%)

Cost of goods sold

64.8 m58.8 m28.6 m

Gross profit

42.9 m20.2 m22.3 m

Gross profit Margin, %

40%26%44%

Sales and marketing expense

81.1 m61.9 m55.6 m

R&D expense

73.7 m52.1 m41.7 m

General and administrative expense

29.6 m20.6 m17.2 m

Operating expense total

189.7 m120.9 m114.5 m

EBIT

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

EBIT margin, %

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

Pre tax profit

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

Income tax expense

76 k123 k142 k

Net Income

(149.8 m)(108.9 m)(99.1 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Revenue

28.3 m18.1 m18.6 m21.7 m12.1 m15.3 m12.5 m9.7 m7.5 m

Cost of goods sold

12.9 m8.6 m8.9 m10.6 m7 m8.7 m6.2 m5.8 m7.3 m

Gross profit

15.4 m9.6 m9.7 m11.2 m5.2 m6.6 m6.4 m3.9 m206 k

Gross profit Margin, %

54%53%52%51%43%43%51%40%3%

Sales and marketing expense

21.3 m16.2 m15.1 m15.7 m13.4 m13.7 m14 m9 m7.5 m

R&D expense

20.1 m15.8 m13 m12.5 m11.5 m10.6 m10.1 m10.2 m8.6 m

General and administrative expense

6.6 m5.8 m5.2 m4.9 m5.2 m4.7 m3.5 m3.4 m3.2 m

Operating expense total

48 m37.9 m33.3 m33.1 m30.1 m28.9 m27.6 m22.6 m19.4 m

EBIT

(33 m)(30.1 m)(8.1 m)(21.9 m)(25 m)(22.3 m)(21.2 m)(20.5 m)(18.9 m)

EBIT margin, %

(117%)(166%)(43%)(101%)(206%)(146%)(169%)(211%)(252%)

Interest expense

(1.1 m)(168 k)(124 k)

Pre tax profit

(34.1 m)(30.1 m)(8.4 m)(23.5 m)(26.5 m)(24.3 m)(22.8 m)(22.1 m)(20.5 m)

Income tax expense

18 k6 k30 k44 k41 k42 k(98 k)10 k30 k

Net Income

(34.1 m)(30.1 m)(8.4 m)(23.5 m)(26.5 m)(24.4 m)(22.7 m)(22.2 m)(20.6 m)
USDFY, 2014FY, 2015FY, 2016

Cash

40.3 m93.4 m23.9 m

Accounts Receivable

21.1 m15.1 m5.3 m

Inventories

39.7 m10.3 m12 m

Current Assets

166.2 m187.6 m97.5 m

PP&E

13.7 m9.9 m9.3 m

Total Assets

184.7 m204.2 m112.8 m

Accounts Payable

18.4 m11.1 m3.7 m

Total Debt

126 m130.9 m

Current Liabilities

69.2 m54.7 m43.7 m

Total Liabilities

80.9 m182.8 m167.7 m

Common Stock

8 k9 k10 k

Additional Paid-in Capital

456.2 m482.7 m505.3 m

Retained Earnings

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

Total Equity

103.7 m21.4 m(54.9 m)

Debt to Equity Ratio

5.9 x-2.4 x

Debt to Assets Ratio

0.6 x1.2 x

Financial Leverage

1.8 x9.5 x-2.1 x
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Cash

82.4 m47.9 m54.8 m130.1 m55.1 m43.5 m29.6 m20.2 m19.1 m

Accounts Receivable

23.4 m15.2 m12.1 m18.5 m7.5 m5.7 m9.5 m3.9 m2.6 m

Inventories

34.4 m38.2 m33.9 m28.7 m15.7 m13 m12.3 m11.5 m9.8 m

Current Assets

196.8 m149.5 m134.5 m229.1 m159 m142.7 m122.5 m67.5 m50.2 m

PP&E

14.4 m13.5 m11.9 m10.8 m9 m9 m9.8 m9.4 m8.5 m

Total Assets

217.3 m168.1 m152.1 m253.2 m178.1 m161.2 m141.3 m82.6 m64.2 m

Accounts Payable

20.7 m22.8 m17.1 m13.1 m13.4 m5.9 m6.4 m1.9 m2.2 m

Current Liabilities

63.7 m75.8 m61.2 m58.7 m47.2 m49.8 m49.3 m31.5 m31.6 m

Additional Paid-in Capital

437.9 m463.1 m470.4 m476.7 m488.2 m494.8 m498.9 m509.3 m512.5 m

Retained Earnings

(296.1 m)(382.8 m)(391.2 m)(414.7 m)(488 m)(512.4 m)(535.1 m)(582.8 m)(603.3 m)

Total Equity

141.8 m80.3 m79.2 m62 m449 k(17.1 m)(35.7 m)(72.9 m)(90.2 m)

Financial Leverage

1.5 x2.1 x1.9 x4.1 x396.6 x-9.4 x-4 x-1.1 x-0.7 x
USDFY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

12.6 m11 m8.7 m

Accounts Receivable

957 k6 m9.8 m

Inventories

(24.3 m)9.1 m(1.6 m)

Accounts Payable

2.9 m(11.8 m)(7.8 m)

Cash From Operating Activities

(81.5 m)(79.5 m)(78.6 m)

Purchases of PP&E

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

Cash From Investing Activities

(69 m)7.6 m4.2 m

Cash From Financing Activities

173.4 m125 m4.6 m

Interest Paid

972 k419 k5.2 m

Income Taxes Paid

47 k115 k388 k
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Net Income

(34.1 m)(30.1 m)(8.4 m)(23.5 m)(26.5 m)(24.4 m)(22.7 m)(22.2 m)(20.6 m)

Accounts Receivable

23.4 m15.2 m12.1 m18.5 m7.5 m5.7 m9.5 m3.9 m2.6 m

Inventories

34.4 m38.2 m33.9 m28.7 m15.7 m13 m12.3 m11.5 m9.8 m

Accounts Payable

20.7 m22.8 m17.1 m13.1 m13.4 m5.9 m6.4 m1.9 m2.2 m
USDY, 2016

EV/EBIT

-1.2 x

EV/CFO

-1.4 x

Revenue/Employee

184 k

Debt/Equity

-2.4 x

Debt/Assets

1.2 x

Financial Leverage

-2.1 x

Violin Memory Operating Metrics

Violin Memory's Enterprise Customers was reported to be 350 in FY, 2016. Violin Memory's Patent Applications was reported to be 88 in FY, 2016
FY, 2016

Patents (foreign)

65

Channel Partners

100

Enterprise Customers

350

Patents (US)

45

Patent Applications

88

Violin Memory Revenue Breakdown

Violin Memory Job Categories

Traffic Overview of Violin Memory

Violin Memory Online and Social Media Presence

Violin Memory Company Life and Culture

You may also be interested in