Violin Memory

Violin Memory offers a class of flash-based storage solutions to bring storage performance in line with high-speed applications, servers and networks. The Company's Flash Storage Platform is designed at each level of the system architecture to leverage the inherent capabilities of flash memory and meet the requirements of business-critical applications, virtualized environments and Big Data in enterprise data centers. The platform is a vertically integrated design of software, firmware and hardware, which runs the Company's Concerto OS 7, a single operating system with integrated continuous data protection, in-line block de-duplication and compression, stretch metro cluster and logical unit number mirroring, as well as its suite of other enterprise data services.

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/Management at Violin Memory

Ebrahim Abbasi

Ebrahim Abbasi

CEO & President
Jim Curley

Jim Curley

CFO
Susan Aoki

Susan Aoki

Senior Customer Success Executive
Tim Stoakes

Tim Stoakes

VP, Product & Chief Architect

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
Baltimore, US
5520 Research Park Drive, Suite 240
New York, US
112 West 34th Street, Suite 1901
Singapore, SG
80 Raffles Place, #36-30/32 UOB Plaza 1
Camberley, GB
Quatro House Lyon Way

Violin Memory Financials and Metrics

Violin Memory Financials

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
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

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%
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
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

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
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)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(34.1 m)(30.1 m)(8.4 m)(23.5 m)(26.5 m)(50.9 m)(73.6 m)(22.2 m)(42.7 m)

Depreciation and Amortization

4.7 m6.7 m2 m4.1 m

Accounts Receivable

23.4 m15.2 m12.1 m18.5 m7.5 m9.3 m5.6 m1.4 m2.7 m

Inventories

34.4 m38.2 m33.9 m28.7 m15.7 m(2.5 m)(1.8 m)(140 k)(1.8 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
Show all financial metrics

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
Show all operating metrics

Violin Memory Market Value History

Violin Memory Revenue Breakdown

Violin Memory's Web-traffic and Trends

Violin Memory Online and Social Media Presence

Violin Memory Company Life and Culture

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