$7.5 M

Violin Systems Revenue Q2, 2017
Violin Systems Gross profit (Q2, 2017)206 K
Violin Systems Gross profit margin (Q2, 2017), %2.7%
Violin Systems Net income (Q2, 2017)-20.6 M
Violin Systems EBIT (Q2, 2017)-18.9 M
Violin Systems Cash, 31-Dec-201623.9 M

Violin Systems Revenue

Violin Systems revenue was $50.87 m in FY, 2016 which is a 35.6% year over year decrease from the previous period.

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Violin Systems Funding

Summary Metrics

Founding Date

2005

Violin Systems total Funding

$195.6 m

Violin Systems latest funding size

$8 m

Time since last funding

2 years ago

Violin Systems investors

Violin Systems's latest funding round in February 2017 was reported to be $8 m. In total, Violin Systems has raised $195.6 m

Violin Systems Capital Raised

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Violin Systems Revenue Breakdown

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Violin Systems revenue breakdown by geographic segment: 14.6% from Asia Pacific, 22.1% from Europe and 63.3% from Americas

Violin Systems Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

107.7m79.0m50.9m

Revenue growth, %

(27%)(36%)

Cost of goods sold

64.8m58.8m28.6m

Gross profit

42.9m20.2m22.3m

Gross profit Margin, %

40%26%44%

Sales and marketing expense

81.1m61.9m55.6m

R&D expense

73.7m52.1m41.7m

General and administrative expense

29.6m20.6m17.2m

Operating expense total

189.7m134.6m114.5m

EBIT

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

EBIT margin, %

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

Interest expense

1.5m

Pre tax profit

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

Income tax expense

76.0k123.0k142.0k

Net Income

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

Quarterly

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

Revenue

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

Cost of goods sold

12.9m8.6m8.9m10.6m7.0m8.7m6.2m5.8m7.3m

Gross profit

15.4m9.6m9.7m11.2m5.2m6.6m6.4m3.9m206.0k

Gross profit Margin, %

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

Sales and marketing expense

21.3m16.2m15.1m15.7m13.4m13.7m14.0m9.0m7.5m

R&D expense

20.1m15.8m13.0m12.5m11.5m10.6m10.1m10.2m8.6m

General and administrative expense

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

Operating expense total

48.4m39.7m17.8m33.1m30.1m28.9m27.6m24.4m19.1m

EBIT

(33.0m)(30.1m)(8.1m)(21.9m)(25.0m)(22.3m)(21.2m)(20.5m)(18.9m)

EBIT margin, %

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

Interest expense

1.1m168.0k124.0k

Pre tax profit

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

Income tax expense

18.0k6.0k30.0k44.0k41.0k42.0k(98.0k)10.0k30.0k

Net Income

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

Violin Systems Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016

Cash

40.3m93.4m23.9m

Accounts Receivable

21.1m15.1m5.3m

Inventories

39.7m10.3m12.0m

Current Assets

166.2m187.6m97.5m

PP&E

13.7m9.9m9.3m

Total Assets

184.7m204.2m112.8m

Accounts Payable

18.4m11.1m3.7m

Short-term debt

10.0m13.4m

Current Liabilities

69.2m54.7m43.7m

Long-term debt

116.0m117.5m

Total Debt

126.0m130.9m

Total Liabilities

80.9m182.8m167.7m

Common Stock

8.0k9.0k10.0k

Additional Paid-in Capital

456.2m482.7m505.3m

Retained Earnings

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

Total Equity

103.7m21.4m(54.9m)

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

Quarterly

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

Cash

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

Accounts Receivable

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

Inventories

34.4m38.2m33.9m28.7m15.7m13.0m12.3m11.5m9.8m

Current Assets

196.8m149.5m134.5m229.1m159.0m142.7m122.5m67.5m50.2m

PP&E

14.4m13.5m11.9m10.8m9.0m9.0m9.8m9.4m8.5m

Total Assets

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

Accounts Payable

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

Short-term debt

9.8m10.9m4.0m13.7m13.9m

Current Liabilities

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

Long-term debt

7.5m5.8m7.1m

Total Debt

7.5m9.8m10.9m4.0m13.7m13.9m5.8m7.1m

Total Liabilities

75.5m87.8m73.0m191.2m177.6m178.3m177.1m155.5m154.5m

Additional Paid-in Capital

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

Retained Earnings

(296.1m)(382.8m)(391.2m)(414.7m)(488.0m)(512.4m)(535.1m)(582.8m)(603.3m)

Total Equity

141.8m80.3m79.2m62.0m449.0k(17.1m)(35.7m)(72.9m)(90.2m)

Debt to Equity Ratio

0.1 x0.1 x0.2 x-0.8 x-0.4 x-0.1 x

Debt to Assets Ratio

0 x0.1 x0 x0.1 x0.1 x0.1 x

Financial Leverage

1.5 x2.1 x1.9 x4.1 x396.6 x-9.4 x-4 x-1.1 x-0.7 x

Violin Systems Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

12.6m11.0m8.7m

Accounts Receivable

957.0k6.0m9.8m

Inventories

(24.3m)9.1m(1.6m)

Accounts Payable

2.9m(11.8m)(7.8m)

Cash From Operating Activities

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

Purchases of PP&E

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

Cash From Investing Activities

(69.0m)7.6m4.2m

Cash From Financing Activities

173.4m125.0m4.6m

Interest Paid

972.0k419.0k5.2m

Income Taxes Paid

47.0k115.0k388.0k

Quarterly

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

Net Income

(93.3m)(30.1m)(38.6m)(62.1m)(26.5m)(50.9m)(73.6m)(22.2m)(42.7m)

Depreciation and Amortization

8.7m3.0m5.9m8.4m4.7m6.7m2.0m4.1m

Accounts Receivable

(1.4m)5.9m9.0m2.5m7.5m9.3m5.6m1.4m2.7m

Inventories

(13.5m)(216.0k)3.0m10.4m15.7m(2.5m)(1.8m)(140.0k)(1.8m)

Accounts Payable

3.4m4.1m(3.6m)(9.7m)13.4m(5.6m)(5.3m)(2.3m)(1.3m)

Cash From Operating Activities

(51.6m)(17.0m)(47.4m)(66.5m)(37.8m)(59.9m)(18.7m)(32.2m)

Purchases of PP&E

(5.9m)(1.0m)(3.6m)(3.1m)(5.5m)(610.0k)(1.2m)

Cash From Investing Activities

(58.2m)19.0m53.1m31.2m(17.1m)(9.0m)22.4m33.5m

Long-term Borrowings

(7.5m)

Cash From Financing Activities

174.9m5.8m9.0m125.3m4.7m4.9m(7.6m)(6.2m)

Interest Paid

27.0k63.0k312.0k2.7m5.2m2.6m2.6m

Income Taxes Paid

39.0k12.0k12.0k42.0k41.0k15.0k18.0k17.0k17.0k

Violin Systems Ratios

USDY, 2016

Debt/Equity

-2.4 x

Debt/Assets

1.2 x

Financial Leverage

-2.1 x
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Violin Systems Operating Metrics

Violin Systems's Enterprise Customers was reported to be 350 in FY, 2016.
FY, 2016

Channel Partners

100

Enterprise Customers

350

Patent Applications

88

Patents (Foreign)

65

Patents (US)

45
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Violin Systems Employee Rating

2.387 votes
Culture & Values
2.3
Work/Life Balance
2.8
Senior Management
2.1
Salary & Benefits
3.3
Career Opportunities
2.0
Source