Zix Corporation was founded in 1998 and is headquartered in Dallas, US

Zix Corporation has offices in Dallas, Burlington and Ottawa

Dallas, US (HQ)

Tower At Cityplace 2711 N Haskell Ave

Ottawa, CA

304 300 March Rd

Burlington, US

401w 67 S Bedford St

Zix Corporation's revenue was reported to be $15.9 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 15.9 m |

## Gross profit (Q1, 2017) | 13.1 m |

## Gross profit margin (Q1, 2017), % | 82% |

## Net income (Q1, 2017) | 1.8 m |

## EBIT (Q1, 2017) | 2.7 m |

## Market capitalization (21-Jul-2017) | 312.3 m |

## Cash (31-Mar-2017) | 23.4 m |

Zix Corporation's current market capitalization is $312.3 m.

USD | FY, 2013^{} | FY, 2014^{} | Y, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 48.1 m | 50.3 m | 54.7 m | 60.1 m |

## Revenue growth, % | 5% | 9% | 10% | |

## Cost of goods sold | 9.6 m | 10.5 m | ||

## Gross profit | 40.5 m | 42 m | 45.1 m | 49.6 m |

## Gross profit Margin, % | 84% | 83% | 82% | 82% |

## R&D expense | 9.6 m | |||

## General and administrative expense | 30.7 m | |||

## Operating expense total | 40.3 m | |||

## EBIT | 9.3 m | 6.8 m | 7.9 m | 9.3 m |

## EBIT margin, % | 19% | 13% | 14% | 15% |

## Interest expense | 33 k | |||

## Pre tax profit | 8.2 m | 9.5 m | ||

## Income tax expense | (3.1 m) | 3.7 m | ||

## Net Income | 10.5 m | 4.1 m | 5 m | 5.8 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Revenue | 12.6 m | 12.7 m | 13.1 m | 13.3 m | 14 m | 14.3 m | 14.9 m | 15.9 m |

## Cost of goods sold | 2 m | 2.1 m | 2.2 m | 2.4 m | 2.4 m | 2.5 m | 2.6 m | 2.8 m |

## Gross profit | 10.6 m | 10.6 m | 10.9 m | 10.9 m | 11.6 m | 11.8 m | 12.3 m | 13.1 m |

## Gross profit Margin, % | 84% | 84% | 83% | 82% | 83% | 82% | 82% | 82% |

## R&D expense | 2.2 m | 2.2 m | 2.1 m | 2.1 m | 2 m | 2.2 m | 2.3 m | 2.4 m |

## General and administrative expense | 6.8 m | 6.5 m | 6.9 m | 7 m | 6.4 m | 7.1 m | 9 m | 8 m |

## Operating expense total | 9 m | 8.8 m | 9 m | 9.1 m | 8.5 m | 9.3 m | 11.3 m | 10.4 m |

## EBIT | 1.6 m | 1.9 m | 1.8 m | 1.7 m | 3.1 m | 2.5 m | 946 k | 2.7 m |

## EBIT margin, % | 13% | 15% | 14% | 13% | 22% | 17% | 6% | 17% |

## Pre tax profit | 1.6 m | 1.9 m | 1.9 m | 1.8 m | 3.2 m | 2.5 m | 996 k | 2.7 m |

## Income tax expense | (622 k) | (768 k) | (687 k) | (647 k) | (1.3 m) | (957 k) | (437 k) | (966 k) |

## Net Income | 977 k | 1.2 m | 1.2 m | 1.1 m | 1.9 m | 1.6 m | 559 k | 1.8 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 27.5 m | 21.7 m | 28.7 m | 26.5 m |

## Accounts Receivable | 322.8 m | |||

## Current Assets | 33.7 m | 27.3 m | 32.1 m | 30.5 m |

## PP&E | 2.6 m | 4.4 m | 4.1 m | 4 m |

## Goodwill | 2.2 m | 2.2 m | 2.2 m | 2.2 m |

## Total Assets | 90.7 m | 83.7 m | 87.3 m | 82.4 m |

## Accounts Payable | 495 k | 506 k | 370 k | 355 k |

## Current Liabilities | 21.6 m | 25 m | 28.2 m | 30.5 m |

## Non-Current Liabilities | 2.9 m | 2.4 m | 2.3 m | 2.8 m |

## Total Liabilities | 24.5 m | 27.5 m | 30.5 m | 33.3 m |

## Additional Paid-in Capital | 359.2 m | 361.6 m | 372.4 m | 374.4 m |

## Retained Earnings | (243.3 m) | (239.2 m) | (234.2 m) | (228.3 m) |

## Total Equity | 66.2 m | 56.3 m | 56.8 m | 49.1 m |

## Financial Leverage | 1.4 x | 1.5 x | 1.5 x | 1.7 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 26.2 m | 20.3 m | 24.9 m | 28 m | 24.1 m | 27.1 m | 20.7 m | 23.4 m |

## Current Assets | 32.2 m | 25.7 m | 29.4 m | 32.9 m | 29.1 m | 30.7 m | 24.4 m | 27 m |

## PP&E | 2.6 m | 3.8 m | 4.7 m | 4.6 m | 4.4 m | 3.8 m | 4.3 m | 3.9 m |

## Goodwill | 2.2 m | 2.2 m | 2.2 m | 2.2 m | 2.2 m | 2.2 m | 2.2 m | 10.7 m |

## Total Assets | 88.6 m | 82.7 m | 86 m | 89 m | 83.9 m | 84.8 m | 78.6 m | 86.6 m |

## Accounts Payable | 704 k | 641 k | 492 k | 619 k | 159 k | 406 k | 702 k | 420 k |

## Current Liabilities | 23.1 m | 25.4 m | 24.1 m | 24.8 m | 27.8 m | 28.8 m | 30 m | 32.4 m |

## Non-Current Liabilities | 2.6 m | 2.5 m | 2.7 m | 2.6 m | 2.4 m | 2.7 m | 2.9 m | 2.9 m |

## Additional Paid-in Capital | 360.1 m | 360.9 m | 363.5 m | 366 m | 367.1 m | 372.8 m | 373.5 m | 375.3 m |

## Retained Earnings | (241.2 m) | (240.1 m) | (238 m) | (236.9 m) | (235 m) | (232.6 m) | (232 m) | (226.5 m) |

## Total Equity | 62.8 m | 54.7 m | 59.2 m | 61.5 m | 53.6 m | 53.3 m | 45.7 m | 51.3 m |

## Financial Leverage | 1.4 x | 1.5 x | 1.5 x | 1.4 x | 1.6 x | 1.6 x | 1.7 x | 1.7 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 10.5 m | 4.1 m | 5 m | 5.8 m |

## Depreciation and Amortization | 1.5 m | 1.6 m | 2.2 m | 2.3 m |

## Accounts Payable | (103 k) | (1 k) | (81 k) | (15 k) |

## Cash From Operating Activities | 13.3 m | 13.3 m | 15.6 m | 15.3 m |

## Purchases of PP&E | (1.6 m) | (3.4 m) | (2 m) | (2.1 m) |

## Cash From Investing Activities | (1.6 m) | (3.4 m) | (2 m) | (2.1 m) |

## Cash From Financing Activities | (7.2 m) | (15.7 m) | (6.7 m) | (15.3 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Net Income | 977 k | 1.2 m | 1.2 m | 1.1 m | 1.9 m | 1.6 m | 559 k | 1.8 m |

## Accounts Payable | 704 k | 641 k | 492 k | 619 k | 159 k | 406 k | 702 k | 420 k |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 79.1 k |

## Financial Leverage | 1.7 x |

Zix Corporation's Backlog was reported to be $78.9 m in Q1, 2017. Zix Corporation's Customers was reported to be 19 k in May, 2017

- Source: SEC Filings, ZixCorp Presentation

Acquired Company | Date | Deal Size |
---|---|---|

Greenview Data | March 16, 2017 | $6.5 m |