Evolving Systems Inc (OQ:EVOL)

Sector:  Technology Industry:  Software
See Regulatory Filings on SEC
Company Contact
Address: 9800 Pyramid Ct Ste 400
ENGLEWOOD CO 80112-2669
Tel: 1-303-3937044
Website: https://www.evolving.com
IR: See website
Key People
Matthew Stecker
Chairman of the Board, President, Chief Executive Officer
Mark Szynkowski
Senior Vice President - Finance
Richard Lewis
Senior Vice President - Worldwide Sales
Business Overview
Evolving Systems, Inc. is a provider of software solutions for service enablement, on-device activation and management of services for connected devices for network operators. The Company operates in two segments: license fees and services revenue, and customer support revenue. Its service activation solution, Tertio is used to activate voice, video and data services for wireless, wireline and cable network operators. Its Subscriber Identity Module (SIM) card activation solution, Dynamic SIM Allocation is used to allocate and assign resources to Mobile Network Operators devices that rely on SIM cards. Its Mobile Data Enablement solution provides a data consumption and policy management solution for wireless carriers and Mobile Virtual Network Operators that monitor the usage and consumption of data services. Its Total Number Management product is an automated database solution that enables operators to manage their telephone numbers, as well as other communication identifiers.
Financial Overview
For the nine months ended 30 September 2019, Evolving Systems Inc revenues decreased 20% to $19.1M. Net loss totaled $8.3M vs. income of $1.2M. Revenues reflect Services decrease of 22% to $17.9M. Net loss reflects Foreign currency exchange gain decrease of 63% to $183K (income), Other income decrease of 85% to $13K (income), Depreciation increase of 47% to $150K (expense).
Employees: 314 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $10.07M as of Sep 30, 2019
Annual revenue (TTM): $25.99M as of Sep 30, 2019
EBITDA (TTM): $0.04M as of Sep 30, 2019
Net annual income (TTM): -$24.30M as of Sep 30, 2019
Free cash flow (TTM): -$0.14M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 12,163,051 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization