RingCentral Inc (N:RNG)

Sector:  Technology Industry:  Software
See Regulatory Filings on SEC
Company Contact
Address: 20 Davis Dr
BELMONT CA 94002-3002
Tel: N/A
Website: https://www.ringcentral.com
IR: See website
Key People
Vladimir Shmunis
Chairman of the Board, Chief Executive Officer
Anand Eswaran
President, Chief Operating Officer
Mitesh Dhruv
Chief Financial Officer
John H. Marlow
Senior Vice President - Corporate Development, Chief Administrative Officer, General Counsel, Secretary
Vaibhav Agarwal
Chief Accounting Officer
Praful Shah
Chief Strategy Officer
Business Overview
RingCentral, Inc. is a provider of software-as-a-service (SaaS) solutions for businesses to support modern communications. The Company's cloud-based business communications solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones, and allow for communication across multiple channels, including high definition (HD) voice, video, short messaging service (SMS), messaging and collaboration, conferencing, online meetings, and fax. The Company's products include RingCentral Office, RingCentral Professional, RingCentral Fax, RingCentral Contact Center and RingCentral Glip. RingCentral Office is a multi-user, enterprise-grade communications solution. RingCentral Professional is an inbound call routing subscription with additional text and fax capabilities targeting smaller deployments, and RingCentral Fax is an Internet fax subscription that permits sending and receiving faxes over the Internet.
Financial Overview
For the fiscal year ended 31 December 2019, RingCentral Inc revenues increased 34% to $902.9M. Net loss increased from $26.2M to $53.6M. Revenues reflect Software subscription increase of 33% to $817.8M, Other increase of 40% to $85M. Higher net loss reflects Interest expense increase of 27% to $20.5M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.33 to -$0.64.
Employees: 1,871 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $20,387M as of Dec 31, 2019
Annual revenue (TTM): $902.86M as of Dec 31, 2019
EBITDA (TTM): -$7.81M as of Dec 31, 2019
Net annual income (TTM): -$53.61M as of Dec 31, 2019
Free cash flow (TTM): -$68.51M as of Dec 31, 2019
Net Debt Last Fiscal Year: $43.28M as of Dec 31, 2019
Shares outstanding: 95,050,802 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization