RingCentral Inc (N:RNG)

Business Focus: Enterprise Software

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
Mitesh Dhruv
Chief Financial Officer
David Sipes
Chief Operating Officer
John Marlow
Senior Vice President - Corporate Development, Chief Administrative Officer, General Counsel, Secretary
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 2018, RingCentral Inc revenues increased 34% to $673.6M. Net loss before extraordinary items totaled $26.2M vs. income of $29.1M. Revenues reflect Software subscription increase of 32% to $612.9M, Other increase of 58% to $60.7M. Net loss reflects Sales and marketing increase of 35% to $301.8M (expense), General and administrative increase of 38% to $82M (expense).
Employees: 1,871 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $8,554M as of Dec 31, 2018
Annual revenue (TTM): $673.62M as of Dec 31, 2018
EBITDA (TTM): $6.84M as of Dec 31, 2018
Net annual income (TTM): -$26.20M as of Dec 31, 2018
Free cash flow (TTM): $15.12M as of Dec 31, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 81,245,406 as of Feb 21, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization