Crossroads Systems Inc revenue jumped on 39,960%
12/20/2018 • About Crossroads Systems Inc (
$CRSS) • By InTwits
Crossroads Systems Inc reported FY2018 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Crossroads Systems Inc is a fast growth stock: FY2018 revenue growth was 39,960%, 5 year revenue CAGR was 17.6% at FY2018 ROIC
- EBITDA Margin is relatively stable: in FY2018 vs. in FY2017 vs. -43.7% in FY2014
- Crossroads Systems Inc spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2014-FY2018 is 0.0%. Average EBITDA Margin for the same period was -45.1%
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue jumped on 39,960%.
Net Income margin jumped on 2,443 pp from -2,359% to 83.8% in FY2018.
Management team
Eric Donnelly is a Crossroads Systems Inc's CEO. Eric Donnelly is a founder and has spent 1 year with the company. Farzana Giga is a Crossroads Systems Inc's CFO. Farzana Giga has spent 2 years at the company.
Financial and operational results
FY ended 11/30/-0001
Crossroads Systems Inc ($CRSS) key annual financial indicators| mln. $ | 2014 | 2015 | 2016 | 2017 | 2018 | 2018/2017 |
|---|
P&L
|
|---|
| Revenue | 11.149 | 1.045 | 0.674 | 0.071 | 28.442 | 39,959.5% |
| Gross Profit | 9.084 | 0.706 | 0.504 | 0.056 | | |
| SG&A | 8.915 | 9.493 | 5.928 | 2.786 | | |
| EBITDA | -4.875 | -8.413 | -5.355 | | | |
| Net Income | -9.227 | -9.044 | -0.716 | -1.675 | 23.835 | |
Balance Sheet
|
|---|
| Cash | 4.676 | 5.314 | 2.634 | 1.240 | | |
| Short Term Debt | 3.160 | 0.000 | 0.000 | 0.000 | | |
| Long Term Debt | 1.651 | 0.000 | 0.000 | 0.000 | | |
Cash flow
|
|---|
| Capex | 0.081 | 0.226 | 0.028 | 0.000 | | |
Ratios
|
|---|
| Revenue growth | -11.8% | -90.6% | -35.5% | -89.5% | 39,959.5% | |
| EBITDA growth | -58.9% | 72.6% | -36.3% | | | |
|
|---|
| Gross Margin | 81.5% | 67.6% | 74.8% | 78.9% | | |
| EBITDA Margin | -43.7% | -805.1% | -794.5% | | |
| SG&A, % of revenue | 80.0% | 908.4% | 879.5% | 3,923.9% | | |
| Net Income Margin | -82.8% | -865.5% | -106.2% | -2,359.2% | 83.8% | 2,443.0% |
| CAPEX, % of revenue | 0.7% | 21.6% | 4.2% | 0.0% | | |
|
|---|
| ROIC | | -225.9% | -175.9% | -96.3% | | |
| ROE | | | -31.9% | -68.6% | | |
Peers in Technology Hardware, Storage &
Below we provide Crossroads Systems Inc benchmarking against other companies in Technology Hardware, Storage & industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Immersion Corporation ($IMMR) | | 19.8% | -9.9% | -38.7% | 217.0% |
| Veritec Inc ($VRTC) | | -42.2% | -28.0% | -52.2% | 53.1% |
| Boxlight Corporation ($BOXL) | | -88.5% | 503.2% | 26.4% | 47.0% |
| Pure Storage, Inc. ($PSTG) | | 308.2% | 152.4% | 67.9% | 38.6% |
| One Stop Systems, Inc. ($OSS) | | 24.0% | 32.7% | 45.9% | 34.5% |
| |
|---|
| Median (30 companies) | -16.9% | -3.2% | -4.3% | 2.1% | 4.3% |
|---|
| Crossroads Systems Inc ($CRSS) | | -90.6% | -35.5% | -89.5% | 39,959.5% |
Top companies by Gross margin, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Immersion Corporation ($IMMR) | 99.1% | 99.3% | 99.7% | 99.4% | 99.8% |
| Pure Storage, Inc. ($PSTG) | 43.5% | 55.5% | 61.9% | 65.9% | 65.5% |
| NetApp, Inc. ($NTAP) | 62.0% | 62.6% | 60.8% | 61.3% | 62.7% |
| Avid Technology, Inc. ($AVID) | 61.4% | 60.9% | 65.0% | 57.8% | 57.9% |
| Datasea Inc ($DTSS) | | | | 39.3% | 54.4% |
| |
|---|
| Median (30 companies) | 35.6% | 35.0% | 38.5% | 38.9% | 38.6% |
|---|
Top companies by EBITDA margin, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Immersion Corporation ($IMMR) | 12.3% | 9.0% | -25.1% | -127.0% | 48.6% |
| Apple Inc. ($AAPL) | 33.1% | 35.3% | 32.7% | 31.2% | 30.8% |
| Western Digital Corporation ($WDC) | 20.1% | 18.7% | 12.5% | 21.4% | 27.5% |
| NetApp, Inc. ($NTAP) | 16.9% | 16.7% | 11.3% | 15.4% | 22.9% |
| Seagate Technology PLC ($STX) | 19.3% | 21.1% | 11.3% | 16.7% | 20.0% |
| |
|---|
| Median (30 companies) | 8.6% | 7.4% | 4.9% | 4.0% | 7.9% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Hewlett Packard Enterprise Company ($HPE) | 6.6% | 6.4% | 10.8% | 10.9% | 9.6% |
| Pure Storage, Inc. ($PSTG) | 28.7% | 24.2% | 8.9% | 10.4% | 6.3% |
| 3D Systems Corporation ($DDD) | 3.5% | 3.4% | 2.6% | 4.8% | 5.9% |
| Apple Inc. ($AAPL) | 5.2% | 4.8% | 5.9% | 5.4% | 5.0% |
| Western Digital Corporation ($WDC) | 4.2% | 4.2% | 4.5% | 3.0% | 4.0% |
| |
|---|
| Median (30 companies) | 2.7% | 2.9% | 1.7% | 1.9% | 2.3% |
|---|
Top companies by ROIC, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Avid Technology, Inc. ($AVID) | | | | | 252.4% |
| Ionix Technology Inc ($IINX) | | | | 23.9% | 204.5% |
| Immersion Corporation ($IMMR) | 7.6% | 5.8% | -21.5% | -138.9% | 96.8% |
| HP Inc. ($HPQ) | 8.0% | 8.7% | 15.8% | 60.8% | 72.9% |
| NetApp, Inc. ($NTAP) | 12.5% | 14.8% | 7.3% | 14.0% | 28.1% |
| |
|---|
| Median (37 companies) | 5.9% | 5.7% | 1.8% | 1.6% | 2.7% |
|---|
| Crossroads Systems Inc ($CRSS) | | -225.9% | -175.9% | -96.3% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| CPI Card Group Inc. ($PMTS) | 3.4x | 3.5x | 5.8x | | 12.4x |
| NCR Corporation ($NCR) | 4.9x | 6.6x | 2.7x | 2.3x | 5.2x |
| Avid Technology, Inc. ($AVID) | -0.7x | 3.1x | 1.7x | 5.6x | 4.8x |
| Xerox Corporation ($XRX) | 3.5x | 3.5x | 3.1x | 3.0x | 3.0x |
| Electronics for Imaging, Inc. ($EFII) | -0.2x | 1.4x | 1.3x | 1.6x | 1.7x |
| |
|---|
| Median (20 companies) | -0.2x | 0.5x | 0.2x | 0.3x | 0.6x |
|---|
