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Envivio Reports Revenue Was Up 69 Percent in FY 2012, Updates IPO Documents

Broadcast technology vendor financials, Broadcast Vendor M&A, Quarterly Results, SEC Filings | Posted by Joe Zaller
Mar 27 2012

Video encoding and transcoding specialist Envivio, who recently closed a $16.5m fundraising round, said in an updated S-1 (IPO) filing that its revenue for the full year ended January 31, 2012 was $50.6m, an increase of 69% over the previous year.  The company attributed the increase in sales to increased consumer demand for multi-screen video services, and continued growth into the North American market.

Net profit for the full year was $138,000, versus a net loss of $2.5m during the previous year. Operating income for the year was $659,000, versus a loss of $1.99m last year.  Gross margins for the year were 63%, up from 62% during the previous year.

The company ended the year with $27.4m in cash, up from $10m at the end of last year.

Research and development expenses for the year were $6.7m, up 31% versus the previous year due to an increase in personnel-related expenses and professional services.

Sales and marketing costs for the year were $16.2m, up 82% versus the previous year due to increases in personnel-related expenses, commissions and bonuses associated with increased sales, travel expenses, and higher marketing costs.

General and administrative expenses for the year were $8.6m, up 33% versus last year due to an increase in personnel-related expenses and professional services in finance and administration.

The disclosures were made via an updated S-1 (IPO) filing with securities regulators.  Envivio first filed an S-1 in April of 2011, but has not yet become a public company.  However it appears the company is still on the IPO track, as it has updated its S-1 filing several times over the past year.

In January of this year Envivio disclosed that it had raised $16.5m in financing through the sale preferred stock. According to Envivio’s updated S-1 filing the latest round of financing was led by Sageview Capital Master, L.P., which purchased $15m of preferred shares in the company.  Crédit Agricole Private Equity also participated in this round.

Envivio has raised a total of $95.1m since being founded in 2000.

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Related Content:

Envivio S-1/A Filing: Ammended S-1 (IPO) filing with the SEC

Envivio Closes $16.5 Million Fundraising Round

Envivio D/A Filing: Disclosed newly raised funds

TechCrunch Article: On-Demand Video Services Company Envivio Files To Go Public

Previous year: Envivio Says it Doubled Revenue in Fiscal 2011

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