Posts Tagged ‘IPO’

HD World Cup Drives 22 Percent Growth for ATEME During First Six Months of 2014

Broadcast technology vendor financials | Posted by Joe Zaller
Jul 30 2014

Video compression specialist ATEME announced that its revenue for the first six months of 2014 was €12m, an increase of 22% versus the same period a year ago.

These are the first results published by ATEME as a public company, following its €13.3m initial public offering earlier this month.

The company attributed its revenue growth during the first half of 2014 to deals with customers in EMEA and Latin America, which facilitated HD broadcasts of the 2014 FIFA World Cup. The company also said it acquired several new clients during the period, including leading Mexican broadcaster Televisa.

ATEME also disclosed that, following the 2014 World Cup, it has expanded its team in Brazil to support new customers in the run up to the 2016 Olympics in Rio.

ATEME President Michel Artières said the company continues to gain market share and that it plans to capitalize on the eventual shift to HEVC compression drive future growth.

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Related Content: 

Press Release: ATEME Sustained growth in the first half of 2014: Turnover: 22%

Ateme raises €13.3m through Initial Public Offering

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Ateme raises €13.3 Million through Initial Public Offering

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Jul 11 2014

Video compression specialist ATEME announced that it has raised €13.3m through Initial Public Offering.

According to the company, the offering was well received by institutional and individual investors and was oversubscribed at a rate of nearly 2.5 times the number of shares offered.

The IPO pricing translates to a market capitalization of €44.7m.

“We are very pleased with the success of our IPO and we wish to warmly thank and welcome the investors to the ATEME family,” said ATEME CEO Michel Artières. “This validates our commercial achievements in encoding the world’s most valuable video content and enhances our financial capabilities to meet the continuing high demand for our video encoding technologies. With the funds raised, we will now be able to further accelerate our research and deployment, increase our market share and consolidate our technological leadership.”

ATEME had revenue of €29.7m in 2013, up 13% versus the full year 2012. The company posted a net loss of €1m in 2013, versus a net profit of €300,000 in 2012.

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Related Content:

Press Release: ATEME Announces Successful Initial Public Offering

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Video Chip Maker Ambarella Grows Revenue 24.5 Percent in Fiscal 2013

Broadcaster Financial Results, Quarterly Results | Posted by Joe Zaller
Mar 17 2013

Video chip maker Ambarella announced that its revenue for the fourth quarter of fiscal 2013 was $31.5m, up 28.3% from $24.6 million in the same period in fiscal 2012. For the fiscal year ended January 31, 2013, the company’s revenue was $121.1m, up 24.5% from $97.3m for the year ending January 31, 2012.

GAAP net income for the fourth quarter of fiscal 2013 was $3.6m, or $0.13 per diluted ordinary share, compared with GAAP net income of $1.8m million, or $0.04 per diluted ordinary share, for the same period in fiscal 2012. GAAP net income for the year ended January 31, 2013 was $18.2m, or $0.60 per diluted ordinary share. This compares to GAAP net income of $9.8m, or $0.30 per diluted ordinary share, for the year ended January 31, 2012.

Q4 non-GAAP net income was $5m, or $0.18 per diluted ordinary share. This compares with non-GAAP net income of $2.7m, or $0.08 per diluted ordinary share for the same period in fiscal 2012. Non-GAAP net income for the year ended January 31, 2013 was $22.7m, or $0.79 per diluted ordinary share. This compares to non-GAAP net income of $13.1m, or $0.45 per diluted ordinary share, for the year ended January 31, 2012.

Q4 GAAP gross margins were 63.2%, down from 68.2% for the same period in fiscal 2012. For the year ended January 31, 2013, GAAP gross margin was 66.6%, flat with last year. Q4 non-GAAP gross margins were 63.3%, compared with 68.3% for the same period last year. Full year non-GAAP gross margin were 66.7%, down slightly from 66.7% versus last year.

“We are very pleased with our fourth quarter and fiscal year 2013 financial results,” said Fermi Wang, president and CEO. “We experienced significant year-over-year growth in our automotive and sports camera markets, and we were especially pleased with progress in our professional IP security camera market, which contributed strong gross margins as well as substantial year-over-year revenue growth. As this security market continues to grow rapidly, driven by the migration from analog standard definition cameras to digital, IP-based high definition cameras, we believe our products offer advanced technology and leading features that allow our customers to deliver winning solutions to the market.”

Ambarella’s A6 broadcast encoder/transcoder, which performs 1080p60 encoding and 1080i60 transcoding,is used by a variety of firms for H.264 and MPEG-2 head-end encoders and high-density transcoders.   It is believed that Ambarella’s broadcast industry clients include Harmonic, Ericsson, Motorola, Cisco, Harris, RGB Networks, and Evertz.

The company also sells video processors for digital video cameras, including the popular GoPro consumer cameras.

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Relate Content:

Press Release: Ambarella, Inc. Announces Fourth Quarter and Fiscal 2013 Financial Results

Ambarella Q4 FY 2013 Conference Call Transcript

Video Processing Chip Vendor Ambarella Raises $36 Million Through Initial Public Offering

Ambarella — Ammended S1 (IPO) Filing

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Video Processing Chip Vendor Ambarella Raises $36 Million Through Initial Public Offering

Broadcast technology vendor financials, IPO, SEC Filings | Posted by Joe Zaller
Oct 22 2012

Video chip maker Ambarella raised $36m through an initial public offering.  The company’s shares were priced at $6, well below the previously estimated range of $9 to $11.

About 4.9 million of the shares in the offering were sold by the company, with the rest coming from existing shareholders.  The company says the offering will net it approximately $24.9m, after expenses, and could rise to approximately $29.9m, if its underwriters fully exercise their over-allotment option.

The company said it intend to use the proceeds from the IPO for general corporate purposes, including working capital and capital expenditures. The company also said it may use a portion of the net proceeds to acquire complementary businesses, products or technologies, but said it is not currently contemplating any such acquisitions.

Ambarella has two primary segments, “camera” and “infrastructure” (which includes broadcast-related customers), and has shipped approximately 27 million SoCs shipped since it was founded in 2004.

Last year Ambarella year, the company posted a profit of $9.8m on revenue of $97.2m, with approximately $24m coming from its infrastructure segment, which includes broadcast related applications.   For the first six months of 2012, the company posted a net profit of $7.8m on revenue of $53.9m, including $15m from the infrastructure segment.

The company says its A6 broadcast encoder/transcoder, which performs 1080p60 encoding and 1080i60 transcoding, is well-suited for high-density applications such as H.264 and MPEG-2 head-end encoders and high-density transcoders.   It is believed that Ambarella’s broadcast industry clients include Harmonic, Ericsson, Motorola, Cisco, Harris, RGB Networks, and Evertz.

The company also sells video processors for digital video cameras, including the popular GoPro consumer cameras.

The company is listed on the NSADAQ market, and trades under the ticker symbol AMBA.

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Related Content:

Ambarella Amended S1 (IPO) Filing with the SEC

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Envivio Shares Close Below IPO Price on First Day as Public Company

Broadcast technology vendor financials, Quarterly Results, SEC Filings | Posted by Joe Zaller
Apr 26 2012

Video encoding and transcoding specialist Envivio became a public company yesterday, trading on the NSADAQ market under the symbol ENVI.  In honor of the occasion, Envivio’s Founder & CEO Julien Signes rang the NASDAQ Market’s opening bell.

 

 

The company raised approximately $70m by selling 7.8m shares at $9 each.  Envivio had hoped to raise about $85m by selling shares for $10 – $12. According to a Wall Street Journal article, “Envivio’s lowered pricing shows that investors continue to be selective about the IPO valuations they are willing to accept, even in the technology sector.”

Although Envivio’s shares initially traded as high as $9.35 per share, the stock settled back to $8.49 by the end of its first day as a public company, 5.7% below the IPO price.

For the full year ended January 31, 2012 Envivio’s revenue 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.

Envivio’s 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 had $27.4m in cash, up from $10m at the end of last year.

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Related Content:

Envivio Files for $85 Million Goldman Sachs Led IPO

WSJ Article: Envivio Loses Early Gains

April 2012 Envivio S-1/A filing

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

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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Envivio Files for $85 Million Goldman Sachs Led IPO

Broadcast technology vendor financials, SEC Filings | Posted by Joe Zaller
Apr 12 2012

Video encoding and transcoding specialist Envivio, which recently closed a $16.5m fundraising round, said it intends to sell 7.755m shares through an IPO backed by Goldman Sachs, Deutsche Bank and Stifel Nicolaus and William Blair & Company.  The deal, which will officially price on April 24th, is expected to raise about $85m at a price of $10 – $12 per share.  Envivio filed for IPO last year, but the offering has been delayed.  It now appears to be back on the table. The company has revised its S-1 (IPO) filing multiple time, and the latest version is the first to name its underwriters.

According to its latest S-1 filing Envivio is selling 6.5m shares in the offering.  An additional 1.255m shares are being sold by current Envivio investors including Sageview Capital Master, L.P., Atlantic Bridge, Crédit Agricole Private Equity and Crescendo Ventures.  Many of these firms are long-term inveestors in Envivio.  Sageview Capital Master, L.P. and Crédit Agricole Private Equity participated in the recent $16.5m fundraising round when they purchased 2,500,00 and 100,000 shares of Envivio respectively.

For the full year ended January 31, 2012 Envivio’s revenue 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.

Envivio’s 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 had $27.4m in cash, up from $10m at the end of last year.

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Related Content:

April 2012 Envivio S-1/A filing

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

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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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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Envivio Closes $16.5 Million Fundraising Round

Broadcast technology vendor financials | Posted by Joe Zaller
Jan 23 2012

Video encoding and transcoding specialist Envivio said in a filing that it has recently raised $16.5m in financing through the sale preferred stock.  This brings the total amount raised by Envivio since being founded in 2000 to $95.1m.

Envivio file for an IPO in April of 2011, but has not yet become a public company.

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Related Content:

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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NDS Group Files for $100m IPO

Broadcast technology vendor financials | Posted by Joe Zaller
Dec 21 2011

NDS Group, which provides conditional access and software solutions to a wide range of pay TV providers has filed to raise up to $100m through an initial public offering on the New York Stock Exchange. The company says it will use the proceeds to pay down debt and for general corporate purposes.

In its filing with the SEC, NDS said it had revenue of $957m in the year ended June 30 2011.  For the quarter ending September 30, 2011 NDS posted a profit of $4.5m on revenue of $214m.

NDS was previously listed on the Nasdaq until it was taken private in 2009 by Permira Advisers LLP, a private equity firm. Permira owns 51% of the company, with News Corporation owning the remaining 49%.

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Related Content:

NDS F1 filing with the Securities and Exchange Commission

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