Company name:

Mimecast Ltd

  • IPO SHARE PRICE:
    $10.00
  • IPO DATE:
    November 19, 2015
  • TICKER:
    MIME
  • MAIN STOCK EXCHANGE:
    NASDAQ
  • CURRENT HQ LOCATION:
    1 Finsbury Avenue London EC2M 2PF United Kingdom EC2M 2PF
  • FISCAL YEAR END:
    March 31
  • INCORPORATION JURISDICTION:
    None
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Mimecast Ltd

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Mar
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
 186,563 261,897 340,377 426,963 481,722 518,544
Selected Year:
31-Mar
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
99.5%
39.6% —

Sales and marketing

25.6% —

Cost of revenue

18.9% —

Research and development

15.3% —

General and administrative

0.0% —

Impairment of long-lived assets

0.0% —

Restructuring
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
45,679
 50,314 69,699 90,874 109,382 119,109 126,288
Gross profit
45,679
 136,249 192,198 249,503 317,581 362,613 392,256
Sales and marketing
45,679
 96,154 121,246 139,194 169,179 175,115 180,748
Research and development
45,679
 22,593 38,373 57,939 80,790 91,781 101,632
General and administrative
45,679
 27,875 36,989 53,759 65,314 66,991 66,596
Impairment of long-lived assets
45,679
 - 1,712 - - - -
Restructuring
45,679
 - 832 (170) - - -
Total operating expenses
45,679
 $146,622 $199,152 $250,722 $315,283 $333,887 $348,976
Selected Year:
31-Mar
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
0.5%
0.5% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
 ($10,373) ($6,954) ($1,219) $2,298 $28,726 $43,280
Selected Year:
31-Mar
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.3%
0.3% —

Foreign exchange gain (loss)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Foreign exchange gain (loss)
45,679
 6,892 (3,439) (356) (1,078) 3,128 5,764
Other income
45,679
 - - - - - -
Total non-operating income (expense)
45,679
 6,892 (3,439) (356) (1,078) 3,128 5,764
Selected Year:
31-Mar
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
0.3%
0.3% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
 ($3,481) ($10,393) ($1,575) $1,220 $31,854 $49,044
Selected Year:
31-Mar
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
0.8%
0.8% —

Interest income

0.6% —

Income tax expense or benefit

1.1% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
 (268) (598) (5,940) (4,507) (3,177) (2,312)
Interest income
45,679
 510 1,310 2,515 3,446 1,235 1,044
Total other expense or income
45,679
 7,134 (2,727) (3,781) (2,139) 1,186 4,496
Income before income taxes
45,679
 (3,239) (9,681) (5,000) 159 29,912 47,776
Income tax expense or benefit
45,679
 2,202 2,705 2,001 2,359 3,410 4,620
Selected Year:
31-Mar
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
0.5%
0.5% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
 ($5,441) ($12,386) ($7,001) ($2,200) $26,502 $43,156

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Common
-
 - 58,976,977 61,345,165 62,965,224 64,382,729 64,382,729
Selected Year:
31-Mar
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
 ($0.10) ($0.22) ($0.12) ($0.04) $0.42 $0.68
Net Income per diluted share
$45,678,795.00
 ($0.10) ($0.22) ($0.12) ($0.04) $66,023.40 $0.64