Company name:

ForeScout Technologies Inc

  • IPO SHARE PRICE:
    $22.00
  • IPO DATE:
    October 27, 2017
  • TICKER:
    FSCT
  • MAIN STOCK EXCHANGE:
    NASDAQ Global
  • CURRENT HQ LOCATION:
    190 West Tasman Drive San Jose California 95134
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • 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

ForeScout Technologies Inc

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Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2019
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
100%
52.0% —

License revenue

42.4% —

Subscription revenue

5.6% —

Professional services revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Subscription revenue
-
 - 86,691 118,572 142,777 149,294 150,448
License revenue
-
 - 125,348 162,667 175,115 52,376 150,308
Product revenue
$45,679
 97,994 - - - - -
Maintenance and professional services
$45,679
 69,552 - - - - -
Professional services revenue
-
 - 12,365 16,412 18,909 19,708 18,748
Total Revenue
$45,679
 $167,546 $224,404 $297,651 $336,801 $319,982 $319,504
Selected Year:
31-Dec
2019
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
130.1%
63.3% —

Sales and marketing

24.6% —

Research and development

18.7% —

General and administrative

9.3% —

License costs

7.7% —

Costs of professional services

6.5% —

Subscription
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of Product
45,679
 21,832 - - - - -
License costs
-
 - 23,841 27,854 31,301 29,773 25,128
Maintenance and professional services
45,679
 26,571 - - - - -
Subscription
-
 - 13,912 16,215 21,977 25,225 28,164
Costs of professional services
-
 - 20,859 23,813 25,900 26,792 24,592
Total cost of revenue
45,679
 48,403 58,612 67,882 79,178 81,790 77,884
Total gross profit
45,679
 $119,143 $165,792 $229,769 $257,623 $238,192 $241,620
Sales and marketing
45,679
 119,071 144,398 183,880 213,046 187,226 155,952
Research and development
45,679
 31,490 47,435 61,713 82,795 89,618 86,056
General and administrative
45,679
 30,731 51,206 57,721 63,018 77,181 86,932
Total operating expenses
45,679
 181,292 243,039 303,314 358,859 357,396 332,376
Selected Year:
31-Dec
2019
Operating Income
Income after excluding Operating Expenses from Total Revenue
30.1%
30.1% —

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
 ($62,149) ($77,247) ($73,545) ($101,236) ($119,204) ($90,756)
Selected Year:
31-Dec
2019
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.6%
0.6% —

Other income

0.0% —

Change in fair value of warrant liability
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Change in fair value of warrant liability
45,679
 1,104 (727) - - - -
Other expense or income
45,679
 (607) - - - (29) 2,288
Other income
-
 - 316 2,567 1,918 796 -
Total non-operating income (expense)
45,679
 497 (411) 2,567 1,918 767 2,288
Selected Year:
31-Dec
2019
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
29.5%
29.5% —

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
 ($61,652) ($77,658) ($70,978) ($99,318) ($118,437) ($88,468)
Selected Year:
31-Dec
2019
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
5.7%
0.1% —

Interest expense

5.6% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
 (2,577) (1,223) (913) (496) (614) (472)
Income before income taxes
45,679
 (64,229) (78,881) (71,891) (99,814) (119,051) (88,940)
Income tax expense or benefit TEST - ODD
45,679
 1,250 1,839 2,945 18,721 19,234 5,152
Selected Year:
31-Dec
2019
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
35.2%
35.2% —

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
 ($65,479) ($80,720) ($74,836) ($118,535) ($138,285) ($94,092)
Redeemable convertible preferred stock deemed dividend - Series G Redeemable convertible preferred stock deemed dividend - Series G
45,679
 - 12,810 - - - -
Net income (loss) attributable to common stock
45,679
 (65,479) (93,530) (74,836) (118,535) (20,010) -

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
-
 - 38,367,757 44,523,438 48,404,973 49,712,035 49,712,035
Selected Year:
31-Dec
2019
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
 ($11.67) ($8.20) ($1.83) ($2.58) ($2.87) ($1.92)
Net Income per diluted share
$45,678,795.00
 ($11.67) ($8.20) ($1.83) ($2.58) ($2.87) ($1.92)