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FORESCOUT TECHNOLOGIES, INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 5, 2020. Its latest SEC filing is a SC 13G/A from Feb 16, 2021.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Sells software and hardware that identify and control devices on organizational networks, plus integrations that coordinate security tools, to corporations and government agencies.

How Did They Make Money?

Customers typically pay within 30 to 90 days for software and hardware licenses, support and maintenance contracts, cloud subscriptions, and optional installation or training. License sales are counted when software access is delivered or hardware ships; subscriptions are spread over their contract terms, and customers pay for installation and training as those services are provided.

revenue

Who Were Their Customers?

Corporations and government agencies across industries buy through distributors and resellers. Forescout's direct sales team and channel staff support customers and partners, while distributors and value-added resellers fulfill orders to mid-market customers.

Customers above 10% of revenue, FY2019
of revenue from three customers (22%, 18%, 12%)
FY2017: 69% from three customers

Did Revenues Turn Into Profits?

No. It lost $118.5M in .

Operating income,
−30% of revenue
▲ +38% (Loss) vs (−$73.5M, −25%)
Net income,
−35% of revenue
▲ +58% (Loss) vs (−$74.8M, −25%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 30, 2020
Revenue
▲ +2%
vs $78.3M in Q2 FY2019
Net income
▼ −24% (Loss)
vs −$30.8M in Q2 FY2019
  • Aug 17, 2020 Advent completed its acquisition of Forescout Forescout became a wholly owned subsidiary, and shares were converted into rights to receive cash.
  • Jul 16, 2020 Forescout and Advent amended their merger agreement The revised agreement set a $29.00-per-share cash tender offer followed by a merger.

Grew. Revenue grew 2.7x in 4 years, from $126M in to $336.8M in , about 28% a year.

Who Did They Compete With?

Competes with Cisco and HP Enterprise

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