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EXA CORP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2017 10-Q, filed Aug 28, 2017. Its latest SEC filing is a 5 from Feb 14, 2018.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Sells fluid-flow simulation software and services to vehicle manufacturers and suppliers, as well as companies in aerospace and oil and gas.

How Did They Make Money?

Customers pay annual fees for simulation capacity, generally when a license begins or soon after; they also pay fixed prices for introductory engineering and consulting projects. Hosted capacity can be paid for by use or bought in a block upfront.

FY2017 revenue

Who Were Their Customers?

Vehicle makers and their suppliers are served mainly by direct sales teams; a distributor in India and a sales agent in Brazil also sell the products. Customers also include companies in aerospace and oil and gas.

Did Revenues Turn Into Profits?

No. It lost $1.1M in FY2017.

Operating income, FY2017
1% of revenue
▲ Now profitable vs FY2016 (−$2.7M, −4%)
Net income, FY2017
−2% of revenue
▼ −76% (Loss) vs FY2016 (−$4.8M, −7%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q2 FY2017, the three months to Jul 31, 2017
Revenue
▲ +2%
vs $17.1M in Q2 FY2016
Net income
▲ +289% (Loss)
vs −$678K in Q2 FY2016
  • Nov 17, 2017 Dassault Systèmes completed its acquisition of Exa Exa became a wholly owned subsidiary, and trading of its common stock was suspended.

Grew. Revenue grew 49% in 4 years, from $48.9M in FY2013 to $72.6M in FY2017, about 10% a year.

Expansion beyond transportation The older report describes aerospace and oil and gas as markets the company was beginning to explore; the latest report says it expanded offerings, built an aerospace customer base, and launched an oil-and-gas product.

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