Company Quick10K Filing
Quantenna Communications
10-Q 2019-03-31 Filed 2019-04-30
10-K 2018-12-30 Filed 2019-03-01
10-Q 2018-09-30 Filed 2018-10-30
10-Q 2018-07-01 Filed 2018-07-31
10-Q 2018-04-01 Filed 2018-05-01
10-K 2017-12-31 Filed 2018-02-28
10-Q 2017-10-01 Filed 2017-11-07
10-Q 2017-07-02 Filed 2017-08-08
10-Q 2017-04-02 Filed 2017-05-09
10-K 2017-01-01 Filed 2017-03-02
8-K 2019-06-19 Officers, Exhibits
8-K 2019-06-19 M&A, Shareholder Rights, Control, Officers, Amend Bylaw, Exhibits
8-K 2019-06-14 Shareholder Vote
8-K 2019-04-29 Earnings, Exhibits
8-K 2019-03-27 Enter Agreement, Other Events, Exhibits
8-K 2019-02-04 Earnings, Exhibits
8-K 2018-10-29 Earnings, Exhibits
8-K 2018-08-27 Officers
8-K 2018-07-30 Earnings, Exhibits
8-K 2018-06-05 Officers, Shareholder Vote
8-K 2018-04-30 Earnings, Exhibits
8-K 2018-02-12 Earnings, Officers, Exhibits

Quantenna Communications Financials

QTNA Metrics, Comps, Filings

Quarterly | Annual

Business

We are a leader in the design, development, and marketing of advanced high-speed wireless communication solutions enabling wireless local area networking. Our solutions are designed to deliver leading-edge Wi-Fi performance to support an increasing number of connected devices accessing a rapidly growing pool of digital content. We apply our wireless systems and software expertise with high-performance radio frequency, mixed-signal and digital semiconductor design skills to provide highly integrated Wi-Fi solutions to our customers. Our technical expertise and focus on innovation enable us to address the increasing complexity inherent in managing Wi-Fi network access for multiple client devices with different high-bandwidth content streams, while simultaneously delivering superior network speed, broad coverage area, and high capacity and reliability. Our innovative solutions have historically addressed the communications service provider, or service provider, market for home networking applications, including home gateways, repeaters, mesh nodes and video clients such as set-top boxes, or STBs, but we are seeking to increasingly address additional end markets, with solutions for retail, outdoor, small and medium business, enterprise, industrial and consumer electronics. As a pioneer in high performance Wi-Fi solutions, we believe that we are well positioned to serve the rapidly evolving Wi-Fi needs of customers in both our existing and future end markets. We also believe our significant engineering expertise in wireless and communications can expand our addressable market beyond Wi-Fi.

Wi-Fi is a ubiquitous standard for wireless network connectivity, defined by the Institute of Electrical and Electronics Engineers, or IEEE, 802.11 standardization body working group that is rapidly evolving to deliver continued performance improvements while maintaining backward compatibility. According to ABI Research, in 2018 approximately 2.9 billion Wi-Fi-enabled devices are expected to ship, of which approximately 0.8 billion were non-portable devices, and cumulatively, over 18 billion Wi-Fi-connected devices are expected to ship worldwide as of the end of 2018. The rapid growth in Wi-Fi connected devices, coupled with the steadily rising volume of global Internet Protocol-based, or IP-based, traffic, such as web browsing, email, Internet audio and video, file sharing, cloud computing and online gaming, has significantly increased the performance requirements of access points that power Wi-Fi networks. The Cisco Visual Networking Index forecasts that monthly worldwide IP traffic over Wi-Fi will grow from 54 exabytes per month in 2017 to 202 exabytes per month in 2022, a compound annual growth rate of 30%. Such requirements have led to the adoption of ever faster and higher performing Wi-Fi with every standard iteration.

The current generation of Wi-Fi standard is 802.11ac, which experienced its initial adoption in 2013. Due to its higher order modulation and spatial streams, which increased to eight compared to four in the prior generation, as well as its introduction of multi-user, multiple input and multiple output (MU-MIMO), the 802.11ac standard provided an opportunity for us to differentiate our solution from our competitors and gain market share by meeting the full performance and standard requirements. The next Wi-Fi standard is 802.11ax, designated as "Wi-Fi 6" by the Wi-Fi Alliance in October 2018, is currently in draft form and anticipated to be ratified in late 2019. Wi-Fi 6 is the latest revision of the 802.11 Wi-Fi standard, which offers improvement in network speeds over its predecessor and accommodates more users and client nodes. Wi-Fi 6 makes use of orthogonal frequency-division multiple access (OFDMA), which allows better multiplexing of various users. We believe once again that our solutions meet the Wi-Fi 6 standard and will differentiate us from our competitors and give us more opportunities to gain market share. Given the limited wireless spectrum available for Wi-Fi networks and the rapidly increasing demand for Wi-Fi-enabled services, the IEEE standardization body continues to define more advanced capabilities for future revisions of the standard, in particular a new standard to be based on the EHT (extremely high throughput) study group which seeks to advance 802.11 technology to the 6 gigahertz, or GHz, unlicensed bands, which offers more than twice the total spectrum the current 2.4GHz and 5GHz Wi-Fi unlicensed bands. The 802.11 standard implementation is left to the chipset vendors, and the inherent complexity and many optional features of the standard result in trade-offs leading to wide-ranging levels of Wi-Fi chipset functionality, performance, power and cost.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Rambus (RMBS) 1,502,932 62% -36.3 -6% 1,299,827 338,544 232,643 143,484 -82,905 -42,920 1,557,793
MACOM Technology (MTSI) 1,434,219 44% -7.1 -35% 1,105,574 791,678 499,708 220,708 -383,798 -283,761 2,020,857
FormFactor (FORM) 1,428,338 40% 18.4 13% 793,605 179,059 551,722 219,213 105,810 73,364 1,349,791
Tower Semiconductor (TSEM) 1,426,678 0% 1,789,977 553,772 0 0 0 0 1,041,587
Synaptics (SYNA) 1,331,232 35% 55.7 -2% 1,424,300 769,500 1,394,500 482,400 -22,700 17,600 980,432
Himax Technologies (HIMX) 1,194,687 0% 836,678 394,391 0 0 0 0 1,030,361
Xperi (XPER) 1,005,581 97% -26.7 -4% 1,038,148 475,189 189,549 183,308 -46,518 -49,544 1,323,864
Quantenna Communications (QTNA) 928,362 50% 118.0 1% 257,959 45,797 170,454 84,862 3,806 7,522 887,612
Canadian Solar (CSIQ) 898,246 0% 4,892,658 3,619,813 0 0 0 0 787,691
Photronics (PLAB) 781,452 22% 4.7 4% 1,118,665 207,573 550,660 120,841 40,491 129,939 616,190
Smart Global Holdings (SGH) 756,509 19% 12.8 3% 782,733 510,949 1,090,138 206,778 20,580 66,617 850,467
CEVA (CEVA) 707,742 88% 334.6 -1% 293,925 44,565 58,840 51,557 -3,034 2,071 692,891
Ultra Clean (UCTT) 579,962 18% 13.9 0% 992,877 536,151 779,831 140,470 2,040 30,387 421,272
nLight (LASR) 575,973 33% 359.8 -1% 255,468 34,248 179,885 58,853 -2,168 1,215 437,176
Ichor (ICHR) 570,926 14% 25.5 1% 506,866 299,676 431,482 60,449 2,777 28,330 721,975
Renesola (SOL) 441,750 0% 377,712 253,047 0 0 0 0 432,724
Magnachip Semiconductor (MX) 350,581 22% -27.3 -8% 588,137 621,564 771,596 171,319 -47,632 -19,149 523,395
DSP Group (DSPG) 349,285 51% -539.9 -1% 202,564 51,192 88,352 44,655 -1,103 -612 330,391
NVE (NVEC) 346,293 80% 19.7 17% 82,281 967 24,655 19,750 13,710 16,866 332,216
Alpha & Omega Semiconductor (AOSL) 306,083 24% 41.0 0% 749,912 312,359 453,650 109,699 454 6,975 285,976

Balance Sheet ($'000)2017-04-022017-07-022017-10-012017-12-312018-04-012018-07-012018-09-302018-12-302019-03-31
Cash114,40158,23138,84424,43224,61323,42134,55938,88140,750
Accounts Receivable17,81217,69622,82026,78626,31029,70020,08128,32635,096
Inventory
PP&E12,49013,38914,68220,65621,32422,61324,02025,22334,086
Assets156,087174,551191,341212,704220,054226,763234,633245,656257,959
Accounts Payable1,89610,52712,9182,07710,6968,90410,2559,8528,962
Long-Term Debt5,8395,3974,6953,943
Liabilities25,88637,98148,65932,10137,44935,27336,14539,16945,797
Stockholders' Equity130,201136,570142,682180,603182,605191,490198,488206,487212,162
Income Statement ($'000)2017-04-022017-07-022017-10-012017-12-312018-04-012018-07-012018-09-302018-12-302019-03-31
Revenue37,89147,08550,10841,27545,11753,42759,34957,678
Cost of Revenue19,30723,31425,59119,99622,35227,56329,85928,170
Gross Profit18,58423,77124,51721,27922,76525,86429,49029,508
R&D12,63316,05515,01116,04817,60117,08417,78319,059
SG&A6,3037,3827,0988,5558,6938,4978,71913,632
Tax535210-274-468521269-1,381
Net Income-8841692,80232,325-3,2471,0323,879-1,105
Cash Flow ($'000)2017-04-022017-07-022017-10-012017-12-312018-04-012018-07-012018-09-302018-12-302019-03-31
Cash Operating-4357,3677,262-7,5656,769-2,91815,840235
Cash Investing-1,700-66,921-26,475-8,540-3,210-1,636-3,364790
Cash Financing-5093,384-1741,580-3,3783,514-1,231760