AVG IPO watch: The Internet security company AVG Technologies NV filed a IPO listing F-1 document to the U.S. SEC, planning to trade on the New York Stock Exchange with the trading ticker symbol “AVG” and finance $125 million. Read more about the AVG IPO.
The company’s revenue increased from $113.8 million in 2008 to $217.2 million in 2010 with a CAGR of 38.1%; the same period adjusted net income increased from $33.1 million to $67.2 million with a CAGR of 42.5%. The company’s revenue is mainly divided into two sections: Software Subscription and platform promoting. The main source of revenue is the software subscription, but the “platform promoting” drives the revenue growth strongly in the recent years. Over the first nine months of 2011, the AVG subscription revenue grew 24% to $130.1 million, while the revenue derived from the “platform promoting” surged 97.89% to $68.02 million.
The AVG revenue climbed 24% to $198 million; the gross profit increased 26% to $174 million with the gross margin up to 87.98%, (the AVG gross margins were higher than 80% in the recent years). The operating profit rose up by 12.75% to $59.92 million with the operating margin of 30.24%.
AVG IPO – AVG stock price, Best stock watch.com
