- Headquarters: Mountain View, CA
- Founded: 2007
- mobileiron.com
MobileIron names new CEO, sees Q3 revs below consensus
The co announced that its board of directors has appointed Chief Financial Officer Simon Biddiscombe as President, Chief Executive Officer, and member of the board. Mr. Biddiscombe's appointment follows the mutual decision between the MobileIron board and CEO Barry Mainz that Mr. Mainz will leave the company. Mr. Biddiscombe's appointment is effective immediately. Shawn Ayers, Vice President of Finance, will serve as interim CFO, and the company has opened a search to fill the CFO position
- Prelim Q3 results:
- Co sees revs of $42-43 mln (Prior $44-46 mln) vs $45.17 mln Capital IQ Consensus Estimate; Gross billings are expected to be between $49.5 million and $50.5 million (Prior $48-52 mln), which represents growth of between 5% and 7% year-over-year; Non-GAAP gross margin is expected to be between 84% and 85% (Prior 82-84%).
Description
MobileIron, Inc. (MobileIron) provides a mobile information technology (IT) platform for enterprises to manage and secure mobile applications, content and devices. The Company's solution provides enterprise security. The MobileIron Platform combines security and enterprise mobility management (EMM) tools, including mobile device management (MDM), mobile application management (MAM), and mobile content management (MCM) capabilities. The Company offers EMM tools, including EMM platform, cloud security with MobileIron Access, Windows security with MobileIron Bridge and applications. MobileIron offers its customers the flexibility to deploy its solution as a cloud service or as on-premises software. Its applications include Apps@Work, Docs@Work, Web@Work, Help@Work, MobileIron Tunnel, MobileIron Rooms, MobileIron AppConnect and AppConnect Ecosystem. The Company serves a range of industries, such as financial services, government, healthcare and legal.
Key stats and ratios
| Q2 (Jun '17) | 2016 | |
| Net profit margin | -43.48% | -40.98% |
| Operating margin | -43.51% | -40.47% |
| EBITD margin | - | -37.41% |
| Return on average assets | -47.78% | -42.76% |
| Return on average equity | -206.47% | -123.32% |
| Employees | 854 |
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