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April 28, 2015 1:00 PM ET

Software

Company Overview of Mavenir Systems, Inc.

Company Overview

Mavenir Systems, Inc. provides software-based telecommunications networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. The company’s solutions, which are based on its mOne Convergence platform, enable mobile service providers to deliver Internet protocol (IP)-based voice, video, rich communications, and enhanced messaging services through their 2G and 3G networks, and next-generation 4G LTE networks to their subscribers. It offers various voice and video products, such as telephony application server that provides voice, video, and supplementary services through broadband IP networks; voice over LTE interworking function, which enables voice and...

1700 International Parkway

Suite 200

Richardson, TX 75081

United States

Founded in 2005

1,183 Employees

Phone:

469-916-4393

Fax:

469-916-4397

Key Executives for Mavenir Systems, Inc.

Chief Executive Officer, President and Director
Age: 49
Total Annual Compensation: $395.0K
Chief Financial Officer
Age: 60
Total Annual Compensation: $292.5K
Executive Vice President of Global Sales and Business Development
Age: 54
Total Annual Compensation: $268.8K
Compensation as of Fiscal Year 2014.

Mavenir Systems, Inc. Key Developments

Mavenir Systems, Inc. Revised Earnings Guidance for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015

Mavenir Systems, Inc. revised earnings guidance for the first quarter ended March 31, 2015. Based on preliminary results, for the three months ended March 31, 2015, the company now expects first quarter revenues to be in the range of $27.0 million to $28.5 million, below the company’s previously announced guidance range of $39.0 million to $41.0 million. Non-GAAP operating loss is expected to be between $12.5 million and $10.5 million, also below the previously announced guidance of a non-GAAP loss in the range of $4.0 million to $2.3 million. This is expected to result in non-GAAP basic earnings per share between $0.47 to $0.41, which is below the previously announced guidance range of $0.17 to $0.12. The company provided earnings guidance for the full year of 2015. Revenue is expected to range from $185.0 million to $195.0 million. Non-GAAP gross margin to range from 62.0% to 65.0%. Non-GAAP operating income to range from $13.0 million to $16.0 million. Non-GAAP basic earnings per share to range from $0.28 to $0.36.

T-Mobile Austria Selects Mavenir for Session Border Controller

Mavenir Systems announced that its Session Border Controller (SBC) was selected by T-Mobile Austria GmbH for its IP Interconnect and Access SBC Project. Mavenir's SBC is optimized for advanced wireless applications and provides the full suite of standards-defined wireless functions needed to launch next generation solutions and services, which T-Mobile Austria plans to commercially launch in 2015.

Mavenir Systems Looks For Funds

Mavenir Systems, Inc. (NYSE:MVNR) said that if their available cash balances are insufficient to satisfy their liquidity requirements, they may seek to sell equity or convertible debt securities or enter into additional credit facilities. They may require additional capital beyond their currently anticipated amounts.

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