"Intangible assets" are assets that have significant value but no physical presence and provide long-term financial value to a company. Identifiable intangible assets are those that can be separated from other assets, can be sold separately by the company, and can be identified. Intellectual property, like as trademarks, patents, and copyrights, as well as non-cash government grants, such broadcasting licenses, airport landing rights, are examples of identifiable intangible assets. A trademark is a sign that can be used to separate one company's goods or services from those of other businesses. Trademarks are protected under intellectual property laws. Intangible assets are capitalized at fair value as of the date of acquisition rather than cost when acquired separately.
Elastic NV’s gross value of intangible assets surged from $47.70 million in FY2021 to $73 million in FY2022, an increase of 53.04%. In FY2022, the company's net value of intangible assets was $45.80 million. Trade names and Developed technology accounted for $2.87 million and $70.13 million respectively, based on the company's calculation of the fair value of identified intangible assets. The company's amortization expense for intangible assets was $15.78 million in FY2022.
A total of $15.5 million and $58.7 million of the preliminary acquisition price was allocated to developed technology and goodwill, respectively. The company's subscription revenue, which makes up 93% of their total revenue, is the primary source of revenue. The company's subscription revenue grew from $567.34 million in the year 2021 to $798.77 million in the fiscal year 2022. In comparison to the prior year, total subscription revenue increased by $231.4 million, or 41%, in 2022, the rise in revenue was mostly driven by volume-driven increases from new business. The company raised their subscription client base to over 18,600 customers for the year ending April 30, 2022, compared to over 15,000 customers in 2021.
Elastic NV (Elastic) is a technology company that offers solutions for the secure search, analysis, and visualization of complex and structured information present in any format. The company product portfolio consists of Enterprise search, observability, security, elastic stack, SaaS, and orchestration. It provides consulting and training services to develop, deploy, and manage its software. Elastic markets its solutions to various industries including automotive, education, financial services, government, defense, e-commerce, and technology. It partners with cloud providers, systems integrators, channel partners, referral partners, OEM and MSP partners. The company operates its business across, Americas, Europe, and Asia.
United States of America
United States of America
United States of America
United States of America
United States of America
United States of America
United States of America
Japan
Japan
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