The 25-day IPO quiet period on Tintri Inc. (NASDAQ GLOBAL: TNTR) will end on July 25, allowing the firm’s IPO underwriters to publish reports and recommendations on Tintri, beginning July 26.

The share price of Tintri Inc. will likely see a temporary increase as a result of a flood of positive underwriter reports. The event could open a buying opportunity for experienced investors. A handful of select IPO quiet period expirations produce buying opportunities. (Please refer to our firm’s research for full details.)

We previewed this event on our IPO Insights platform.

Business Overview: Provider of Enterprise Cloud Platform

Tintri develops and sells an enterprise cloud platform that combines cloud management software with an all-flash storage system. The platform provides both cloud service providers and large organizations with public cloud capabilities inside their data centers. See more in our IPO preview.

The company focuses on a range of functionalities, including disaster recovery, development operations, data protection, desktop virtualization, and server virtualization.

In addition, Tintri offers related support, installation, and training services for its products. The company serves the public and private sectors in technology, manufacturing, healthcare, insurance, and financial services.

Tintri was founded in 2008 and is headquartered in Mountain View, California.

Financial Highlights

According to the company’s S-1/A filing, Tintri has grown topline revenue but at a decreasing rate. As use of cash in operations has skyrocketed, the company maintains an uneven but generally increasing gross margin.

For FY ending the Q1 2018, Tintri reported total revenue of $30.4 million, a 33% increase from the prior year. For the fiscal year ending 2017, Tintri reported revenue of $125.1 million, a 45% increase from 2016, in which it brought in $86 million.

MD&A Overview