0.43
0.00%
Close of 6 Nov 2026, in USD
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About Symbolic Logic
Its shares trade under the ticker EVOL. It has been listed since 12 May 1998. In the fiscal year to 31 December 2020, it reported revenue of $26.4m and net income of $643,000. At that date it held total assets of $19.1m and shareholders' equity of $9.7m.
Evolving Systems, Inc. provides real-time digital engagement solutions and services to the wireless, wireline and cable markets. The company is headquartered in Englewood, Colorado. The firm operates in two segments: license fees and services revenue, and customer support revenue. Its service activation solution, Tertio is used to activate voice, video and data services for wireless, wireline and cable network operators. Its Subscriber Identity Module (SIM) card activation solution, Dynamic SIM Allocation is used to allocate and assign resources to Mobile Network Operators devices that rely on SIM cards. Its Mobile Data Enablement solution provides a data consumption and policy management solution for wireless carriers and Mobile Virtual Network Operators that monitor the usage and consumption of data services. Its Total Number Management product is an automated database solution that enables operators to manage their telephone numbers, as well as other communication identifiers.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Information Technology
- Industry
- Software
- Listed since
- 12 May 1998
- Employees
- 261
- Website
- evolving.com ↗
Leadership
Pay as last reported
- Mr. Matthew SteckerChairman of the Board, since 2016$760,000
- Mr. Igor VolshteynChief Executive Officer, Director, since 2022
- Mr. Mark SzynkowskiSenior Vice President - Finance, Company Secretary$287,000
- Mr. David NicolIndependent Director$30,000
- Mr. Steven SingerIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Established Presence: Evolving Systems Inc has a strong presence in the market for providing innovative telecom solutions.
- Robust Technology: The company possesses advanced technology and expertise in the telecom industry, enabling them to offer reliable and efficient solutions to their clients.
- Diverse Client Base: Evolving Systems Inc serves a wide range of clients from various industries, which provides stability and potential for growth.
Weaknesses
- Heavy Dependence on Telecom Industry: The company's reliance on the telecom sector for its revenue exposes it to the risks associated with fluctuations in the industry.
- Limited Global Presence: Evolving Systems Inc primarily operates in certain regions, which limits its ability to tap into potential markets and diversify its revenue streams.
- Margin Pressures: Competitive market conditions and pricing pressure from competitors may lead to lower profit margins for the company.
Opportunities
- Increasing Demand for Telecom Solutions: The growing need for advanced telecom solutions presents an opportunity for Evolving Systems Inc to expand its client base and revenue.
- Potential for International Expansion: Exploring new markets and expanding operations globally could help the company reduce its dependence on specific regions and diversify its revenue streams.
- Technological Advancements: The rapid advancement of technology provides an opportunity for Evolving Systems Inc to offer innovative solutions and stay ahead of competitors.
Threats
- Intense Competition: The telecom industry is highly competitive, with numerous players vying for market share. Evolving Systems Inc faces the risk of losing clients to competitors.
- Economic Volatility: Fluctuations in the global economy and financial markets could adversely affect the company's business operations and customer spending on telecom solutions.
- Regulatory Constraints: Evolving Systems Inc is subject to various regulations in the countries it operates in, and any changes in these regulations could impact its ability to operate effectively.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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