The company has not filed an annual or quarterly report since its Q2 FY2022 10-Q, filed Sep 9, 2021. Its latest SEC filing is a CT ORDER from Feb 17, 2023.
10-Q for Q2 FY2022, filed Sep 9, 2021
The sections below describe the company as of the FY2021 annual report.
Sells cloud-hosted and installed manufacturing software for production, finance and supply chains to manufacturers in automotive, life sciences and consumer products.
10-K for FY2021, filed Apr 13, 2021
Customers pay for cloud software subscriptions and on-premises support over contract terms; subscriptions are billed in advance quarterly or annually, and maintenance renewals usually cover a year. They buy software licenses delivered electronically, while implementation and consulting work is billed at milestones or as hours are used.
10-K for FY2021, filed Apr 13, 2021Subscription revenue is recognized ratably over the initial subscription period committed to by the customer commencing when the cloud…View ↗
Transfer of control for software is considered to have occurred upon electronic delivery of the license key that provides immediate…View ↗
Revenue from support services and product updates provided to the Company’s on-premises customers, referred to as maintenance revenue, is…View ↗
Revenue from professional services is typically comprised of implementation, development, training or other consulting services. Consulting…View ↗
10-K for FY2021, filed Apr 13, 2021
FY2021 revenue by product or service ↗$307.9M
10-K for FY2021, filed Apr 13, 2021
$307.9M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subscription and Circulation
Recurring
10-K for FY2021, filed Apr 13, 2021 |
43%
FY2018: 23%
|
Subscription and Circulation, FY2021
$131.1M Sources
|
Recurring |
|
License
Sold outright
|
3.6%
FY2018: 8.5%
|
License, FY2021
$11.2M Sources
|
Sold outright |
|
Maintenance
Recurring
10-K for FY2021, filed Apr 13, 2021 |
35%
FY2018: 42%
|
Maintenance, FY2021
$107.1M Sources
|
Recurring |
|
Professional Services
|
19%
FY2018: 27%
|
Professional Services, FY2021
$58.5M Sources
|
Manufacturers buy through QAD’s direct sales force or through distributors; sales agents support sales, while QAD contracts directly with customers.
10-K for FY2021, filed Apr 13, 2021QAD sells its products and services through direct and indirect sales channels located throughout the regions of North America, Europe…View ↗
The Company markets its products and services worldwide, primarily to companies in the manufacturing industry, including automotive…View ↗
The Company executes arrangements through indirect sales channels via sales agents and distributors who are authorized to market its…View ↗
Yes. It kept 4 cents of every revenue dollar as net income in FY2021 and turned 10 cents into free cash flow.
10-K for FY2021, filed Apr 13, 2021
$12.7MView ↗
10-K for FY2021, filed Apr 13, 2021
$11.1MView ↗
10-K for FY2021, filed Apr 13, 2021
$30.9MView ↗
10-Q for Q2 FY2022, filed Sep 9, 2021
−$6.3MView ↗
10-Q for Q2 FY2022, filed Sep 9, 2021
Open tableView ↗
8-K, filed Nov 5, 2021
SAN FRANCISCO and SANTA BARBARA, Calif. – November 5, 2021 – Thoma Bravo, a leading software investment firm, and QAD Inc., a leading…View ↗
Grew. Revenue grew 11% in 4 years, from $278M in FY2017 to $307.9M in FY2021, about 3% a year.
A move toward cloud sales
The older report described cloud, on-premises and blended deployments; the latest report describes a move from perpetual licenses toward cloud subscriptions, with new-customer deals primarily in the cloud.
10-K for FY2018, filed Apr 16, 2018 10-K for FY2021, filed Apr 13, 2021QAD Enterprise Applications is available in the cloud, on-premise and in a blended model combining both of these deployment alternatives.…View ↗
We have transitioned our business model from selling perpetual licenses to providing access to our software on a subscription basis as part…View ↗
Competes with SAP, Oracle, and Infor
10-K for FY2021, filed Apr 13, 2021We compete with large, well-established enterprise application vendors, such as SAP, Oracle and Infor, among others, who hold significant…View ↗
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