2022 Q4 Form 10-Q Financial Statement

#000116965222000027 Filed on November 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $88.12M
YoY Change -9.18%
Cash & Equivalents $88.12M
Short-Term Investments
Other Short-Term Assets $14.82M
YoY Change -2.65%
Inventory
Prepaid Expenses
Receivables $25.68M
Other Receivables $0.00
Total Short-Term Assets $128.6M
YoY Change -6.45%
LONG-TERM ASSETS
Property, Plant & Equipment $9.212M
YoY Change 12.51%
Goodwill $28.21M
YoY Change -6.55%
Intangibles $2.292M
YoY Change -31.19%
Long-Term Investments
YoY Change
Other Assets $618.0K
YoY Change -25.18%
Total Long-Term Assets $92.52M
YoY Change 33.33%
TOTAL ASSETS
Total Short-Term Assets $128.6M
Total Long-Term Assets $92.52M
Total Assets $221.1M
YoY Change 6.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.057M
YoY Change 72.43%
Accrued Expenses $14.63M
YoY Change -16.93%
Deferred Revenue $28.73M
YoY Change 1.06%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $46.05M
YoY Change -12.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.069M
YoY Change -47.31%
Total Long-Term Liabilities $1.069M
YoY Change -47.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.05M
Total Long-Term Liabilities $1.069M
Total Liabilities $51.90M
YoY Change -7.4%
SHAREHOLDERS EQUITY
Retained Earnings -$106.9M
YoY Change -25.83%
Common Stock $282.7M
YoY Change -4.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $169.2M
YoY Change
Total Liabilities & Shareholders Equity $221.1M
YoY Change 6.89%

Cashflow Statement

Concept 2022 Q4 2022 Q3

Facts In Submission

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dei Document Fiscal Year Focus
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2022
dei Document Fiscal Period Focus
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Q3
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0001169652
dei Current Fiscal Year End Date
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--12-31
dei Document Type
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10-Q
dei Document Quarterly Report
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dei Document Period End Date
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2022-09-30
dei Document Transition Report
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dei Entity File Number
EntityFileNumber
001-35940
dei Entity Registrant Name
EntityRegistrantName
CHANNELADVISOR CORPORATION
dei Entity Incorporation State Country Code
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DE
dei Entity Tax Identification Number
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56-2257867
dei Entity Address Address Line1
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3025 Carrington Mill Boulevard
dei Entity Address City Or Town
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Morrisville
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dei Security12b Title
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ecom Accrued Tax Withholdingfor Sharebased Compensation
AccruedTaxWithholdingforSharebasedCompensation
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ecom Accrued Tax Withholdingfor Sharebased Compensation
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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<div style="margin-top:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</span></div><div style="margin-top:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On an ongoing basis, the Company evaluates its estimates, including those related to the accounts receivable allowance, the useful lives of long-lived assets and other intangible assets, income taxes, assumptions used for purposes of determining stock-based compensation, leases, including estimating lease terms and extensions, and revenue recognition, including standalone selling prices for contracts with multiple performance obligations and the expected period of benefit for deferred contract costs, among others. The Company bases its estimates on historical experience and on various other assumptions that it believes to be reasonable, the results of which form the basis for making judgments about the carrying value of assets and liabilities.</span></div>
CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2022Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Stockholders Equity
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3474000 usd
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AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022Q2 us-gaap Stock Repurchased And Retired During Period Value
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25000000 usd
CY2022Q2 us-gaap Net Income Loss
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1837000 usd
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CY2022Q2 us-gaap Stockholders Equity
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325000 usd
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3379000 usd
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1407000 usd
CY2022Q3 us-gaap Net Income Loss
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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StockIssuedDuringPeriodValueShareBasedCompensation
3587000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3048000 usd
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2061000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
5457000 usd
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2021Q1 us-gaap Stockholders Equity
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CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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136000 usd
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CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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1177000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
4560000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
88000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
515000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3115000 usd
CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2021Q3 us-gaap Stockholders Equity
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CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
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100000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
30042000 usd
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-1833000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
28209000 usd
ecom Contract With Customer Liability Including New Contract Revenue Recognized
ContractWithCustomerLiabilityIncludingNewContractRevenueRecognized
108395000 usd
CY2021Q3 us-gaap Capitalized Computer Software Additions
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CY2022Q3 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
900000 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
2800000 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
2600000 usd
CY2022Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
800000 usd
CY2021Q3 us-gaap Capitalized Computer Software Amortization1
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us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2400000 usd
us-gaap Capitalized Computer Software Amortization1
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2000000 usd
CY2022Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
5200000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
4800000 usd
ecom Revenue From Contract With Customer Payment Period
RevenueFromContractWithCustomerPaymentPeriod
P30D
ecom Revenue From Contract With Customer Contract Period
RevenueFromContractWithCustomerContractPeriod
P1Y
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43490000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
41575000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128589000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
122284000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
43100000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
23800000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
30868000 usd
ecom Contractwith Customer Liability Additions
ContractwithCustomerLiabilityAdditions
106861000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
29334000 usd
us-gaap Revenues
Revenues
128600000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
28500000 usd
CY2022Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
9300000 usd
CY2022Q3 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
26959000 usd
ecom Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
9979000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
9051000 usd
CY2022Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
27887000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-99000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
3529000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3379000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3115000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9985000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9739000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
906216 shares
us-gaap Net Income Loss
NetIncomeLoss
3562000 usd
us-gaap Net Income Loss
NetIncomeLoss
13546000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28815362 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29931173 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29674219 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29665439 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-99000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
3529000 usd
us-gaap Net Income Loss
NetIncomeLoss
3562000 usd
us-gaap Net Income Loss
NetIncomeLoss
13546000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28815362 shares
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1.051
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29931173 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29674219 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29665439 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29955554 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31474314 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30793498 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31295737 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.010
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.033
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43490000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
41575000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128589000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
122284000 usd

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