2022 Q4 Form 20-F Financial Statement
#000117891323000828 Filed on March 02, 2023
Income Statement
| Concept | 2022 Q4 | 2022 | 2021 Q4 |
|---|---|---|---|
| Revenue | $169.2M | $591.7M | $151.3M |
| YoY Change | 11.78% | 17.66% | 4.72% |
| Cost Of Revenue | $34.83M | $126.0M | $25.70M |
| YoY Change | 35.54% | 35.09% | 13.2% |
| Gross Profit | $134.3M | $465.7M | $125.6M |
| YoY Change | 6.92% | 13.68% | 3.14% |
| Gross Profit Margin | 79.41% | 78.7% | 83.02% |
| Selling, General & Admin | $112.9M | $427.8M | $96.55M |
| YoY Change | 16.95% | 23.95% | 26.71% |
| % of Gross Profit | 84.06% | 91.87% | 76.86% |
| Research & Development | $51.48M | $190.3M | $40.75M |
| YoY Change | 26.33% | 33.91% | 52.61% |
| % of Gross Profit | 38.32% | 40.87% | 32.44% |
| Depreciation & Amortization | $4.320M | $16.20M | $3.705M |
| YoY Change | 16.6% | 13.88% | -17.67% |
| % of Gross Profit | 3.22% | 3.48% | 2.95% |
| Operating Expenses | $164.4M | $618.1M | $137.5M |
| YoY Change | 19.58% | 26.68% | 33.47% |
| Operating Profit | -$30.07M | -$152.5M | -$11.85M |
| YoY Change | 153.77% | 94.61% | -163.03% |
| Interest Expense | $9.163M | $17.12M | -$3.245M |
| YoY Change | -382.37% | -231.75% | 20.19% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $15.43M | ||
| YoY Change | -218.78% | ||
| Pretax Income | -$20.91M | -$137.0M | -$15.09M |
| YoY Change | 38.51% | 50.03% | -193.75% |
| Income Tax | $1.298M | -$6.650M | $1.793M |
| % Of Pretax Income | |||
| Net Earnings | -$22.20M | -$130.4M | -$16.89M |
| YoY Change | 31.49% | 55.3% | -239.56% |
| Net Earnings / Revenue | -13.13% | -22.03% | -11.16% |
| Basic Earnings Per Share | -$3.21 | ||
| Diluted Earnings Per Share | -$0.67 | -$3.21 | -$422.3K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 41.03M shares | 40.58M shares | |
| Diluted Shares Outstanding | 40.58M shares |
Balance Sheet
| Concept | 2022 Q4 | 2022 | 2021 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $954.3M | $954.3M | $926.4M |
| YoY Change | 3.01% | 3.01% | -2.79% |
| Cash & Equivalents | $347.3M | $347.3M | $356.9M |
| Short-Term Investments | $606.9M | $606.9M | $569.6M |
| Other Short-Term Assets | $2.050M | $22.48M | $22.23M |
| YoY Change | -90.78% | 1.16% | 45.26% |
| Inventory | |||
| Prepaid Expenses | $15.17M | $15.57M | |
| Receivables | $120.8M | $120.8M | $113.2M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $1.098B | $1.098B | $1.062B |
| YoY Change | 3.36% | 3.36% | 0.04% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $23.47M | $61.33M | $20.18M |
| YoY Change | 16.31% | 78.59% | 9.1% |
| Goodwill | $153.2M | $123.7M | |
| YoY Change | 23.86% | 0.0% | |
| Intangibles | $27.51M | $17.87M | |
| YoY Change | 53.97% | ||
| Long-Term Investments | $227.7M | $227.7M | $300.7M |
| YoY Change | -24.25% | -24.25% | 48.7% |
| Other Assets | $217.0M | $252.0M | $168.9M |
| YoY Change | 28.49% | 62.84% | 27.19% |
| Total Long-Term Assets | $721.8M | $721.8M | $631.3M |
| YoY Change | 14.33% | 14.33% | 26.02% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.098B | $1.098B | $1.062B |
| Total Long-Term Assets | $721.8M | $721.8M | $631.3M |
| Total Assets | $1.819B | $1.819B | $1.693B |
| YoY Change | 7.45% | 7.45% | 8.37% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $13.64M | $13.64M | $10.08M |
| YoY Change | 35.39% | 35.39% | 21.4% |
| Accrued Expenses | $110.9M | $103.1M | $98.90M |
| YoY Change | 12.15% | 8.5% | 28.27% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $452.5M | $452.5M | $340.0M |
| YoY Change | 33.08% | 33.08% | 37.65% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $569.3M | $569.3M | $520.1M |
| YoY Change | 9.47% | 9.47% | 3.54% |
| Other Long-Term Liabilities | $38.92M | $119.4M | $106.6M |
| YoY Change | -63.49% | 12.05% | 0.85% |
| Total Long-Term Liabilities | $688.8M | $688.8M | $626.7M |
| YoY Change | 9.91% | 9.91% | 3.07% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $452.5M | $452.5M | $340.0M |
| Total Long-Term Liabilities | $688.8M | $688.8M | $626.7M |
| Total Liabilities | $1.141B | $1.141B | $966.7M |
| YoY Change | 18.06% | 18.06% | 13.05% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $33.31M | $137.1M | |
| YoY Change | -75.7% | ||
| Common Stock | $107.0K | $104.0K | |
| YoY Change | 2.88% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $678.1M | $678.1M | $726.5M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.819B | $1.819B | $1.693B |
| YoY Change | 7.45% | 7.45% | 8.37% |
Cashflow Statement
| Concept | 2022 Q4 | 2022 | 2021 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$22.20M | -$130.4M | -$16.89M |
| YoY Change | 31.49% | 55.3% | -239.56% |
| Depreciation, Depletion And Amortization | $4.320M | $16.20M | $3.705M |
| YoY Change | 16.6% | 13.88% | -17.67% |
| Cash From Operating Activities | $20.50M | $49.71M | $20.44M |
| YoY Change | 0.29% | -33.49% | -47.6% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $3.739M | $12.52M | -$1.741M |
| YoY Change | -314.76% | -240.2% | -24.3% |
| Acquisitions | $41.29M | ||
| YoY Change | |||
| Other Investing Activities | $3.492M | -$55.88M | -$94.60M |
| YoY Change | -103.69% | -74.52% | 89.58% |
| Cash From Investing Activities | -$247.0K | -$68.39M | -$96.34M |
| YoY Change | -99.74% | -70.03% | 84.91% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $2.130M | ||
| YoY Change | -53.7% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 563.0K | $12.23M | -3.157M |
| YoY Change | -117.83% | 11.65% | -152.62% |
| NET CHANGE | |||
| Cash From Operating Activities | 20.50M | $49.71M | 20.44M |
| Cash From Investing Activities | -247.0K | -$68.39M | -96.34M |
| Cash From Financing Activities | 563.0K | $12.23M | -3.157M |
| Net Change In Cash | 20.81M | -$6.459M | -79.06M |
| YoY Change | -126.33% | -95.47% | 1013.51% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $20.50M | $49.71M | $20.44M |
| Capital Expenditures | $3.739M | $12.52M | -$1.741M |
| Free Cash Flow | $16.76M | $37.19M | $22.18M |
| YoY Change | -24.44% | -55.55% | -46.3% |
Facts In Submission
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<div> <p style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:12pt;text-indent:60pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>ae.<span style="padding-left:14.06pt">Reclassification:</span></span></span></span></span></span></span></p> <p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:12pt;padding-left:85.5pt;text-indent:0px;margin-bottom:0pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Certain comparative figures have been reclassified to conform to the current year presentation. Also, beginning in the first quarter of 2021, the Company revised the presentation of its lines of revenue and cost of revenue. The Company believes that the revised categories for revenue and cost of revenue as presented on the income statement align with how management evaluates the business and the shift toward recurring revenues. The new revenue lines consist of (a) Subscription revenue, which represents SaaS and self-hosted subscription revenue including the license portion of self-hosted subscription revenue and the ratable maintenance component of self-hosted subscription revenue, (b) Perpetual license revenue and (c) Maintenance and professional services revenue, which represents the maintenance component related to perpetual license sales and professional services revenue.</span></span></span></span></span></span></p> </div> | |
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