$EVER
EverQuote Inc

2019 Q1 Form 10-Q Financial Statement

#000119312519144341 Filed on May 10, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $52.23M $40.73M
YoY Change 28.24% 28.28%
Cost Of Revenue $3.666M $2.615M
YoY Change 40.19% 50.63%
Gross Profit $48.57M $38.12M
YoY Change 27.42% 26.98%
Gross Profit Margin 92.98% 93.58%
Selling, General & Admin $48.45M $36.74M
YoY Change 31.88% 24.95%
% of Gross Profit 99.75% 96.38%
Research & Development $4.685M $2.614M
YoY Change 79.23% 24.48%
% of Gross Profit 9.65% 6.86%
Depreciation & Amortization $480.0K $290.0K
YoY Change 65.52% -27.5%
% of Gross Profit 0.99% 0.76%
Operating Expenses $53.13M $39.35M
YoY Change 35.03% 24.53%
Operating Profit -$4.566M -$1.235M
YoY Change 269.72% -20.37%
Interest Expense $200.0K $93.00K
YoY Change 115.05% -193.0%
% of Operating Profit
Other Income/Expense, Net $184.0K -$93.00K
YoY Change -297.85%
Pretax Income -$4.400M -$1.300M
YoY Change 238.46% -18.75%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$4.382M -$1.328M
YoY Change 229.97% -17.92%
Net Earnings / Revenue -8.39% -3.26%
Basic Earnings Per Share
Diluted Earnings Per Share -$173.9K -$52.42K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.70M $2.600M
YoY Change 1350.0%
Cash & Equivalents $37.72M $2.829M
Short-Term Investments
Other Short-Term Assets $1.300M $900.0K
YoY Change 44.44%
Inventory
Prepaid Expenses
Receivables $25.86M $20.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $64.87M $23.60M
YoY Change 174.89%
LONG-TERM ASSETS
Property, Plant & Equipment $4.673M $2.500M
YoY Change 86.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $709.0K $2.100M
YoY Change -66.24%
Total Long-Term Assets $5.382M $4.600M
YoY Change 17.0%
TOTAL ASSETS
Total Short-Term Assets $64.87M $23.60M
Total Long-Term Assets $5.382M $4.600M
Total Assets $70.26M $28.20M
YoY Change 149.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.46M $14.80M
YoY Change 44.98%
Accrued Expenses $2.600M $4.800M
YoY Change -45.83%
Deferred Revenue $1.670M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $27.27M $21.20M
YoY Change 28.61%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $5.800M
YoY Change -100.0%
Other Long-Term Liabilities $1.200M $1.000M
YoY Change 20.0%
Total Long-Term Liabilities $1.200M $6.800M
YoY Change -82.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.27M $21.20M
Total Long-Term Liabilities $1.200M $6.800M
Total Liabilities $28.47M $28.00M
YoY Change 1.68%
SHAREHOLDERS EQUITY
Retained Earnings -$104.3M
YoY Change
Common Stock $146.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $41.79M -$61.75M
YoY Change
Total Liabilities & Shareholders Equity $70.26M $28.20M
YoY Change 149.13%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$4.382M -$1.328M
YoY Change 229.97% -17.92%
Depreciation, Depletion And Amortization $480.0K $290.0K
YoY Change 65.52% -27.5%
Cash From Operating Activities -$3.482M -$843.0K
YoY Change 313.05% 53.27%
INVESTING ACTIVITIES
Capital Expenditures -$670.0K -$650.0K
YoY Change 3.08% 66.67%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$667.0K -$654.0K
YoY Change 1.99% 67.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 234.0K 1.713M
YoY Change -86.34% -118.58%
NET CHANGE
Cash From Operating Activities -3.482M -843.0K
Cash From Investing Activities -667.0K -654.0K
Cash From Financing Activities 234.0K 1.713M
Net Change In Cash -3.915M 216.0K
YoY Change -1912.5% -102.13%
FREE CASH FLOW
Cash From Operating Activities -$3.482M -$843.0K
Capital Expenditures -$670.0K -$650.0K
Free Cash Flow -$2.812M -$193.0K
YoY Change 1356.99% 20.63%

Facts In Submission

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 5%"> <b><i>Concentrations of Credit Risk and of Significant Customers</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 5%"> Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents at two accredited financial institutions. The Company does not believe that it is subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 5%"> The Company sells its consumer referrals to insurance provider customers, consisting of carriers and agents, and indirect distributors in the United States. For the three months ended March&#xA0;31, 2019, two customers represented 19% and 11% of total revenue. For the three months ended March&#xA0;31, 2018, three customers represented 16%, 11% and 10% of total revenue. As of March&#xA0;31, 2019, two customers accounted for 17% and 15% of the accounts receivable balance. As of December&#xA0;31, 2018, two customers accounted for 12% and 11% of the accounts receivable balance.</p> </div>
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CY2019Q1 dei Entity Central Index Key
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EverQuote, Inc.
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt; TEXT-INDENT: 5%"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 5%"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Significant estimates and assumptions reflected in these financial statements include, but are not limited to, revenue recognition, the expensing and capitalization of website and software development costs, the valuation of stock-based awards and income taxes. The Company bases its estimates on historical experience, known trends and other market-specific or other relevant factors that it believes to be reasonable under the circumstances. On an ongoing basis, management evaluates its estimates, as there are changes in circumstances, facts and experience. Changes in estimates are recorded in periods in which they become known. Actual results may differ from those estimates or assumptions.</p> </div>
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Files In Submission

Name View Source Status
0001193125-19-144341-index-headers.html Edgar Link pending
0001193125-19-144341-index.html Edgar Link pending
0001193125-19-144341.txt Edgar Link pending
0001193125-19-144341-xbrl.zip Edgar Link pending
d732940d10q.htm Edgar Link pending
d732940dex101.htm Edgar Link pending
d732940dex311.htm Edgar Link pending
d732940dex312.htm Edgar Link pending
d732940dex321.htm Edgar Link pending
d732940dex322.htm Edgar Link pending
ever-20190331.xml Edgar Link completed
ever-20190331.xsd Edgar Link pending
ever-20190331_cal.xml Edgar Link unprocessable
ever-20190331_def.xml Edgar Link unprocessable
ever-20190331_lab.xml Edgar Link unprocessable
ever-20190331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending