2019 Q2 Form 10-Q Financial Statement
#000119312519216812 Filed on August 08, 2019
Income Statement
Concept | 2019 Q2 | 2018 Q2 |
---|---|---|
Revenue | $55.67M | $41.09M |
YoY Change | 35.47% | 36.9% |
Cost Of Revenue | $3.504M | $2.873M |
YoY Change | 21.96% | 52.49% |
Gross Profit | $52.16M | $38.22M |
YoY Change | 36.48% | 35.85% |
Gross Profit Margin | 93.71% | 93.01% |
Selling, General & Admin | $50.01M | $36.67M |
YoY Change | 36.38% | 32.78% |
% of Gross Profit | 95.86% | 95.93% |
Research & Development | $4.404M | $3.181M |
YoY Change | 38.45% | 51.48% |
% of Gross Profit | 8.44% | 8.32% |
Depreciation & Amortization | $530.0K | $320.0K |
YoY Change | 65.63% | -3.03% |
% of Gross Profit | 1.02% | 0.84% |
Operating Expenses | $54.41M | $39.85M |
YoY Change | 36.55% | 34.1% |
Operating Profit | -$2.246M | -$1.627M |
YoY Change | 38.05% | 2.97% |
Interest Expense | $200.0K | $103.0K |
YoY Change | 94.17% | 21.18% |
% of Operating Profit | ||
Other Income/Expense, Net | $272.0K | -$103.0K |
YoY Change | -364.08% | |
Pretax Income | -$2.000M | -$1.700M |
YoY Change | 17.65% | 0.0% |
Income Tax | $0.00 | |
% Of Pretax Income | ||
Net Earnings | -$1.974M | -$1.730M |
YoY Change | 14.1% | 3.9% |
Net Earnings / Revenue | -3.55% | -4.21% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$78.13K | -$68.55K |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q2 | 2018 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $37.10M | $2.400M |
YoY Change | 1445.83% | |
Cash & Equivalents | $37.12M | $2.632M |
Short-Term Investments | ||
Other Short-Term Assets | $1.400M | $2.000M |
YoY Change | -30.0% | |
Inventory | ||
Prepaid Expenses | ||
Receivables | $24.15M | $17.72M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $62.70M | $22.07M |
YoY Change | 184.05% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $5.040M | $3.028M |
YoY Change | 66.45% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $703.0K | $728.0K |
YoY Change | -3.43% | |
Total Long-Term Assets | $5.743M | $7.468M |
YoY Change | -23.1% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $62.70M | $22.07M |
Total Long-Term Assets | $5.743M | $7.468M |
Total Assets | $68.44M | $29.54M |
YoY Change | 131.68% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $18.36M | $17.99M |
YoY Change | 2.02% | |
Accrued Expenses | $2.300M | $2.300M |
YoY Change | 0.0% | |
Deferred Revenue | $1.761M | |
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $0.00 | |
YoY Change | ||
Total Short-Term Liabilities | $23.57M | $22.17M |
YoY Change | 6.3% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $6.983M |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $1.200M | $1.200M |
YoY Change | 0.0% | |
Total Long-Term Liabilities | $1.200M | $6.983M |
YoY Change | -82.82% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $23.57M | $22.17M |
Total Long-Term Liabilities | $1.200M | $6.983M |
Total Liabilities | $24.74M | $30.34M |
YoY Change | -18.44% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$106.2M | -$89.16M |
YoY Change | 19.17% | |
Common Stock | $149.9M | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $43.70M | -$89.15M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $68.44M | $29.54M |
YoY Change | 131.68% |
Cashflow Statement
Concept | 2019 Q2 | 2018 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.974M | -$1.730M |
YoY Change | 14.1% | 3.9% |
Depreciation, Depletion And Amortization | $530.0K | $320.0K |
YoY Change | 65.63% | -3.03% |
Cash From Operating Activities | -$360.0K | -$160.0K |
YoY Change | 125.0% | -91.35% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$880.0K | -$750.0K |
YoY Change | 17.33% | 188.46% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$880.0K | -$750.0K |
YoY Change | 17.33% | 188.46% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 650.0K | 700.0K |
YoY Change | -7.14% | -37.5% |
NET CHANGE | ||
Cash From Operating Activities | -360.0K | -160.0K |
Cash From Investing Activities | -880.0K | -750.0K |
Cash From Financing Activities | 650.0K | 700.0K |
Net Change In Cash | -590.0K | -210.0K |
YoY Change | 180.95% | -78.79% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$360.0K | -$160.0K |
Capital Expenditures | -$880.0K | -$750.0K |
Free Cash Flow | $520.0K | $590.0K |
YoY Change | -11.86% | -137.11% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
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CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
41634000 | |
CY2019Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
24147000 | |
CY2018Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
17460000 | |
CY2019Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1429000 | |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
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|
1456000 | |
CY2019Q2 | us-gaap |
Assets Current
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|
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CY2018Q4 | us-gaap |
Assets Current
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|
60550000 | |
CY2019Q2 | us-gaap |
Property Plant And Equipment Net
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|
5040000 | |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
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|
4481000 | |
CY2019Q2 | us-gaap |
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Assets
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Assets
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Accounts Payable Current
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Accounts Payable Current
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Contract With Customer Liability Current
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Contract With Customer Liability Current
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|
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Liabilities Current
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21365000 | |
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Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
1175000 | |
CY2018Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
1197000 | |
CY2019Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4404000 | |
CY2018Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3181000 | |
CY2019Q2 | us-gaap |
Liabilities
Liabilities
|
24743000 | |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
22562000 | |
CY2019Q2 | us-gaap |
Additional Paid In Capital Common Stock
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|
149921000 | |
CY2018Q4 | us-gaap |
Additional Paid In Capital Common Stock
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|
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CY2019Q2 | us-gaap |
Retained Earnings Accumulated Deficit
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|
-106248000 | |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-99892000 | |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43699000 | |
CY2019Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
68442000 | |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
65746000 | |
CY2019Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2019Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2018Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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0.001 | |
CY2018Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
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CY2019Q2 | us-gaap |
Preferred Stock Shares Issued
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Preferred Stock Shares Issued
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Preferred Stock Shares Outstanding
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Preferred Stock Shares Outstanding
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Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
55667000 | |
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Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
41092000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
107900000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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81822000 | ||
CY2019Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
3504000 | |
CY2018Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
2873000 | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
7170000 | ||
us-gaap |
Cost Of Revenue
CostOfRevenue
|
5488000 | ||
CY2019Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
45524000 | |
CY2018Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
34932000 | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
90146000 | ||
us-gaap |
Selling And Marketing Expense
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|
69955000 | ||
us-gaap |
Research And Development Expense
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|
9089000 | ||
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Research And Development Expense
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|
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CY2019Q2 | us-gaap |
General And Administrative Expense
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|
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General And Administrative Expense
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|
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General And Administrative Expense
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|
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General And Administrative Expense
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|
3446000 | ||
CY2019Q2 | us-gaap |
Costs And Expenses
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|
57913000 | |
CY2018Q2 | us-gaap |
Costs And Expenses
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|
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us-gaap |
Costs And Expenses
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|
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|
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Operating Income Loss
OperatingIncomeLoss
|
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Operating Income Loss
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|
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us-gaap |
Operating Income Loss
OperatingIncomeLoss
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us-gaap |
Operating Income Loss
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CY2019Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
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CY2018Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
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-103000 | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
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368000 | ||
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
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-196000 | ||
CY2019Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
272000 | |
CY2018Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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us-gaap |
Net Income Loss
NetIncomeLoss
|
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us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
321000 | ||
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
166000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
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|
-3842000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-999000 | ||
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1552000 | ||
CY2019Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
88000 | |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
88000 | ||
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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CY2019Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
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|
234000 | |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2750000 | |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4382000 | |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
41786000 | |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
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|
649000 | |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3238000 | |
us-gaap |
Profit Loss
ProfitLoss
|
-6356000 | ||
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Profit Loss
ProfitLoss
|
-3058000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1005000 | ||
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Depreciation And Amortization
DepreciationAndAmortization
|
612000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5988000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1290000 | ||
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
14000 | ||
ever |
Deferred Rent Adjustment
DeferredRentAdjustment
|
22000 | ||
ever |
Deferred Rent Adjustment
DeferredRentAdjustment
|
-325000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
7109000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3025000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-27000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1379000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1529000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3193000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
353000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
863000 | ||
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1395000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1552000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1395000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
883000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
577000 | ||
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
22729000 | ||
us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
17746000 | ||
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
2625000 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
522000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
883000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2413000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-4511000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
19000 | ||
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
41884000 | |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2613000 | |
CY2019Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
37373000 | |
CY2018Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2632000 | |
ever |
Deferred Offering Costs Incurred During Noncash Or Partial Noncash Transaction
DeferredOfferingCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
3190000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
104000 | ||
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13800000 | |
CY2019Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1138000 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-size:10pt; color:#000000; font-family:'times new roman'; font-style:normal; font-variant-ligatures:normal; font-variant-caps:normal; font-weight:400; letter-spacing:normal; orphans:2; text-align:start; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin-top:0pt; margin-bottom:0pt; margin-left:150.953px"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Use of Estimates</div></div></div></div><div style="font-size:10pt; color:#000000; font-family:'times new roman'; font-style:normal; font-variant-ligatures:normal; font-variant-caps:normal; font-weight:400; letter-spacing:normal; orphans:2; text-align:start; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin-top:6pt; margin-bottom:0pt; text-indent:8%"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-size:10pt; color:#000000; font-family:'times new roman'; font-style:normal; font-variant-ligatures:normal; font-variant-caps:normal; font-weight:400; letter-spacing:normal; orphans:2; text-align:start; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin-top:18pt; margin-bottom:0pt; margin-left:150.953px"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Concentrations of Credit Risk and of Significant Customers</div></div></div></div><div style="font-size:10pt; color:#000000; font-family:'times new roman'; font-style:normal; font-variant-ligatures:normal; font-variant-caps:normal; font-weight:400; letter-spacing:normal; orphans:2; text-align:start; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin-top:6pt; margin-bottom:0pt; text-indent:8%"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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.</div></div><div style="font-size:10pt; color:#000000; font-family:'times new roman'; font-style:normal; font-variant-ligatures:normal; font-variant-caps:normal; font-weight:400; letter-spacing:normal; orphans:2; text-align:start; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin-top:12pt; margin-bottom:0pt; text-indent:8%"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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 June 30, 2019, two customers represented 20% and 13% of total revenue. For the six months ended June 30, 2019, two customers represented 20% and 12% of total revenue. For the three months ended June 30, 2018, two customers represented 22% and 10% of total revenue. For the six months ended June 30, 2018, three customers represented 19%, 10% and 10% of total revenue. As of June 30, 2019, two customers accounted for 16% and 11% of the accounts receivable balance. As of December 31, 2018, two customers accounted for 12% and 11% of the accounts receivable balance.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2019Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1800000 | |
CY2018Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1400000 | |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
1100000 | ||
CY2019Q2 | us-gaap |
Advertising Expense
AdvertisingExpense
|
39000000 | |
CY2018Q2 | us-gaap |
Advertising Expense
AdvertisingExpense
|
28900000 | |
us-gaap |
Advertising Expense
AdvertisingExpense
|
77300000 | ||
us-gaap |
Advertising Expense
AdvertisingExpense
|
58500000 | ||
CY2019Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1599000 | |
CY2018Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1369000 | |
CY2019Q2 | us-gaap |
Accrued Advertising Current
AccruedAdvertisingCurrent
|
715000 | |
CY2018Q4 | us-gaap |
Accrued Advertising Current
AccruedAdvertisingCurrent
|
919000 | |
CY2018Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
811000 | |
CY2019Q2 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
3452000 | |
CY2018Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
400000 | |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1974000 | |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1730000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3058000 | ||
CY2018Q2 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
26402000 | |
us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
37415000 | ||
CY2018Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
3099000 | |
CY2018Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2019Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3238000 | |
CY2018Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
723000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5988000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1290000 | ||
CY2019Q2 | us-gaap |
Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
1221000 | |
CY2019Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
2573000 | |
CY2019Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
2659000 | |
CY2019Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
2502000 | |
CY2019Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
2534000 | |
CY2019Q2 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
1922000 | |
CY2019Q2 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
13411000 | |
CY2019Q2 | us-gaap |
Deferred Rent Credit
DeferredRentCredit
|
1200000 | |
CY2018Q4 | us-gaap |
Deferred Rent Credit
DeferredRentCredit
|
1200000 | |
CY2019Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
700000 | |
CY2018Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
500000 | |
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
1200000 | ||
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
1000000 | ||
CY2019Q2 | us-gaap |
Security Deposit
SecurityDeposit
|
400000 | |
CY2019Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1974000 | |
CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-28132000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-6356000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-40473000 | ||
CY2019Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
25578579 | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
9084880 | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
25436889 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
8897088 | ||
CY2019Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.08 | |
CY2018Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-3.10 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.25 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-4.55 | ||
CY2018Q2 | ever |
Cash Payment To Related Party
CashPaymentToRelatedParty
|
2400000 | |
CY2019Q2 | us-gaap |
Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
|
800000 | |
CY2018Q4 | us-gaap |
Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
|
1000000 | |
dei |
Trading Symbol
TradingSymbol
|
EVER | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
MA | ||
CY2019Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | |
CY2018Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | |
CY2019Q1 | us-gaap |
Capitalized Contract Cost Gross
CapitalizedContractCostGross
|
0 | |
CY2019Q2 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
100000 | |
CY2019Q2 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
1100000 | |
CY2018Q2 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
2100000 | |
CY2019Q2 | ever |
Cash Payment To Related Party
CashPaymentToRelatedParty
|
1500000 | |
us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
200000 | ||
CY2018Q2 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
100000 | |
us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
200000 | ||
CY2019Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2018Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2019Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2018Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
2600000 | ||
us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
4400000 | ||
ever |
Cash Payment To Related Party
CashPaymentToRelatedParty
|
2900000 | ||
ever |
Cash Payment To Related Party
CashPaymentToRelatedParty
|
5000000 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2019-06-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2019 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
EverQuote, Inc. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001640428 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | ||
dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | ||
dei |
Security12b Title
Security12bTitle
|
Class A Common Stock | ||
CY2019Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
400000 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6356259 | ||
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-50544000 | |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
568000 | |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
567000 | |
CY2018Q1 | us-gaap |
Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
|
11013000 | |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1328000 | |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-61750000 | |
CY2018Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
9000 | |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
723000 | |
CY2018Q2 | us-gaap |
Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
|
26402000 | |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-89150000 | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
422000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
18807392 |