$KLDI
KLDiscovery Inc.

2019 Q3 Form 10-Q Financial Statement

#000119312519292462 Filed on November 14, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q4 2018 Q3
Revenue $78.17M $0.00
YoY Change
Cost Of Revenue $42.02M
YoY Change
Gross Profit $36.15M
YoY Change
Gross Profit Margin 46.25%
Selling, General & Admin $24.27M
YoY Change
% of Gross Profit 67.12%
Research & Development $1.533M
YoY Change
% of Gross Profit 4.24%
Depreciation & Amortization $4.500M
YoY Change
% of Gross Profit 12.45%
Operating Expenses $274.7K $0.00 $993.00
YoY Change 27563.14%
Operating Profit -$274.7K -$993.00
YoY Change 27563.14%
Interest Expense -$12.03M
YoY Change
% of Operating Profit
Other Income/Expense, Net $9.000K
YoY Change
Pretax Income $851.4K $0.00 -$993.00
YoY Change -85839.58%
Income Tax $196.9K
% Of Pretax Income 23.13%
Net Earnings $654.5K $0.00 -$993.00
YoY Change -66011.18%
Net Earnings / Revenue 0.84%
Basic Earnings Per Share
Diluted Earnings Per Share -$265.0K $0.00
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $500.0K $0.00 $100.0K
YoY Change 400.0%
Cash & Equivalents $5.610M $23.44M
Short-Term Investments
Other Short-Term Assets $100.0K $100.0K $100.0K
YoY Change 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $596.0K $19.17K $200.0K
YoY Change 198.01%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $394.2M
YoY Change -0.23%
Intangibles
YoY Change
Long-Term Investments $233.3M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $233.3M $133.2K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $596.0K $19.17K $200.0K
Total Long-Term Assets $233.3M $133.2K $0.00
Total Assets $233.9M $152.3K $200.0K
YoY Change 116837.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $300.0K $0.00 $0.00
YoY Change
Accrued Expenses $0.00 $24.44M $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $100.0K $100.0K
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $861.2K $57.65M $100.0K
YoY Change 761.16%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $413.1M $0.00
YoY Change
Other Long-Term Liabilities $8.100M
YoY Change
Total Long-Term Liabilities $8.100M $413.1M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $861.2K $57.65M $100.0K
Total Long-Term Liabilities $8.100M $413.1M $0.00
Total Liabilities $8.911M $128.5K $100.0K
YoY Change 8811.16%
SHAREHOLDERS EQUITY
Retained Earnings $1.706M -$1.127K
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.406M
YoY Change
Treasury Stock Shares
Shareholders Equity $194.0M $229.0M $24.01K
YoY Change
Total Liabilities & Shareholders Equity $233.9M $152.3K $200.0K
YoY Change 116837.9%

Cashflow Statement

Concept 2019 Q3 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $654.5K $0.00 -$993.00
YoY Change -66011.18%
Depreciation, Depletion And Amortization $4.500M
YoY Change
Cash From Operating Activities -$78.00K $0.00 -$24.00
YoY Change 324900.0%
INVESTING ACTIVITIES
Capital Expenditures -$4.148M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$650.0K
YoY Change
Cash From Investing Activities -$4.798M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.018M -60.00K 82.50K
YoY Change 7194.55%
NET CHANGE
Cash From Operating Activities -78.00K 0.000 -24.00
Cash From Investing Activities -4.798M
Cash From Financing Activities 6.018M -60.00K 82.50K
Net Change In Cash 1.142M -60.00K 82.48K
YoY Change 1284.65%
FREE CASH FLOW
Cash From Operating Activities -$78.00K $0.00 -$24.00
Capital Expenditures -$4.148M
Free Cash Flow $4.070M
YoY Change

Facts In Submission

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CY2019Q1 pvt Adjustments To Additional Paid In Capital Common Stock Value Issued Subject To Possible Redemption
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CY2019Q1 us-gaap Net Income Loss
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CY2018Q3 us-gaap Shares Outstanding
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<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Use of estimates </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from the Company&#8217;s estimates. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
Pivotal Acquisition Corp
dei Entity Central Index Key
EntityCentralIndexKey
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dei Current Fiscal Year End Date
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us-gaap Payments To Acquire Investments
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pvt Number Of Warrants Sold
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dei Document Type
DocumentType
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dei Amendment Flag
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dei Document Period End Date
DocumentPeriodEndDate
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dei Entity Filer Category
EntityFilerCategory
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dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
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dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Small Business
EntitySmallBusiness
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dei Entity Interactive Data Current
EntityInteractiveDataCurrent
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dei Entity Current Reporting Status
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dei Entity Shell Company
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dei Entity Address State Or Province
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NY
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dei Entity Incorporation Date Of Incorporation
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pvt Entity Incorporation State Name
EntityIncorporationStateName
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CY2019Q2 us-gaap Business Combination Contingent Consideration Arrangements Description
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In connection with the Merger Agreement, the stockholders of LD will receive an aggregate of 34,800,000 shares of the Company&#8217;s common stock. The stockholders of LD will also have the right to receive up to 2,200,000 shares of the Company&#8217;s common stock if the reported closing sale price of the Company&#8217;s common stock exceeds $13.50 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations or other similar actions) for any 20 consecutive trading days during the five-year period following the closing of the Transactions.
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Files In Submission

Name View Source Status
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