$VRNS
VARONIS SYSTEMS INC

2021 Q2 Form 10-Q Financial Statement

#000162828021015349 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $88.42M $66.57M
YoY Change 32.83% 11.65%
Cost Of Revenue $14.20M $10.34M
YoY Change 37.41% 23.07%
Gross Profit $74.22M $56.23M
YoY Change 31.99% 9.77%
Gross Profit Margin 83.94% 84.47%
Selling, General & Admin $69.12M $54.26M
YoY Change 27.38% -2.25%
% of Gross Profit 93.13% 96.49%
Research & Development $33.33M $24.07M
YoY Change 38.5% 22.03%
% of Gross Profit 44.91% 42.8%
Depreciation & Amortization $3.106M $2.110M
YoY Change 47.2% 42.57%
% of Gross Profit 4.19% 3.75%
Operating Expenses $102.4M $78.32M
YoY Change 30.8% 4.11%
Operating Profit -$28.23M -$22.09M
YoY Change 27.78% -7.96%
Interest Expense -$3.802M -$1.850M
YoY Change 105.51% -2742.86%
% of Operating Profit
Other Income/Expense, Net -$3.802M -$1.845M
YoY Change 106.07% -2938.46%
Pretax Income -$32.03M -$23.94M
YoY Change 33.81% -0.01%
Income Tax $915.0K $384.0K
% Of Pretax Income
Net Earnings -$32.95M -$24.32M
YoY Change 35.46% -0.67%
Net Earnings / Revenue -37.26% -36.54%
Basic Earnings Per Share -$0.31 -$0.26
Diluted Earnings Per Share -$0.31 -$0.26
COMMON SHARES
Basic Shares Outstanding 106.4M shares 94.48M shares
Diluted Shares Outstanding 106.4M shares 94.48M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $813.7M $326.1M
YoY Change 149.51% 210.56%
Cash & Equivalents $781.4M $240.0M
Short-Term Investments $32.31M $86.10M
Other Short-Term Assets $23.14M $15.60M
YoY Change 48.35% 2.63%
Inventory
Prepaid Expenses
Receivables $60.15M $48.77M
Other Receivables $0.00 $0.00
Total Short-Term Assets $897.0M $390.4M
YoY Change 129.74% 88.49%
LONG-TERM ASSETS
Property, Plant & Equipment $34.62M $36.57M
YoY Change -5.32% 50.16%
Goodwill $23.14M
YoY Change
Intangibles $5.078M
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.99M $20.01M
YoY Change -0.09% 52.16%
Total Long-Term Assets $135.4M $107.9M
YoY Change 25.5% 11.33%
TOTAL ASSETS
Total Short-Term Assets $897.0M $390.4M
Total Long-Term Assets $135.4M $107.9M
Total Assets $1.032B $498.3M
YoY Change 107.17% 63.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.167M $678.0K
YoY Change 367.11% -70.51%
Accrued Expenses $91.97M $65.10M
YoY Change 41.28% 21.0%
Deferred Revenue $86.42M $79.13M
YoY Change 9.22% 0.06%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $181.6M $144.9M
YoY Change 25.3% 7.2%
LONG-TERM LIABILITIES
Long-Term Debt $221.9M $215.1M
YoY Change 3.14%
Other Long-Term Liabilities $3.756M $2.490M
YoY Change 50.84% -7.57%
Total Long-Term Liabilities $280.4M $274.9M
YoY Change 2.01% 300.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $181.6M $144.9M
Total Long-Term Liabilities $280.4M $274.9M
Total Liabilities $461.9M $419.8M
YoY Change 10.05% 105.94%
SHAREHOLDERS EQUITY
Retained Earnings -$379.3M -$272.5M
YoY Change 39.22% 47.21%
Common Stock $107.0K $32.00K
YoY Change 234.38% 6.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $570.4M $78.53M
YoY Change
Total Liabilities & Shareholders Equity $1.032B $498.3M
YoY Change 107.17% 63.9%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$32.95M -$24.32M
YoY Change 35.46% -0.67%
Depreciation, Depletion And Amortization $3.106M $2.110M
YoY Change 47.2% 42.57%
Cash From Operating Activities -$9.235M -$14.67M
YoY Change -37.05% 32.04%
INVESTING ACTIVITIES
Capital Expenditures -$1.026M -$1.830M
YoY Change -43.93% -61.72%
Acquisitions
YoY Change
Other Investing Activities $38.05M -$37.50M
YoY Change -201.46% -270.22%
Cash From Investing Activities $37.02M -$39.33M
YoY Change -194.13% -327.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.00K 216.5M
YoY Change -100.01% -14824.49%
NET CHANGE
Cash From Operating Activities -9.235M -14.67M
Cash From Investing Activities 37.02M -39.33M
Cash From Financing Activities -31.00K 216.5M
Net Change In Cash 27.75M 162.5M
YoY Change -82.91% 3363.75%
FREE CASH FLOW
Cash From Operating Activities -$9.235M -$14.67M
Capital Expenditures -$1.026M -$1.830M
Free Cash Flow -$8.209M -$12.84M
YoY Change -36.07% 102.84%

Facts In Submission

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