Covisint Corp (COVS) Financial Statements (2024 and earlier)

Company Profile

Business Address 26533 EVERGREEN RD., SUITE 500
SOUTHFIELD, MI 48076
State of Incorp. MI
Fiscal Year End March 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39,68150,07749,536
Cash and cash equivalents39,68150,07749,536
Receivables12,83615,34824,651
Prepaid expense2,1673,160 
Other current assets1,6034,2095,983
Deferred tax assets  161,017
Total current assets:56,28772,81081,187
Noncurrent Assets
Property, plant and equipment7,8478,8094,751
Intangible assets, net (including goodwill)36,87136,03148,425
Goodwill25,38525,38525,385
Intangible assets, net (excluding goodwill)11,48610,64623,040
Deferred costs5801,7366,188
Other noncurrent assets289928766
Deferred tax assets, net1711,528131
Total noncurrent assets:45,75849,03260,261
TOTAL ASSETS:102,045121,842141,448
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,50914,3333,893
Accounts payable5,0617,7033,893
Accrued liabilities3,4486,630 
Deferred revenue and credits15,95218,02916,606
Deferred tax liabilities  1,597 
Other undisclosed current liabilities   5,392
Total current liabilities:24,46133,95925,891
Noncurrent Liabilities
Liabilities, other than long-term debt6,2756,53613,891
Deferred revenue and credits3,5953,91411,223
Accounts payable and accrued liabilities2,3272,622 
Deferred tax liabilities, net353 2,668
Other undisclosed noncurrent liabilities   56
Total noncurrent liabilities:6,2756,53613,947
Total liabilities:30,73640,49539,838
Equity
Equity, attributable to parent71,30981,347101,610
Additional paid in capital161,997157,004140,569
Accumulated other comprehensive loss(161)(24)(12)
Accumulated deficit(90,527)(75,633)(38,947)
Total equity:71,30981,347101,610
TOTAL LIABILITIES AND EQUITY:102,045121,842141,448

Income Statement (P&L) ($ in thousands)

3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues76,02488,53497,135
Cost of revenue(34,953)(66,404)(56,374)
Gross profit:41,07122,13040,761
Operating expenses(55,753)(60,649)(76,334)
Operating loss:(14,682)(38,519)(35,573)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(23)  
Other undisclosed income from continuing operations before equity method investments, income taxes  69 
Loss from continuing operations before income taxes:(14,705)(38,450)(35,573)
Income tax expense(189)(112)(85)
Loss from continuing operations:(14,894)(38,562)(35,658)
Loss before gain (loss) on sale of properties:(14,894)(38,562)(35,658)
Net loss available to common stockholders, diluted:(14,894)(38,562)(35,658)

Comprehensive Income ($ in thousands)

3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net loss:(14,894)(38,562)(35,658)
Other comprehensive loss(137)(12)(9)
Comprehensive loss, net of tax, attributable to parent:(15,031)(38,574)(35,667)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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