Falconstor Software Inc (FALC) Financial Statements (2024 and earlier)

Company Profile

Business Address 125 BAYLIS ROAD
MELVILLE, NY 11747
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0113,1811,9211,4753,0601,011
Cash and cash equivalents2,0113,1811,9211,4753,0601,011
Receivables2,2792,8552,8373,4073,6054,168
Inventory, net of allowances, customer advances and progress billings  8153015 
Inventory  8153015 
Contract with customer, asset, after allowance for credit loss182210254750 
Other undisclosed current assets8971,0751,8382,2522,5471,244
Total current assets:5,3697,3296,8657,9149,2276,424
Noncurrent Assets
Operating lease, right-of-use asset341125361,842
Property, plant and equipment86154197369434636
Intangible assets, net (including goodwill)4,1704,2024,2504,2084,2424,292
Goodwill4,1504,1504,1504,1504,1504,150
Intangible assets, net (excluding goodwill)20511005891142
Contract with customer, asset, after allowance for credit loss358693344328 
Deferred costs3,0152,9802,9502,9502,9502,917
Deferred income tax assets  30331 
Other noncurrent assets99106864829920993
Other undisclosed noncurrent assets(2,962)(2,937)(2,931)(2,664)(1,800)(2,047)
Total noncurrent assets:4,8015,3406,5417,8636,7466,791
TOTAL ASSETS:10,17012,66913,40615,77615,97313,215
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8151,3962,7483,8363,4315,469
Accounts payable3872974541,3025511,093
Accrued liabilities1,4281,0992,2942,5342,8794,376
Deferred revenue3,6854,5574,6035,270
Debt177 3,3212,603 370
Deferred revenue and credits6,86011,760
Other undisclosed current liabilities3477665   
Total current liabilities:5,7126,03111,33711,70910,29017,600
Noncurrent Liabilities
Long-term debt and lease obligation2,1632,1907543,5313,125 
Long-term debt, excluding current maturities2,1632,1547542,9063,125 
Liabilities, other than long-term debt2,7753,0302,9832,8304,3547,840
Deferred revenue and credits2,5076,600
Deferred revenue1,2811,5791,7662,085
Deferred tax liabilities, net29886
Deferred income tax liabilities538500513 
Other liabilities9569517047451,5501,155
Operating lease, liability  35 625
Other undisclosed noncurrent liabilities    433  
Total noncurrent liabilities:4,9385,2203,7376,7947,4797,840
Total liabilities:10,65011,25015,07418,50317,77025,440
Commitments and contingencies   (406)(958)(1,348) 
Temporary equity, carrying amount15,92814,38413,34712,26311,1059,000
Equity
Equity, attributable to parent(16,407)(12,966)(14,608)(14,031)(11,554)(21,225)
Common stock776658760
Treasury stock, value      (57,033)
Additional paid in capital110,845112,350110,107111,728112,662168,637
Accumulated other comprehensive loss(1,752)(1,860)(1,988)(1,893)(1,895)(1,959)
Accumulated deficit(125,507)(123,463)(122,733)(123,872)(122,908)(130,930)
Total equity:(16,407)(12,966)(14,608)(14,031)(11,554)(21,225)
TOTAL LIABILITIES AND EQUITY:10,17012,66913,40615,77615,97313,215

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

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10,05214,18014,76916,54417,83825,161
Revenue, net17,83825,161
Cost of revenue
(Cost of Goods and Services Sold)
(1,565)(1,952)(1,827)(2,913)(2,978)(5,541)
Gross profit:8,48712,22812,94113,63114,86019,620
Operating expenses(9,745)(11,594)(11,124)(14,286)(14,907)(18,598)
Operating income (loss):(1,258)6341,817(655)(47)1,022
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(331)(658)(693)(605)(626)38
Interest and debt expense  754    
Income (loss) from continuing operations before income taxes:(1,588)7301,124(1,260)(673)1,060
Income tax expense (benefit)(210)(527)14(492)(233)(8)
Income (loss) from continuing operations:(1,799)2031,139(1,752)(907)1,052
Income (loss) before gain (loss) on sale of properties:2031,139(1,752)(907)1,052
Net income (loss) attributable to parent:(1,799)2031,139(1,752)(907)1,052
Preferred stock dividends and other adjustments(1,544)(1,444)(1,636)(1,548)(3,559)(873)
Other undisclosed net income available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:(3,343)(1,240)(498)(3,300)(4,466)179

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,799)2031,139(1,752)(907)1,052
Other comprehensive income  128    
Other undisclosed comprehensive income (loss)   (95)264(121)
Comprehensive income (loss):(1,799)3311,044(1,750)(843)931
Other undisclosed comprehensive income (loss), net of tax, attributable to parent108 (1,139)1,752907(1,052)
Comprehensive income (loss), net of tax, attributable to parent:(1,691)331(95)264(121)

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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