Fusion Connect, Inc. (FSNN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
420 LEXINGTON AVENUE NEW YORK, NY 10170 |
| 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)
| 9/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,530 | 7,222 | 7,541 | 6,445 | 6,177 | 543 | |||
| Cash and cash equivalents | 2,530 | 7,222 | 7,541 | 6,445 | 6,177 | 543 | |||
| Restricted cash and investments | 27 | 27 | 165 | 1,164 | |||||
| Receivables | (700) | (427) | (309) | (254) | (381) | (514) | |||
| Prepaid expense | 2,182 | 1,401 | 1,923 | 980 | 2,769 | ✕ | |||
| Intangible current assets | 55 | 83 | 1,997 | ✕ | ✕ | ||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 309 | ||
| Other undisclosed current assets | 13,490 | 9,436 | 7,490 | 4,128 | 6,146 | 4,472 | |||
| Total current assets: | 17,585 | 17,742 | 16,809 | 14,460 | 14,710 | 4,810 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 12,857 | 13,479 | 11,193 | 2,407 | |||||
| Intangible assets, net (including goodwill) | 90,930 | 100,270 | 72,885 | 42,830 | 40,173 | 17,802 | |||
| Goodwill | 34,774 | 36,652 | 27,060 | 10,397 | 5,124 | 2,406 | |||
| Intangible assets, net (excluding goodwill) | 56,156 | 63,617 | 45,824 | 32,432 | 35,049 | 15,396 | |||
| Other undisclosed noncurrent assets | 687 | 735 | 2,003 | (10,500) | (8,319) | (358) | |||
| Total noncurrent assets: | 104,473 | 101,004 | 74,887 | 45,809 | 43,048 | 19,851 | |||
| Other undisclosed assets | 14,249 | 14,055 | 13,479 | 11,193 | 2,407 | ||||
| TOTAL ASSETS: | 122,058 | 132,995 | 105,752 | 73,747 | 68,951 | 27,068 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 25,089 | 19,723 | 13,129 | 10,472 | 11,162 | 10,579 | |||
| Interest and dividends payable | 7 | 481 | 32 | 33 | |||||
| Taxes payable | 4,256 | 3,265 | 2,738 | 1,462 | |||||
| Employee-related liabilities | 422 | 422 | 555 | 251 | 103 | ||||
| Accounts payable | 9,337 | 5,497 | 1,101 | 3,029 | |||||
| Accrued liabilities | 3,019 | 2,755 | 1,910 | 3,269 | 3,101 | ||||
| Other undisclosed accounts payable and accrued liabilities | 8,047 | 7,302 | 6,792 | 2,428 | 7,958 | 10,579 | |||
| Debt | 6,500 | 2,979 | 686 | 1,225 | 625 | 208 | |||
| Disposal group, including discontinued operation | 55 | 55 | |||||||
| Other liabilities | 228 | 622 | |||||||
| Deferred revenue and credits | ✕ | 730 | 407 | ||||||
| Due to related parties | 300 | ||||||||
| Other undisclosed current liabilities | 1,207 | 1,003 | 959 | (67) | 670 | 1,935 | |||
| Total current liabilities: | 33,024 | 24,327 | 15,074 | 12,359 | 12,919 | 12,778 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 25,000 | ||||||||
| Long-term debt, excluding current maturities | 25,000 | ||||||||
| Liabilities, other than long-term debt, including: | 2,023 | 1,239 | 1,286 | 3,840 | 132 | 266 | |||
| Due to related parties | 928 | 333 | 4,492 | ||||||
| Other liabilities | 222 | 891 | |||||||
| Derivative instruments and hedges, liabilities | 873 | 349 | 953 | 3,840 | 10,515 | 1,066 | |||
| Other undisclosed liabilities, other than long-term debt | (10,384) | (5,292) | |||||||
| Other undisclosed noncurrent liabilities | 88,266 | 97,276 | 49,938 | 44,260 | 48,950 | 20,136 | |||
| Total noncurrent liabilities: | 90,290 | 98,515 | 76,224 | 48,099 | 49,082 | 20,402 | |||
| Total liabilities: | 123,313 | 122,842 | 91,298 | 60,458 | 62,000 | 33,180 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (1,174) | 10,153 | 14,454 | 13,290 | 6,950 | (6,112) | |||
| Additional paid in capital | 195,865 | 192,233 | 184,859 | 175,519 | 163,648 | 146,760 | |||
| Accumulated deficit | (197,264) | (182,287) | (170,533) | (162,303) | (159,736) | (154,654) | |||
| Other undisclosed equity, attributable to parent | 225 | 207 | 128 | 74 | 3,039 | 1,783 | |||
| Equity, attributable to noncontrolling interest | (82) | ||||||||
| Total equity: | (1,256) | 10,153 | 14,454 | 13,290 | 6,950 | (6,112) | |||
| TOTAL LIABILITIES AND EQUITY: | 122,058 | 132,995 | 105,752 | 73,747 | 68,951 | 27,068 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 150,531 | 122,045 | 101,695 | 92,053 | 61,497 | 44,288 | ||
| Cost of revenue | (83,033) | (68,058) | (56,724) | (49,598) | (42,717) | (37,662) | ||
| Gross profit: | 67,497 | 53,987 | 44,970 | 42,454 | 18,779 | 6,625 | ||
| Operating expenses | (72,887) | (61,622) | (53,985) | (44,229) | (22,328) | (11,438) | ||
| Operating loss: | (5,389) | (7,635) | (9,015) | (1,775) | (3,549) | (4,813) | ||
| Nonoperating expense | (8,649) | (6,221) | (6,876) | (766) | (4,365) | (623) | ||
| Investment income, nonoperating | 470 | (800) | ||||||
| Other nonoperating income (expense) | (8,649) | (6,691) | (6,876) | (766) | (4,365) | 176 | ||
| Interest and debt expense | (100) | (100) | (105) | (200) | (3,744) | (623) | ||
| Loss from continuing operations before equity method investments, income taxes: | (14,138) | (13,956) | (15,995) | (2,741) | (11,657) | (6,060) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 100 | (370) | 105 | 200 | 6,627 | |||
| Loss from continuing operations before income taxes: | (14,038) | (14,326) | (15,890) | (2,541) | (5,030) | (6,060) | ||
| Income tax expense (benefit) | (62) | (2,572) | (7,661) | (26) | (52) | 1,148 | ||
| Other undisclosed income from continuing operations | 85 | |||||||
| Loss from continuing operations: | (14,015) | (16,898) | (23,551) | (2,567) | (5,082) | (4,912) | ||
| Loss before gain (loss) on sale of properties: | (14,015) | (16,898) | (23,551) | (2,567) | (5,082) | (4,870) | ||
| Income from discontinued operations | 41 | |||||||
| Net loss: | (14,015) | (16,898) | (23,551) | (2,567) | (5,082) | (4,870) | ||
| Net income attributable to noncontrolling interest | 85 | |||||||
| Other undisclosed net income (loss) attributable to parent | (170) | 5,145 | 15,321 | (337) | ||||
| Net loss attributable to parent: | (14,100) | (11,753) | (8,230) | (2,567) | (5,082) | (5,207) | ||
| Preferred stock dividends and other adjustments | (1,838) | (2,388) | (1,578) | (1,746) | (402) | 404 | ||
| Other undisclosed net income (loss) available to common stockholders, basic | 85 | (807) | ||||||
| Net loss available to common stockholders, basic: | (15,852) | (14,141) | (9,808) | (4,313) | (5,484) | (5,611) | ||
| Other undisclosed net income available to common stockholders, diluted | 11,022 | |||||||
| Net income (loss) available to common stockholders, diluted: | (15,852) | (14,141) | 1,214 | (4,313) | (5,484) | (5,611) | ||
Comprehensive Income ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (14,015) | (16,898) | (23,551) | (2,567) | (5,082) | (4,870) | ||
| Comprehensive loss: | (14,015) | (16,898) | (23,551) | (2,567) | (5,082) | (4,870) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 85 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (13,929) | (16,898) | (23,551) | (2,567) | (5,082) | (4,870) | ||
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.