GTY Technology Holdings Inc. (GTYH) Financial Statements (2024 and earlier)

Company Profile

Business Address 800 BOYLSTON STREET
BOSTON, MA 02199
State of Incorp.
Fiscal Year End December 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)

3/31/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 13,32922,8008,374525611,220
Cash and cash equivalents 13,32922,8008,374525611,220
Receivables 12,6049,9949,184   
Prepaid expense    406721
Other undisclosed current assets 4,1912,5833,047   
Total current assets: 30,12435,37720,605926281,241
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 7221,355 
Operating lease, right-of-use asset 1,8762,6105,876
Property, plant and equipment 3,2083,8913,185   
Intangible assets, net (including goodwill) 355,336385,742402,423   
Goodwill 268,808284,635286,635   
Intangible assets, net (excluding goodwill) 86,528101,107115,788   
Restricted cash and investments    1556,818552,264
Other noncurrent assets 3,6783,4722,304   
Other undisclosed noncurrent assets    217,641  
Total noncurrent assets: 364,820397,070413,788217,642556,818552,264
TOTAL ASSETS: 394,944432,447434,393217,733557,446553,505
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 5,4836,3668,4435,124 69
Accounts payable    5,124 69
Other undisclosed accounts payable and accrued liabilities 5,4836,3668,443   
Deferred revenue 26,81622,30417,346
Debt 1401,8972,406   
Business combination, contingent consideration, liability 1374312,680   
Due to related parties    6014020
Other undisclosed current liabilities 581  1,40530 
Total current liabilities: 33,03331,31040,8756,58917089
Noncurrent Liabilities
Long-term debt and lease obligation 27,35729,7065,122   
Long-term debt, excluding current maturities 24,64126,632    
Finance lease, liability  147811
Liabilities, other than long-term debt 62,74961,62661,509   
Deferred revenue 1,9791,602 
Deferred income tax liabilities 17,73817,49420,276
Operating lease, liability 2,7162,9274,311
Business combination, contingent consideration, liability 43,03242,53041,233   
Other undisclosed noncurrent liabilities 4,868 1,2643,25019,32019,320
Total noncurrent liabilities: 94,97491,33267,8953,25019,32019,320
Total liabilities: 128,007122,642108,7709,83919,49019,409
Temporary equity, carrying amount    202,895532,956529,096
Equity
Equity, attributable to parent, including: 266,937309,805325,6235,0005,0005,000
Treasury stock, value (8,343)(5,633)(5,174)   
Additional paid in capital 401,507390,232369,756 1,0744,934
Accumulated other comprehensive income (loss) (44)6370   
Retained earnings (accumulated deficit) (176,547)(129,030)(85,015)4,9993,92464
Warrants and rights outstanding 27,09327,09327,093   
Other undisclosed equity, attributable to parent 23,27127,13718,593122
Total equity: 266,937309,805325,6235,0005,0005,000
TOTAL LIABILITIES AND EQUITY: 394,944432,447434,393217,733557,446553,505

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

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 60,45348,128    
Cost of revenue (22,372)(18,468)    
Gross profit: 38,08129,660    
Operating expenses (83,583)(72,378)(1,644)(6,957)(694) 
Operating loss: (45,502)(42,718)(1,644)(6,957)(694) 
Nonoperating income (expense) (7,477)(3,736) 8,7534,554 
Investment income, nonoperating    8,7534,554 
Interest and debt expense (69)(759)    
Income (loss) from continuing operations before equity method investments, income taxes: (53,048)(47,213)(1,644)1,7973,860 
Other undisclosed income from continuing operations before income taxes 69759    
Income (loss) from continuing operations before income taxes: (52,979)(46,454)(1,644)1,7973,860 
Income tax expense (benefit) (849)2,4398,595   
Income (loss) from continuing operations: (53,828)(44,015)6,9511,7973,860 
Income (loss) before gain (loss) on sale of properties:(53,828)(44,015)6,9511,7973,860 
Net income (loss): (53,828)(44,015)6,9511,7973,860 
Other undisclosed net loss attributable to parent   (102,608)   
Net income (loss) available to common stockholders, diluted: (53,828)(44,015)(95,657)1,7973,860 

Comprehensive Income ($ in thousands)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (53,828)(44,015)6,9511,7973,860 
Comprehensive income (loss): (53,828)(44,015)6,9511,7973,860 
Other undisclosed comprehensive loss, net of tax, attributable to parent (50)(364)    
Comprehensive income (loss), net of tax, attributable to parent: (53,878)(44,379)6,9511,7973,860 

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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