Majesco (MJCO) financial statements (2022 and earlier)

Company profile

Business Address 412 MOUNT KEMBLE AVENUE
MORRISTOWN, NJ 07960
State of Incorp. CA
Fiscal Year End March 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51,41339,4379,15212,4646,154
Cash and cash equivalents35,24011,3299,15211,6355,520
Short-term investments16,17328,108 829634
Restricted cash and investments39435353257
Receivables42,27434,84929,10020,79029,882
Prepaid expense3,4712,2251,9511,9412,020
Derivative instruments and hedges, assets71132194  
Deferred tax assets  2,0181,847
Other undisclosed current assets3,72412,8157,3494,0204,175
Total current assets:100,99289,50147,79941,28644,335
Noncurrent Assets
Operating lease, right-of-use asset2,977
Property, plant and equipment2,1322,7872,7553,6593,462
Intangible assets, net (including goodwill)43,62647,08238,75140,92442,758
Goodwill34,09534,14532,21632,21632,275
Intangible assets, net (excluding goodwill)9,53112,9376,5358,70810,483
Derivative instruments and hedges23436   
Deferred income tax assets7,195
Other noncurrent assets1,74649050289480
Deferred tax assets, net7,6377,1713,8563,586
Other undisclosed noncurrent assets824107   
Total noncurrent assets:58,52358,53948,72748,72850,286
TOTAL ASSETS:159,515148,04096,52690,01494,621
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,1592,2202,35314,911 
Accounts payable4,1592,2202,353  
Other undisclosed accounts payable and accrued liabilities   14,911 
Deferred revenue20,553
Debt1,3994425,4722,8717,110
Derivative instruments and hedges, liabilities887136127 4
Deferred revenue and credits12,20110,98211,200
Other liabilities    16,701
Other undisclosed current liabilities21,88441,81421,9052,9233,655
Total current liabilities:48,88244,61242,05831,68738,670
Noncurrent Liabilities
Long-term debt and lease obligation1,679 8,36710,2886,920
Long-term debt, excluding current maturities68 8,36710,0006,800
Capital lease obligations  288120
Operating lease, liability1,611
Liabilities, other than long-term debt2,3421,1119282,1913,474
Other liabilities2,3421,0909282,1913,474
Derivative instruments and hedges, liabilities 21   
Other undisclosed noncurrent liabilities(1)3,039   
Total noncurrent liabilities:4,0204,1509,29512,47910,394
Total liabilities:52,90248,76251,35344,16649,064
Stockholders' equity
Stockholders' equity attributable to parent106,61398,04545,17345,84845,557
Common stock8786737373
Additional paid in capital126,643122,16375,02271,34369,505
Accumulated other comprehensive income (loss)(3,732)(412)361(286)339
Accumulated deficit(16,385)(23,792)(30,283)(25,282)(24,360)
Stockholders' equity attributable to noncontrolling interest 1,233   
Total stockholders' equity:106,61399,27845,17345,84845,557
TOTAL LIABILITIES AND EQUITY:159,515148,04096,52690,01494,621

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

3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues26483122,985121,768113,302
Revenue, net122,985  
Other operating income26483(7)93167
Cost of revenue(74,804)(71,373)(67,120)(63,461)(62,832)
Cost of goods and services sold(74,804)(71,373)(67,120)  
Other undisclosed gross profit146,181139,777   
Gross profit:71,64168,48755,86558,30750,470
Operating expenses(59,301)(58,881)(58,272)(58,546)(54,936)
Operating income (loss):12,3409,606(2,407)(239)(4,466)
Nonoperating income (expense)1,841441(74)26313
Investment income, nonoperating616104514124
Other nonoperating income (expense)1,22544174(15)289
Interest and debt expense(350)(450)(516)(612)(596)
Income (loss) from continuing operations before equity method investments, income taxes:13,8319,597(2,997)(825)(4,749)
Other undisclosed income from continuing operations before income taxes 93951  
Income (loss) from continuing operations before income taxes:13,83110,536(2,946)(825)(4,749)
Income tax expense (benefit)(4,151)(3,611)(2,055)(97)1,187
Net income (loss) available to common stockholders, diluted:9,6806,925(5,001)(922)(3,562)

Comprehensive Income ($ in thousands)

3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):9,6806,925(5,001)(922)(3,562)
Other comprehensive income (loss)(3,320)(772)647(625)(1,905)
Comprehensive income (loss), net of tax, attributable to parent:6,3606,153(4,354)(1,547)(5,467)

Statements sources

The financial statements are based on the company's filings with the 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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