QAD Inc. (QADA) financial statements (2022 and earlier)

Company profile

Business Address 100 INNOVATION PLACE
SANTA BARBARA, CA 93108
State of Incorp. DE
Fiscal Year End January 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

7/31/2021
Q2
4/30/2021
Q1
1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments136,489153,127142,501143,392140,707140,154136,717
Cash and cash equivalents136,489153,127142,501143,392140,707140,154136,717
Receivables49,04144,88784,39539,18742,27046,57283,105
Prepaid expense  5,228   6,140
Contract with customer, asset4,6593,7472,0143,9582,0401,9521,595
Capitalized contract cost  513   543
Deferred costs  8,052   8,096
Assets held-for-sale, not part of disposal group      1,634
Other current assets  909   846
Other undisclosed current assets20,32422,9414,42119,30318,86921,5383,961
Total current assets:210,513224,702248,033205,840203,886210,216242,637
Noncurrent Assets
Finance lease, right-of-use asset  327   175
Operating lease, right-of-use asset  20,689   18,154
Property, plant and equipment23,65324,50825,59826,69229,08528,24928,687
Intangible assets, net (including goodwill)38,95239,69327,69413,07613,14912,88813,373
Goodwill32,19832,50725,33612,34812,35112,05612,388
Intangible assets, net (excluding goodwill)6,7547,1862,358728798832985
Contract with customer, asset, net  10391155164214
Deferred income tax assets8,7638,5968,5267,3547,0955,8385,834
Other noncurrent assets18,52218,89614,29811,79911,88711,92813,007
Other undisclosed noncurrent assets22,22623,6565,51920,07420,73117,676723
Total noncurrent assets:112,116115,349102,75479,08682,10276,74380,167
TOTAL ASSETS:322,629340,051350,787284,926285,988286,959322,804
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,5447,68910,8988,2735,9966,3459,840
Accounts payable  5,733   6,155
Taxes payable  5,165   3,685
Other undisclosed accounts payable and accrued liabilities7,5447,689 8,2735,9966,345 
Deferred revenue110,394116,852125,72485,84295,049102,302118,413
Debt12,310533527521516510503
Other liabilities41,94834,48137,43132,71831,77626,11139,900
Other undisclosed current liabilities4,7634,9184,9043,8934,0594,1074,371
Total current liabilities:176,959164,473179,484131,247137,396139,375173,027
Noncurrent Liabilities
Long-term debt and lease obligation 11,69111,82511,95512,08412,21312,341
Long-term debt, excluding current maturities 11,69111,82511,95512,08412,21312,341
Liabilities, other than long-term debt16,09816,07812,5029,88610,09010,9426,991
Deferred revenue2,2221,824 2,3042,4242,846 
Other liabilities13,87614,25412,5027,5827,6668,0966,759
Derivative instruments and hedges, liabilities      232
Other undisclosed noncurrent liabilities13,07014,67217,51013,72214,21610,55814,380
Total noncurrent liabilities:29,16842,44141,83735,56336,39033,71333,712
Total liabilities:206,127206,914221,321166,810173,786173,088206,739
Stockholders' equity
Stockholders' equity attributable to parent, including:116,502133,137129,466118,116112,202113,871116,065
Treasury stock, value(2,834)(3,073)(3,073)(3,073)(3,073)(3,226)(3,226)
Additional paid in capital200,461209,084205,630201,832198,085200,126197,824
Accumulated other comprehensive loss(8,809)(8,349)(8,188)(8,988)(9,393)(11,000)(8,345)
Accumulated deficit(72,337)(64,546)(64,924)(71,676)(73,438)(72,050)(70,209)
Other undisclosed stockholders' equity attributable to parent21212121212121
Total stockholders' equity:116,502133,137129,466118,116112,202113,871116,065
TOTAL LIABILITIES AND EQUITY:322,629340,051350,787284,926285,988286,959322,804

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

7/31/2021
Q2
4/30/2021
Q1
1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
Revenues84,83982,97175,64576,66074,08174,14760,462
Cost of revenue
(Cost of Goods and Services Sold)
(34,289)(34,189)(18,689)(30,655)(30,823)(32,425)(21,045)
Gross profit:50,55048,78256,95646,00543,25841,72239,417
Operating expenses(56,306)(48,021)(38,219)(41,938)(40,945)(42,655)(51,114)
Operating income (loss):(5,756)76118,7374,0672,313(933)(11,697)
Nonoperating income (expense)401(305)(3,548)(228)(1,813)1,518(650)
Investment income, nonoperating6974(1,285)108213436869
Other nonoperating income (expense)508(238)(2,149)(194)(1,871)1,232(1,377)
Interest and debt expense(176)(141)(114)(142)(155)(150)(142)
Other undisclosed income from continuing operations before equity method investments, income taxes176141114142155150142
Income (loss) from continuing operations before income taxes:(5,355)45615,1893,839500585(12,347)
Income tax expense (benefit)(967)1,37612,235(626)(440)(995)(9,094)
Net income (loss) available to common stockholders, diluted:(6,322)1,83227,4243,21360(410)(21,441)

Comprehensive Income ($ in thousands)

7/31/2021
Q2
4/30/2021
Q1
1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
Net income (loss):(6,322)1,83227,4243,21360(410)(21,441)
Comprehensive income (loss):(6,322)1,83227,4243,21360(410)(21,441)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(460)(161)4354051,607(2,655)1,326
Comprehensive income (loss), net of tax, attributable to parent:(6,782)1,67127,8593,6181,667(3,065)(20,115)

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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