Speed Commerce Inc (SPDC) financial statements (2022 and earlier)

Company profile

Business Address 1303 E. ARAPAHO ROAD, SUITE 200
State of Incorp. MN
Fiscal Year End March 31
SIC 5045 - Computers and Computer Peripheral Equipment and Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments6,3811391
Cash and cash equivalents6,3811391
Inventory, net of allowances, customer advances and progress billings1,68734,197
Inventory1,687 34,197
Prepaid expense1,6331,000
Deferred costs7,1991,708 
Disposal group, including discontinued operation 102,278 
Prepaid expense and other current assets3,262
Total current assets:35,585123,526121,046
Noncurrent Assets
Property, plant and equipment23,07215,40914,085
Long-term investments and receivables1,459  
Accounts and financing receivable, after allowance for credit loss1,459  
Intangible assets, net (including goodwill)87,35750,26154,201
Intangible assets, net (excluding goodwill)42,35519,59622,717
Deposits noncurrent assets2,957  
Deferred costs1,180  
Other noncurrent assets12,2685,914
Prepaid expense and other noncurrent assets6,947
Assets of disposal group, including discontinued operation7,578 
Other undisclosed noncurrent assets(5,596) 12
Total noncurrent assets:122,69779,16275,245
TOTAL ASSETS:158,282202,688196,291
Current Liabilities
Accounts payable and accrued liabilities28,69015,548110,170
Accounts payable16,45312,683103,953
Accrued liabilities9,8621,7304,370
Employee-related liabilities2,3361,1351,847
Taxes payable39  
Disposal group, including discontinued operation 88,388 
Liabilities of business transferred under contractual arrangement856  
Deferred revenue and credits3,697  
Other liabilities9,8624,2791,364
Other undisclosed current liabilities(6,130)(89)3,063
Total current liabilities:39,783146,546138,519
Noncurrent Liabilities
Long-term debt and lease obligation96,0999960
Long-term debt, excluding current maturities96,000  
Capital lease obligations999960
Liabilities, other than long-term debt29,0354,7472,188
Deferred revenue and credits12,172  
Deferred tax liabilities, net1,2731,2881,279
Disposal group, including discontinued operation, liabilities 7 
Liabilities of business transferred under contractual arrangement 1,380 
Other liabilities15,5902,072909
Other undisclosed noncurrent liabilities(12,271)(99)1,841
Total noncurrent liabilities:112,8634,7474,089
Total liabilities:152,646151,293142,608
Stockholders' equity
Stockholders' equity attributable to parent, including:5,63651,39553,683
Preferred stock8,523  
Common stock215,867213,354189,515
Accumulated other comprehensive income 775336
Accumulated deficit(218,760)(162,734)(136,168)
Warrants and rights outstanding261  
Other undisclosed stockholders' equity attributable to parent(255)  
Total stockholders' equity:5,63651,39553,683
TOTAL LIABILITIES AND EQUITY:158,282202,688196,291

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

(Revenue, Net)
Cost of revenue(105,400)(88,972)(434,119)
Cost of goods and services sold(105,400)(88,972) 
Gross profit:14,60818,10751,176
Operating expenses(57,170)(23,832)(49,197)
Operating income (loss):(42,562)(5,725)1,979
Nonoperating income (expense)8,5375(1,732)
Foreign currency transaction loss, before tax  (810)
Other nonoperating income (expense)8,5375(922)
Interest and debt expense(8,607)(1,859) 
Other undisclosed loss from continuing operations before equity method investments, income taxes  (210)
Income (loss) from continuing operations before income taxes:(42,632)(7,579)37
Income tax expense(213)(290)(11,834)
Loss from continuing operations:(42,845)(7,869)(11,797)
Loss from discontinued operations(13,181)  
Net loss:(56,026)(7,869)(11,797)
Other undisclosed net loss attributable to parent (18,697) 
Net loss attributable to parent:(56,026)(26,566)(11,797)
Preferred stock dividends and other adjustments30  
Other undisclosed net income available to common stockholders, basic55,995  
Net loss available to common stockholders, basic:(1)(26,566)(11,797)
Convertible preferred dividends256  
Net income (loss) available to common stockholders, diluted:255(26,566)(11,797)

Comprehensive Income ($ in thousands)

Net loss:(56,026)(7,869)(11,797)
Other comprehensive loss(769)  
Comprehensive loss:(56,795)(7,869)(11,797)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (18,258)345
Comprehensive loss, net of tax, attributable to parent:(56,795)(26,127)(11,452)

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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