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

Company profile

Business Address 1303 E. ARAPAHO ROAD, SUITE 200
RICHARDSON, TX 75081
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)

12/31/2015
Q3
9/30/2015
Q2
6/30/2015
Q1
3/31/2015
Q4
12/31/2014
Q3
9/30/2014
Q2
6/30/2014
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0682,0114,9996,3817,5696,927 
Cash and cash equivalents5,0682,0114,9996,3817,5696,927 
Receivables20,77219,84818,87718,68529,02321,91515,956
Inventory, net of allowances, customer advances and progress billings7321,5752,0591,687977  
Inventory7321,5752,0591,687977  
Prepaid expense2,2501,8222,1491,6332,3222,2051,416
Deferred costs   7,1995,9694,6603,238
Disposal group, including discontinued operation      87,875
Other current assets9,2668,2349,758    
Total current assets:38,08833,49037,84235,58545,86035,707108,485
Noncurrent Assets
Property, plant and equipment7,92221,39121,69323,07224,11117,15316,742
Long-term investments and receivables  1,4591,4591,4593,274 
Accounts and financing receivable, after allowance for credit loss  1,4591,4591,4593,274 
Intangible assets, net (including goodwill)22,35267,68586,48387,357106,92651,58949,567
Goodwill10,35828,35845,00245,00262,97630,66530,665
Intangible assets, net (excluding goodwill)11,99439,32741,48142,35543,95020,92418,902
Deposits noncurrent assets 3,0373,1782,9573,1253,066 
Disposal group, including discontinued operation, noncurrent assets      144
Deferred costs 3,7881,1171,1801,0952,849 
Other noncurrent assets6,68311,0519,80912,26819,32119,8897,952
Other undisclosed noncurrent assets (6,825)(5,754)(5,596)(5,679)(9,189)7,161
Total noncurrent assets:36,957100,127117,985122,697150,35888,63181,566
TOTAL ASSETS:75,045133,617155,827158,282196,218124,338190,051
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23,91120,24027,23728,69037,24723,15413,838
Accounts payable12,3209,29111,30916,45316,77714,6999,636
Accrued liabilities11,5918,65911,4669,86218,4786,2462,934
Employee-related liabilities 2,2491,8002,3361,9091,5511,208
Taxes payable 4186393842 
Interest and dividends payable  2,576 4561660
Debt112,441108,3653,3602,8083,6481,72718,100
Disposal group, including discontinued operation      95,761
Liabilities of business transferred under contractual arrangement3033035798561,104  
Deferred revenue and credits 6,3266,8993,6974,1923,478 
Other liabilities13,97510,62312,3539,8626,4624,3727,926
Other undisclosed current liabilities (9,640)(12,471)(6,130)(7,207)(5,435)(164)
Total current liabilities:150,630136,21737,95739,78345,44627,296135,461
Noncurrent Liabilities
Long-term debt and lease obligation 22895,52896,09997,55834,842 
Long-term debt, excluding current maturities  95,25096,00096,75034,125 
Capital lease obligations 22827899808717 
Liabilities, other than long-term debt11,10921,33323,84029,03524,60625,0655,393
Customer advances or deposits    1432 
Deferred revenue and credits 9,2249,98912,17210,45710,788 
Deferred tax liabilities, net3507181,4391,2732,5532,4051,558
Disposal group, including discontinued operation, liabilities      98
Liabilities of business transferred under contractual arrangement    3033031,104
Other liabilities10,75911,39112,41215,59011,27911,5372,633
Other undisclosed noncurrent liabilities (9,452)(10,267)(12,271)(11,279)(11,537) 
Total noncurrent liabilities:11,10912,109109,101112,863110,88548,3705,393
Total liabilities:161,739148,326147,058152,646156,33175,666140,854
Stockholders' equity
Stockholders' equity attributable to parent, including:(86,694)(14,709)8,7695,63639,88748,67249,197
Preferred stock 8,8058,6748,5238,3816,7965,126
Common stock231,928222,880220,544215,867215,741216,862216,912
Accumulated deficit(318,521)(246,292)(220,383)(218,760)(184,438)(175,036)(173,517)
Warrants and rights outstanding 1,3651,3652611,3721,186 
Other undisclosed stockholders' equity attributable to parent(101)(1,467)(1,431)(255)(1,169)(1,136)676
Total stockholders' equity:(86,694)(14,709)8,7695,63639,88748,67249,197
TOTAL LIABILITIES AND EQUITY:75,045133,617155,827158,282196,218124,338190,051

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

12/31/2015
Q3
9/30/2015
Q2
6/30/2015
Q1
3/31/2015
Q4
12/31/2014
Q3
9/30/2014
Q2
6/30/2014
Q1
Revenues
(Revenue, Net)
33,45031,33134,37136,62438,25723,06722,060
Cost of revenue
(Cost of Goods and Services Sold)
(32,462)(25,960)(25,654)(41,304)(29,200)(17,555)(17,341)
Gross profit:9885,3718,717(4,680)9,0575,5124,719
Operating expenses(66,754)(27,918)(10,354)(30,646)(11,594)(7,507)(7,423)
Operating loss:(65,766)(22,547)(1,637)(35,326)(2,537)(1,995)(2,704)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
585(589)2,9597,026(250)1,886(125)
Interest and debt expense(7,195)(3,571)(2,562)(3,098)(1,130)(838)(541)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   863(3,047)(816) 
Loss from continuing operations before income taxes:(72,376)(26,707)(1,240)(30,535)(6,964)(1,763)(3,370)
Income tax expense (benefit)396674(208)130(170)(119)(54)
Other undisclosed loss from continuing operations(249)      
Loss from continuing operations:(72,229)(26,033)(1,448)(30,405)(7,134)(1,882)(3,424)
Income (loss) from discontinued operations   (15,297)(2,268)363(7,359)
Net loss:(72,229)(26,033)(1,448)(45,702)(9,402)(1,519)(10,783)
Other undisclosed net income (loss) attributable to parent 124(175)11,380   
Net loss attributable to parent:(72,229)(25,909)(1,623)(34,322)(9,402)(1,519)(10,783)
Preferred stock dividends and other adjustments(98)(131)(121)439(177)(178)(54)
Other undisclosed net income (loss) available to common stockholders, basic(249)  59,528(1,402)(1,670) 
Net income (loss) available to common stockholders, basic:(72,576)(26,040)(1,744)25,645(10,981)(3,367)(10,837)
Convertible preferred dividends  121    
Other undisclosed net income available to common stockholders, diluted   256   
Net income (loss) available to common stockholders, diluted:(72,576)(26,040)(1,623)25,901(10,981)(3,367)(10,837)

Comprehensive Income ($ in thousands)

12/31/2015
Q3
9/30/2015
Q2
6/30/2015
Q1
3/31/2015
Q4
12/31/2014
Q3
9/30/2014
Q2
6/30/2014
Q1
Net loss:(72,229)(26,033)(1,448)(45,702)(9,402)(1,519)(10,783)
Other comprehensive income (loss)1(36)(72)(197)153(626)(99)
Comprehensive loss:(72,228)(26,069)(1,520)(45,899)(9,249)(2,145)(10,882)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 124(175)11,380   
Comprehensive loss, net of tax, attributable to parent:(72,228)(25,945)(1,695)(34,519)(9,249)(2,145)(10,882)

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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