ServiceSource International, Inc. (SREV) Financial Statements (2024 and earlier)

Company Profile

Business Address 707 17TH STREET
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,50730,17032,46434,17134,00639,180
Cash and cash equivalents28,50730,17032,46434,17134,00639,180
Receivables43,57135,46434,59634,57838,89033,366
Contract with customer, asset, after allowance for credit loss     500 
Other undisclosed current assets8,9958,5997,40310,8768,7756,914
Total current assets:81,07374,23374,46379,62582,17179,460
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 543644749 1,092
Operating lease, right-of-use asset23,04322,70625,29027,51529,79831,733
Property, plant and equipment     29,948 
Intangible assets, net (including goodwill), including:6,3346,3346,3346,3346,3346,334
Goodwill 6,300   6,300 
Other undisclosed intangible assets, net (including goodwill)346,3346,3346,334346,334
Capitalized contract cost, net558604675757872995
Other noncurrent assets2,7194,1094,1843,5803,4903,983
Other undisclosed noncurrent assets18,72120,99723,93926,249 30,227
Total noncurrent assets:51,37555,29361,06665,18470,44274,364
TOTAL ASSETS:132,448129,526135,529144,809152,613153,824
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24,98325,35320,94323,19222,76321,158
Employee-related liabilities19,99919,14716,12915,31318,34217,754
Accounts payable8323,0032,2465,1511,204993
Accrued liabilities4,1523,2032,5682,7283,2172,411
Deferred revenue500600500200400300
Debt10,06310,18615,35615,49915,60815,707
Other liabilities7939731,0158271,2091,085
Other undisclosed current liabilities8,0518,7179,1529,6669,7899,734
Total current liabilities:44,39045,82946,96649,38449,76947,984
Noncurrent Liabilities
Long-term debt and lease obligation:19,86918,93121,40823,73925,97528,129
Liabilities, other than long-term debt1,1551,8931,7422,3021,5932,313
Other liabilities1,1551,8931,7422,3021,5932,313
Operating lease, liability19,86918,93121,40823,73925,97528,129
Total noncurrent liabilities:21,02420,82423,15026,04127,56830,442
Total liabilities:65,41466,65370,11675,42577,33778,426
Equity
Equity, attributable to parent67,03462,87365,41369,38475,27675,398
Common stock101010101010
Treasury stock, value(441)(441)(441)(441)(441)(441)
Additional paid in capital385,827384,337383,403382,314379,696378,309
Accumulated other comprehensive income966891974943618463
Accumulated deficit(319,328)(321,924)(318,533)(313,442)(304,607)(302,943)
Total equity:67,03462,87365,41369,38475,27675,398
TOTAL LIABILITIES AND EQUITY:132,448129,526135,529144,809152,613153,824

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

3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Revenues55,79648,57846,30745,02351,05945,790
Cost of revenue(35,510)(35,030)(35,395)(34,067)(33,626)(33,210)
Gross profit:20,28613,54810,91210,95617,43312,580
Operating expenses(17,830)(16,313)(15,918)(18,300)(18,332)(17,664)
Operating income (loss):2,456(2,765)(5,006)(7,344)(899)(5,084)
Interest and debt expense(3)(4)(7)(11)(13)(19)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (357)(1,149)(216)(481)
Income (loss) from continuing operations before equity method investments, income taxes:2,453(2,769)(5,370)(8,504)(1,128)(5,584)
Other undisclosed income (loss) from continuing operations before income taxes10(263)    
Income (loss) from continuing operations before income taxes:2,463(3,032)(5,370)(8,504)(1,128)(5,584)
Income tax expense (benefit)133(359)279(331)(536)6
Income (loss) from continuing operations:2,596(3,391)(5,091)(8,835)(1,664)(5,578)
Income (loss) before gain (loss) on sale of properties:2,596(3,391)(5,091)(8,835)(1,664)(5,578)
Net income (loss) available to common stockholders, diluted:2,596(3,391)(5,091)(8,835)(1,664)(5,578)

Comprehensive Income ($ in thousands)

3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Net income (loss):2,596(3,391)(5,091)(8,835)(1,664)(5,578)
Comprehensive income (loss):2,596(3,391)(5,091)(8,835)(1,664)(5,578)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent75(83)31325155102
Comprehensive income (loss), net of tax, attributable to parent:2,671(3,474)(5,060)(8,510)(1,509)(5,476)

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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