ServiceSource International, Inc. (SREV) financial statements (2022 and earlier)

Company profile

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

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,50730,17032,46434,17134,00639,18040,924
Cash and cash equivalents28,50730,17032,46434,17134,00639,18040,924
Receivables43,57135,46434,59634,57838,89033,36640,023
Contract with customer, asset    500  
Other undisclosed current assets8,9958,5997,40310,8768,7756,9145,975
Total current assets:81,07374,23374,46379,62582,17179,46086,922
Noncurrent Assets
Finance lease, right-of-use asset 543644749 1,0921,319
Operating lease, right-of-use asset23,04322,70625,29027,51529,79831,73331,736
Property, plant and equipment    29,948  
Intangible assets, net (including goodwill), including:6,3346,3346,3346,3346,3346,3346,334
Goodwill6,300   6,300  
Other undisclosed intangible assets, net (including goodwill)346,3346,3346,334346,3346,334
Capitalized contract cost, net5586046757578729951,204
Other noncurrent assets2,7194,1094,1843,5803,4903,9834,791
Other undisclosed noncurrent assets18,72120,99723,93926,249 30,22730,639
Total noncurrent assets:51,37555,29361,06665,18470,44274,36476,023
TOTAL ASSETS:132,448129,526135,529144,809152,613153,824162,945
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24,98325,35320,94323,19222,76321,15820,203
Accounts payable8323,0032,2465,1511,2049931,922
Accrued liabilities4,1523,2032,5682,7283,2172,4112,458
Employee-related liabilities19,99919,14716,12915,31318,34217,75415,823
Deferred revenue500600500200400300600
Debt10,06310,18615,35615,49915,60815,70720,786
Other liabilities7939731,0158271,2091,0851,659
Other undisclosed current liabilities8,0518,7179,1529,6669,7899,7349,164
Total current liabilities:44,39045,82946,96649,38449,76947,98452,412
Noncurrent Liabilities
Long-term debt and lease obligation19,86918,93121,40823,73925,97528,12928,565
Operating lease, liability19,86918,93121,40823,73925,97528,12928,565
Liabilities, other than long-term debt1,1551,8931,7422,3021,5932,3132,459
Other liabilities1,1551,8931,7422,3021,5932,3132,459
Total noncurrent liabilities:21,02420,82423,15026,04127,56830,44231,024
Total liabilities:65,41466,65370,11675,42577,33778,42683,436
Stockholders' equity
Stockholders' equity attributable to parent67,03462,87365,41369,38475,27675,39879,509
Common stock10101010101010
Treasury stock, value(441)(441)(441)(441)(441)(441)(441)
Additional paid in capital385,827384,337383,403382,314379,696378,309376,944
Accumulated other comprehensive income966891974943618463361
Accumulated deficit(319,328)(321,924)(318,533)(313,442)(304,607)(302,943)(297,365)
Total stockholders' equity:67,03462,87365,41369,38475,27675,39879,509
TOTAL LIABILITIES AND EQUITY:132,448129,526135,529144,809152,613153,824162,945

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues55,79648,57846,30745,02351,05945,79047,638
Cost of revenue(35,510)(35,030)(35,395)(34,067)(33,626)(33,210)(34,645)
Gross profit:20,28613,54810,91210,95617,43312,58012,993
Operating expenses(17,830)(16,313)(15,918)(18,300)(18,332)(17,664)(18,513)
Operating income (loss):2,456(2,765)(5,006)(7,344)(899)(5,084)(5,520)
Interest and debt expense(3)(4)(7)(11)(13)(19)(25)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (357)(1,149)(216)(481)349
Income (loss) from continuing operations before equity method investments, income taxes:2,453(2,769)(5,370)(8,504)(1,128)(5,584)(5,196)
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)(5,196)
Income tax expense (benefit)133(359)279(331)(536)6(161)
Net income (loss) available to common stockholders, diluted:2,596(3,391)(5,091)(8,835)(1,664)(5,578)(5,357)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):2,596(3,391)(5,091)(8,835)(1,664)(5,578)(5,357)
Comprehensive income (loss):2,596(3,391)(5,091)(8,835)(1,664)(5,578)(5,357)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent75(83)31325155102(547)
Comprehensive income (loss), net of tax, attributable to parent:2,671(3,474)(5,060)(8,510)(1,509)(5,476)(5,904)

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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