Covisint Corp (COVS) financial statements (2022 and earlier)

Company profile

Business Address 26533 EVERGREEN RD., SUITE 500
SOUTHFIELD, MI 48076
State of Incorp. MI
Fiscal Year End March 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,22739,68150,07749,536
Cash and cash equivalents33,22739,68150,07749,536
Receivables8,06612,83615,34824,651
Prepaid expense1,9922,1673,160 
Deferred tax assets  161,017
Other current assets8781,6034,2095,983
Total current assets:44,16356,28772,81081,187
Noncurrent Assets
Property, plant and equipment5,1037,8478,8094,751
Intangible assets, net (including goodwill)35,41636,87136,03148,425
Goodwill25,38525,38525,38525,385
Intangible assets, net (excluding goodwill)10,03111,48610,64623,040
Deferred costs565801,7366,188
Other noncurrent assets156289928766
Deferred tax assets, net1721711,528131
Total noncurrent assets:40,90345,75849,03260,261
TOTAL ASSETS:85,066102,045121,842141,448
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,2828,50914,3333,893
Accounts payable2,4275,0617,7033,893
Accrued liabilities2,8553,4486,630 
Deferred revenue and credits14,59515,95218,02916,606
Deferred tax liabilities  1,597 
Other undisclosed current liabilities   5,392
Total current liabilities:19,87724,46133,95925,891
Noncurrent Liabilities
Liabilities, other than long-term debt4,7076,2756,53613,891
Deferred revenue and credits2,1153,5953,91411,223
Accounts payable and accrued liabilities2,2652,3272,622 
Deferred tax liabilities, net327353 2,668
Other undisclosed noncurrent liabilities   56
Total noncurrent liabilities:4,7076,2756,53613,947
Total liabilities:24,58430,73640,49539,838
Stockholders' equity
Stockholders' equity attributable to parent60,48271,30981,347101,610
Additional paid in capital164,120161,997157,004140,569
Accumulated other comprehensive loss(385)(161)(24)(12)
Accumulated deficit(103,253)(90,527)(75,633)(38,947)
Total stockholders' equity:60,48271,30981,347101,610
TOTAL LIABILITIES AND EQUITY:85,066102,045121,842141,448

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

3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues70,24376,02488,53497,135
Cost of revenue(33,279)(34,953)(66,404)(56,374)
Gross profit:36,96441,07122,13040,761
Operating expenses(49,682)(55,753)(60,649)(76,334)
Operating loss:(12,718)(14,682)(38,519)(35,573)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
61(23)  
Other undisclosed income from continuing operations before equity method investments, income taxes  69 
Loss from continuing operations before income taxes:(12,657)(14,705)(38,450)(35,573)
Income tax expense(69)(189)(112)(85)
Net loss available to common stockholders, diluted:(12,726)(14,894)(38,562)(35,658)

Comprehensive Income ($ in thousands)

3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net loss:(12,726)(14,894)(38,562)(35,658)
Other comprehensive loss(224)(137)(12)(9)
Comprehensive loss, net of tax, attributable to parent:(12,950)(15,031)(38,574)(35,667)

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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