CYREN Ltd. (CYRN) financial statements (2023 and earlier)

Company profile

Business Address 10 HA-MENOFIM STREET
HERZLIYA, 4672561
State of Incorp.
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,3029,29611,55117,571
Cash and cash equivalents4,3029,29611,55117,571
Restricted cash and investments  576585
Receivables7999602,1873,658
Other undisclosed current assets2,2231,7591,1911,080
Total current assets:7,32412,01515,50522,894
Noncurrent Assets
Operating lease, right-of-use asset9,28010,9008,695
Property, plant and equipment2,1833,9484,4104,608
Intangible assets, net (including goodwill)24,67829,27329,21229,321
Goodwill20,37421,47620,24620,519
Intangible assets, net (excluding goodwill)4,3047,7978,9668,802
Deposits noncurrent assets809937767821
Other undisclosed noncurrent assets1,8541,8702,2392,383
Total noncurrent assets:38,80446,92845,32337,133
TOTAL ASSETS:46,12858,94360,82860,027
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,4446,0645,7566,537
Accounts payable1,0757991,1841,668
Accrued liabilities9551,4201,145910
Employee-related liabilities4,4143,8133,4273,959
Interest and dividends payable 32  
Deferred revenue4,6446,9347,208
Debt 10,0001,946 
Business combination, contingent consideration, liability   2,926
Other undisclosed current liabilities1,6181,951 5,773
Total current liabilities:12,70624,94914,91015,236
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,6249,8667,17410,000
Long-term debt, excluding current maturities  20,00010,000
Operating lease, liability8,6249,8667,174
Other undisclosed long-term debt and lease obligation  (20,000) 
Liabilities, other than long-term debt1,4092,0052,4261,830
Deferred revenue4856441,956
Deferred tax liabilities, net1,130
Deferred income tax liabilities407655 
Other liabilities517706470700
Other undisclosed noncurrent liabilities9,56110,08611,6071,101
Total noncurrent liabilities:19,59421,95721,20712,931
Total liabilities:32,30046,90636,11728,167
Stockholders' equity
Stockholders' equity attributable to parent13,82812,03724,71131,860
Common stock3,7592,3922,3092,097
Treasury stock, value   (998)
Additional paid in capital283,577258,962255,741245,570
Accumulated other comprehensive loss(1,877)(725)(2,010)(1,666)
Accumulated deficit(271,631)(248,592)(231,329)(213,143)
Total stockholders' equity:13,82812,03724,71131,860
TOTAL LIABILITIES AND EQUITY:46,12858,94360,82860,027

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues31,18736,38838,39135,900
Cost of revenue(15,277)(14,786)(15,557)(14,540)
Gross profit:15,91021,60222,83421,360
Operating expenses(37,715)(37,344)(40,503)(40,661)
Other operating expense, net(12)   
Other expenses(1,360)   
Other undisclosed operating income12   
Operating loss:(21,805)(15,742)(17,669)(19,301)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 5266(11)
Interest and debt expense(19)(15)(567)(97)
Other undisclosed loss from continuing operations before equity method investments, income taxes (1,632)(160)(158)
Loss from continuing operations before equity method investments, income taxes:(21,824)(17,384)(18,130)(19,567)
Other undisclosed loss from continuing operations before income taxes(1,353)   
Loss from continuing operations before income taxes:(23,177)(17,384)(18,130)(19,567)
Income tax benefit138121112153
Net loss available to common stockholders, diluted:(23,039)(17,263)(18,018)(19,414)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(23,039)(17,263)(18,018)(19,414)
Comprehensive loss:(23,039)(17,263)(18,018)(19,414)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,152)1,285(344)(471)
Comprehensive loss, net of tax, attributable to parent:(24,191)(15,978)(18,362)(19,885)

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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