Evolving Systems, Inc. (EVOL) financial statements (2022 and earlier)
Company profile
| Business Address |
9800 PYRAMID COURT, SUITE 400 ENGLEWOOD, CO 80112 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 7371 - Computer Programming Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 3,076 | 6,732 | 7,562 | 7,614 | ||||
| Cash and cash equivalents | 3,076 | 6,732 | 7,562 | 7,614 | ||||
| Receivables | 7,685 | 8,894 | 10,151 | 5,867 | ||||
| Other undisclosed current assets | 2,699 | 4,395 | 7,876 | 4,929 | ||||
| Total current assets: | 13,460 | 20,021 | 25,589 | 18,410 | ||||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 1,205 | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 482 | 303 | 258 | 546 | ||||
| Intangible assets, net (including goodwill) | 3,665 | 11,288 | 30,829 | 24,799 | ||||
| Goodwill | 6,738 | 25,216 | 20,599 | |||||
| Intangible assets, net (excluding goodwill) | 3,665 | 4,550 | 5,613 | 4,200 | ||||
| Deferred income tax assets | 1,000 | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent assets | 1,140 | 274 | ||||||
| Total noncurrent assets: | 6,352 | 12,731 | 31,361 | 25,345 | ||||
| TOTAL ASSETS: | 19,812 | 32,752 | 56,950 | 43,755 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 3,827 | 4,483 | 6,890 | 4,274 | ||||
| Taxes payable | 1,107 | 617 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 3,827 | 4,483 | 5,783 | 3,657 | ||||
| Deferred revenue | 3,971 | ✕ | ✕ | ✕ | ||||
| Debt | 1,898 | 3,573 | 2,805 | 1,998 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 5,397 | 3,532 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 3,911 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 1,503 | 617 | ||||||
| Total current liabilities: | 9,696 | 11,967 | 16,595 | 10,421 | ||||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 998 | 2,365 | 5,942 | 4,000 | ||||
| Long-term debt, excluding current maturities | 122 | 2,365 | 5,942 | 4,000 | ||||
| Operating lease, liability | 876 | ✕ | ✕ | ✕ | ||||
| Total noncurrent liabilities: | 998 | 2,365 | 5,942 | 4,000 | ||||
| Total liabilities: | 10,694 | 14,332 | 22,537 | 14,421 | ||||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 9,118 | 18,420 | 34,413 | 29,334 | ||||
| Common stock | 12 | 12 | 12 | 12 | ||||
| Treasury stock, value | (1,253) | (1,253) | (1,253) | (1,253) | ||||
| Additional paid in capital | 99,555 | 99,224 | 98,517 | 97,744 | ||||
| Accumulated other comprehensive loss | (10,053) | (10,115) | (8,202) | (9,992) | ||||
| Accumulated deficit | (79,143) | (69,448) | (54,661) | (57,177) | ||||
| Total stockholders' equity: | 9,118 | 18,420 | 34,413 | 29,334 | ||||
| TOTAL LIABILITIES AND EQUITY: | 19,812 | 32,752 | 56,950 | 43,755 | ||||
Income statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 25,750 | 30,636 | 28,812 | 24,778 | |||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 28,812 | 24,778 | |
| Cost of revenue | (8,685) | (10,349) | (8,680) | (5,297) | |||
| Gross profit: | 17,065 | 20,287 | 20,132 | 19,481 | |||
| Operating expenses | (24,769) | (36,169) | (13,607) | (12,844) | |||
| Other undisclosed operating loss | (190) | (121) | (1,110) | (1,042) | |||
| Operating income (loss): | (7,894) | (16,003) | 5,415 | 5,595 | |||
| Nonoperating income (expense) | (698) | 790 | (1,478) | (703) | |||
| Foreign currency transaction gain (loss), before tax | (455) | 810 | (1,137) | (552) | |||
| Other nonoperating income | 56 | 393 | 23 | 183 | |||
| Interest and debt expense | (314) | (478) | (365) | (340) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 314 | 478 | 365 | 340 | |||
| Income (loss) from continuing operations before income taxes: | (8,592) | (15,213) | 3,937 | 4,892 | |||
| Income tax expense (benefit) | (1,103) | 426 | (1,421) | (1,457) | |||
| Net income (loss) available to common stockholders, diluted: | (9,695) | (14,787) | 2,516 | 3,435 | |||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (9,695) | (14,787) | 2,516 | 3,435 | |||
| Comprehensive income (loss): | (9,695) | (14,787) | 2,516 | 3,435 | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 62 | (1,913) | 1,790 | (3,993) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (9,633) | (16,700) | 4,306 | (558) | |||
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.