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  3,0766,7327,5627,614
Cash and cash equivalents  3,0766,7327,5627,614
Receivables  7,6858,89410,1515,867
Other undisclosed current assets  2,6994,3957,8764,929
Total current assets:  13,46020,02125,58918,410
Noncurrent Assets
Operating lease, right-of-use asset  1,205
Property, plant and equipment  482303258546
Intangible assets, net (including goodwill)  3,66511,28830,82924,799
Goodwill   6,73825,21620,599
Intangible assets, net (excluding goodwill)  3,6654,5505,6134,200
Deferred income tax assets  1,000
Other undisclosed noncurrent assets   1,140274 
Total noncurrent assets:  6,35212,73131,36125,345
TOTAL ASSETS:  19,81232,75256,95043,755
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  3,8274,4836,8904,274
Taxes payable    1,107617
Other undisclosed accounts payable and accrued liabilities  3,8274,4835,7833,657
Deferred revenue  3,971
Debt  1,8983,5732,8051,998
Deferred revenue and credits5,3973,532
Contract with customer, liability3,911
Other undisclosed current liabilities    1,503617
Total current liabilities:  9,69611,96716,59510,421
Noncurrent Liabilities
Long-term debt and lease obligation  9982,3655,9424,000
Long-term debt, excluding current maturities  1222,3655,9424,000
Operating lease, liability  876
Total noncurrent liabilities:  9982,3655,9424,000
Total liabilities:  10,69414,33222,53714,421
Stockholders' equity
Stockholders' equity attributable to parent  9,11818,42034,41329,334
Common stock  12121212
Treasury stock, value  (1,253)(1,253)(1,253)(1,253)
Additional paid in capital  99,55599,22498,51797,744
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:  9,11818,42034,41329,334
TOTAL LIABILITIES AND EQUITY:  19,81232,75256,95043,755

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  25,75030,63628,81224,778
Revenue, net28,81224,778
Cost of revenue  (8,685)(10,349)(8,680)(5,297)
Gross profit:  17,06520,28720,13219,481
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)5,4155,595
Nonoperating income (expense)  (698)790(1,478)(703)
Foreign currency transaction gain (loss), before tax  (455)810(1,137)(552)
Other nonoperating income  5639323183
Interest and debt expense  (314)(478)(365)(340)
Other undisclosed income from continuing operations before equity method investments, income taxes  314478365340
Income (loss) from continuing operations before income taxes:  (8,592)(15,213)3,9374,892
Income tax expense (benefit)  (1,103)426(1,421)(1,457)
Net income (loss) available to common stockholders, diluted:  (9,695)(14,787)2,5163,435

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)2,5163,435
Comprehensive income (loss):  (9,695)(14,787)2,5163,435
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.

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