Falconstor Software Inc (FALC) financial statements (2022 and earlier)

Company profile

Business Address 125 BAYLIS ROAD
MELVILLE, NY 11747
State of Incorp. DE
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
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1811,9211,4753,0601,0113,39213,433
Cash and cash equivalents3,1811,9211,4753,0601,0113,3926,013
Short-term investments      7,420
Receivables2,8552,8373,4073,6054,1685,0046,635
Inventory, net of allowances, customer advances and progress billings8153015 671
Inventory8153015 671
Contract with customer, asset210254750 
Deferred tax assets   206
Other undisclosed current assets1,0751,8382,2522,5471,2441,2451,743
Total current assets:7,3296,8657,9149,2276,4249,64722,088
Noncurrent Assets
Operating lease, right-of-use asset1125361,842
Property, plant and equipment1541973694346361,1751,566
Intangible assets, net (including goodwill)4,2024,2504,2084,2424,2924,3604,406
Goodwill4,1504,1504,1504,1504,1504,1504,150
Intangible assets, net (excluding goodwill)511005891142209256
Contract with customer, asset, net693344328 
Deferred costs2,9802,9502,9502,9502,9172,9173,037
Deferred income tax assets30331 
Other noncurrent assets1068648299209939741,139
Other undisclosed noncurrent assets(2,937)(2,931)(2,664)(1,800)(2,047)(1,792)(1,810)
Total noncurrent assets:5,3406,5417,8636,7466,7917,6348,339
TOTAL ASSETS:12,66913,40615,77615,97313,21517,28130,426
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3962,7483,8363,4315,4694,8917,789
Accounts payable2974541,3025511,0934201,006
Accrued liabilities1,0992,2942,5342,8794,3764,4716,784
Deferred revenue4,5574,6035,270
Debt 3,3212,603 370  
Deferred revenue and credits6,86011,76015,23616,554
Deferred tax liabilities   89
Other undisclosed current liabilities77665     
Total current liabilities:6,03111,33711,70910,29017,60020,12724,432
Noncurrent Liabilities
Long-term debt and lease obligation2,1907543,5313,125   
Long-term debt, excluding current maturities2,1547542,9063,125   
Operating lease, liability35 625
Liabilities, other than long-term debt3,0302,9832,8304,3547,8409,8569,884
Deferred revenue and credits2,5076,6008,4319,122
Deferred revenue1,5791,7662,085
Deferred tax liabilities, net2988625527
Deferred income tax liabilities500513 
Other liabilities9517047451,5501,1551,171735
Other undisclosed noncurrent liabilities  433    
Total noncurrent liabilities:5,2203,7376,7947,4797,8409,8569,884
Total liabilities:11,25015,07418,50317,77025,44029,98334,317
Commitments and contingencies (406)(958)(1,348)   
Temporary equity, carrying amount14,38413,34712,26311,1059,0009,0009,000
Stockholders' equity
Stockholders' equity attributable to parent(12,966)(14,608)(14,031)(11,554)(21,225)(21,703)(11,709)
Common stock766587605957
Treasury stock, value    (57,033)(57,033)(57,033)
Additional paid in capital112,350110,107111,728112,662168,637169,091167,954
Accumulated other comprehensive loss(1,860)(1,988)(1,893)(1,895)(1,959)(1,838)(1,703)
Accumulated deficit(123,463)(122,733)(123,872)(122,908)(130,930)(131,983)(120,984)
Other undisclosed stockholders' equity      (1,181)
Total stockholders' equity:(12,966)(14,608)(14,031)(11,554)(21,225)(21,703)(12,890)
TOTAL LIABILITIES AND EQUITY:12,66913,40615,77615,97313,21517,28130,426

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues14,18014,76916,54417,83825,16130,26348,571
Revenue, net17,83825,16130,26348,571
Cost of revenue
(Cost of Goods and Services Sold)
(1,952)(1,827)(2,913)(2,978)(5,541)(8,284)(9,682)
Gross profit:12,22812,94113,63114,86019,62021,97938,889
Operating expenses(11,594)(11,124)(14,286)(14,907)(18,598)(32,269)(40,173)
Operating income (loss):6341,817(655)(47)1,022(10,290)(1,284)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(658)(693)(605)(626)38(121)(270)
Interest and debt expense754      
Income (loss) from continuing operations before income taxes:7301,124(1,260)(673)1,060(10,412)(1,554)
Income tax expense (benefit)(527)14(492)(233)(8)(587)(376)
Net income (loss) attributable to parent:2031,139(1,752)(907)1,052(10,999)(1,929)
Preferred stock dividends and other adjustments(1,444)(1,636)(1,548)(3,559)(873)(2,737)(2,118)
Other undisclosed net income available to common stockholders, basic     778765
Net income (loss) available to common stockholders, diluted:(1,240)(498)(3,300)(4,466)179(12,958)(3,282)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2031,139(1,752)(907)1,052(10,999)(1,929)
Other comprehensive income128      
Other undisclosed comprehensive income (loss) (95)264(121)(134)(192)
Comprehensive income (loss):3311,044(1,750)(843)931(11,133)(2,121)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (1,139)1,752907(1,052)10,9991,929
Comprehensive income (loss), net of tax, attributable to parent:331(95)264(121)(134)(192)

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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