Fusion Connect, Inc. (FSNN) financial statements (2022 and earlier)

Company profile

Business Address 420 LEXINGTON AVENUE
NEW YORK, NY 10170
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)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5307,2227,5416,4456,177543
Cash and cash equivalents2,5307,2227,5416,4456,177543
Restricted cash and investments27271651,164  
Receivables(700)(427)(309)(254)(381)(514)
Prepaid expense2,1821,4011,9239802,769
Intangible current assets5583 1,997
Prepaid expense and other current assets309
Other undisclosed current assets13,4909,4367,4904,1286,1464,472
Total current assets:17,58517,74216,80914,46014,7104,810
Noncurrent Assets
Property, plant and equipment12,85714,249 13,47911,1932,407
Intangible assets, net (including goodwill)90,93099,30772,88542,83040,17317,802
Goodwill34,77435,68927,06010,3975,1242,406
Intangible assets, net (excluding goodwill)56,15663,61745,82432,43235,04915,396
Other undisclosed noncurrent assets6877352,003(10,500)(8,319)(358)
Total noncurrent assets:104,473114,29074,88745,80943,04819,851
Other undisclosed assets  14,05513,47911,1932,407
TOTAL ASSETS:122,058132,032105,75273,74768,95127,068
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:25,08919,72313,12910,47211,16210,579
Accounts payable9,3376,3591,1013,029  
Accrued liabilities3,0191,7261,9103,2693,101 
Employee-related liabilities422422555251103 
Taxes payable4,2563,4452,7381,462  
Interest and dividends payable73043233  
Other undisclosed accounts payable and accrued liabilities8,0477,4676,7922,4287,95810,579
Debt6,5002,9796861,225625208
Due to related parties  300   
Disposal group, including discontinued operation    5555
Deferred revenue and credits   730407 
Other liabilities228622    
Other undisclosed current liabilities1,2071,003959(67)6701,935
Total current liabilities:33,02424,32715,07412,35912,91912,778
Noncurrent Liabilities
Long-term debt and lease obligation  25,000   
Long-term debt, excluding current maturities  25,000   
Liabilities, other than long-term debt, including:2,0231,2391,2863,840132266
Due to related parties928 333  4,492
Other liabilities222891    
Derivative instruments and hedges, liabilities8733499533,84010,5151,066
Other undisclosed liabilities, other than long-term debt    (10,384)(5,292)
Other undisclosed noncurrent liabilities88,26697,27649,93844,26048,95020,136
Total noncurrent liabilities:90,29098,51576,22448,09949,08220,402
Total liabilities:123,313122,84291,29860,45862,00033,180
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,174)9,19014,45413,2906,950(6,112)
Additional paid in capital195,865192,233184,859175,519163,648146,760
Accumulated deficit(197,264)(183,250)(170,533)(162,303)(159,736)(154,654)
Other undisclosed stockholders' equity attributable to parent225207128743,0391,783
Stockholders' equity attributable to noncontrolling interest(82)     
Total stockholders' equity:(1,256)9,19014,45413,2906,950(6,112)
TOTAL LIABILITIES AND EQUITY:122,058132,032105,75273,74768,95127,068

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues150,531122,045101,69592,05361,49744,288
Cost of revenue(83,033)(68,058)(56,724)(49,598)(42,717)(37,662)
Gross profit:67,49753,98744,97042,45418,7796,625
Operating expenses(72,887)(61,622)(53,985)(44,229)(22,328)(11,438)
Operating loss:(5,389)(7,635)(9,015)(1,775)(3,549)(4,813)
Nonoperating expense(8,649)(6,258)(6,876)(766)(4,365)(623)
Investment income, nonoperating 433   (800)
Other nonoperating income (expense)(8,649)(6,691)(6,876)(766)(4,365)176
Interest and debt expense(100)(100)(105)(200)(3,744)(623)
Loss from continuing operations before equity method investments, income taxes:(14,138)(13,993)(15,995)(2,741)(11,657)(6,060)
Other undisclosed income (loss) from continuing operations before income taxes100(333)1052006,627 
Loss from continuing operations before income taxes:(14,038)(14,326)(15,890)(2,541)(5,030)(6,060)
Income tax expense (benefit)(62)(1,609)(7,661)(26)(52)1,148
Other undisclosed income from continuing operations85     
Loss from continuing operations:(14,015)(15,935)(23,551)(2,567)(5,082)(4,912)
Income from discontinued operations     41
Net loss:(14,015)(15,935)(23,551)(2,567)(5,082)(4,870)
Net income attributable to noncontrolling interest85     
Other undisclosed net income (loss) attributable to parent(170)3,21915,321  (337)
Net loss attributable to parent:(14,100)(12,716)(8,230)(2,567)(5,082)(5,207)
Preferred stock dividends and other adjustments(1,838)(2,388)(1,578)(1,746)(402)404
Other undisclosed net income (loss) available to common stockholders, basic85    (807)
Net loss available to common stockholders, basic:(15,852)(15,104)(9,808)(4,313)(5,484)(5,611)
Other undisclosed net income available to common stockholders, diluted  11,022   
Net income (loss) available to common stockholders, diluted:(15,852)(15,104)1,214(4,313)(5,484)(5,611)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(14,015)(15,935)(23,551)(2,567)(5,082)(4,870)
Comprehensive loss:(14,015)(15,935)(23,551)(2,567)(5,082)(4,870)
Comprehensive income, net of tax, attributable to noncontrolling interest85     
Comprehensive loss, net of tax, attributable to parent:(13,929)(15,935)(23,551)(2,567)(5,082)(4,870)

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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