GTY Technology Holdings Inc. (GTYH) financial statements (2023 and earlier)

Company profile

Business Address 800 BOYLSTON STREET
BOSTON, MA 02199
State of Incorp.
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,32922,8008,374525611,220
Cash and cash equivalents13,32922,8008,374525611,220
Receivables12,6049,9949,184   
Prepaid expense   406721
Other undisclosed current assets4,1912,5833,047   
Total current assets:30,12435,37720,605926281,241
Noncurrent Assets
Finance lease, right-of-use asset7221,355 
Operating lease, right-of-use asset1,8762,6105,876
Property, plant and equipment3,2083,8913,185   
Intangible assets, net (including goodwill)355,336385,742402,423   
Goodwill268,808284,635286,635   
Intangible assets, net (excluding goodwill)86,528101,107115,788   
Restricted cash and investments   1556,818552,264
Other noncurrent assets3,6783,4722,304   
Other undisclosed noncurrent assets   217,641  
Total noncurrent assets:364,820397,070413,788217,642556,818552,264
TOTAL ASSETS:394,944432,447434,393217,733557,446553,505
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,4836,3668,4435,124 69
Accounts payable   5,124 69
Other undisclosed accounts payable and accrued liabilities5,4836,3668,443   
Deferred revenue26,81622,30417,346
Debt1401,8972,406   
Due to related parties   6014020
Business combination, contingent consideration, liability1374312,680   
Other undisclosed current liabilities581  1,40530 
Total current liabilities:33,03331,31040,8756,58917089
Noncurrent Liabilities
Long-term debt and lease obligation27,35729,7065,122   
Long-term debt, excluding current maturities24,64126,632    
Finance lease, liability 147811
Operating lease, liability2,7162,9274,311
Liabilities, other than long-term debt62,74961,62661,509   
Deferred revenue1,9791,602 
Deferred income tax liabilities17,73817,49420,276
Business combination, contingent consideration, liability43,03242,53041,233   
Other undisclosed noncurrent liabilities4,868 1,2643,25019,32019,320
Total noncurrent liabilities:94,97491,33267,8953,25019,32019,320
Total liabilities:128,007122,642108,7709,83919,49019,409
Temporary equity, carrying amount   202,895532,956529,096
Stockholders' equity
Stockholders' equity attributable to parent, including:266,937309,805325,6235,0005,0005,000
Treasury stock, value(8,343)(5,633)(5,174)   
Additional paid in capital401,507390,232369,756 1,0744,934
Accumulated other comprehensive income (loss)(44)6370   
Retained earnings (accumulated deficit)(176,547)(129,030)(85,015)4,9993,92464
Warrants and rights outstanding27,09327,09327,093   
Other undisclosed stockholders' equity attributable to parent23,27127,13718,593122
Total stockholders' equity:266,937309,805325,6235,0005,0005,000
TOTAL LIABILITIES AND EQUITY:394,944432,447434,393217,733557,446553,505

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues60,45348,128    
Cost of revenue(22,372)(18,468)    
Gross profit:38,08129,660    
Operating expenses(83,583)(72,378)(1,644)(6,957)(694) 
Operating loss:(45,502)(42,718)(1,644)(6,957)(694) 
Nonoperating income (expense)(7,477)(3,736) 8,7534,554 
Investment income, nonoperating   8,7534,554 
Interest and debt expense(69)(759)    
Income (loss) from continuing operations before equity method investments, income taxes:(53,048)(47,213)(1,644)1,7973,860 
Other undisclosed income from continuing operations before income taxes69759    
Income (loss) from continuing operations before income taxes:(52,979)(46,454)(1,644)1,7973,860 
Income tax expense (benefit)(849)2,4398,595   
Net income (loss):(53,828)(44,015)6,9511,7973,860 
Other undisclosed net loss attributable to parent  (102,608)   
Net income (loss) available to common stockholders, diluted:(53,828)(44,015)(95,657)1,7973,860 

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(53,828)(44,015)6,9511,7973,860 
Comprehensive income (loss):(53,828)(44,015)6,9511,7973,860 
Other undisclosed comprehensive loss, net of tax, attributable to parent(50)(364)    
Comprehensive income (loss), net of tax, attributable to parent:(53,878)(44,379)6,9511,7973,860 

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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