Spark Networks, Inc. (LOV) financial statements (2022 and earlier)

Company profile

Business Address KOHLFURTER STRASSE 41/43
BERLIN, 10999
State of Incorp.
Fiscal Year End December 31
SIC 72 - Personal Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,14119,267
Cash and cash equivalents16,14119,267
Receivables6,2615,507
Prepaid expense3,2014,366
Other current assets1,0852,140
Total current assets:26,68831,280
Noncurrent Assets
Property, plant and equipment3,61311,418
Intangible assets, net (including goodwill)164,113215,581
Goodwill134,744156,582
Intangible assets, net (excluding goodwill)29,36958,999
Deferred income tax assets7,62323,522
Other noncurrent assets7,7648,642
Total noncurrent assets:183,113259,163
TOTAL ASSETS:209,801290,443
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities32,84930,126
Accounts payable11,47411,127
Accrued liabilities7,31810,510
Employee-related liabilities1,4872,085
Taxes payable12,5706,404
Deferred revenue36,97338,304
Debt17,59319,037
Other liabilities1,5367,498
Other undisclosed current liabilities4,1311,932
Total current liabilities:93,08296,897
Noncurrent Liabilities
Long-term debt and lease obligation64,53180,109
Long-term debt, excluding current maturities64,53180,109
Liabilities, other than long-term debt19,49518,534
Deferred income tax liabilities1,077993
Other liabilities18,41817,541
Total noncurrent liabilities:84,02698,643
Total liabilities:177,108195,540
Stockholders' equity
Stockholders' equity attributable to parent32,69394,903
Common stock3,0643,064
Treasury stock, value(48)(61)
Additional paid in capital223,103220,852
Accumulated other comprehensive income6,9773,296
Accumulated deficit(200,403)(132,248)
Total stockholders' equity:32,69394,903
TOTAL LIABILITIES AND EQUITY:209,801290,443

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

12/31/2021
12/31/2020
Revenues216,905233,036
Cost of revenue(131,974)(142,459)
Gross profit:84,93190,577
Operating expenses(118,951)(100,120)
Other undisclosed operating loss (23,636)
Operating loss:(34,020)(33,179)
Nonoperating expense(15,737)(8,440)
Foreign currency transaction gain (loss), before tax(2,918)3,771
Interest and debt expense(13,453)(13,355)
Other undisclosed income from continuing operations before equity method investments, income taxes 13,355
Loss from continuing operations before equity method investments, income taxes:(63,210)(41,619)
Other undisclosed income from continuing operations before income taxes13,453 
Loss from continuing operations before income taxes:(49,757)(41,619)
Income tax expense(18,398)(4,989)
Net loss available to common stockholders, diluted:(68,155)(46,608)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
Net loss:(68,155)(46,608)
Comprehensive loss:(68,155)(46,608)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,681(4,455)
Comprehensive loss, net of tax, attributable to parent:(64,474)(51,063)

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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