QAD Inc. (QADA) financial statements (2022 and earlier)
Company profile
| Business Address |
100 INNOVATION PLACE SANTA BARBARA, CA 93108 |
| State of Incorp. | DE |
| Fiscal Year End | January 31 |
| SIC | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 7/31/2021 TTM | 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 142,501 | 136,717 | 140,613 | 147,023 | 145,082 | 137,731 | |||
| Cash and cash equivalents | 142,501 | 136,717 | 139,413 | 147,023 | 145,082 | 137,731 | |||
| Short-term investments | 1,200 | ||||||||
| Receivables | 84,395 | 83,105 | 81,832 | 83,731 | 70,369 | 66,714 | |||
| Prepaid expense | 5,228 | 6,140 | 6,597 | 5,847 | 4,879 | 5,789 | |||
| Contract with customer, asset | 2,014 | 1,595 | ✕ | ✕ | ✕ | ||||
| Capitalized contract cost | 513 | 543 | ✕ | ✕ | ✕ | ||||
| Deferred costs | 8,052 | 8,096 | 8,007 | 8,330 | 8,194 | 7,849 | |||
| Assets held-for-sale, not part of disposal group | 1,634 | ||||||||
| Deferred tax assets | ✕ | ✕ | ✕ | 8,203 | |||||
| Other current assets | 909 | 846 | 1,210 | 1,466 | 1,350 | 1,184 | |||
| Other undisclosed current assets | 4,421 | 3,961 | 6,081 | ||||||
| Total current assets: | 248,033 | 242,637 | 244,340 | 246,397 | 229,874 | 227,470 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 327 | 175 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 20,689 | 18,154 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 25,598 | 28,687 | 29,621 | 30,408 | 30,872 | 32,080 | |||
| Intangible assets, net (including goodwill) | 27,694 | 13,373 | 13,656 | 11,023 | 10,973 | 11,718 | |||
| Goodwill | 25,336 | 12,388 | 12,423 | 11,023 | 10,558 | 10,645 | |||
| Intangible assets, net (excluding goodwill) | 2,358 | 985 | 1,233 | 415 | 1,073 | ||||
| Contract with customer, asset, net | 103 | 214 | ✕ | ✕ | ✕ | ||||
| Deferred income tax assets | 8,526 | 5,834 | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 14,298 | 13,007 | 13,020 | 3,055 | 2,688 | 2,746 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 6,166 | 11,919 | ||||
| Other undisclosed noncurrent assets | 5,519 | 723 | 16,537 | 8,934 | 317 | 480 | |||
| Total noncurrent assets: | 102,754 | 80,167 | 72,834 | 53,420 | 51,016 | 58,943 | |||
| TOTAL ASSETS: | 350,787 | 322,804 | 317,174 | 299,817 | 280,890 | 286,413 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 10,898 | 9,840 | 9,902 | 14,818 | 11,316 | 10,811 | |||
| Accounts payable | 5,733 | 6,155 | 6,544 | 9,346 | 7,392 | 6,648 | |||
| Taxes payable | 5,165 | 3,685 | 3,358 | 5,472 | 3,924 | 4,163 | |||
| Deferred revenue | 125,724 | 118,413 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 527 | 503 | 487 | 466 | 446 | 422 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 116,693 | 104,125 | 97,911 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 115,253 | ✕ | ✕ | ✕ | ||
| Other liabilities | 37,431 | 39,900 | 40,348 | 43,460 | 33,636 | 31,535 | |||
| Other undisclosed current liabilities | 4,904 | 4,371 | |||||||
| Total current liabilities: | 179,484 | 173,027 | 165,990 | 175,437 | 149,523 | 140,679 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 11,825 | 12,341 | 12,836 | 13,313 | 13,767 | 14,258 | |||
| Long-term debt, excluding current maturities | 11,825 | 12,341 | 12,836 | 13,313 | 13,767 | 14,258 | |||
| Liabilities, other than long-term debt | 12,502 | 6,991 | 5,101 | 5,439 | 4,914 | 4,465 | |||
| Other liabilities | 12,502 | 6,759 | 5,101 | 5,439 | 4,914 | 4,465 | |||
| Derivative instruments and hedges, liabilities | 232 | ||||||||
| Other undisclosed noncurrent liabilities | 17,510 | 14,380 | |||||||
| Total noncurrent liabilities: | 41,837 | 33,712 | 17,937 | 18,752 | 18,681 | 18,723 | |||
| Total liabilities: | 221,321 | 206,739 | 183,927 | 194,189 | 168,204 | 159,402 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 129,466 | 116,065 | 133,247 | 105,628 | 112,686 | 127,011 | |||
| Treasury stock, value | (3,073) | (3,226) | (7,350) | (12,461) | (15,170) | (18,717) | |||
| Additional paid in capital | 205,630 | 197,824 | 196,723 | 200,456 | 197,594 | 195,419 | |||
| Accumulated other comprehensive loss | (8,188) | (8,345) | (7,661) | (6,828) | (8,631) | (8,729) | |||
| Accumulated deficit | (64,924) | (70,209) | (48,485) | (75,559) | (61,127) | (40,983) | |||
| Other undisclosed stockholders' equity attributable to parent | 21 | 21 | 20 | 20 | 20 | 21 | |||
| Total stockholders' equity: | 129,466 | 116,065 | 133,247 | 105,628 | 112,686 | 127,011 | |||
| TOTAL LIABILITIES AND EQUITY: | 350,787 | 322,804 | 317,174 | 299,817 | 280,890 | 286,413 | |||
Income statement (P&L) ($ in thousands)
| 7/31/2021 TTM | 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 307,865 | 310,772 | 333,016 | 305,018 | 277,973 | 277,852 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 305,018 | 277,973 | 277,852 | |
| Cost of revenue (Cost of Goods and Services Sold) | (125,372) | (139,909) | (155,884) | (149,425) | (130,851) | (126,562) | ||
| Gross profit: | 182,493 | 170,863 | 177,132 | 155,593 | 147,122 | 151,290 | ||
| Operating expenses | (169,795) | (176,551) | (167,559) | (158,667) | (143,758) | (141,119) | ||
| Operating income (loss): | 12,698 | (5,688) | 9,573 | (3,074) | 3,364 | 10,171 | ||
| Nonoperating income (expense) | (1,877) | 2,084 | 2,344 | (1,134) | 462 | 365 | ||
| Investment income, nonoperating | 923 | 2,782 | 2,600 | 1,547 | 696 | 320 | ||
| Other nonoperating income (expense) | (2,209) | (68) | 387 | (2,012) | 436 | 757 | ||
| Interest and debt expense | (591) | (630) | (643) | (669) | (670) | (712) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 591 | 630 | 643 | 669 | 670 | 712 | ||
| Income (loss) from continuing operations before income taxes: | 10,821 | (3,604) | 11,917 | (4,208) | 3,826 | 10,536 | ||
| Income tax expense (benefit) | 244 | (12,345) | (1,489) | (4,857) | (19,276) | (1,624) | ||
| Net income (loss) available to common stockholders, diluted: | 11,065 | (15,949) | 10,428 | (9,065) | (15,450) | 8,912 | ||
Comprehensive Income ($ in thousands)
| 7/31/2021 TTM | 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 11,065 | (15,949) | 10,428 | (9,065) | (15,450) | 8,912 | ||
| Comprehensive income (loss): | 11,065 | (15,949) | 10,428 | (9,065) | (15,450) | 8,912 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 157 | (684) | (833) | 1,803 | 98 | (1,311) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 11,222 | (16,633) | 9,595 | (7,262) | (15,352) | 7,601 | ||
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.