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 142,501136,717140,613147,023145,082137,731
Cash and cash equivalents 142,501136,717139,413147,023145,082137,731
Short-term investments   1,200   
Receivables 84,39583,10581,83283,73170,36966,714
Prepaid expense 5,2286,1406,5975,8474,8795,789
Contract with customer, asset 2,0141,595 
Capitalized contract cost 513543 
Deferred costs 8,0528,0968,0078,3308,1947,849
Assets held-for-sale, not part of disposal group  1,634    
Deferred tax assets   8,203
Other current assets 9098461,2101,4661,3501,184
Other undisclosed current assets 4,4213,9616,081   
Total current assets: 248,033242,637244,340246,397229,874227,470
Noncurrent Assets
Finance lease, right-of-use asset 327175
Operating lease, right-of-use asset 20,68918,154
Property, plant and equipment 25,59828,68729,62130,40830,87232,080
Intangible assets, net (including goodwill) 27,69413,37313,65611,02310,97311,718
Goodwill 25,33612,38812,42311,02310,55810,645
Intangible assets, net (excluding goodwill) 2,3589851,233 4151,073
Contract with customer, asset, net 103214 
Deferred income tax assets 8,5265,834
Other noncurrent assets 14,29813,00713,0203,0552,6882,746
Deferred tax assets, net  6,16611,919
Other undisclosed noncurrent assets 5,51972316,5378,934317480
Total noncurrent assets: 102,75480,16772,83453,42051,01658,943
TOTAL ASSETS: 350,787322,804317,174299,817280,890286,413
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 10,8989,8409,90214,81811,31610,811
Accounts payable 5,7336,1556,5449,3467,3926,648
Taxes payable 5,1653,6853,3585,4723,9244,163
Deferred revenue 125,724118,413
Debt 527503487466446422
Deferred revenue and credits116,693104,12597,911
Contract with customer, liability115,253
Other liabilities 37,43139,90040,34843,46033,63631,535
Other undisclosed current liabilities 4,9044,371    
Total current liabilities: 179,484173,027165,990175,437149,523140,679
Noncurrent Liabilities
Long-term debt and lease obligation 11,82512,34112,83613,31313,76714,258
Long-term debt, excluding current maturities 11,82512,34112,83613,31313,76714,258
Liabilities, other than long-term debt 12,5026,9915,1015,4394,9144,465
Other liabilities 12,5026,7595,1015,4394,9144,465
Derivative instruments and hedges, liabilities  232    
Other undisclosed noncurrent liabilities 17,51014,380    
Total noncurrent liabilities: 41,83733,71217,93718,75218,68118,723
Total liabilities: 221,321206,739183,927194,189168,204159,402
Stockholders' equity
Stockholders' equity attributable to parent, including: 129,466116,065133,247105,628112,686127,011
Treasury stock, value (3,073)(3,226)(7,350)(12,461)(15,170)(18,717)
Additional paid in capital 205,630197,824196,723200,456197,594195,419
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 212120202021
Total stockholders' equity: 129,466116,065133,247105,628112,686127,011
TOTAL LIABILITIES AND EQUITY: 350,787322,804317,174299,817280,890286,413

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 307,865310,772333,016305,018277,973277,852
Revenue, net305,018277,973277,852
Cost of revenue
(Cost of Goods and Services Sold)
 (125,372)(139,909)(155,884)(149,425)(130,851)(126,562)
Gross profit: 182,493170,863177,132155,593147,122151,290
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)3,36410,171
Nonoperating income (expense) (1,877)2,0842,344(1,134)462365
Investment income, nonoperating 9232,7822,6001,547696320
Other nonoperating income (expense) (2,209)(68)387(2,012)436757
Interest and debt expense (591)(630)(643)(669)(670)(712)
Other undisclosed income from continuing operations before equity method investments, income taxes 591630643669670712
Income (loss) from continuing operations before income taxes: 10,821(3,604)11,917(4,208)3,82610,536
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)1,80398(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.

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