Quotient Technology Inc. (QUOT) Financial Statements (2023 and Earlier)

Company Profile

Business Address 1260 EAST STRINGHAM AVENUE
SALT LAKE CITY, UT 84106
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 731 - Advertising (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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments237,417222,752224,764322,766394,537175,346159,947
Cash and cash equivalents237,417222,752224,764302,028334,635106,174134,947
Short-term investments   20,73859,90269,17225,000
Receivables177,216137,649125,304112,10881,18971,94563,239
Other undisclosed current assets19,31218,54722,02610,0448,7376,2935,297
Total current assets:433,945378,948372,094444,918484,463253,584228,483
Noncurrent Assets
Operating lease, right-of-use asset23,87416,222 
Property, plant and equipment22,66017,26813,70415,57916,61016,37625,128
Intangible assets, net (including goodwill)141,430173,325198,179200,545126,99691,88258,775
Goodwill128,427128,427128,427118,82180,50643,89543,895
Intangible assets, net (excluding goodwill)13,00344,89869,75281,72446,49047,98714,880
Other noncurrent assets13,5711,0297,9611,3111,0069148,685
Total noncurrent assets:201,535207,844219,844217,435144,612109,17292,588
TOTAL ASSETS:635,480586,792591,938662,353629,075362,756321,071
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities38,24430,32734,34830,16720,00418,17023,424
Accounts payable18,02115,95919,11617,0606,0904,9688,187
Employee-related liabilities20,22314,36815,23213,10713,91413,20215,237
Deferred revenue26,77812,02710,903
Debt188,786  34   
Business combination, contingent consideration, liability22,2758,52427,000 18,500  
Deferred revenue and credits6,2766,8567,342
Other liabilities95,27970,62050,03253,25535,53820,86420,170
Other undisclosed current liabilities   8,652   
Total current liabilities:371,362121,498122,28392,10880,31845,89050,936
Noncurrent Liabilities
Long-term debt and lease obligation26,903177,168166,157155,719145,821  
Long-term debt, excluding current maturities 177,168166,157155,719145,821  
Operating lease, liability26,903  
Liabilities, other than long-term debt2,51341,09716,33934,4394,8955,1174,645
Deferred revenue and credits 2,285701
Deferred tax liabilities, net1,8541,6902,5692,532
Deferred income tax liabilities1,9911,853 
Other liabilities52218,3147,1193,6223,205785
Business combination, contingent consideration, liability 20,9309,22028,963 1851,407
Other undisclosed noncurrent liabilities  1,937    
Total noncurrent liabilities:29,416218,265184,433190,158150,7165,1174,645
Total liabilities:400,778339,763306,716282,266231,03451,00755,581
Stockholders' equity
Stockholders' equity attributable to parent234,702247,029285,222380,087398,041311,749265,490
Common stock1111111
Treasury stock, value     (96,574)(85,427)
Additional paid in capital731,672698,333671,060703,023686,025647,474570,588
Accumulated other comprehensive loss(1,099)(1,001)(916)(844)(700)(748)(747)
Accumulated deficit(495,872)(450,304)(384,923)(322,093)(287,285)(238,404)(218,925)
Total stockholders' equity:234,702247,029285,222380,087398,041311,749265,490
TOTAL LIABILITIES AND EQUITY:635,480586,792591,938662,353629,075362,756321,071

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues521,494445,887436,160386,958322,115275,190237,309
Cost of revenue(332,672)(277,914)(263,606)(206,230)(140,752)(114,870)(92,203)
Gross profit:188,822167,973172,554180,728181,363160,320145,106
Operating expenses(215,372)(219,254)(198,648)(186,764)(190,966)(186,503)(175,654)
Other undisclosed operating income (loss)  (1,571)(13,190)(5,515)6,450(1,231)
Operating loss:(26,550)(51,281)(27,665)(19,226)(15,118)(19,733)(31,779)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(210)1,1405,2234,801928495(22)
Interest and debt expense(15,177)(14,521)(13,955)(13,411)(1,589) (290)
Loss from continuing operations before equity method investments, income taxes:(41,937)(64,662)(36,397)(27,836)(15,779)(19,238)(32,091)
Other undisclosed income from continuing operations before income taxes      4,800
Loss from continuing operations before income taxes:(41,937)(64,662)(36,397)(27,836)(15,779)(19,238)(27,291)
Income tax expense (benefit)(3,631)(719)(660)(482)702(241)561
Net loss available to common stockholders, diluted:(45,568)(65,381)(37,057)(28,318)(15,077)(19,479)(26,730)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(45,568)(65,381)(37,057)(28,318)(15,077)(19,479)(26,730)
Comprehensive loss:(45,568)(65,381)(37,057)(28,318)(15,077)(19,479)(26,730)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(98)(85)(72)(144)48(1)(746)
Comprehensive loss, net of tax, attributable to parent:(45,666)(65,466)(37,129)(28,462)(15,029)(19,480)(27,476)

Statements Sources

The financial statements are based on the Company's filings with 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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