SharpSpring, Inc. (SHSP) financial statements (2022 and earlier)

Company profile

Business Address 5001 CELEBRATION POINTE AVENUE
GAINESVILLE, FL 32608
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,26811,8829,3215,4008,6514,1592,826
Cash and cash equivalents28,26811,8829,3215,4008,6514,1592,826
Receivables1,6261,3538442,7732,6171,587723
Deferred tax assets    241
Other current assets1,4341,3631,1842681,397251198
Other undisclosed current assets     17 
Total current assets:31,32714,59911,3498,44012,6656,0133,987
Noncurrent Assets
Operating lease, right-of-use asset8,3525,282
Property, plant and equipment2,1891,9971,261799905817282
Intangible assets, net (including goodwill)10,25010,9238,8668,8738,8458,88216,796
Goodwill10,25010,9238,8668,8738,8458,8828,901
Intangible assets, net (excluding goodwill)      7,895
Deposits noncurrent assets   25301130
Other noncurrent assets612549665    
Deferred tax assets, net  33  
Other undisclosed noncurrent assets4,0164,6581,8662,3262,8515,518613
Total noncurrent assets:25,41923,40812,65812,02312,66515,22917,721
TOTAL ASSETS:56,74638,00724,00720,46325,33021,24221,708
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1562,9862,4121,3021,9361,745768
Accounts payable1,0752,0531,613505499609397
Accrued liabilities 9197756269531,099356
Taxes payable8114241714843615
Deferred revenue845861
Debt5,256370     
Deferred revenue and credits2802808951,006
Deferred tax liabilities   82
Other undisclosed current liabilities1,260 251  5,191 
Total current liabilities:8,5174,2172,6631,5822,2167,8391,776
Noncurrent Liabilities
Long-term debt and lease obligation8,5404,977214    
Long-term debt, excluding current maturities769 214    
Operating lease, liability7,7724,977
Liabilities, other than long-term debt   168195  
Deferred tax liabilities, net 168195  
Other undisclosed noncurrent liabilities  8,342   7,679
Total noncurrent liabilities:8,5404,9778,557168195 7,679
Total liabilities:17,0579,19311,2201,7502,4127,8399,455
Stockholders' equity
Stockholders' equity attributable to parent39,68928,81312,78818,71322,91813,40312,252
Common stock131298875
Treasury stock, value(84)(84)(84)(84)(84)  
Additional paid in capital75,54558,85130,44728,36227,55622,60713,249
Accumulated other comprehensive loss(215)(225)(231)(481)(445)(143)(178)
Accumulated deficit(35,570)(29,741)(17,353)(9,093)(4,117)(9,068)(824)
Total stockholders' equity:39,68928,81312,78818,71322,91813,40312,252
TOTAL LIABILITIES AND EQUITY:56,74638,00724,00720,46325,33021,24221,708

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues29,28822,69918,65213,44911,54214,5897,499
Cost of revenue(8,063)(7,142)(5,798)(4,997)(4,462)(3,951)(1,716)
Gross profit:21,22515,55712,8538,4527,07910,6385,784
Operating expenses(28,540)(25,820)(21,717)(15,741)(15,107)(18,189)(6,740)
Operating loss:(7,315)(10,263)(8,864)(7,289)(8,027)(7,551)(956)
Nonoperating income (expense)(20)(147)(545)209442(232)(16)
Investment income, nonoperating 214(400)    
Foreign currency transaction gain, before tax48      
Interest and debt expense (2,163)(758)    
Loss from continuing operations before equity method investments, income taxes:(7,335)(12,573)(10,168)(7,079)(7,585)(7,782)(972)
Other undisclosed income from continuing operations before income taxes 214358    
Loss from continuing operations before income taxes:(7,335)(12,359)(9,810)(7,079)(7,585)(7,782)(972)
Income tax expense (benefit)1,506(29)3312,1041,869(462)131
Loss from continuing operations:(5,829)(12,388)(9,479)(4,975)(5,716)(8,244)(841)
Income from discontinued operations    8,202  
Net income (loss):(5,829)(12,388)(9,479)(4,975)2,486(8,244)(841)
Other undisclosed net income attributable to parent    2,465  
Net income (loss) available to common stockholders, diluted:(5,829)(12,388)(9,479)(4,975)4,951(8,244)(841)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(5,829)(12,388)(9,479)(4,975)2,486(8,244)(841)
Other comprehensive income (loss)  250(36)(302)  
Comprehensive income (loss):(5,829)(12,388)(9,229)(5,011)2,184(8,244)(841)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent106  2,46535(178)
Comprehensive income (loss), net of tax, attributable to parent:(5,820)(12,382)(9,229)(5,011)4,649(8,209)(1,019)

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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