BSQR · Bsquare Corp /Wa - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $36.49M | $40.37M | $47.14M | $59.28M | $73.41M | $80.81M |
| Cost of Revenue | $31.03M | $34.95M | $39.42M | $49.19M | $57.90M | $62.69M |
| Gross Profit | $5.45M | $5.42M | $7.73M | $10.10M | $15.51M | $18.12M |
| R&D | $1.04M | $1.30M | $266.0K | $5.75M | $8.63M | $6.56M |
| SG&A | $8.47M | $8.00M | $9.31M | $11.32M | $17.07M | $20.98M |
| Total Operating Expenses | $9.72M | $9.31M | $9.58M | $19.41M | $29.44M | $27.54M |
| D&A | $435.0K | $485.0K | $633.0K | $799.0K | $541.0K | $536.0K |
| Operating Income | ($4.27M) | ($3.89M) | ($1.85M) | ($9.31M) | ($13.93M) | ($9.42M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $0 | $0 | - | $16.0K | $13.0K | ($149.0K) |
| Net Income | ($3.86M) | ($2.24M) | ($1.89M) | ($9.18M) | ($13.74M) | ($9.06M) |
| EPS - Basic | ($0.19) | ($0.13) | ($0.14) | ($0.71) | ($1.08) | ($0.72) |
| EPS - Diluted | - | ($0.13) | ($0.14) | ($0.71) | ($1.08) | ($0.72) |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $35.41M | $39.53M | $12.62M | $7.71M | $10.01M | $12.86M |
| Accounts Receivable | $3.98M | $4.91M | $6.18M | $9.22M | $11.58M | $18.01M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $414.0K | $426.0K | $489.0K | $408.0K | $565.0K | $375.0K |
| Current Assets | $40.04M | $45.41M | $20.00M | $20.52M | $30.00M | $44.25M |
| Total Assets | $42.17M | $47.76M | $22.28M | $23.05M | $31.99M | $49.43M |
| Current Liabilities | $5.71M | $7.08M | $11.34M | $11.20M | $12.47M | $17.43M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $35.40M | $39.13M | $8.65M | $9.70M | $18.34M | $31.43M |
| Retained Earnings | ($136.11M) | ($132.25M) | ($130.08M) | ($128.19M) | ($119.01M) | ($105.28M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.72M) | ($4.37M) | $1.06M | ($6.00M) | ($8.22M) | ($8.22M) |
| Investing Cash Flow | ($442.0K) | ($474.0K) | $1.98M | $3.86M | $6.55M | $6.55M |
| Financing Cash Flow | ($259.0K) | $32.00M | $1.58M | - | - | - |
| CapEx | $522.0K | $474.0K | $274.0K | $418.0K | $463.0K | $439.0K |
| Free Cash Flow | ($4.24M) | ($4.84M) | $788.0K | ($6.41M) | ($8.69M) | ($8.66M) |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 14.9% | 13.4% | 16.4% | 17.0% | 21.1% | 22.4% |
| Operating margin | -11.7% | -9.6% | -3.9% | -15.7% | -19.0% | -11.7% |
| EBITDA margin | -10.5% | -8.4% | -2.6% | -14.4% | -18.2% | -11.0% |
| Net margin | -10.6% | -5.6% | -4.0% | -15.5% | -18.7% | -11.2% |
| Free cash flow margin | -11.6% | -12.0% | 1.7% | -10.8% | -11.8% | -10.7% |
| FCF / Net income | 1.10 | 2.16 | -0.42 | 0.70 | 0.63 | 0.96 |
| R&D / Revenue | 2.9% | 3.2% | 0.6% | 9.7% | 11.8% | 8.1% |
| SG&A / Revenue | 23.2% | 19.8% | 19.8% | 19.1% | 23.3% | 26.0% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -9.1% | -4.7% | -8.5% | -39.8% | -42.9% | -18.3% |
| Return on equity | -10.9% | -5.7% | -21.8% | -94.7% | -74.9% | -28.8% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 7.01 | 6.42 | 1.76 | 1.83 | 2.41 | 2.54 |
| Quick ratio | 7.01 | 6.42 | 1.76 | 1.83 | 2.41 | 2.54 |
| Cash ratio | 6.20 | 5.59 | 1.11 | 0.69 | 0.80 | 0.74 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.19 | 1.22 | 2.58 | 2.38 | 1.74 | 1.57 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.87 | 0.85 | 2.12 | 2.57 | 2.29 | 1.63 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 40d | 44d | 48d | 57d | 58d | 81d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 5d | 4d | 5d | 3d | 4d | 2d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -9.6% | -14.4% | -20.5% | -19.2% | -9.2% | -17.1% |
| Revenue CAGR (3y) | -14.9% | -18.1% | -16.4% | -15.3% | -8.5% | -5.6% |
| Revenue CAGR (5y) | -14.7% | -16.2% | -13.2% | -9.2% | -4.4% | -4.4% |
| Gross profit growth (YoY) | 0.7% | -29.9% | -23.5% | -34.9% | -14.4% | 14.6% |
| Operating income growth (YoY) | -9.6% | -109.9% | 80.1% | 33.1% | -47.9% | -713.6% |
| Net income growth (YoY) | -72.1% | -18.7% | 79.4% | 33.2% | -51.7% | -761.0% |
| EPS growth (YoY) | - | 7.1% | 80.3% | 34.3% | -50.0% | -700.0% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 12.3% | - | - | 26.2% | -0.3% | - |
| FCF CAGR (5y) | - | - | -21.3% | - | - | - |
| Book value growth (YoY) | -9.5% | 352.3% | -10.8% | -47.1% | -41.6% | -17.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$40.37M totalPartner Solutions$36.52M · 90.5%
Edge To Cloud$3.85M · 9.5%
Geographic
$36.52M totalNorth America$31.23M · 85.5%
Asia$4.93M · 13.5%
Europe$360.0K · 1.0%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing BSQUARE CORP /WA against the 5 most active filers in the same SIC group.