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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.29M | $6.53M | $8.14M | - | $8.41M | $10.39M | $9.73M | - | $10.65M | $10.67M |
| Cost of Revenue | $8.30M | $5.15M | $6.86M | - | $7.27M | $8.79M | $8.25M | - | $9.32M | $9.48M |
| Gross Profit | $995.0K | $1.37M | $1.28M | - | $1.14M | $1.60M | $1.48M | - | $1.33M | $1.19M |
| R&D | $297.0K | $283.0K | $284.0K | - | $259.0K | $256.0K | $261.0K | - | $408.0K | $365.0K |
| SG&A | $2.25M | $1.74M | $1.45M | - | $2.03M | $2.02M | $2.14M | - | $1.79M | $2.15M |
| Total Operating Expenses | $2.55M | $2.02M | $1.73M | - | $2.29M | $2.28M | $2.40M | - | $2.19M | $2.51M |
| D&A | - | - | $133.0K | - | - | - | $88.0K | - | - | - |
| Operating Income | ($1.55M) | ($652.0K) | ($448.0K) | - | ($1.15M) | ($679.0K) | ($920.0K) | - | ($866.0K) | ($1.32M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $0 | $0 | $0 | - | $0 | $0 | $0 | - | $0 | $0 |
| Net Income | ($1.13M) | ($260.0K) | ($71.0K) | - | ($1.13M) | ($625.0K) | ($888.0K) | - | ($895.0K) | $293.0K |
| EPS - Basic | ($0.06) | ($0.01) | $0.00 | - | ($0.05) | ($0.03) | ($0.05) | - | ($0.05) | $0.02 |
| EPS - Diluted | - | - | - | - | - | ($0.03) | - | - | ($0.05) | $0.02 |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.82M | $13.31M | $7.52M | $35.41M | $26.16M | $37.62M | $39.22M | $39.53M | $41.03M | $8.89M |
| Accounts Receivable | $5.70M | $4.34M | $4.76M | $3.98M | $4.61M | $5.62M | $4.79M | $4.91M | $5.99M | $6.32M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $290.0K | $247.0K | $165.0K | $414.0K | $329.0K | $343.0K | $608.0K | $426.0K | $400.0K | $263.0K |
| Current Assets | $38.31M | $38.51M | $39.55M | $40.04M | $42.28M | $44.24M | $45.07M | $45.41M | $47.95M | $16.34M |
| Total Assets | $39.54M | $40.36M | $41.55M | $42.17M | $44.46M | $46.50M | $47.39M | $47.76M | $50.34M | $18.75M |
| Current Liabilities | $5.18M | $4.95M | $5.56M | $5.71M | $6.65M | $7.60M | $7.71M | $7.08M | $8.83M | $8.08M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $33.52M | $34.50M | $35.00M | $35.40M | $36.66M | $37.61M | $38.24M | $39.13M | $39.84M | $8.89M |
| Retained Earnings | ($137.57M) | ($136.44M) | ($136.18M) | ($136.11M) | ($134.89M) | ($133.76M) | ($133.14M) | ($132.25M) | ($131.47M) | ($130.57M) |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($1.47M) | - | - | - | ($438.0K) | - | - | - |
| Investing Cash Flow | - | - | ($26.08M) | - | - | - | ($138.0K) | - | - | - |
| Financing Cash Flow | - | - | ($341.0K) | - | - | - | ($72.0K) | - | - | - |
| CapEx | - | - | $57.0K | - | - | - | $138.0K | - | - | - |
| Free Cash Flow | - | - | ($1.53M) | - | - | - | ($576.0K) | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 10.7% | 21.0% | 15.8% | - | 13.5% | 15.4% | 15.2% | - | 12.5% | 11.2% |
| Operating margin | -16.7% | -10.0% | -5.5% | - | -13.7% | -6.5% | -9.5% | - | -8.1% | -12.4% |
| EBITDA margin | - | - | -3.9% | - | - | - | -8.5% | - | - | - |
| Net margin | -12.2% | -4.0% | -0.9% | - | -13.4% | -6.0% | -9.1% | - | -8.4% | 2.7% |
| Free cash flow margin | - | - | -18.8% | - | - | - | -5.9% | - | - | - |
| FCF / Net income | - | - | 21.51 | - | - | - | 0.65 | - | - | - |
| R&D / Revenue | 3.2% | 4.3% | 3.5% | - | 3.1% | 2.5% | 2.7% | - | 3.8% | 3.4% |
| SG&A / Revenue | 24.2% | 26.7% | 17.8% | - | 24.1% | 19.5% | 22.0% | - | 16.8% | 20.1% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | 0.0% |
| Return on assets | -2.9% | -0.6% | -0.2% | - | -2.5% | -1.3% | -1.9% | - | -1.8% | 1.6% |
| Return on equity | -3.4% | -0.8% | -0.2% | - | -3.1% | -1.7% | -2.3% | - | -2.2% | 3.3% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 7.39 | 7.78 | 7.11 | 7.01 | 6.36 | 5.82 | 5.84 | 6.42 | 5.43 | 2.02 |
| Quick ratio | 7.39 | 7.78 | 7.11 | 7.01 | 6.36 | 5.82 | 5.84 | 6.42 | 5.43 | 2.02 |
| Cash ratio | 1.70 | 2.69 | 1.35 | 6.20 | 3.94 | 4.95 | 5.09 | 5.59 | 4.65 | 1.10 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.18 | 1.17 | 1.19 | 1.19 | 1.21 | 1.24 | 1.24 | 1.22 | 1.26 | 2.11 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | 0.16 | 0.20 | - | 0.19 | 0.22 | 0.21 | - | 0.21 | 0.57 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 224d | 243d | 214d | - | 200d | 197d | 180d | - | 205d | 216d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 13d | 17d | 9d | - | 17d | 14d | 27d | - | 16d | 10d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 10.5% | -37.2% | -16.3% | - | -21.0% | -2.6% | -2.4% | - | 2.2% | 19.6% |
| Revenue CAGR (3y) | -3.7% | -9.9% | -21.3% | - | -16.9% | -9.8% | -13.6% | - | -13.9% | -17.8% |
| Revenue CAGR (5y) | -11.1% | -19.4% | -17.0% | - | -15.6% | -11.2% | -15.7% | - | -13.9% | -14.0% |
| Gross profit growth (YoY) | -12.3% | -14.2% | -13.4% | - | -14.5% | 34.1% | -6.8% | - | -29.7% | 14.0% |
| Operating income growth (YoY) | -34.5% | 4.0% | 51.3% | - | -33.3% | 48.6% | -8.1% | - | -527.5% | -22.9% |
| Net income growth (YoY) | -0.7% | 58.4% | 92.0% | - | -25.7% | - | -3.3% | - | -558.1% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | -400.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | -165.1% | - | - | - | 77.8% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -8.6% | -8.3% | -8.5% | -9.5% | -8.0% | 323.3% | 380.3% | 352.3% | 362.0% | 5.4% |
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%
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing BSQUARE CORP /WA against the 5 most active filers in the same SIC group.