ECOM · Channeladvisor Corp - 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 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $167.73M | $145.10M | $129.96M | $113.20M | $122.53M | $113.20M |
| Cost of Revenue | $38.23M | $30.35M | $29.01M | $31.07M | - | - |
| Gross Profit | $129.50M | $114.72M | $100.95M | $101.72M | $96.58M | $85.58M |
| R&D | $22.38M | $18.99M | $19.20M | $22.36M | $21.87M | $17.74M |
| SG&A | $27.43M | $23.74M | $25.14M | $26.78M | $27.80M | $25.08M |
| Total Operating Expenses | $110.57M | $95.63M | $97.15M | $109.22M | $113.16M | $99.42M |
| D&A | $6.57M | $6.51M | $6.34M | $6.09M | $6.58M | $7.84M |
| Operating Income | $18.93M | $19.08M | $3.80M | ($7.51M) | ($16.58M) | ($13.84M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | ($29.15M) | $443.0K | $689.0K | $614.0K | $284.0K | ($5.66M) |
| Net Income | $47.22M | $18.82M | $3.48M | ($7.60M) | ($16.56M) | ($8.01M) |
| EPS - Basic | $1.59 | $0.66 | ($0.63) | - | - | - |
| EPS - Diluted | $1.50 | $0.63 | ($0.63) | - | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $100.57M | $71.55M | $51.78M | $47.19M | $53.42M | $65.42M |
| Accounts Receivable | $28.89M | $24.70M | $22.13M | $23.44M | $27.45M | $19.45M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $1.46M | $158.0K | $409.0K | $1.60M | $7.24M | $4.71M |
| Current Assets | $144.95M | $110.12M | $84.36M | $79.87M | $97.34M | $95.84M |
| Total Assets | $239.97M | $180.66M | $146.87M | $134.27M | $140.51M | $139.16M |
| Current Liabilities | $48.87M | $43.01M | $36.42M | $38.73M | $51.47M | $43.70M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $51.77M | $50.57M | $47.22M | $44.63M | $58.60M | $52.16M |
| Stockholders' Equity | $188.20M | $130.09M | $99.65M | $89.64M | $81.91M | $87.00M |
| Retained Earnings | ($110.47M) | ($157.69M) | ($176.75M) | ($180.23M) | ($180.13M) | ($163.57M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $34.25M | $34.31M | $13.01M | $1.23M | ($3.00M) | $11.57M |
| Investing Cash Flow | ($5.00M) | ($13.21M) | ($3.71M) | ($2.94M) | ($5.26M) | ($1.96M) |
| Financing Cash Flow | ($16.0K) | ($1.46M) | ($4.62M) | ($4.09M) | ($4.14M) | ($3.90M) |
| CapEx | $1.61M | $1.70M | $986.0K | $2.04M | $2.79M | $1.75M |
| Free Cash Flow | $32.64M | $32.60M | $12.02M | ($815.0K) | ($5.79M) | $9.82M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 77.2% | 79.1% | 77.7% | 89.9% | 78.8% | 75.6% |
| Operating margin | 11.3% | 13.2% | 2.9% | -6.6% | -13.5% | -12.2% |
| EBITDA margin | 15.2% | 17.6% | 7.8% | -1.2% | -8.2% | -5.3% |
| Net margin | 28.1% | 13.0% | 2.7% | -6.7% | -13.5% | -7.1% |
| Free cash flow margin | 19.5% | 22.5% | 9.3% | -0.7% | -4.7% | 8.7% |
| FCF / Net income | 0.69 | 1.73 | 3.45 | 0.11 | 0.35 | -1.23 |
| R&D / Revenue | 13.3% | 13.1% | 14.8% | 19.8% | 17.8% | 15.7% |
| SG&A / Revenue | 16.4% | 16.4% | 19.3% | 23.7% | 22.7% | 22.2% |
| Effective tax rate | -161.4% | 2.3% | 16.5% | - | - | - |
| Return on assets | 19.7% | 10.4% | 2.4% | -5.7% | -11.8% | -5.8% |
| Return on equity | 25.1% | 14.5% | 3.5% | -8.5% | -20.2% | -9.2% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.97 | 2.56 | 2.32 | 2.06 | 1.89 | 2.19 |
| Quick ratio | 2.97 | 2.56 | 2.32 | 2.06 | 1.89 | 2.19 |
| Cash ratio | 2.06 | 1.66 | 1.42 | 1.22 | 1.04 | 1.50 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.28 | 1.39 | 1.47 | 1.50 | 1.72 | 1.60 |
| Liabilities / Assets | 0.22 | 0.28 | 0.32 | 0.33 | 0.42 | 0.37 |
| Efficiency | ||||||
| Asset turnover | 0.70 | 0.80 | 0.88 | 0.84 | 0.87 | 0.81 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 63d | 62d | 62d | 76d | 82d | 63d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 14d | 2d | 5d | 19d | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 15.6% | 11.7% | 14.8% | -7.6% | 8.2% | 12.5% |
| Revenue CAGR (3y) | 14.0% | 5.8% | 4.7% | 4.0% | 13.0% | 28.3% |
| Revenue CAGR (5y) | 8.2% | 7.6% | 8.9% | 16.1% | - | - |
| Gross profit growth (YoY) | 12.9% | 13.6% | -0.8% | 5.3% | 12.9% | 14.5% |
| Operating income growth (YoY) | -0.8% | 401.9% | - | 54.7% | -19.8% | 34.7% |
| Net income growth (YoY) | 150.8% | 440.6% | - | 54.1% | -106.8% | 61.8% |
| EPS growth (YoY) | 138.1% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 0.1% | 171.2% | - | 85.9% | - | - |
| FCF CAGR (5y) | 27.2% | - | - | - | - | - |
| Book value growth (YoY) | 44.7% | 30.5% | 11.2% | 9.4% | -5.8% | 3.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$335.46M totalMarketplaces$120.82M · 36.0%
Retailers$89.77M · 26.8%
Brands$66.62M · 19.9%
Digital Marketing$26.40M · 7.9%
Other Products$20.51M · 6.1%
Other$11.33M · 3.4%
Geographic
$182.13M totalUS$119.65M · 65.7%
Non Us$48.08M · 26.4%
GB$14.40M · 7.9%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
2.37
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 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-Prepackaged Software
Comparing CHANNELADVISOR CORP against the 5 most active filers in the same SIC group.