LSYN · Liberated Syndication Inc. - 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 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Revenue | $24.20M | $22.01M | $10.58M | $8.79M |
| Cost of Revenue | $3.49M | $3.33M | $2.38M | $2.81M |
| Gross Profit | $20.71M | $18.68M | $8.21M | $5.98M |
| R&D | - | $1.84M | $610.8K | $515.8K |
| SG&A | $8.49M | $6.07M | $2.99M | $2.92M |
| Total Operating Expenses | $20.52M | $17.93M | $13.77M | $3.20M |
| D&A | $2.91M | $3.01M | $24.7K | $24.7K |
| Operating Income | $3.68M | $4.08M | ($3.18M) | $2.78M |
| Interest Expense | $308.7K | $0 | - | - |
| Income Tax | ($789.8K) | $0 | $0 | - |
| Net Income | $2.83M | $3.79M | ($3.18M) | $2.78M |
| EPS - Basic | - | - | - | - |
| EPS - Diluted | - | - | - | - |
Balance Sheet
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Cash & Equivalents | $16.62M | $11.08M | $5.21M | $4.88M |
| Accounts Receivable | $549.0K | $481.9K | $660.1K | $385.3K |
| Inventory | - | - | - | - |
| Accounts Payable | $760.2K | $745.9K | $440.6K | $536.3K |
| Current Assets | $17.78M | $12.01M | $6.06M | $5.31M |
| Total Assets | $44.60M | $38.61M | $35.07M | $16.82M |
| Current Liabilities | $9.46M | $6.11M | $4.09M | $960.0K |
| Long-term Debt | $4.80M | $8.40M | $10.00M | - |
| Total Liabilities | $14.51M | $12.17M | $12.62M | $960.0K |
| Stockholders' Equity | $30.09M | $26.44M | $22.45M | $15.86M |
| Retained Earnings | ($5.18M) | ($8.60M) | ($12.39M) | ($9.20M) |
Cash Flow
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Operating Cash Flow | $7.57M | $8.00M | $3.59M | $3.09M |
| Investing Cash Flow | ($360.5K) | ($378.7K) | ($13.13M) | ($36.8K) |
| Financing Cash Flow | ($1.67M) | ($1.75M) | $9.88M | ($647.3K) |
| CapEx | $360.5K | $378.7K | $69.1K | $36.8K |
| Free Cash Flow | $7.21M | $7.62M | $3.52M | $3.05M |
Ratios
| Metric | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | 85.6% | 84.9% | 77.5% | 68.1% |
| Operating margin | 15.2% | 18.5% | -30.1% | 31.7% |
| EBITDA margin | 27.2% | 32.2% | -29.8% | 32.0% |
| Net margin | 11.7% | 17.2% | -30.1% | 31.7% |
| Free cash flow margin | 29.8% | 34.6% | 33.2% | 34.7% |
| FCF / Net income | 2.55 | 2.01 | -1.11 | 1.10 |
| R&D / Revenue | - | 8.4% | 5.8% | 5.9% |
| SG&A / Revenue | 35.1% | 27.6% | 28.2% | 33.2% |
| Effective tax rate | -38.6% | 0.0% | - | - |
| Return on assets | 6.4% | 9.8% | -9.1% | 16.6% |
| Return on equity | 9.4% | 14.3% | -14.2% | 17.6% |
| Return on invested capital | 10.5% | 11.7% | -7.7% | - |
| Liquidity | ||||
| Current ratio | 1.88 | 1.97 | 1.48 | 5.53 |
| Quick ratio | 1.88 | 1.97 | 1.48 | 5.53 |
| Cash ratio | 1.76 | 1.81 | 1.27 | 5.08 |
| Leverage | ||||
| Debt / Equity | 0.16 | 0.32 | 0.45 | - |
| Debt / Assets | 0.11 | 0.22 | 0.29 | - |
| Debt / EBITDA | 0.73 | 1.18 | - | - |
| Interest coverage | 11.9x | - | - | - |
| Equity multiplier | 1.48 | 1.46 | 1.56 | 1.06 |
| Liabilities / Assets | 0.33 | 0.32 | 0.36 | 0.06 |
| Efficiency | ||||
| Asset turnover | 0.54 | 0.57 | 0.30 | 0.52 |
| Inventory turnover | - | - | - | - |
| Days sales outstanding | 8d | 8d | 23d | 16d |
| Days inventory outstanding | - | - | - | - |
| Days payable outstanding | 79d | 82d | 68d | 70d |
| Cash conversion cycle | - | - | - | - |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | - | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | 10.0% | 108.0% | 20.4% | - |
| Revenue CAGR (3y) | 40.1% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | 10.9% | 127.6% | 37.1% | - |
| Operating income growth (YoY) | -9.8% | - | - | - |
| Net income growth (YoY) | -25.2% | - | - | - |
| EPS growth (YoY) | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | -5.3% | 116.6% | 15.3% | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | 13.8% | 17.8% | 41.5% | - |
Stability scores
Altman Z′
FY 2019 · bankruptcy risk
1.70
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 2019 · 9-point quality
5/9
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-Computer Processing & Data Preparation
Comparing Liberated Syndication Inc. against the 5 most active filers in the same SIC group.