PFSW · Pfsweb 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 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $295.12M | $277.30M | $342.50M | $294.02M | $326.16M | $326.82M |
| Cost of Revenue | $251.18M | $227.06M | $259.10M | $219.80M | $240.86M | $246.25M |
| Gross Profit | $43.94M | $50.24M | $83.41M | $74.22M | $85.30M | $80.58M |
| R&D | - | - | - | - | - | - |
| SG&A | $63.96M | $61.04M | $85.35M | $73.33M | $78.80M | $79.98M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $7.56M | $8.07M | $8.67M | $10.37M | $11.37M | $14.90M |
| Operating Income | ($20.01M) | ($10.80M) | ($1.95M) | $887.0K | $6.50M | $598.0K |
| Interest Expense | - | $879.0K | $1.49M | $1.90M | $2.50M | $2.74M |
| Income Tax | $1.62M | $1.53M | $2.07M | $1.16M | $2.77M | $1.82M |
| Net Income | ($16.56M) | $147.23M | ($5.50M) | ($2.17M) | $1.23M | ($3.96M) |
| EPS - Basic | ($0.73) | $6.87 | ($0.28) | ($0.11) | ($0.21) | - |
| EPS - Diluted | ($0.73) | $6.87 | ($0.28) | ($0.11) | ($0.21) | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $30.03M | $152.33M | $10.75M | $12.43M | $15.42M | $19.08M |
| Accounts Receivable | $82.54M | $78.02M | $80.78M | $72.26M | $72.42M | $72.06M |
| Inventory | $0 | $3.13M | $3.64M | $3.28M | $6.09M | $5.33M |
| Accounts Payable | $38.52M | $36.45M | $35.65M | $44.64M | $47.58M | $45.07M |
| Current Assets | $129.82M | $247.95M | $108.57M | $98.47M | $105.09M | $108.68M |
| Total Assets | $204.66M | $326.47M | $213.16M | $203.61M | $177.07M | $185.79M |
| Current Liabilities | $87.75M | $82.81M | $84.55M | $84.20M | $82.14M | $94.98M |
| Long-term Debt | - | - | $41.49M | - | - | - |
| Total Liabilities | $118.44M | $116.69M | $160.80M | $156.77M | $130.49M | $144.49M |
| Stockholders' Equity | $86.22M | $209.78M | $52.36M | $46.84M | $46.58M | $41.30M |
| Retained Earnings | ($90.89M) | $33.52M | ($115.45M) | ($109.94M) | ($107.77M) | ($109.28M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($7.58M) | ($42.65M) | $1.80M | $10.86M | $11.05M | $11.05M |
| Investing Cash Flow | ($10.31M) | $228.79M | ($4.19M) | ($3.75M) | ($4.59M) | ($4.59M) |
| Financing Cash Flow | ($103.78M) | ($44.50M) | $211.0K | ($9.40M) | ($14.71M) | ($14.71M) |
| CapEx | $10.36M | $7.61M | $4.20M | $3.91M | $4.94M | $4.65M |
| Free Cash Flow | ($17.93M) | ($50.27M) | ($2.40M) | $6.95M | $6.12M | $6.40M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 14.9% | 18.1% | 24.4% | 25.2% | 26.2% | 24.7% |
| Operating margin | -6.8% | -3.9% | -0.6% | 0.3% | 2.0% | 0.2% |
| EBITDA margin | -4.2% | -1.0% | 2.0% | 3.8% | 5.5% | 4.7% |
| Net margin | -5.6% | 53.1% | -1.6% | -0.7% | 0.4% | -1.2% |
| Free cash flow margin | -6.1% | -18.1% | -0.7% | 2.4% | 1.9% | 2.0% |
| FCF / Net income | 1.08 | -0.34 | 0.44 | -3.20 | 4.98 | -1.61 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 21.7% | 22.0% | 24.9% | 24.9% | 24.2% | 24.5% |
| Effective tax rate | - | 1.0% | - | - | 69.3% | - |
| Return on assets | -8.1% | 45.1% | -2.6% | -1.1% | 0.7% | -2.1% |
| Return on equity | -19.2% | 70.2% | -10.5% | -4.6% | 2.6% | -9.6% |
| Return on invested capital | - | - | -1.6% | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.48 | 2.99 | 1.28 | 1.17 | 1.28 | 1.14 |
| Quick ratio | 1.48 | 2.96 | 1.24 | 1.13 | 1.21 | 1.09 |
| Cash ratio | 0.34 | 1.84 | 0.13 | 0.15 | 0.19 | 0.20 |
| Leverage | ||||||
| Debt / Equity | - | - | 0.79 | - | - | - |
| Debt / Assets | - | - | 0.19 | - | - | - |
| Debt / EBITDA | - | - | 6.17 | - | - | - |
| Interest coverage | - | -12.3x | -1.3x | 0.5x | 2.6x | 0.2x |
| Equity multiplier | 2.37 | 1.56 | 4.07 | 4.35 | 3.80 | 4.50 |
| Liabilities / Assets | 0.58 | 0.36 | 0.75 | 0.77 | 0.74 | 0.78 |
| Efficiency | ||||||
| Asset turnover | 1.44 | 0.85 | 1.61 | 1.44 | 1.84 | 1.76 |
| Inventory turnover | - | 72.48 | 71.10 | 66.99 | 39.55 | 46.23 |
| Days sales outstanding | 102d | 103d | 86d | 90d | 81d | 80d |
| Days inventory outstanding | 0d | 5d | 5d | 5d | 9d | 8d |
| Days payable outstanding | 56d | 59d | 50d | 74d | 72d | 67d |
| Cash conversion cycle | 46d | 49d | 41d | 21d | 18d | 22d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 6.4% | -19.0% | 16.5% | -9.9% | -0.2% | -2.3% |
| Revenue CAGR (3y) | 0.1% | -5.3% | 1.6% | -4.2% | 4.2% | 9.8% |
| Revenue CAGR (5y) | -2.0% | -3.7% | 3.5% | 3.5% | 6.2% | 3.0% |
| Gross profit growth (YoY) | -12.5% | -39.8% | 12.4% | -13.0% | 5.9% | 9.7% |
| Operating income growth (YoY) | -85.3% | -455.4% | - | -86.3% | 986.5% | - |
| Net income growth (YoY) | - | - | -153.6% | - | - | 47.4% |
| EPS growth (YoY) | - | - | -154.5% | 47.6% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 64.3% | -1994.4% | - | 13.6% | -4.4% | 40.5% |
| FCF CAGR (5y) | - | - | - | 38.1% | - | -14.3% |
| Book value growth (YoY) | -58.9% | 300.6% | 11.8% | 0.6% | 12.8% | 2.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$277.30M totalService Fee Revenue$195.52M · 70.5%
Pass Through Revenue$64.17M · 23.1%
Product Revenue Net$17.61M · 6.4%
Geographic
$277.30M totalUS$226.10M · 81.5%
Europe$45.38M · 16.4%
CA$5.82M · 2.1%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
1.21
Distress
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 2022 · 9-point quality
2/9
Weak
- ✗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 PFSWEB INC against the 5 most active filers in the same SIC group.