RNWK · Realnetworks 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 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $58.18M | $68.06M | $172.11M | $81.48M | $78.72M | $120.47M |
| Cost of Revenue | $13.76M | $16.46M | $103.13M | $27.55M | $23.16M | $64.97M |
| Gross Profit | $44.43M | $51.60M | $68.99M | $51.78M | $55.55M | $55.50M |
| R&D | $23.13M | $24.32M | $34.85M | $30.79M | $29.71M | $29.92M |
| SG&A | $17.56M | $17.33M | $31.30M | $20.71M | $21.00M | $27.41M |
| Total Operating Expenses | $65.30M | $56.62M | $101.43M | $74.05M | $76.19M | $92.67M |
| D&A | $749.0K | $944.0K | $5.83M | $2.13M | $2.94M | $7.06M |
| Operating Income | ($20.87M) | ($5.02M) | ($32.44M) | ($22.27M) | ($20.63M) | ($37.17M) |
| Interest Expense | $168.0K | $20.0K | $0 | - | - | - |
| Income Tax | $479.0K | $55.0K | $1.07M | $2.20M | ($2.78M) | $1.12M |
| Net Income | ($21.98M) | ($4.85M) | ($20.00M) | ($24.99M) | ($16.30M) | ($36.55M) |
| EPS - Basic | ($0.50) | ($0.13) | ($0.53) | ($0.66) | ($0.44) | ($0.99) |
| EPS - Diluted | ($0.50) | ($0.13) | ($0.53) | ($0.66) | ($0.44) | ($0.99) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $27.11M | $23.94M | $16.80M | $35.56M | $51.20M | $33.72M |
| Accounts Receivable | $9.56M | $10.23M | $29.51M | $11.75M | $12.69M | $22.16M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $2.58M | $2.75M | $4.93M | $3.91M | $3.79M | $18.23M |
| Current Assets | $41.63M | $47.81M | $54.58M | $53.58M | $94.26M | $104.88M |
| Total Assets | $69.31M | $81.76M | $159.75M | $80.32M | $121.50M | $130.44M |
| Current Liabilities | $18.48M | $22.72M | $96.18M | $20.10M | $39.10M | $38.58M |
| Long-term Debt | $0 | $2.90M | $3.90M | - | - | - |
| Total Liabilities | $23.23M | $35.87M | $121.48M | $23.48M | $42.32M | $41.86M |
| Stockholders' Equity | $46.07M | $46.15M | $38.77M | $56.84M | $79.17M | $88.58M |
| Retained Earnings | ($570.84M) | ($548.86M) | ($544.01M) | ($524.01M) | ($500.04M) | ($483.74M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($15.04M) | ($10.64M) | ($25.37M) | ($19.22M) | ($21.35M) | ($24.33M) |
| Investing Cash Flow | $746.0K | ($2.57M) | $11.08M | $3.80M | $37.12M | $11.55M |
| Financing Cash Flow | $17.96M | $15.98M | ($623.0K) | ($62.0K) | ($117.0K) | ($345.0K) |
| CapEx | $466.0K | $408.0K | $1.19M | $765.0K | $734.0K | $2.44M |
| Free Cash Flow | ($15.51M) | ($11.05M) | ($26.56M) | ($19.99M) | ($22.08M) | ($26.77M) |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 76.4% | 75.8% | 40.1% | 63.6% | 70.6% | 46.1% |
| Operating margin | -35.9% | -7.4% | -18.8% | -27.3% | -26.2% | -30.9% |
| EBITDA margin | -34.6% | -6.0% | -15.5% | -24.7% | -22.5% | -25.0% |
| Net margin | -37.8% | -7.1% | -11.6% | -30.7% | -20.7% | -30.3% |
| Free cash flow margin | -26.7% | -16.2% | -15.4% | -24.5% | -28.1% | -22.2% |
| FCF / Net income | 0.71 | 2.28 | 1.33 | 0.80 | 1.35 | 0.73 |
| R&D / Revenue | 39.8% | 35.7% | 20.2% | 37.8% | 37.7% | 24.8% |
| SG&A / Revenue | 30.2% | 25.5% | 18.2% | 25.4% | 26.7% | 22.8% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -31.7% | -5.9% | -12.5% | -31.1% | -13.4% | -28.0% |
| Return on equity | -47.7% | -10.5% | -51.6% | -44.0% | -20.6% | -41.3% |
| Return on invested capital | -35.8% | -8.1% | -60.1% | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.25 | 2.10 | 0.57 | 2.67 | 2.41 | 2.72 |
| Quick ratio | 2.25 | 2.10 | 0.57 | 2.67 | 2.41 | 2.72 |
| Cash ratio | 1.47 | 1.05 | 0.17 | 1.77 | 1.31 | 0.87 |
| Leverage | ||||||
| Debt / Equity | 0.00 | 0.06 | 0.10 | - | - | - |
| Debt / Assets | 0.00 | 0.04 | 0.02 | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -124.2x | -251.2x | - | - | - | - |
| Equity multiplier | 1.50 | 1.77 | 4.12 | 1.41 | 1.53 | 1.47 |
| Liabilities / Assets | 0.34 | 0.44 | 0.76 | 0.29 | 0.35 | 0.32 |
| Efficiency | ||||||
| Asset turnover | 0.84 | 0.83 | 1.08 | 1.01 | 0.65 | 0.92 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 60d | 55d | 63d | 53d | 59d | 67d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 68d | 61d | 17d | 52d | 60d | 102d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -14.5% | -60.5% | 111.2% | 3.5% | -34.7% | -3.9% |
| Revenue CAGR (3y) | -10.6% | -4.7% | 12.6% | -13.4% | -20.4% | -16.4% |
| Revenue CAGR (5y) | -13.5% | -11.5% | 2.0% | -16.9% | -21.2% | -26.5% |
| Gross profit growth (YoY) | -13.9% | -25.2% | 33.2% | -6.8% | 0.1% | 0.9% |
| Operating income growth (YoY) | -315.5% | 84.5% | -45.7% | -7.9% | 44.5% | 46.3% |
| Net income growth (YoY) | -353.0% | 75.7% | 20.0% | -53.3% | 55.4% | 55.3% |
| EPS growth (YoY) | -284.6% | 75.5% | 19.7% | -50.0% | 55.6% | 56.2% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -40.4% | 58.4% | -32.9% | 9.5% | 17.5% | 61.9% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -0.2% | 19.0% | -31.8% | -28.2% | -10.6% | -26.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$58.18M totalGames$24.09M · 41.4%
Mobile Services$23.79M · 40.9%
Consumer Media$10.30M · 17.7%
Product / service
$10.30M totalSoftware License$5.08M · 49.3%
Subscription Services$3.16M · 30.7%
Product Sales$1.31M · 12.7%
Advertising And Other$761.0K · 7.4%
Geographic
$58.18M totalUS$36.49M · 62.7%
Rest Of World$12.56M · 21.6%
Europe$9.13M · 15.7%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
-6.00
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 2021 · 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 Programming Services
Comparing REALNETWORKS INC against the 5 most active filers in the same SIC group.