SREV · Servicesource International, 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 | $195.70M | $194.60M | $216.13M | $252.89M | $239.13M | $252.89M |
| Cost of Revenue | $140.00M | $137.04M | $153.16M | $164.69M | $163.71M | $165.07M |
| Gross Profit | $55.70M | $57.56M | $62.98M | $73.65M | $75.42M | $87.82M |
| R&D | $5.18M | $5.60M | $4.85M | $6.44M | $5.73M | $8.34M |
| SG&A | $45.05M | $41.97M | $43.21M | $47.29M | $53.09M | $52.99M |
| Total Operating Expenses | $68.36M | $74.11M | $79.99M | $89.53M | $99.13M | $103.31M |
| D&A | $14.67M | $13.93M | $13.45M | $16.50M | $22.59M | $16.05M |
| Operating Income | ($12.66M) | ($16.55M) | ($17.01M) | ($15.89M) | ($23.71M) | ($15.49M) |
| Interest Expense | - | - | $1.23M | $6.59M | $8.70M | - |
| Income Tax | $278.0K | $709.0K | $443.0K | $450.0K | ($1.65M) | $3.43M |
| Net Income | ($14.72M) | ($18.54M) | ($18.68M) | ($24.89M) | ($29.85M) | ($32.13M) |
| EPS - Basic | ($0.19) | - | - | - | ($0.33) | ($0.37) |
| EPS - Diluted | ($0.19) | - | - | - | - | ($0.37) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $28.51M | $34.01M | $27.09M | $26.54M | $51.39M | $47.69M |
| Accounts Receivable | $43.57M | $38.89M | $41.75M | $54.28M | $56.52M | $63.29M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $832.0K | $1.20M | $4.39M | $2.42M | $4.57M | $1.92M |
| Current Assets | $81.07M | $82.17M | $76.14M | $86.47M | $251.20M | $256.47M |
| Total Assets | $132.45M | $152.61M | $161.46M | $136.58M | $295.37M | $306.09M |
| Current Liabilities | $44.39M | $49.77M | $36.33M | $28.21M | $178.66M | $37.88M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $65.41M | $77.34M | $73.03M | $34.75M | $183.26M | $179.15M |
| Stockholders' Equity | $67.03M | $75.28M | $88.44M | $101.83M | $112.11M | $126.94M |
| Retained Earnings | ($319.33M) | ($304.61M) | ($286.07M) | ($267.38M) | ($246.21M) | ($216.36M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.60M | $401.0K | $12.45M | $3.72M | $19.80M | $4.45M |
| Investing Cash Flow | ($3.93M) | ($7.86M) | ($10.11M) | $122.08M | ($14.81M) | ($28.91M) |
| Financing Cash Flow | ($5.74M) | $14.30M | ($859.0K) | ($150.64M) | $216.0K | $937.0K |
| CapEx | $3.93M | $7.86M | $10.11M | $15.60M | $17.11M | $26.34M |
| Free Cash Flow | ($327.0K) | ($7.45M) | $2.34M | ($11.89M) | $2.69M | ($21.89M) |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 28.5% | 29.6% | 29.1% | 29.1% | 31.5% | 34.7% |
| Operating margin | -6.5% | -8.5% | -7.9% | -6.3% | -9.9% | -6.1% |
| EBITDA margin | 1.0% | -1.4% | -1.6% | 0.2% | -0.5% | 0.2% |
| Net margin | -7.5% | -9.5% | -8.6% | -9.8% | -12.5% | -12.7% |
| Free cash flow margin | -0.2% | -3.8% | 1.1% | -4.7% | 1.1% | -8.7% |
| FCF / Net income | 0.02 | 0.40 | -0.13 | 0.48 | -0.09 | 0.68 |
| R&D / Revenue | 2.6% | 2.9% | 2.2% | 2.5% | 2.4% | 3.3% |
| SG&A / Revenue | 23.0% | 21.6% | 20.0% | 18.7% | 22.2% | 21.0% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -11.1% | -12.1% | -11.6% | -18.2% | -10.1% | -10.5% |
| Return on equity | -22.0% | -24.6% | -21.1% | -24.4% | -26.6% | -25.3% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.83 | 1.65 | 2.10 | 3.07 | 1.41 | 6.77 |
| Quick ratio | 1.83 | 1.65 | 2.10 | 3.07 | 1.41 | 6.77 |
| Cash ratio | 0.64 | 0.68 | 0.75 | 0.94 | 0.29 | 1.26 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | -13.9x | -2.4x | -2.7x | - |
| Equity multiplier | 1.98 | 2.03 | 1.83 | 1.34 | 2.63 | 2.41 |
| Liabilities / Assets | 0.49 | 0.51 | 0.45 | 0.25 | 0.62 | 0.59 |
| Efficiency | ||||||
| Asset turnover | 1.48 | 1.28 | 1.34 | 1.85 | 0.81 | 0.83 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 81d | 73d | 71d | 78d | 86d | 91d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 2d | 3d | 10d | 5d | 10d | 4d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 0.6% | -10.0% | -14.5% | 5.8% | -5.4% | 0.3% |
| Revenue CAGR (3y) | -8.2% | -6.6% | -5.1% | 0.1% | -4.2% | -2.5% |
| Revenue CAGR (5y) | -5.0% | -5.1% | -4.5% | -1.5% | -0.4% | 18.0% |
| Gross profit growth (YoY) | -3.2% | -8.6% | -14.5% | -2.3% | -14.1% | 8.6% |
| Operating income growth (YoY) | 23.5% | 2.7% | -7.1% | 33.0% | -53.0% | 47.8% |
| Net income growth (YoY) | 20.6% | 0.8% | 24.9% | 16.6% | 7.1% | 20.5% |
| EPS growth (YoY) | - | - | - | - | - | 21.3% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 95.6% | - | - | - | - | -134.0% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -10.9% | -14.9% | -13.2% | -9.2% | -11.7% | -15.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$195.70M totalSelling Services$192.53M · 98.4%
Professional Services$3.18M · 1.6%
Geographic
$195.70M totalNorth America And Latin America$107.33M · 54.8%
EMEA$58.19M · 29.7%
Asia Pacific$30.19M · 15.4%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
-0.24
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-Business Services, NEC
Comparing SERVICESOURCE INTERNATIONAL against the 5 most active filers in the same SIC group.