Cyren ltd. (CYRN)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Jun'18Dec'17Dec'16Sep'16Dec'15Jun'15Dec'14Jun'14Dec'13Dec'12Dec'11Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

15,061

11,551

9,546

12,405

12,444

17,571

16,627

23,981

10,621

12,438

16,379

7,870

11,063

3,104

3,757

5,137

20,868

13,432

Trade receivables (net of allowances for doubtful accounts of $131 and $129, respectively)

2,830

2,187

3,499

3,026

3,024

3,658

2,659

2,890

3,061

3,685

3,849

3,595

4,444

4,831

5,178

5,996

2,838

2,968

Deferred commissions

1,101

948

930

918

-

887

-

-

-

-

-

-

-

-

-

-

-

-

Deferred commissions

-

-

-

-

909

-

739

-

-

-

-

-

-

16

48

2,239

1,996

1,940

Prepaid expenses and other receivables ($- and $32 attributable to related parties, respectively)

1,141

819

1,329

1,511

1,472

778

2,015

1,339

918

1,009

831

2,084

1,019

1,446

1,988

1,503

463

384

Total current assets

20,133

15,505

15,304

17,860

17,849

22,894

22,040

28,210

14,600

17,132

21,059

13,549

16,526

9,397

10,971

14,875

26,165

18,724

LONG-TERM ASSETS:
Long-term deferred commissions

1,465

1,580

1,646

1,714

-

1,880

-

-

-

-

-

-

-

-

-

-

-

-

Investment in affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,403

1,227

1,227

Long-term deferred commissions

-

-

-

-

1,783

-

1,355

-

-

-

-

0

13

-

0

3,348

2,889

1,560

Long-term lease deposits

859

767

782

817

812

821

853

379

380

340

197

76

70

80

74

57

40

-

Operating lease right-of-use assets

11,843

8,695

8,974

9,313

9,675

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred issuance costs

-

-

-

-

-

-

-

-

-

-

-

153

-

-

-

-

-

-

Severance pay fund

550

659

610

573

541

503

497

714

604

641

700

575

594

706

819

756

1,031

-

Severance pay fund and Lease deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,249

Property and equipment, net

5,157

4,410

4,437

4,625

4,692

4,608

3,626

2,787

2,081

2,251

2,321

2,151

2,401

2,622

2,674

1,608

885

920

Intangible assets, net

9,609

8,966

8,667

8,471

8,554

8,802

10,478

11,018

10,426

10,629

10,264

-

10,544

-

13,189

14,568

3,505

4,510

Goodwill

19,974

20,246

19,904

20,449

20,262

20,519

20,758

21,128

19,441

20,211

19,864

-

21,325

-

23,206

22,518

3,792

3,792

Goodwill and intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

30,000

-

35,287

-

-

-

-

Total long-term assets

49,457

45,323

45,020

45,962

46,319

37,133

37,567

36,026

32,932

34,072

33,346

32,955

34,947

38,695

39,962

44,258

13,369

13,258

Total assets

69,590

60,828

60,324

63,822

64,168

60,027

59,607

64,236

47,532

51,204

54,405

46,504

51,473

48,092

50,933

59,133

39,534

31,982

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables

2,044

1,184

1,402

845

1,270

1,668

976

1,017

764

653

603

755

646

661

859

958

551

550

Credit line

-

-

-

-

-

-

-

-

-

0

4,169

4,492

4,900

5,301

3,245

0

-

-

Employees and payroll accruals

3,443

3,427

3,690

3,798

3,375

3,959

3,500

3,239

2,528

2,284

2,500

2,082

2,359

2,772

3,102

2,280

1,215

1,073

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

117

-

56

0

-

-

-

Accrued expenses and other liabilities ($173 and $32 attributable to related parties, respectively)

1,036

1,145

1,421

998

1,343

910

1,249

1,012

755

719

764

912

1,394

1,180

1,366

1,587

-

-

Operating lease liabilities

1,876

1,946

1,298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

-

-

-

1,292

1,277

-

-

-

-

-

-

-

-

-

-

-

-

-

Earn-out consideration and related costs

-

-

-

-

-

2,926

2,933

3,588

3,041

2,411

2,346

-

-

-

-

-

-

-

Earn-out consideration

-

-

-

-

-

-

-

-

-

-

-

2,868

2,269

2,704

1,428

4,048

-

-

Accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

628

330

Earn-out consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,372

-

Deferred revenues

5,314

7,208

9,270

9,799

5,498

5,773

7,948

5,032

4,609

5,049

3,269

3,187

4,487

4,319

4,499

4,535

3,058

3,178

Total current liabilities

13,713

14,910

17,081

16,732

12,763

15,236

16,606

13,888

11,697

11,116

13,651

14,413

16,055

16,993

14,499

13,408

8,824

5,131

LONG-TERM LIABILITIES:
Deferred revenues

1,727

1,956

2,944

2,882

3,242

503

539

524

1,788

2,387

824

1,365

652

1,420

1,646

492

694

964

Convertible notes (related party)

10,000

10,000

10,000

10,000

10,000

10,000

-

-

-

-

-

-

-

-

-

-

-

-

Convertible debentures ($231 and $- attributable to related parties, respectively)

9,447

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term operating lease liabilities

10,364

7,174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

720

796

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term operating lease liabilities

-

-

7,993

8,341

8,724

-

-

-

-

-

-

-

-

-

-

-

-

-

Earn-out consideration

-

-

-

-

-

-

-

-

-

-

-

-

837

-

2,857

6,409

-

-

Earn-out consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,831

Deferred tax liability, net

-

-

912

998

1,045

1,130

1,234

1,355

1,374

1,488

1,627

1,688

2,104

2,517

2,749

3,187

-

-

Accrued severance pay

679

811

778

736

677

598

572

930

816

-

824

-

-

-

-

-

-

-

Earn-out consideration

-

-

-

-

-

-

-

-

-

-

-

0

-

1,387

-

-

-

-

Accrued severance pay

-

-

-

-

-

-

-

-

-

820

-

690

666

787

873

915

-

-

Other liabilities

623

470

337

352

347

700

501

438

119

134

131

92

100

-

0

-

-

-

Accrued severance pay

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,192

1,303

Total long-term liabilities

33,560

21,207

22,964

23,309

24,035

12,931

2,846

3,247

4,097

4,829

3,406

3,835

4,359

6,111

8,125

11,003

1,886

5,098

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

0

-

0

0

0

-

0

-

-

0

0

0

SHAREHOLDERS' EQUITY:
Ordinary shares nominal value ILS 0.15 par value - Authorized: 110,000,000 shares as of March 31, 2020 (Unaudited) and December 31, 2019; Issued and Outstanding: 59,965,805 and 59,372,173 shares as of March 31, 2020 (Unaudited) and December 31, 2019, respectively

2,335

2,309

2,099

2,098

2,097

2,097

2,097

2,097

1,497

1,497

1,497

-

-

-

-

-

-

-

Ordinary shares nominal value ILS 0.15 par value - Authorized: 55,353,340 shares as of December 31, 2015 and 2014; Issued: 40,353,953 and 32,687,288 shares as of December 31, 2015 and 2014, respectively; Outstanding: 39,121,198 and 31,396,940 shares as of December 31, 2015 and 2014, respectively

-

-

-

-

-

-

-

-

-

-

-

-

1,195

-

986

986

960

812

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

215,193

-

203,030

-

191,780

190,436

188,463

186,012

Additional paid-in capital

256,360

255,741

246,554

245,905

245,527

245,570

245,176

244,609

216,147

216,065

-

-

-

-

-

-

-

-

Treasury shares at cost: 0 and 348,673 Ordinary shares as of December 31, 2019 and 2018, respectively

-

-

-

-

416

998

2,762

3,312

3,867

3,896

4,064

-

4,277

-

4,841

6,653

8,692

8,566

Accumulated other comprehensive loss

-2,298

-2,010

-2,384

-1,762

-2,038

-1,666

-1,502

-1,195

-2,851

-1,988

-2,390

-

-735

-

1,342

469

23

23

Accumulated deficit

-234,080

-231,329

-225,990

-222,460

-217,800

-213,143

-202,854

-195,098

-179,188

-176,419

-172,888

-

-168,154

-

-160,958

-150,516

-151,930

-156,528

Total shareholders' equity

22,317

24,711

20,279

23,781

27,370

31,860

40,155

47,101

31,738

35,259

37,348

28,256

31,059

24,988

28,309

34,722

28,824

21,753

Total liabilities and shareholders' equity

69,590

60,828

60,324

63,822

64,168

60,027

59,607

64,236

47,532

51,204

54,405

46,504

51,473

48,092

50,933

59,133

39,534

31,982