Upland software, inc. (UPLD)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Revenue

68,032

66,066

55,065

53,013

48,493

45,180

37,144

35,946

31,615

27,847

26,072

23,281

20,752

19,374

19,241

18,570

17,582

17,600

17,105

17,678

17,528

16,475

16,275

16,211

15,613

12,134

10,392

10,017

8,650

Cost of revenue

22,201

21,073

16,673

16,583

14,788

15,012

12,083

10,849

10,645

9,503

9,113

8,003

7,028

7,183

6,792

6,740

6,850

7,010

6,448

6,573

6,640

5,987

5,793

5,686

5,655

3,854

3,487

3,292

2,834

Gross profit

45,831

44,993

38,392

36,430

33,705

30,168

25,061

25,097

20,970

18,344

16,959

15,278

13,724

12,191

12,449

11,830

10,732

10,590

10,657

11,105

10,888

10,488

10,482

10,525

9,958

8,280

6,905

6,725

5,816

Operating expenses:
Sales and marketing

10,931

11,490

8,709

7,989

6,982

5,980

5,299

5,248

4,408

3,791

4,258

4,037

3,221

3,041

3,097

2,953

3,069

3,058

2,929

3,446

3,532

3,752

3,767

4,015

3,136

3,496

2,726

2,472

1,931

Research and development

9,420

8,548

7,434

7,008

6,398

5,743

5,400

5,286

4,891

4,223

4,092

4,003

3,477

3,218

3,737

4,054

3,910

3,848

3,852

4,152

3,926

3,979

3,793

3,494

14,899

3,204

2,730

2,319

2,087

Refundable Canadian tax credits

302

47

133

85

86

2

99

203

102

-118

195

112

117

173

115

116

109

112

115

122

121

682

138

138

136

143

144

147

149

General and administrative

16,676

13,845

12,196

12,042

9,994

8,566

8,011

8,464

7,000

5,727

5,084

6,576

5,904

4,946

4,670

4,547

4,123

3,874

4,494

4,714

5,119

4,330

3,555

3,053

2,623

2,250

1,662

1,605

1,315

Depreciation and amortization

9,271

8,455

6,427

5,744

5,259

4,683

3,606

3,853

2,130

2,387

1,648

1,299

1,164

1,021

1,322

1,476

1,472

1,327

1,130

1,063

1,014

1,122

1,067

1,066

1,055

735

688

1,685

562

Acquisition-related expenses

15,158

15,213

7,457

9,264

7,723

9,989

2,497

3,140

3,102

4,724

4,399

2,278

3,691

728

1,047

1,380

2,428

1,374

176

360

545

1,557

108

231

290

911

22

519

9

Total operating expenses

61,154

57,504

42,090

41,962

36,270

34,959

24,714

25,788

21,429

20,734

19,286

18,081

17,340

12,781

13,758

14,294

14,893

13,369

12,466

13,613

14,015

14,058

12,152

11,721

21,867

10,453

7,684

8,453

5,755

Loss from operations

-15,323

-12,511

-3,698

-5,532

-2,565

-4,791

347

-691

-459

-2,390

-2,327

-2,803

-3,616

-590

-1,309

-2,464

-4,161

-2,779

-1,809

-2,508

-3,127

-3,570

-1,670

-1,196

-11,909

-2,173

-779

-1,728

61

Other expense:
Other expense:
Interest expense, net

-7,643

-6,434

-5,517

-5,246

-5,116

-4,518

-3,118

-3,143

-2,494

-2,210

-2,277

-1,160

-935

-849

-709

-662

-561

-473

-462

-576

-347

-720

-397

-419

-415

-1,816

-434

-324

-223

Loss on debt extinguishment

-

0

-2,317

0

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense, net

-1,402

-1,559

-228

-692

-761

-816

-744

-524

303

549

-130

-18

-112

427

-64

-293

-748

-157

137

-12

-512

409

60

-482

114

-553

49

119

-46

Total other expense

-9,045

-7,993

-8,062

-5,938

-5,877

-5,334

-3,862

-3,667

-2,191

-1,661

-773

-2,812

-1,047

-422

-773

-955

-1,309

-630

-325

-588

-859

-311

-337

-901

-301

-2,369

-385

-205

-269

Loss before provision for income taxes

-24,368

-20,504

-11,760

-11,470

-8,442

-10,125

-3,515

-4,358

-2,650

-4,051

-3,100

-5,615

-4,663

-1,012

-2,082

-3,419

-5,470

-3,409

-2,134

-3,096

-3,986

-3,881

-2,007

-2,097

-12,210

-4,542

-1,164

-1,933

-208

Benefit from income taxes

-4,300

-639

547

-6,101

-600

-11,927

735

872

511

257

406

196

951

961

308

158

103

854

190

238

-243

-1,206

438

280

410

506

69

-110

243

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,675

-2,445

-2,377

-12,620

-5,048

-1,233

-1,823

-451

Income (loss) from discontinued operations, net of tax of $0, $0, and $642 for 2015, 2014, and 2013, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-131

-195

-177

-139

Net loss

-20,081

-19,865

-12,307

-5,369

-7,830

1,802

-4,250

-5,230

-3,161

-3,794

-3,506

-5,811

-5,614

-1,973

-2,390

-3,577

-5,573

-4,263

-2,324

-3,334

-3,743

-2,675

-2,445

-2,377

-12,620

-5,179

-1,428

-2,000

-590

Preferred stock dividends and accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

204

445

440

435

65

11

11

11

Net loss attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,879

-2,890

-2,817

-13,055

-5,244

-1,439

-2,011

-601

Earnings Per Share [Abstract]
Loss from continuing operations per common share, basic and diluted (in USD per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3.57

-1.01

-1.63

-0.22

Income (loss) from discontinued operations per common share, basic and diluted (in USD per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.09

-0.16

-0.16

-0.07

Net loss per common share, basic and diluted (in dollars per share)

-0.81

-0.78

-0.50

-0.24

-0.38

0.09

-0.21

-0.26

-0.16

-

-

-

-

-0.12

-0.14

-0.22

-0.36

-0.28

-0.16

-0.22

-0.25

-0.30

-0.80

-0.80

-4.48

-3.66

-1.17

-1.79

-0.29

Weighted-average common shares outstanding, basic and diluted (in shares)

24,906

24,747

24,588

22,619

20,442

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,430

1,232

1,127

2,123

Total product revenue
Revenue

64,252

62,640

52,034

49,290

45,640

42,454

34,834

33,837

29,355

25,806

24,025

21,153

18,829

17,604

17,361

16,678

15,559

15,327

14,669

14,869

15,133

13,555

13,218

12,462

12,177

9,842

8,378

7,825

6,845

Subscription and support
Revenue

63,891

59,109

51,059

48,715

44,983

41,776

33,919

33,154

27,729

24,756

23,169

19,407

18,135

17,062

17,029

16,220

15,241

14,719

14,129

14,023

14,322

12,715

12,368

11,805

11,737

8,974

7,731

7,372

6,810

Cost of revenue

19,939

18,891

14,678

14,622

13,274

13,486

10,566

9,580

9,249

8,148

7,737

6,676

5,893

6,127

5,747

5,634

5,226

5,242

4,771

4,841

4,732

3,950

3,488

3,346

3,258

2,429

2,087

1,787

1,484

Perpetual license
Revenue

361

3,531

975

575

657

678

915

683

1,626

1,050

856

1,746

694

542

332

458

318

608

540

846

811

840

850

657

440

868

647

453

35

Professional services
Revenue

3,780

3,426

3,031

3,723

2,853

2,726

2,310

2,109

2,260

2,041

2,047

2,128

1,923

1,770

1,880

1,892

2,023

2,273

2,436

2,809

2,395

2,920

3,057

3,749

3,436

2,292

2,014

2,192

1,805

Cost of revenue

2,262

2,182

1,995

1,961

1,514

1,526

1,517

1,269

1,396

1,355

1,376

1,327

1,135

1,056

1,045

1,106

1,624

1,768

1,677

1,732

1,908

2,037

2,305

2,340

2,397

1,425

1,400

1,505

1,350