Upland software, inc. (UPLD)
Income statement / TTM
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

242,176

222,637

201,751

183,830

166,763

149,885

132,552

121,480

108,815

97,952

89,479

82,648

77,937

74,767

72,993

70,857

69,965

69,911

68,786

67,956

66,489

64,574

60,233

54,350

48,156

41,193

0

0

0

Cost of revenue

76,530

69,117

63,056

58,466

52,732

48,589

43,080

40,110

37,264

33,647

31,327

29,006

27,743

27,565

27,392

27,048

26,881

26,671

25,648

24,993

24,106

23,121

20,988

18,682

16,288

13,467

0

0

0

Gross profit

165,646

153,520

138,695

125,364

114,031

101,296

89,472

81,370

71,551

64,305

58,152

53,642

50,194

47,202

45,601

43,809

43,084

43,240

43,138

42,963

42,383

41,453

39,245

35,668

31,868

27,726

0

0

0

Operating expenses:
Sales and marketing

39,119

35,170

29,660

26,250

23,509

20,935

18,746

17,705

16,494

15,307

14,557

13,396

12,312

12,160

12,177

12,009

12,502

12,965

13,659

14,497

15,066

14,670

14,414

13,373

11,830

10,625

0

0

0

Research and development

32,410

29,388

26,583

24,549

22,827

21,320

19,800

18,492

17,209

15,795

14,790

14,435

14,486

14,919

15,549

15,664

15,762

15,778

15,909

15,850

15,192

26,165

25,390

24,327

23,152

10,340

0

0

0

Refundable Canadian tax credits

567

351

306

272

390

406

286

382

291

306

597

517

521

513

452

452

458

470

1,040

1,063

1,079

1,094

555

561

570

583

0

0

0

General and administrative

54,759

48,077

42,798

38,613

35,035

32,041

29,202

26,275

24,387

23,291

22,510

22,096

20,067

18,286

17,214

17,038

17,205

18,201

18,657

17,718

16,057

13,561

11,481

9,588

8,140

6,832

0

0

0

Depreciation and amortization

29,897

25,885

22,113

19,292

17,401

14,272

11,976

10,018

7,464

6,498

5,132

4,806

4,983

5,291

5,597

5,405

4,992

4,534

4,329

4,266

4,269

4,310

3,923

3,544

4,163

3,670

0

0

0

Acquisition-related expenses

47,092

39,657

34,433

29,473

23,349

18,728

13,463

15,365

14,503

15,092

11,096

7,744

6,846

5,583

6,229

5,358

4,338

2,455

2,638

2,570

2,441

2,186

1,540

1,454

1,742

1,461

0

0

0

Total operating expenses

202,710

177,826

155,281

137,905

121,731

106,890

92,665

87,237

79,530

75,441

67,488

61,960

58,173

55,726

56,314

55,022

54,341

53,463

54,152

53,838

51,946

59,798

56,193

51,725

48,457

32,345

0

0

0

Loss from operations

-37,064

-24,306

-16,586

-12,541

-7,700

-5,594

-3,193

-5,867

-7,979

-11,136

-9,336

-8,318

-7,979

-8,524

-10,713

-11,213

-11,257

-10,223

-11,014

-10,875

-9,563

-18,345

-16,948

-16,057

-16,589

-4,619

0

0

0

Other expense:
Interest expense, net

-24,840

-22,313

-20,397

-17,998

-15,895

-13,273

-10,965

-10,124

-8,141

-6,582

-5,221

-3,653

-3,155

-2,781

-2,405

-2,158

-2,072

-1,858

-2,105

-2,040

-1,883

-1,951

-3,047

-3,084

-2,989

-2,797

0

0

0

Loss on debt extinguishment

-

-2,317

-2,317

0

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense, net

-3,881

-3,240

-2,497

-3,013

-2,845

-1,781

-416

198

704

289

167

233

-42

-678

-1,262

-1,061

-780

-544

22

-55

-525

101

-861

-872

-271

-431

0

0

0

Total other expense

-31,038

-27,870

-25,211

-21,011

-18,740

-15,054

-11,381

-8,292

-7,437

-6,293

-5,054

-5,054

-3,197

-3,459

-3,667

-3,219

-2,852

-2,402

-2,083

-2,095

-2,408

-1,850

-3,908

-3,956

-3,260

-3,228

0

0

0

Loss before provision for income taxes

-68,102

-52,176

-41,797

-33,552

-26,440

-20,648

-14,574

-14,159

-15,416

-17,429

-14,390

-13,372

-11,176

-11,983

-14,380

-14,432

-14,109

-12,625

-13,097

-12,970

-11,971

-20,195

-20,856

-20,013

-19,849

-7,847

0

0

0

Benefit from income taxes

-10,493

-6,793

-18,081

-17,893

-10,920

-9,809

2,375

2,046

1,370

1,810

2,514

2,416

2,378

1,530

1,423

1,305

1,385

1,039

-1,021

-773

-731

-78

1,634

1,265

875

708

0

0

0

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,117

-22,490

-21,278

-20,724

-8,555

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-131

-326

-503

-642

0

0

0

Net loss

-57,622

-45,371

-23,704

-15,647

-15,508

-10,839

-16,435

-15,691

-16,272

-18,725

-16,904

-15,788

-13,554

-13,513

-15,803

-15,737

-15,494

-13,664

-12,076

-12,197

-11,240

-20,117

-22,621

-21,604

-21,227

-9,197

0

0

0

Preferred stock dividends and accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,524

1,385

951

522

98

0

0

0

Net loss attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21,641

-24,006

-22,555

-21,749

-9,295

0

0

0

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

228,216

209,604

189,418

172,218

156,765

140,480

123,832

113,023

100,339

89,813

81,611

74,947

70,472

67,202

64,925

62,233

60,424

59,998

58,226

56,775

54,368

51,412

47,699

42,859

38,222

32,890

0

0

0

Subscription and support
Revenue

222,774

203,866

186,533

169,393

153,832

136,578

119,558

108,808

95,061

85,467

77,773

71,633

68,446

65,552

63,209

60,309

58,112

57,193

55,189

53,428

51,210

48,625

44,884

40,247

35,814

30,887

0

0

0

Cost of revenue

68,130

61,465

56,060

51,948

46,906

42,881

37,543

34,714

31,810

28,454

26,433

24,443

23,401

22,734

21,849

20,873

20,080

19,586

18,294

17,011

15,516

14,042

12,521

11,120

9,561

7,787

0

0

0

Perpetual license
Revenue

5,442

5,738

2,885

2,825

2,933

3,902

4,274

4,215

5,278

4,346

3,838

3,314

2,026

1,650

1,716

1,924

2,312

2,805

3,037

3,347

3,158

2,787

2,815

2,612

2,408

2,003

0

0

0

Professional services
Revenue

13,960

13,033

12,333

11,612

9,998

9,405

8,720

8,457

8,476

8,139

7,868

7,701

7,465

7,565

8,068

8,624

9,541

9,913

10,560

11,181

12,121

13,162

12,534

11,491

9,934

8,303

0

0

0

Cost of revenue

8,400

7,652

6,996

6,518

5,826

5,708

5,537

5,396

5,454

5,193

4,894

4,563

4,342

4,831

5,543

6,175

6,801

7,085

7,354

7,982

8,590

9,079

8,467

7,562

6,727

5,680

0

0

0