Company name:

Appian Corp

  • IPO SHARE PRICE:
    $12.00
  • IPO DATE:
    May 25, 2017
  • TICKER:
    APPN
  • MAIN STOCK EXCHANGE:
    NASDAQ Global
  • CURRENT HQ LOCATION:
    7950 Jones Branch Drive McLean VA 22102
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Appian Corp

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
65.2% —

Subscription revenue

34.8% —

Professional services revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Subscription revenue
-
-
 91,514 126,012 151,299 198,710 198,710 224,384
Subscriptions software and support
$45,679
$45,679
 91,514 126,012 - - - -
Professional services revenue
$45,679
$45,679
 85,223 100,731 109,053 105,863 105,863 102,136
Total Revenue
$45,679
$45,679
 $176,737 $226,743 $260,352 $304,573 $304,573 $326,520
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
112.4%
42.8% —

Sales and marketing

23.1% —

Research and development

22.3% —

Costs of professional services

17.5% —

General and administrative

6.8% —

Cost of revenue Subscriptions
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue Subscriptions
-
-
 9,379 11,997 17,098 20,826 20,826 22,564
Cost of revenue Subscription and support
45,679
45,679
 9,379 11,997 - - - -
Costs of professional services
45,679
45,679
 55,218 72,928 76,743 67,940 67,940 65,196
Total cost of revenue
45,679
45,679
 64,597 84,925 93,841 88,766 88,766 87,760
Gross profit
45,679
45,679
 $112,140 $141,818 $166,511 $215,807 $215,807 $238,760
Sales and marketing
45,679
45,679
 81,966 105,992 117,440 130,316 130,316 141,700
Research and development
45,679
45,679
 34,835 44,724 58,043 70,241 70,241 75,500
General and administrative
45,679
45,679
 27,150 37,821 41,496 53,152 53,152 60,304
Total operating expenses
45,679
45,679
 143,951 188,537 216,979 253,709 253,709 277,504
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
12.4%
12.4% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
 ($31,811) ($46,719) ($50,468) ($37,902) ($37,902) ($38,744)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
1.9%
1.9% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
45,679
 (2,038) 2,295 (941) (5,786) (5,786) (15,764)
Total non-operating income (expense)
45,679
45,679
 (2,038) 2,295 (941) (5,786) (5,786) (15,764)
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
14.3%
14.3% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
 ($33,849) ($44,424) ($51,409) ($43,688) ($43,688) ($54,508)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
0.4%
0.2% —

Interest expense

0.3% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense and/or income
45,679
45,679
 473 198 - - - -
Interest expense
-
-
 473 198 367 478 478 352
Total other expense or income
45,679
45,679
 (1,565) 2,493 (574) (5,308) (5,308) (15,412)
Income before income taxes
45,679
45,679
 (30,246) (49,212) (49,894) (32,594) (32,594) (23,332)
Income tax expense or benefit
45,679
45,679
 761 239 820 883 883 2,192
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
11.0%
11.0% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
 ($31,007) ($49,451) ($50,714) ($33,477) ($33,477) ($25,524)
Convertible preferred stock dividends accretion
45,679
45,679
 357 - - - - -
Net income (loss) attributable to common stock
45,679
45,679
 (31,364) (49,451) (50,714) - - -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A
-
-
 13,178,927 30,447,805 34,562,551 38,988,594 38,988,594 38,988,594
Class B
-
-
 47,562,464 33,807,128 32,922,636 31,707,466 31,707,466 31,707,466
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
 ($0.63) ($0.80) ($0.77) ($0.48) ($0.48) ($0.36)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
 ($0.63) ($0.80) ($0.77) ($0.48) ($0.48) ($0.36)