Company name:
Cardlytics Inc
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IPO SHARE PRICE:$13.00
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IPO DATE:February 09, 2018
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TICKER:CDLX
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MAIN STOCK EXCHANGE:NASDAQ Global
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CURRENT HQ LOCATION:675 Ponce de Leon Ave NE Ste 6000 Atlanta Georgia 30308
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Cardlytics Inc
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Income Statement
(USD in thousand)
Selected Quarter:
31-Dec
2020
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
Selected Quarter:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
109.1%
57.2% —
FI Share and other third-party costs
18.6% —
Sales and marketing
16.8% —
General and administrative
7.6% —
Research and development
5.8% —
Delivery costs
3.0% —
Depreciation and amortization
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FI Share and other third-party costs
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19,004 | 27,620 | 32,470 | 38,986 | 26,138 | 16,811 | 27,971 | 38,388 | 109,308 | 153,552 | ||||||||
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Delivery costs
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3,246 | 3,370 | 3,070 | 3,207 | 3,406 | 3,499 | 3,498 | 3,907 | 14,310 | 15,628 | ||||||||
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Sales and marketing
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9,337 | 11,047 | 11,074 | 12,370 | 10,968 | 10,405 | 11,432 | 12,502 | 45,307 | 50,008 | ||||||||
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Research and development
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2,941 | 2,782 | 3,018 | 2,958 | 3,851 | 3,966 | 4,627 | 5,088 | 17,532 | 20,352 | ||||||||
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General and administrative
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7,000 | 8,340 | 12,218 | 9,162 | 10,744 | 11,734 | 12,757 | 11,297 | 46,532 | 45,188 | ||||||||
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Depreciation and amortization
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961 | 1,053 | 1,167 | 1,354 | 2,331 | 1,545 | 1,933 | 2,017 | 7,826 | 8,068 | ||||||||
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Other expenses
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- | - | (257) | - | - | - | - | - | - | - | ||||||||
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Total expenses
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$42,489 | $54,212 | $63,017 | $68,037 | $57,438 | $47,960 | $62,218 | $73,199 | $240,815 | $292,796 |
Selected Quarter:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
9.1%
9.1% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Quarter:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
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| Foreign exchange gain (loss) | 491 | (690) | (931) | - | (1,886) | (10) | 1,066 | - | - | - | ||||||||
| Change in fair value of warrant liability | (9,172) | 1,611 | 801 | 6,760 | - | - | - | - | - | - | ||||||||
| Change in fair value of convertible promissory notes | - | - | - | - | - | - | - | - | - | - | ||||||||
| Change in fair value of convertible promissory notes-related parties | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other expense or income | - | - | - | - | - | - | - | - | 1,549 | - | ||||||||
| Other expense net | - | (2,038) | - | - | - | - | - | - | - | - | ||||||||
| Other income | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total non-operating income (expense) | 491 | (690) | (931) | 6,760 | (1,886) | (10) | 1,066 | - | (1,499) | - |
Selected Quarter:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
9.1%
9.1% —
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 Quarter:
31-Dec
2020
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
4.5%
4.5% —
Interest expense
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Interest expense (income)
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(304) | (338) | - | - | 284 | (10) | - | - | - | - | ||||||||
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Interest expense
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(1,749) | (992) | (218) | 312 | - | - | (283) | (3,039) | (3,048) | (12,156) | ||||||||
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Total other expense or income
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187 | (1,028) | (1,149) | - | (1,602) | (20) | 783 | - | - | - | ||||||||
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Income before income taxes
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(6,314) | (6,510) | (7,747) | 3,427 | (13,531) | (19,758) | (15,356) | (6,777) | (55,422) | (27,108) | ||||||||
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Income tax expense or benefit
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- | - | - | - | - | - | - | - | - | - |
Selected Quarter:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
10.1%
10.1% —
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
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Net income (loss)
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($6,314) | ($6,510) | ($7,747) | $24,332 | ($13,531) | ($19,758) | ($15,356) | - | ($55,422) | - | ||||||||
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Change in fair value of preferred stock
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(157) | - | - | - | - | - | - | - | - | - | ||||||||
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Net income (loss) attributable to common stock
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(6,314) | (6,510) | (7,747) | 3,427 | (13,531) | (19,758) | (15,356) | (6,777) | (55,422) | (27,108) | ||||||||
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Change in fair value of redeemable convertible preferred stock
Change in fair value of redeemable convertible preferred stock
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- | - | - | - | - | - | - | - | - | - |
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
Selected Quarter:
31-Dec
2020
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)