Company name:

Smartsheet Inc

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    April 27, 2018
  • TICKER:
    SMAR
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    10500 NE 8th Street Suite 1300 Bellevue WA 98004
  • FISCAL YEAR END:
    January 31
  • INCORPORATION JURISDICTION:
    WA
  • 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

Smartsheet Inc

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-Jan
2021
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%
91.5% —

Subscription revenue

8.5% —

Professional services revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Subscription revenue
45,679
 100,368 157,529 244,058 352,782 352,782 404,428
Professional services revenue
$45,679
 10,885 20,193 26,824 32,731 32,731 35,056
Total Revenue
$45,679
 $111,253 $177,722 $270,882 $385,513 $385,513 $439,484
Selected Year:
31-Jan
2021
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
131.2%
59.7% —

Sales and marketing

30.8% —

Research and development

18.5% —

General and administrative

15.4% —

Cost of subscription revenue

6.8% —

Costs of professional services
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of subscription revenue
45,679
 13,008 19,297 32,707 59,374 59,374 69,920
Costs of professional services
45,679
 8,674 14,552 20,193 26,165 26,165 27,480
Total cost of revenue
45,679
 $21,682 $33,849 $52,900 $85,539 $85,539 $97,400
Gross profit
45,679
 89,571 143,873 217,982 299,974 299,974 342,084
Sales and marketing
45,679
 72,925 106,067 176,060 230,281 230,281 250,088
Research and development
45,679
 37,590 58,841 95,469 118,722 118,722 129,092
General and administrative
45,679
 28,034 34,049 50,227 71,443 71,443 79,084
Total operating expenses
45,679
 $138,549 $198,957 $321,756 $420,446 $420,446 $458,264
Selected Year:
31-Jan
2021
Operating Income
Income after excluding Operating Expenses from Total Revenue
31.2%
31.2% —

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
 ($48,978) ($55,084) ($103,774) ($120,472) ($120,472) ($116,180)
Selected Year:
31-Jan
2021
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.1%
0.1% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
-
 (975) (1,815) (462) 296 296 1,604
Total non-operating income (expense)
45,679
 (975) (1,815) (462) 296 296 1,604
Selected Year:
31-Jan
2021
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
31.2%
31.2% —

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
 ($49,953) ($56,899) ($104,236) ($120,176) ($120,176) ($114,576)
Selected Year:
31-Jan
2021
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
1.3%
1.0% —

Income tax expense or benefit

0.4% —

Interest income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest and other income or expenses
45,679
 - - - - - -
Interest income
-
 540 3,307 8,410 1,444 1,444 44
Income before income taxes
45,679
 (49,413) (53,592) (95,826) (118,732) (118,732) (114,532)
Income tax expense or benefit
45,679
 (307) 293 114 (3,753) (3,753) 128
Selected Year:
31-Jan
2021
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
29.8%
29.8% —

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
 ($49,106) ($53,885) ($95,940) ($114,979) ($114,979) ($114,660)
Deemed dividend
45,679
 (4,558) - - - - -
Net income (loss) attributable to common stock
45,679
 (53,664) (53,885) (95,940) - - -

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
Common
-
 - 105,543,350 118,833,426 124,084,149 124,084,149 124,084,149
Selected Year:
31-Jan
2021
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
 ($2.94) ($0.65) ($0.85) ($0.95) ($0.95) ($0.92)
Net Income per diluted share
$45,678,795.00
 ($2.94) ($0.65) ($0.85) ($0.95) ($0.95) ($0.92)