Company name:

Ping Identity Holding Corp

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    September 19, 2019
  • TICKER:
    PING
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    1001 17th Street Suite 100 Denver Colorado 80202
  • 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

Ping Identity Holding 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%
92.0% —

Subscription revenue

8.0% —

Professional services revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Subscription revenue 160,219 184,991 225,345 224,131 224,131 231,728
Professional services revenue 12,320 16,571 17,553 19,458 19,458 21,292
Total Revenue $172,539 $201,562 $242,898 $243,589 $243,589 $253,020
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
110.9%
36.5% —

Sales and marketing

20.1% —

Research and development

19.4% —

General and administrative

12.6% —

Subscription excluding amortization

8.3% —

Amortization

7.0% —

Professional services and other excluding amortization

7.0% —

Depreciation and amortization
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total cost of revenue
$35,835 $44,611 $55,704 $68,211 $68,211 $73,828
Gross profit
136,704 156,951 187,194 175,378 175,378 179,192
Subscription excluding amortization
14,054 17,512 24,044 30,797 30,797 32,352
Professional services and other excluding amortization Professional services and other excluding amortization
9,155 12,703 15,322 17,145 17,145 19,292
Sales and marketing
49,481 60,140 78,889 88,910 88,910 99,220
Research and development
26,215 36,229 46,016 48,934 48,934 52,340
General and administrative
20,202 28,355 38,293 47,198 47,198 53,524
Depreciation and amortization
16,526 16,341 16,639 16,997 16,997 17,168
Amortization
12,626 14,396 16,338 20,269 20,269 22,184
Total operating expenses
$112,424 $141,065 $179,837 $202,039 $202,039 $222,252
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
10.9%
10.9% —

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 $24,280 $15,886 $7,357 ($26,661) ($26,661) ($43,060)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
1.2%
1.2% —

Other expense or income

0.0% —

Loss on early repayment of debt
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income 773 (335) 363 2,947 2,947 8,924
Loss on early repayment of debt - (9,785) (4,532) - - -
Total non-operating income (expense) 773 (10,120) (4,169) 2,947 2,947 8,924
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
9.7%
9.7% —

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 $25,053 $5,766 $3,188 ($23,714) ($23,714) ($34,136)
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
4.9%
5.9% —

Income tax expense or benefit

1.0% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
(19,277) (15,837) (12,914) (2,433) (2,433) (2,392)
Total other expense or income
(18,504) (25,957) (17,083) 514 514 6,532
Income before income taxes
5,776 (10,071) (9,726) (26,147) (26,147) (36,528)
Income tax expense or benefit
13,185 (3,375) 8,222 14,256 14,256 21,276
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
4.9%
4.9% —

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)
$18,961 ($13,446) ($1,504) ($11,891) ($11,891) ($15,252)

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 - - 79,731,031 81,371,147 81,371,147 81,371,147
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 $0.29 ($0.21) ($0.02) ($0.15) ($0.15) ($0.20)
Net Income per diluted share $0.29 ($0.21) ($0.02) ($0.15) ($0.15) ($0.20)