Stocks › AVTA
AVANTAX INC AVTA
US equityMarket cap rank #3253
$25.99 +$0.00 (0.00%)
Market closed · Nov 5, 8:00 pm ET
Open$0.00
Prev close$25.99
Day range$0.00 – $0.00
Volume0.00
Market cap$956.74M
P/E (TTM)3.4
Dividend yield–
Fundamentals
Latest reported quarter: Q3, ended Sep 2023
Revenue$192.34M+16.5% YoY
Operating profit$2.45M+482.5% YoY
Net profit-$1.50M+93.2% YoY
Diluted EPS-$0.04+91.3% YoY
Free cash flow$8.90M+121.4% YoY
Operating cash flow$11.66M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin39.7%
Operating margin2.5%
Net margin51.0%
Return on equity95.9%
Return on assets40.2%
Return on invested capital46.9%
Current ratio2.07
Liabilities / assets51.1%
Cash & investments$106.44M
Total debt$288.00M
Net cash (debt)-$181.56M
Free cash flow / sales3.1%
Income statement
| Line item | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 ANNUAL | 2022 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $192.34M | $186.93M | $177.98M | $666.50M | $172.39M |
| Total Operating Revenue | $192.34M | $186.93M | $177.98M | $666.50M | $172.39M |
| Cost of Revenue | $117.68M | $110.85M | $108.25M | $444.92M | $103.48M |
| Gross Profit | $74.66M | $76.08M | $69.73M | $221.58M | $68.92M |
| Operating Expense | $72.21M | $65.77M | $71.23M | $237.10M | $62.29M |
| Selling and Admin Expenses | $59.31M | $53.76M | $58.58M | $190.67M | $50.46M |
| -Selling & Marketing Expense | $26.30M | $27.42M | $26.18M | $97.91M | $27.09M |
| -General & Admin Expense | $33.01M | $26.34M | $32.40M | $92.76M | $23.37M |
| Research & Development | $2.35M | $2.19M | $2.72M | $8.70M | $1.97M |
| Depreciation & Amortization & Depletion | $10.55M | $9.82M | $9.93M | $37.73M | $9.87M |
| -Depreciation & Amortization | $10.55M | $9.82M | $9.93M | $37.73M | $9.87M |
| Operating Profit | $2.45M | $10.31M | -$1.50M | -$15.52M | $6.63M |
| Net Non-Operating Interest Income (Expense) | -$6.09M | -$4.90M | -$709,000.00 | -$475,000.00 | -$52,000.00 |
| Non-Operating Interest Expense | $5.73M | $4.70M | $1.56M | $475,000.00 | $52,000.00 |
| Total Other Finance Costs | $363,000.00 | $246,000.00 | $128,000.00 | – | – |
| Other Income (Expense) | $1.08M | $240,000.00 | $1.48M | $4.19M | -$524,000.00 |
| Gain on Sale of Security | $336,000.00 | -$842,000.00 | – | – | – |
| Special Income (Charges) | $742,000.00 | $1.08M | -$122,000.00 | $4.19M | -$524,000.00 |
| -Less:Restructuring and Mergern & Acquisition | -$742,000.00 | -$1.08M | $122,000.00 | -$4.19M | $524,000.00 |
| Pretax Profit | -$2.56M | $5.65M | -$729,000.00 | -$11.81M | $6.05M |
| Tax | -$1.07M | $2.07M | -$481,000.00 | -$14.93M | $7.65M |
| Net Profit | -$1.50M | $3.58M | $1.67M | $420.25M | $368.04M |
| Profit from Continuing Operations | -$1.50M | $3.58M | -$248,000.00 | $3.12M | -$1.60M |
| Net Income from Discontinuous Operations | $0.00 | $0.00 | $1.92M | $417.13M | $369.64M |
| Net Income to Parent Company | -$1.50M | $3.58M | $1.67M | $420.25M | $368.04M |
| Net Income to Common Stockholders | -$1.50M | $3.58M | $1.67M | $420.25M | $368.04M |
| Basic EPS | -$0.04 | $0.09 | $0.04 | $8.76 | $7.66 |
| Diluted EPS | -$0.04 | $0.09 | $0.04 | $8.54 | $7.66 |
| Non-Operating Interest Income | – | $49,000.00 | $975,000.00 | – | – |
| Other Non-Operating Income (Expenses) | – | – | $1.60M | – | – |
| -Less:Impairment of Capital Assets | – | – | – | $0.00 | – |
Balance sheet
| Line item | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 ANNUAL | 2022 Q4 |
|---|---|---|---|---|---|
| Total Assets | $825.68M | $821.64M | $847.27M | $963.52M | $963.52M |
| Total Current Assets | $186.24M | $186.98M | $211.50M | $323.75M | $323.75M |
| Cash and Cash Equivalents & Short-Term Investments | $106.44M | $109.79M | $144.96M | $263.93M | $263.93M |
| -Cash and Cash Equivalents | $106.44M | $109.79M | $144.96M | $263.93M | $263.93M |
| Receivables | $53.77M | $53.16M | $52.62M | $50.75M | $50.75M |
| -Accounts Receivable | $46.86M | $47.13M | $46.79M | $44.80M | $44.80M |
| -Loans Receivable | $6.91M | $6.02M | $5.84M | $5.95M | $5.95M |
| Prepaid Assets | $23.74M | $22.50M | $12.41M | $7.86M | $7.86M |
| Other Current Assets | $2.29M | $1.53M | $1.51M | $1.22M | $1.22M |
| Total Non-Current Assets | $639.44M | $634.66M | $635.78M | $639.76M | $639.76M |
| Net PPE | $68.06M | $69.92M | $70.96M | $72.40M | $72.40M |
| -Gross PPE | $68.06M | $69.92M | $70.96M | $103.34M | $103.34M |
| Goodwill and Other Intangible Assets | $523.15M | $525.40M | $527.35M | $532.28M | $532.28M |
| -Goodwill | $266.28M | $266.28M | $266.28M | $266.28M | $266.28M |
| -Other Intangible Assets | $256.87M | $259.13M | $261.07M | $266.00M | $266.00M |
| Other Non-Current Assets | $48.24M | $39.34M | $37.47M | $35.08M | $35.08M |
| Total Liabilities | $421.99M | $410.44M | $379.23M | $220.32M | $220.32M |
| Total Current Liabilities | $89.76M | $78.95M | $146.62M | $142.29M | $142.29M |
| Payables | $24.25M | $22.13M | $105.88M | $107.33M | $107.33M |
| -Accounts Payable | $3.77M | $2.17M | $4.32M | $7.53M | $7.53M |
| -Total Tax Payable | $5.44M | $5.08M | $88.04M | $85.97M | $85.97M |
| -Other Payable | $15.03M | $14.88M | $13.53M | $13.83M | $13.83M |
| Current Accrued Expenses | $26.31M | $18.34M | $13.06M | $22.21M | $22.21M |
| Short-Term Debt and Capital Lease Obligation | $16.92M | $15.30M | $10.47M | $5.14M | $5.14M |
| -Current Debt | $11.81M | $10.13M | $5.31M | – | – |
| -Current Capital Lease Obligation | $5.11M | $5.18M | $5.16M | $5.14M | $5.14M |
| Current Deferred Liabilities | $4.24M | $5.66M | $6.73M | $4.58M | $4.58M |
| Other Current Liabilities | $9.42M | $10.74M | $3.10M | $3.04M | $3.04M |
| Total Non-Current Liabilities | $332.23M | $331.49M | $232.61M | $78.02M | $78.02M |
| Long Term Accounts Payable and Other Payables | $4.25M | $4.10M | – | – | – |
| Long Term Debt and Capital Lease Obligation | $276.19M | $280.02M | $187.16M | $30.33M | $30.33M |
| -Long Term Debt | $248.39M | $251.40M | $157.68M | – | – |
| -Long Term Capital Lease Obligation | $27.80M | $28.62M | $29.48M | $30.33M | $30.33M |
| Derivative Product Liabilities | $10.29M | $8.31M | – | – | – |
| Non-Current Deferred Liabilities | $32.84M | $32.25M | $25.18M | $25.22M | $25.22M |
| Employee Benefits | $5.59M | $3.86M | – | – | – |
| Other Non-Current Liabilities | $3.07M | $2.94M | $20.27M | $22.48M | $22.48M |
| Total Equity | $403.69M | $411.20M | $468.04M | $743.20M | $743.20M |
| Stockholders' Equity | $403.69M | $411.20M | $468.04M | $743.20M | $743.20M |
| Capital Stock | $4,000.00 | $4,000.00 | $4,000.00 | $5,000.00 | $5,000.00 |
| -Common Stock | $4,000.00 | $4,000.00 | $4,000.00 | $5,000.00 | $5,000.00 |
| Additional Paid-In Capital | $1.39B | $1.39B | $1.38B | $1.64B | $1.64B |
| Retained Earnings | -$825.78M | -$824.29M | -$827.87M | -$829.54M | -$829.54M |
| Less: Treasury Stock | $149.19M | $140.05M | $88.42M | $63.40M | $63.40M |
| Gains/Losses Not Affecting Retained Earnings | -$13.04M | -$12.06M | – | – | – |
| -Accumulated Depreciation | – | – | – | -$30.94M | -$30.94M |
Cash flow
| Line item | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 ANNUAL | 2022 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $11.66M | -$76.21M | $988,000.00 | $106.62M | $96.71M |
| Net cash flow from continuing operations | $11.66M | -$76.21M | $988,000.00 | $117.07M | $107.17M |
| Net Income from Continuing Operations | -$1.50M | $3.58M | -$248,000.00 | $3.12M | -$1.60M |
| Gain/Loss from Continuing Operations | $430,000.00 | $406,000.00 | $399,000.00 | $1.50M | $392,000.00 |
| Depreciation & Depletion & Amortization | $10.55M | $9.82M | $9.93M | $37.73M | $9.87M |
| Deferred Tax | -$185,000.00 | -$1.05M | $194,000.00 | $1.70M | $2.29M |
| Other Non-Cash Items | $2.76M | $1.60M | $2.52M | $1.92M | $1.50M |
| Change in Working Capital | -$6.98M | -$93.86M | -$19.61M | $49.96M | $88.34M |
| -Change in Receivables | $269,000.00 | -$339,000.00 | -$1.98M | $1.65M | -$435,000.00 |
| -Change in Prepaid Assets | -$2.00M | -$10.15M | -$4.38M | -$1.66M | $2.09M |
| -Change in Payables and Accrued Expense | $9.63M | -$78.69M | -$10.52M | $77.63M | $94.27M |
| -Change in Other Current Assets | -$11.87M | -$2.07M | -$3.34M | -$21.43M | -$6.60M |
| -Change in Other Current Liabilities | -$1.35M | -$1.31M | -$1.31M | -$5.10M | -$1.31M |
| -Change In Other Working Capital | -$1.65M | -$1.30M | $1.91M | -$1.13M | $313,000.00 |
| Cash Flow from Discontinued Operating Activities | $0.00 | – | – | -$10.45M | – |
| Net cash flow from investing | -$5.32M | -$6.39M | -$2.35M | $665.84M | $686.74M |
| Net Cash Flow from Continuing Investing Activities | -$5.32M | -$6.39M | -$4.56M | -$22.78M | -$6.44M |
| Net PPE Purchase and Sale | -$2.76M | -$2.96M | -$2.54M | -$14.89M | -$2.29M |
| Net Other Investing Changes | -$2.57M | -$3.43M | -$2.02M | -$7.89M | -$4.14M |
| Financing Cash Flow | -$9.69M | $47.43M | -$117.61M | -$609.16M | -$593.93M |
| Net Cash Flow from Continuing Financing Activities | -$9.69M | $47.43M | -$117.61M | -$609.16M | -$524.42M |
| Net Issuance Payments Of Debt | -$1.69M | $98.31M | $161.54M | -$561.34M | -$525.44M |
| Net Common Stock Issuance | -$9.07M | -$51.17M | -$276.95M | -$35.00M | $0.00 |
| Proceeds from Stock Option Exercised | $1.15M | $1.51M | $1.14M | $4.92M | $2.11M |
| Net Other Financing Charges | -$76,000.00 | -$1.22M | -$3.34M | -$17.74M | -$1.10M |
| Cash Flow from Discontinued Financing Activities | $0.00 | $0.00 | $0.00 | $0.00 | -$69.51M |
| Ending Cash Balance | $106.44M | $109.79M | $144.96M | $263.93M | $263.93M |
| Net Change in Cash | -$3.36M | -$35.16M | -$118.97M | $163.30M | $189.52M |
| Beginning Cash Balance | $109.79M | $144.96M | $263.93M | $100.63M | $74.41M |
| Free Cash Flow | $8.90M | -$79.16M | -$1.56M | $91.73M | $94.42M |
| Net Business Purchase and Sale | – | – | – | $0.00 | – |
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