Our critical accounting policies included. Read moreĪdditionally, the Company has evaluated. This significant valuation allowance reflects. Read moreįor intangible assets with finite. Read moreĬommission Amortization We amortize our. Read moreĪdjusting our valuation allowance could. Read moreĪlternatively, should our future income. The $35.9 million increase in 2020 compared to 2019 reflected in the table above resulted primarily from continued sales of Microsoft Office365 and hosted exchange products, which comprised 83% of AppRiver-related revenue earned for the year ended December 31, 2020. Our 2019 net loss is attributed to significant transaction and integration-related costs incurred to acquire AppRiver and DeliverySlip in 2019, amortization of intangible assets recognized from the same acquisitions as well as higher operating expenses and interest expense. The $8.5 million, or 28% decrease in general and administrative expense from 2020 compared with 2019 resulted primarily from reduction in acquisition and integration costs that were associated with our acquisitions of AppRiver and DeliverySlip in February 2019 and May 2019, respectively.
Other Inside Zix Corp's 10-K Annual Report:įor the year ended December 31, 2020, we achieved 26% growth in revenue, 48% gross margin and strong cash collections which increased our cash on hand level after investing back for business integration.Ī good or service is considered distinct if the customer can both benefit from the good or service on its own or with other resources that are readily available to the customer, and the promise to transfer the good or service is separately identifiable from other promises in the contract. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release. The following information was filed by Zix Corp (ZIXI) on Thursday, Februas an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. Suite into Microsoft Office 365 backup and addressing growing demand from AppRivers Managed Service Provider (MSP) channel and Zixs value-added reseller and direct channels. $31.3 million, an increase of 124% or $17.3 million compared to 2019.Īcquired CloudAlly, an industry leader in cloud-based data backup and recovery, expanding Zixs product The company ended the quarter with $21.4 million in cash. Non-GAAP adjusted net income per share before deemed dividends andĮxcluding deferred tax (benefit) expense increased 25.2% to $0.16.Īdjusted EBITDA increased 17% or $1.9 million to $13.4 million, representing an adjusted EBITDA margin
Non-GAAP adjusted net income before deemed dividends and excludingĭeferred tax (benefit) expense totaled $8.6 million compared to $6.7 million. GAAP fully diluted earnings (loss) per share attributable to common stockholders totaled ($0.10) compared to The companys Q4 2020 net loss attributable to common shareholders includes the effect of a deemed dividend to preferred shareholders of $2.3 million and acquisition-related expenses GAAP net loss attributable to common stockholders totaled ($5.3) million compared to a year ago net lossĪttributable to common stockholders of ($5.2) million. GAAP net loss totaled ($2.9) million compared to a year ago net loss of ($3.1) million.
Fourth Quarter 2020 Financial Highlights (results compared to the same year-ago quarter)Īnnual recurring revenue (ARR) increased 14% to $237.7 million.
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