WaveDancer (WAVD) Financial Statements
Price: $3.17
Market Cap: $2.13M
Avg Volume: 8.16K
Market Cap: $2.13M
Avg Volume: 8.16K
Country: US
Industry: Information Technology Services
Sector: Technology
Industry: Information Technology Services
Sector: Technology
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of WaveDancer.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.98M | $12.02M | $15.03M | $13.90M | $10.16M | $8.93M | $10.64M | $6.73M | $6.21M | $5.78M |
| Cost of Revenue | $5.58M | $9.44M | $11.42M | $11.69M | $8.77M | $6.79M | $8.22M | $4.91M | $3.84M | $3.40M |
| Gross Profit | $2.40M | $2.58M | $3.62M | $2.21M | $1.40M | $2.14M | $2.42M | $1.82M | $2.37M | $2.39M |
| Gross Profit Ratio | 30.00% | 21.46% | 24.10% | 15.89% | 13.77% | 23.99% | 22.70% | 27.09% | 38.18% | 41.28% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $4.91M | $9.50M | $5.29M | $1.50M | $1.88M | $1.75M | $7.73M | $2.39M | $1.75M | $1.69M |
| Selling and Marketing Expenses | $2.23K | $235.94K | $52.24K | $293.00K | $252.51K | $459.86K | $-5.55M | $506.91K | $556.10K | $739.93K |
| Selling General and Administrative Expenses | $4.91M | $9.73M | $5.29M | $1.80M | $2.13M | $2.21M | $2.18M | $2.39M | $2.30M | $2.43M |
| Other Expenses | $10.60K | $1.44M | $201.03K | $1.00K | $10.54K | $11.31K | $8.69K | $9.77K | $- | $- |
| Operating Expenses | $4.91M | $11.17M | $5.49M | $1.80M | $2.13M | $2.21M | $2.18M | $2.39M | $2.30M | $2.43M |
| Cost and Expenses | $10.50M | $20.62M | $16.91M | $13.49M | $10.89M | $9.00M | $10.40M | $7.29M | $6.15M | $5.82M |
| Interest Income | $- | $81.62K | $37.33K | $3.12K | $- | $- | $- | $- | $- | $- |
| Interest Expense | $103.26K | $81.62K | $37.33K | $3.12K | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $347.77K | $403.06K | $236.60K | $12.06K | $5.83K | $9.76K | $16.91K | $28.26K | $29.87K | $31.38K |
| EBITDA | $-2.17M | $-4.13M | $-1.64M | $428.57K | $-721.95K | $-52.59K | $254.68K | $-535.20K | $97.99K | $-8.46K |
| EBITDA Ratio | -27.13% | -57.91% | -10.80% | 2.96% | -7.10% | -0.59% | 2.16% | -7.95% | 1.41% | -0.32% |
| Operating Income | $-2.51M | $-8.59M | $-1.87M | $412.00K | $-727.79K | $-62.34K | $238.00K | $-563.45K | $68.12K | $-39.83K |
| Operating Income Ratio | -31.49% | -71.49% | -12.45% | 2.96% | -7.16% | -0.70% | 2.24% | -8.37% | 1.10% | -0.69% |
| Total Other Income Expenses Net | $699.07K | $-1.40M | $-329.94K | $1.53K | $10.54K | $11.31K | $8.69K | $9.77K | $10.21K | $10.05K |
| Income Before Tax | $-1.50M | $-18.85M | $-2.20M | $413.00K | $-717.25K | $-51.03K | $246.00K | $-553.68K | $78.33K | $-29.79K |
| Income Before Tax Ratio | -18.74% | -156.81% | -14.65% | 2.97% | -7.06% | -0.57% | 2.31% | -8.23% | 1.26% | -0.52% |
| Income Tax Expense | $-42.59K | $-1.10M | $-1.07M | $-12.06K | $-166.03K | $-11.31K | $-8.69K | $-9.77K | $-10.21K | $-10.05K |
| Net Income | $-2.14M | $-17.75M | $-1.13M | $413.38K | $-717.25K | $-51.03K | $246.00K | $-553.68K | $78.33K | $-29.79K |
| Net Income Ratio | -26.75% | -147.68% | -7.53% | 2.97% | -7.06% | -0.57% | 2.31% | -8.23% | 1.26% | -0.52% |
| EPS | $-1.10 | $-10.04 | $-0.90 | $0.37 | $-0.64 | $-0.05 | $0.22 | $-0.49 | $0.07 | $-0.03 |
| EPS Diluted | $-1.10 | $-10.04 | $-0.90 | $0.34 | $-0.64 | $-0.05 | $0.21 | $-0.49 | $0.07 | $-0.03 |
| Weighted Average Shares Outstanding | 1.95M | 1.77M | 1.26M | 1.12M | 1.12M | 1.12M | 1.12M | 1.12M | 1.12M | 1.12M |
| Weighted Average Shares Outstanding Diluted | 1.95M | 1.77M | 1.26M | 1.20M | 1.12M | 1.12M | 1.16M | 1.12M | 1.13M | 1.12M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $682.00K | $731.08K | $4.93M | $1.86M | $1.04M | $1.96M | $2.73M | $1.90M | $2.17M | $2.45M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $682.00K | $731.08K | $4.93M | $1.86M | $1.04M | $1.96M | $2.73M | $1.90M | $2.17M | $2.45M |
| Net Receivables | $1.12M | $1.63M | $1.66M | $1.44M | $668.71K | $652.84K | $617.43K | $1.16M | $1.30M | $974.52K |
| Inventory | $1 | $246.17K | $227.02K | $1 | $474.40K | $318.37K | $323.93K | $619.38K | $585.29K | $- |
| Other Current Assets | $267.35K | $442.44K | $276.99K | $142.77K | $500.16K | $393.53K | $368.63K | $663.56K | $603.34K | $759.98K |
| Total Current Assets | $1.98M | $2.80M | $6.87M | $3.44M | $2.21M | $3.01M | $3.72M | $3.72M | $4.07M | $4.18M |
| Property Plant Equipment Net | $303.57K | $973.52K | $778.15K | $113.00K | $159.44K | $7.15K | $11.00K | $27.20K | $42.04K | $53.67K |
| Goodwill | $1.13M | $1.13M | $7.59M | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $1.01M | $3.00M | $8.05M | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $2.13M | $4.13M | $15.63M | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $-694.58K | $-1.17M | $210.69K | $- | $- | $- | $- | $- | $- |
| Tax Assets | $227.73K | $694.58K | $1.17M | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $106.41K | $79.31K | $77.10K | $6.31K | $6.28K | $6.28K | $6.00K | $6.28K | $6.28K | $11.38K |
| Total Non-Current Assets | $2.77M | $5.18M | $16.49M | $330.00K | $165.72K | $13.43K | $17.00K | $33.48K | $48.32K | $65.06K |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $4.75M | $7.98M | $23.36M | $3.77M | $2.37M | $3.02M | $3.73M | $3.75M | $4.12M | $4.25M |
| Account Payables | $403.44K | $573.79K | $650.50K | $103.65K | $216.23K | $25.29K | $47.66K | $48.97K | $64.60K | $32.33K |
| Short Term Debt | $826.56K | $831.68K | $384.26K | $138.60K | $207.91K | $- | $- | $- | $- | $- |
| Tax Payables | $3.45K | $3.10K | $- | $- | $- | $- | $6.00K | $- | $- | $- |
| Deferred Revenue | $114.54K | $182.76K | $186.84K | $947.00K | $464.22K | $318.55K | $387.00K | $615.03K | $581.10K | $737.99K |
| Other Current Liabilities | $750.31K | $2.30M | $760.26K | $614.19K | $173.75K | $807.32K | $1.40M | $1.46M | $1.29M | $1.39M |
| Total Current Liabilities | $2.10M | $3.89M | $1.98M | $1.71M | $1.17M | $1.15M | $1.84M | $2.12M | $1.94M | $2.16M |
| Long Term Debt | $273.30K | $607.56K | $1.01M | $356.99K | $91.19K | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $-59.12K | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $243.91K | $59.12K | $1.17M | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $-120.47K | $-303.78K | $1.76M | $- | $-45.59K | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $380.56K | $362.90K | $3.94M | $450.00K | $45.59K | $343.85K | $434.66K | $664.01K | $645.70K | $770.32K |
| Other Liabilities | $1 | $- | $- | $- | $- | $-343.85K | $-434.66K | $-664.01K | $-645.70K | $-770.32K |
| Total Liabilities | $2.48M | $4.25M | $5.92M | $2.16M | $1.21M | $1.15M | $1.84M | $2.12M | $1.94M | $2.16M |
| Preferred Stock | $0 | $0 | $- | $- | $0 | $- | $- | $- | $1 | $- |
| Common Stock | $2.18K | $20.84K | $18.88K | $129.00K | $128.54K | $128.44K | $128.00K | $128.44K | $128.44K | $128.44K |
| Retained Earnings | $-33.23M | $-31.19M | $-13.44M | $-12.31M | $-12.72M | $-12.00M | $-11.95M | $-12.20M | $-11.64M | $-11.72M |
| Accumulated Other Comprehensive Income Loss | $-0 | $-0 | $0 | $0 | $-0 | $0 | $0 | $0 | $0 | $0 |
| Other Total Stockholders Equity | $35.49M | $34.92M | $30.86M | $13.79M | $13.75M | $13.75M | $13.72M | $13.70M | $13.69M | $13.68M |
| Total Stockholders Equity | $2.27M | $3.73M | $17.44M | $1.61M | $1.16M | $1.87M | $1.89M | $1.63M | $2.18M | $2.09M |
| Total Equity | $2.27M | $3.73M | $17.44M | $1.61M | $1.16M | $1.87M | $1.89M | $1.63M | $2.18M | $2.09M |
| Total Liabilities and Stockholders Equity | $4.75M | $7.98M | $23.36M | $3.77M | $2.37M | $3.02M | $3.73M | $3.75M | $4.12M | $4.25M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $4.75M | $7.98M | $23.36M | $3.77M | $2.37M | $3.02M | $3.73M | $3.75M | $4.12M | $4.25M |
| Total Investments | $- | $-694.58K | $-1.17M | $210.69K | $- | $- | $- | $- | $- | $- |
| Total Debt | $799.93K | $932.12K | $699.25K | $495.00K | $149.55K | $- | $- | $- | $- | $- |
| Net Debt | $117.94K | $201.04K | $-4.23M | $-1.36M | $-889.89K | $-1.96M | $-2.73M | $-1.90M | $-2.17M | $-2.45M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.70M | $-17.75M | $-1.13M | $413.38K | $-717.25K | $-51.03K | $246.46K | $-553.68K | $78.33K | $-29.79K |
| Depreciation and Amortization | $347.77K | $1.63M | $236.60K | $12.06K | $5.83K | $9.76K | $16.91K | $28.26K | $29.87K | $31.38K |
| Deferred Income Tax | $-42.93K | $-1.11M | $-1.07M | $-1.15M | $- | $- | $- | $-1.38K | $- | $-9.81K |
| Stock Based Compensation | $710.55K | $1.28M | $1.87M | $27.63K | $6.03K | $29.60K | $15.04K | $9.01K | $8.46K | $14.19K |
| Change in Working Capital | $113.69K | $-119.23K | $-188.21K | $-29.80K | $-211.85K | $-751.83K | $557.66K | $252.27K | $-389.61K | $96.53K |
| Accounts Receivables | $511.70K | $35.30K | $388.84K | $-773.52K | $-15.96K | $-37.12K | $541.67K | $133.01K | $-327.51K | $462.76K |
| Inventory | $1 | $- | $294.80K | $373.63K | $-532.50K | $-236.05K | $160.82K | $-165.93K | $98.65K | $489.83B |
| Accounts Payables | $-170.35K | $-76.71K | $-111.80K | $-112.58K | $190.93K | $-410.20K | $83.20K | $251.26K | $-3.85K | $-489.83B |
| Other Working Capital | $-227.66K | $-77.83K | $-760.05K | $482.66K | $145.67K | $-68.45K | $-228.03K | $33.93K | $-156.89K | $234.51K |
| Other Non Cash Items | $-2.25M | $9.37M | $-450.00K | $1.15M | $90 | $496.44K | $-576.02K | $9.01K | $7.97K | $14.19K |
| Net Cash Provided by Operating Activities | $-2.81M | $-6.01M | $-735.01K | $423.26K | $-917.15K | $-763.50K | $836.07K | $-256.51K | $-264.98K | $116.68K |
| Investments in Property Plant and Equipment | $- | $-535.90K | $-69.75K | $-64.55K | $-8.37K | $-5.77K | $-840 | $-13.42K | $-18.23K | $-32.16K |
| Acquisitions Net | $935.97K | $- | $-9.51M | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $1.40M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $1.40M | $-535.90K | $-2.30M | $-64.55K | $-8.37K | $1.72K | $911 | $-2.63K | $1.14K | $5.96K |
| Net Cash Used for Investing Activities | $2.34M | $-535.90K | $-9.58M | $-64.55K | $-8.37K | $-4.05K | $71 | $-16.05K | $-17.09K | $-26.20K |
| Debt Repayment | $75.00K | $425.00K | $- | $450.00K | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $347.11K | $1.89M | $13.29M | $10.00K | $1.00K | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $7.40K | $37.64K | $95.79K | $10.00K | $1.00K | $- | $- | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $429.51K | $2.35M | $13.39M | $460.00K | $1.00K | $- | $- | $- | $- | $- |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-49.09K | $-4.20M | $3.07M | $818.72K | $-924.51K | $-767.55K | $836.14K | $-272.56K | $-282.08K | $90.48K |
| Cash at End of Period | $682.00K | $731.08K | $4.93M | $1.86M | $1.04M | $1.96M | $2.73M | $1.90M | $2.17M | $2.45M |
| Cash at Beginning of Period | $731.08K | $4.93M | $1.86M | $1.04M | $1.96M | $2.73M | $1.90M | $2.17M | $2.45M | $2.36M |
| Operating Cash Flow | $-2.81M | $-6.01M | $-735.01K | $423.26K | $-917.15K | $-763.50K | $836.07K | $-256.51K | $-264.98K | $116.68K |
| Capital Expenditure | $- | $-535.90K | $-69.75K | $-64.55K | $-8.37K | $-5.77K | $-840 | $-13.42K | $-18.23K | $-32.16K |
| Free Cash Flow | $-2.81M | $-6.55M | $-804.77K | $358.72K | $-925.51K | $-769.27K | $835.23K | $-269.93K | $-283.21K | $84.52K |