Tuesday, March 12, 2019

support.com Inc (SPRT) Files 10-K for the Fiscal Year Ended on December 31, 2018

support.com Inc (NASDAQ:SPRT) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. support.com Inc is a provider of cloud-based software and services for technology support. Its solutions include a SaaS-based Nexus Service Platform, mobile and desktop apps, and a scalable workforce of technology specialists. support.com Inc has a market cap of $43.500 million; its shares were traded at around $2.30 with and P/S ratio of 0.62.

For the last quarter support.com Inc reported a revenue of $18.0 million, compared with the revenue of $15.03 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $69.5 million, an increase of 15.7% from last year. For the last five years support.com Inc had an average revenue decline of 6.6% a year.

The reported loss per diluted share was 48 cents for the year, compared with the loss per share of $1.49 in the previous year. The support.com Inc had an operating margin of -0.09%, compared with the operating margin of -2.39% a year before. The 10-year historical median operating margin of support.com Inc is -21.61%. The profitability rank of the company is 2 (out of 10).

At the end of the fiscal year, support.com Inc has the cash and cash equivalents of $49.6 million, compared with $18.1 million in the previous year. The company had no long term debt. The interest coverage to the debt is 2.2, which is not a favorable level. support.com Inc has a financial strength rank of 8 (out of 10).

At the current stock price of $2.30, support.com Inc is traded at 68.9% discount to its historical median P/S valuation band of $7.39. The P/S ratio of the stock is 0.62, while the historical median P/S ratio is 2.04. The stock lost 7.6% during the past 12 months.

For the complete 20-year historical financial data of SPRT, click here.

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