Docoh
Loading...

EPAY Bottomline Technologies

Bottomline makes complex business payments simple, smart, and secure. Corporations and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and bill review, and state of the art fraud detection, behavioral analytics and regulatory compliance solutions. Thousands of corporations around the world benefit from Bottomline solutions. Headquartered in Portsmouth, NH, Bottomline delights customers through offices across the U.S., Europe, and Asia-Pacific.

Company profile

Ticker
EPAY
Exchange
CEO
Robert Eberle
Employees
Incorporated
Location
Fiscal year end
Former names
BOTTOMLINE TECHNOLOGIES INC /DE/
SEC CIK
Subsidiaries
Fleet Street (US) Corp. • Bottomline Technologies Group Inc. • Bottomline Holdings LLC • BT General LLC • Create!form International, LLC • LAS Holdings LLC • LAS Services LLC • Allegient Systems LLC • Optio Software, LLC • BankSight LLC ...
IRS number
20433924

EPAY stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

24 Aug 21
28 Oct 21
30 Jun 22
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 143.77M 143.77M 143.77M 143.77M 143.77M 143.77M
Cash burn (monthly) (positive/no burn) 4.78M 1.97M 812.5K (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 18.83M 7.76M 3.2M n/a n/a
Cash remaining n/a 124.93M 136.01M 140.57M n/a n/a
Runway (months of cash) n/a 26.1 69.1 173.0 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Oct 21 Deluca Norman J Common Stock Sell Dispose S No Yes 45 5,000 225K 95,311
4 Oct 21 Eberle Robert A Common Stock Sell Dispose S No No 38.522 2,608 100.47K 467,953
3 Sep 21 Ken D'Amato Common Stock Sell Dispose S No No 42.9775 5,000 214.89K 15,000
2 Sep 21 Eberle Robert A Common Stock Sell Dispose S No No 42.604 1,393 59.35K 470,196
23 Aug 21 Savory Nigel K Common Stock Sell Dispose S No No 41.397 1,479 61.23K 161,544

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

88.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 204 201 +1.5%
Opened positions 30 24 +25.0%
Closed positions 27 29 -6.9%
Increased positions 82 74 +10.8%
Reduced positions 59 81 -27.2%
13F shares
Current Prev Q Change
Total value 1.5B 1.85B -18.8%
Total shares 40.45M 40.78M -0.8%
Total puts 201K 32.9K +510.9%
Total calls 47.8K 40.4K +18.3%
Total put/call ratio 4.2 0.8 +416.4%
Largest owners
Shares Value Change
BLK Blackrock 7.33M $271.92M +7.2%
Capital World Investors 4.69M $173.94M +0.0%
Vanguard 4.66M $172.62M -0.8%
STT State Street 1.39M $51.67M +3.1%
Aristotle Capital Boston 1.26M $46.63M -5.6%
Clearfield Capital Management 1.26M $46.61M NEW
IVZ Invesco 1.21M $44.73M -2.7%
Geneva Capital Management 1.03M $38.3M -2.5%
Hawk Ridge Capital Management 1.01M $37.36M NEW
MIG Capital 921.07K $34.15M -3.6%
Largest transactions
Shares Bought/sold Change
Conestoga Capital Advisors 0 -1.97M EXIT
Clearfield Capital Management 1.26M +1.26M NEW
Hawk Ridge Capital Management 1.01M +1.01M NEW
Westfield Capital Management 0 -612.38K EXIT
Kames Capital 0 -597.34K EXIT
BLK Blackrock 7.33M +490.28K +7.2%
MS Morgan Stanley 718.99K +417.17K +138.2%
Endeavour Capital Advisors 0 -389.82K EXIT
Rothschild & Co Asset Management Us 0 -353.82K EXIT
Clearline Capital 533.18K +345.3K +183.8%

Financial report summary

?
Risks
  • We have experienced rapid growth in recent periods, and we do not expect to grow at these historical rates in future periods.
  • We have a history of net losses, and we may not be able to achieve or maintain profitability in the future.
  • If we fail to retain our existing customers or to acquire new customers in a cost-effective manner, or if our customers fail to maintain their utilization of our products and services, our revenue may decrease and our business, financial condition, and results of operations could be adversely affected.
  • A large percentage of our revenue is concentrated with a small number of key customers, and if our relationships with any of these key customers were to be terminated or the level of business with them significantly reduced over time, our business, financial condition, results of operations, and future prospects would be adversely affected.
  • We face intense competition, and if we are unable to compete effectively, our business, financial condition, and results of operations could be adversely affected.
  • We have a limited operating history in an evolving industry, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful.
  • We expect to experience significant growth through strategic acquisitions and partnerships, including our acquisition of Title365, and we face risks related to the integration of such acquisitions and the management of such growth.
  • Changes in market interest rates could adversely affect our business, financial condition, and results of operations.
  • Our results of operations are likely to fluctuate from period to period, which could cause the market price of our Class A common stock to decline.
  • A cybersecurity incident affecting us or the third parties we rely on or partner with could expose us or our customers and consumers to a risk of loss or misuse of confidential information and significantly damage our reputation.
  • Growth of our business will depend on a trustworthy reputation and strong brand and any failure to maintain, protect, and enhance our brand would hurt our ability to retain or expand our base of customers and our ability to increase their level of engagement.
  • If we fail to manage our growth effectively, our reputation, business, financial condition, and results of operations could be adversely affected.
  • Systems failures and resulting interruptions in the availability of our website or platform, or other delays or slow response times from our website or platform, could adversely affect our business, financial condition, and results of operations.
  • We operate under a success-based business model and may rely on self-reporting of completed transactions by our customers, which can make it difficult to forecast revenue.
  • Our sales cycle can be unpredictable, time-consuming, and costly.
  • Our business is substantially dependent on revenue from the financial services industry and subject to risks related to the mortgage industry and the larger financial services industry. Our business may also be adversely affected by downturns in the mortgage industry.
  • We may encounter deployment challenges, which could adversely affect our business, financial condition, and results of operations.
  • Defects, errors, or vulnerabilities in our applications, backend systems, or other technology systems and those of third-party technology providers could harm our reputation and brand and adversely impact our business, financial condition, and results of operations.
  • Any failure to offer high-quality customer support by us or by partners, vendors, and other service providers may adversely affect our relationships with our customers and could adversely affect our reputation, brand, business, financial condition, and results of operations.
  • We experience significant seasonal fluctuations in our financial results, which could cause our Class A common stock price to fluctuate.
  • The market for cloud-based banking software is still in relatively early stages of growth and if this market does not continue to grow, grows more slowly than we expect or fails to grow as large as we expect, our business, financial condition, and results of operations could be adversely affected.
  • Unfavorable conditions in our industry or the global economy or reductions in technology spending could limit our ability to grow our business and adversely affect our financial condition and results of operations.
  • Future revenue growth depends upon our ability to adapt to technological change as well as global trends in the way customers access cloud-based banking software and successfully introduce new and enhanced products, services and business models.
  • We depend on our senior management team and our other highly skilled employees to grow and operate our business, and if we are unable to hire, retain, manage, and motivate our employees, or if our new employees do not perform as we anticipate, we may not be able to grow effectively and our business, financial condition, and results of operations could be adversely affected.
  • Misconduct and errors by our employees, partners, vendors, and other service providers could adversely affect our business, financial condition, results of operations, and reputation.
  • We plan to continue to expand and diversify our operations through strategic acquisitions and partnerships. We face a number of risks related to these transactions.
  • We are committed to expanding our platform and enhancing the user experience, which may not maximize short-term financial results and may yield results that conflict with the market’s expectations, which could result in our stock price being adversely affected.
  • We rely on assumptions, estimates, and unaudited financial information to calculate certain of our key metrics and other figures presented herein, and real or perceived inaccuracies in such metrics could adversely affect our reputation and our business.
  • Our marketing efforts to help grow our business may not be effective.
  • Negative publicity about us, our partners, vendors, and other service providers, or the financial services technology industry, could adversely affect our business, results of operations, financial condition, and future prospects.
  • Our company culture has contributed to our success and if we cannot maintain and evolve our culture as we grow, our business could be adversely affected.
  • The COVID-19 pandemic, or a similar public health threat, could adversely affect our business, financial condition, and results of operations.
  • If we are unable to effectively combat the increasing number and sophistication of fraudulent activities by third parties using our platform, we may suffer losses, which may be substantial, and lose the confidence of our customers, and government agencies and our business, financial condition, and results of operations may be adversely affected.
  • Our presence outside the United States and any future international expansion strategy will subject us to additional costs and risks and our plans may not be successful.
  • We may require additional capital to support business growth, and this capital might not be available on acceptable terms, if at all.
  • If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect or financial reporting standards or interpretations change, our results of operations could be adversely affected.
  • Operating as a public company requires us to incur substantial costs and requires substantial management attention. In addition, key members of our management team have limited experience managing a public company.
  • We may be subject to claims, lawsuits, government investigations, and other proceedings that may adversely affect our business, financial condition, and results of operations.
  • Our customers are, and in some cases we are or may be, subject to, and we facilitate compliance with, a variety of federal, state, and local laws, including those related to consumer protection and financial services.
  • Changes in laws or regulations relating to privacy, data protection, or the protection or transfer of personal information, or any actual or perceived failure by us to comply with such laws and regulations or any other obligations relating to privacy, data protection, or the protection or transfer of personal information, could adversely affect our business.
  • A heightened regulatory environment in the financial services industry may have an adverse impact on our customers and our business.
  • Failure to obtain or maintain state licenses or other regulatory infractions resulting in license revocation could impact our ability to offer products and services.
  • Regulation of title insurance rates and relationships with insurance underwriters could adversely affect our title insurance business.
  • Our position as an agent utilizing partners, vendors, and other service providers for issuing a significant amount of title and property and casualty insurance policies could adversely affect the frequency and severity of claims.
  • We and our insurance carriers and underwriters are subject to extensive insurance industry regulations.
  • The CFPB is a relatively new agency that has sometimes taken expansive views of its authority to regulate consumer financial services, creating uncertainty as to how the agency’s actions or the actions of any other new agency could adversely affect our business, financial condition, and results of operations.
  • Our business could be adversely impacted by changes in the Internet and mobile device accessibility of consumers, and our software platform’s failure to comply with existing or future laws governing the Internet and mobile devices.
  • Indemnity provisions in various agreements potentially expose us to substantial liability for intellectual property infringement, data protection and other losses.
  • We are subject to various U.S. and international anti-corruption laws and other anti-bribery and anti-kickback laws and regulations.
  • Taxing authorities may successfully assert that we have not properly collected or remitted, or in the future should collect or remit, sales and use, gross receipts, value added, or similar taxes or withholding taxes, and may successfully impose additional obligations on us, and any such assessments, obligations, or inaccuracies could adversely affect our business, financial condition, and results of operations.
  • Changes in, or interpretations of, U.S. and international tax laws and regulations could have a material adverse effect on our business, financial condition and results of operations.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • Integrating Title365 with our business may be more difficult, costly, or time-consuming than expected, and we may not realize the expected benefits of our acquisition of Title365, which may adversely affect our business, financial condition, and results of operations.
  • We have incurred, and will continue to incur, significant transaction costs and integration costs in connection with our acquisition of Title365.
  • Title365 may have liabilities that are not known to us.
  • The terms of our credit facility require us to meet certain operating and financial covenants and place restrictions on our operating and financial flexibility. If we raise additional capital through debt financing, the terms of any new debt could further restrict our ability to operate our business.
  • We may be unable to generate sufficient cash flow to satisfy our significant debt service obligations, which could have an adverse effect on our business, financial condition, results of operations, and cash flows.
  • Adverse changes in economic conditions, especially those affecting the levels of real estate and mortgage activity, may reduce our revenue and earnings, which could adversely affect our business, financial condition, and results of operations.
  • Our exposure to regulation and residential real estate transaction activity may be greater in California, where we source a significant proportion of our premiums.
  • Failures at financial institutions at which we deposit funds could adversely affect us.
  • Competition in the title insurance industry may adversely affect our business, financial condition, and results of operations.
  • Our success depends upon the real estate and title insurance industries continuing to adopt new products at their current pace and the continued growth and acceptance of digital products and services as effective enhancements and alternatives to traditional manual products and services.
  • We primarily rely on Amazon Web Services to deliver our services to users on our platform, and any disruption of or interference with our use of Amazon Web Services could adversely affect our business, financial condition, and results of operations.
  • We depend on the interoperability of our platform across third-party applications and services that we do not control.
  • We rely on partners, vendors, and other service providers to provide some of the software or data for our platform. If such partners, vendors, and other service providers interfere with the distribution of our platform or with our use of such software, our business could be adversely affected.
  • The loss of access to credit, employment, financial and other data from external sources could harm our ability to provide our products and services.
  • Failure to adequately protect our intellectual property could adversely affect our business, financial condition, and results of operations.
  • Intellectual property infringement assertions by third parties could result in significant costs and adversely affect our business, financial condition, results of operations, and reputation.
  • Our platform contains third-party open source software components, and failure to comply with the terms of the underlying open source software licenses could restrict our ability to provide our platform.
  • The multi-class structure of our common stock has the effect of concentrating voting power with Nima Ghamsari, Head of Blend, Co-Founder, and Chair of our board of directors, which will severely limit your ability to influence or direct the outcome of matters submitted to our stockholders for approval, including the election of our board of directors, the adoption of amendments to our certificate of incorporation and bylaws, and the approval of any merger, consolidation, sale of all or substantially all of our assets or other major corporate transaction.
  • Although we do not currently expect to rely on the “controlled company” exemption under the listing standards of the New York Stock Exchange, we expect to have the right to use such exemption and therefore we could in the future avail ourselves of certain reduced corporate governance requirements.
  • We cannot predict the effect our multi-class structure may have on the market price of our Class A common stock.
  • The trading price of our Class A common stock may be volatile, and you could lose all or part of your investment.
  • A substantial portion of the outstanding shares of our Class A common stock and Class B common stock are restricted from immediate resale, but may be sold on a stock exchange in the near future. The large number of shares eligible for public sale or subject to rights requiring us to register them for public sale could depress the market price of our Class A common stock.
  • We are an “emerging growth company” and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our Class A common stock less attractive to investors.
  • Delaware law and provisions in our Amended and Restated Certificate of Incorporation and amended and restated bylaws could make a merger, tender offer or proxy contest difficult, thereby depressing the market price of our Class A common stock.
  • Our amended and restated bylaws designate a state or federal court located within the State of Delaware as the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to choose the judicial forum for disputes with us or our directors, officers or employees.
  • If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about us, our business or our market, or if they change their recommendation regarding our Class A common stock adversely, the market price and trading volume of our Class A common stock could decline.
  • We do not expect to pay dividends in the foreseeable future.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg

Proxies

No filings