Company profile

Ticker
SVMK
Exchange
CEO
Alexander J. Lurie
Employees
Incorporated in
Location
Fiscal year end
AlphabetFacebookBaiduIHS MarkitSabreTwitterTripAdvisorSnapYandexMatch ...
SEC CIK
IRS number
800765058

SVMK stock data

(
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Calendar

6 Aug 19
16 Sep 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 75.14M 68.64M 67.93M 65.21M
Net income -18.48M -17.78M -25.2M -102.36M
Diluted EPS -0.14 -0.14 -0.16 -0.99
Net profit margin -24.59% -25.90% -37.09% -157%
Operating income -15.75M -16.24M -19.47M -94.47M
Net change in cash -11.36M 12.1M -103.31M
Cash on hand 154.55M 165.91M 153.81M 257.12M
Cost of revenue 19.05M 17.53M 19.02M 23.21M
Annual (USD) Dec 18 Dec 17 Dec 16
Revenue 254.32M 218.77M 207.3M
Net income -154.74M -24.01M -76.35M
Diluted EPS -1.43 -0.24 -0.77
Net profit margin -60.84% -10.97% -36.83%
Operating income -126.49M -20.8M -34.5M
Net change in cash 118.46M 12.06M
Cash on hand 153.81M 35.35M 23.29M
Cost of revenue 77.98M 62.68M 67.76M

Financial data from SVMK earnings reports

Financial report summary

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Risks
  • Our business depends on our ability to retain and upgrade customers, and any decline in renewals or upgrades could adversely affect our business, results of operations and financial condition.
  • Our revenue growth rate has fluctuated in recent periods and may slow in the future.
  • Our business depends on a strong and trusted brand, and any failure to maintain, protect and enhance our brand would hurt our ability to retain or expand our customer and user base, our market share and our ability to attract and retain employees.
  • If we are unable to continue to increase adoption of our products through our self-serve model, our business, results of operations and financial condition may be adversely affected.
  • As a substantial portion of our sales efforts are increasingly targeted at winning SurveyMonkey Enterprise customers, our sales cycle may become lengthier and more expensive, we may encounter greater pricing pressure and our customers may be displeased with our customer support, all of which could harm our business and results of operations.
  • Any significant disruption in service or security on our websites or in our systems could result in a loss of users, damage to our reputation and harm to our business.
  • If our security measures are compromised, or if our websites are subject to attacks that degrade or deny the ability of users and respondents to access our products, or if our customer or respondent data are compromised, users may curtail or stop use of our survey platform.
  • Our industry is intensely competitive, and competitors may succeed in reducing our sales.
  • Our business, results of operations and financial condition may fluctuate on a quarterly and annual basis, which may result in a decline in our stock price if such fluctuations result in a failure to meet the expectations of securities analysts or investors.
  • We have substantial indebtedness and lease obligations, which reduce our capability to withstand adverse developments or business conditions.
  • Our results of operations may not immediately reflect downturns or upturns in sales because we recognize revenue from our users over the term of their paid subscriptions with us.
  • If we fail to effectively manage our growth, our business and results of operations could be harmed.
  • Our corporate culture has contributed to our success, and if we cannot maintain this culture as we grow, we could lose the innovation, creativity and teamwork fostered by our culture and our business may be harmed.
  • Our products and solutions and internal systems rely on software that is highly technical, and if it contains undetected errors, our business could be adversely affected.
  • We collect, process, store, share, disclose and use personal information and other data, which subjects us to governmental regulations and other legal obligations related to privacy and security, and our actual or perceived failure to comply with such obligations could harm our business.
  • Public scrutiny of internet privacy and security issues may result in increased regulation and different industry standards, which could deter or prevent us from providing our products to our customers, thereby harming our business.
  • Our business is subject to a variety of U.S. and foreign laws, many of which are unsettled and still developing and which could subject us to claims or otherwise harm our business.
  • We are subject to export and import control laws and regulations that could impair our ability to compete in international markets or subject us to liability if we violate such laws and regulations.
  • Our international operations involve risks that could increase our expenses, adversely affect our operating results and require increased time and attention of our management.
  • If currency exchange rates fluctuate substantially in the future, the results of our operations, which are reported in U.S. dollars, could be adversely affected.
  • Expansion into international markets is important for our growth, and as we expand internationally, we will face additional business, political, regulatory, operational, financial and economic risks, any of which could increase our costs and hinder such growth.
  • We derive, and expect to continue to derive, a substantial majority of our revenue from a limited number of software products.
  • If internet search engines’ methodologies are modified or our search result page rankings decline for other reasons, use and engagement by users could decline.
  • If we are unable to effectively operate on mobile devices, our business could be adversely affected.
  • Failure to protect or enforce our intellectual property rights could harm our business and results of operations.
  • We have relationships with third parties to provide, develop and create applications that integrate with our products, and our business could be harmed if we are not able to continue these relationships.
  • We may be subject to legal proceedings and litigation, including intellectual property and privacy disputes, which are costly to defend and could materially harm our business and results of operations.
  • The enactment of legislation implementing changes in the U.S. taxation of international business activities, the adoption of other tax reform policies or changes in tax legislation or policies in jurisdictions outside of the United States could materially impact our results of operations and financial condition.
  • Our operating results may be harmed if we are required to collect sales or other related taxes on subscriptions to our products in jurisdictions where we have not historically done so.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • Our business could be disrupted by catastrophic events and man-made problems, such as power disruptions, data security breaches and terrorism.
  • We may require additional capital to support business growth, and this capital might not be available on acceptable terms, if at all.
  • Acquisitions and investments could result in operating difficulties, dilution and other harmful consequences that may adversely impact our business, results of operations and financial condition.
  • We are an “emerging growth company,” and our election to comply with the reduced disclosure requirements as a public company may make our common stock less attractive to investors.
  • The tracking of certain of our user metrics is done with internal tools and is not independently verified. Certain of our user metrics are subject to inherent challenges in measurement, and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business.
  • Certain of our market opportunity estimates, growth forecasts and key business metrics included in this Quarterly Report on Form 10-Q could prove to be inaccurate, and any real or perceived inaccuracies may harm our reputation and negatively affect our business.
  • Indemnity provisions in various agreements potentially expose us to liability for intellectual property infringement, data protection and other losses.
  • The trading price of our common stock could be volatile, and you could lose all or part of your investment.
  • Shares of our common stock are subordinate in right of payment to our debts and other liabilities, resulting in a greater risk of loss for stockholders.
  • Our failure to comply with our credit agreement and other indebtedness could require us to abandon our business.
  • If securities or industry analysts publish reports that are interpreted negatively by the investment community or publish negative research reports about our business, our share price and trading volume could decline.
  • Sales of substantial amounts of our common stock in the public markets, or the perception that such sales could occur, could reduce the price that our common stock might otherwise attain.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of us more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.
  • Our amended and restated bylaws provide that the Court of Chancery of the State of Delaware and the federal district courts of the United States of America will be the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • We do not expect to declare any dividends in the foreseeable future.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Good