Company profile

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

SVMK stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

8 May 20
3 Jun 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 88.27M 84.32M 79.32M 75.14M
Net income -24.25M -21.29M -16.31M -18.48M
Diluted EPS -0.18 -0.16 -0.12 -0.14
Net profit margin -27.47% -25.25% -20.56% -24.59%
Operating income -22.26M -19.51M -14.95M -15.75M
Net change in cash 13.59M 14.85M -38.36M -11.36M
Cash on hand 144.62M 131.04M 116.18M 154.55M
Cost of revenue 19.94M 20.32M 19.63M 19.05M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 307.42M 254.32M 218.77M 207.3M
Net income -73.86M -154.74M -24.01M -76.35M
Diluted EPS -0.56 -1.43 -0.24 -0.77
Net profit margin -24.03% -60.84% -10.97% -36.83%
Operating income -66.44M -126.49M -20.8M -34.5M
Net change in cash -22.77M 118.46M 12.06M
Cash on hand 131.04M 153.81M 35.35M 23.29M
Cost of revenue 76.52M 77.98M 62.68M 67.76M

Financial data from SVMK earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
26 May 20 Blum Lora D Common Stock Sell Dispose S 20.1418 1,611 32.45K 112,026
22 May 20 Lurie Alexander J Common Stock Grant Aquire A 10.2 2,084 21.26K 1,387,735
22 May 20 Hale Thomas E Common Stock Grant Aquire A 10.2 1,881 19.19K 447,882
22 May 20 Clifford Deborah Common Stock Grant Aquire A 14.4755 927 13.42K 260,437
22 May 20 Cantieri Rebecca Common Stock Grant Aquire A 10.2 1,611 16.43K 162,144
22 May 20 Blum Lora D Common Stock Grant Aquire A 10.2 1,611 16.43K 113,637
75.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 148 138 +7.2%
Opened positions 31 18 +72.2%
Closed positions 21 19 +10.5%
Increased positions 58 58
Reduced positions 40 39 +2.6%
13F shares
Current Prev Q Change
Total value 1.39B 2.07B -32.9%
Total shares 102.97M 101.28M +1.7%
Total puts 921.5K 179.6K +413.1%
Total calls 998.1K 138.5K +620.6%
Total put/call ratio 0.9 1.3 -28.8%
Largest owners
Shares Value Change
Wellington Management 14.95M $201.98M +4.6%
Capital International Investors 11.4M $154.06M +4.8%
Vanguard 9.8M $132.45M +2.3%
BLK BlackRock 8.46M $114.24M -2.8%
Lord, Abbett & Co. 4.35M $58.81M +83.4%
Keenan Capital 3.69M $49.88M +152.9%
Spyglass Capital Management 2.69M $36.33M +59.4%
Capital International 2.41M $32.49M -0.2%
Clearbridge Advisors 2.33M $31.5M +69.0%
Tiger Global Management 2.3M $31.06M 0.0%
Largest transactions
Shares Bought/sold Change
Spectrum Equity Management 5.1K -2.7M -99.8%
CRM salesforce.com 1.33M -2.51M -65.3%
FMR 1.04M -2.37M -69.4%
Keenan Capital 3.69M +2.23M +152.9%
Contour Asset Management 1.54M -2.12M -57.9%
Lord, Abbett & Co. 4.35M +1.98M +83.4%
Durable Capital Partners 1.28M +1.28M NEW
Norges Bank 0 -1.19M EXIT
Friess Associates 1.06M +1.06M NEW
Capital Research Global Investors 1.06M +1.06M NEW

Financial report summary

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Competition
Medallia
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.
  • One of our marketing strategies is to offer a limited free version of our product on a self-serve basis, and we may not be able to realize the benefits of this strategy.
  • 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.
  • We may not succeed in building a significant and effective salesforce, and we may fail to manage our sales channels effectively.
  • 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.
  • We may not timely and effectively scale and adapt our existing technology and network infrastructure to rapid technological changes, enhance our existing products and solutions or develop new products.
  • 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.
  • We may be required to delay recognition of some of our revenue, which may harm our financial results in any given period.
  • 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.
  • We depend on our talent to grow and operate our business, and if we are unable to hire, integrate, develop, motivate and retain our personnel, we may not be able to grow effectively.
  • 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 depend on our infrastructure and third-party data centers, and any disruption in the operation of these facilities or failure to renew the services could impair the delivery of our products and solutions and adversely affect 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.
  • Failure to comply with anti-bribery, anti-corruption and anti-money laundering laws could subject us to penalties and other adverse consequences.
  • 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.
  • If internet search engines’ methodologies are modified or our search result page rankings decline for other reasons, use and engagement by users could decline.
  • Our business depends on continued and unimpeded access to the internet and mobile networks by us and our users on personal computers and mobile devices.
  • 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.
  • Our use of open source software could negatively affect our ability to offer and sell subscriptions to our products and subject us to possible litigation.
  • 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 intended tax efficiency of our corporate structure and intercompany arrangements depend on the interpretation and application of the tax laws of various jurisdictions and on how we operate our business, and changes to our effective tax rate could adversely impact our results.
  • 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.
  • We have a history of net losses, we anticipate increasing expenses in the future and we may not be able to achieve or maintain profitability.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • The recent COVID-19 pandemic could harm our business and results of operations.
  • 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.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
  • 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.
  • 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.
  • 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.
  • Our debt service requirements and restrictive covenants limit our ability to borrow more money, to make distributions to our stockholders and to engage in other activities.
  • 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.
  • 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.
  • We do not expect to declare any dividends in the foreseeable future.
Management Discussion
  • Revenue increased for the year ended December 31, 2019 compared to the year ended December 31, 2018, primarily due to an 11% increase in the number of paying users from 646,727 as of December 31, 2018 to 720,921 as of December 31, 2019. The increase in revenue was also due in part to an 11% increase in ARPU from $406 for the year ended December 31, 2018 to $450 for the year ended December 31, 2019. The increase in ARPU is due to the increase in prices for individual plans on monthly subscriptions.
  • Cost of revenue decreased for the year ended December 31, 2019 compared to the year ended December 31, 2018, primarily due to $1.5 million decrease in personnel costs and lower capitalized software amortization of $6.1 million, partially offset by a $3.4 million increase in amortization of intangible assets due to our recent acquisitions as well as a $3.1 million increase in payment processing fees and web hosting costs due to increased sales. The
  • decrease in personnel costs was primarily due to a $5.0 million decrease in stock-based compensation as the year ended December 31, 2018 included the cumulative catch-up of stock based compensation recognized upon the completion of our IPO, offset by an increase of $3.5 million in employee-related expenses due to headcount growth.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Good
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