Zix Corporation (Zix) is a leader in email security. Trusted by the nation's most influential institutions in healthcare, finance, and government, Zix delivers a superior experience and easy-to-use solutions for email encryption and data loss prevention, advanced threat protection, unified information archiving and bring device (BYOD) mobile security. Focusing on the protection of business communication, Zix enables its customers to better secure data and meet compliance needs.
Company profile
Ticker
ZIXI
Exchange
Website
CEO
David J. Wagner
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMTECH CORP, CUSTOMTRACKS CORP /TX/, ZIXIT CORP
SEC CIK
Corporate docs
Subsidiaries
AppRiver AG • AppRiver AG • AppRiver Canada ULC • AppRiver, LLC • AppRiver Parent, LLC • AppRiver UK Ltd. • ARM Research • CM2.com, Inc. • Greenview Data, Inc. • Total Defense, LLC ...
IRS number
752216818
ZIXI stock data
Calendar
9 Nov 21
12 Aug 22
31 Dec 22
Financial summary
| Quarter (USD) | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
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| Annual (USD) | Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 38.97M | 38.97M | 38.97M | 38.97M | 38.97M | 38.97M |
| Cash burn (monthly) | (no burn) | (no burn) | 839.67K | 597.5K | (no burn) | (no burn) |
| Cash used (since last report) | n/a | n/a | 8.76M | 6.24M | n/a | n/a |
| Cash remaining | n/a | n/a | 30.21M | 32.74M | n/a | n/a |
| Runway (months of cash) | n/a | n/a | 36.0 | 54.8 | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 23 Dec 21 | Miller Maribess L | Deferred Stock Units | Sale back to company | Dispose D | No | No | 8.5 | 55,838 | 474.62K | 0 |
| 23 Dec 21 | Miller Maribess L | Common Stock | Sale back to company | Dispose D | No | No | 8.5 | 73,613 | 625.71K | 55,838 |
| 23 Dec 21 | Noah F Webster | Common Stock | Sale back to company | Dispose D | No | No | 8.5 | 202,988 | 1.73M | 0 |
| 23 Dec 21 | Noah F Webster | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 36,238 | 0 | 0 |
| 23 Dec 21 | Robert C Hausmann | Deferred Stock Units | Sale back to company | Dispose D | No | No | 8.5 | 46,711 | 397.04K | 0 |
| 23 Dec 21 | Robert C Hausmann | Common Stock | Sale back to company | Dispose D | No | No | 8.5 | 68,210 | 579.79K | 46,711 |
| 23 Dec 21 | Ryan Allphin | Common Stock | Sale back to company | Dispose D | No | No | 8.5 | 150,000 | 1.28M | 0 |
| 23 Dec 21 | Ryan Allphin | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 72,475 | 0 | 0 |
| 23 Dec 21 | Ryan Allphin | Common Stock Options Common Stock | Sale back to company | Dispose D | No | No | 6.7 | 75,000 | 502.5K | 72,457 |
| 15 Dec 21 | Ryan Allphin | Common Stock | Option exercise | Acquire M | No | No | 6.7 | 25,000 | 167.5K | 150,000 |
Institutional ownership, Q4 2021
46.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 3 |
| Opened positions | 1 |
| Closed positions | 136 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 225.48M |
| Total shares | 26.47M |
| Total puts | 210.4K |
| Total calls | 6.7K |
| Total put/call ratio | 31.4 |
| Largest owners | Shares | Value |
|---|---|---|
| OTEX Open Text | 22.59M | $191.99M |
| Go Etf Solutions | 3.88M | $33.49M |
| Spring Creek Capital | 0 | $0 |
| Simplex Trading | 0 | $0 |
| True Wind Capital | 0 | $0 |
Financial report summary
?Risks
- Failure to complete the pending tender offer and merger could adversely affect our stock price and our future business and operations.
- The Merger Agreement contains provisions that could make it difficult for a third party to acquire us prior to the completion of the proposed acquisition.
- Our executive officers and directors may have interests that are different from, or in addition to, those of our stockholders generally.
Management Discussion
- Our revenue increase is the result of 14% and 12% growth in our core business in the three and nine months ended September 30, 2021, respectively, due to continued success in our subscription-based business model with both steady additions to the subscriber base and a high rate of existing customer renewals and the realization of previously contracted revenue in our backlog. Our CloudAlly business, acquired in November 2020, additionally contributed $2.1 million and $7.0 million in revenue to our three and nine months ended September 30, 2021, respectively. Additionally, with continued expansion into Europe, our German subsidiary, launched in the second quarter of 2021, contributed $92 thousand and $329 thousand of revenue in our three and nine months ended September 30, 2021, respectively.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. junior Avg
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New words:
advisory, anticipated, competing, difficult, discourage, document, exhibit, favor, fiduciary, fulfillment, Holdco, merger, negatively, Open, OpenText, party, pending, proposal, proposed, proposing, receipt, reference, regulatory, respond, solicit, Stockholder, tender, tendered, Text, timeframe, waiver, Zephyr
Removed:
decline
Financial reports
Current reports
8-K
Termination of a Material Definitive Agreement
23 Dec 21
8-K
Zix Reports Third Quarter 2021 Financial Results
8 Nov 21
8-K
Zix Reports Second Quarter 2021 Financial Results
5 Aug 21
8-K
Submission of Matters to a Vote of Security Holders
11 Jun 21
8-K
Departure of Directors or Certain Officers
4 Jun 21
8-K
Zix Reports First Quarter 2021 Financial Results
5 May 21
8-K
Zix Reports Fourth Quarter and Full Year 2020 Financial Results
25 Feb 21
8-K
Zix Reports Third Quarter 2020 Financial Results
9 Nov 20
8-K
Zix Reports Second Quarter 2020 Financial Results
5 Aug 20
8-K
Submission of Matters to a Vote of Security Holders
12 Jun 20
Registration and prospectus
15-12G
Securities registration termination
3 Jan 22
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Dec 21
POS AM
Prospectus update (post-effective amendment)
23 Dec 21
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Dec 21
POS AM
Prospectus update (post-effective amendment)
23 Dec 21
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Dec 21
POS AM
Prospectus update (post-effective amendment)
23 Dec 21
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Dec 21
POS AM
Prospectus update (post-effective amendment)
23 Dec 21
POS AM
Prospectus update (post-effective amendment)
23 Dec 21
Proxies
Other
EFFECT
Notice of effectiveness
28 Dec 21
EFFECT
Notice of effectiveness
28 Dec 21
EFFECT
Notice of effectiveness
28 Dec 21
EFFECT
Notice of effectiveness
28 Dec 21
EFFECT
Notice of effectiveness
28 Dec 21
EFFECT
Notice of effectiveness
28 Dec 21
EFFECT
Notice of effectiveness
28 Dec 21
EFFECT
Notice of effectiveness
28 Dec 21
EFFECT
Notice of effectiveness
28 Dec 21
EFFECT
Notice of effectiveness
28 Dec 21
Ownership
SC 13G/A
ZIX / SPRING CREEK CAPITAL ownership change
9 Feb 22
4
ZIX / MARK J BONNEY ownership change
28 Dec 21
4
ZIX / Maryclaire Campbell ownership change
28 Dec 21
4
ZIX / Leo John P. Di ownership change
28 Dec 21
4
ZIX / David E Rockvam ownership change
28 Dec 21
4
ZIX / TAHER ELGAMAL ownership change
28 Dec 21
4
ZIX / Ryan Allphin ownership change
28 Dec 21
4
ZIX / DAVID WAGNER ownership change
28 Dec 21
4
ZIX / Robert C Hausmann ownership change
28 Dec 21
4
ZIX / Noah F Webster ownership change
28 Dec 21
Patents
Utility
Creating a Machine Learning Policy Based on Express Indicators
28 Jul 22
According to some embodiments, a method performed by a classification scanner comprises receiving an electronic message and determining a classification that applies to the electronic message.
Utility
Creating a machine learning policy based on express indicators
24 May 22
According to some embodiments, a method performed by a classification scanner comprises receiving an electronic message and determining a classification that applies to the electronic message.
Utility
Asynchronous Method for Provisioning a Service Using File Distribution Technology
3 Feb 22
According to certain embodiments, a provisioning manager comprises an interface and processing circuitry.
Design
Building cladding panel end unit
18 Jan 22
Inventors: Amber Yvonne Gunderson
Design
Building cladding panel
7 Sep 21
Inventors: Amber Yvonne Gunderson
Transcripts
2021 Q2
Earnings call transcript
8 Aug 21
2021 Q1
Earnings call transcript
6 May 21
2020 Q4
Earnings call transcript
26 Feb 21
2020 Q3
Earnings call transcript
9 Nov 20
2020 Q2
Earnings call transcript
5 Aug 20
2020 Q1
Earnings call transcript
6 May 20
2019 Q4
Earnings call transcript
20 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
1 Aug 19
2019 Q1
Earnings call transcript
3 May 19