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CICN Cicero

Cicero, Inc. provides desktop activity intelligence, process intelligence and automation software to help organizations isolate issues and automate employee tasks in the contact center and back office. Its products include Cicero Discovery, Cicero Insight and Cicero Automation. The Cicero Discovery collects desktop activity leveraging a suite of sensors. The Cicero Insight is a measurement and analytics solution that collects and presents high value information about quality, productivity, compliance, and revenue from frontline activity to target areas for improvement. The Cicero Automation delivers all the features of the Cicero Discovery product as well as desktop automation for enterprise contact center and back office employees. The company was founded in 1988 and is headquartered in Cary, NC.

Company profile

Ticker
CICN
Exchange
CEO
John P. Broderick
Employees
Incorporated
Location
Fiscal year end
Former names
ACROSS DATA SYSTEMS INC, LEVEL 8 SYSTEMS, LEVEL 8 SYSTEMS INC
SEC CIK
IRS number
112920559

CICN stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

13 Aug 20
13 Jun 21
31 Dec 21
Quarter (USD)
Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Cicero 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) 45K 45K 45K 45K 45K 45K
Cash burn (monthly) 3K (positive/no burn) 167.33K 117.42K 120.67K 142.92K
Cash used (since last report) 34.46K n/a 1.92M 1.35M 1.39M 1.64M
Cash remaining 10.54K n/a -1.88M -1.3M -1.34M -1.6M
Runway (months of cash) 3.5 n/a -11.2 -11.1 -11.1 -11.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Apr 20 Mark Landis Common Stock Grant Aquire A No No 0.0085 300,000 2.55K 5,772,853

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

0.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 435K 350K +24.3%
Total shares 50K 50K
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Tower Bridge Advisors 50K $435K 0.0%
Largest transactions
Shares Bought/sold Change
Tower Bridge Advisors 50K 0 0.0%

Financial report summary

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Competition
NICEPegasystemsJacada
Risks
  • We have a history of losses and there are no assurances that such losses may not continue.
  • Our independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern.
  • We depend on an acceptance of our products for ongoing revenue.
  • Economic conditions could adversely affect our revenue growth and cause us not to achieve desired revenue.
  • Our ability to compete may be subject to factors outside our control.
  • The markets for our products are characterized by rapidly changing technologies, evolving industry standards, frequent new product introductions and short product life cycles.
  • The reputation of our software may be damaged and we may face a loss of revenue if our software products fail to perform as intended or contain significant defects.
  • Our business may be adversely impacted if we do not provide professional services to implement our solutions.
  • Our business may be adversely impacted by cyber security breach.
  • Because our software could interfere with the operations of customers, we may be subject to potential product liability and warranty claims by these customers.
  • The so-called “penny stock rule” could make it cumbersome for brokers and dealers to trade in our common stock, making the market for our common stock less liquid which could cause the price of our stock to decline.
  • We have not paid any dividends on our common stock and it is likely that no dividends will be paid in the future.
  • Provisions of our charter and Bylaws could deter takeover attempts.
Management Discussion
  • Revenue. The Company has three categories of revenue: software products, maintenance, and services. Software products revenue is comprised primarily of fees from licensing the Company's proprietary software products. Maintenance revenue is comprised of fees for maintaining, supporting, and providing periodic upgrades to the Company's software products. Services revenue is comprised of fees for consulting and training services related to the Company's software products.
  • The Company's revenues vary from quarter to quarter, due to market conditions, the budgeting and purchasing cycles of customers and the effectiveness of the Company’s sales force. The Company typically does not have any material backlog of unfilled software orders and product revenue in any quarter is substantially dependent upon orders received in that quarter. Because the Company's operating expenses are relatively fixed over the short term, variations in the timing of the recognition of revenue can cause significant variations in operating results from quarter to quarter.
  • On January 1, 2018, we adopted the new accounting standard Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers and all the related amendments (“the new revenue standard”) and applied it to all contracts using the modified retrospective method. According to the new guidance, revenue is recognized when promised goods or services are transferred to customers in an amount that reflects the consideration for which the Company expects to be entitled in exchange for those goods or services. We completed our review of contracts with our customers and did not need to record a cumulative effect adjustment to accumulated deficit upon adoption of the new revenue standard as of January 1, 2018. Based on the evaluation the Company performed on its customer contracts, the adoption has not and will not have a material impact on the Company’s financial position, results of operations, cash flow, accounting policies, business processes, internal controls or disclosures.
Content analysis
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Positive
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Readability
H.S. freshman Avg
New words: cancelation, canceled, lack