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ASTEA International Aktie - Fundamentalanalyse - Dividendenrendite KGV

ASTEA International (ISIN: US04622E2081, WKN: 893974) Kursdatum: 16.11.2017 Kurs: 2,550 USD
Beschreibung Daten
Symbol ATEA
Marktkapitalisierung 9.149.400,00 USD
Land Vereinigte Staaten von Amerika
Indizes NASDAQ Comp.
Sektor Software
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 2003-09-02 - 1:5 |
Internet www.astea.com
Letztes Bilanz Update 31.03.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 16.11.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
-6,49 5,75 0,00% -0,98 -38,50 -85,00 0,36 -2,17

Firmenbeschreibung

Selected Consolidated Quarterly Financial Data (Unaudited)   2015 Quarter Ended   Dec 31,     Sep 30,     Jun 30,     Mar 31,   Revenues $ 5,330,000   $ 5,228,000   $ 6,539,000 ) $ 5,860,000   Gross profit   1,397,000     877,000     1,913,000 )   1,658,000   Net loss      (1,985,000 )   (1,315,000   )   (273,000 )   (793,000 ) Net loss allocable to common shareholders      (2,110,000 )   (1,440,000 )   (398,000 )   (918,000 ) Basic and diluted net loss per share $ (0.59 ) $ (0.40 ) $ (0.11 ) $ (0.26 ) Shares used in computing basic and diluted net loss per share (in thousands)   3,587     3,587     3,587     3,587                             2014 Quarter Ended   Dec 31,     Sep 30,     Jun 30,     Mar 31,   Revenues $ 5,483,000   $ 5,115,000   $ 5,297,000   $ 4,839,000   Gross profit   1,559,000     1,317,000     1,661,000     986,000   Net loss    (639,000 )   (795,000 )   (752,000 )   (1,261,000 ) Net loss allocable to common shareholders   (764,000 )   (920,000 )   (827,000 )   (1,336,000 ) Basic and diluted net loss per share $ (0.21 ) $ (0.26 ) $ (0.23 )   $ (0.37 ) Shares used in computing basic and diluted    net loss per share (in thousands)   3,587     3,587     3,587     3,587  

Revenue Recognition

 

Astea’s revenue is principally recognized from three sources: (i) licensing arrangements, (ii) subscription services and (iii) services and maintenance.

 

The Company markets its products primarily through its direct sales force and resellers.  License agreements do not provide for a right of return, and historically, product returns have not been significant.

 

The Company recognizes revenue from license sales when all of the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred, the license fee is fixed and determinable and the collection of the fee is probable.  The Company utilizes written contracts as a means to establish the terms and conditions by which its product support and services are sold to customers.  Delivery is considered to have occurred when title and risk of loss have been transferred to the customer, which generally occurs after a license key has been delivered electronically to the customer.  Revenue for arrangements with extended payment terms in excess of one year is recognized when the payments become due, provided all other recognition criteria are satisfied.  If collectability is not considered probable, revenue is recognized when the fee is collected.  The Company’s typical end user license agreements do not contain acceptance clauses.  However, if acceptance criteria are required, revenues are deferred until customer acceptance has occurred.

 

If these criteria are not met, then revenue is deferred until such criteria are met or until the period(s) over which the last undelivered element is delivered. If there is objective and reliable evidence of fair value for all units of accounting in an arrangement, the arrangement consideration is allocated to the separate units of accounting based on each unit’s relative fair value. There may be cases, however, in which there is objective and reliable evidence of fair value of the undelivered item(s) but no such evidence for the delivered item(s). In those cases, the residual method is used to allocate the arrangement consideration. Under the residual method, the amount of consideration allocated to the delivered item(s) equals the total arrangement consideration less the aggregate fair value of the undelivered item(s). The Company applies the revenue recognition policies discussed below to each separate unit of accounting.

 

Astea allocates revenue to each element in a multiple-element arrangement based on the elements’ respective fair value, determined by the price charged when the element is sold separately.  Specifically, Astea determines the fair value of the maintenance portion of the arrangement based on the price, at the date of sale, if sold separately, which is generally a fixed percentage of the software license selling price.  The professional services portion of the arrangement is based on hourly rates which the Company charges for those services when sold separately from software.  If evidence of fair value of all undelivered elements exists, but evidence does not exist for one or more delivered elements, then revenue is recognized using the residual method.  If an undelivered element for which evidence of fair value does not exist, all revenue in an arrangement is deferred until the undelivered element is delivered or fair value can be determined.  Under the residual method, the fair value of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue.  The proportion of the revenue recognized upon delivery can vary from quarter-to-quarter depending upon the determination of vendor-specific objective evidence (“VSOE”) of fair value of undelivered elements.  The residual value, after allocation of the fee to the undelivered elements based on VSOE of fair value, is then allocated to the perpetual software license for the software products being sold.

 

When appropriate, the Company may allocate a portion of its software revenue to post-contract support activities or to other services or products provided to the customer free of charge or at non-standard rates when provided in conjunction with the licensing arrangement.  Amounts allocated are based upon standard prices charged for those services or products which, in the Company’s opinion, approximate fair value.  Software license fees for resellers or other members of the indirect sales channel are based on a fixed percentage of the Company’s standard prices.  The Company recognizes software license revenue for such contracts based upon the terms and conditions provided by the reseller to its customer. The Company regularly communicates with its resellers and recognizes revenue based on information from its resellers regarding possible returns and collectability. However, the Company does not have a history of returns from the resellers.

 

In subscription based arrangements, even though customers use the software element, they generally do not have a contractual right to take possession of the software at any time during the hosting period without significant penalty to either run the software on its own hardware or contract with an unrelated third party to host the software. Accordingly, software as a service (SaaS) arrangements, including the software license fees within the arrangements, are accounted for as subscription services provided all other revenue recognition criteria have been met.  The revenue is recognized on a straight-line basis over the lifetime of the contract. A SaaS contract is generally 1 to 3 years in duration. In accordance with generally accepted accounting principles, the Company may not recognize any SaaS revenue before the services go live, to ensure that the revenue will match the use of services. The implementation period can usually be anywhere between 3 and 12 months. When upfront implementation, consulting and training services are bundled with the subscription based arrangement, the services are recognized over the remaining life of the initial contract, once the project goes live.

 

The post-contract support on perpetual licenses provides for technical support and unspecified updates to the Company's software products. Post-contract support is charged separately for renewals of annual maintenance in subsequent years. Fair value for maintenance is based upon either renewal rates stated in the contracts or separate sales of renewals to customers. Revenue is recognized ratably, or monthly, over the term of the maintenance period, which is typically one year.

 

Consulting revenue and training service revenue are generally unbundled and recognized at the time the services are performed, except as noted above, when these services are bundled with subscription revenues. If the Company enters into a fixed-price arrangement for services, the revenue is recognized using the proportional performance method based on direct labor hours incurred to date as a percentage of total estimated direct labor hours required to complete the project.  Fees from licenses sold together with consulting services are generally recognized upon shipment, provided that the contract has been executed, delivery of the software has occurred, fees are fixed and determinable and collection is probable. The Company offers a variety of consulting services that include project management, implementation, data conversion, integration, custom report writing and training. Our professional services are generally billed on a time and materials basis using hourly rates together with reimbursement for travel and accommodation expenses. We recognize revenue as these professional services are performed. On rare occasions these consulting service arrangements involve acceptance criteria. In these cases, revenue is recognized upon acceptance.

 

We present taxes assessed by a governmental authority including sales, use, value added and excise taxes on a net basis. Therefore, the presentation of these taxes is excluded from our revenues and is included in accrued expenses in the accompanying consolidated balance sheets until such amounts are remitted to the taxing authority.

 

SegmentReportingDisclosureTextBlock

Geographic Segment Data

 

The Company and its subsidiaries are engaged in the design, development, marketing and support of its service management software solutions.  Substantially all revenues result from the license of the Company’s software products and related professional services and customer support services.  The Company’s chief executive officer reviews financial information presented on a consolidated basis, accompanied by disaggregated information about revenues by geographic region for purposes of making operating decisions and assessing financial performance.  Accordingly, the Company considers itself to have three reporting segments as follows:

 

 

EarningsPerSharePolicyTextBlock

Loss Per Share

 

Loss per share is computed on the basis of the weighted average number of shares and common stock equivalents outstanding during the period.  In the calculation of diluted earnings per share, shares outstanding are adjusted to assume conversion of the Company’s non-interest bearing convertible stock and exercise of options as if they were dilutive.  In the calculation of basic loss per share, weighted average numbers of shares outstanding are used as the denominator.

 

The Company had net loss allocable to the common stockholders for the years ended December 31, 2015 and 2014.  All options outstanding at December 31, 2015 and 2014 to purchase shares of common stock and shares of common stock issued on the assumed conversion of the eligible preferred stock were excluded from the diluted loss per common share calculation as the inclusion of these options and shares would have been antidilutive.

 

Year ended December 31,

 

2015

 

2014

 

Revenues

 

 

 

 

 

     Software license fees

 

 

 

  

 

               United States

 

$

3,237,000

 

$

1,902,000

 

                   Total United States software license fees

 

 

3,237,000

 

 

1,902,000

 

          Europe

 

 

1,303,000

 

 

1,102,000

 

          Asia/Pacific

 

 

460,000

 

 

353,000

 

                   Total foreign software license fees

 

 

1,763,000

 

 

1,455,000

 

                        Total software license fees

 

 

5,000,000

 

 

3,357,000

 

     Subscriptions

 

 

 

 

 

 

 

               United States

 

 

732,000

 

 

617,000

 

                   Total United States subscriptions

 

 

732,000

 

 

617,000

 

          Europe

 

 

28,000

 

 

-

 

          Asia/Pacific

 

 

322,000

 

 

173,000

 

                    Total foreign subscriptions

 

 

350,000

 

 

173,000

 

                        Total subscriptions

 

 

1,082,000

 

 

790,000

 

     Services and maintenance

 

 

 

 

 

 

 

               United States

 

 

10,975,000

 

 

10,319,000

 

                        Total United States services and maintenance revenue

 

 

10,975,000

 

 

10,319,000

 

         Europe

 

 

2,832,000

 

 

3,325,000

 

         Asia/Pacific

 

 

3,068,000

 

 

2,943,000

 

                    Total foreign services and maintenance revenue

 

 

5,900,000

 

 

6,268,000

 

                  

                        Total services and maintenance revenue

 

 

16,875,000

 

 

16,587,000

 

 

Total revenue

 

$

22,957,000

 

$

20,734,000

 

Net loss    

 

 

 

 

 

Years ended December 31,

 

2015

 

 

2014

 

Net loss

$

(4,366,000

)

$

(3,447,000

)

Preferred dividend

 

500.000

 

 

400,000

 

 

 

 

 

 

 

 

Net loss allocable available to common shareholders

 

(4,866,000

)

 

(3,847,000

)

 

 

 

 

 

 

 

Basic and diluted weighted average number of common shares outstanding

 

 3,587,000

 

 

3,587,000

 

 

 

 

 

 

 

 

Basic and diluted loss per common share

$

(1.36

)

$

(1.07

)

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