Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Cost of revenue77¢$31.0M
- Research and development3¢$1.0M
- Selling, general and admin21¢$8.5M
Out of $36.5M in revenue.3 The company lost money this year.
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue | $97.4M4 | $80.8M5 | $73.4M6 | $59.4M7 | $47.1M8 | $40.4M3 | $36.5M3 |
| Cost of revenue | $81.6M4 | $62.7M5 | $57.9M6 | $49.2M12 | $39.4M8 | $35.0M3 | $31.0M3 |
| Gross profit | $15.8M4 | $18.1M5 | $15.5M6 | $10.2M7 | $7.7M8 | $5.4M3 | $5.5M3 |
| Research and development | $2.9M4 | $6.6M5 | $8.6M6 | $5.8M12 | $266.0K8 | $1.3M3 | $1.0M3 |
| Selling, general and admin | $14.1M4 | $21.0M5 | $17.1M6 | $11.3M12 | $9.3M8 | $8.0M3 | $8.5M3 |
| Operating expenses | $9.3M3 | $9.7M3 | |||||
| Operating income | -$1.2M4 | -$9.4M5 | -$13.9M6 | -$9.2M7 | -$1.9M8 | -$3.9M3 | -$4.3M3 |
| Income before tax | -$2.2M3 | -$3.9M3 | |||||
| Income tax | $141.0K4 | -$149.0K5 | $13.0K6 | $16.0K12 | $08 | $03 | $03 |
| Net income | -$1.1M4 | -$9.1M5 | -$13.7M6 | -$9.1M7 | -$1.9M8 | -$2.2M3 | -$3.9M3 |
| Earnings per share | -$0.094 | -$0.725 | -$1.086 | -$0.717 | -$0.148 | -$0.133 | -$0.193 |
| Earnings per share (diluted) | -$0.094 | -$0.725 | -$1.086 | -$0.717 | -$0.148 | -$0.138 | |
| Shares (weighted, basic) | 16.6K shares3 | 20.4K shares3 | |||||
| Shares (weighted, diluted) | 16.6K shares3 | 20.4K shares3 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash | $14.3M4 | $12.9M5 | $10.0M6 | $7.7M12 | $12.6M8 | $39.5M3 | $35.4M3 |
| Receivables | $4.9M3 | $4.0M3 | |||||
| Current assets | $55.7M4 | $44.3M5 | $30.0M6 | $20.5M12 | $20.0M8 | $45.4M3 | $40.0M3 |
| Property, plant and equipment | $726.0K3 | $813.0K3 | |||||
| Intangible assets | $08 | ||||||
| Total assets | $61.0M4 | $49.4M5 | $32.0M6 | $23.1M12 | $22.3M8 | $47.8M3 | $42.2M3 |
| Accounts payable | $426.0K3 | $414.0K3 | |||||
| Current liabilities | $20.2M4 | $17.4M5 | $12.5M6 | $11.2M12 | $11.3M8 | $7.1M3 | $5.7M3 |
| Retained earnings | -$132.2M3 | -$136.1M3 | |||||
| Shareholders’ equity | $38.1M5 | $31.4M6 | $18.3M12 | $9.8M8 | $8.7M3 | $39.1M3 | $35.4M3 |
| Shares outstanding | 12.5M shares4 | 12.7M shares5 | 12.8M shares6 | 13.0M shares12 | 13.2M shares8 | 20.4M shares3 | 20.3M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$8.2M5 | -$7.4M6 | -$6.0M7 | $1.1M8 | -$4.4M3 | -$3.7M3 | |
| Depreciation and amortization | $485.0K3 | $435.0K3 | |||||
| Stock-based compensation | $674.0K3 | $420.0K3 | |||||
| Capital spending | $390.0K4 | $439.0K5 | $463.0K6 | $418.0K12 | $274.0K8 | $474.0K3 | $522.0K3 |
| Free cash flow | -$8.7M | -$7.8M | -$6.4M | $788.0K | -$4.8M | -$4.2M | |
| Cash from investing | -$474.0K3 | -$442.0K3 | |||||
| Share buybacks | $03 | $203.0K3 | |||||
| Cash from financing | $32.0M3 | -$259.0K3 |
Corporate structure
BSQUARE CORP /WA sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of BSQUARE CORP /WA
- GARDNER LEWIS ASSET MANAGEMENT L P Filed SC 13D/A on BSQUARE CORP /WA, latest Dec 13, 2023 (2 filings since Nov 13, 2023)
- Richard A. Karp Filed SC 13D/A on BSQUARE CORP /WA, latest Dec 11, 2023 (7 filings since May 13, 2022)
- Palogic Value Management, L.P. Filed SC 13D/A on BSQUARE CORP /WA, latest Dec 8, 2023 (2 filings since Oct 13, 2023)
- Kontron Merger Sub., Inc. Filed SC 13D on BSQUARE CORP /WA, latest Oct 23, 2023
- RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on BSQUARE CORP /WA, latest Feb 10, 2022
- BSQUARE CORP /WA Renton, Washington
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What BSQUARE CORP /WA reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.1M3 Dec 31, 2022 | $1.6M3 Dec 31, 2021 | +28.1% |
| Accumulated depreciation | $1.2M3 Dec 31, 2022 | $881.0K3 Dec 31, 2021 | +41.3% |
| Property and equipment, net | $813.0K3 Dec 31, 2022 | $726.0K3 Dec 31, 2021 | +12.0% |
| Operating-lease assets (leased space) | $1.3M3 Dec 31, 2022 | $1.6M3 Dec 31, 2021 | −18.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $35.4M3 Dec 31, 2022 | $39.5M3 Dec 31, 2021 | −10.4% |
| Marketable securities, current | $7.0K3 Dec 31, 2022 | $03 Dec 31, 2021 |
Intangibles and goodwill
Leadership
Who has led BSQUARE CORP /WA, and when. Pick a name to see everywhere that person has worked.
Chair
Chief financial officer
Chief operating officer
- Chief executive officerRalph C. Derrickson Mar 13, 2019 to Jun 6, 202213
- Chief executive officerJerry D. Chase Feb 27, 2014 to Mar 15, 201814
- Chief executive officerBrian Crowley Sep 5, 2006 to Oct 1, 201315
- ChairRyan L. Vardeman Jun 20, 2023 to Jun 20, 202316
- PresidentRalph C. Derrickson May 24, 2019 to Jun 6, 202217
- PresidentJerry D. Chase Feb 27, 2014 to Mar 15, 201814
- PresidentBrian Crowley Sep 5, 2006 to Oct 1, 201315
- Chief financial officerCheryl A. Wynne Dec 8, 2023 to Dec 8, 202318
- Chief financial officerChristopher Wheaton Sep 11, 2019 to Jan 15, 202119
- Chief financial officerPeter Biere Jan 3, 2017 to Jul 3, 201920
- Chief financial officerMartin L. Heimbigner Nov 5, 2014 to Aug 24, 201521
- Chief financial officerScott C. Mahan Sep 1, 2006 to Aug 14, 201422
- Chief operating officerGiles Frith Jun 12, 2018 to Oct 1, 201823
Board members and other officers (27)
- Chief Technology OfficerDavid Wagstaff May 31, 2016 to Nov 21, 201824
- VP WW OEM SalesScott Bruce Caldwell Apr 29, 2014 to Mar 15, 201825
- Sr. VP WW Sales & Mktg.Michael Tracy Stipe Oct 31, 2012 to Nov 7, 201226
- VP of Professional ServicesMark Whiteside May 10, 2011 to Jul 1, 201627
- VP, Worldwide Sales/Mktg.Mark McMillan Feb 24, 2010 to Feb 14, 201228
- Vice President of ProductsJohn F.k. Traynor Sep 2, 2010 to Oct 15, 201329
- Vice President of ProductsRajesh Khera Oct 16, 2007 to Apr 1, 200930
- Vice President of SalesLawrence C. Stapleton Apr 3, 2006 to Mar 25, 200831
- Vice President, PESCarey E. Butler Nov 22, 2006 to Feb 24, 201132
- Board memberRichard A. Karp Jun 20, 2023 to Jun 20, 202333
- Board memberBernee Dl Strom Aug 12, 2022 to Jun 20, 202334
- Board memberRalph C. Derrickson Mar 13, 2019 to Jun 6, 202213
- Board memberRyan L. Vardeman Jun 27, 2018 to Jul 5, 202235
- Board memberDavin Cushman Nov 6, 2018 to Jul 5, 202236
- Board memberRobert A. Desantis Aug 8, 2017 to Jun 13, 201837
- Board memberMary Jesse Aug 3, 2016 to Jun 20, 202338
- Board memberRobert J. Chamberlain Aug 26, 2015 to Jun 20, 202339
- Board memberHarel Kodesh Jul 2, 2013 to Dec 2, 201440
- Board memberJerry D. Chase Jul 2, 2013 to Mar 15, 201841
- Board memberAndrew Stanley Guy Harries Nov 15, 2012 to Jun 11, 202142
- Board memberDonald B. Bibeault Mar 15, 2006 to May 11, 201143
- Board memberElliott Ren Jurgensen Jr. Mar 15, 2006 to Nov 19, 201544
- Board memberElwood D. Howse Mar 15, 2006 to Jun 14, 201245
- Board memberKendra Vandermeulen Mar 15, 2006 to Jun 13, 201846
- Board memberScot E. Land Mar 15, 2006 to Jun 14, 201247
- Board memberWilliam D. Savoy Mar 15, 2006 to Feb 14, 201948
- Board memberBrian Crowley Sep 5, 2006 to Oct 1, 201315
Timeline
- Dec 8, 20238-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights49
- Oct 11, 20238-K Entered a material agreement; Other events50
- Aug 10, 20238-K Results of operations51
- Jun 16, 20238-K Shareholder vote52
- May 11, 20238-K Results of operations53
- Mar 7, 20238-K Results of operations54
- Mar 2, 20238-K Entered a material agreement55
- Jan 31, 20238-K Executive or director change; Regulation FD disclosure56
- Dec 7, 20228-K Exit or restructuring costs57
- Nov 30, 20228-K Shareholder vote; Other events58
- Nov 29, 20228-K Other events59
- Nov 10, 20228-K Results of operations; Other events60
- Mar 13, 2019New chief executive Ralph C. Derrickson becomes CEO13
- Feb 27, 2014New chief executive Jerry D. Chase becomes CEO14
- Sep 5, 2006New chief executive Brian Crowley becomes CEO15
Calendar
When it reported results
- Aug 10, 2023Reported quarterly or annual results51
- May 11, 2023Reported quarterly or annual results53
- Mar 7, 2023Reported quarterly or annual results54
- Nov 10, 2022Reported quarterly or annual results60
- Aug 11, 2022Reported quarterly or annual results61
- May 12, 2022Reported quarterly or annual results62
- Mar 10, 2022Reported quarterly or annual results63
- Nov 10, 2021Reported quarterly or annual results64
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
99 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 20 major events, 21 insider forms, 13 large holders, 35 other. The latest 20:
- Dec 18, 202315-12G EDGAR
- Dec 13, 2023SC 13D/A EDGAR
- Dec 12, 2023EFFECT EDGAR
- Dec 11, 2023SC 13D/A SC 13DA EDGAR
- Dec 8, 2023SC 13D/A EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023S-8 POS EDGAR
- Dec 8, 2023POS AM EDGAR
- Dec 8, 20238-K EDGAR
The 99 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 2, 2022 | Derrickson Ralph C | Buy | 5,000 | $1.34 | $6.7K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- GARDNER LEWIS ASSET MANAGEMENT L PSC 13D/A, 2 filings Nov 13, 2023 to Dec 13, 202365
- Richard A. KarpSC 13D/A, 7 filings May 13, 2022 to Dec 11, 202366
- Palogic Value Management, L.P.SC 13D/A, 2 filings Oct 13, 2023 to Dec 8, 202367
- Kontron Merger Sub., Inc.SC 13D, 1 filing Oct 23, 202368
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 1 filing Feb 10, 202269
SEC filer profile
How BSQUARE CORP /WA is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBSQUARE CORP /WA1
- CIK0001054721
- Employer ID (EIN)91-16508801
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inWashington1
- Fiscal year endsDecember 311
- Industry code (SIC)7389 Services-Business Services, NEC1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business addressPo Box 59478, Renton, WA 980581
- Phone425-519-59001
- Shares outstanding19,870,527 as of Oct 31, 202311
- Public float$22.0M as of Jun 30, 20223
- On EDGAR sinceAug 17, 19991
- Filings1,292 in all: 4 (670), 8-K (208), 10-Q (73), SC 13G/A (50), 3 (36), 10-K (24), DEF 14A (24), SC 13G (22)1
All 42 form types
CT ORDER (19), S-8 (19), S-8 POS (19), SC 13D/A (14), 4/A (13), 8-K/A (13), ARS (11), UPLOAD (10), CORRESP (7), S-1/A (7), 5 (5), SC 13D (5), 424B3 (4), PRE 14A (4), SC TO-T/A (4), 144 (3), SC 14D9 (3), SC 14D9/A (3), 10-K/A (2), 424B5 (2), DEFA14A (2), EFFECT (2), REGDEX (2), S-1 (2), 15-12G (1), 25-NSE (1), 3/A (1), 424B4 (1), 8-A12G (1), 8-A12G/A (1), POS AM (1), S-3 (1), SC TO-C (1), SC TO-T (1)
- Latest filingsAnnual report (10-K) Mar 7, 2023
Quarterly report (10-Q) Nov 9, 2023
Proxy statement (DEF 14A) May 1, 2023
Latest 8-K (8-K) Dec 8, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 4
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- 8
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- 16SEC EDGARRyan L. Vardeman, Chair
- 17SEC EDGARRalph C. Derrickson, President
- 18
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- 20SEC EDGARPeter Biere, Chief financial officer
- 21
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- 23SEC EDGARGiles Frith, Chief operating officer
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- 31
- 32SEC EDGARCarey E. Butler, Vice President, PES
- 33SEC EDGARRichard A. Karp, Board member
- 34SEC EDGARBernee Dl Strom, Board member
- 35SEC EDGARRyan L. Vardeman, Board member
- 36SEC EDGARDavin Cushman, Board member
- 37SEC EDGARRobert A. Desantis, Board member
- 38SEC EDGARMary Jesse, Board member
- 39SEC EDGARRobert J. Chamberlain, Board member
- 40SEC EDGARHarel Kodesh, Board member
- 41SEC EDGARJerry D. Chase, Board member
- 42
- 43SEC EDGARDonald B. Bibeault, Board member
- 44
- 45SEC EDGARElwood D. Howse, Board member
- 46SEC EDGARKendra Vandermeulen, Board member
- 47SEC EDGARScot E. Land, Board member
- 48SEC EDGARWilliam D. Savoy, Board member
- 49
- 50
- 51SEC EDGARResults of operations
- 52SEC EDGARShareholder vote
- 53SEC EDGARResults of operations
- 54SEC EDGARResults of operations
- 55SEC EDGAREntered a material agreement
- 56
- 57SEC EDGARExit or restructuring costs
- 58SEC EDGARShareholder vote; Other events
- 59SEC EDGAROther events
- 60SEC EDGARResults of operations; Other events
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