| 20-F | 2019-06-30 | Filed 2019-10-21 |
| 20-F | 2018-06-30 | Filed 2018-09-25 |
We are a global information technology (“IT”), consulting and solutions service provider focused on delivering services to global institutions in banking, insurance and financial sectors, both in China and globally. For more than ten years, we have served as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia and Hong Kong and their PRC-based IT centers.
Since our inception, we have aimed to build one of the largest sales and service delivery platforms for IT services and solutions in China. The nature of the Company's services is such that it provides a majority of services to its banking and credit card clients in order to build new or modify existing clients' own proprietary systems. We maintain eleven delivery and or research & development (“R&D”) centers to serve different customers in various geographic locations. Seven centers are located in China including cities of Shanghai, Beijing, Dalian, Tianjin, Chengdu, Guangzhou and Shenzhen. The remaining four centers are located in Hong Kong, Taiwan, Singapore and Australia. By combining onsite (when we send our team to our client) or onshore (when we send our team to client's overseas location) support and consulting with scalable and high-efficiency offsite (when we send our team to a location other than client's location) or offshore (when we send our team to a location that is other than a client's location overseas) services and processing, we are able to meet client demands in a cost-effective manner while retaining significant operational flexibility. By serving both Chinese and global clients on a common platform, we are able to leverage the shared resources, management, industry expertise and technological know-how to attract new business and remain cost competitive.
CLPS Incorporation was incorporated under the laws of the Cayman Islands on May 11, 2017. Our share capital is US$10,000, which is divided into 100,000,000 common shares authorized, or US$0.0001 par value per share. On December 7, 2017, the Board of Directors approved a nominal issuance of the following shares to the existing shareholders: 5,000,000 shares to Qinrui Ltd., 5,000,000 shares to Qinhui Ltd; 430,823 shares to Qinlian Ltd., 430,804 shares to Qinmeng Ltd. and 428,373 shares to Qinyao Ltd. All of the five shareholders are incorporated in the British Virgin Islands.
| Comps ($'000 TTM) | Market Cap | Gross Margin | EV/EBITDA | Ret on Assets | Assets | Liabilities | Revenue | G Profit | Net Income | EBITDA | EV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Red Violet (RDVT) | 147,591 | 34% | -32.2 | -13% | 49,640 | 7,585 | 21,236 | 7,258 | -6,220 | -4,171 | 134,254 |
| MAM Software (MAMS) | 131,123 | 55% | 26.8 | 11% | 33,100 | 16,543 | 37,264 | 20,542 | 3,763 | 4,885 | 131,081 |
| SharpSpring (SHSP) | 109,415 | 70% | -10.7 | -28% | 34,509 | 8,312 | 16,568 | 11,553 | -9,659 | -8,930 | 95,661 |
| Great Elm Capital Group (GEC) | 107,876 | 0% | 22.3 | -2% | 178,139 | 112,130 | 60,078 | 0 | -3,923 | 7,179 | 160,003 |
| iClick Interactive (ICLK) | 94,171 | 0% | 207,258 | 100,618 | 0 | 0 | 0 | 0 | 54,343 | ||
| Cyren (CYRN) | 92,416 | 60% | -7.1 | -21% | 60,324 | 40,045 | 28,862 | 17,361 | -12,679 | -12,796 | 90,292 |
| CLPS (CLPS) | 78,331 | 0% | 32,663 | 11,875 | 0 | 0 | 0 | 0 | 71,730 | ||
| Intellicheck (IDN) | 77,976 | 88% | -23.9 | -25% | 13,412 | 2,178 | 6,097 | 5,336 | -3,319 | -3,143 | 75,219 |
| Gridsum Holding (GSUM) | 75,528 | 0% | 915,390 | 860,580 | 0 | 0 | 0 | 0 | -18,490 | ||
| VMware (VMW) | 62,170 | 87% | 0.1 | 47% | 26,294 | 19,285 | 10,811 | 9,412 | 12,408 | 657,490 | 64,733 |
| NetSol (NTWK) | 65,072 | 67% | 4.9 | 9% | 88,379 | 22,314 | 48,358 | 32,318 | 7,770 | 9,731 | 47,450 |
| Aware (AWRE) | 60,746 | 43% | -20.4 | -0% | 65,899 | 5,134 | 13,812 | 5,905 | -222 | -623 | 12,739 |
| Medical Transcription Billing (MTBC) | 48,971 | 0% | 25.4 | -2% | 51,558 | 14,141 | 48,681 | 0 | -1,204 | 1,380 | 35,106 |
| Taoping (TAOP) | 46,771 | 0% | 41,616 | 24,012 | 0 | 0 | 0 | 0 | 45,118 | ||
| Zedge (ZDGE) | 39,459 | 84% | -21.0 | -39% | 8,851 | 2,759 | 8,468 | 7,111 | -3,438 | -1,796 | 37,800 |
| GSE Systems (GVP) | 34,726 | 24% | -11.0 | -9% | 63,859 | 37,336 | 157,932 | 38,406 | -5,836 | -3,729 | 41,088 |
| AudioEye (AEYE) | 34,264 | 56% | -4.8 | -71% | 9,005 | 6,014 | 7,198 | 4,026 | -6,357 | -6,357 | 30,800 |
| Qumu (QUMU) | 30,406 | 73% | -7.2 | -17% | 28,173 | 25,403 | 19,134 | 14,021 | -4,772 | -3,711 | 26,715 |
| Datasea (DTSS) | 19,897 | -11.6 | -18% | 7,931 | 2,556 | 0 | 0 | -1,458 | -1,427 | 16,578 | |
| My Size (MYSZ) | 13,746 | 97% | -2.6 | -124% | 3,434 | 1,524 | 31 | 30 | -4,243 | -4,243 | 10,923 |
| Balance Sheet ($'000) | 2018-06-30 | 2019-06-30 |
| Cash | 9,743 | 6,601 |
| Accounts Receivable | 16,268 | 19,264 |
| Inventory | ||
| PP&E | 791 | 1,214 |
| Assets | 30,945 | 32,663 |
| Accounts Payable | ||
| Long-Term Debt | ||
| Liabilities | 13,466 | 11,875 |
| Stockholders' Equity | 17,479 | 20,788 |
| Income Statement ($'000) | 2018-06-30 | 2019-06-30 |
| Revenue | ||
| Cost of Revenue | ||
| Gross Profit | ||
| R&D | ||
| SG&A | ||
| Tax | ||
| Net Income | ||
| Cash Flow ($'000) | 2018-06-30 | 2019-06-30 |
| Cash Operating | ||
| Cash Investing | ||
| Cash Financing | ||