Company Quick10K Filing
GTY Technology
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 52 $367
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-13 Quarter: 2019-03-31
10-K 2019-03-18 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-16 Annual: 2017-12-31
10-Q 2017-11-13 Quarter: 2017-09-30
10-Q 2017-08-11 Quarter: 2017-06-30
10-Q 2017-05-12 Quarter: 2017-03-31
10-K 2017-03-24 Annual: 2016-12-31
10-Q 2016-12-12 Quarter: 2016-09-30
8-K 2020-01-14 Regulation FD, Exhibits
8-K 2019-12-12 Other Events, Exhibits
8-K 2019-11-07 Earnings, Exhibits
8-K 2019-10-14
8-K 2019-09-16 Shareholder Vote
8-K 2019-08-09 Earnings, Exhibits
8-K 2019-08-08 Officers, Exhibits
8-K 2019-07-02 Other Events, Exhibits
8-K 2019-06-24 Regulation FD, Exhibits
8-K 2019-06-04 Enter Agreement, Other Events, Exhibits
8-K 2019-05-20 Officers
8-K 2019-05-13
8-K 2019-05-07 Earnings, Officers, Exhibits
8-K 2019-02-19 Regulation FD, Exhibits
8-K 2019-02-19 Enter Agreement, M&A, Sale of Shares, Shareholder Rights, Control, Officers, Amend Bylaw, Shell Status, Other Events, Exhibits
8-K 2019-02-14 Shareholder Vote
8-K 2019-02-08 Enter Agreement, Sale of Shares, Other Events, Exhibits
8-K 2019-02-07 Other Events, Exhibits
8-K 2019-02-07 Shareholder Vote, Other Events
8-K 2019-02-04 Enter Agreement, Sale of Shares, Exhibits
8-K 2019-02-01 Enter Agreement, Sale of Shares, Exhibits
8-K 2019-01-22 Regulation FD, Exhibits
8-K 2019-01-14 Regulation FD, Exhibits
8-K 2019-01-14
8-K 2018-12-28 Enter Agreement, Exhibits
8-K 2018-11-23 Other Events
8-K 2018-11-13 Other Events, Exhibits
8-K 2018-10-30 Enter Agreement, Amend Bylaw, Shareholder Vote, Regulation FD, Exhibits
8-K 2018-10-22 Other Events, Exhibits
8-K 2018-10-10 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-09-12 Enter Agreement, Sale of Shares, Regulation FD, Other Events, Exhibits
8-K 2018-08-28
8-K 2018-06-27 Shareholder Vote
8-K 2018-01-03

GTY Technology Financials

GTYH Metrics, Comps, Filings

Annual | Quarterly

Business

GTY was formed as a blank check company incorporated on August 11, 2016 as a Cayman Islands exempted company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “business combination”). Until the consummation of the business combination, GTY did not engage in any operations nor generated any revenue.

On November 1, 2016, GTY consummated its initial public offering (the “initial public offering”) of 55,200,000 units (the “units”), including the issuance of 7,200,000 units as a result of the underwriters' exercise of their over-allotment option in full. Each unit consisted of one Class A ordinary share and one-third of one warrant. Each whole warrant entitled the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The units were sold at an offering price of $10.00 per unit, generating gross proceeds, before expenses, of $552 million. Prior to the consummation of the initial public offering, in August, 2016, the Sponsor purchased 8,625,000 Class B ordinary shares (the “founder shares”) for an aggregate purchase price of $25,000, or approximately $0.002 per share. On each of October 14 and October 26, 2016, GTY effected a share capitalization resulting in an aggregate of 11,500,000 and 13,800,000 founder shares outstanding, respectively. In October 2016, the Sponsor transferred 25,000 founder shares to each of GTY's independent director nominees at the same per-share purchase price paid by the Sponsor.

Simultaneously with the closing of the initial public offering, GTY consummated the private placement (“private placement”) of 8,693,334 warrants (“private placement warrants”), each exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $1.50 per private placement warrant, with the Sponsor, generating gross proceeds of approximately $13.04 million.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
AGM Group (AGMH) 594,172 0% 8,850 3,131 0 0 0 0 586,307
OneSpan (OSPN) 570,542 66% 27.1 -1% 347,173 102,358 221,136 146,712 -5,076 19,226 520,568
Zix (ZIXI) 531,601 65% 49.4 0% 412,433 263,443 111,541 72,231 1,724 13,946 688,778
Ribbon Communications (RBBN) 526,922 54% 30.5 1% 976,944 350,375 583,713 315,210 8,480 17,232 525,451
Formula Systems (FORTY) 525,850 0% 1,664,161 63,646 0 0 0 0 525,850
Digimarc (DMRC) 523,305 62% -15.8 -46% 70,839 8,437 21,981 13,626 -32,752 -31,086 490,139
Simulations Plus (SLP) 489,683 73% 34.8 17% 45,502 9,533 32,633 23,780 7,862 13,787 479,375
Castlight Health (CSLT) 433,716 62% -15.9 -12% 257,073 70,563 153,541 95,752 -30,224 -24,252 386,522
KeyW (KEYW) 424,025 26% 34.3 -3% 703,849 417,374 494,859 128,737 -22,931 20,280 696,100
PDF Solutions (PDFS) 409,039 55% -133.9 -4% 229,671 34,779 81,047 44,944 -8,597 -2,406 322,222
Brightcove (BCOV) 395,988 58% -36.2 -11% 169,554 97,457 171,403 100,253 -18,340 -10,359 374,779
Computer Programs & Systems (CPSI) 388,303 53% 13.4 5% 345,091 177,932 276,921 147,458 18,444 38,127 511,277
GTY Technology (GTYH) 367,176 60% -7.3 -10% 504,298 135,101 11,280 6,773 -52,387 -46,558 341,732
Synchronoss (SNCR) 326,013 56% -3.7 -29% 643,904 492,548 331,339 184,255 -184,066 -91,111 338,515
Pareteum (TEUM) 265,733 59% -28.6 -8% 246,868 77,209 79,508 46,792 -18,791 -9,146 261,250
Aerohive Networks (HIVE) 255,313 64% -10.8 -16% 140,338 129,591 149,721 96,408 -22,922 -18,771 201,946
Ooma (OOMA) 231,256 60% -12.8 -21% 79,298 48,487 138,678 82,533 -16,706 -16,997 217,238
Travelzoo (TZOO) 200,868 90% 14.7 11% 55,924 41,697 111,372 99,802 6,130 12,579 185,424
Veritone (VERI) 174,909 92% -2.1 -61% 109,562 55,063 31,940 29,356 -66,723 -61,106 129,636
Borqs Technologies (BRQS) 162,777 14% 88.0 -8% 127,804 78,487 186,428 26,728 -9,828 1,962 172,669

Balance Sheet ($'000)2016-12-312017-12-312018-12-31
Cash1,22056152
Accounts Receivable
Inventory
PP&E
Assets553,505557,446217,733
Accounts Payable695,124
Long-Term Debt
Liabilities19,40919,4909,839
Stockholders' Equity5,0005,0005,000
Income Statement ($'000)2016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A6946,957
Tax
Net Income3,8601,797
Cash Flow ($'000)2016-12-312017-12-312018-12-31
Cash Operating-658-1,109
Cash Investing0347,928
Cash Financing0-347,328