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General information

Country: UNITED STATES

Sector: Software — Application

BSQUARE Corporation provides software solutions and related engineering services to businesses that develop, market, and sell standalone intelligent systems in North America, Europe, and Asia. It operates through two segments, Partner Solutions and Edge to Cloud. The company offers B2IQ Imaging and Recovery Tool, a turnkey utility for managing the operating system image of a Windows-based device; and B2IQ Field Upgrade Tool, a streamlined utility for remote and cloud-based upgrades of Windows original equipment manufacturers (OEM) appliances and devices. It also provides B2IQ Edge and Cloud Suite, a collection of software components that securely connects edge devices and non-connected assets to the cloud; B2IQ Cloud Base that offers automatic registration of B2IQ Edge devices with the cloud; B2IQ Edge, a compact and edge client that supports bi-directional communication between devices, sensors, and cloud components; B2IQ Gateway, which supports bi-directional communication between constrained devices and the cloud; and B2IQ Edge Modules that includes B2IQ Modbus connector for industrial assets, the B2IQ Canbus connector for automotive assets, and the B2IQ SAE 1939 Canbus connector for diesel assets. In addition, the company offers various professional services, such as operating system (OS) upgrade and porting, embedded OS support, field upgrade consulting, OS lockdown, and M...
Website: bsquare.com



Growth: Good revenue growth rate 12.5%, there is acceleration compared to average historical growth rates -14.2%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is negative, -15.6%. On average the margin is improving steadily. Gross margin is low, +10.7%.

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -15.6% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 83.5% higher than minimum and 76.5% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 0.4x by EV / Sales multiple , the company can be 44.7% undervalued

Key Financials (Download financials)

Ticker: BSQR
Share price, USD:  (0.0%)1.89
year average price 1.5893  


year start price 1.0900 2023-05-06

min close price 1.0900 2023-05-06

max close price 1.9000 2023-11-30

current price 1.8900 2024-05-04
Common stocks: 20 406 000

Dividend Yield:  0.0%
Last revenue growth (y/y):  12.5%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  -14.2%
Historical growth of EBITDA:  ---
EV / Sales: 0.3x
Margin (EBITDA LTM / Revenue): -15.6%
Fundamental value created in LTM:
Market Cap ($m): 39
Net Debt ($m): -30
EV (Enterprise Value): 9
Price to Book: 1.2x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-10-12Proactive Investors

Bsquare stock rockets on Kontron America merger

2023-08-10Seeking Alpha

BSQUARE Corporation (BSQR) Q2 2023 Earnings Call Transcript

2023-07-27PRNewsWire

Bsquare Corporation Schedules Second Quarter 2023 Earnings Conference Call

2023-04-27PRNewsWire

Bsquare Corporation Schedules First Quarter 2023 Earnings Conference Call
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BSQR BSQR BSQR BSQR BSQR
reportedCurrency USD USD USD USD USD
cik 1M 1M 1M 1M 1M
fillingDate 2023-11-09 2023-08-10 2023-05-11 2023-03-07 2022-11-10
acceptedDate 2023-11-09 16:15:40 2023-08-10 16:14:25 2023-05-11 16:11:16 2023-03-07 16:08:58 2022-11-10 16:13:22
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3
revenue 9M 7M 8M 8M 8M
costOfRevenue 8M 5M 7M 7M 7M
grossProfit 995 000 1M 1M 1M 1M
grossProfitRatio 0.107 0.210 0.158 0.155 0.135
researchAndDevelopmentExpenses 297 000 283 000 284 000 266 000 259 000
generalAndAdministrativeExpenses 0 0 0 0 0
sellingAndMarketingExpenses 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 2M 2M 1M 2M 2M
otherExpenses 419 000 392 000 377 000 292 000 0
operatingExpenses 3M 2M 2M 3M 2M
costAndExpenses 11M 7M 9M 9M 10M
interestIncome 0 0 0 0 0
interestExpense 0 0 -133 000 -87 000 -29 000
depreciationAndAmortization 125 000 133 000 133 000 205 000 120 000
ebitda -1M -519 000 -448 000 -1M -1M
ebitdaratio -0.154 -0.080 -0.055 -0.139 -0.123
operatingIncome -2M -652 000 -448 000 -1M -1M
operatingIncomeRatio -0.167 -0.100 -0.055 -0.164 -0.137
totalOtherIncomeExpensesNet 419 000 392 000 377 000 87 000 29 000
incomeBeforeTax -1M -260 000 -71 000 -1M -1M
incomeBeforeTaxRatio -0.122 -0.040 -0.009 -0.153 -0.134
incomeTaxExpense 0 0 -377 000 -6000.000 -29 000
netIncome -1M -260 000 306 000 -1M -1M
netIncomeRatio -0.122 -0.040 0.038 -0.153 -0.130
eps -0.057 -0.013 0.015 -0.059 -0.054
epsdiluted -0.057 -0.013 0.015 -0.059 -0.054
weightedAverageShsOut 20M 20M 20M 20M 20M
weightedAverageShsOutDil 20M 20M 20M 20M 20M
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Balance Sheet Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BSQR BSQR BSQR BSQR BSQR
reportedCurrency USD USD USD USD USD
cik 1M 1M 1M 1M 1M
fillingDate 2023-11-09 2023-08-10 2023-05-11 2023-03-07 2022-11-10
acceptedDate 2023-11-09 16:15:40 2023-08-10 16:14:25 2023-05-11 16:11:16 2023-03-07 16:08:58 2022-11-10 16:13:22
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 9M 13M 8M 35M 26M
shortTermInvestments 23M 20M 26M 7000.000 11M
cashAndShortTermInvestments 32M 33M 34M 35M 37M
netReceivables 6M 5M 5M 4M 5M
inventory 222 000 221 000 221 000 221 000 0
otherCurrentAssets 398 000 544 000 701 000 410 000 772 000
totalCurrentAssets 38M 39M 40M 40M 42M
propertyPlantEquipmentNet 1M 2M 2M 2M 2M
goodwill 0 0 0 0 0
intangibleAssets 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 0 0
longTermInvestments 0 0 0 0 0
taxAssets 0 0 0 0 0
otherNonCurrentAssets 24 000 24 000 24 000 24 000 24 000
totalNonCurrentAssets 1M 2M 2M 2M 2M
otherAssets 0 0 0 0 0
totalAssets 40M 40M 42M 42M 44M
accountPayables 4M 4M 4M 4M 5M
shortTermDebt 373 000 373 000 367 000 362 000 351 000
taxPayables 0 0 0 0 0
deferredRevenue 81 000 126 000 179 000 201 000 346 000
otherCurrentLiabilities 514 000 589 000 580 000 662 000 570 000
totalCurrentLiabilities 5M 5M 6M 6M 7M
longTermDebt 824 000 908 000 981 000 1M 1M
deferredRevenueNonCurrent 0 0 7000.000 9000.000 43 000
deferredTaxLiabilitiesNonCurrent 0 0 -981 000 -1M 0
otherNonCurrentLiabilities 14 000 0 981 000 1M -5M
totalNonCurrentLiabilities 838 000 908 000 988 000 1M 1M
otherLiabilities 0 0 0 0 0
capitalLeaseObligations 1M 1M 1M 1M 1M
totalLiabilities 6M 6M 7M 7M 8M
preferredStock 0 1M 0 0 0
commonStock 172M 172M 172M 173M 173M
retainedEarnings -138M -136M -136M -136M -135M
accumulatedOtherComprehensiveIncomeLoss -1M -1M -1M -1M -1M
othertotalStockholdersEquity 0 -1M 0 0 0
totalStockholdersEquity 34M 35M 35M 35M 37M
totalEquity 34M 35M 35M 35M 37M
totalLiabilitiesAndStockholdersEquity 40M 40M 42M 42M 44M
minorityInterest 0 0 0 0 0
totalLiabilitiesAndTotalEquity 40M 40M 42M 42M 44M
totalInvestments 23M 20M 26M 7000.000 11M
totalDebt 1M 1M 1M 1M 1M
netDebt -8M -12M -6M -34M -25M
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Cash Flow Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BSQR BSQR BSQR BSQR BSQR
reportedCurrency USD USD USD USD USD
cik 1M 1M 1M 1M 1M
fillingDate 2023-11-09 2023-08-10 2023-05-11 2023-03-07 2022-11-10
acceptedDate 2023-11-09 16:15:40 2023-08-10 16:14:25 2023-05-11 16:11:16 2023-03-07 16:08:58 2022-11-10 16:13:22
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3
netIncome -1M -260 000 -71 000 -1M -1M
depreciationAndAmortization 125 000 133 000 133 000 124 000 120 000
deferredIncomeTax 0 0 0 0 0
stockBasedCompensation 155 000 63 000 15 000 122 000 183 000
changeInWorkingCapital -1M -170 000 -1M -163 000 186 000
accountsReceivables -1M 426 000 -779 000 629 000 1M
inventory 38 000 -21 000 0 0 0
accountsPayables 278 000 -566 000 -131 000 -803 000 -806 000
otherWorkingCapital -45 000 -9000.000 -455 000 11 000 -10000.000
otherNonCashItems 188 000 -268 000 -182 000 -87 000 0
netCashProvidedByOperatingActivities -2M -502 000 -1M -1M -636 000
investmentsInPropertyPlantAndEquipment -37 000 -55 000 -57 000 -116 000 -141 000
acquisitionsNet 0 0 0 -10M 0
purchasesOfInvestments -19M -9M -26M 7000.000 0
salesMaturitiesOfInvestments 16M 0 0 11M 0
otherInvestingActivites 0 16M 0 10M -11M
netCashUsedForInvestingActivites -3M 7M -26M 11M -11M
debtRepayment 0 0 0 0 0
commonStockIssued 0 0 0 81 000 0
commonStockRepurchased 0 -293 000 -366 000 -203 000 0
dividendsPaid 0 0 0 0 0
otherFinancingActivites 0 -293 000 25 000 -79 000 9000.000
netCashUsedProvidedByFinancingActivities 1000.000 -293 000 -341 000 -201 000 9000.000
effectOfForexChangesOnCash -9000.000 -5000.000 -4000.000 33 000 -14 000
netChangeInCash -4M 6M -28M 9M -11M
cashAtEndOfPeriod 9M 14M 8M 36M 26M
cashAtBeginningOfPeriod 14M 8M 36M 26M 38M
operatingCashFlow -2M -502 000 -1M -1M -636 000
capitalExpenditure -37 000 -55 000 -57 000 -116 000 -141 000
freeCashFlow -2M -557 000 -2M -1M -777 000
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Earning call transcript

2023 q2
2023-08-10 ET (fiscal 2023 q2)
2023 q1
2023-05-11 ET (fiscal 2023 q1)
2022 q4
2023-03-07 ET (fiscal 2022 q4)
2022 q3
2022-11-10 ET (fiscal 2022 q3)
2022 q2
2022-08-11 ET (fiscal 2022 q2)
2022 q1
2022-05-12 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2023-12-07 13:30 ET
KONTRON AND BSQUARE ANNOUNCE SUCCESSFUL COMPLETION OF TENDER OFFER
2023-11-30 21:05 ET
KONTRON AND BSQUARE URGE SHAREHOLDERS TO TENDER AS SOON AS POSSIBLE
2023-11-22 12:00 ET
KONTRON AND BSQUARE ANNOUNCE EXTENSION OF TENDER OFFER FOR ALL OUTSTANDING SHARES OF BSQUARE
2023-10-11 21:05 ET
KONTRON TO ACQUIRE BSQUARE FOR $1.90 PER SHARE
2023-08-10 20:05 ET
Bsquare Announces Second Quarter 2023 Financial Results
2023-07-27 20:45 ET
Bsquare Corporation Schedules Second Quarter 2023 Earnings Conference Call
2023-05-11 20:05 ET
Bsquare Announces First Quarter 2023 Financial Results
2023-04-27 20:45 ET
Bsquare Corporation Schedules First Quarter 2023 Earnings Conference Call
2023-03-07 21:05 ET
Bsquare Announces Fourth Quarter 2022 Financial Results
2023-02-21 21:45 ET
Bsquare Corporation Schedules Fourth Quarter 2022 Earnings Conference Call
2023-01-31 21:05 ET
Bsquare Announces New Chief Financial Officer
2022-11-29 14:15 ET
Bsquare Announces Share Repurchase Plan
2022-11-10 21:05 ET
Bsquare Announces Third Quarter 2022 Financial Results
2022-10-27 20:45 ET
Bsquare Corporation Schedules Third Quarter 2022 Earnings Conference Call
2022-10-18 20:05 ET
Bsquare Announces Plans to Declassify Board
2022-08-11 20:05 ET
Bsquare Announces Second Quarter 2022 Financial Results
2022-08-08 20:35 ET
Bsquare Corporation Welcomes Bernee D.L. Strom to the Board of Directors
2022-07-28 20:45 ET
Bsquare Corporation Schedules Second Quarter 2022 Earnings Conference Call
2022-05-12 20:05 ET
Bsquare Announces First Quarter 2022 Financial Results
2022-04-28 20:45 ET
Bsquare Corporation Schedules First Quarter 2022 Earnings Conference Call
2022-03-10 21:05 ET
Bsquare Announces Fourth Quarter 2021 Financial Results
2022-03-09 14:00 ET
Bsquare extends SquareOne device management capabilities with Intel vPro®
2022-02-24 21:45 ET
BSQUARE CORPORATION SCHEDULES FOURTH QUARTER 2021 EARNINGS CONFERENCE CALL
2021-11-30 19:11 ET
Bsquare Announces Device Hardening Solutions for Secure OS Configuration
2021-11-16 19:00 ET
Bsquare Announces Early Availability of SquareOne for Connected Device Management
2021-11-10 21:05 ET
Bsquare Announces Third Quarter 2021 Financial Results
2021-10-27 20:45 ET
Bsquare Corporation Schedules Third Quarter 2021 Earnings Conference Call
2021-08-12 20:05 ET
Bsquare Announces Second Quarter 2021 Financial Results
2021-07-29 20:45 ET
Bsquare Corporation Schedules Second Quarter 2021 Earnings Conference Call
2021-05-13 20:33 ET
Bsquare Announces First Quarter 2021 Financial Results
2021-04-29 20:45 ET
Bsquare Corporation Schedules First Quarter 2021 Earnings Conference Call
2021-03-18 20:05 ET
Bsquare Fourth Quarter 2020 Results Reflect Increasing Business Stability
2021-03-04 21:45 ET
Bsquare Corporation Schedules Fourth Quarter 2020 Earnings Conference Call
2021-02-17 21:45 ET
Bsquare and Itron Extend Agreement to Advance Industrial IoT Innovation
2020-11-12 21:51 ET
Bsquare Third Quarter 2020 Results Show Improving Financial Performance
2020-10-29 20:30 ET
Bsquare Corporation Schedules Third Quarter 2020 Earnings Conference Call
2020-08-13 20:05 ET
Bsquare Reports Second Quarter 2020 Financial Results
2020-07-30 20:05 ET
Bsquare Corporation Schedules Second Quarter 2020 Earnings Conference Call
2020-04-16 20:05 ET
Bsquare Receives $1.6 Million in Funding from the Paycheck Protection Program
2019-11-07 21:05 ET
Bsquare Reports Third Quarter 2019 Financial Results
2019-10-24 20:05 ET
Bsquare Corporation Schedules Third Quarter 2019 Earnings Conference Call
2019-09-10 20:05 ET
Bsquare Reports Inducement Grants Under NASDAQ Listing Rule 5635(C)(4)
2019-08-22 20:05 ET
Bsquare Announces Appointment of New Chief Financial Officer
2019-08-12 20:05 ET
Bsquare Reports Second Quarter 2019 Financial Results
2019-07-29 20:05 ET
Bsquare Corporation Schedules Second Quarter 2019 Earnings Conference Call
2019-07-12 13:00 ET
Bsquare Announces CFO Transition Plan
2019-06-27 13:00 ET
Bsquare Selected by Arcus FM to Help Develop Distributed Intelligence Solution for Facilities Management in Retail
2019-05-28 22:51 ET
Bsquare Reports Inducement Grant Under NASDAQ Listing Rule 5635(C)(4)
2019-05-13 20:05 ET
Bsquare Reports First Quarter 2019 Financial Results
2019-04-29 20:05 ET
Bsquare Corporation Schedules First Quarter 2019 Earnings Conference Call

SEC forms

Show financial reports only

SEC form 10
2023-11-09 16:15 ET
BSQUARE Corporation reported for 2023 q3
SEC form 10
2023-11-09 00:00 ET
BSQUARE Corporation published news for 2023 q3
SEC form 10
2023-08-10 16:14 ET
BSQUARE Corporation reported for 2023 q2
SEC form 6
2023-08-10 16:13 ET
BSQUARE Corporation published news for 2023 q2
SEC form 8
2023-08-10 00:00 ET
BSQUARE Corporation published news for 2023 q2
SEC form 10
2023-08-10 00:00 ET
BSQUARE Corporation published news for 2023 q2
SEC form 6
2023-06-16 16:36 ET
BSQUARE Corporation published news for 2023 q1
SEC form 10
2023-05-11 16:11 ET
BSQUARE Corporation published news for 2023 q1
SEC form 6
2023-05-11 16:09 ET
BSQUARE Corporation reported for 2023 q1
SEC form 10
2023-05-11 00:00 ET
BSQUARE Corporation published news for 2023 q1
SEC form 8
2023-05-11 00:00 ET
BSQUARE Corporation published news for 2023 q1
SEC form 6
2023-05-01 16:29 ET
BSQUARE Corporation published news for 2023 q1
SEC form 6
2023-04-21 16:47 ET
BSQUARE Corporation published news for 2023 q1
SEC form 10
2023-03-07 00:00 ET
BSQUARE Corporation reported for 2022 q4
SEC form 8
2023-03-07 00:00 ET
BSQUARE Corporation reported for 2022 q4
SEC form 8
2022-11-10 00:00 ET
BSQUARE Corporation reported for 2022 q3
SEC form 10
2022-11-10 00:00 ET
BSQUARE Corporation reported for 2022 q3
SEC form 8
2022-08-11 00:00 ET
BSQUARE Corporation reported for 2022 q2
SEC form 10
2022-08-11 00:00 ET
BSQUARE Corporation reported for 2022 q2
SEC form 8
2022-05-12 00:00 ET
BSQUARE Corporation reported for 2022 q1
SEC form 10
2022-05-12 00:00 ET
BSQUARE Corporation reported for 2022 q1
SEC form 10
2022-03-10 00:00 ET
BSQUARE Corporation published news for 2021 q4
SEC form 8
2022-03-10 00:00 ET
BSQUARE Corporation published news for 2021 q4
SEC form 10
2021-11-10 00:00 ET
BSQUARE Corporation published news for 2021 q3
SEC form 8
2021-11-10 00:00 ET
BSQUARE Corporation published news for 2021 q3
SEC form 10
2021-08-12 00:00 ET
BSQUARE Corporation published news for 2021 q2
SEC form 10
2021-05-13 00:00 ET
BSQUARE Corporation published news for 2021 q1