10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001468666-17-000027 |
| Period End Date | 20170430 |
| Filing Date | 20170606 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | scwx-20170505.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, par value (usd per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, par value (usd per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, par value (usd per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Preferred Stock, shares issued (in shares) |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$91.57M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$33.42M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$116.59M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$123.71M | USD | Point-in-time |
| Preferred Stock, shares issued (in shares) |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$123.16M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$113.55M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$1.95M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$1.47M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$51.48M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$51.95M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$284.04M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$267.68M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$31.20M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$31.15M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$416.49M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$416.49M | USD | Point-in-time |
| Purchased intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$254.99M | USD | Point-in-time |
| Purchased intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$261.92M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$6.13M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$5.70M | USD | Point-in-time |
| Total assets |
Assets
|
$999.30M | USD | Point-in-time |
| Total assets |
Assets
|
$976.48M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$25.55M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$24.12M | USD | Point-in-time |
| Accrued and other |
AccruedLiabilitiesCurrent
|
$59.70M | USD | Point-in-time |
| Accrued and other |
AccruedLiabilitiesCurrent
|
$45.28M | USD | Point-in-time |
| Short-term deferred revenue |
DeferredRevenueCurrent
|
$128.09M | USD | Point-in-time |
| Short-term deferred revenue |
DeferredRevenueCurrent
|
$119.91M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$198.92M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$203.73M | USD | Point-in-time |
| Long-term deferred revenue |
DeferredRevenueNoncurrent
|
$14.89M | USD | Point-in-time |
| Long-term deferred revenue |
DeferredRevenueNoncurrent
|
$14.75M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$82.38M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$89.39M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$307.88M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$296.20M | USD | Point-in-time |
| Commitments and Contingencies (Note 5) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies (Note 5) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred stock - $0.01 par value: 200,000 shares authorized; 0 shares issued |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock - $0.01 par value: 200,000 shares authorized; 0 shares issued |
PreferredStockValue
|
- | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$854.91M | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$857.31M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-160.86M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-175.09M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-3.43M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.74M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$691.42M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$680.28M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$976.48M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$999.30M | USD | Point-in-time |
Income Statement
28 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenue |
Revenues
|
$99.79M | USD | 1 Quarter |
| Net revenue |
Revenues
|
$113.59M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$49.85M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$53.94M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$49.94M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$59.65M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$17.60M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$19.48M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$30.26M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$37.17M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$23.40M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$21.09M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$80.05M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$68.94M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-19.00M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-20.40M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$365.00K | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-649.00K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-18.64M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-21.05M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-7.01M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-6.81M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-14.24M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-11.63M | USD | 1 Quarter |
| Net loss per common share, basic and diluted (usd per share) |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$-0.18 | USD | 1 Quarter |
| Net loss per common share, basic and diluted (usd per share) |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$-0.17 | USD | 1 Quarter |
| Weighted average common shares outstanding, basic and diluted (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
70.33M | shares | 1 Quarter |
| Weighted average common shares outstanding, basic and diluted (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
80.06M | shares | 1 Quarter |
Cash Flow Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-14.24M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-11.63M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$9.63M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$10.26M | USD | 1 Quarter |
| Change in fair value of convertible notes |
FairValueAdjustmentOfWarrants
|
$132.00K | USD | 1 Quarter |
| Change in fair value of convertible notes |
FairValueAdjustmentOfWarrants
|
- | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$360.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$3.63M | USD | 1 Quarter |
| Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies |
ForeignCurrencyTransactionGainLossBeforeTax
|
$459.00K | USD | 1 Quarter |
| Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-602.00K | USD | 1 Quarter |
| Income tax benefit |
DeferredIncomeTaxExpenseBenefit
|
$-7.01M | USD | 1 Quarter |
| Income tax benefit |
DeferredIncomeTaxExpenseBenefit
|
$-6.81M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$590.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$889.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-7.37M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$10.49M | USD | 1 Quarter |
| Due to / from parent |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-7.51M | USD | 1 Quarter |
| Due to / from parent |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$10.86M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-475.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$670.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$160.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$2.04M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$995.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$1.42M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$8.25M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$4.96M | USD | 1 Quarter |
| Accrued and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-7.57M | USD | 1 Quarter |
| Accrued and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-20.98M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-16.21M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-19.66M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.35M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.47M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-3.47M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-3.35M | USD | 1 Quarter |
| Proceeds from initial public offering, net |
ProceedsFromIssuanceInitialPublicOffering
|
$99.97M | USD | 1 Quarter |
| Proceeds from initial public offering, net |
ProceedsFromIssuanceInitialPublicOffering
|
- | USD | 1 Quarter |
| Capital contribution from parent, net |
ProceedsFromContributionsFromParent
|
- | USD | 1 Quarter |
| Capital contribution from parent, net |
ProceedsFromContributionsFromParent
|
$10.00M | USD | 1 Quarter |
| Principal payments on financing arrangement with Dell Financial Services |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
- | USD | 1 Quarter |
| Principal payments on financing arrangement with Dell Financial Services |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$-800.00K | USD | 1 Quarter |
| Taxes paid on vested restricted shares |
PaymentOfFinancingAndStockIssuanceCosts
|
$1.22M | USD | 1 Quarter |
| Taxes paid on vested restricted shares |
PaymentOfFinancingAndStockIssuanceCosts
|
- | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$109.97M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-2.02M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$90.29M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-25.03M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$91.57M | USD | Point-in-time |
| Cash and cash equivalents at beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$33.42M | USD | Point-in-time |
| Cash and cash equivalents at beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$116.59M | USD | Point-in-time |
| Cash and cash equivalents at beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$123.71M | USD | Point-in-time |
| Cash and cash equivalents at end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$91.57M | USD | Point-in-time |
| Cash and cash equivalents at end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$33.42M | USD | Point-in-time |
| Cash and cash equivalents at end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$116.59M | USD | Point-in-time |
| Cash and cash equivalents at end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$123.71M | USD | Point-in-time |
| Conversion of convertible notes to common stock |
DebtConversionConvertedInstrumentAmount1
|
$28.12M | USD | 1 Quarter |
| Conversion of convertible notes to common stock |
DebtConversionConvertedInstrumentAmount1
|
- | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaidNet
|
$85.00K | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
Stockholders Equity
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balances, February 3, 2017 |
StockholdersEquity
|
$691.42M | USD | Point-in-time |
| Balances, February 3, 2017 |
StockholdersEquity
|
$680.28M | USD | Point-in-time |
| Net loss |
NetIncomeLoss
|
$-14.24M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-11.63M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$693.00K | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$494.00K | USD | 1 Quarter |
| Vesting of restricted stock units |
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
|
- | USD | 1 Quarter |
| Common stock withheld as payment for withholding taxes upon the vesting of restricted shares |
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
- | USD | 1 Quarter |
| Common stock withheld as payment for withholding taxes upon the vesting of restricted shares |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$-1.22M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$3.63M | USD | 1 Quarter |
| Balances, May 5, 2017 |
StockholdersEquity
|
$691.42M | USD | Point-in-time |
| Balances, May 5, 2017 |
StockholdersEquity
|
$680.28M | USD | Point-in-time |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Foreign currency translation adjustments, tax |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
- | USD | 1 Quarter |
| Foreign currency translation adjustments, tax |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
- | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-14.24M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-11.63M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of zero tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$693.00K | USD | 1 Quarter |
| Foreign currency translation adjustments, net of zero tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$494.00K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-11.13M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-13.54M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.