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TZOO Price Correlated With Financials For Travelzoo

Free historical financial statements for Travelzoo. See how revenue, income, cash flow, and balance sheet financials have changed over 43 quarters since 2012. Compare with TZOO stock chart to see long term trends.

TZOO Stock Compared to Quarterly

TZOO Income Statement

Revenue, Net:15849000
Revenue Per Share:1.269
Cost of Goods & Services Sold:2324000
Gross Profit:13525000
Selling, General & Admin Expense:8512000
Research & Development Expense:484000
Total Operating Expenses:13252000
Operating Income:1109000
Income Taxes:317000
Net Income:797000
Earnings Per Share, Basic:0.06
Shares Outstanding, Basic Avg:12489000

TZOO Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:534000
Change in Accounts Receiveable:-2671000
Net Cash from Operations:-3859000
Net Cash from Operations Per Share:-0.309
Repurchases/Buybacks Common Stock:1170000
Net Cash from Financing Activities:-1124000
Property, Plant & Equipment Purchases:0
Net Cash from Investing Activities:-61000
Net Change in Cash & Equivalents:-6135000

TZOO Balance Sheet

Cash and Cash Equivalents:20545000
Accounts Receivable, Net:11835000
Total Current Assets:35508000
Property, Plant & Equipment, Net:505000
Total Assets:68320000
Accounts Payable:3557000
Total Short-Term Liabilities:52871000
Long Term Debt, Non-Current Portion:null
Total Liabilities:63068000

Insider Trading

SEC Form 4
3,410,000 sh at $4
BARTEL RALPH   10% Owner
3,410,000 sh at $4

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Forager Capital Management, LLC
861,192 sh
Invenomic Capital Management Lp
489,616 sh
-13,965 sh
Renaissance Technologies LLC
419,091 sh
-50,305 sh
Acadian Asset Management LLC
400,273 sh
-77,050 sh
Vanguard Group Inc
379,030 sh
69,692 sh
Dimensional Fund Advisors LP
288,677 sh
-32,175 sh
Blackrock Inc.
139,573 sh
253 sh
Bank Of New York Mellon Corp
85,277 sh
549 sh
Geode Capital Management, LLC
63,535 sh
CastleKnight Management LP
56,089 sh
Russell Investments Group, Ltd.
41,960 sh
Costello Asset Management, INC
41,770 sh
-21,768 sh
Bridgeway Capital Management Inc
32,643 sh
-20,000 sh
State Street Corp
29,869 sh
Northern Trust Corp
26,932 sh
1,471 sh
Eidelman Virant Capital
24,000 sh
Morgan Stanley
19,492 sh
1,000 sh
Boyar Asset Management Inc.
19,350 sh
7,000 sh
Eagle Asset Management Inc
16,025 sh
Cutter & Co Brokerage, Inc.
15,500 sh
Summary of Significant Accounting Policies (a) The Company and Basis of Presentation

Travelzoo® is a global Internet media company. We provide our more than 30 million members insider deals and one-of-a-kind experiences personally reviewed by one of our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. For over 20 years we have worked in partnership with more than 5,000 top travel suppliers—our long-standing relationships give Travelzoo members access to irresistible deals. Travelzoo's revenues are generated primarily from advertising fees.

Travelzoo (the “Company” or "we") attracts a high-quality audience of travel enthusiasts across multiple digital platforms, including email, web, social media and mobile applications. Our insider deals and email newsletters are published by Travelzoo and its licensees worldwide. Our publications and products include the Travelzoo website (, the Travelzoo iPhone and Android apps, the Travelzoo Top 20 ® email newsletter, the Newsflash email alert service, and the Travelzoo Network . Our Travelzoo website includes Local Deals and Getaways listings that allow our members to purchase vouchers for deals from local businesses such as spas, hotels and restaurants.

We also license the use of these products and our intellectual property in various countries in Asia Pacific, including but not limited to Australia, New Zealand, Japan, South Korea and Southeast Asia. We are also the majority shareholder of JFC Travel Group Co. (“Jack’s Flight Club”), which operates Jack’s Flight Club .

For our voucher products, we receive a percentage of the face value of the voucher from the local businesses.

APAC Exit and Pivot to Licensing Model

In March 2020, Travelzoo exited its loss-making Asia Pacific business and pivoted to a licensing model, whereby Travelzoo’s business practices and intellectual property are utilized by local licensees to continue to provide high quality insider deals and content to Travelzoo members throughout Asia Pacific. Such existing members in Asia Pacific will continue to be owned by Travelzoo as the licensor. The Company’s Asia Pacific business was classified as discontinued operations at March 31, 2020. Prior periods have been reclassified to conform with the current presentation.

Travelzoo currently has license agreements in Japan and South Korea, as well as Australia, New Zealand and Singapore. The license agreement for Japan provides a license to the licensee to use the intellectual property of Travelzoo exclusively in Japan in exchange for quarterly royalty payments based on net revenue over a 5 year term, with an option to renew. The territory subject to the license was amended to also include South Korea. The Company recorded approximately $128,000 loss upon disposal of Japan in the year ended December 31, 2020. An interest free loan was provided to the licensee to be repaid over 3 years for JPY 46 million (approximately $430,000), of which $133,000 was repaid in 2021. The Company recorded this loan as long-term other assets on the consolidated balance sheet as of December 31, 2021.

The license agreement for Australia, New Zealand and Singapore provides a license to the licensee to use the intellectual property of Travelzoo exclusively in Australia, New Zealand and Singapore for quarterly royalty payments based upon net revenue over a 5 year term, with an option to renew. There was no gain or loss from the sale of Travelzoo Singapore.

The Company records royalties for its licensing arrangements on a one-quarter lag basis. The Company recognized royalties of $9,000 from Travelzoo Japan for the year ended December 31, 2021. The Company recognized royalties of $3,000 for its licensing arrangements from AUS Buyer for the year ended December 31, 2021. The Company did not record royalties from Travelzoo Japan and Travelzoo AUS Buyer for 2020. We expect the royalty payments to increase

Data imported from Travelzoo SEC filings. Check original filings before making any investment decision.