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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 42 quarters since 2012. Compare with TZOO stock chart to see long term trends.

TZOO Stock Compared to Quarterly

TZOO Income Statement

Revenue, Net:17689000
Revenue Per Share:1.4136
Cost of Goods & Services Sold:2163000
Gross Profit:15526000
Selling, General & Admin Expense:8480000
Research & Development Expense:454000
Total Operating Expenses:13745000
Operating Income:1976000
Income Taxes:928000
Net Income:1058000
Earnings Per Share, Basic:0.08
Shares Outstanding, Basic Avg:12513000

TZOO Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:544000
Change in Accounts Receiveable:-3032000
Net Cash from Operations:-10226000
Net Cash from Operations Per Share:-0.8172
Repurchases/Buybacks Common Stock:0
Net Cash from Financing Activities:1885000
Property, Plant & Equipment Purchases:0
Net Cash from Investing Activities:-86000
Net Change in Cash & Equivalents:-10079000

TZOO Balance Sheet

Cash and Cash Equivalents:26680000
Accounts Receivable, Net:14809000
Total Current Assets:44623000
Property, Plant & Equipment, Net:550000
Total Assets:78480000
Accounts Payable:1231000
Total Short-Term Liabilities:61839000
Total Liabilities:72415000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
BARTEL HOLGER   Global Chief Executive Officer
25,000 sh at $5
$136,000
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Acadian Asset Management LLC
487,047 sh
-5,174 sh
-1%
$3,193
-$1,440
Renaissance Technologies LLC
469,396 sh
-8,995 sh
-2%
$3,079
-$1,427
Dimensional Fund Advisors LP
344,290 sh
-13,617 sh
-4%
$2,259
-$1,112
Vanguard Group Inc
313,316 sh
-1,807 sh
-1%
$2,056
-$912
Ancora Advisors, LLC
204,739 sh
195,239 sh
2055%
$3,432
$3,343
Blackrock Inc.
138,712 sh
-585 sh
0%
$909
-$404
Essex Investment Management Co LLC
103,901 sh
4,844 sh
5%
$682
-$251
Bank Of New York Mellon Corp
86,070 sh
1,690 sh
2%
$564
-$231
Costello Asset Management, INC
64,938 sh
-6,055 sh
-9%
$426
-$243
Geode Capital Management, LLC
62,722 sh
-765 sh
-1%
$411
-$187
Russell Investments Group, Ltd.
41,960 sh
 
$274
Sei Investments Co
33,129 sh
-3,900 sh
-11%
$217
-$132
Raymond James Financial Services Advisors, Inc.
32,032 sh
1,325 sh
4%
$210
-$79
State Of Tennessee, Treasury Department
26,000 sh
 
$171
Northern Trust Corp
25,461 sh
-338 sh
-1%
$167
-$76
Cetera Advisor Networks LLC
20,000 sh
20,000 sh
NEW
$131
$131
Potomac Capital Management, Inc.
17,279 sh
-1,470 sh
-8%
$113
-$64
Cutter & Co Brokerage, Inc.
15,500 sh
 
$102
Raymond James & Associates
14,740 sh
 
$97
Eidelman Virant Capital
14,000 sh
-5,000 sh
-26%
$91
-$85
COMPANY PROFILE
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 (travelzoo.com), 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.