NasdaqCM:BSQR

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Executive Summary

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.


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has BSQUARE's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BSQR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.6%

BSQR

2.0%

US Software

2.8%

US Market


1 Year Return

10.0%

BSQR

35.7%

US Software

9.3%

US Market

Return vs Industry: BSQR underperformed the US Software industry which returned 36.5% over the past year.

Return vs Market: BSQR underperformed the US Market which returned 9.9% over the past year.


Shareholder returns

BSQRIndustryMarket
7 Day7.6%2.0%2.8%
30 Day62.6%11.1%8.9%
90 Day32.0%10.6%-0.5%
1 Year10.0%10.0%36.7%35.7%11.8%9.3%
3 Year-67.6%-67.6%126.0%118.3%31.4%22.7%
5 Year-78.0%-78.0%208.6%189.9%58.7%40.9%

Price Volatility Vs. Market

How volatile is BSQUARE's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is BSQUARE undervalued compared to its fair value and its price relative to the market?

2.3x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BSQR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BSQR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BSQR is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: BSQR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BSQR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BSQR is good value based on its PB Ratio (2x) compared to the US Software industry average (6x).


Next Steps

Future Growth

How is BSQUARE forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.4%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BSQUARE has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has BSQUARE performed over the past 5 years?

-58.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSQR is currently unprofitable.

Growing Profit Margin: BSQR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BSQR is unprofitable, and losses have increased over the past 5 years at a rate of -58.2% per year.

Accelerating Growth: Unable to compare BSQR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BSQR is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (9.6%).


Return on Equity

High ROE: BSQR has a negative Return on Equity (-72.43%), as it is currently unprofitable.


Next Steps

Financial Health

How is BSQUARE's financial position?


Financial Position Analysis

Short Term Liabilities: BSQR's short term assets ($22.0M) exceed its short term liabilities ($12.9M).

Long Term Liabilities: BSQR's short term assets ($22.0M) exceed its long term liabilities ($1.7M).


Debt to Equity History and Analysis

Debt Level: BSQR is debt free.

Reducing Debt: BSQR has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BSQR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BSQR has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 49.2% each year.


Next Steps

Dividend

What is BSQUARE's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BSQR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BSQR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BSQR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BSQR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BSQR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Ralph Derrickson (60yo)

1.25yrs

Tenure

US$1,458,126

Compensation

Mr. Ralph C. Derrickson serves as President, Chief Executive Officer and Director at BSQUARE Corporation since March 11, 2019. He has been a Member of the Board of Perficient, Inc. since July 2004. Mr. Der ...


CEO Compensation Analysis

Compensation vs Market: Ralph's total compensation ($USD1.46M) is above average for companies of similar size in the US market ($USD594.10K).

Compensation vs Earnings: Insufficient data to compare Ralph's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Ralph Derrickson
President1.25yrsUS$1.46m0.19% $41.3k
Christopher Wheaton
CFO, Secretary & Treasurer0.75yrUS$384.98k0.064% $13.8k
Steven Gottlieb
Vice President of Marketing1.42yrsno datano data
Gary Shane
Senior Director of Finance & Controller2yrsno datano data

1.3yrs

Average Tenure

Experienced Management: BSQR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ralph Derrickson
President1.25yrsUS$1.46m0.19% $41.3k
Robert Chamberlain
Independent Director4.83yrsUS$90.00k0.52% $112.7k
Andrew S. Harries
Independent Chairman of the Board6.92yrsUS$130.00k1.98% $428.9k
Mary Jesse
Independent Director3.83yrsUS$96.61k0.46% $100.4k
Ryan Vardeman
Independent Director2yrsUS$85.00k0.33% $70.5k
Davin Cushman
Independent Director1.58yrsUS$91.89k0.47% $100.9k
Robert Peters
Independent Director1.83yrsUS$85.00k0.35% $75.0k

2.0yrs

Average Tenure

54yo

Average Age

Experienced Board: BSQR's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BSQR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2%.


Top Shareholders

Company Information

BSQUARE Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BSQUARE Corporation
  • Ticker: BSQR
  • Exchange: NasdaqCM
  • Founded: 1994
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$21.613m
  • Shares outstanding: 13.10m
  • Website: https://www.bsquare.com

Number of Employees


Location

  • BSQUARE Corporation
  • 110 110th Avenue NE
  • Suite 300
  • Bellevue
  • Washington
  • 98004
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSQRNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDOct 1999

Biography

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 Microsoft Azure Sphere engineering services, as well as Windows 10 Internet of Things (IoT) enterprise training services. Further, it develops, deploys, and operates IoT systems for various businesses. The company serves OEMs, original design manufacturers, corporate enterprises, silicon vendors, and peripheral vendors. BSQUARE Corporation was founded in 1994 and is headquartered in Bellevue, Washington. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 02:31
End of Day Share Price2020/06/01 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.