14 unchanged sentences
Among Appian Corporation, the Nasdaq Global Market Composite Index, and the Nasdaq Computer Index
−Removed: May 25, 2017 June 30, 2017 September 30, 2017 December 31, 2017 March 31, 2018 June 30, 2018 September 30, 2018 December 31, 2018 March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019
+Added: May 25, 2017 June 30, 2017 December 31, 2017 June 30, 2018 December 31, 2018 June 30, 2019 December 31, 2019 June 30, 2020 December 31, 2020
Appian Corporation $ 100.00 $ 120.92 $ 209.73 $ 240.91 $ 177.95 $ 240.31 $ 254.56 $ 341.44 $ 1,079.88
7 unchanged sentences
Selected Financial Data
−Removed: The following selected historical financial data should be read in conjunction with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our consolidated financial statements and the related notes appearing in Item 8, “Financial Statements and Supplementary Data,” of this Annual Report on Form 10-K to fully understand the factors that may affect the comparability of the information presented below.
−Removed: The selected consolidated financial data in this section are not intended to replace the consolidated financial statements and are qualified in their entirety by the consolidated financial statements and related notes included elsewhere in this Annual Report on Form 10-K.
−Removed: The following selected consolidated statement of operations data for the years ended December 31, 2019, 2018 and 2017, and the consolidated balance sheet data as of December 31, 2019 and 2018, have been derived from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
−Removed: The consolidated statement of operations data for the years ended December 31, 2016 and 2015 and the consolidated balance sheet data as of December 31, 2017, 2016 and 2015 have been derived from our audited consolidated financial statements not included in this Annual Report on Form 10-K.
−Removed: Year Ended December 31,
−Removed: 2018 2017 2016 2015
−Removed: (in thousands, except share and per share data)
−Removed: Subscriptions $ 151,299 $ 126,012 $ 91,514 $ 69,972 $ 53,207
−Removed: Professional services 109,053 100,731 85,223 62,951 57,997
−Removed: Total revenue 260,352 226,743 176,737 132,923 111,204
−Removed: Cost of revenue (2) :
−Removed: Subscriptions 17,098 11,997 9,379 7,437 6,079
−Removed: Professional services 76,743 72,928 55,218 42,686 42,402
−Removed: Total cost of revenue 93,841 84,925 64,597 50,123 48,481
−Removed: Gross profit 166,511 141,818 112,140 82,800 62,723
−Removed: Operating expenses (2) :
−Removed: Sales and marketing 117,440 105,992 81,966 54,137 38,300
−Removed: Research and development 58,043 44,724 34,835 22,994 16,750
−Removed: General and administrative 41,496 37,821 27,150 17,039 12,515
−Removed: Total operating expenses 216,979 188,537 143,951 94,170 67,565
−Removed: Operating loss (50,468) (46,719) (31,811) (11,370) (4,842)
−Removed: Other (income) expense:
−Removed: Other (income) expense, net (941) 2,295 (2,038) 1,792 1,579
−Removed: Interest expense 367 198 473 982 188
−Removed: Total other (income) expense (574) 2,493 (1,565) 2,774 1,767
−Removed: Loss before income taxes (49,894) (49,212) (30,246) (14,144) (6,609)
−Removed: Income tax expense (benefit) 820 239 761 (1,683) 378
−Removed: Net loss (50,714) (49,451) (31,007) (12,461) (6,987)
−Removed: Accretion of dividends on convertible preferred stock (3)
−Removed: — — 357 857 861
−Removed: Net loss attributable to common stockholders $ (50,714) $ (49,451) $ (31,364) $ (13,318) $ (7,848)
−Removed: Net loss per share attributable to common stockholders:
−Removed: Basic and diluted $ (0.77) $ (0.80) $ (0.63) $ (0.39) $ (0.23)
−Removed: Weighted average common shares outstanding (4) :
−Removed: Basic and diluted 65,479,327 62,140,684 49,529,833 34,274,718 34,274,718
−Removed: (1) On January 1, 2019, we adopted ASC 606 using the modified retrospective method.
−Removed: See Note 2 to our consolidated
−Removed: financial statements appearing in Item 8 for additional discussion of the impact of the adoption of this new accounting
−Removed: (2) Includes stock-based compensation expense below.
−Removed: For the years ended December 31, 2016 and 2015, no
−Removed: stock-based compensation expense was recognized because a qualifying event had not yet occurred.
−Removed: Year Ended December 31,
−Removed: 2019 2018 2017 2016 2015
−Removed: (in thousands)
−Removed: Cost of revenue
−Removed: Subscriptions $ 647 $ 514 $ 575 $ — $ —
−Removed: Professional services 2,748 1,717 1,295 — —
−Removed: Operating expenses
−Removed: Sales and marketing 4,742 3,473 3,233 — —
−Removed: Research and development 3,480 2,416 2,822 — —
−Removed: General and administrative 4,826 7,934 5,051 — —
−Removed: Total stock-based compensation expense $ 16,443 $ 16,054 $ 12,976 $ — $ —
−Removed: (3) See Note 8 to our consolidated financial statements appearing in Item 8 for further details on the calculation of accretion
−Removed: of preferred stock to redemption value and basic and diluted net loss per share attributable to common stockholders.
−Removed: (4) Immediately prior to the completion of our IPO on May 31, 2017, 18.2 million shares of convertible preferred stock were
−Removed: converted and reclassified to Class B common stock.
−Removed: In addition, immediately prior to the completion of the IPO, a warrant to purchase 84,360 shares of convertible preferred stock was converted to a warrant to purchase 84,360 shares of Class B common stock, and 79,363 shares of our Class B common stock were issued upon the net exercise of this warrant.
−Removed: As of December 31,
−Removed: 2018 2017 2016 2015
−Removed: (in thousands)
−Removed: Consolidated Balance Sheet Data:
−Removed: Cash and cash equivalents $ 159,755 $ 94,930 $ 73,758 $ 31,143 $ 31,393
−Removed: Working capital 165,381 81,225 50,107 12,365 19,463
−Removed: Total assets 371,485 233,180 161,052 102,738 83,400
−Removed: Total deferred revenue 89,340 111,668 89,087 70,108 53,110
−Removed: Total debt — — — 20,000 10,000
−Removed: Convertible preferred stock — — — 55,415 54,558
−Removed: Total stockholders' equity (deficit) 205,237 73,192 45,524 (63,492) (50,533)
−Removed: (1) On January 1, 2019, we adopted ASC 606 using the modified retrospective method.
−Removed: See Note 2 to our consolidated
−Removed: financial statements appearing in Item 8 for additional discussion of the impact of the adoption of this new accounting
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.