TRAVELZOO
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
TZOO$5.33+6.0%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except par value)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $11,429 | $15,713 |
| Accounts receivable, less allowance for doubtful accounts of $1,719 and $1,484 as of September 30, 2024 and December 31, 2023, respectively | 13,167 | 12,965 |
| Prepaid income taxes | 1,132 | 629 |
| Prepaid expenses and other | 1,619 | 1,461 |
| Total current assets | 27,347 | 30,768 |
| Deposits and other | 230 | 1,115 |
| Deferred tax assets | 3,193 | 3,196 |
| Restricted cash | 675 | 675 |
| Operating lease right-of-use assets | 6,080 | 6,015 |
| Property and equipment, net | 470 | 578 |
| Intangible assets, net | 1,591 | 2,091 |
| Goodwill | 10,944 | 10,944 |
| Total assets | $50,530 | $55,382 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $4,984 | $4,546 |
| Merchant payables | 17,321 | 20,622 |
| Accrued expenses and other | 4,124 | 3,658 |
| Deferred revenue | 3,854 | 2,044 |
| Income tax payable | 1,450 | 766 |
| Operating lease liabilities | 2,624 | 2,530 |
| Liabilities from discontinued operations | 24 | 24 |
| Total current liabilities | 34,381 | 34,190 |
| Long-term tax liabilities | 7,028 | 4,681 |
| Long-term operating lease liabilities | 6,225 | 6,717 |
| Other long-term liabilities | 376 | 911 |
| Total liabilities | 48,010 | 46,499 |
| Commitments and contingencies | — | — |
| Stockholders’ equity: | ||
| Common stock, $0.01 par value (20,000 shares authorized; 11,880 shares issued and outstanding as of September 30, 2024, 13,575 shares issued and outstanding as of December 31, 2023) | 119 | 136 |
| Additional paid in capital | — | 439 |
| Tax indemnification | (9,537) | (9,537) |
| Note receivable and account receivable from shareholder | (1,929) | (1,753) |
| Retained earnings | 14,195 | 19,508 |
| Accumulated other comprehensive loss | (5,079) | (4,607) |
| Total Travelzoo stockholders’ equity (deficit) | (2,231) | 4,186 |
| Non-controlling interest | 4,751 | 4,697 |
| Total stockholders’ equity | 2,520 | 8,883 |
| Total liabilities and stockholders’ equity | $50,530 | $55,382 |
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