TransparentBusiness, Inc. is a workforce management technology company and was incorporated in the state of Delaware on June 22, 2015. The SaaS (Software-as-a-Service) platform was developed in 2008 by KMGi Group, the predecessor to TransparentBusiness, Inc., as an internal tool for monitoring and managing computer-based work for the purpose of improving efficiency of both remote and on-site employees and eliminating overbilling of contractors. TransparentBusiness, Inc.’s platform has been in use since 2009, initially under the name TransparentBilling, Inc. serving KMGi Group’s internal operations. The platform is designed to increase remote workers’ productivity, protect client budgets from overbilling, allow coordination and monitoring of their remote workforce and provide real-time information on the cost and status of all tasks and projects. Our solutions provide technology that brings visibility into remote workforce management through an all-in-on cloud-based solution. The Company markets its services throughout the United States of America.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Snowflake Computing, Inc.
SEC CIK
Corporate docs
IRS number
474360035
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
26 Sep 24
8-K
Other Events
4 Sep 24
8-K
Departure of Directors or Certain Officers
21 Aug 24
10-Q
2024 Q2
Quarterly report
19 Aug 24
8-K
Other Events
15 Aug 24
NT 10-Q
Notice of late quarterly filing
14 Aug 24
8-K/A
Completion of Acquisition or Disposition of Assets
29 Jul 24
8-K
Departure of Directors or Certain Officers
5 Jul 24
8-K
Entry into a Material Definitive Agreement
2 Jul 24
D/A
$20.00 mm in equity, sold $862.48 k, 48 investors
14 Jun 24
Latest ownership filings
No filings
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 4.10 mm | 4.10 mm | 4.10 mm | 4.10 mm | 4.10 mm | 4.10 mm |
Cash burn (monthly) | 83.16 k | (no burn) | 6.16 mm | 2.57 mm | 1.04 mm | 996.23 k |
Cash used (since last report) | 304.12 k | n/a | 22.53 mm | 9.41 mm | 3.81 mm | 3.64 mm |
Cash remaining | 3.79 mm | n/a | -18.43 mm | -5.32 mm | 287.73 k | 452.52 k |
Runway (months of cash) | 45.6 | n/a | -3.0 | -2.1 | 0.3 | 0.5 |