From “Mozilla’s Millions’ files:
While much of the economy has been in a tailspin, Mozilla’s fiscal 2010 wasn’t all that bad. The open source foundation released their 2010 financial statements today.
According to Mozilla, their consolidated reported revenue (Mozilla Foundation and all subsidiaries) for 2010 was $123 million, up approximately 18 percent from 2009.
Not bad at all for a foundation built on free and open source software that doesn’t actually sell anything.
Looking deeper into Mozilla’s financial report shows even more financial strength. Not only is Mozilla making more revenue, but their investments have also grown. At the end of 2010, Mozilla had $105,680,000 of investments, up from $ 91,296,000 in 2009. That includes a portfolio of Money market funds, Mutual funds, fixed income, Government bonds, Commercial paper, Mortgage and asset-backed securities, and Certificates of deposit.
Mozilla’s strong financial health however could be on the precipice of disaster, thanks to Google
“The Corporation has a contract with a search engine provider for royalties which expires November 2011,” Mozilla’s financial statements note in the risks section. “Approximately 84% and 86% of royalty revenue for 2010 and 2009, respectively, was derived from this contract. The receivable from this search engine provider represented 64% and 71% of the December 31, 2010 and 2009 outstanding receivables, respectively.”
So yeah, Mozilla had money in the bank, but without Google that money will dwindle very quickly. Will Google renew the contract?
Personally, I think they have too, to avoid anti-trust inquiries, so Mozilla might not have all that much to worry about.
