TECHPOINT, INC. financial statements (2021 and earlier)

Company profile

Business Address 2550 N. FIRST STREET
SAN JOSE, CA 95131
State of Incorp. CA
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,65120,86625,94121,536
Cash and cash equivalents12,08411,39125,94121,536
Short-term investments17,5679,475  
Receivables11810723693
Inventory, net of allowances, customer advances and progress billings8,9016,0482,2072,847
Inventory8,9016,0482,2072,847
Other undisclosed current assets614875936978
Total current assets:39,28427,89629,32025,454
Noncurrent Assets
Operating lease, right-of-use asset9591,058
Property, plant and equipment647535611325
Deferred income tax assets588 
Other noncurrent assets1,7418,380215161
Deferred tax assets, net560652
Other undisclosed noncurrent assets 677  
Total noncurrent assets:3,93510,6501,3861,138
TOTAL ASSETS:43,21938,54630,70626,592
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9803,5471,7811,333
Accounts payable1,4571,5351,063760
Accrued liabilities2,5232,012718573
Deferred revenue7351,371
Debt 549  
Deferred compensation liability1967136152
Customer advances and deposits6
Contract with customer, liability2
Other undisclosed current liabilities720   
Total current liabilities:5,4545,5341,9191,491
Noncurrent Liabilities
Liabilities, other than long-term debt392632156133
Other liabilities392632156133
Total noncurrent liabilities:392632156133
Total liabilities:5,8466,1662,0751,624
Stockholders' equity
Stockholders' equity attributable to parent, including:37,37332,38028,63124,968
Common stock222 
Additional paid in capital22,52320,92819,35817,580
Accumulated other comprehensive income (loss)41(15)  
Retained earnings14,80711,4659,2717,386
Other undisclosed stockholders' equity attributable to parent   2
Total stockholders' equity:37,37332,38028,63124,968
TOTAL LIABILITIES AND EQUITY:43,21938,54630,70626,592

Income statement (P&L) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues34,33932,02731,09831,142
Cost of revenue(16,132)(16,387)(15,316)(13,221)
Cost of goods and services sold(16,132)(16,387)(15,316)(400)
Gross profit:18,20715,64015,78217,921
Operating expenses(14,509)(13,245)(13,967)(11,576)
Operating income:3,6982,3951,8156,345
Nonoperating income (expense)21854229(73)
Investment income, nonoperating(141)   
Income from continuing operations before income taxes:3,9162,4492,0446,272
Income tax expense(574)(255)(159)(2,515)
Net income attributable to parent:3,3422,1941,8853,757
Preferred stock dividends and other adjustments   (1,936)
Net income available to common stockholders, basic:3,3422,1941,8851,821
Other undisclosed net income available to common stockholders, diluted   113
Net income available to common stockholders, diluted:3,3422,1941,8851,934

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:3,3422,1941,8853,757
Comprehensive income:3,3422,1941,8853,757
Other undisclosed comprehensive income (loss), net of tax, attributable to parent56(15)  
Comprehensive income, net of tax, attributable to parent:3,3982,1791,8853,757

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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