Aerkomm Inc. (AKOM) Financial Statements (2024 and earlier)

Company Profile

Business Address 44043 FREMONT BLVD.
FREMONT, CA 94538
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4911,033672751221
Cash and cash equivalents48239585751221
Short-term investments2,00999587   
Net investment in lease, before allowance for credit loss11   
Receivables 428143 45147 
Inventory, net of allowances, customer advances and progress billings1,3661,3665,2113,039209 
Inventory1,3661,3665,2113,039209 
Prepaid expense1,5494,0551,6232,969544 
Other current assets33101167 
Other undisclosed current assets12,863 42412 
Total current assets:18,7416,6087,5207,2181,2401
Noncurrent Assets
Operating lease, right-of-use asset92178353303
Net investment in lease, before allowance for credit loss13   
Property, plant and equipment37,73236,92437,34037,7693,555 
Long-term investments and receivables4,5724,7414,306   
Long-term investments4,5724,7414,306   
Intangible assets, net (including goodwill)5,9643,3733,8684,3635,328 
Goodwill4,5611,4751,4751,4751,451 
Intangible assets, net (excluding goodwill)1,4031,8982,3932,8883,878 
Prepaid expense      
Deposits noncurrent assets315117119114141 
Other undisclosed noncurrent assets3,2113,2503,2102262 
Total noncurrent assets:51,89948,58349,19742,7749,026 
TOTAL ASSETS:70,64155,19156,71749,99210,2661
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9511,5653,0061,1586380
Accounts payable1,9511,5651,874913  
Accrued liabilities  1,1312456380
Debt1,3281,095214110 
Other liabilities131 3,1121,8012,082 
Due to related parties 550527311,082 
Other undisclosed current liabilities9,0508,312798300  
Total current liabilities:12,45911,5217,4643,3313,8120
Noncurrent Liabilities
Long-term debt and lease obligation51890127  
Long-term debt, excluding current maturities5182937  
Finance lease, liability   3745
Liabilities, other than long-term debt3563    
Deferred revenue    
Due to related parties3563    
Operating lease, liability   2445
Other undisclosed noncurrent liabilities33,0739,41710,1077180 
Total noncurrent liabilities:33,1139,49710,2218450 
Total liabilities:45,57321,01817,6854,1763,8120
Equity
Equity, attributable to parent, including:25,06834,17239,03245,8166,4540
Common stock101099411
Additional paid in capital79,07877,82673,16169,56113,48511
Accumulated other comprehensive loss(374)(1,896)(1,754)(483)(3) 
Accumulated deficit(53,646)(41,767)(32,384)(23,272)(7,144)(11)
Other undisclosed equity, attributable to parent     75 
Total equity:25,06834,17239,03245,8166,4540
TOTAL LIABILITIES AND EQUITY:70,64155,19156,71749,99210,2661

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2017
12/31/2016
Revenues7403,2501631,600 7
Revenue, net 7
Net investment income 995    
Other income 740 163   
Cost of revenue (3,051) (1,587)(1)(5)
Cost of goods and services sold  (3,051) (1,587)(1)(5)
Other undisclosed gross profit      
Gross profit:74019916313(1)2
Operating expenses(10,425)(10,104)(8,336)(8,569)(7,148)(27)
Other undisclosed operating income (loss)(740) (163) 1 
Operating loss:(10,425)(9,905)(8,336)(8,557)(7,148)(25)
Nonoperating income (expense)(1,451)524(773)58024 
Investment income, nonoperating      
Gain (loss), foreign currency transaction, before tax (1,587)1881,089586  
Other nonoperating income (expense)(70)238(55)(6)  
Interest and debt expense(55)(48)(17)(2)  
Loss from continuing operations before equity method investments, income taxes:(11,931)(9,429)(9,126)(7,978)(7,124)(25)
Other undisclosed income from continuing operations before income taxes5548172  
Loss from continuing operations before income taxes:(11,876)(9,380)(9,109)(7,976)(7,124)(25)
Income tax expense(3)(3)(3)(3)(9) 
Loss from continuing operations:(11,879)(9,383)(9,112)(7,980)(7,132)(25)
Loss before gain (loss) on sale of properties:(9,383)(9,112)(7,980)(7,132)(25)
Other undisclosed net income (loss) 18,767    
Net income (loss):(11,879)9,383(9,112)(7,980)(7,132)(25)
Other undisclosed net income (loss) attributable to parent (18,767)    
Net loss available to common stockholders, diluted:(11,879)(9,383)(9,112)(7,980)(7,132)(25)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2017
12/31/2016
Net income (loss):(11,879)9,383(9,112)(7,980)(7,132)(25)
Other comprehensive loss   (1,272)(603)  
Comprehensive income (loss):(11,879)9,383(10,384)(8,582)(7,132)(25)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,522(18,909)  (3) 
Comprehensive loss, net of tax, attributable to parent:(10,357)(9,525)(10,384)(8,582)(7,136)(25)

Statements Sources

The financial statements are based on the Company's filings with 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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