Aerkomm Inc. (AKOM) Financial Statements (2025 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,360 | 2,491 | 1,033 | 672 | 751 | 22 | |||
| Cash and cash equivalents | 4,203 | 482 | 39 | 585 | 751 | 22 | |||
| Short-term investments | 1,157 | 2,009 | 995 | 87 | |||||
| Net investment in lease, before allowance for credit loss | 13 | 11 | ✕ | ||||||
| Receivables | 122 | 428 | 143 | 451 | 47 | ||||
| Inventory, net of allowances, customer advances and progress billings | 171 | 1,366 | 1,366 | 5,211 | 3,039 | 209 | |||
| Inventory | 171 | 1,366 | 1,366 | 5,211 | 3,039 | 209 | |||
| Prepaid expense | 158 | 1,549 | 4,055 | 1,623 | 2,969 | 544 | |||
| Other current assets | 66 | 33 | 10 | 11 | 6 | 7 | |||
| Other undisclosed current assets | 2,176 | 12,863 | 4 | 2 | 412 | ||||
| Total current assets: | 8,065 | 18,741 | 6,608 | 7,520 | 7,218 | 1,240 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 221 | 92 | 178 | 353 | 303 | ✕ | |||
| Net investment in lease, before allowance for credit loss | 13 | ✕ | |||||||
| Property, plant and equipment | 42,790 | 37,732 | 36,924 | 37,340 | 37,769 | 3,555 | |||
| Long-term investments and receivables | 5,014 | 4,572 | 4,741 | 4,306 | |||||
| Long-term investments | 5,014 | 4,572 | 4,741 | 4,306 | |||||
| Intangible assets, net (including goodwill) | 17,599 | 5,964 | 3,373 | 3,868 | 4,363 | 5,328 | |||
| Goodwill | 4,574 | 4,561 | 1,475 | 1,475 | 1,475 | 1,451 | |||
| Intangible assets, net (excluding goodwill) | 13,025 | 1,403 | 1,898 | 2,393 | 2,888 | 3,878 | |||
| Prepaid expense | 8,326 | ||||||||
| Deposits noncurrent assets | 535 | 315 | 117 | 119 | 114 | 141 | |||
| Other noncurrent assets | |||||||||
| Other undisclosed noncurrent assets | 5,302 | 3,211 | 3,250 | 3,210 | 226 | 2 | |||
| Total noncurrent assets: | 79,786 | 51,899 | 48,583 | 49,197 | 42,774 | 9,026 | |||
| TOTAL ASSETS: | 87,852 | 70,641 | 55,191 | 56,717 | 49,992 | 10,266 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,959 | 1,951 | 1,565 | 3,006 | 1,158 | 638 | |||
| Accounts payable | 1,900 | 1,951 | 1,565 | 1,874 | 913 | ||||
| Accrued liabilities | 59 | 1,131 | 245 | 638 | |||||
| Deferred revenue | ✕ | ||||||||
| Debt | 15,717 | 1,328 | 1,095 | 21 | 41 | 10 | |||
| Other liabilities | 168 | 131 | 3,112 | 1,801 | 2,082 | ||||
| Due to related parties | ✕ | ✕ | 550 | 527 | 31 | 1,082 | |||
| Other undisclosed current liabilities | 44,733 | 9,050 | 8,312 | 798 | 300 | ||||
| Total current liabilities: | 62,578 | 12,459 | 11,521 | 7,464 | 3,331 | 3,812 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 200 | 5 | 18 | 90 | 127 | ||||
| Long-term debt, excluding current maturities | 200 | 5 | 18 | 29 | 37 | ||||
| Finance lease, liability | 37 | 45 | ✕ | ||||||
| Liabilities, other than long-term debt | 121 | 35 | 63 | ||||||
| Due to related parties | ✕ | ✕ | 35 | 63 | |||||
| Other liabilities | 121 | ||||||||
| Operating lease, liability | 24 | 45 | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 763 | 33,073 | 9,417 | 10,107 | 718 | 0 | |||
| Total noncurrent liabilities: | 1,084 | 33,113 | 9,497 | 10,221 | 845 | 0 | |||
| Total liabilities: | 63,662 | 45,573 | 21,018 | 17,685 | 4,176 | 3,812 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 24,190 | 25,068 | 34,172 | 39,032 | 45,816 | 6,454 | |||
| Common stock | 17 | 10 | 10 | 9 | 9 | 41 | |||
| Additional paid in capital | 97,015 | 79,078 | 77,826 | 73,161 | 69,561 | 13,485 | |||
| Accumulated other comprehensive loss | (367) | (374) | (1,896) | (1,754) | (483) | (3) | |||
| Accumulated deficit | (77,480) | (53,646) | (41,767) | (32,384) | (23,272) | (7,144) | |||
| Other undisclosed equity, attributable to parent | 5,004 | 75 | |||||||
| Total equity: | 24,190 | 25,068 | 34,172 | 39,032 | 45,816 | 6,454 | |||
| TOTAL LIABILITIES AND EQUITY: | 87,852 | 70,641 | 55,191 | 56,717 | 49,992 | 10,266 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 731 | 740 | 3,250 | 163 | 1,600 | |||
| Net investment income | 995 | |||||||
| Other income | 158 | 740 | 163 | |||||
| Cost of revenue | (1,811) | (3,051) | (1,587) | (1) | ||||
| Cost of goods and services sold | (462) | (3,051) | (1,587) | (1) | ||||
| Other undisclosed gross profit | ||||||||
| Gross profit: | (1,080) | 740 | 199 | 163 | 13 | (1) | ||
| Operating expenses | (4,561) | (10,425) | (10,104) | (8,336) | (8,569) | (7,148) | ||
| Other undisclosed operating income (loss) | (15,830) | (740) | (163) | 1 | ||||
| Operating loss: | (21,471) | (10,425) | (9,905) | (8,336) | (8,557) | (7,148) | ||
| Nonoperating income (expense) | (2,361) | (1,451) | 524 | (773) | 580 | 24 | ||
| Gain (loss), foreign currency transaction, before tax | (1,587) | 188 | 1,089 | 586 | ||||
| Other nonoperating income (expense) | (2,361) | (70) | 238 | (55) | (6) | |||
| Interest and debt expense | (10,304) | (55) | (48) | (17) | (2) | |||
| Loss from continuing operations before equity method investments, income taxes: | (34,136) | (11,931) | (9,429) | (9,126) | (7,978) | (7,124) | ||
| Other undisclosed income from continuing operations before income taxes | 10,304 | 55 | 48 | 17 | 2 | |||
| Loss from continuing operations before income taxes: | (23,831) | (11,876) | (9,380) | (9,109) | (7,976) | (7,124) | ||
| Income tax expense | (2) | (3) | (3) | (3) | (3) | (9) | ||
| Loss from continuing operations: | (23,834) | (11,879) | (9,383) | (9,112) | (7,980) | (7,132) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (9,383) | (9,112) | (7,980) | (7,132) | |
| Other undisclosed net income | 18,767 | |||||||
| Net income (loss): | (23,834) | (11,879) | 9,383 | (9,112) | (7,980) | (7,132) | ||
| Other undisclosed net loss attributable to parent | (18,767) | |||||||
| Net loss available to common stockholders, diluted: | (23,834) | (11,879) | (9,383) | (9,112) | (7,980) | (7,132) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (23,834) | (11,879) | 9,383 | (9,112) | (7,980) | (7,132) | ||
| Other comprehensive loss | (1,272) | (603) | ||||||
| Comprehensive income (loss): | (23,834) | (11,879) | 9,383 | (10,384) | (8,582) | (7,132) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 7 | 1,522 | (18,909) | (3) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (23,826) | (10,357) | (9,525) | (10,384) | (8,582) | (7,136) | ||
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.