Arotech Corporation (ARTX) financial statements (2022 and earlier)

Company profile

Business Address 1229 OAK VALLEY DRIVE
ANN ARBOR, MI 48108
State of Incorp. MI
Fiscal Year End December 31
SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,1973,7324,5244,2224,9917,4778,028
Cash and cash equivalents5,1973,7324,5244,2224,9917,4778,028
Restricted cash and investments158154230223191191193
Receivables17,16415,57211,80116,30233,73930,81032,938
Inventory, net of allowances, customer advances and progress billings8,9069,2379,4529,9139,7509,7888,972
Inventory8,9069,2379,4529,9139,7509,7888,972
Prepaid expense   820   
Contract with customer, asset24,97125,44322,32017,868   
Other undisclosed current assets3,6293,6286,5485,1263,1272,2731,797
Total current assets:60,02357,76654,87654,47551,79850,53951,927
Noncurrent Assets
Property, plant and equipment9,5059,3998,9318,9149,1518,9669,124
Long-term investments and receivables, including:537539541543590499181
Other undisclosed long-term investments and receivables537539541543590499181
Intangible assets, net (including goodwill)51,05850,99650,97950,60450,45150,68150,829
Goodwill46,13846,13846,13846,13846,13846,13846,138
Intangible assets, net (excluding goodwill)4,9204,8574,8414,4664,3134,5434,691
Other undisclosed noncurrent assets9,7719,6079,6733,4283,7623,6883,745
Total noncurrent assets:70,87070,54070,12563,48963,95463,83463,879
TOTAL ASSETS:130,894128,307125,000117,964115,752114,373115,806
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,2465,1154,6906,4985,5924,6455,157
Accounts payable7,8837,3036,360 5,8894,8515,270
Accrued liabilities   1,031   
Employee-related liabilities   3,628   
Other undisclosed accounts payable and accrued liabilities(1,637)(2,188)(1,670)1,839(297)(206)(114)
Debt13,31914,44911,9397,7056,9957,8048,468
Contract with customer, liability7,5056,4306,7517,0556,514  
Other undisclosed current liabilities8,5117,9376,9826,4435,88911,90011,771
Total current liabilities:35,58133,93230,36227,70124,99024,34925,396
Noncurrent Liabilities
Long-term debt and lease obligation5,8565,2746,0076,3616,9087,4568,010
Long-term debt, excluding current maturities5,8565,2746,0076,3616,9087,4568,010
Liabilities, other than long-term debt4,7254,5544,5124,2634,86310,73910,682
Accounts payable and accrued liabilities4,6834,5104,4654,1264,7464,6644,745
Deferred tax liabilities, net  5,9635,828
Other liabilities424447138116113109
Other undisclosed noncurrent liabilities8,7898,6308,6852,8636,107  
Total noncurrent liabilities:19,37018,45819,20413,48717,87818,19518,692
Total liabilities:54,95152,38949,56641,18842,86842,54444,088
Stockholders' equity
Stockholders' equity attributable to parent, including:75,94375,91775,43576,77672,88471,82971,719
Additional paid in capital251,727251,638251,573251,551251,263250,962250,881
Accumulated other comprehensive income2,4332,4332,4092,3662,4132,4002,455
Accumulated deficit(177,576)(177,513)(177,905)(176,498)(180,149)(180,890)(180,973)
Receivable from shareholders or affiliates for issuance of capital stock(908)(908)(908)(908)(908)(908)(908)
Other undisclosed stockholders' equity attributable to parent267267266265265265265
Total stockholders' equity:75,94375,91775,43576,77672,88471,82971,719
TOTAL LIABILITIES AND EQUITY:130,894128,307125,000117,964115,752114,373115,806

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues23,57423,26720,77923,63223,84421,87527,249
Cost of revenue
(Cost of Goods and Services Sold)
(15,598)(15,628)(14,959)(16,073)(16,517)(15,275)(19,537)
Gross profit:7,9767,6385,8207,5597,3286,6007,711
Operating expenses(7,456)(6,709)(6,767)(6,925)(6,185)(6,037)(6,656)
Operating income (loss):520929(948)6341,1435621,056
Nonoperating expense(397)(381)(298)(271)(175)(302)(213)
Other nonoperating income (expense)(1)(9)(0)(45)(2)70
Income (loss) from continuing operations before income taxes:123549(1,246)363968260843
Income tax expense (benefit)(187)(156)(161)87(227)(176)(247)
Net income (loss) available to common stockholders, diluted:(63)392(1,407)45074183596

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income (loss):(63)392(1,407)45074183596
Other undisclosed comprehensive loss   (7)   
Comprehensive income (loss):(63)392(1,407)44374183596
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 2443(40)13(55)(24)
Comprehensive income (loss), net of tax, attributable to parent:(63)417(1,364)40375428571

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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