Ault Alliance Inc. (AULT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
11411 SOUTHERN HIGHLANDS PARKWAY LAS VEGAS, NV 89141 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3679 - Electronic Components, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,653 | 17,082 | 56,292 | 18,680 | 489 | 902 | |||
| Cash and cash equivalents | 8,626 | 10,492 | 15,912 | 18,680 | 489 | 902 | |||
| Short-term investments | 27 | 6,590 | 40,380 | ||||||
| Receivables | 1,234 | 26,971 | 5,259 | 1,196 | 1,196 | 3,888 | |||
| Inventory, net of allowances, customer advances and progress billings | 8,384 | 22,080 | 5,482 | 3,374 | 2,542 | 3,261 | |||
| Inventory | 8,384 | 22,080 | 5,482 | 3,374 | 2,542 | 3,261 | |||
| Deferred costs | 65 | ||||||||
| Disposal group, including discontinued operation | 90,991 | ||||||||
| Intangible current assets | 3,900 | ||||||||
| Other undisclosed current assets | 25,323 | 139,368 | 26,401 | 11,099 | 6,844 | 4,174 | |||
| Total current assets: | 138,485 | 205,501 | 93,434 | 34,349 | 11,071 | 12,290 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 8,419 | 5,243 | 4,318 | 5,276 | ✕ | ||||
| Operating lease, right-of-use asset | 6,315 | 8,419 | 5,243 | 4,318 | 5,276 | ✕ | |||
| Property, plant and equipment | 108,829 | 229,914 | 174,025 | 2,123 | 2,292 | 9,313 | |||
| Long-term investments and receivables | 21,800 | 29,200 | 116,725 | ||||||
| Long-term investments | 21,800 | 29,200 | 116,725 | ||||||
| Intangible assets, net (including goodwill) | 11,842 | 62,688 | 14,125 | 14,036 | 11,308 | 12,823 | |||
| Goodwill | 6,088 | 27,902 | 10,090 | 9,646 | 8,101 | 8,463 | |||
| Intangible assets, net (excluding goodwill) | 5,754 | 34,786 | 4,035 | 4,390 | 3,207 | 4,360 | |||
| Regulated entity, other noncurrent assets | 203 | 233 | |||||||
| Other undisclosed noncurrent assets | 11,919 | 17,373 | 81,491 | 16,297 | 7,294 | 15,000 | |||
| Total noncurrent assets: | 160,705 | 356,013 | 396,852 | 41,294 | 31,679 | 37,136 | |||
| TOTAL ASSETS: | 299,190 | 561,514 | 490,286 | 75,643 | 42,750 | 49,426 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 66,443 | 62,644 | 22,702 | 10,580 | 15,166 | 13,066 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 1,412 | 1,719 | 1,497 | |||
| Accounts payable | 32,592 | 21,347 | 6,902 | ||||||
| Accrued liabilities | 9,779 | 9,939 | 5,027 | 287 | 497 | 1,353 | |||
| Other undisclosed accounts payable and accrued liabilities | 24,072 | 31,358 | 10,773 | 8,880 | 12,949 | 10,215 | |||
| Debt | 23,395 | 39,621 | 39,554 | 4,048 | 6,219 | 7,997 | |||
| Disposal group, including discontinued operation | 70,361 | ||||||||
| Other liabilities | 1,790 | 2,028 | 1,868 | ||||||
| Due to related parties | ✕ | ✕ | 400 | 2,444 | 2,310 | ||||
| Other undisclosed current liabilities | 44,628 | 123,060 | 19,664 | 5,065 | 4,364 | 5,494 | |||
| Total current liabilities: | 204,827 | 225,325 | 81,920 | 21,882 | 30,221 | 30,735 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 18,158 | 91,464 | 55,055 | 4,191 | 5,160 | 484 | |||
| Long-term debt, excluding current maturities | 18,158 | 91,464 | 55,055 | 337 | 483 | 484 | |||
| Liabilities, other than long-term debt | 4,402 | 5,836 | 4,213 | 52 | 115 | 142 | |||
| Due to related parties | ✕ | ✕ | 52 | 115 | 142 | ||||
| Operating lease, liability | 4,402 | 5,836 | 4,213 | 3,855 | 4,678 | ✕ | |||
| Other undisclosed noncurrent liabilities | 12,903 | 14,901 | 3,918 | 386 | 305 | ||||
| Total noncurrent liabilities: | 35,463 | 112,201 | 63,186 | 4,629 | 5,580 | 626 | |||
| Total liabilities: | 240,290 | 337,526 | 145,106 | 26,511 | 35,801 | 31,361 | |||
| Temporary equity, carrying amount | 2,224 | 117,993 | 116,725 | ||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 44,719 | 206,492 | 226,842 | 48,310 | 6,941 | 18,024 | |||
| Treasury stock, value | (30,571) | (29,235) | (13,180) | (58) | |||||
| Additional paid in capital | 644,852 | 565,523 | 385,644 | 171,397 | 101,099 | 77,644 | |||
| Deferred compensation equity | (426) | ||||||||
| Accumulated other comprehensive loss | (2,097) | (1,100) | (106) | (1,718) | (5,512) | (3,903) | |||
| Accumulated deficit | (567,469) | (329,078) | (145,600) | (121,397) | (88,650) | (55,721) | |||
| Other undisclosed equity, attributable to parent | 4 | 382 | 84 | 28 | 3 | 488 | |||
| Equity, attributable to noncontrolling interest | 11,957 | 17,496 | 1,613 | 822 | 8 | 41 | |||
| Total equity: | 56,676 | 223,988 | 228,455 | 49,132 | 6,949 | 18,065 | |||
| Other undisclosed liabilities and equity | (117,993) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 299,190 | 561,514 | 490,286 | 75,643 | 42,750 | 49,426 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 156,444 | 134,334 | 52,400 | 23,871 | 26,512 | 27,154 | ||
| Cost of revenue | (125,385) | (78,362) | (23,858) | (16,357) | (20,452) | (21,775) | ||
| Provision for loan, lease, and other losses | 4,000 | (9,550) | ||||||
| Gross profit: | 31,059 | 55,972 | 28,542 | 7,515 | 6,059 | 5,380 | ||
| Operating expenses | (184,780) | (196,140) | (46,903) | (13,548) | (33,001) | (24,985) | ||
| Operating loss: | (153,721) | (140,168) | (18,361) | (6,033) | (26,942) | (19,605) | ||
| Nonoperating expense | (86,532) | (54,150) | (4,547) | |||||
| Interest and debt expense | (8,719) | (42,546) | 929 | (28,355) | (8,229) | (11,191) | ||
| Loss from continuing operations before equity method investments, income taxes: | (248,972) | (236,864) | (21,979) | (34,389) | (35,171) | (30,797) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 8,719 | 42,546 | (929) | 975 | 2,116 | (2,262) | ||
| Loss from continuing operations before income taxes: | (240,253) | (194,318) | (22,908) | (33,414) | (33,054) | (33,059) | ||
| Income tax expense (benefit) | (337) | 4,485 | (130) | 24 | 108 | 77 | ||
| Loss from continuing operations: | (240,590) | (189,833) | (23,038) | (33,390) | (32,946) | (32,982) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (32,729) | (32,946) | (32,982) | |
| Income (loss) from discontinued operations | (15,704) | 661 | ||||||
| Net loss: | (256,294) | (189,833) | (23,038) | (32,729) | (32,946) | (32,982) | ||
| Net income (loss) attributable to noncontrolling interest | 25,268 | 8,017 | (213) | 32 | 748 | |||
| Net loss attributable to parent: | (231,026) | (181,816) | (23,251) | (32,729) | (32,913) | (32,234) | ||
| Preferred stock dividends and other adjustments | (1,375) | (393) | (18) | (18) | (108) | |||
| Net loss available to common stockholders, diluted: | (232,401) | (182,209) | (23,269) | (32,746) | (32,913) | (32,342) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (256,294) | (189,833) | (23,038) | (32,729) | (32,946) | (32,982) | ||
| Other comprehensive income (loss) | (995) | 679 | 3,794 | (1,609) | (8,406) | |||
| Comprehensive loss: | (256,294) | (190,828) | (22,359) | (28,935) | (34,555) | (41,388) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 25,268 | 8,017 | (213) | 32 | 748 | |||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (2,372) | (393) | (18) | (18) | (16) | (108) | ||
| Comprehensive loss, net of tax, attributable to parent: | (233,398) | (183,204) | (22,590) | (28,953) | (34,538) | (40,747) | ||
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.