AYRO Inc. (AYRO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
900 E. OLD SETTLERS BOULEVARD, SUITE 100 ROUND ROCK, TX 78664 |
| State of Incorp. | DE |
| 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)
| 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 | 33,441 | 48,945 | 69,160 | 36,537 | 4,259 | 4,303 | |||
| Cash and cash equivalents | 33,441 | 39,097 | 69,160 | 36,537 | 4,259 | 4,303 | |||
| Short-term investments | 9,849 | ||||||||
| Receivables | 219 | 510 | 969 | 766 | 296 | ||||
| Inventory, net of allowances, customer advances and progress billings | 3,432 | 970 | 3,744 | 1,173 | |||||
| Inventory | 3,432 | 970 | 3,744 | 1,173 | |||||
| Prepaid expense | 326 | 126 | 214 | 112 | |||||
| Asset, held-for-sale, not part of disposal group | 375 | ||||||||
| Other undisclosed current assets | 11,562 | 1,353 | 2,062 | 1,497 | 182 | 329 | |||
| Total current assets: | 48,980 | 51,905 | 76,150 | 40,085 | 4,816 | 4,928 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 671 | 819 | 1,013 | 1,099 | ✕ | ||||
| Property, plant and equipment | 3,117 | 2,192 | 835 | 611 | 40 | ||||
| Intangible assets, net (including goodwill) | 88 | 144 | |||||||
| Intangible assets, net (excluding goodwill) | 88 | 144 | |||||||
| Other noncurrent assets | 317 | 4 | |||||||
| Other undisclosed noncurrent assets | 96 | 74 | 41 | 22 | 124 | 659 | |||
| Total noncurrent assets: | 3,884 | 3,085 | 1,978 | 1,876 | 441 | 702 | |||
| TOTAL ASSETS: | 52,864 | 54,990 | 78,128 | 41,961 | 5,257 | 5,630 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 4,113 | 2,072 | 3,638 | 1,432 | 1,348 | 2,339 | |||
| Accounts payable | 2,456 | 1,107 | 647 | 767 | |||||
| Accrued liabilities | 1,657 | 965 | 2,991 | 665 | |||||
| Other undisclosed accounts payable and accrued liabilities | 1,348 | 2,339 | |||||||
| Deferred revenue | 24 | ✕ | |||||||
| Debt | 8 | ||||||||
| Other undisclosed current liabilities | 197 | 166 | 206 | 123 | 253 | ||||
| Total current liabilities: | 4,309 | 2,238 | 3,844 | 1,587 | 1,348 | 2,592 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 860 | 1,017 | |||||||
| Long-term debt, excluding current maturities | 14 | ||||||||
| Liabilities, other than long-term debt | 9,903 | 694 | |||||||
| Operating lease, liability | 503 | 694 | 860 | 1,003 | ✕ | ||||
| Derivative instruments and hedges, liabilities | 9,400 | ||||||||
| Other undisclosed noncurrent liabilities | 13,320 | (860) | (1,003) | ||||||
| Total noncurrent liabilities: | 23,223 | 694 | 860 | 1,017 | |||||
| Other undisclosed liabilities | 1,041 | ||||||||
| Total liabilities: | 27,532 | 2,932 | 4,704 | 2,604 | 2,389 | 2,592 | |||
| Temporary equity, carrying amount | 11,194 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 14,138 | 52,058 | 73,424 | 39,358 | 2,868 | 3,038 | |||
| Common stock | 0 | 4 | 4 | 3 | 0 | 1 | |||
| Additional paid in capital | 129,467 | 133,224 | 131,655 | 64,510 | 37,582 | 32,791 | |||
| Accumulated deficit | (115,330) | (81,170) | (58,234) | (25,155) | (34,714) | (29,754) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | |||||||
| Total equity: | 14,138 | 52,058 | 73,424 | 39,358 | 2,868 | 3,038 | |||
| TOTAL LIABILITIES AND EQUITY: | 52,864 | 54,990 | 78,128 | 41,961 | 5,257 | 5,630 | |||
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 | 499 | 2,990 | 2,684 | 1,604 | 4,580 | 6,078 | ||
| Cost of revenue | (5,134) | (6,044) | (4,775) | (1,771) | (4,172) | (7,864) | ||
| Cost of goods and services sold | (5,134) | (6,044) | (4,775) | (1,771) | ||||
| Other undisclosed gross profit | ||||||||
| Gross profit: | (4,635) | (3,053) | (2,091) | (166) | 407 | (1,786) | ||
| Operating expenses | (23,521) | (20,224) | (31,038) | (9,940) | (2,477) | (12,027) | ||
| Other undisclosed operating loss | (407) | |||||||
| Operating loss: | (28,156) | (23,277) | (33,129) | (10,106) | (2,477) | (13,813) | ||
| Nonoperating income (expense) | (6,004) | 342 | 49 | (657) | (4,170) | |||
| Investment income, nonoperating | (4,170) | |||||||
| Other nonoperating income (expense) | 182 | 52 | 237 | |||||
| Interest and debt expense | (2) | (567) | ||||||
| Loss from continuing operations: | (34,160) | (22,935) | (33,082) | (11,330) | (2,477) | (17,983) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (33,082) | (11,330) | (4,902) | (21,838) | |
| Loss from discontinued operations | (2,425) | (3,855) | ||||||
| Net loss: | (34,160) | (22,935) | (33,082) | (11,330) | (4,902) | (21,838) | ||
| Other undisclosed net income attributable to parent | 2 | 567 | 3,088 | |||||
| Net loss attributable to parent: | (34,160) | (22,935) | (33,079) | (10,763) | (4,902) | (18,749) | ||
| Preferred stock dividends and other adjustments | (698) | (433) | (58) | (1,400) | ||||
| Other undisclosed net loss available to common stockholders, basic | (4,179) | |||||||
| Net loss available to common stockholders, basic: | (39,038) | (22,935) | (33,079) | (11,196) | (4,960) | (20,149) | ||
| Other undisclosed net loss available to common stockholders, diluted | ||||||||
| Net loss available to common stockholders, diluted: | (39,038) | (22,935) | (33,079) | (11,196) | (4,960) | (20,149) | ||
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: | (34,160) | (22,935) | (33,082) | (11,330) | (4,902) | (21,838) | ||
| Comprehensive loss, net of tax, attributable to parent: | (34,160) | (22,935) | (33,082) | (11,330) | (4,902) | (21,838) | ||
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.