Clever Leaves Holdings Inc. (CLVR) Financial Statements (2024 and earlier)

Company Profile

Business Address BODEGA 19-B PARQUE INDUSTRIAL TIBITOC PH
TOCANCIPA - CUNDINAMARCA, 251017
State of Incorp. BC
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,44937,22679,107
Cash and cash equivalents12,44937,22679,107
Restricted cash and investments439473353
Receivables2,2524,6182,982
Inventory, net of allowances, customer advances and progress billings8,39915,40810,190
Inventory8,39915,40810,190
Prepaid expense 5909351,404
Deposits current assets5147109
Other undisclosed current assets2,0671,6861,661
Total current assets:26,24760,39395,806
Noncurrent Assets
Operating lease, right-of-use asset1,303  
Property, plant and equipment15,46330,93225,680
Long-term investments and receivables 5,6791,458 
Long-term investments 5,6791,458 
Intangible assets, net (including goodwill)3,35423,11742,787
Goodwill   18,508
Intangible assets, net (excluding goodwill)3,35423,11724,279
Disposal group, including discontinued operation, noncurrent assets   
Other noncurrent assets 5226052
Other undisclosed noncurrent assets   1,553
Total noncurrent assets:25,85155,76770,072
TOTAL ASSETS:52,098116,160165,878
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2993,9814,429
Accounts payable2,2993,9814,429
Deferred revenue1,072653870
Debt 46517,508 
Other undisclosed current liabilities5,5905,10323,926
Total current liabilities:9,42627,24529,225
Noncurrent Liabilities
Long-term debt and lease obligation 1,0657,587 
Long-term debt, excluding current maturities 1,0657,587 
Liabilities, other than long-term debt1,1998,5587,560
Deferred revenue  1,5481,167
Deferred income tax liabilities  6,6505,700
Other liabilities112360693
Operating lease, liability1,087  
Other undisclosed noncurrent liabilities  33,843
Total noncurrent liabilities:2,26416,14541,403
Total liabilities:11,69043,39070,628
Equity
Equity, attributable to parent40,40872,77095,250
Additional paid in capital221,313187,510164,264
Accumulated deficit(180,905)(114,740)(69,014)
Total equity:40,40872,77095,250
TOTAL LIABILITIES AND EQUITY:52,098116,160165,878

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues17,80015,37412,117
Cost of revenue
(Cost of Goods and Services Sold)
(13,470)(8,565)(4,704)
Gross profit:4,3306,8097,413
Operating expenses(79,432)(64,016)(35,941)
Operating loss:(75,102)(57,207)(28,528)
Nonoperating expense(2,647)(12,526)(2,637)
Investment income, nonoperating(6,851) 1,121
Gain (loss), foreign currency transaction, before tax1,1291,276491
Interest and debt expense (2,263)3,2622,360
Other undisclosed income from continuing operations before equity method investments, income taxes 7,55721,790 
Loss from continuing operations before equity method investments, income taxes:(72,455)(44,681)(28,805)
Loss from equity method investments (64)(95)(4)
Other undisclosed income from continuing operations before income taxes   2,918
Loss from continuing operations before income taxes:(72,519)(44,776)(25,891)
Income tax expense (benefit) 6,354(950) 
Loss from continuing operations:(66,165)(45,726)(25,891)
Loss before gain (loss) on sale of properties:(45,726)(25,891)
Other undisclosed net loss   (4)
Net loss:(66,165)(45,726)(25,895)
Other undisclosed net income attributable to parent   
Net loss available to common stockholders, diluted:(66,165)(45,726)(25,895)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(66,165)(45,726)(25,895)
Comprehensive loss, net of tax, attributable to parent:(66,165)(45,726)(25,895)

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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