COMSovereign Holding Corp. (COMSW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
6890 E. SUNRISE DRIVE TUCSON, AZ 85750 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,868 | 1,899 | 731 | 812 | 2,282 | 615 | |||
| Cash and cash equivalents | 1,868 | 1,899 | 731 | 812 | 2,282 | 615 | |||
| Receivables | 650 | 1,598 | 787 | 2,170 | 18 | 110 | |||
| Inventory, net of allowances, customer advances and progress billings | 3,966 | 10,544 | 4,538 | 4,671 | 308 | 992 | |||
| Inventory | 3,966 | 10,544 | 4,538 | 4,671 | 308 | 992 | |||
| Prepaid expense | 3,571 | 7,202 | 917 | 90 | 103 | ||||
| Asset, held-for-sale, not part of disposal group | 651 | ||||||||
| Other current assets | 150 | 342 | 152 | 95 | |||||
| Other undisclosed current assets | 1,126 | 1,473 | |||||||
| Total current assets: | 11,982 | 21,585 | 7,681 | 8,665 | 2,698 | 1,820 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 190 | 68 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 97 | 3,717 | 2,725 | 2,200 | ✕ | ✕ | |||
| Property, plant and equipment | 377 | 9,488 | 2,286 | 1,458 | 53 | 156 | |||
| Long-term investments and receivables | 1,350 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 1,350 | ||||||||
| Intangible assets, net (including goodwill), including: | 8,738 | 53,451 | 48 | 107,664 | 805 | 1,097 | |||
| Goodwill | 7,310 | 37,991 | 64,898 | 56,387 | 100 | 100 | |||
| Intangible assets, net (excluding goodwill) | 1,428 | 15,460 | 53,188 | 51,277 | 706 | 998 | |||
| Other undisclosed intangible assets, net (including goodwill) | (118,038) | ||||||||
| Restricted cash and investments | 195 | ||||||||
| Other undisclosed noncurrent assets | 2,179 | 98 | 118,068 | ||||||
| Total noncurrent assets: | 12,936 | 66,944 | 123,196 | 111,322 | 859 | 1,253 | |||
| TOTAL ASSETS: | 24,918 | 88,529 | 130,877 | 119,987 | 3,557 | 3,074 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 6,662 | 5,991 | 13,253 | 4,986 | 485 | 205 | |||
| Interest and dividends payable | ✕ | ✕ | 288 | 2,029 | 306 | ||||
| Employee-related liabilities | ✕ | ✕ | 927 | 3,992 | 1,051 | ||||
| Accounts payable | 3,656 | 3,739 | 5,583 | 2,246 | |||||
| Accrued liabilities | 3,006 | 1,037 | 1,649 | 1,383 | |||||
| Other undisclosed accounts payable and accrued liabilities | 485 | 205 | |||||||
| Deferred revenue | 2,000 | 27 | 721 | 150 | ✕ | ✕ | |||
| Debt | 11,536 | 13,638 | 18,387 | 5,857 | 2,000 | 1,000 | |||
| Due to related parties | ✕ | 86 | 30 | 461 | 1,172 | ||||
| Other undisclosed current liabilities | 7,718 | 5,364 | 1,871 | 3,688 | |||||
| Total current liabilities: | 27,916 | 25,106 | 34,262 | 15,143 | 2,485 | 2,377 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,895 | 15,044 | 2,924 | 1,745 | |||||
| Long-term debt, excluding current maturities | 1,895 | 12,273 | 706 | ||||||
| Finance lease, liability | 9 | ✕ | ✕ | ||||||
| Liabilities, other than long-term debt | 9,968 | 108 | 143 | 153 | 3,000 | ||||
| Deferred revenue | 152 | 108 | 143 | 153 | ✕ | ✕ | |||
| Due to related parties | ✕ | 3,000 | |||||||
| Operating lease, liability | 9,816 | 2,771 | 2,209 | 1,745 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 140 | 120 | |||||||
| Total noncurrent liabilities: | 12,003 | 15,272 | 3,067 | 1,897 | 3,000 | ||||
| Total liabilities: | 39,919 | 40,378 | 37,330 | 17,040 | 2,485 | 5,377 | |||
| Equity | |||||||||
| Equity, attributable to parent | (15,001) | 48,151 | 93,548 | 102,947 | 1,072 | (2,304) | |||
| Common stock | 17 | 15 | 13 | 2 | 1 | ||||
| Treasury stock, value | (50) | (50) | (50) | (50) | |||||
| Additional paid in capital | 282,582 | 266,004 | 158,210 | 130,553 | 39,541 | 27,692 | |||
| Accumulated other comprehensive income (loss) | 23 | 23 | (23) | ||||||
| Accumulated deficit | (297,556) | (217,843) | (64,627) | (27,545) | (38,472) | (29,997) | |||
| Total equity: | (15,001) | 48,151 | 93,548 | 102,947 | 1,072 | (2,304) | |||
| TOTAL LIABILITIES AND EQUITY: | 24,918 | 88,529 | 130,877 | 119,987 | 3,557 | 3,074 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,878 | 12,640 | 9,427 | 4,712 | 2,723 | 562 | ||
| Cost of revenue | (7,594) | (6,497) | (4,596) | (2,991) | (2,214) | (339) | ||
| Cost of goods and services sold | (7,594) | (6,497) | (4,596) | (2,991) | (565) | |||
| Gross profit: | 2,284 | 6,143 | 4,831 | 1,721 | 509 | 223 | ||
| Operating expenses | (71,460) | (151,674) | (32,052) | (21,974) | (10,070) | |||
| Other undisclosed operating loss | (8,639) | |||||||
| Operating loss: | (69,176) | (145,531) | (27,221) | (20,253) | (8,131) | (9,846) | ||
| Nonoperating expense | (11,284) | (7,518) | (1,444) | (11,430) | (344) | (478) | ||
| Investment income, nonoperating | 1,832 | |||||||
| Other nonoperating expense | (116) | (1,369) | (147) | |||||
| Interest and debt expense | (300) | (4,602) | (11,325) | (435) | (344) | (682) | ||
| Loss from continuing operations before equity method investments, income taxes: | (80,760) | (157,651) | (39,990) | (32,118) | (8,820) | (11,006) | ||
| Other undisclosed income from continuing operations before income taxes | 80,680 | 4,602 | 2 | 435 | ||||
| Income (loss) from continuing operations before income taxes: | (80) | (153,049) | (39,988) | (31,683) | (8,820) | (11,006) | ||
| Income tax benefit | 2,906 | 4,138 | ||||||
| Income (loss) from continuing operations: | (80) | (153,049) | (37,081) | (27,545) | (8,820) | (11,006) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (153,049) | (37,081) | (27,545) | (8,820) | (11,006) | |
| Income from discontinued operations | 747 | |||||||
| Net income (loss): | 667 | (153,049) | (37,081) | (27,545) | (8,820) | (11,006) | ||
| Other undisclosed net income (loss) attributable to parent | (80,380) | 344 | 682 | |||||
| Net loss attributable to parent: | (79,713) | (153,049) | (37,081) | (27,545) | (8,475) | (10,324) | ||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net loss available to common stockholders, basic: | (79,713) | (153,049) | (37,081) | (27,545) | (8,475) | (10,324) | ||
| Other undisclosed net loss available to common stockholders, diluted | (678) | (168) | ||||||
| Net loss available to common stockholders, diluted: | (80,391) | (153,217) | (37,081) | (27,545) | (8,475) | (10,324) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 667 | (153,049) | (37,081) | (27,545) | (8,820) | (11,006) | ||
| Other comprehensive income (loss) | 23 | (23) | 23 | |||||
| Other undisclosed comprehensive income (loss) | 47 | (47) | ||||||
| Comprehensive income (loss): | 667 | (153,026) | (37,058) | (27,569) | (8,820) | (11,006) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (168) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 667 | (153,194) | (37,058) | (27,569) | (8,820) | (11,006) | ||
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.