Yunhong CTI Ltd. (CTIB) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
22160 N PEPPER RD BARRINGTON, IL 60010 |
| State of Incorp. | IL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 306 - Fabricated Rubber Products, Not Elsewhere (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 | 146 | 66 | 429 | 845 | 428 | 181 | |||
| Cash and cash equivalents | 146 | 66 | 429 | 845 | 428 | 181 | |||
| Receivables | 1,618 | 3,443 | 5,516 | 10,399 | 10,831 | 11,236 | |||
| Inventory, net of allowances, customer advances and progress billings | 8,325 | 7,876 | 10,970 | 13,959 | 20,007 | 18,866 | |||
| Inventory | 8,325 | 7,876 | 10,970 | 13,959 | 20,007 | 18,866 | |||
| Prepaid expense | 389 | 625 | 589 | 353 | 858 | 888 | |||
| Disposal group, including discontinued operation | 294 | 756 | |||||||
| Other current assets | 464 | 1,352 | 1,312 | 886 | 1,121 | ||||
| Other undisclosed current assets | (0) | ||||||||
| Total current assets: | 10,478 | 12,474 | 19,151 | 27,625 | 33,011 | 32,291 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,882 | 3,530 | 362 | 1,046 | ✕ | ✕ | |||
| Property, plant and equipment | 922 | 1,143 | 1,950 | 2,531 | 3,815 | 4,557 | |||
| Long-term investments and receivables | 53 | ||||||||
| Due from related parties | ✕ | 53 | |||||||
| Intangible assets, net (including goodwill) | 1,473 | 1,473 | |||||||
| Goodwill | 1,473 | 1,473 | |||||||
| Other noncurrent assets | 327 | 560 | |||||||
| Other undisclosed noncurrent assets | 135 | 88 | 119 | 135 | 1,049 | ||||
| Total noncurrent assets: | 4,804 | 4,808 | 2,400 | 3,696 | 5,750 | 7,693 | |||
| TOTAL ASSETS: | 15,282 | 17,282 | 21,551 | 31,321 | 38,761 | 39,984 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,793 | 2,780 | 6,376 | 8,227 | 8,546 | 7,462 | |||
| Accounts payable | 1,313 | 2,132 | 5,504 | 7,022 | 6,680 | 5,414 | |||
| Accrued liabilities | 2,480 | 648 | 872 | 1,205 | 1,867 | 2,048 | |||
| Debt | 3,166 | 3,488 | 5,068 | 1,702 | |||||
| Disposal group, including discontinued operation | 185 | 657 | |||||||
| Due to related parties | ✕ | 1,193 | 1,132 | 13 | 11 | 10 | |||
| Other undisclosed current liabilities | 519 | 6,398 | 11,095 | 15,140 | 16,583 | 13,487 | |||
| Total current liabilities: | 7,478 | 10,371 | 18,787 | 27,524 | 30,209 | 22,661 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,670 | 2,296 | 6,879 | ||||||
| Long-term debt, excluding current maturities | 2,670 | 2,296 | 6,879 | ||||||
| Liabilities, other than long-term debt | 4,631 | 100 | 207 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 207 | ||
| Deferred gain on sale of property | 100 | ✕ | |||||||
| Due to related parties | ✕ | 1,267 | |||||||
| Operating lease, liability | 3,364 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 427 | 2,860 | 44 | (100) | (207) | ||||
| Total noncurrent liabilities: | 5,058 | 2,860 | 44 | 2,670 | 2,296 | 6,879 | |||
| Total liabilities: | 12,536 | 13,231 | 18,831 | 30,195 | 32,505 | 29,540 | |||
| Temporary equity, carrying amount | 1,532 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,746 | 4,050 | 1,906 | 1,983 | 7,328 | 11,364 | |||
| Preferred stock | 2,755 | ||||||||
| Common stock | 21,283 | 14,538 | 14,538 | 13,898 | 13,898 | 13,898 | |||
| Treasury stock, value | (161) | (161) | (161) | (161) | (161) | (161) | |||
| Additional paid in capital | 3,895 | 4,317 | 5,042 | 3,587 | 2,506 | 2,271 | |||
| Accumulated other comprehensive loss | (5,885) | (5,349) | (6,050) | (5,365) | |||||
| Retained earnings (accumulated deficit) | (24,122) | (22,655) | (14,382) | (9,993) | (2,865) | 720 | |||
| Other undisclosed equity, attributable to parent | 1,851 | 8,011 | |||||||
| Equity, attributable to noncontrolling interest | (718) | (857) | (1,073) | (920) | |||||
| Total equity: | 2,746 | 4,050 | 1,187 | 1,127 | 6,256 | 10,444 | |||
| TOTAL LIABILITIES AND EQUITY: | 15,282 | 17,282 | 21,551 | 31,321 | 38,761 | 39,984 | |||
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 | 18,048 | 24,086 | 26,473 | 40,537 | 55,591 | 56,237 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 56,237 | |
| Cost of revenue (Cost of Goods and Services Sold) | (14,910) | (20,321) | (22,921) | (34,216) | (44,162) | (42,482) | ||
| Gross profit: | 3,138 | 3,764 | 3,552 | 6,321 | 11,429 | 13,755 | ||
| Operating expenses | (4,258) | (4,270) | (4,962) | (8,327) | (12,193) | (13,125) | ||
| Operating income (loss): | (1,120) | (506) | (1,410) | (2,006) | (764) | 630 | ||
| Nonoperating income (expense) | (347) | (7,222) | (1,501) | (2,720) | (2,038) | (1,701) | ||
| Gain (loss), foreign currency transaction, before tax | (5,885) | (99) | (12) | 47 | (145) | |||
| Other nonoperating income (expense) | 103 | 196 | (1,180) | (680) | ||||
| Interest and debt expense | (450) | (564) | (1,269) | (2,028) | (2,106) | (1,576) | ||
| Loss from continuing operations before equity method investments, income taxes: | (1,917) | (8,292) | (4,180) | (6,754) | (4,908) | (2,648) | ||
| Other undisclosed income from continuing operations before income taxes | 450 | 564 | 1,269 | 2,028 | 2,106 | 1,576 | ||
| Loss from continuing operations before income taxes: | (1,467) | (7,728) | (2,911) | (4,726) | (2,802) | (1,071) | ||
| Income tax expense (benefit) | 403 | (135) | (937) | (712) | ||||
| Other undisclosed loss from continuing operations | (947) | |||||||
| Loss from continuing operations: | (1,467) | (7,728) | (2,508) | (5,808) | (3,739) | (1,783) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (7,554) | (4,251) | (9,022) | (3,739) | (1,783) | |
| Income (loss) from discontinued operations | 174 | (1,743) | (3,214) | |||||
| Other undisclosed net income | 947 | |||||||
| Net loss: | (1,467) | (7,554) | (4,251) | (8,074) | (3,739) | (1,783) | ||
| Net income (loss) attributable to noncontrolling interest | (718) | (139) | 947 | 153 | 180 | |||
| Net loss attributable to parent: | (1,467) | (8,273) | (4,389) | (7,127) | (3,586) | (1,603) | ||
| Other undisclosed net loss available to common stockholders, basic | (584) | (3,573) | (4,380) | |||||
| Net loss available to common stockholders, basic: | (2,051) | (11,845) | (8,770) | (7,127) | (3,586) | (1,603) | ||
| Other undisclosed net income available to common stockholders, diluted | 7,171 | |||||||
| Net income (loss) available to common stockholders, diluted: | (2,051) | (11,845) | (8,770) | (7,127) | 3,586 | (1,603) | ||
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 loss: | (1,467) | (7,554) | (4,251) | (8,074) | (3,739) | (1,783) | ||
| Other comprehensive income (loss) | (6,700) | 310 | ||||||
| Comprehensive loss: | (1,467) | (14,254) | (4,251) | (7,764) | (3,739) | (1,783) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (718) | (139) | 947 | 153 | 180 | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 13,303 | (398) | (685) | 229 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (1,467) | (1,669) | (4,787) | (6,817) | (4,271) | (1,375) | ||
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.