Data Storage Corporation (DTST) Financial Statements (2024 and earlier)

Company Profile

Business Address 48 SOUTH SERVICE ROAD
MELVILLE, NY 11747
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (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 investments11,29812,136894327229105
Cash and cash equivalents2,28712,136894327229105
Short-term investments9,011     
Receivables3,5032,384555691531406
Prepaid expense96     
Other undisclosed current assets48953623981168120
Total current assets:15,38515,0571,6881,099928632
Noncurrent Assets
Operating lease, right-of-use asset 422242324
Accounts receivable, excluding accrued interest, after allowance for credit loss(27) 
Property, plant and equipment2,2121,937    
Intangible assets, net (including goodwill) 8,8153,4723,6663,5684,060
Goodwill 6,5613,0163,0163,0163,016
Intangible assets, net (excluding goodwill) 2,2554566505521,044
Other noncurrent assets 6,48910349656575
Other undisclosed noncurrent assets27   2943
Total noncurrent assets:8,70111,2783,7634,0553,9284,138
Other undisclosed assets   2,3022,1891,2881,624
TOTAL ASSETS:24,08626,3357,7527,3436,1446,394
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,2081,3439809079891,087
Interest and dividends payable 1,116971847734
Other undisclosed accounts payable and accrued liabilities3,2081,343(136)(64)142354
Deferred revenue281367462433
Debt5371,0561,6921,360350(308)
Deferred revenue and credits567
Other undisclosed current liabilities5042051,2209711,7922,238
Total current liabilities:4,5302,9724,3543,6703,1303,583
Noncurrent Liabilities
Long-term debt and lease obligation2813845021,9441,2191,131
Long-term debt, excluding current maturities   107   
Capital lease obligations1,2191,131
Finance lease, liability2811572481,713
Liabilities, other than long-term debt 72   19101
Deferred revenue and credits1
Deferred rent credit     19
Due to related parties     100
Operating lease, liability 72226148231
Other undisclosed noncurrent liabilities256138827   
Total noncurrent liabilities:6097481,4771,9441,2381,232
Total liabilities:5,1393,7205,8315,6154,3684,815
Equity
Equity, attributable to parent, including:19,10222,7172,0161,7961,8041,583
Preferred stock   11  
Common stock77129128128128
Additional paid in capital38,98238,24117,62017,45617,41017,378
Accumulated deficit(19,887)(15,531)(15,735)(15,790)(15,736)(15,924)
Other undisclosed equity, attributable to parent     11
Equity, attributable to noncontrolling interest(155)(103)(95)(68)(28)(4)
Total equity:18,94722,6151,9211,7281,7761,579
TOTAL LIABILITIES AND EQUITY:24,08626,3357,7527,3436,1446,394

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
Revenues23,87114,8769,3218,4848,8878,257
Revenue, net8,257
Cost of revenue(15,788)(8,459)(5,425)(4,746)(5,428)(4,910)
Gross profit:8,0836,4173,8963,7383,4593,347
Operating expenses(12,159)(7,184)(3,897)(3,531)(3,124)(3,431)
Operating income (loss):(4,076)(767)(1)207335(85)
Nonoperating income (expense)(333)627174(177)(99)(104)
Interest and debt expense(130)(127)350(177)(99)(107)
Income (loss) from continuing operations before equity method investments, income taxes:(4,539)(266)523(148)138(295)
Other undisclosed income (loss) from continuing operations before income taxes130127(350)17799107
Income (loss) from continuing operations before income taxes:(4,409)(140)17329237(188)
Income tax benefit  400    
Income (loss) from continuing operations:(4,409)26017329237(188)
Income (loss) before gain (loss) on sale of properties:26017329237(188)
Net income (loss):(4,409)26017329237(188)
Net income attributable to noncontrolling interest5282741234
Net income (loss) attributable to parent:(4,357)26820070260(184)
Preferred stock dividends and other adjustments  (64)(145)(124)(113)(115)
Net income (loss) available to common stockholders, basic:(4,357)20455(54)147(299)
Dilutive securities, effect on basic earnings per share    8,5592,098 
Net income (loss) available to common stockholders, diluted:(4,357)204558,5052,245(299)

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):(4,409)26017329237(188)
Comprehensive income (loss):(4,409)26017329237(188)
Comprehensive income, net of tax, attributable to noncontrolling interest5282741234
Comprehensive income (loss), net of tax, attributable to parent:(4,357)26820070260(184)

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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