ENGlobal Corporation (ENG) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
11740 KATY FWY HOUSTON, TX 77079 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8711 - Engineering Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 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 | 3,464 | 19,202 | 13,706 | 8,307 | 6,060 | 8,988 | |||
| Cash and cash equivalents | 3,464 | 19,202 | 13,706 | 8,307 | 6,060 | 8,988 | |||
| Receivables | 7,644 | 7,692 | 7,837 | 11,508 | 10,373 | 9,114 | |||
| Inventory, net of allowances, customer advances and progress billings | 129 | ||||||||
| Inventory | 129 | ||||||||
| Prepaid expense | 1,397 | 917 | 843 | 816 | 934 | ||||
| Contract with customer, asset, after allowance for credit loss | 4,934 | 4,177 | 4,090 | 3,862 | 3,175 | ✕ | |||
| Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,273 | ||
| Other undisclosed current assets | 1,601 | 3,106 | 1,654 | ||||||
| Total current assets: | 19,169 | 35,094 | 26,476 | 24,493 | 20,542 | 25,029 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,757 | 1,698 | 1,263 | 1,033 | 677 | 1,027 | |||
| Intangible assets, net (including goodwill) | 720 | 720 | 720 | 720 | 720 | 2,806 | |||
| Goodwill | 720 | 720 | 720 | 720 | 720 | 2,806 | |||
| Other noncurrent assets | 8,377 | 4,557 | 1,979 | 2,440 | 367 | 390 | |||
| Total noncurrent assets: | 10,854 | 6,975 | 3,962 | 4,193 | 1,764 | 4,223 | |||
| TOTAL ASSETS: | 30,023 | 42,069 | 30,438 | 28,686 | 22,306 | 29,252 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,456 | 4,710 | 5,186 | 6,044 | 5,473 | 5,781 | |||
| Taxes payable | ✕ | ✕ | 35 | ||||||
| Employee-related liabilities | ✕ | ✕ | 2,183 | 3,048 | 2,783 | 2,301 | 2,039 | ||
| Accounts payable | 4,454 | 2,001 | 2,138 | 3,261 | 3,172 | 3,742 | |||
| Accrued liabilities | 2,002 | 491 | |||||||
| Deferred revenue | 956 | 2,054 | 1,258 | 200 | ✕ | ✕ | |||
| Debt | 1,661 | 236 | 3,827 | 1,041 | |||||
| Billings in excess of cost | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,334 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 604 | ✕ | ||
| Other liabilities | 1,134 | 667 | 745 | 681 | 740 | 1,067 | |||
| Other undisclosed current liabilities | 1,849 | 1,164 | 1,421 | 5,238 | |||||
| Total current liabilities: | 12,056 | 8,831 | 12,437 | 13,204 | 6,817 | 8,182 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 973 | 1,035 | 3,341 | 1,458 | 1 | ||||
| Long-term debt, excluding current maturities | 425 | 1,035 | 2,733 | ||||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 1 | |||
| Finance lease, liability | 548 | 322 | ✕ | ✕ | |||||
| Liabilities, other than long-term debt | 6,669 | (173) | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | (173) | |||
| Operating lease, liability | 6,669 | 286 | 1,458 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 4,012 | 751 | 173 | ||||||
| Total noncurrent liabilities: | 7,642 | 5,047 | 4,378 | 1,458 | 1 | ||||
| Total liabilities: | 19,698 | 13,878 | 16,815 | 14,662 | 6,817 | 8,183 | |||
| Equity | |||||||||
| Equity, attributable to parent | 10,325 | 28,191 | 13,623 | 14,024 | 15,489 | 21,069 | |||
| Common stock | 36 | 35 | 28 | 27 | 27 | 27 | |||
| Additional paid in capital | 58,050 | 57,403 | 37,157 | 36,934 | 36,934 | 36,843 | |||
| Accumulated deficit | (47,761) | (29,247) | (23,562) | (22,937) | (21,472) | (15,801) | |||
| Total equity: | 10,325 | 28,191 | 13,623 | 14,024 | 15,489 | 21,069 | |||
| TOTAL LIABILITIES AND EQUITY: | 30,023 | 42,069 | 30,438 | 28,686 | 22,306 | 29,252 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 40,189 | 36,410 | 64,449 | 56,446 | 53,996 | 55,765 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (44,401) | (37,053) | (55,998) | (48,530) | (47,063) | (49,327) | ||
| Gross profit: | (4,212) | (643) | 8,451 | 7,916 | 6,933 | 6,438 | ||
| Operating expenses | (14,115) | (12,833) | (8,834) | (9,317) | (12,116) | (12,581) | ||
| Operating loss: | (18,327) | (13,476) | (383) | (1,401) | (5,183) | (6,143) | ||
| Nonoperating income (expense) | 75 | 8,063 | 14 | 49 | (356) | (104) | ||
| Gain, foreign currency transaction, before tax | 4,974 | |||||||
| Interest and debt expense | (223) | (212) | (153) | (31) | (22) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 76 | |||||||
| Loss from continuing operations before income taxes: | (18,475) | (5,625) | (522) | (1,383) | (5,561) | (6,171) | ||
| Income tax expense (benefit) | (39) | (60) | (103) | (83) | (110) | 10,087 | ||
| Income (loss) from continuing operations: | (18,514) | (5,685) | (625) | (1,466) | (5,671) | 3,916 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (5,685) | (625) | (1,466) | (5,671) | 3,916 | ||
| Other undisclosed net loss | ||||||||
| Net income (loss): | (18,514) | (5,685) | (625) | (1,466) | (5,671) | 3,916 | ||
| Other undisclosed net income (loss) attributable to parent | (20,174) | |||||||
| Net loss available to common stockholders, diluted: | (18,514) | (5,685) | (625) | (1,466) | (5,671) | (16,258) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (18,514) | (5,685) | (625) | (1,466) | (5,671) | 3,916 | ||
| Other comprehensive loss | (122) | |||||||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (18,636) | (5,685) | (625) | (1,466) | (5,671) | 3,916 | ||
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.