I.D. Systems, Inc. (IDSY) Financial Statements (2024 and earlier)

Company Profile

Business Address 123 TICE BOULEVARD
WOODCLIFF LAKE, NJ 07677
State of Incorp. DE
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)

6/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including: 15,00016,9006,9006,4009,22310,672
Cash and cash equivalents 10,1595,0974,9724,4895,9746,582
Short-term investments  1,2011152593,2494,090
Other undisclosed cash, cash equivalents, and short-term investments 4,84110,6021,8131,652  
Receivables 10,28310,04111,35112,85116,85125
Inventory, net of allowances, customer advances and progress billings 4,6494,5863,9207,1526,2525,156
Inventory 4,6494,5863,9207,1526,2525,156
Contract with customer, asset, after allowance for credit loss 3,660
Deferred costs  4,2963,7503,3102,1832,112
Other undisclosed current assets (932)(6,669)1,9879151,90014,872
Total current assets: 32,66029,15427,90830,62836,40932,837
Noncurrent Assets
Property, plant and equipment 2,1492,7473,0753,1191,5202,239
Long-term investments and receivables 1,25411,8353,9294,4178,13813,355
Long-term investments  10,2781,4991,3394,0663,100
Accounts and financing receivable, after allowance for credit loss 1,2541,5572,4303,0784,07210,255
Intangible assets, net (including goodwill) 12,02312,7352,5432,6792,8143,901
Goodwill 7,3187,3181,8371,8371,8371,837
Intangible assets, net (excluding goodwill) 4,7055,4177068429772,064
Contract with customer, asset, after allowance for credit loss 5,409
Deferred costs  4,3026,6383,3203,2812,861
Other noncurrent assets 177159153265324322
Other undisclosed noncurrent assets 4,131     
Total noncurrent assets: 25,14331,77816,33813,80016,07722,678
TOTAL ASSETS: 57,80360,93244,24644,42852,48655,515
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 8,0277,4407,6229,17310,1026,264
Employee-related liabilities 8706079064181,540 
Accounts payable 6,6446,2336,1958,0267,1905,303
Accrued liabilities 5136005217291,372 
Other undisclosed accounts payable and accrued liabilities      961
Debt   2,993 149144
Business combination, contingent consideration, liability 9461,923   
Deferred revenue and credits9,7117,1977,3836,7424,641
Deferred tax liabilities     2,3162,329
Contract with customer, liability 7,902
Other undisclosed current liabilities     (2,316)(2,329)
Total current liabilities: 16,87519,07417,81216,55616,99311,049
Noncurrent Liabilities
Long-term debt and lease obligation      149
Capital lease obligations      149
Liabilities, other than long-term debt 9,3948,88710,4327,3028,2386,868
Deferred revenue and credits8,03310,4327,3028,2386,868
Contract with customer, liability 9,186
Deferred rent credit 208
Business combination, contingent consideration, liability  854   
Total noncurrent liabilities: 9,3948,88710,4327,3028,2387,017
Total liabilities: 26,26927,96128,24423,85825,23118,066
Equity
Equity, attributable to parent 31,53432,97116,00220,57027,25537,449
Common stock 192183129129124123
Treasury stock, value (5,736)(4,835)(4,370)(4,047)(3,590)(3,446)
Additional paid in capital 138,693133,569111,844110,116106,272104,479
Accumulated other comprehensive loss (435)(578)(103)(500)(375)(106)
Accumulated deficit (101,180)(95,368)(91,498)(85,128)(75,176)(63,601)
Total equity: 31,53432,97116,00220,57027,25537,449
TOTAL LIABILITIES AND EQUITY: 57,80360,93244,24644,42852,48655,515

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

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 53,06440,95836,82241,78445,63339,946
Revenue, net40,95836,82241,78445,63339,946
Cost of revenue
(Cost of Goods and Services Sold)
 (27,266)(20,031)(18,528)(24,761)(25,627)(22,036)
Gross profit: 25,79820,92718,29417,02320,00617,910
Operating expenses (31,534)(25,018)(24,662)(27,306)(32,184)(26,158)
Operating loss: (5,736)(4,091)(6,368)(10,283)(12,178)(8,248)
Nonoperating income (expense) (165)(1)6(11)3751
Investment income, nonoperating   285342566635
Gain (loss), foreign currency transaction, before tax (214)456(437)60(56) 
Interest and debt expense (173)(342)(293)   
Loss from continuing operations before equity method investments, income taxes: (6,074)(4,434)(6,655)(10,294)(12,141)(8,197)
Other undisclosed income from continuing operations before income taxes 262253285342566635
Loss from continuing operations before income taxes: (5,812)(4,181)(6,370)(9,952)(11,575)(7,562)
Income tax benefit  311   63
Loss from continuing operations: (5,812)(3,870)(6,370)(9,952)(11,575)(7,499)
Loss before gain (loss) on sale of properties: (5,812)(3,870)(6,370)(9,952)(11,575)(7,499)
Net loss available to common stockholders, diluted: (5,812)(3,870)(6,370)(9,952)(11,575)(7,499)

Comprehensive Income ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss: (5,812)(3,870)(6,370)(9,952)(11,575)(7,499)
Comprehensive loss: (5,812)(3,870)(6,370)(9,952)(11,575)(7,499)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 143(475)397(125)(269)(159)
Comprehensive loss, net of tax, attributable to parent: (5,669)(4,345)(5,973)(10,077)(11,844)(7,658)

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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