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)Annual | Quarterly
| 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 9,800 | 15,000 | 16,300 | 13,100 | 14,300 | 16,900 | |||
| Cash and cash equivalents | 9,515 | 10,159 | 11,528 | 3,393 | 4,545 | 5,097 | |||
| Short-term investments | 761 | 1,201 | |||||||
| Other undisclosed cash, cash equivalents, and short-term investments | 285 | 4,841 | 4,772 | 9,707 | 8,994 | 10,602 | |||
| Receivables | 14,290 | 10,283 | 10,592 | 13,036 | 10,448 | 10,041 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,058 | 4,649 | 3,954 | 3,864 | 4,737 | 4,586 | |||
| Inventory | 5,058 | 4,649 | 3,954 | 3,864 | 4,737 | 4,586 | |||
| Contract with customer, asset, after allowance for credit loss | 3,829 | 3,660 | ✕ | ||||||
| Deferred costs | 3,976 | 4,258 | 4,312 | 4,296 | |||||
| Other undisclosed current assets | 3,246 | (932) | 512 | (4,193) | (3,070) | (6,669) | |||
| Total current assets: | 36,223 | 32,660 | 35,334 | 30,065 | 30,727 | 29,154 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,188 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 2,194 | 2,149 | 2,262 | 2,471 | 2,613 | 2,747 | |||
| Long-term investments and receivables | 1,138 | 1,254 | 1,293 | 1,381 | 10,416 | 11,835 | |||
| Long-term investments | 8,674 | 10,278 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 1,138 | 1,254 | 1,293 | 1,381 | 1,742 | 1,557 | |||
| Intangible assets, net (including goodwill) | 14,208 | 12,023 | 12,201 | 12,379 | 12,557 | 12,735 | |||
| Goodwill | 8,896 | 7,318 | 7,318 | 7,318 | 7,318 | 7,318 | |||
| Intangible assets, net (excluding goodwill) | 5,312 | 4,705 | 4,883 | 5,061 | 5,239 | 5,417 | |||
| Contract with customer, asset, after allowance for credit loss | 6,074 | 5,409 | ✕ | ||||||
| Deferred costs | 4,639 | 4,435 | 3,896 | 4,302 | |||||
| Other noncurrent assets | 504 | 177 | 157 | 159 | 159 | 159 | |||
| Other undisclosed noncurrent assets | 4,131 | 4,246 | 8,983 | ||||||
| Total noncurrent assets: | 26,306 | 25,143 | 24,798 | 29,808 | 29,641 | 31,778 | |||
| TOTAL ASSETS: | 62,529 | 57,803 | 60,132 | 59,873 | 60,368 | 60,932 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 9,680 | 8,027 | 8,608 | 7,739 | 8,596 | 7,440 | |||
| Employee-related liabilities | 674 | 870 | 522 | 507 | 510 | 607 | |||
| Accounts payable | 8,521 | 6,644 | 7,591 | 6,714 | 7,524 | 6,233 | |||
| Accrued liabilities | 485 | 513 | 495 | 518 | 562 | 600 | |||
| Deferred revenue | 9,856 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 819 | ||||||||
| Business combination, contingent consideration, liability | 966 | 946 | 923 | 1,989 | 1,956 | 1,923 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 8,654 | 9,711 | ||
| Contract with customer, liability | ✕ | ✕ | 7,902 | ✕ | |||||
| Other undisclosed current liabilities | 8,319 | 8,838 | |||||||
| Total current liabilities: | 21,321 | 16,875 | 17,850 | 18,566 | 19,206 | 19,074 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 1,542 | ||||||||
| Liabilities, other than long-term debt | 9,934 | 9,394 | 230 | 1,152 | 9,105 | 8,887 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 8,228 | 8,033 | ||
| Deferred revenue | 9,934 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | 9,186 | ✕ | |||||
| Deferred rent credit | 208 | 230 | 252 | ✕ | |||||
| Operating lease, liability | 1,542 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Business combination, contingent consideration, liability | 900 | 877 | 854 | ||||||
| Other undisclosed noncurrent liabilities | 8,563 | 8,487 | |||||||
| Total noncurrent liabilities: | 11,476 | 9,394 | 8,793 | 9,639 | 9,105 | 8,887 | |||
| Total liabilities: | 32,797 | 26,269 | 26,643 | 28,205 | 28,311 | 27,961 | |||
| Equity | |||||||||
| Equity, attributable to parent | 29,732 | 31,534 | 33,489 | 31,668 | 32,057 | 32,971 | |||
| Common stock | 193 | 192 | 191 | 188 | 186 | 183 | |||
| Treasury stock, value | (5,962) | (5,736) | (5,705) | (5,529) | (5,481) | (4,835) | |||
| Additional paid in capital | 139,275 | 138,693 | 137,829 | 135,081 | 134,485 | 133,569 | |||
| Accumulated other comprehensive loss | (400) | (435) | (455) | (598) | (775) | (578) | |||
| Accumulated deficit | (103,374) | (101,180) | (98,371) | (97,474) | (96,358) | (95,368) | |||
| Total equity: | 29,732 | 31,534 | 33,489 | 31,668 | 32,057 | 32,971 | |||
| TOTAL LIABILITIES AND EQUITY: | 62,529 | 57,803 | 60,132 | 59,873 | 60,368 | 60,932 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 13,611 | 11,491 | 13,385 | 14,809 | 13,379 | 11,167 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 13,379 | 11,167 | |
| Cost of revenue (Cost of Goods and Services Sold) | (6,593) | (5,367) | (6,588) | (8,394) | (6,917) | (5,558) | ||
| Gross profit: | 7,018 | 6,124 | 6,797 | 6,415 | 6,462 | 5,609 | ||
| Operating expenses | (9,219) | (8,943) | (7,617) | (7,535) | (7,439) | (6,784) | ||
| Operating loss: | (2,201) | (2,819) | (820) | (1,120) | (977) | (1,175) | ||
| Nonoperating expense | (38) | (12) | (109) | (11) | (33) | |||
| Investment income, nonoperating | ||||||||
| Gain (loss), foreign currency transaction, before tax | (26) | (68) | (50) | (277) | 181 | 50 | ||
| Interest and debt expense | (20) | (23) | (34) | (59) | (57) | (94) | ||
| Loss from continuing operations before equity method investments, income taxes: | (2,259) | (2,854) | (963) | (1,190) | (1,067) | (1,269) | ||
| Other undisclosed income from continuing operations before income taxes | 262 | 253 | ||||||
| Loss from continuing operations before income taxes: | (2,259) | (2,592) | (963) | (1,190) | (1,067) | (1,016) | ||
| Other undisclosed income from continuing operations | 311 | |||||||
| Loss from continuing operations: | (2,259) | (2,592) | (963) | (1,190) | (1,067) | (705) | ||
| Loss before gain (loss) on sale of properties: | (2,259) | (2,592) | (963) | (1,190) | (1,067) | (705) | ||
| Net loss: | (2,259) | (2,592) | (963) | (1,190) | (1,067) | (705) | ||
| Other undisclosed net income (loss) attributable to parent | 65 | (217) | 66 | 74 | 77 | (169) | ||
| Net loss available to common stockholders, diluted: | (2,194) | (2,809) | (897) | (1,116) | (990) | (874) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (2,259) | (2,592) | (963) | (1,190) | (1,067) | (705) | ||
| Comprehensive loss: | (2,259) | (2,592) | (963) | (1,190) | (1,067) | (705) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 100 | (197) | 209 | 251 | (120) | (276) | ||
| Comprehensive loss, net of tax, attributable to parent: | (2,159) | (2,789) | (754) | (939) | (1,187) | (981) | ||
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.