IEC Electronics Corp. (IEC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
105 NORTON STREET NEWARK, NY 14513 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 3672 - Printed Circuit Boards (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2021 MRQ | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 312 | 845 | 407 | ||||||
| Cash and cash equivalents | 312 | 845 | 407 | ||||||
| Receivables | 30,361 | 27,618 | 25,168 | 17,887 | 17,140 | 24,923 | |||
| Inventory, net of allowances, customer advances and progress billings | 51,374 | 44,267 | 34,126 | 15,605 | 15,384 | 25,753 | |||
| Inventory | 51,374 | 44,267 | 34,126 | 15,605 | 15,384 | 25,753 | |||
| Contract with customer, asset, after allowance for credit loss | 8,773 | ✕ | ✕ | ✕ | |||||
| Asset, held-for-sale, not part of disposal group | 4,611 | ||||||||
| Other current assets | 1,757 | 1,454 | 1,747 | 1,018 | 1,214 | 1,444 | |||
| Other undisclosed current assets | 10,046 | ||||||||
| Total current assets: | 92,577 | 83,385 | 61,041 | 34,510 | 39,194 | 52,527 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 23,587 | 19,433 | 20,110 | 17,777 | 10,994 | 15,443 | |||
| Intangible assets, net (including goodwill) | 196 | 235 | |||||||
| Goodwill | 101 | 101 | |||||||
| Intangible assets, net (excluding goodwill) | 95 | 134 | |||||||
| Regulated entity, other noncurrent assets | 269 | 289 | |||||||
| Deferred income tax assets | 4,840 | ✕ | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 1,700 | 860 | 442 | 160 | 242 | 57 | |||
| Other undisclosed noncurrent assets | 260 | 6,885 | 8,566 | ||||||
| Total noncurrent assets: | 30,387 | 27,447 | 29,407 | 17,937 | 11,432 | 15,735 | |||
| TOTAL ASSETS: | 122,964 | 110,832 | 90,448 | 52,447 | 50,626 | 68,262 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 33,849 | 27,532 | 30,943 | 14,503 | 14,758 | 21,992 | |||
| Employee-related liabilities | 3,659 | 3,174 | 1,796 | 1,013 | 3,365 | 2,338 | |||
| Accounts payable | 29,733 | 23,690 | 28,689 | 13,046 | 10,864 | 18,336 | |||
| Accrued liabilities | 457 | 668 | 458 | 444 | 529 | 1,318 | |||
| Deferred revenue | 19,783 | ✕ | ✕ | ✕ | ✕ | ||||
| Debt | 1,709 | 1,755 | 1,202 | 2,908 | 2,908 | ||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 1,611 | 1,756 | 5,761 | ||
| Other undisclosed current liabilities | 497 | 13,229 | 7,595 | ||||||
| Total current liabilities: | 54,129 | 42,470 | 40,293 | 17,316 | 19,422 | 30,661 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 21,660 | 35,595 | 23,029 | 19,385 | 16,961 | 28,323 | |||
| Long-term debt, excluding current maturities | 21,476 | 28,910 | 16,002 | 14,023 | 16,961 | 28,323 | |||
| Capital lease obligations | ✕ | ✕ | 6,685 | 7,027 | 5,362 | ||||
| Liabilities, other than long-term debt | 1,404 | 1,527 | 1,750 | 1,317 | 379 | 590 | |||
| Other liabilities | 1,404 | 1,527 | 1,750 | 1,317 | 379 | 590 | |||
| Operating lease, liability | 184 | ✕ | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 6,616 | ||||||||
| Total noncurrent liabilities: | 29,680 | 37,122 | 24,779 | 20,702 | 17,340 | 28,913 | |||
| Total liabilities: | 83,809 | 79,592 | 65,072 | 38,018 | 36,762 | 59,574 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 39,155 | 31,240 | 25,376 | 14,429 | 13,864 | 8,688 | |||
| Common stock | 105 | 103 | 113 | 112 | |||||
| Treasury stock, value | (1,589) | (1,589) | (1,589) | (1,529) | |||||
| Additional paid in capital | 49,161 | 48,001 | 46,294 | 45,845 | |||||
| Accumulated deficit | (8,522) | (15,275) | (30,954) | (35,740) | |||||
| Other undisclosed equity, attributable to parent | 25,376 | 14,429 | |||||||
| Total equity: | 39,155 | 31,240 | 25,376 | 14,429 | 13,864 | 8,688 | |||
| TOTAL LIABILITIES AND EQUITY: | 122,964 | 110,832 | 90,448 | 52,447 | 50,626 | 68,262 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2021 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 182,714 | 156,981 | 116,922 | 96,455 | 127,010 | 126,999 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 96,455 | 127,010 | 126,999 | |
| Cost of revenue (Cost of Goods and Services Sold) | (158,594) | (135,337) | (102,765) | (85,198) | (106,723) | (110,704) | ||
| Gross profit: | 24,120 | 21,644 | 14,157 | 11,257 | 20,287 | 16,295 | ||
| Operating expenses | (13,986) | (14,076) | (11,438) | (10,197) | (14,026) | (13,139) | ||
| Other operating expense, net (Other Nonrecurring (Income) Expense) | (13) | (1,325) | ||||||
| Other undisclosed operating loss | (3,491) | |||||||
| Operating income (loss): | 10,134 | 7,568 | 2,719 | 1,060 | 6,248 | (1,660) | ||
| Interest and debt expense | (1,438) | (1,645) | (1,146) | (917) | (1,392) | (2,110) | ||
| Income (loss) from continuing operations before income taxes: | 8,696 | 5,923 | 1,573 | 143 | 4,856 | (3,770) | ||
| Income tax expense (benefit) | (1,943) | (1,176) | 8,837 | (62) | (70) | (1) | ||
| Income (loss) from continuing operations: | 6,753 | 4,747 | 10,410 | 81 | 4,786 | (3,771) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 6,753 | 4,747 | 10,410 | 81 | 4,786 | (3,771) | |
| Net income (loss): | 6,753 | 4,747 | 10,410 | 81 | 4,786 | (3,771) | ||
| Other undisclosed net loss attributable to parent | (6,415) | |||||||
| Net income (loss) attributable to parent: | 6,753 | 4,747 | 10,410 | 81 | 4,786 | (10,186) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (32) | (38) | (104) | ✕ | ✕ | |||
| Net income (loss) available to common stockholders, diluted: | 6,721 | 4,709 | 10,306 | 81 | 4,786 | (10,186) | ||
Comprehensive Income ($ in thousands)
| 6/30/2021 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 6,753 | 4,747 | 10,410 | 81 | 4,786 | (3,771) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 6,753 | 4,747 | 10,410 | 81 | 4,786 | (3,771) | ||
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.