Ionix Technology, Inc. (IINX) financial statements (2021 and earlier)

Company profile

Business Address 4F, TEA TREE B BLDG, GUWU SANWEI IND PRK
SHENZHEN, GUANGDONG PROVINCE,, 518000
State of Incorp.
Fiscal Year End June 30
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
3/31/2019
Q3
12/31/2018
Q2
9/30/2018
Q1
6/30/2018
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5781,901510495825305111
Cash and cash equivalents1,5781,901510495825305111
Receivables5,2044,4383,7592,8653,317465636
Inventory, net of allowances, customer advances and progress billings3,0092,9213,3793,9653,416507227
Inventory3,0092,9213,3793,9653,416507227
Advances on inventory purchases9135912915916923
Other undisclosed current assets917576879616239298346
Total current assets:10,79810,1958,6568,1007,9651,5771,324
Noncurrent Assets
Operating lease, right-of-use asset23   
Property, plant and equipment7,2077,1407,5096,6446,633  
Intangible assets, net (including goodwill)1,4601,4321,4964,5384,516  
Intangible assets, net (excluding goodwill)1,4601,4321,4964,5384,516  
Other undisclosed noncurrent assets2515536058  
Total noncurrent assets:8,7158,5879,05811,24211,207  
Other undisclosed assets  2    
TOTAL ASSETS:19,51318,78217,71619,34219,1731,5771,324
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6243,5843,1013,7084,014216390
Accounts payable3,4173,2982,7323,4193,716110264
Accrued liabilities207286368288299105126
Deferred revenue104329114 
Debt2,7682,5882,6182,6822,623  
Derivative instruments and hedges, liabilities346154     
Due to related parties2,0872,0362,1052,7946,771350213
Other undisclosed current liabilities   22119434308
Total current liabilities:8,9298,6907,9389,20613,528999911
Noncurrent Liabilities
Long-term debt and lease obligation17      
Operating lease, liability17   
Liabilities, other than long-term debt      15
Deferred tax liabilities, net  15
Other undisclosed noncurrent liabilities     11 
Total noncurrent liabilities:17    1115
Total liabilities:8,9458,6907,9389,20613,5281,010926
Stockholders' equity
Stockholders' equity attributable to parent, including:10,1269,6509,33510,1045,645568398
Preferred stock1111111
Common stock11111111111010
Additional paid in capital8,9348,8508,8299,7075,236237237
Accumulated other comprehensive income (loss)(207)(463)(46)36(20)08
Retained earnings1,3871,251540348327320143
Other undisclosed stockholders' equity attributable to parent    91  
Stockholders' equity attributable to noncontrolling interest44244244232   
Other undisclosed stockholders' equity    (91)  
Total stockholders' equity:10,56810,0929,77710,1365,554568398
Other undisclosed liabilities and equity    91  
TOTAL LIABILITIES AND EQUITY:19,51318,78217,71619,34219,1731,5771,324

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

12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
3/31/2019
Q3
12/31/2018
Q2
9/30/2018
Q1
6/30/2018
Q4
Revenues7,3337,5004,9312,5972,2522,5694,235
Cost of revenue(6,271)(6,073)(3,893)(2,024)(1,956)(2,280)(3,744)
Cost of goods and services sold     (500) 
Gross profit:1,0621,4271,038573295289492
Operating expenses(781)(604)(732)(551)(233)(63)(81)
Other undisclosed operating income      16
Operating income:2818233062262226426
Nonoperating income (expense)(78)2(103)16   
Interest and debt expense(200)(57)(35)(34)   
Income from continuing operations before equity method investments, income taxes:3768168462226426
Other undisclosed income (loss) from continuing operations before income taxes200573534161(16)
Income from continuing operations before income taxes:2048252033879228411
Income tax expense(68)(114)(11)(17)(72)(50)(129)
Net income available to common stockholders, diluted:136711192217177282

Comprehensive Income ($ in thousands)

12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
3/31/2019
Q3
12/31/2018
Q2
9/30/2018
Q1
6/30/2018
Q4
Net income:136711192217177282
Comprehensive income:136711192217177282
Other undisclosed comprehensive income (loss), net of tax, attributable to parent256(417)(82)56(20)(8)(9)
Comprehensive income (loss), net of tax, attributable to parent:39129411078(13)169272

Statements sources

The financial statements are based on the company's filings with the 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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