iSun Inc. (ISUN) Financial Statements (2025 and earlier)

Company Profile

Business Address 400 AVE D
WILLISTON, VT 05495
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,6006,1057,1955,4553,8061,296
Cash and cash equivalents5,6006,1057,1955,4553,8061,296
Receivables13,12711,2389,8168,78311,7559,777
Inventory, net of allowances, customer advances and progress billings1,5692,1192,7482,5363,4625,458
Inventory1,5692,1192,7482,5363,4625,458
Contract with customer, asset, after allowance for credit loss 7,8325,8797,3243,6533,132
Other current assets1,6981,5771,7871,6251,0641,312
Other undisclosed current assets 11,485537    
Total current assets:33,47929,40827,42525,72323,74020,975
Noncurrent Assets
Operating lease, right-of-use asset6,4796,6386,7966,960  
Property, plant and equipment8,2978,1088,1488,4408,7969,084
Long-term investments and receivables12,64912,29012,29012,29012,39012,490
Long-term investments12,64912,29012,29012,29012,39012,490
Intangible assets, net (including goodwill)12,83913,23813,63814,03852,15053,354
Goodwill     36,90736,907
Intangible assets, net (excluding goodwill)12,83913,23813,63814,03815,24316,447
Other noncurrent assets303030304848
Total noncurrent assets:40,29440,30440,90241,75873,38474,976
TOTAL ASSETS:73,77369,71268,32767,48197,12495,951
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities25,46020,61819,14518,80916,70316,969
Accounts payable20,78316,98614,94312,9418,9809,644
Accrued liabilities4,6773,6324,2025,8687,7237,325
Deferred revenue6,4398,0207,3475,4196,1433,464
Debt8,5445,1526,3215,374565571
Deferred compensation liability 81523313131
Other undisclosed current liabilities5986015915885,6464,754
Total current liabilities:41,04934,40633,42730,22129,08825,789
Noncurrent Liabilities
Long-term debt and lease obligation8835,5086,7528,2262,1002,157
Long-term debt, excluding current maturities8835,5086,7528,2262,1002,157
Liabilities, other than long-term debt8,8879,2379,5739,7372,3742,374
Deferred compensation liability, classified     614
Other liabilities2,4482,8323,0103,0262,3182,303
Operating lease, liability6,2616,4056,5596,711  
Derivative instruments and hedges, liabilities178 4 5057
Other undisclosed noncurrent liabilities   10  
Total noncurrent liabilities:9,77014,74516,32517,9734,4744,531
Total liabilities:50,81949,15149,75248,19433,56230,320
Equity
Equity, attributable to parent22,95420,56118,57519,28763,56265,631
Common stock322221
Additional paid in capital85,49280,85276,35574,07078,08675,222
Accumulated deficit(62,541)(60,293)(57,782)(54,785)(14,526)(9,592)
Total equity:22,95420,56118,57519,28763,56265,631
TOTAL LIABILITIES AND EQUITY:73,77369,71268,32767,48197,12495,951

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues27,90925,00617,35925,85619,03416,476
Cost of revenue
(Cost of Goods and Services Sold)
(22,481)(19,069)(13,810)(20,424)(15,417)(12,723)
Gross profit:5,4285,9373,5495,4323,6173,753
Operating expenses(7,206)(7,689)(6,203)(44,663)(8,474)(9,368)
Operating loss:(1,778)(1,752)(2,654)(39,231)(4,857)(5,615)
Nonoperating income (expense)(470)(747)6(464)728
Investment income, nonoperating  6 728
Other nonoperating income (expense)(470)(747)    
Interest and debt expense(292)(448)(349)(551)(84)(87)
Loss from continuing operations before equity method investments, income taxes:(2,540)(2,947)(2,997)(40,246)(4,934)(5,674)
Other undisclosed income (loss) from continuing operations before income taxes292448    
Loss from continuing operations before income taxes:(2,248)(2,499)(2,997)(40,246)(4,934)(5,674)
Income tax expense (12) (13) (7)
Loss from continuing operations:(2,248)(2,511)(2,997)(40,259)(4,934)(5,681)
Loss before gain (loss) on sale of properties:(4,934)(5,681)
Net loss available to common stockholders, diluted:(2,248)(2,511)(2,997)(40,259)(4,934)(5,681)

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net loss:(2,248)(2,511)(2,997)(40,259)(4,934)(5,681)
Comprehensive loss, net of tax, attributable to parent:(2,248)(2,511)(2,997)(40,259)(4,934)(5,681)

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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