Imageware Systems Inc (IWSY) Financial Statements (2024 and earlier)

Company Profile

Business Address 11440 W. BERNARDO COURT
SAN DIEGO, CA 92127
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,2028,3451,0305,6947,3171,586
Cash and cash equivalents 1,2028,3451,0305,6947,3171,586
Receivables 383577657968458287
Inventory, net of allowances, customer advances and progress billings 2540615297923
Inventory 2540615297923
Other current assets 215196243233163135
Total current assets: 1,8259,1582,5456,9248,0172,031
Noncurrent Assets
Operating lease, right-of-use asset 8471,5571,906
Property, plant and equipment 791552162444393
Intangible assets, net (including goodwill) 2,8063,4743,4863,4983,5093,521
Goodwill 3,4163,4163,4163,4163,4163,416
Intangible assets, net (excluding goodwill) (610)58708293105
Other noncurrent assets 1494582573323534
Other undisclosed noncurrent assets 610    1
Total noncurrent assets: 4,4915,6445,8654,0743,5873,649
TOTAL ASSETS: 6,31614,8028,41010,99811,6045,680
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 2,6812,1471,8271,5661,6421,472
Interest and dividends payable 5110  527 
Taxes payable 81     
Employee-related liabilities 194     
Accounts payable 8371,007515678457425
Accrued liabilities 1,5181,1301,3128886581,047
Deferred revenue 1,2049031,629
Debt 524918373   
Derivative instruments and hedges, liabilities 5,29224,1283691,065  
Deferred revenue and credits1,0161,045
Due to related parties     5,774 
Other undisclosed current liabilities 170411 1,215 2,528
Total current liabilities: 9,87128,5074,1983,8468,4325,045
Noncurrent Liabilities
Long-term debt and lease obligation 8021,9501,716   
Long-term debt, excluding current maturities  653    
Liabilities, other than long-term debt 1,9762,5962,3742,0232,0241,895
Liability, pension and other postretirement and postemployment benefits 1,9762,5312,2561,8762,0241,895
Other liabilities  65118147  
Operating lease, liability 8021,2971,716
Total noncurrent liabilities: 2,7784,5464,0902,0232,0241,895
Total liabilities: 12,64933,0538,2885,86910,4566,940
Equity
Equity, attributable to parent, including: (15,092)(19,823)(8,762)(3,027)1,148(1,260)
Common stock 3,4711,8011,133981941917
Treasury stock, value (64)(64)(64)(64)(64)(64)
Additional paid in capital 187,148193,652195,079184,130172,414156,195
Accumulated other comprehensive loss (1,396)(1,989)(1,741)(1,428)(1,664)(1,543)
Accumulated deficit (204,253)(213,225)(203,171)(186,648)(170,481)(156,767)
Other undisclosed equity, attributable to parent 222222
Other undisclosed equity 8,7591,5728,8848,156  
Total equity: (6,333)(18,251)1225,1291,148(1,260)
TOTAL LIABILITIES AND EQUITY: 6,31614,8028,41010,99811,6045,680

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

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 3,4724,7853,5064,4044,2933,812
Revenue, net4,2933,812
Cost of revenue
(Cost of Goods and Services Sold)
  (14)(7)(8)(991)(1,070)
Other undisclosed gross profit (668)(1,234)(636)(868)  
Gross profit: 2,8043,5372,8633,5283,3022,742
Operating expenses (13,560)(12,816)(15,110)(15,258)(13,029)(12,204)
Operating loss: (10,756)(9,279)(12,247)(11,730)(9,727)(9,462)
Nonoperating income (expense) 74(264)(109)(95)71(202)
Gain (loss), foreign currency transaction, before tax  (151)(1)27(106)(1)
Debt instrument, convertible, beneficial conversion feature    30302 
Net periodic defined benefits expense (reversal of expense), excluding service cost component  (115)(109)(118)
Other nonoperating income (expense) 7421(34)(125)(201)
Interest and debt expense 1,581     
Loss from continuing operations before equity method investments, income taxes: (9,101)(9,543)(12,356)(11,825)(9,656)(9,664)
Other undisclosed income (loss) from continuing operations before income taxes 18,3932,297785(714)(537)158
Income (loss) from continuing operations before income taxes: 9,292(7,246)(11,571)(12,539)(10,193)(9,506)
Income tax expense (benefit) (10)(7)(10)(11)124(21)
Income (loss) from continuing operations: 9,282(7,253)(11,581)(12,550)(10,069)(9,527)
Income (loss) before gain (loss) on sale of properties:9,282(7,253)(11,581)(12,550)(10,069)(9,527)
Net income (loss) attributable to parent: 9,282(7,253)(11,581)(12,550)(10,069)(9,527)
Preferred stock dividends and other adjustments (8,116)(3,695)(5,670)(3,913)(2,400)(1,347)
Other undisclosed net loss available to common stockholders, basic     (1,245) 
Net income (loss) available to common stockholders, basic: 1,166(10,948)(17,251)(16,463)(13,714)(10,874)
Convertible preferred dividends     2,349 
Net income (loss) available to common stockholders, diluted: 1,166(10,948)(17,251)(16,463)(11,365)(10,874)

Comprehensive Income ($ in thousands)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 9,282(7,253)(11,581)(12,550)(10,069)(9,527)
Other comprehensive income 75     
Comprehensive income (loss): 9,357(7,253)(11,581)(12,550)(10,069)(9,527)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 518(248)(313)236(121)(348)
Comprehensive income (loss), net of tax, attributable to parent: 9,875(7,501)(11,894)(12,314)(10,190)(9,875)

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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