Airspan Networks Holdings Inc. (MIMOQ) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
777 YAMATO DRIVE BOCA RATON, FL 33431 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 7,253 | 62,937 | 1,184 | |||
| Cash and cash equivalents | 7,253 | 62,937 | 1,184 | |||
| Receivables | 46,565 | 57,980 | ||||
| Inventory, net of allowances, customer advances and progress billings | 18,556 | 17,217 | ||||
| Inventory | 18,556 | 17,217 | ||||
| Prepaid expense | 17,289 | 18,833 | 315 | |||
| Other undisclosed current assets | 34 | 185 | ||||
| Total current assets: | 89,697 | 157,152 | 1,499 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 5,697 | 6,585 | ||||
| Property, plant and equipment | 7,351 | 7,741 | ||||
| Intangible assets, net (including goodwill) | 18,943 | 20,079 | ||||
| Goodwill | 13,641 | 13,641 | ||||
| Intangible assets, net (excluding goodwill) | 5,302 | 6,438 | ||||
| Asset, held-in-trust | 116,150 | |||||
| Other noncurrent assets | 3,407 | 3,942 | ||||
| Other undisclosed noncurrent assets | 12 | |||||
| Total noncurrent assets: | 35,398 | 38,347 | 116,162 | |||
| TOTAL ASSETS: | 125,095 | 195,499 | 117,662 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 71,394 | 77,700 | 96 | |||
| Interest and dividends payable | ✕ | ✕ | 8,000 | |||
| Taxes payable | ✕ | ✕ | 1,611 | |||
| Employee-related liabilities | ✕ | ✕ | 7,258 | |||
| Accounts payable | 26,173 | 29,709 | 96 | |||
| Accrued liabilities | 45,221 | 31,122 | ||||
| Deferred revenue | 2,892 | 2,902 | ||||
| Debt | 259 | 275 | ||||
| Other undisclosed current liabilities | 124,126 | (7,260) | ||||
| Total current liabilities: | 198,671 | 73,617 | 96 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 79,219 | |||||
| Long-term debt, excluding current maturities | 79,219 | |||||
| Liabilities, other than long-term debt, including: | 7,223 | 20,924 | ||||
| Deferred revenue | 600 | 600 | ||||
| Other undisclosed liabilities, other than long-term debt | 6,623 | 20,324 | ||||
| Other undisclosed noncurrent liabilities | 37,991 | 16,397 | ||||
| Total noncurrent liabilities: | 7,223 | 138,134 | 16,397 | |||
| Total liabilities: | 205,894 | 211,751 | 16,493 | |||
| Equity | ||||||
| Equity, attributable to parent | (80,799) | (16,252) | 5,000 | |||
| Common stock | 7 | 7 | 1 | |||
| Additional paid in capital | 770,427 | 749,592 | 907 | |||
| Retained earnings (accumulated deficit) | (851,233) | (765,851) | 4,092 | |||
| Other undisclosed equity | 96,169 | |||||
| Total equity: | (80,799) | (16,252) | 101,169 | |||
| TOTAL LIABILITIES AND EQUITY: | 125,095 | 195,499 | 117,662 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Revenues | 167,259 | 177,283 | |||
| Revenue from related parties | ✕ | 38,400 | |||
| Cost of revenue | (100,819) | (99,312) | |||
| Gross profit: | 66,440 | 77,971 | |||
| Operating expenses | (134,449) | (139,258) | |||
| Operating loss: | (68,009) | (61,287) | |||
| Nonoperating income (Investment Income, Nonoperating) | |||||
| Interest and debt expense | 2,096 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (68,009) | (59,191) | |||
| Other undisclosed loss from continuing operations before income taxes | (17,570) | (12,025) | |||
| Loss from continuing operations before income taxes: | (85,579) | (71,216) | |||
| Income tax benefit | 197 | 690 | |||
| Loss from continuing operations: | (85,382) | (70,526) | |||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (70,526) | ✕ | |
| Net loss available to common stockholders, diluted: | (85,382) | (70,526) | |||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Net loss: | (85,382) | (70,526) | |||
| Comprehensive loss, net of tax, attributable to parent: | (85,382) | (70,526) | |||
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.