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
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 investments8,17310,1023,2827,25327,26536,305
Cash and cash equivalents8,17310,1023,2827,25327,26536,305
Receivables11,06622,79024,75346,56542,19548,267
Inventory, net of allowances, customer advances and progress billings10,19710,59215,80218,55615,62117,519
Inventory10,19710,59215,80218,55615,62117,519
Prepaid expense  17,90717,28917,26216,612
Asset, held-for-sale, not part of disposal group  15,35212,592   
Other undisclosed current assets 18,35616,19434344351
Total current assets:47,79275,03074,37089,697102,386118,754
Noncurrent Assets
Operating lease, right-of-use asset3,1933,7114,2305,6976,0665,488
Property, plant and equipment5,0195,6865,9727,3517,3017,666
Intangible assets, net (including goodwill)    18,94319,22719,511
Goodwill    13,64113,64113,641
Intangible assets, net (excluding goodwill)    5,3025,5865,870
Disposal group, including discontinued operation, noncurrent assets  20,91320,791   
Other noncurrent assets2,9613,05920,1603,4073,3873,761
Total noncurrent assets:11,17333,36951,15335,39835,98136,426
TOTAL ASSETS:58,965108,399125,523125,095138,367155,180
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,08117,39316,95771,39446,83547,244
Interest and dividends payable10,6009,700
Taxes payable1,6971,938
Employee-related liabilities8,7248,937
Accounts payable11,08117,39316,95726,17325,81426,669
Accrued liabilities   45,221  
Deferred revenue2,4151,5471,9572,8923,5534,588
Debt31,706 45,49225943,258259
Other undisclosed current liabilities127,13459,102137,325124,126106,06520,748
Total current liabilities:172,33678,042201,731198,671199,71172,839
Noncurrent Liabilities
Long-term debt and lease obligation  47,749   80,064
Long-term debt, excluding current maturities  47,749   80,064
Liabilities, other than long-term debt, including:4,4099,5616,4087,2239,65116,042
Deferred revenue   600  
Other liabilities 4,4099,561    
Other undisclosed liabilities, other than long-term debt  6,4086,6239,65116,042
Other undisclosed noncurrent liabilities  102,82217,294  39,706
Total noncurrent liabilities:4,409160,13223,7027,2239,651135,812
Total liabilities:176,745238,174225,433205,894209,362208,651
Equity
Equity, attributable to parent(117,780)(129,775)(99,910)(80,799)(70,995)(53,471)
Common stock777777
Additional paid in capital778,054775,947772,205770,427768,918763,128
Accumulated deficit(895,841)(905,729)(872,122)(851,233)(839,920)(816,606)
Total equity:(117,780)(129,775)(99,910)(80,799)(70,995)(53,471)
TOTAL LIABILITIES AND EQUITY:58,965108,399125,523125,095138,367155,180

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
Revenues14,25932,12324,77341,65641,09446,945
Cost of revenue(9,028)(25,390)(14,426)(22,449)(24,758)(28,117)
Gross profit:5,2316,73310,34719,20716,33618,828
Operating expenses(16,122)(27,495)(27,987)(26,959)(33,094)(37,103)
Operating loss:(10,891)(20,762)(17,640)(7,752)(16,758)(18,275)
Interest and debt expense(9,944)(13,434)    
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(20,835)(34,196)(17,640)(7,752)(16,758)(18,275)
Other undisclosed income (loss) from continuing operations before income taxes30,666435(3,331)(3,706)(6,393)(2,854)
Income (loss) from continuing operations before income taxes:9,831(33,761)(20,971)(11,458)(23,151)(21,129)
Income tax expense (benefit)5715482145(163)112
Income (loss) from continuing operations:9,888(33,607)(20,889)(11,313)(23,314)(21,017)
Loss before gain (loss) on sale of properties:(23,314)(21,017)
Net income (loss) available to common stockholders, diluted:9,888(33,607)(20,889)(11,313)(23,314)(21,017)

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 income (loss):9,888(33,607)(20,889)(11,313)(23,314)(21,017)
Comprehensive income (loss), net of tax, attributable to parent:9,888(33,607)(20,889)(11,313)(23,314)(21,017)

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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