Mesa Laboratories Inc. (MLAB) Financial Statements (2024 and earlier)

Company Profile

Business Address 12100 W 6TH AVE
LAKEWOOD, CO 80228
State of Incorp. CO
Fiscal Year End March 31
Industry (SIC) 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,21428,22435,61732,37632,91026,101
Cash and cash equivalents28,21428,22435,61732,37632,91026,101
Receivables39,05536,02336,34035,59542,55142,395
Inventory, net of allowances, customer advances and progress billings32,67535,97332,87935,55934,64233,739
Inventory32,67535,97332,87935,55934,64233,739
Prepaid expense1,2378,1763,5342,135 3,352
Deposits current assets1,8982,1431,5631,387 1,702
Other current assets3,3414,5454,2354,142 3,446
Other undisclosed current assets2,9323,2713,4943,6148,8723,450
Total current assets:109,352118,355117,662114,808118,975114,185
Noncurrent Assets
Property, plant and equipment31,76631,77528,57427,95328,14928,263
Intangible assets, net (including goodwill)293,848578,957480,948489,150503,259509,256
Goodwill180,096346,183283,268283,756286,444285,809
Intangible assets, net (excluding goodwill)113,752232,774197,680205,394216,815223,447
Deferred income tax assets1,2921,0921,0511,0771,076708
Other noncurrent assets10,53811,5908,9539,62310,37310,572
Total noncurrent assets:337,444623,414519,526527,803542,857548,799
TOTAL ASSETS:446,796741,769637,188642,611661,832662,984
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,89920,44617,14716,48519,51918,899
Accounts payable6,0414,5544,8105,5886,1346,288
Accrued liabilities12,85815,89212,33710,89713,38512,611
Deferred revenue15,47814,35714,31615,37214,40714,584
Debt      
Other undisclosed current liabilities9,9359,3808,3537,2699,4338,134
Total current liabilities:44,31244,18339,81639,12643,35941,617
Noncurrent Liabilities
Long-term debt and lease obligation171,198170,965170,733170,502170,272170,044
Long-term debt, excluding current maturities171,198170,965170,733170,502170,272170,044
Liabilities, other than long-term debt33,21461,66038,88040,26441,72145,118
Deferred income tax liabilities19,78044,34033,43733,50734,02836,946
Other liabilities6,82117,3205,4436,7577,6938,172
Operating lease, liability 6,613     
Other undisclosed noncurrent liabilities52,67962,000 5,00013,00019,000
Total noncurrent liabilities:257,091294,625209,613215,766224,993234,162
Total liabilities:301,403338,808249,429254,892268,352275,779
Equity
Equity, attributable to parent145,393402,961387,759387,719393,480387,205
Common stock343,642340,852337,869334,384332,076326,933
Accumulated other comprehensive loss(14,755)(9,844)(20,809)(19,456)(12,795)(14,172)
Retained earnings (accumulated deficit)(183,494)71,95370,69972,79174,19974,444
Total equity:145,393402,961387,759387,719393,480387,205
TOTAL LIABILITIES AND EQUITY:446,796741,769637,188642,611661,832662,984

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

6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
Revenues52,69853,47353,16550,64593,62454,287
Cost of revenue(19,940)(20,071)(21,056)(19,462)(33,909)(21,522)
Gross profit:32,75833,40232,10931,18359,71532,765
Operating expenses(307,636)(33,469)(32,169)(31,847)(61,207)(29,363)
Operating income (loss):(274,878)(67)(60)(664)(1,492)3,402
Nonoperating income (expense)(658)2,013(1,265)(273)(2,517)(1,486)
Other nonoperating income (expense)1,6493,869(360)775(394)(324)
Interest and debt expense (1,856)(905)(1,048)(2,123)(1,162)
Other undisclosed income from continuing operations before equity method investments, income taxes 3,390     
Income (loss) from continuing operations before equity method investments, income taxes:(272,146)90(2,230)(1,985)(6,132)754
Other undisclosed income (loss) from continuing operations before income taxes(3,390)1,8569051,0482,1231,162
Income (loss) from continuing operations before income taxes:(275,536)1,946(1,325)(937)(4,009)1,916
Income tax expense (benefit)20,971170953881,284(1,465)
Net income (loss) available to common stockholders, diluted:(254,565)2,116(1,230)(549)(2,725)451

Comprehensive Income ($ in thousands)

6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
Net income (loss):(254,565)2,116(1,230)(549)(2,725)451
Comprehensive income (loss):(254,565)2,116(1,230)(549)(2,725)451
Other undisclosed comprehensive income (loss), net of tax, attributable to parent15,87810,965(1,353)(6,661)(9,164)11,345
Comprehensive income (loss), net of tax, attributable to parent:(238,687)13,081(2,583)(7,210)(11,889)11,796

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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