Overland Storage Inc (OVRL) Financial Statements (2024 and earlier)

Company Profile

Business Address 9112 SPECTRUM CENTER BOULEVARD
SAN DIEGO, CA 92123
State of Incorp. CA
Fiscal Year End June 30
Industry (SIC) 3572 - Computer Storage Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2014
Q1
6/30/2014
Q4
3/31/2014
Q3
12/31/2013
Q2
9/30/2013
Q1
6/30/2013
Q4
3/31/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,0767,3439,6115,7998,83114,148
Cash and cash equivalents4,2622,4414,8943,9348,83114,148
Short-term investments7,8144,9024,7171,865  
Receivables14,17114,2986,3356,3666,6406,331
Inventory, net of allowances, customer advances and progress billings15,52516,04010,17110,02910,35410,832
Inventory15,52516,04010,17110,02910,35410,832
Prepaid expense  7489881,097  
Other current assets2,4192,6191,6951,846  
Prepaid expense and other current assets3,1155,179
Other undisclosed current assets (148)(988)(1,097)(1,192)(2,162)
Total current assets:44,19140,90027,81224,04027,74834,328
Noncurrent Assets
Property, plant and equipment5,7995,7852,2052,0392,0141,894
Intangible assets, net (including goodwill)42,82843,925823985652826
Goodwill19,04419,434    
Intangible assets, net (excluding goodwill)23,78424,491823985652826
Prepaid expense   456541  
Other noncurrent assets1,1211,178782814  
Prepaid expense and other noncurrent assets1,6912,481
Other undisclosed noncurrent assets   (456)(541)(702)(1,123)
Total noncurrent assets:49,74850,8883,8103,8383,6554,078
TOTAL ASSETS:93,93991,78831,62227,87831,40338,406
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities21,61819,43012,59311,29320,27423,071
Taxes payable118251202187178293
Employee-related liabilities3,5613,2361,5321,8172,1402,103
Accounts payable11,1599,7995,4674,5555,2215,811
Accrued liabilities6,7806,1445,3924,73412,73514,864
Debt 1,011   3,500
Other liabilities1,8742,0839519631,0482,945
Deferred revenue and credits7,9418,3377,1317,3927,5337,837
Deferred tax liabilities   986   
Other undisclosed current liabilities9941,121(1,338)(206)(7,791)(9,883)
Total current liabilities:32,42731,98220,32319,44221,06427,470
Noncurrent Liabilities
Long-term debt and lease obligation 14,5283,40011,02816,750  
Long-term debt, excluding current maturities 14,5283,40011,02816,750  
Liabilities, other than long-term debt4,78416,7274,0744,6447,6428,023
Deferred revenue and credits3,3713,6913,0553,3943,7573,948
Accounts payable and accrued liabilities      
Deferred tax liabilities, net  966    
Due to related parties 9,528    
Other liabilities1,4132,5421,0191,2503,8854,075
Other undisclosed noncurrent liabilities5,406(20,036)(15,009)(21,285)(7,517)(7,899)
Total noncurrent liabilities:24,7189193109125124
Other undisclosed liabilities  18,62314,51520,62520,51017,201
Total liabilities:57,14550,69634,93140,17641,69944,795
Equity
Equity, attributable to parent36,79441,092(3,309)(12,298)(10,296)(6,389)
Common stock187,434186,314136,169124,195123,065121,559
Accumulated other comprehensive income (loss)4,6542,6871,798467(991)(1,003)
Accumulated deficit(155,294)(147,909)(141,276)(136,960)(132,370)(126,945)
Total equity:36,79441,092(3,309)(12,298)(10,296)(6,389)
TOTAL LIABILITIES AND EQUITY:93,93991,78831,62227,87831,40338,406

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

9/30/2014
Q1
6/30/2014
Q4
3/31/2014
Q3
12/31/2013
Q2
9/30/2013
Q1
6/30/2013
Q4
3/31/2013
Q3
Revenues
(Revenue, Net)
24,21020,24010,63610,60612,06811,642
Cost of revenue
(Cost of Goods and Services Sold)
(17,702)(13,668)(6,970)(7,037)(7,660)(7,790)
Gross profit:6,5086,5723,6663,5694,4083,852
Operating expenses(15,001)(13,434)(8,165)(7,665)(9,370)(8,990)
Operating loss:(8,493)(6,862)(4,499)(4,096)(4,962)(5,138)
Nonoperating income (expense)(448)(24)(62)(161)(111)235
Other nonoperating income (expense) (24)(62)(161) 235
Interest and debt expense(336)(273)(269)(314)(327)(179)
Other undisclosed income from continuing operations before equity method investments, income taxes 353   22 
Loss from continuing operations before equity method investments, income taxes:(8,924)(7,159)(4,830)(4,571)(5,378)(5,082)
Other undisclosed income (loss) from continuing operations before income taxes    (3) 
Loss from continuing operations before income taxes:(8,924)(7,159)(4,830)(4,571)(5,381)(5,082)
Income tax expense (benefit)1,539526514(19)(44)(4)
Loss from continuing operations:(7,385)(6,633)(4,316)(4,590)(5,425)(5,086)
Loss before gain (loss) on sale of properties:(7,385)(6,633)(4,316)(4,590)(5,425)(5,086)
Net loss available to common stockholders, diluted:(7,385)(6,633)(4,316)(4,590)(5,425)(5,086)

Comprehensive Income ($ in thousands)

9/30/2014
Q1
6/30/2014
Q4
3/31/2014
Q3
12/31/2013
Q2
9/30/2013
Q1
6/30/2013
Q4
3/31/2013
Q3
Net loss:(7,385)(6,633)(4,316)(4,590)(5,425)(5,086)
Other comprehensive income (loss)1,9678891,331   
Comprehensive loss:(5,418)(5,744)(2,985)(4,590)(5,425)(5,086)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    1,45912(205)
Comprehensive loss, net of tax, attributable to parent:(5,418)(5,744)(2,985)(3,131)(5,413)(5,291)

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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