ShiftPixy Inc. (PIXY) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
4101 NW 25TH ST. MIAMI, FL 33142 |
| State of Incorp. | WY |
| Fiscal Year End | August 31 |
| Industry (SIC) | 7361 - Employment Agencies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 5/31/2024 MRQ | 11/30/2023 MRQ | 8/31/2023 | 8/31/2022 | 8/31/2021 | 8/31/2020 | 8/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,500 | 100 | 117,587 | 1,199 | 4,303 | 1,561 | |||
| Cash and cash equivalents | 1,500 | 100 | 618 | 1,199 | 4,303 | 1,561 | |||
| Short-term investments | 116,969 | ||||||||
| Receivables | 590 | 279 | 498 | 308 | 272 | ||||
| Prepaid expense | 636 | 839 | 696 | 605 | 723 | 519 | |||
| Deferred rent asset | 168 | 15 | |||||||
| Disposal group, including discontinued operation | 356 | 1,030 | |||||||
| Other current assets | 532 | 532 | 187 | 126 | 73 | 244 | |||
| Other undisclosed current assets | 2,066 | 1,759 | 2,105 | 2,728 | 2,596 | 11,420 | |||
| Total current assets: | 4,734 | 3,820 | 120,854 | 5,680 | 9,033 | 14,031 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 779 | ||||||||
| Operating lease, right-of-use asset | 866 | 4,076 | |||||||
| Property, plant and equipment | 1,469 | 1,622 | 2,769 | 2,784 | 575 | 3,737 | |||
| Long-term investments and receivables | 4,004 | 4,045 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 4,004 | 4,045 | |||||||
| Intangible assets, net (including goodwill) | 3,360 | ||||||||
| Intangible assets, net (excluding goodwill) | 3,360 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 883 | 2,582 | |||||||
| Other noncurrent assets | 192 | 192 | 919 | 944 | 449 | 124 | |||
| Other undisclosed noncurrent assets | 48,647 | 736 | 2,544 | ||||||
| Total noncurrent assets: | 2,440 | 2,680 | 7,764 | 57,262 | 8,387 | 9,765 | |||
| TOTAL ASSETS: | 7,174 | 6,500 | 128,618 | 62,942 | 17,420 | 23,796 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 3,724 | 3,500 | 16,054 | 12,634 | 5,752 | 19,473 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 4,758 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 7,876 | 5,752 | 16,412 | ||
| Accounts payable | 6,500 | 3,061 | |||||||
| Accrued liabilities | 3,724 | 3,900 | 16,054 | ||||||
| Other undisclosed accounts payable and accrued liabilities | (6,900) | ||||||||
| Debt | 3,351 | ||||||||
| Derivative instruments and hedges, liabilities | 3,756 | ||||||||
| Disposal group, including discontinued operation | 4,389 | 1,362 | 1,516 | 1,746 | |||||
| Other liabilities | 32,187 | ||||||||
| Other undisclosed current liabilities | 55,374 | 46,946 | 134,659 | 2,458 | 4,328 | (28,880) | |||
| Total current liabilities: | 59,098 | 54,835 | 152,075 | 16,608 | 11,826 | 29,887 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 2,558 | 2,790 | 8,037 | 5,411 | 4,377 | 4,379 | |||
| Accounts payable and accrued liabilities | 1,227 | 1,646 | 4,379 | ||||||
| Disposal group, including discontinued operation, liabilities | 3,269 | 3,765 | 4,377 | ||||||
| Operating lease, liability | 2,558 | 2,790 | 3,541 | ||||||
| Other undisclosed noncurrent liabilities | 1,247 | 2,300 | |||||||
| Total noncurrent liabilities: | 2,558 | 2,790 | 8,037 | 5,411 | 5,624 | 6,679 | |||
| Total liabilities: | 61,656 | 57,625 | 160,112 | 22,019 | 17,450 | 36,566 | |||
| Temporary equity, carrying amount | 116,969 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (54,482) | (51,125) | (40,988) | (6,549) | (30) | (12,770) | |||
| Preferred stock | 1 | ||||||||
| Common stock | 5 | 3 | 1 | 4 | |||||
| Additional paid in capital | 177,417 | 175,226 | 151,731 | 142,786 | 119,431 | 32,501 | |||
| Accumulated deficit | (231,899) | (226,351) | (192,725) | (149,338) | (119,462) | (44,950) | |||
| Other undisclosed equity, attributable to parent | (325) | ||||||||
| Equity, attributable to noncontrolling interest | 9,494 | 47,472 | |||||||
| Total equity: | (54,482) | (51,125) | (31,494) | 40,923 | (30) | (12,770) | |||
| Other undisclosed liabilities and equity | (116,969) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 7,174 | 6,500 | 128,618 | 62,942 | 17,420 | 23,796 | |||
Income Statement (P&L) ($ in thousands)
| 5/31/2024 TTM | 11/30/2023 TTM | 8/31/2023 | 8/31/2022 | 8/31/2021 | 8/31/2020 | 8/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15,634 | 17,100 | 36,002 | 23,420 | 8,642 | 53,436 | ||
| Cost of revenue | (14,835) | (16,251) | (34,227) | (23,098) | (7,685) | (41,046) | ||
| Cost of goods and services sold | (11,511) | (16,251) | (34,227) | |||||
| Deferred sales inducement cost, amortization expense | (2,210) | (5,607) | ||||||
| Other undisclosed gross profit | 3 | 29 | ||||||
| Gross profit: | 802 | 878 | 1,775 | 322 | 957 | 12,390 | ||
| Operating expenses | (37,890) | (34,835) | (45,018) | (27,667) | (22,535) | (22,063) | ||
| Operating loss: | (37,088) | (33,957) | (43,243) | (27,345) | (21,578) | (9,673) | ||
| Nonoperating income (expense) | 2,908 | 102 | (200) | 20 | (68,890) | (9,054) | ||
| Investment income, nonoperating | (540) | (540) | ||||||
| Debt instrument, convertible, beneficial conversion feature | 1,479 | |||||||
| Other nonoperating income (expense) | 3,448 | 642 | (200) | 25 | (68,890) | 10,800 | ||
| Interest and debt expense | 31 | (187) | (1) | (5) | (4,117) | 4,580 | ||
| Loss from continuing operations before equity method investments, income taxes: | (34,149) | (34,042) | (43,444) | (27,330) | (94,585) | (14,147) | ||
| Other undisclosed income from continuing operations before income taxes | 1 | 5 | ||||||
| Loss from continuing operations before income taxes: | (34,149) | (34,042) | (43,443) | (27,325) | (94,585) | (14,147) | ||
| Income tax expense (benefit) | (13) | 38 | (42) | (5,159) | ||||
| Other undisclosed loss from continuing operations | (13) | |||||||
| Loss from continuing operations: | (34,162) | (34,055) | (43,405) | (27,367) | (94,585) | (19,306) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (27,367) | (94,585) | (19,306) | |
| Income from discontinued operations | 242 | |||||||
| Other undisclosed net income (loss) | 411 | 187 | (590) | (2,509) | 19,238 | 579 | ||
| Net loss: | (33,751) | (33,626) | (43,995) | (29,876) | (75,347) | (18,727) | ||
| Other undisclosed net income attributable to parent | 540 | 540 | ||||||
| Net loss attributable to parent: | (33,211) | (33,086) | (43,995) | (29,876) | (75,347) | (18,727) | ||
| Preferred stock dividends and other adjustments | (67,444) | (127,145) | ||||||
| Other undisclosed net loss available to common stockholders, basic | (540) | (540) | (15,703) | |||||
| Net loss available to common stockholders, diluted: | (101,195) | (160,771) | (59,698) | (29,876) | (75,347) | (18,727) | ||
Comprehensive Income ($ in thousands)
| 5/31/2024 TTM | 11/30/2023 TTM | 8/31/2023 | 8/31/2022 | 8/31/2021 | 8/31/2020 | 8/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (33,751) | (33,626) | (43,995) | (29,876) | (75,347) | (18,727) | ||
| Comprehensive loss, net of tax, attributable to parent: | (33,751) | (33,626) | (43,995) | (29,876) | (75,347) | (18,727) | ||
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.