Rubicon Technology, Inc. (RBCN) Financial Statements (2024 and earlier)

Company Profile

Business Address 900 EAST GREEN STREET
BENSENVILLE, IL 60106
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26,01125,87824,16725,59717,99517,672
Cash and cash equivalents11,26011,1308,70911,24111,54417,672
Short-term investments 14,75114,74815,45814,3566,451 
Restricted cash and investments  171169181163
Receivables7193861,0537337182,585
Inventory, net of allowances, customer advances and progress billings6581,0731,7102,1303,0308,000
Inventory6581,0731,7102,1303,0308,000
Disposal group, including discontinued operation6     
Asset, held-for-sale, not part of disposal group 5295293,9574,14511,20214,761
Other undisclosed current assets2944246282921,1072,568
Total current assets:28,21728,29031,68633,06634,23345,749
Noncurrent Assets
Inventory, Noncurrent468468468   
Nontrade receivables      
Property, plant and equipment2,3012,4822,6472,7288157,110
Other noncurrent assets      154
Total noncurrent assets:2,7692,9503,1152,7288157,264
TOTAL ASSETS:30,98631,24034,80135,79435,04853,013
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5961,2871,5441,1631,6561,939
Taxes payable405378410382543809
Employee-related liabilities4262115328101182
Accounts payable545497733400582948
Accrued liabilities220201348353430 
Deferred revenue218 
Debt      
Customer advances and deposits59 
Other liabilities      602
Other undisclosed current liabilities   1231 23
Total current liabilities:1,5981,3051,5561,1941,7152,564
Noncurrent Liabilities
Long-term debt and lease obligation      
Long-term debt, excluding current maturities      
Total noncurrent liabilities:      
Total liabilities:1,5981,3051,5561,1941,7152,564
Equity
Equity, attributable to parent29,38829,93533,24534,60033,33350,449
Common stock292929292929
Treasury stock, value(15,147)(15,147)(12,749)(12,213)(12,148)(12,148)
Additional paid in capital376,640376,456376,306375,979375,611374,903
Accumulated other comprehensive loss (1) (1)(2)(3)(30)
Accumulated deficit(332,133)(331,403)(330,340)(329,193)(330,156)(312,305)
Total equity:29,38829,93533,24534,60033,33350,449
TOTAL LIABILITIES AND EQUITY:30,98631,24034,80135,79435,04853,013

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

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues4,0614,4673,5263,8785,04419,630
Revenue, net5,04419,630
Revenue from related parties 4,061   
Cost of revenue(2,798)(3,226)(2,444)(3,862)(4,700)(45,638)
Cost of goods and services sold(2,798)(3,226)(2,444)(355)(1,400)(45,638)
Other undisclosed gross profit     (5,852) 
Gross profit:1,2631,2411,08216(5,508)(26,008)
Operating expenses(2,529)(711)(2,332)619(12,416)(36,709)
Other undisclosed operating income      
Operating income (loss):(1,266)530(1,250)635(17,924)(62,717)
Nonoperating income (expense)5(1,580)125352161(385)
Investment income, nonoperating510846036111673
Gain (loss), foreign currency transaction, before tax  1361(9)45(359)
Interest and debt expense(30)    (99)
Other undisclosed income from continuing operations before equity method investments, income taxes 561     
Income (loss) from continuing operations before equity method investments, income taxes:(730)(1,050)(1,125)987(17,763)(63,201)
Loss from equity method investments  (1,824)    
Other undisclosed income from continuing operations before income taxes2711,824   99
Income (loss) from continuing operations before income taxes:(459)(1,050)(1,125)987(17,763)(63,102)
Income tax expense (benefit)  (13)(22)(24)(88)223
Income (loss) from continuing operations:(459)(1,063)(1,147)963(17,851)(62,879)
Income (loss) before gain (loss) on sale of properties:(730)(1,063)(1,147)963(17,851)(62,879)
Income (loss) from discontinued operations(271)     
Net income (loss) available to common stockholders, diluted:(730)(1,063)(1,147)963(17,851)(62,879)

Comprehensive Income ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(730)(1,063)(1,147)963(17,851)(62,879)
Other comprehensive income     3
Other undisclosed comprehensive income (loss) (1)1    
Comprehensive income (loss):(731)(1,062)(1,147)963(17,851)(62,876)
Other undisclosed comprehensive income, net of tax, attributable to parent   1127 
Comprehensive income (loss), net of tax, attributable to parent:(731)(1,062)(1,146)964(17,824)(62,876)

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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