Rocky Mountain Chocolate Factory, Inc. (RMCF) Financial Statements (2024 and earlier)

Company Profile

Business Address 265 TURNER DRIVE
DURANGO, CO 80202
State of Incorp. DE
Fiscal Year End February 28
Industry (SIC) 206 - Sugar And Confectionery Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

11/30/2023
MRQ
2/28/2023
2/28/2022
2/28/2021
2/29/2020
2/28/2019
2/28/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,7177,5875,6334,8225,3846,073
Cash and cash equivalents4,7177,5875,6334,8225,3846,073
Receivables2,4242,7132,8674,6294,2944,346
Inventory, net of allowances, customer advances and progress billings3,6404,3544,0633,7514,2704,842
Inventory3,6404,3544,0633,7514,2704,842
Disposal group, including discontinued operation 83     
Other current assets341343214410318310
Total current assets:11,20514,99812,77713,61214,26615,571
Noncurrent Assets
Operating lease, right-of-use asset2,3561,7711,9262,699
Property, plant and equipment5,7115,5005,1525,9385,786 
Long-term investments and receivables94 43290282236
Accounts and financing receivable, after allowance for credit loss94 43290282236
Intangible assets, net (including goodwill)8422,8083,2494,0951,5451,634
Goodwill5767307301,0471,0471,047
Intangible assets, net (excluding goodwill)2662,0782,5203,048498587
Disposal group, including discontinued operation, noncurrent assets 1,766     
Deferred income tax assets  1,3881,145630
Other noncurrent assets1462264565763
Deferred tax assets, net607835
Other undisclosed noncurrent assets  3543964983,6794,434
Total noncurrent assets:10,78211,88312,17414,20611,9567,203
Other undisclosed assets      6,166
TOTAL ASSETS:21,98726,88124,95127,81726,22228,941
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3316,0702,2863,9972,5616,383
Interest and dividends payable  722715709
Employee-related liabilities2,125735717656644
Accounts payable2,1901,5801,2972,2428971,648
Accrued liabilities1,1412,3652533172933,382
Deferred revenue161196195196
Debt    1,1761,353
Disposal group, including discontinued operation 179     
Contract with customer, liability256
Other undisclosed current liabilities1,339(955)1,3001,414742472
Total current liabilities:5,0105,3123,7805,6074,7368,208
Noncurrent Liabilities
Long-term debt and lease obligation  1,2181,2781,895 1,176
Long-term debt, excluding current maturities      1,176
Liabilities, other than long-term debt2,6069519259601,096 
Deferred revenue782951925960
Contract with customer, liability1,096
Disposal group, including discontinued operation, liabilities 184     
Operating lease, liability1,6401,2181,2781,895
Total noncurrent liabilities:2,6062,1692,2032,8551,0961,176
Total liabilities:7,6177,4815,9848,4625,8329,384
Equity
Equity, attributable to parent14,37019,40018,96819,35620,39019,557
Common stock666666
Additional paid in capital9,4588,8077,9727,4606,6516,131
Retained earnings4,90610,58710,99011,89013,73313,420
Total equity:14,37019,40018,96819,35620,39019,557
TOTAL LIABILITIES AND EQUITY:21,98726,88124,95127,81726,22228,941

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

11/30/2023
TTM
2/28/2023
2/28/2022
2/28/2021
2/29/2020
2/28/2019
2/28/2018
Revenues30,43232,34323,48131,85034,54538,075
Cost of revenue(20,455)(19,168)(16,119)(18,215)(20,600)(21,177)
Other undisclosed gross profit(5,975)(7,115)(4,301)(7,131)(6,982)(7,907)
Gross profit:4,0026,0603,0616,5046,9648,991
Operating expenses(12,505)(9,748)(7,682)(8,778)(7,057)(7,459)
Other undisclosed operating income3,6123,2041,1473,6663,0983,688
Operating income (loss):(4,891)(484)(3,474)1,3923,0065,221
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
161781,68211(50)(97)
Interest and debt expense(10) 1,549(19)(71)(121)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (1,549)1971121
Income (loss) from continuing operations before equity method investments, income taxes:(4,885)(306)(1,792)1,4022,9565,124
Other undisclosed income from continuing operations before income taxes10     
Income (loss) from continuing operations before income taxes:(4,875)(306)(1,792)1,4022,9565,124
Income tax expense (benefit)(614)(35)892(369)(717)(2,160)
Income (loss) from continuing operations:(5,488)(342)(900)1,0342,2392,964
Income (loss) before gain (loss) on sale of properties:(342)(900)1,0342,2392,964
Loss from discontinued operations (192)     
Other undisclosed net loss      
Net income (loss):(5,681)(342)(900)1,0342,2392,964
Other undisclosed net income attributable to parent      
Net income (loss) available to common stockholders, diluted:(5,681)(342)(900)1,0342,2392,964

Comprehensive Income ($ in thousands)

11/30/2023
TTM
2/28/2023
2/28/2022
2/28/2021
2/29/2020
2/28/2019
2/28/2018
Net income (loss):(5,681)(342)(900)1,0342,2392,964
Comprehensive income (loss), net of tax, attributable to parent:(5,681)(342)(900)1,0342,2392,964

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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