SCI Engineered Materials, Inc. (SCIA) Financial Statements (2023 and earlier)

Company Profile

Business Address 2839 CHARTER STREET
COLUMBUS, OH 43228
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 362 - Electrical Industrial Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments989 2,9181,8281,803921
Cash and cash equivalents  2,9181,8281,803921
Short-term investments989     
Receivables843425459346478336
Inventory, net of allowances, customer advances and progress billings2,1781,0731,1802,7492,753617
Inventory2,1781,0731,1802,7492,753617
Prepaid expense136678131105613138
Other current assets    20 
Other undisclosed current assets4,0014,247    
Total current assets:8,1476,4244,6895,0315,6472,012
Noncurrent Assets
Operating lease, right-of-use asset185274357434✕✕
Property, plant and equipment2,2622,1571,8881,9521,9231,885
Long-term investments and receivables1,000     
Long-term investments1,000     
Deferred income tax assets 1516641,019 ✕✕
Other undisclosed noncurrent assets859097877652
Total noncurrent assets:3,6833,1843,3612,4741,9991,937
TOTAL ASSETS:11,8309,6088,0507,5057,6463,950
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities785476262371533391
Employee-related liabilities✕✕22511511721183
Accounts payable515250147254321307
Accrued liabilities270     
Deferred revenue1,8261,7251,0102,409✕✕
Debt9797413179115351
Customer advances and deposits✕✕✕✕✕✕408
Contract with customer, liability✕✕✕✕✕3,202✕
Other undisclosed current liabilities22822019280125139
Total current liabilities:2,9352,5171,8783,0393,9751,288
Noncurrent Liabilities
Long-term debt and lease obligation 49352621517148182
Long-term debt, excluding current maturities   73   
Capital lease obligations✕✕✕✕✕148182
Finance lease, liability 49147243125✕✕
Liabilities, other than long-term debt100     
Deferred income tax liabilities    ✕✕
Operating lease, liability100206305392✕✕
Other undisclosed noncurrent liabilities  (206)(305)   
Total noncurrent liabilities:149352621517148182
Total liabilities:3,0842,8692,4993,5564,1231,470
Equity
Equity, attributable to parent8,7466,7395,5513,9493,5232,480
Preferred stock   514514514514
Common stock10,61810,57410,53110,41110,27610,131
Additional paid in capital2,2322,2272,2472,2662,2802,289
Accumulated deficit(4,105)(6,062)(7,740)(9,242)(9,548)(10,455)
Total equity:8,7466,7395,5513,9493,5232,480
TOTAL LIABILITIES AND EQUITY:11,8309,6088,0507,5057,6463,950

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues23,46713,44810,89612,95011,3626,801
Revenue, net✕✕✕✕✕✕6,801
Cost of revenue
(Cost of Goods and Services Sold)		(18,680)(9,919)(8,698)(10,742)(8,457)(5,224)
Gross profit:4,7873,5292,1982,2092,9051,578
Operating expenses(2,307)(1,751)(1,682)(1,878)(1,970)(1,528)
Operating income:2,4801,77851633193549
Interest and debt expense  325  (1)(9)
Income from continuing operations before equity method investments, income taxes:2,4802,10351633193440
Other undisclosed income (loss) from continuing operations before income taxes19(32)(32)(22)(9)(32)
Income from continuing operations before income taxes:2,4992,0714843089268
Income tax expense (benefit)(542)(392)1,018(3)(18)(2)
Income from continuing operations:1,9571,6791,5023059086
Income before gain (loss) on sale of properties:✕✕1,6791,5023059086
Net income attributable to parent:1,9571,6791,5023059086
Preferred stock dividends and other adjustments  (24)(24)(24)(24)(24)
Net income (loss) available to common stockholders, diluted:1,9571,6551,478281884(18)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,9571,6791,5023059086
Comprehensive income, net of tax, attributable to parent:1,9571,6791,5023059086

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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