Slinger Bag Inc. (SLBG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2709 N ROLLING RD NEW WINDSOR, DE 21244 |
| State of Incorp. | DE |
| Fiscal Year End | April 30 |
| Industry (SIC) | 3949 - Sporting and Athletic Goods, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 1/31/2024 MRQ | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 202 | 1,424 | 929 | 80 | 2 | 21 | |||
| Cash and cash equivalents | 202 | 1,424 | 929 | 80 | 2 | 21 | |||
| Restricted cash and investments | 157 | ||||||||
| Receivables | 400 | 1,322 | 762 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 3,190 | 8,185 | 3,693 | 920 | |||||
| Inventory | 3,190 | 8,185 | 3,693 | 920 | |||||
| Prepaid expense | 1 | 1 | |||||||
| Derivative instruments and hedges, assets | 236 | ||||||||
| Other undisclosed current assets | 1,200 | 1,502 | 200 | 382 | |||||
| Total current assets: | 4,992 | 12,826 | 5,585 | 1,381 | 3 | 21 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 15 | 174 | (1) | 2 | |||||
| Intangible assets, net (including goodwill), including: | 101 | 56,960 | 113 | 2 | |||||
| Goodwill | 32,643 | ||||||||
| Intangible assets, net (excluding goodwill) | 101 | 24,317 | 2 | ||||||
| Other undisclosed intangible assets, net (including goodwill) | 113 | ||||||||
| Derivative instruments and hedges | 209 | ||||||||
| Other noncurrent assets | 3 | ||||||||
| Other undisclosed noncurrent assets | 2,000 | 4,694 | 2 | ||||||
| Total noncurrent assets: | 2,116 | 62,037 | 113 | 2 | 5 | ||||
| TOTAL ASSETS: | 7,108 | 74,863 | 5,698 | 1,381 | 5 | 27 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 10,408 | 12,067 | 2,031 | 989 | 11 | ||||
| Interest and dividends payable | ✕ | ✕ | 748 | 139 | |||||
| Employee-related liabilities | ✕ | ✕ | 1,283 | 10 | |||||
| Accounts payable | 5,497 | 6,465 | 1 | ||||||
| Accrued liabilities | 4,912 | 5,602 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 850 | ||||||||
| Deferred revenue | 2,657 | 100 | ✕ | ✕ | |||||
| Debt | 4,639 | 253 | 82 | ||||||
| Derivative instruments and hedges, liabilities | 10,490 | 5,444 | 13,813 | 620 | |||||
| Business combination, contingent consideration, liability | 418 | 1,334 | |||||||
| Other liabilities | 23 | 157 | |||||||
| Due to related parties | ✕ | 909 | 6,143 | 377 | |||||
| Other undisclosed current liabilities | 2,428 | 11,774 | 1,798 | 2,418 | |||||
| Total current liabilities: | 23,767 | 38,981 | 24,138 | 4,487 | 11 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 10 | 394 | |||||||
| Long-term debt, excluding current maturities | 10 | 394 | |||||||
| Liabilities, other than long-term debt | 3,370 | 3 | |||||||
| Accounts payable and accrued liabilities | 2 | ||||||||
| Deferred revenue | 1,370 | ✕ | ✕ | ||||||
| Due to related parties | ✕ | 2,000 | 1 | ||||||
| Other undisclosed noncurrent liabilities | 1,954 | 1,494 | (6) | ||||||
| Total noncurrent liabilities: | 1,954 | 3,370 | 10 | 1,888 | (6) | 3 | |||
| Total liabilities: | 25,721 | 42,351 | 24,148 | 6,375 | 5 | 3 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (18,614) | 32,512 | (18,451) | (4,994) | (6) | 23 | |||
| Common stock | 14 | 4 | 28 | 25 | 6 | ||||
| Additional paid in capital | 132,981 | 113,050 | 10,365 | 5,215 | 21 | 22 | |||
| Accumulated other comprehensive income (loss) | 143 | 55 | (20) | (5) | |||||
| Accumulated deficit | (151,751) | (80,597) | (28,823) | (10,229) | (33) | (5) | |||
| Other undisclosed equity, attributable to parent | 6 | ||||||||
| Other undisclosed equity | (5) | ||||||||
| Total equity: | (18,614) | 32,512 | (18,451) | (4,994) | (11) | 23 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,108 | 74,863 | 5,698 | 1,381 | (6) | 27 | |||
Income Statement (P&L) ($ in thousands)
| 1/31/2024 TTM | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,923 | 16,831 | 10,804 | 686 | 13 | |||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 13 | |
| Cost of revenue (Cost of Goods and Services Sold) | (7,144) | (12,347) | (7,680) | (1,371) | (9) | |||
| Gross profit: | 2,778 | 4,485 | 3,124 | (685) | (9) | 13 | ||
| Operating expenses | (24,737) | (56,413) | (6,850) | (6,233) | (28) | (21) | ||
| Other undisclosed operating income | 9 | |||||||
| Operating loss: | (21,959) | (51,928) | (3,727) | (6,917) | (28) | (8) | ||
| Nonoperating income (expense) | (3,319) | 154 | (14,868) | (2,311) | (6) | |||
| Investment income, nonoperating | (6) | |||||||
| Interest and debt expense | (105) | (51) | (573) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 6 | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (25,278) | (51,879) | (18,646) | (9,801) | (28) | (8) | ||
| Loss from equity method investments | (28) | |||||||
| Other undisclosed income from continuing operations before income taxes | 105 | 51 | 573 | |||||
| Loss from continuing operations: | (25,278) | (51,774) | (18,595) | (9,228) | (57) | (8) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (18,595) | (9,228) | (57) | (8) | |
| Loss from discontinued operations | (45,876) | |||||||
| Other undisclosed net income | 28 | |||||||
| Net loss available to common stockholders, diluted: | (71,154) | (51,774) | (18,595) | (9,228) | (28) | (8) | ||
Comprehensive Income ($ in thousands)
| 1/31/2024 TTM | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (71,154) | (51,774) | (18,595) | (9,228) | (28) | (8) | ||
| Other comprehensive income | ||||||||
| Other undisclosed comprehensive income | 18,580 | 9,223 | ||||||
| Comprehensive loss: | (71,154) | (51,774) | (15) | (5) | (28) | (8) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 88 | 75 | (18,595) | (9,228) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (71,066) | (51,699) | (18,610) | (9,233) | (28) | (8) | ||
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.