Staffing 360 Solutions Inc. (STAF) Financial Statements (2024 and earlier)

Company Profile

Business Address 757 THIRD AVENUE
NEW YORK, NY 10017
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7363 - Help Supply Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

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 investments1,9924,5588,2561,1963,1813,100
Cash and cash equivalents1,9924,5588,2561,1963,1813,100
Receivables23,62820,71824,56826,60432,74633,392
Other undisclosed current assets1,7629883,3318421,1971,443
Total current assets:27,38226,26436,15528,64237,12437,935
Noncurrent Assets
Operating lease, right-of-use asset9,0705,5783,4334,888
Property, plant and equipment1,2308651,0661,5281,6391,618
Intangible assets, net (including goodwill)37,27637,47743,06250,56054,71844,314
Goodwill19,89123,82827,04531,04932,06127,169
Intangible assets, net (excluding goodwill)17,38513,64916,01719,51122,65717,145
Other noncurrent assets6,7013,5063,1683,2232,9562,881
Total noncurrent assets:54,27747,42650,72960,19959,31348,813
TOTAL ASSETS:81,65973,69086,88488,84196,43786,748
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:16,52612,53215,03016,57718,28316,709
Interest and dividends payable    1,431
Employee-related liabilities8,59412,91312,70011,3787,061
Accounts payable 1,1682,749281,4123,2134,371
Accrued liabilities 15,3581,1892,0892,2753,4913,066
Other undisclosed accounts payable and accrued liabilities   190201780
Debt 18,2659,75814,8671,797657245
Other liabilities2,6396,5576,5483,9079,6426,372
Due to related parties  1,13937,780  
Other undisclosed current liabilities10,00215,88619,36423,93423,43625,983
Total current liabilities:47,43244,73356,94883,99552,01849,309
Noncurrent Liabilities
Long-term debt and lease obligation8,3934,8472,2263,54335,56538,749
Long-term debt, excluding current maturities8,393279 36035,56538,749
Liabilities, other than long-term debt17,48178535,9691,6704,6594,049
Due to related parties8,661 32,182   
Other liabilities1807853,7871,6704,6594,049
Operating lease, liability8,6404,5682,2263,183
Other undisclosed noncurrent liabilities  7,761  1,426
Total noncurrent liabilities:25,8745,63245,9565,21340,22444,224
Total liabilities:73,30650,365102,90489,20892,24293,533
Equity
Equity, attributable to parent, including:8,35323,325(18,100)(367)4,195(6,785)
Common stock1111  
Additional paid in capital111,586107,18373,84476,21473,77257,574
Accumulated other comprehensive income (loss)(2,219)162223(58)2,053783
Accumulated deficit(101,015)(84,021)(92,179)(76,537)(71,643)(65,142)
Other undisclosed equity, attributable to parent   111313 
Other undisclosed equity   2,080   
Total equity:8,35323,325(16,020)(367)4,195(6,785)
TOTAL LIABILITIES AND EQUITY:81,65973,69086,88488,84196,43786,748

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues244,917197,770204,527278,478260,926192,650
Revenue, net192,650
Cost of revenue(202,148)(163,903)(169,714)(230,169) (155,909)
Other undisclosed gross profit     (212,622) 
Gross profit:42,76933,86734,81348,30948,30436,741
Operating expenses(56,226)(41,167)(43,593)(47,686)(46,646)(41,955)
Operating income (loss):(13,457)(7,300)(8,780)6231,658(5,214)
Nonoperating income (expense)(3,759)15,101(6,962)(5,852)(8,137)(12,345)
Other nonoperating income (expense)726(33)125326398(106)
Interest and debt expense(3,881)(3,856)(7,195)(7,628)(8,386)(6,132)
Income (loss) from continuing operations before equity method investments, income taxes:(21,097)3,945(22,937)(12,857)(14,865)(23,691)
Other undisclosed income from continuing operations before income taxes3,8813,8567,1957,6288,3866,132
Income (loss) from continuing operations before income taxes:(17,216)7,801(15,742)(5,229)(6,479)(17,559)
Income tax expense (benefit)222357(100)335(22)(932)
Income (loss) from continuing operations:(16,994)8,158(15,842)(4,894)(6,501)(18,491)
Income (loss) before gain (loss) on sale of properties:8,158(15,842)(4,894)(6,501)(18,491)
Other undisclosed net income   200   
Net income (loss) attributable to parent:(16,994)8,158(15,642)(4,894)(6,501)(18,491)
Preferred stock dividends and other adjustments      (2,209)
Undistributed earnings (loss) allocated to participating securities, basic  (2,395)    
Other undisclosed net loss available to common stockholders, basic  (2,593)(8,043)(2,488)(486) 
Net income (loss) available to common stockholders, basic:(16,994)3,170(23,685)(7,382)(6,987)(20,700)
Dilutive securities, effect on basic earnings per share  795    
Net income (loss) available to common stockholders, diluted:(16,994)3,965(23,685)(7,382)(6,987)(20,700)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(16,994)8,158(15,642)(4,894)(6,501)(18,491)
Comprehensive income (loss):(16,994)8,158(15,642)(4,894)(6,501)(18,491)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,381)(61)281(2,111)1,270(72)
Comprehensive income (loss), net of tax, attributable to parent:(19,375)8,097(15,361)(7,005)(5,231)(18,563)

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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