Steel Connect Inc. (STCN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
590 MADISON AVENUE NEW YORK, NY 10022 |
| State of Incorp. | DE |
| Fiscal Year End | July 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 10/31/2024 Q1 | 7/31/2024 Q4 | 4/30/2024 Q3 | 1/31/2024 Q2 | 10/31/2023 Q1 | 7/31/2023 Q4 | 4/30/2023 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 248,614 | 269,237 | 276,422 | 276,705 | 121,372 | 62,700 | |||
| Cash and cash equivalents | 248,614 | 269,237 | 276,422 | 276,705 | 121,372 | 62,738 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | (38) | ||||||||
| Receivables | 33,443 | 31,873 | 29,179 | 27,974 | 28,616 | 36,948 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,733 | 7,474 | 7,742 | 6,756 | 8,569 | 6,919 | |||
| Inventory | 6,733 | 7,474 | 7,742 | 6,756 | 8,569 | 6,919 | |||
| Funds held for clients | 2,576 | 3,139 | 2,479 | 1,946 | 2,031 | 3,158 | |||
| Other current assets | 2,041 | 1,969 | |||||||
| Other undisclosed current assets | 2,421 | 2,727 | 5,550 | 4,402 | 156,717 | 5,023 | |||
| Total current assets: | 295,828 | 314,450 | 321,372 | 317,783 | 319,274 | 114,748 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 20,748 | 22,907 | 24,813 | 25,997 | 27,098 | 28,892 | |||
| Property, plant and equipment | 5,536 | 5,153 | 4,433 | 3,724 | 3,698 | 3,401 | |||
| Intangible assets, net (including goodwill) | 50,739 | 54,714 | 55,606 | 56,499 | 57,374 | ||||
| Goodwill | 19,703 | 22,785 | 22,785 | 22,785 | 22,785 | ||||
| Intangible assets, net (excluding goodwill) | 31,036 | 31,929 | 32,821 | 33,714 | 34,589 | ||||
| Deferred income tax assets | 68,315 | 71,065 | |||||||
| Other noncurrent assets | 3,086 | 2,880 | 3,317 | 3,149 | 3,899 | ||||
| Other undisclosed noncurrent assets | 41,376 | 14,293 | 3,174 | 3,443 | 3,737 | ||||
| Total noncurrent assets: | 189,800 | 171,012 | 91,343 | 92,812 | 91,907 | 36,192 | |||
| TOTAL ASSETS: | 485,628 | 485,462 | 412,715 | 410,595 | 411,181 | 150,940 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 46,878 | 50,551 | 47,399 | 51,087 | 53,288 | 55,444 | |||
| Accounts payable | 25,219 | 27,494 | 25,463 | 24,889 | 26,514 | 26,290 | |||
| Accrued liabilities | 21,659 | 23,057 | 21,936 | 26,198 | 26,774 | 29,154 | |||
| Debt | 12,903 | 12,903 | 12,903 | 12,327 | |||||
| Other liabilities | 4,423 | 4,333 | 3,843 | 3,902 | 4,544 | 13,760 | |||
| Other undisclosed current liabilities | 10,851 | 11,921 | 11,472 | 10,582 | 9,922 | 11,058 | |||
| Total current liabilities: | 75,055 | 79,708 | 75,617 | 77,898 | 67,754 | 80,262 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 12,461 | 11,586 | |||||||
| Long-term debt, excluding current maturities | 12,461 | 11,586 | |||||||
| Liabilities, other than long-term debt | 5,913 | 5,065 | 6,170 | 5,583 | 5,442 | 5,670 | |||
| Deferred revenue | 68 | 303 | 108 | 124 | |||||
| Other liabilities | 5,913 | 4,997 | 5,867 | 5,475 | 5,442 | 5,546 | |||
| Other undisclosed noncurrent liabilities | 12,740 | 14,376 | 15,832 | 17,710 | 19,161 | 21,136 | |||
| Total noncurrent liabilities: | 18,653 | 19,441 | 22,002 | 23,293 | 37,064 | 38,392 | |||
| Total liabilities: | 93,708 | 99,149 | 97,619 | 101,191 | 104,818 | 118,654 | |||
| Temporary equity, carrying amount | 237,739 | 237,733 | 237,739 | 237,739 | 237,739 | 35,175 | |||
| Equity | |||||||||
| Equity, attributable to parent | 154,181 | 148,580 | 77,357 | 71,665 | 68,624 | (2,889) | |||
| Common stock | 65 | 65 | 65 | 65 | 65 | 609 | |||
| Additional paid in capital | 62,166 | 61,993 | 61,831 | 61,671 | 61,534 | 7,479,891 | |||
| Accumulated other comprehensive income (loss) | (1,507) | (928) | (860) | (1,583) | (587) | 4,061 | |||
| Retained earnings (accumulated deficit) | 93,457 | 87,450 | 16,321 | 11,512 | 7,612 | (7,487,450) | |||
| Total equity: | 154,181 | 148,580 | 77,357 | 71,665 | 68,624 | (2,889) | |||
| TOTAL LIABILITIES AND EQUITY: | 485,628 | 485,462 | 412,715 | 410,595 | 411,181 | 150,940 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 10/31/2024 Q1 | 7/31/2024 Q4 | 4/30/2024 Q3 | 1/31/2024 Q2 | 10/31/2023 Q1 | 7/31/2023 Q4 | 4/30/2023 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 45,869 | 43,855 | 43,045 | 41,341 | (147,497) | 46,142 | ||
| Cost of revenue | (33,214) | (30,838) | (31,698) | (29,866) | (33,218) | |||
| Other undisclosed gross profit | 108,031 | |||||||
| Gross profit: | 12,655 | 13,017 | 11,347 | 11,475 | (39,466) | 12,924 | ||
| Operating expenses | (11,701) | (10,037) | (9,625) | (9,670) | (12,619) | |||
| Other undisclosed operating income | 33,463 | |||||||
| Operating income (loss): | 954 | 2,980 | 1,722 | 1,805 | (6,003) | 305 | ||
| Nonoperating income (expense) | 5,496 | 880 | 3,818 | 3,302 | 3,575 | |||
| Investment income, nonoperating | 5,753 | 1,123 | 4,067 | 3,549 | 4,489 | |||
| Interest and debt expense | (257) | (243) | (249) | (247) | (914) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (2,301) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 6,193 | 3,617 | 5,291 | 4,860 | (8,304) | 2,966 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 257 | 243 | 249 | 247 | (2,588) | 914 | ||
| Income (loss) from continuing operations before income taxes: | 6,450 | 3,860 | 5,540 | 5,107 | (10,892) | 3,880 | ||
| Income tax expense (benefit) | 88 | 67,800 | (194) | (671) | (851) | |||
| Other undisclosed income from continuing operations | 1,630 | |||||||
| Net income (loss) attributable to parent: | 6,538 | 71,660 | 5,346 | 4,436 | (9,262) | 3,029 | ||
| Preferred stock dividends and other adjustments | (531) | (531) | (537) | (536) | (519) | |||
| Other undisclosed net income available to common stockholders, basic | 1,593 | |||||||
| Net income (loss) available to common stockholders, basic: | 6,007 | 71,129 | 4,809 | 3,900 | (7,669) | 2,510 | ||
| Interest on convertible debt | 232 | 243 | ||||||
| Convertible preferred dividends | 531 | 531 | 519 | |||||
| Other undisclosed net loss available to common stockholders, diluted | (1,593) | |||||||
| Net income (loss) available to common stockholders, diluted: | 6,770 | 71,903 | 4,809 | 3,900 | (9,262) | 3,029 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 10/31/2024 Q1 | 7/31/2024 Q4 | 4/30/2024 Q3 | 1/31/2024 Q2 | 10/31/2023 Q1 | 7/31/2023 Q4 | 4/30/2023 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 6,538 | 71,660 | 5,346 | 4,436 | (9,262) | 3,029 | ||
| Other comprehensive income (loss) | (579) | (68) | 723 | (996) | (819) | |||
| Other undisclosed comprehensive income | 79 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 5,959 | 71,592 | 6,069 | 3,440 | (9,183) | 2,210 | ||
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.