Straight Path Communications Inc (STRP) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5300 HICKORY PARK DRIVE GLEN ALLEN, VA 23059 |
| State of Incorp. | DE |
| Fiscal Year End | July 31 |
| Industry (SIC) | 4812 - Radiotelephone Communications (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 10/31/2017 Q1 | 7/31/2017 Q4 | 4/30/2017 Q3 | 1/31/2017 Q2 | 10/31/2016 Q1 | 7/31/2016 Q4 | 4/30/2016 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,535 | 14,555 | 7,837 | 9,561 | 11,361 | 13,172 | |||
| Cash and cash equivalents | 8,535 | 14,555 | 7,837 | 9,561 | 11,361 | 13,172 | |||
| Receivables | 51 | 68 | 40 | 47 | 40 | 39 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,588 | 1,669 | 643 | ||||||
| Inventory | 1,588 | 1,669 | 643 | ||||||
| Prepaid expense | 118 | 183 | 919 | 1,634 | 237 | ||||
| Other current assets | 229 | ||||||||
| Other undisclosed current assets | 3 | 33 | 1,390 | 65 | |||||
| Total current assets: | 10,295 | 16,508 | 9,439 | 11,242 | 13,028 | 13,505 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,345 | ||||||||
| Intangible assets, net (including goodwill) | 365 | 365 | 365 | 365 | 365 | 365 | |||
| Intangible assets, net (excluding goodwill) | 365 | 365 | 365 | 365 | 365 | 365 | |||
| Prepaid expense | 300 | ||||||||
| Other noncurrent assets | 161 | 164 | 111 | 105 | 104 | 106 | |||
| Other undisclosed noncurrent assets | 1,029 | 3,910 | |||||||
| Total noncurrent assets: | 1,555 | 4,439 | 476 | 470 | 469 | 2,116 | |||
| TOTAL ASSETS: | 11,850 | 20,947 | 9,915 | 11,712 | 13,497 | 15,621 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,712 | 6,154 | 1,605 | 1,812 | 1,951 | 831 | |||
| Interest and dividends payable | |||||||||
| Taxes payable | 221 | 223 | 225 | 225 | |||||
| Accounts payable | 3,210 | 5,238 | 1,016 | 1,067 | 684 | 170 | |||
| Accrued liabilities | 3,502 | 916 | 368 | 522 | 1,042 | 436 | |||
| Deferred revenue and credits | 217 | 132 | 197 | 174 | 73 | 76 | |||
| Due to related parties | 29 | ||||||||
| Other undisclosed current liabilities | 15,102 | 17,585 | 15,000 | ||||||
| Total current liabilities: | 22,060 | 23,871 | 16,802 | 1,986 | 2,024 | 907 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 7,200 | 7,200 | |||||||
| Long-term debt, excluding current maturities | 7,200 | 7,200 | |||||||
| Liabilities, other than long-term debt | 7,275 | 75 | 80 | 86 | 92 | 98 | |||
| Deferred revenue and credits | 75 | 75 | 80 | 86 | 92 | 98 | |||
| Estimated litigation liability | 7,200 | ||||||||
| Total noncurrent liabilities: | 7,275 | 7,275 | 7,280 | 86 | 92 | 98 | |||
| Total liabilities: | 29,335 | 31,146 | 24,082 | 2,072 | 2,116 | 1,005 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (17,485) | (7,840) | (12,011) | 11,441 | 13,058 | 16,213 | |||
| Treasury stock, value | (428) | (428) | (428) | (428) | (428) | (480) | |||
| Additional paid in capital | 38,377 | 36,235 | 26,073 | 24,100 | 21,589 | 21,002 | |||
| Accumulated deficit | (52,872) | (43,774) | (37,781) | (12,356) | (8,225) | (4,431) | |||
| Other undisclosed equity, attributable to parent | (2,562) | 127 | 125 | 125 | 122 | 122 | |||
| Equity, attributable to noncontrolling interest | 2,690 | (2,359) | (2,156) | (1,801) | (1,677) | (1,597) | |||
| Total equity: | (14,795) | (10,199) | (14,167) | 9,640 | 11,381 | 14,616 | |||
| Other undisclosed liabilities and equity | (2,690) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 11,850 | 20,947 | 9,915 | 11,712 | 13,497 | 15,621 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 10/31/2017 Q1 | 7/31/2017 Q4 | 4/30/2017 Q3 | 1/31/2017 Q2 | 10/31/2016 Q1 | 7/31/2016 Q4 | 4/30/2016 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 167 | 167 | 165 | 159 | 122 | 219 | ||
| Revenue, net | 219 | |||||||
| Cost of revenue | (16) | (32) | (26) | (41) | (50) | (88) | ||
| Cost of goods and services sold | (88) | |||||||
| Gross profit: | 151 | 135 | 139 | 118 | 72 | 131 | ||
| Operating expenses | (16,294) | (4,140) | (4,395) | (3,945) | (2,033) | |||
| Other undisclosed operating income (loss) | 7,200 | (25,925) | ||||||
| Operating loss: | (8,943) | (4,005) | (25,786) | (4,277) | (3,873) | (1,902) | ||
| Nonoperating income (expense) | (483) | (2,188) | 13 | |||||
| Investment income, nonoperating | 10 | |||||||
| Other nonoperating income (expense) | (483) | (2,188) | 3 | |||||
| Interest and debt expense | (2,195) | |||||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 2,195 | (423) | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (7,231) | (8,388) | (25,786) | (4,277) | (4,296) | (1,889) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (2,195) | 2,195 | 6 | 29 | 437 | |||
| Loss from continuing operations before income taxes: | (9,426) | (6,193) | (25,780) | (4,248) | (3,859) | (1,889) | ||
| Income tax expense (benefit) | (3) | (3) | (7) | (15) | 25 | |||
| Loss from continuing operations: | (9,429) | (6,196) | (25,780) | (4,255) | (3,874) | (1,864) | ||
| Loss before gain (loss) on sale of properties: | (9,429) | (6,196) | (25,780) | (4,255) | (3,874) | (1,864) | ||
| Other undisclosed net loss | ||||||||
| Net loss: | (9,429) | (6,196) | (25,780) | (4,255) | (3,874) | (1,864) | ||
| Other undisclosed net income attributable to parent | 331 | 203 | 355 | 124 | 80 | 19 | ||
| Net loss available to common stockholders, diluted: | (9,098) | (5,993) | (25,425) | (4,131) | (3,794) | (1,845) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 10/31/2017 Q1 | 7/31/2017 Q4 | 4/30/2017 Q3 | 1/31/2017 Q2 | 10/31/2016 Q1 | 7/31/2016 Q4 | 4/30/2016 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (9,429) | (6,196) | (25,780) | (4,255) | (3,874) | (1,864) | ||
| Comprehensive loss, net of tax, attributable to parent: | (9,429) | (6,196) | (25,780) | (4,255) | (3,874) | (1,864) | ||
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.