Star Equity Holdings Inc. (STRR) Financial Statements (2024 and earlier)

Company Profile

Business Address 53 FOREST AVENUE
OLD GREENWICH, CT 06870
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,1648,1554,5383,2601,8471,545
Cash and cash equivalents18,3264,6654,5383,2251,8211,545
Short-term investments4,8383,490 3526 
Restricted cash and investments620142278168240167
Receivables6,40317,75615,81112,97518,57112,642
Inventory, net of allowances, customer advances and progress billings3,42010,6278,5259,7877,0975,402
Inventory3,42010,6278,5259,7877,0975,402
Derivative instruments and hedges, assets 19     
Disposal group, including discontinued operation   20,756  
Other current assets1,1802,5872,7111,9901,7941,285
Other undisclosed current assets      153
Total current assets:34,80639,26731,86348,93629,54921,194
Noncurrent Assets
Operating lease, right-of-use asset1,4704,4824,4941,7694,827
Property, plant and equipment7,8288,348  22,13821,645
Long-term investments and receivables14,427     
Long-term investments6,000     
Accounts and financing receivable, after allowance for credit loss8,427     
Intangible assets, net (including goodwill)16,95619,39821,11826,44232,8816,973
Goodwill4,4386,0466,0469,5429,9781,745
Intangible assets, net (excluding goodwill)12,51813,35215,07216,90022,9035,228
Restricted cash and investments      101
Other noncurrent assets91,8071,6591,3841,165681
Other undisclosed noncurrent assets   8,9189,762  
Total noncurrent assets:40,69034,03536,18939,35761,01129,400
TOTAL ASSETS:75,49673,30268,05288,29390,56050,594
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,0776,56710,36110,77718,14911,333
Employee-related liabilities3,0512,8254,5793,862
Accounts payable1,5713,4304,2774,9528,9325,206
Accrued liabilities1,5063,1373,0333,0004,6382,265
Deferred revenue1,3773,3762,7692,1841,786
Debt2,06112,07912,900 6,000 
Derivative instruments and hedges, liabilities 104    
Disposal group, including discontinued operation    7,871  
Business combination, contingent consideration, liability  353    
Other liabilities  655    
Due to related parties  2,3071,920 
Contract with customer, liability1,687
Other undisclosed current liabilities2,2194,4111,79119,587323197
Total current liabilities:8,73427,54527,82142,72628,17813,217
Noncurrent Liabilities
Long-term debt and lease obligation433863,2994,52820,1119,500
Long-term debt, excluding current maturities    3,70017,0389,500
Finance lease, liability43386   
Liabilities, other than long-term debt1,4203,6161,1901,1101,5741,956
Deferred rent credit      1,956
Deferred income tax liabilities318176725123
Other liabilities  2991,1181,0591,551 
Operating lease, liability1,1023,1413,2998283,073
Other undisclosed noncurrent liabilities      121
Total noncurrent liabilities:1,4634,0024,4895,63821,68511,577
Total liabilities:10,19731,54732,31048,36449,86324,794
Temporary equity, carrying amount    21,50019,602 
Equity
Equity, attributable to parent, including:65,29941,75516,75418,42921,09525,800
Common stock21   2
Treasury stock, value(5,728)(5,728)(5,728)(5,728)(5,728)(5,728)
Additional paid in capital160,126161,715150,451149,143145,352145,428
Accumulated other comprehensive loss      (22)
Accumulated deficit(108,089)(133,221)(127,969)(124,986)(118,529)(113,880)
Other undisclosed equity, attributable to parent18,98818,988    
Other undisclosed equity   18,988   
Total equity:65,29941,75535,74218,42921,09525,800
TOTAL LIABILITIES AND EQUITY:75,49673,30268,05288,29390,56050,594

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues45,785112,151106,55978,163114,185104,180
Cost of revenue
(Cost of Goods and Services Sold)
(33,859)(86,272)(91,319)(64,176)(92,070)(85,909)
Gross profit:11,92625,87915,24013,98722,11518,271
Operating expenses(16,272)(28,984)(26,835)(21,195)(25,943)(22,816)
Operating loss:(4,346)(3,105)(11,595)(7,208)(3,828)(4,545)
Nonoperating income (expense)1,825(1,973)2,7242,052(1,440)(855)
Other nonoperating income (expense)852(998)(550)3,344(133)(61)
Interest and debt expense(11)(975)4,200(92)(137)(43)
Loss from continuing operations before equity method investments, income taxes:(2,532)(6,053)(4,671)(5,248)(5,405)(5,443)
Other undisclosed income (loss) from continuing operations before income taxes11975(4,200)9213743
Loss from continuing operations before income taxes:(2,521)(5,078)(8,871)(5,156)(5,268)(5,400)
Income tax expense (benefit)614(174)(60)(129)3751,561
Loss from continuing operations:(1,907)(5,252)(8,931)(5,285)(4,893)(3,839)
Loss before gain (loss) on sale of properties:(3,772)(5,285)(4,893)(3,839)
Income (loss) from discontinued operations  5,159   
Other undisclosed net income      
Net loss:(1,907)(5,252)(3,772)(5,285)(4,893)(3,839)
Other undisclosed net income (loss) attributable to parent27,039 789(1,172)2664,575
Net income (loss) attributable to parent:25,132(5,252)(2,983)(6,457)(4,627)736
Preferred stock dividends and other adjustments(1,916)(1,916) (1,916)(596) 
Other undisclosed net loss available to common stockholders, basic   (1,906)   
Net income (loss) available to common stockholders, diluted:23,216(7,168)(4,889)(8,373)(5,223)736

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(1,907)(5,252)(3,772)(5,285)(4,893)(3,839)
Other comprehensive income (loss)     22(17)
Comprehensive loss:(1,907)(5,252)(3,772)(5,285)(4,871)(3,856)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (1,172)2664,575
Comprehensive income (loss), net of tax, attributable to parent:(1,907)(5,252)(3,772)(6,457)(4,605)719

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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