Summer Infant, Inc. (SUMR) Financial Statements (2024 and earlier)

Company Profile

Business Address 1275 PARK EAST DRIVE
WOONSOCKET, RI 02895
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 399 - Miscellaneous Manufacturing Industries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 535510395721681999
Cash and cash equivalents 535510395721681999
Receivables 30,93425,99532,78731,22336,64034,137
Inventory, net of allowances, customer advances and progress billings 28,62125,12328,05636,06634,03536,140
Inventory 28,62125,12328,05636,06634,03536,140
Other undisclosed current assets 1,1431,8502,9469979501,737
Total current assets: 61,23353,47864,18469,00772,30673,013
Noncurrent Assets
Operating lease, right-of-use asset 14,3833,6254,578
Property, plant and equipment 4,1284,7898,7889,6859,6409,965
Intangible assets, net (including goodwill) 11,38211,73912,89613,30014,04614,813
Intangible assets, net (excluding goodwill) 11,38211,73912,89613,30014,04614,813
Deferred income tax assets  1,001996
Other noncurrent assets 1041051019710398
Deferred tax assets, net2,1271,9353,848
Total noncurrent assets: 29,99721,25927,35925,20925,72428,724
TOTAL ASSETS: 91,23074,73791,54394,21698,030101,737
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 33,68334,05032,68537,05934,46038,441
Accounts payable 27,98527,98625,39628,12024,64230,684
Accrued liabilities 5,6986,0647,2898,9399,8187,757
Debt 2,1252,1253,3708753,2504,500
Other undisclosed current liabilities 3,1332,349    
Total current liabilities: 38,94138,52436,05537,93437,71042,941
Noncurrent Liabilities
Long-term debt and lease obligation, including: 49,45429,02947,90544,64143,77241,206
Long-term debt, excluding current maturities 37,42027,53645,35944,64143,772 
Other undisclosed long-term debt and lease obligation      41,206
Liabilities, other than long-term debt 2602,0642,0002,3712,9062,770
Deferred income tax liabilities 152  
Other liabilities 1082,0642,0002,3712,9062,770
Operating lease, liability 12,0341,4932,546
Total noncurrent liabilities: 49,71431,09349,90547,01246,67843,976
Total liabilities: 88,65569,61785,96084,94684,38886,917
Equity
Equity, attributable to parent 2,5755,1205,5839,27013,64214,820
Common stock 222222
Treasury stock, value (1,283)(1,283)(1,283)(1,283)(1,283)(1,283)
Additional paid in capital 78,37077,97977,71577,39676,84876,348
Accumulated other comprehensive loss (1,426)(1,388)(1,763)(2,960)(2,291)(2,862)
Accumulated deficit (73,088)(70,190)(69,088)(63,885)(59,634)(57,385)
Total equity: 2,5755,1205,5839,27013,64214,820
TOTAL LIABILITIES AND EQUITY: 91,23074,73791,54394,21698,030101,737

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

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 143,665155,299173,181173,619189,869194,328
Revenue, net189,869194,328
Cost of revenue
(Cost of Goods and Services Sold)
 (104,286)(104,448)(118,296)(118,500)(129,674)(132,577)
Gross profit: 39,37950,85154,88555,11960,19561,751
Operating expenses (41,686)(45,958)(53,083)(51,310)(53,107)(59,554)
Other undisclosed operating loss    (4,182)(4,197)(5,011)
Operating income (loss): (2,307)4,8931,802(373)2,891(2,814)
Interest and debt expense 1,972(1,800) (518)  
Income (loss) from continuing operations before equity method investments, income taxes: (335)3,0931,802(891)2,891(2,814)
Other undisclosed loss from continuing operations before income taxes (1,386)(4,078)(4,871)(3,924)(2,968)(2,682)
Loss from continuing operations before income taxes: (1,721)(985)(3,069)(4,815)(77)(5,496)
Income tax expense (benefit) (1,177)(117)(1,095)564(2,172)1,174
Loss from continuing operations: (2,898)(1,102)(4,164)(4,251)(2,249)(4,322)
Loss before gain (loss) on sale of properties:(2,898)(1,102)(4,164)(4,251)(2,249)(4,322)
Net loss available to common stockholders, diluted: (2,898)(1,102)(4,164)(4,251)(2,249)(4,322)

Comprehensive Income ($ in thousands)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (2,898)(1,102)(4,164)(4,251)(2,249)(4,322)
Comprehensive loss, net of tax, attributable to parent: (2,898)(1,102)(4,164)(4,251)(2,249)(4,322)

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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