Taitron Components Incorporated (TAIT) Financial Statements (2024 and earlier)

Company Profile

Business Address 28040 WEST HARRISON PARKWAY
VALENCIA, CA 91355
State of Incorp. CA
Fiscal Year End December 31
Industry (SIC) 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,3098,0547,2516,1955,9256,293
Cash and cash equivalents4,7374,8575,2174,1403,7744,814
Short-term investments3,5723,1972,0342,0552,1511,479
Receivables9581,2046831,1741,083733
Inventory, net of allowances, customer advances and progress billings3,3043,1703,9004,7735,0415,063
Inventory3,3043,1703,9004,7735,0415,063
Other undisclosed current assets3492261482,1642,1502,144
Total current assets:12,92012,65411,98214,30614,19914,233
Noncurrent Assets
Property, plant and equipment2,8442,8802,9222,9722,9973,027
Long-term investments and receivables186186186186186186
Long-term investments186186186186186186
Deferred income tax assets2,0522,0522,047   
Total noncurrent assets:5,0825,1185,1553,1583,1833,213
TOTAL ASSETS:18,00217,77217,13717,46417,38217,446
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1691,1731,001416458903
Accounts payable496152211687804392
Accrued liabilities6731,021790   
Other undisclosed accounts payable and accrued liabilities    (271)(346)511
Other undisclosed current liabilities    687804392
Total current liabilities:1,1691,1731,0011,1031,2621,295
Noncurrent Liabilities
Total liabilities:1,1691,1731,0011,1031,2621,295
Equity
Equity, attributable to parent, including:16,83316,59916,13616,36116,12016,151
Additional paid in capital11,41311,40911,40711,40211,39511,181
Accumulated other comprehensive loss(60)(59)(58)(58)(78)(90)
Retained earnings5,4745,2434,7815,0114,7975,054
Other undisclosed equity, attributable to parent666666
Total equity:16,83316,59916,13616,36116,12016,151
TOTAL LIABILITIES AND EQUITY:18,00217,77217,13717,46417,38217,446

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,4902,0861,7812,3002,7901,552
Cost of revenue
(Cost of Goods and Services Sold)
(644)(933)(908)(1,073)(1,300)(749)
Gross profit:8461,1538731,2271,490803
Operating expenses(583)(590)(534)(536)(531)(557)
Operating income:263563339691959246
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
26022140(96)(310)(83)
Interest and debt expense      1,922
Income from continuing operations before equity method investments, income taxes:5237843795956492,085
Other undisclosed income (loss) from continuing operations before income taxes481918144(1,918)
Income from continuing operations before income taxes:571803397609653167
Income tax expense (benefit)(40)(41)(328)(125)(40)1,875
Income from continuing operations:531762694846132,042
Income before gain (loss) on sale of properties:4846132,042
Net income available to common stockholders, diluted:531762694846132,042

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:531762694846132,042
Other undisclosed comprehensive income (loss)(1)(1)15   
Comprehensive income:530761844846132,042
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (15)2012(17)
Comprehensive income, net of tax, attributable to parent:530761695046252,025

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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