PARETEUM Corp (TEUM) Financial Statements (2025 and earlier)

Company Profile

Business Address 1185 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 8,2754,4476,05213,538931369
Cash and cash equivalents 8,2754,4476,05213,538931369
Restricted cash and investments 6,4791,455431200564246
Receivables 12,7109,34915,3622,0586151,112
Prepaid expense 1,533928424324592621
Other current assets 330831    
Other undisclosed current assets 1,0071,6521,6605764931,667
Total current assets: 30,33418,66223,92816,6963,1954,016
Noncurrent Assets
Operating lease, right-of-use asset 1,0442,241
Property, plant and equipment 5,0906,2624,5534,7148,70913,051
Long-term investments and receivables  5121,0823,8251,013 
Long-term investments    3,230  
Accounts and financing receivable, after allowance for credit loss  5121,0825951,013 
Intangible assets, net (including goodwill) 24,04125,599131,432  3,286
Goodwill 11,04310,09991,774  3,027
Intangible assets, net (excluding goodwill) 12,99815,50039,658  259
Deposits noncurrent assets      285
Other noncurrent assets 7497524591129474
Other undisclosed noncurrent assets      4,280
Total noncurrent assets: 30,92435,366137,1138,6309,85021,376
TOTAL ASSETS: 61,25854,028161,04125,32613,04525,392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 13,28613,6167,9525,2506,0145,032
Accrued liabilities 13,28613,6167,9525,2506,0145,032
Debt 7,6393,415788664,0115,891
Derivative instruments and hedges, liabilities 6,163     
Liability for uncertainty in income taxes    246  
Deferred revenue and credits  1,260
Billings in excess of cost243952 
Due to related parties 337     
Other undisclosed current liabilities 40,14232,90311,2651,7322,3172,640
Total current liabilities: 67,56749,93420,0067,53813,29314,822
Noncurrent Liabilities
Long-term debt and lease obligation 6015,2362137694,730505
Long-term debt, excluding current maturities  4,8212137694,730499
Capital lease obligations   6
Finance lease, liability 3482
Liabilities, other than long-term debt  4208,758 1211,067
Deferred revenue and credits  1,067
Billings in excess of cost 121 
Deferred tax liabilities, net8,416   
Due to related parties  420342   
Operating lease, liability 567333
Other undisclosed noncurrent liabilities 8,025  1,5984,266946
Total noncurrent liabilities: 9,1935,6568,9712,3679,1172,517
Total liabilities: 76,76055,59028,9779,90522,41017,339
Temporary equity, carrying amount 24,899     
Equity
Equity, attributable to parent, including: (40,401)(1,562)132,06515,422(9,371)8,045
Preferred stock     2,143 
Common stock 552,852547,948450,991321,271280,653269,470
Accumulated other comprehensive loss (8,660)(5,608)(6,301)(6,307)(5,087)(5,790)
Accumulated deficit (584,593)(543,902)(312,625)(299,543)(287,080)(255,636)
Other undisclosed equity, attributable to parent   (0)   
Equity, attributable to noncontrolling interest     69
Total equity: (40,401)(1,562)132,06515,422(9,365)8,054
TOTAL LIABILITIES AND EQUITY: 61,25854,028161,04125,32613,04525,392

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

3/31/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 69,63762,04932,43613,54812,85631,015
Cost of revenue (59,288)(55,559)(10,330)(3,684)(3,659)(5,926)
Cost of goods and services sold (48,954)(47,134)(10,330)(3,684)(3,659)(5,926)
Gross profit: 10,3496,49022,1069,8649,19725,089
Operating expenses (46,751)(226,843)(36,749)(18,651)(28,100)(29,387)
Operating loss: (36,402)(220,353)(14,643)(8,787)(18,903)(4,298)
Nonoperating income (expense) (8,311)(14,712)1,524(3,569)(12,504)(725)
Other nonoperating income (expense) 80(3,221)578705(221)(923)
Interest and debt expense (7,130)(176)(29)(341)(1,267)(514)
Other undisclosed income from continuing operations before equity method investments, income taxes 7,130176293411,267514
Loss from continuing operations before income taxes: (44,713)(235,065)(13,118)(12,356)(31,406)(5,023)
Income tax expense (benefit) 528,295144(107)(38)17
Loss from continuing operations: (44,661)(226,770)(12,975)(12,463)(31,445)(5,006)
Loss before gain (loss) on sale of properties:(44,661)(226,770)(12,975)(12,463)(31,445)(5,006)
Net loss attributable to parent: (44,661)(226,770)(12,975)(12,463)(31,445)(5,006)
Preferred stock dividends and other adjustments (816)     
Net loss available to common stockholders, diluted: (45,477)(226,770)(12,975)(12,463)(31,445)(5,006)

Comprehensive Income ($ in thousands)

3/31/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (44,661)(226,770)(12,975)(12,463)(31,445)(5,006)
Comprehensive loss: (44,661)(226,770)(12,975)(12,463)(31,445)(5,006)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 1,357(219)6(1,220)703(2,663)
Comprehensive loss, net of tax, attributable to parent: (43,304)(226,989)(12,969)(13,683)(30,742)(7,669)

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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