PARETEUM Corp (TEUM) Financial Statements (2024 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
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,2753,4103,3363,660 5,247
Cash and cash equivalents8,2753,4103,3363,660 5,247
Restricted cash and investments6,4797,45910,685961 1,105
Receivables12,71013,23610,67411,517 9,297
Prepaid expense1,5338558921,171 893
Other current assets330324326253 706
Other undisclosed current assets1,0072,1321,7971,678 2,012
Total current assets:30,33427,41627,71019,240 19,260
Noncurrent Assets
Operating lease, right-of-use asset1,0441,0339841,007 2,721
Property, plant and equipment5,0905,1935,8986,067 5,414
Intangible assets, net (including goodwill)24,04124,11924,24624,672 180,557
Goodwill11,04310,55710,1119,905 133,408
Intangible assets, net (excluding goodwill)12,99813,56214,13514,767 47,149
Other noncurrent assets749709669913 927
Total noncurrent assets:30,92431,05431,79732,659 189,619
TOTAL ASSETS:61,25858,47059,50751,899 208,879
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13,28611,04112,69214,866 9,602
Accrued liabilities13,28611,04112,69214,866 9,602
Debt7,6394,38821,13911,185 528
Derivative instruments and hedges, liabilities6,163725831   
Due to related parties337271    
Other liabilities  4,690    
Other undisclosed current liabilities40,14237,21029,97632,900 30,041
Total current liabilities:67,56758,32564,63858,951 40,171
Noncurrent Liabilities
Long-term debt and lease obligation6017,1356,118473 878
Long-term debt, excluding current maturities 6,5685,622  45
Finance lease, liability34455870 93
Liabilities, other than long-term debt  8,7298,364413 7,997
Deferred income tax liabilities  8,6417,944  7,574
Due to related parties  88420413 423
Operating lease, liability567522438403 740
Other undisclosed noncurrent liabilities8,02510,9191,372   
Total noncurrent liabilities:8,62626,78315,854886 8,875
Total liabilities:76,76085,10880,49259,837 49,046
Temporary equity, carrying amount24,89920,167    
Equity
Equity, attributable to parent(40,401)(46,805)(20,985)(7,938) 159,833
Common stock552,852552,157551,543550,996 546,243
Accumulated other comprehensive loss(8,660)(9,175)(9,748)(10,017) (13,521)
Accumulated deficit(584,593)(589,787)(562,780)(548,917) (372,889)
Total equity:(40,401)(46,805)(20,985)(7,938) 159,833
TOTAL LIABILITIES AND EQUITY:61,25858,47059,50751,899 208,879

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

3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues16,94616,53116,10520,055 16,083
Cost of revenue(21,488)(11,472)(11,883)(14,445) (12,334)
Cost of goods and services sold (11,472)(11,883)(14,445) (12,334)
Gross profit:(4,542)5,0594,2225,610 3,749
Operating expenses(3,518)(14,508)(14,119)(14,606) (17,025)
Operating loss:(8,060)(9,449)(9,897)(8,996) (13,276)
Nonoperating income (expense)13,692(17,528)(3,951)(525) (12,237)
Gain (loss), foreign currency transaction, before tax 573269  (5,487)
Interest and debt expense(7,599) (5)469  
Other undisclosed income from continuing operations before equity method investments, income taxes 7,130     
Income (loss) from continuing operations before equity method investments, income taxes:5,163(26,977)(13,853)(9,052) (25,513)
Other undisclosed income (loss) from continuing operations before income taxes469 5(469)  
Income (loss) from continuing operations before income taxes:5,632(26,977)(13,848)(9,521) (25,513)
Income tax expense (benefit)1(30)(15)97 394
Income (loss) from continuing operations:5,633(27,007)(13,863)(9,424) (25,119)
Income (loss) before gain (loss) on sale of properties:5,633(27,007)(13,863)(9,424) (25,119)
Net income (loss) attributable to parent:5,633(27,007)(13,863)(9,424) (25,119)
Preferred stock dividends and other adjustments(985)(169)    
Net income (loss) available to common stockholders, diluted:4,648(27,176)(13,863)(9,424) (25,119)

Comprehensive Income ($ in thousands)

3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income (loss):5,633(27,007)(13,863)(9,424) (25,119)
Comprehensive income (loss):5,633(27,007)(13,863)(9,424) (25,119)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent515573269  (5,487)
Comprehensive income (loss), net of tax, attributable to parent:6,148(26,434)(13,594)(9,424) (30,606)

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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