Troika Media Group, Inc. (TRKA) Financial Statements (2024 and earlier)
Company Profile
Business Address |
25 WEST 39TH STREET, 6TH FLOOR NEW YORK, NY 10018 |
State of Incorp. | NV |
Fiscal Year End | December 31 |
Industry (SIC) | 4841 - Cable and Other Pay Television Services (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2023 MRQ | 3/31/2023 MRQ | 6/30/2022 | 6/30/2021 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 24,898 | 32,674 | 12,066 | 36 | 1,812 | 2,126 | |||
Cash and cash equivalents | 24,898 | 32,674 | 12,066 | 36 | 1,812 | 2,126 | |||
Restricted cash and investments | |||||||||
Receivables | 25,142 | 9,421 | 1,327 | 286 | 978 | 1,241 | |||
Inventory, net of allowances, customer advances and progress billings | (113) | 64 | 1,434 | ||||||
Inventory | (113) | 64 | 1,434 | ||||||
Prepaid expense | 1,629 | 1,289 | 670 | ||||||
Contract with customer, asset, after allowance for credit loss | 23,586 | ✕ | ✕ | ✕ | |||||
Disposal group, including discontinued operation | 9,565 | ||||||||
Other current assets | 46 | ||||||||
Other undisclosed current assets | 1 | 506 | 625 | 852 | |||||
Total current assets: | 51,669 | 66,971 | 14,064 | 10,325 | 3,479 | 5,654 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 2,863 | 8,965 | 6,887 | ✕ | ✕ | ✕ | |||
Property, plant and equipment | 307 | 589 | 343 | 62 | 120 | 317 | |||
Intangible assets, net (including goodwill) | 108,242 | 125,656 | 21,971 | 2,004 | ✕ | ||||
Goodwill | 45,519 | 55,350 | 19,368 | ||||||
Intangible assets, net (excluding goodwill) | 62,724 | 70,306 | 2,603 | 2,004 | |||||
Deferred costs | 483 | ||||||||
Other noncurrent assets | 703 | 2,125 | |||||||
Other undisclosed noncurrent assets | 626 | 201 | 270 | 816 | |||||
Total noncurrent assets: | 112,115 | 137,335 | 29,827 | 2,750 | 389 | 1,134 | |||
TOTAL ASSETS: | 163,784 | 204,306 | 43,891 | 13,075 | 3,868 | 6,788 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 28,046 | 28,650 | 8,363 | 6,614 | 3,862 | 3,970 | |||
Taxes payable | ✕ | ✕ | 690 | 62 | |||||
Accounts payable | 20,979 | 15,298 | 5,159 | 3,862 | 3,970 | ||||
Accrued liabilities | 7,067 | 28,650 | 804 | 1,455 | |||||
Other undisclosed accounts payable and accrued liabilities | (15,988) | 7,497 | |||||||
Debt | 2,581 | 1,638 | 200 | 88 | 12 | 11 | |||
Derivative instruments and hedges, liabilities | 13 | ||||||||
Restructuring reserve | 859 | ✕ | |||||||
Disposal group, including discontinued operation | 28,893 | ||||||||
Business combination, contingent consideration, liability | 3,615 | ✕ | |||||||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 826 | 154 | 334 | ||
Due to related parties | ✕ | 41 | 3,161 | ||||||
Other liabilities | 702 | ||||||||
Other undisclosed current liabilities | 35,071 | 69,365 | 9,451 | 3,198 | 2,284 | ||||
Total current liabilities: | 66,556 | 103,268 | 18,068 | 40,283 | 7,226 | 6,600 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 64,427 | 74,575 | 5,835 | 9 | 20 | ||||
Long-term debt, excluding current maturities | 64,427 | 65,581 | 9 | 20 | |||||
Liabilities, other than long-term debt | 7,002 | 16,071 | 477 | 1,799 | 174 | 355 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 174 | 355 | |||
Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 15,997 | ||||||||
Due to related parties | ✕ | 1,799 | |||||||
Other liabilities | 213 | 75 | 477 | ||||||
Operating lease, liability | 6,790 | 8,994 | 5,835 | ✕ | ✕ | ✕ | |||
Other undisclosed noncurrent liabilities | 773 | 2,750 | 3,888 | ||||||
Total noncurrent liabilities: | 71,430 | 90,647 | 7,085 | 1,799 | 2,932 | 4,264 | |||
Total liabilities: | 137,985 | 193,915 | 25,153 | 42,082 | 10,159 | 10,863 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 25,799 | 10,391 | 18,738 | (28,999) | (6,329) | (4,122) | |||
Preferred stock | 144 | ||||||||
Common stock | 413 | 44 | 40 | 136 | 13 | 6 | |||
Additional paid in capital | 268,623 | 236,877 | 204,788 | 105,354 | 37,899 | 37,461 | |||
Deferred compensation equity | (9,318) | ||||||||
Accumulated other comprehensive loss | (955) | (418) | (4) | (8) | (19) | ||||
Accumulated deficit | (243,237) | (225,582) | (186,900) | (134,629) | (44,376) | (41,714) | |||
Other undisclosed equity, attributable to parent | 0 | 8 | 10,546 | 144 | 144 | ||||
Equity, attributable to noncontrolling interest | (8) | 38 | 46 | ||||||
Total equity: | 25,799 | 10,391 | 18,738 | (29,007) | (6,291) | (4,076) | |||
TOTAL LIABILITIES AND EQUITY: | 163,784 | 204,306 | 43,891 | 13,075 | 3,868 | 6,788 |
Income Statement (P&L) ($ in thousands)
9/30/2023 TTM | 3/31/2023 TTM | 6/30/2022 | 6/30/2021 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
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Revenues | 279,915 | 116,410 | 16,192 | 10,611 | 8,199 | 9,449 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | 7,370 | 9,449 | ||
Cost of revenue | (231,047) | (88,127) | (7,504) | (6,933) | (561) | |||
Cost of goods and services sold | (6,933) | (561) | ||||||
Gross profit: | 48,868 | 28,282 | 8,688 | 3,677 | 7,637 | 9,449 | ||
Operating expenses | (72,870) | (61,669) | (27,671) | (29,071) | (9,679) | (12,717) | ||
Other undisclosed operating loss | (268) | |||||||
Operating loss: | (24,002) | (33,387) | (18,983) | (25,393) | (2,309) | (3,269) | ||
Nonoperating income (expense) | (15,829) | (5,270) | 3,202 | (997) | (356) | (463) | ||
Investment income, nonoperating | (937) | (15) | 116 | 180 | ||||
Gain on contract termination | 73 | |||||||
Other nonoperating income (expense) | (14,891) | (5,270) | 3,202 | |||||
Interest and debt expense | (1,990) | (1,999) | (18) | (776) | (471) | (643) | ||
Loss from continuing operations before equity method investments, income taxes: | (41,821) | (40,656) | (15,799) | (27,166) | (3,136) | (4,374) | ||
Other undisclosed income (loss) from continuing operations before income taxes | 1,999 | 1,999 | (198) | 776 | 471 | 643 | ||
Loss from continuing operations before income taxes: | (39,822) | (38,657) | (15,997) | (26,390) | (2,665) | (3,731) | ||
Income tax expense (benefit) | (198) | (36) | 216 | |||||
Other undisclosed income (loss) from continuing operations | (36) | (3,202) | 2,673 | |||||
Income (loss) from continuing operations: | (40,056) | (38,693) | (18,983) | (26,390) | 8 | (3,731) | ||
Income (loss) before gain (loss) on sale of properties: | (32,156) | (38,693) | (18,983) | (81,480) | 2 | (4,154) | ||
Loss from discontinued operations | (55,089) | (6) | (423) | |||||
Other undisclosed net income (loss) | (40,289) | 34,983 | (2,673) | |||||
Net income (loss): | (80,345) | (38,693) | 16,000 | (81,480) | (2,671) | (4,154) | ||
Other undisclosed net income (loss) attributable to parent | 41,274 | (31,997) | 8 | 8 | 12 | |||
Net loss attributable to parent: | (39,071) | (38,693) | (15,997) | (81,472) | (2,663) | (4,142) | ||
Other undisclosed net loss available to common stockholders, basic | (175) | |||||||
Net loss available to common stockholders, diluted: | (39,071) | (38,693) | (15,997) | (81,647) | (2,663) | (4,142) |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 3/31/2023 TTM | 6/30/2022 | 6/30/2021 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
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Net income (loss): | (80,345) | (38,693) | 16,000 | (81,480) | (2,671) | (4,154) | ||
Other comprehensive loss | (4) | |||||||
Other undisclosed comprehensive income (loss) | 19 | (15) | ||||||
Comprehensive income (loss): | (80,345) | (38,693) | 16,000 | (81,483) | (2,652) | (4,168) | ||
Comprehensive income, net of tax, attributable to noncontrolling interest | 11 | |||||||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (537) | (537) | (11) | |||||
Comprehensive income (loss), net of tax, attributable to parent: | (80,882) | (39,230) | 16,000 | (81,483) | (2,652) | (4,168) |
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.