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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,89832,67412,066361,8122,126
Cash and cash equivalents24,89832,67412,066361,8122,126
Restricted cash and investments      
Receivables25,1429,4211,3272869781,241
Inventory, net of allowances, customer advances and progress billings    (113)641,434
Inventory    (113)641,434
Prepaid expense1,6291,289670   
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   1506625852
Total current assets:51,66966,97114,06410,3253,4795,654
Noncurrent Assets
Operating lease, right-of-use asset2,8638,9656,887
Property, plant and equipment30758934362120317
Intangible assets, net (including goodwill)108,242125,65621,9712,004 
Goodwill45,51955,35019,368   
Intangible assets, net (excluding goodwill)62,72470,3062,6032,004  
Deferred costs    483  
Other noncurrent assets7032,125    
Other undisclosed noncurrent assets   626201270816
Total noncurrent assets:112,115137,33529,8272,7503891,134
TOTAL ASSETS:163,784204,30643,89113,0753,8686,788
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:28,04628,6508,3636,6143,8623,970
Taxes payable69062   
Accounts payable20,97915,298 5,1593,8623,970
Accrued liabilities7,06728,6508041,455  
Other undisclosed accounts payable and accrued liabilities  (15,988)7,497   
Debt2,5811,638200881211
Derivative instruments and hedges, liabilities   13   
Restructuring reserve859    
Disposal group, including discontinued operation    28,893  
Business combination, contingent consideration, liability  3,615   
Deferred revenue and credits826154334
Due to related parties  413,161  
Other liabilities    702  
Other undisclosed current liabilities35,07169,3659,451 3,1982,284
Total current liabilities:66,556103,26818,06840,2837,2266,600
Noncurrent Liabilities
Long-term debt and lease obligation64,42774,5755,835 920
Long-term debt, excluding current maturities64,42765,581  920
Liabilities, other than long-term debt7,00216,0714771,799174355
Deferred revenue and credits 174355
Financial instruments subject to mandatory redemption, settlement terms, share value, amount  15,997    
Due to related parties   1,799  
Other liabilities21375477   
Operating lease, liability6,7908,9945,835
Other undisclosed noncurrent liabilities   773 2,7503,888
Total noncurrent liabilities:71,43090,6477,0851,7992,9324,264
Total liabilities:137,985193,91525,15342,08210,15910,863
Equity
Equity, attributable to parent, including:25,79910,39118,738(28,999)(6,329)(4,122)
Preferred stock     144 
Common stock4134440136136
Additional paid in capital268,623236,877204,788105,35437,89937,461
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 0810,546144 144
Equity, attributable to noncontrolling interest    (8)3846
Total equity:25,79910,39118,738(29,007)(6,291)(4,076)
TOTAL LIABILITIES AND EQUITY:163,784204,30643,89113,0753,8686,788

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
Revenues279,915116,41016,19210,6118,1999,449
Revenue, net 7,3709,449
Cost of revenue(231,047)(88,127)(7,504)(6,933)(561) 
Cost of goods and services sold    (6,933)(561) 
Gross profit:48,86828,2828,6883,6777,6379,449
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)116180
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 1,9991,999(198)776471643
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)8812
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
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.

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