Torotel Inc (TTLO) Financial Statements (2024 and earlier)

Company Profile

Business Address 520 N ROGERS RD
OLATHE, KS 66062
State of Incorp. MO
Fiscal Year End April 30
Industry (SIC) 3677 - Electronic Coils, Transformers, and Other Inductors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

7/31/2020
Q1
4/30/2020
Q4
1/31/2020
Q3
10/31/2019
Q2
7/31/2019
Q1
4/30/2019
Q4
1/31/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2634154573535840
Cash and cash equivalents2,2634154573535840
Receivables2,1042,2322,7132,4682,5901,451
Inventory, net of allowances, customer advances and progress billings3,5563,5943,4133,2563,0542,897
Inventory3,5563,5943,4133,2563,0542,897
Prepaid expense285222304385152178
Contract with customer, asset, after allowance for credit loss9609491,1451,1731,1041,003
Disposal group, including discontinued operation      734
Total current assets:9,1687,4128,0327,6356,9586,303
Noncurrent Assets
Operating lease, right-of-use asset2,0082,075   
Property, plant and equipment1,9831,9191,9181,8471,8231,147
Deferred income tax assets 34   
Other noncurrent assets221153153152186153
Deferred tax assets, net34343468
Other undisclosed noncurrent assets   2,1522,214  
Total noncurrent assets:4,2124,1814,2574,2472,0431,368
TOTAL ASSETS:13,38011,59312,28911,8829,0017,671
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8992,7452,9022,8008242,127
Taxes payable 38   20 
Employee-related liabilities 742   473 
Accounts payable 2,2101,9371,671 1,457
Accrued liabilities 5359651,129 670
Other undisclosed accounts payable and accrued liabilities 119   331 
Debt1,2171,1076886661,1211,173
Other undisclosed current liabilities1,949 4804771,64925
Total current liabilities:4,0653,8524,0703,9433,5943,325
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,8872,7402,8092,862801826
Long-term debt, excluding current maturities2,008795803811801826
Other undisclosed long-term debt and lease obligation   2,0062,051  
Operating lease, liability1,8791,945   
Total noncurrent liabilities:3,8872,7402,8092,862801826
Total liabilities:7,9526,5926,8796,8054,3954,151
Equity
Equity, attributable to parent5,4285,0015,4105,0774,6063,520
Common stock606060606060
Additional paid in capital12,65312,62612,59912,57212,54512,518
Accumulated deficit(7,285)(7,685)(7,249)(7,555)(7,999)(9,058)
Total equity:5,4285,0015,4105,0774,6063,520
TOTAL LIABILITIES AND EQUITY:13,38011,59312,28911,8829,0017,671

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

7/31/2020
Q1
4/30/2020
Q4
1/31/2020
Q3
10/31/2019
Q2
7/31/2019
Q1
4/30/2019
Q4
1/31/2019
Q3
Revenues6,9016,0946,7926,3466,4584,750
Cost of revenue(4,598)(4,460)(4,113)(3,953)(3,717)(3,680)
Gross profit:2,3031,6342,6792,3932,7411,070
Operating expenses(1,870)(2,168)(2,275)(1,811)(1,641)(1,440)
Operating income (loss):433(534)4045821,100(370)
Interest and debt expense(19)(27)(23)(27)(28)(36)
Income (loss) from continuing operations before income taxes:414(561)3815551,072(406)
Income tax expense (benefit)(14)125(75)(111)  
Other undisclosed loss from continuing operations     (13) 
Income (loss) from continuing operations:400(436)3064441,059(406)
Income (loss) before gain (loss) on sale of properties:400(436)3064441,059(406)
Net income (loss) attributable to parent:400(436)3064441,059(406)
Undistributed earnings (loss) allocated to participating securities, basic(49) (37)(54)  
Other undisclosed net loss available to common stockholders, basic     (78) 
Net income (loss) available to common stockholders, diluted:351(436)269390981(406)

Comprehensive Income ($ in thousands)

7/31/2020
Q1
4/30/2020
Q4
1/31/2020
Q3
10/31/2019
Q2
7/31/2019
Q1
4/30/2019
Q4
1/31/2019
Q3
Net income (loss):400(436)3064441,059(406)
Comprehensive income (loss), net of tax, attributable to parent:400(436)3064441,059(406)

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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