Towerstream Corp (TWER) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
76 HAMMARLUND WAY MIDDLETOWN, RI 02842 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4899 - Communications Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,569 | 12,272 | 15,117 | 38,028 | 28,182 | 15,152 | |||
| Cash and cash equivalent | 7,569 | 12,272 | 15,117 | 38,028 | 28,182 | 15,152 | |||
| Receivables | 912 | 505 | 309 | 1,311 | 612 | 609 | |||
| Disposal group, including discontinued operation | 232 | 1,249 | |||||||
| Asset, held-for-sale, not part of disposal group | 5,315 | ✕ | ✕ | ✕ | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 943 | ||
| Other undisclosed current assets | 242 | 434 | 474 | 927 | 926 | ||||
| Total current assets: | 8,724 | 13,444 | 22,463 | 40,265 | 29,719 | 16,705 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 13,431 | 15,252 | 21,235 | 33,905 | 38,485 | 41,982 | |||
| Intangible asset, including goodwill, after accumulated amortization | 3,917 | 5,327 | 2,947 | 3,874 | 4,763 | 6,222 | |||
| Goodwill | 1,674 | 1,674 | 1,674 | 1,674 | 1,674 | 1,674 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 2,242 | 3,652 | 1,273 | 2,200 | 3,089 | 4,548 | |||
| Other noncurrent assets | 386 | 370 | 2,076 | 4,278 | 1,951 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,200 | ||
| Total noncurrent assets: | 17,734 | 20,949 | 26,258 | 42,057 | 45,199 | 50,405 | |||
| TOTAL ASSETS: | 26,457 | 34,393 | 48,721 | 82,322 | 74,917 | 67,110 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,496 | 1,235 | 2,506 | 2,910 | 3,774 | 4,149 | |||
| Interest and dividends payable | 723 | ||||||||
| Accounts payable | 1,151 | 324 | 877 | 871 | 1,242 | 1,163 | |||
| Accrued liabilities | 1,622 | 911 | 1,629 | 2,039 | 2,533 | 2,986 | |||
| Debt | 34,252 | 32,278 | 993 | 846 | 783 | 775 | |||
| Deferred rent credit | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Disposal group, including discontinued operation | 1,029 | 1,240 | 3,907 | ||||||
| Other liabilities | 63 | 57 | 67 | 235 | |||||
| Deferred revenue and credits | ✕ | 1,012 | 1,272 | 1,487 | 1,431 | 1,397 | 1,544 | ||
| Other undisclosed current liabilities | (46) | (87) | |||||||
| Total current liabilities: | 39,789 | 36,025 | 8,956 | 5,198 | 6,022 | 6,617 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 306 | 31,646 | 35,628 | 33,387 | 1,805 | 2,388 | |||
| Long-term debt, excluding current maturities | 31,487 | 34,695 | 32,101 | ||||||
| Capital lease obligations | 306 | 159 | 933 | 1,286 | 1,805 | 2,388 | |||
| Liabilities, other than long-term debt | 754 | 1,062 | 1,591 | 3,148 | 1,659 | 301 | |||
| Deferred revenue and credits | ✕ | 1,373 | 662 | ||||||
| Other liabilities | 754 | 1,062 | 1,591 | 1,775 | 997 | 301 | |||
| Other undisclosed noncurrent liabilities | (0) | (31,487) | (1,373) | (662) | |||||
| Total noncurrent liabilities: | 1,060 | 1,221 | 37,219 | 35,162 | 2,802 | 2,689 | |||
| Total liabilities: | 40,849 | 37,246 | 46,176 | 40,360 | 8,824 | 9,306 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (14,391) | (2,853) | 2,546 | 41,962 | 66,094 | 57,804 | |||
| Common stock | 0 | 18 | 67 | 67 | 66 | 55 | |||
| Additional paid in capital | 174,733 | 173,783 | 158,698 | 157,631 | 154,172 | 121,118 | |||
| Accumulated deficit | (189,125) | (176,655) | (156,219) | (115,736) | (88,144) | (63,369) | |||
| Other undisclosed equity, attributable to parent | 0 | 1 | |||||||
| Total equity: | (14,391) | (2,853) | 2,546 | 41,962 | 66,094 | 57,804 | |||
| TOTAL LIABILITIES AND EQUITY: | 26,457 | 34,393 | 48,721 | 82,322 | 74,917 | 67,110 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,213 | 26,896 | 27,905 | 33,036 | 33,433 | 32,279 | ||
| Revenue, net | ✕ | 26,213 | 26,896 | 27,905 | 33,036 | 33,433 | 32,279 | |
| Cost of revenue | (32,032) | (38,945) | (10,604) | (24,520) | (22,938) | (16,379) | ||
| Cost of product and service sold | (6,735) | (10,876) | (9,644) | (13,639) | (15,351) | |||
| Gross profit: | (5,820) | (12,050) | 17,301 | 8,516 | 10,495 | 15,900 | ||
| Operating expenses | (1,532) | (1,483) | (15,822) | (17,118) | (20,112) | (31,984) | ||
| Other undisclosed operating loss | (14,069) | (17,224) | (15,852) | (4,662) | ||||
| Operating loss: | (7,352) | (13,533) | (12,590) | (25,826) | (25,468) | (20,746) | ||
| Nonoperating income (expense) | (12,554) | (20,138) | (6,653) | (1,687) | 771 | (118) | ||
| Investment income, nonoperating | 3 | 42 | ||||||
| Interest and debt expense | (1,610) | (939) | (263) | (221) | (105) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 939 | 263 | 221 | 105 | ||||
| Loss from continuing operations before income taxes: | (19,905) | (35,280) | (19,243) | (27,513) | (24,697) | (20,863) | ||
| Income tax expense (benefit) | 84 | (57) | 38 | (79) | (79) | (126) | ||
| Loss from continuing operations: | (19,821) | (35,337) | (19,205) | (27,592) | (24,775) | (20,990) | ||
| Loss before gain (loss) on sale of properties: | (19,821) | (36,757) | (40,483) | (27,592) | (24,775) | (20,990) | ||
| Loss from discontinued operations | (1,420) | (21,278) | ||||||
| Net loss: | (19,821) | (36,757) | (40,483) | (27,592) | (24,775) | (20,990) | ||
| Other undisclosed net income attributable to parent | 7,352 | 16,320 | ||||||
| Net loss attributable to parent: | (12,470) | (20,436) | (40,483) | (27,592) | (24,775) | (20,990) | ||
| Preferred stock dividends and other adjustments | (1,906) | (1,722) | ||||||
| Net loss available to common stockholders, diluted: | (14,375) | (22,158) | (40,483) | (27,592) | (24,775) | (20,990) | ||
Comprehensive Income ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (19,821) | (36,757) | (40,483) | (27,592) | (24,775) | (20,990) | ||
| Comprehensive loss, net of tax, attributable to parent: | (19,821) | (36,757) | (40,483) | (27,592) | (24,775) | (20,990) | ||
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.