Aerogrow International Inc (AERO) financial statements (2022 and earlier)

Company profile

Business Address 5405 SPINE RD.
BOULDER, CO 80301
State of Incorp. NV
Fiscal Year End March 31
SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,0611,7567,4978,8041,4011,0151,707
Cash and cash equivalents9,0611,7567,4978,8041,4011,0151,707
Restricted cash and investments15151515151515
Receivables3,6795,3094,5772,7421,8091,514760
Inventory, net of allowances, customer advances and progress billings4,7888,4405,0472,9213,1492,6031,311
Inventory4,7888,4405,0472,9213,1492,6031,311
Prepaid expense84      
Other undisclosed current assets1,293475478511196144306
Total current assets:18,92015,99517,61414,9936,5705,2914,099
Noncurrent Assets
Operating lease, right-of-use asset1,229
Property, plant and equipment1,2291,006514415620525298
Intangible assets, net (including goodwill)    222
Intangible assets, net (excluding goodwill)    222
Deposits noncurrent assets6693939106156156145
Deferred costs     1(262)
Other undisclosed noncurrent assets     (1)(36)
Total noncurrent assets:3,1271,045553521778683147
Other undisclosed assets      298
TOTAL ASSETS:22,04717,04018,16715,5147,3485,9744,544
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,6404,0474,9793,3732,6974,1722,315
Accounts payable2,3322,6102,7481,8531,7331,641553
Accrued liabilities2,3081,4372,2311,520964816306
Interest and dividends payable     1,7151,456
Debt24 80117160208258
Derivative instruments and hedges, liabilities    6441,6882,530
Due to related parties2,396   1,293207 
Deferred revenue and credits  113
Customer advances and deposits 10635230
Other undisclosed current liabilities80206163  (1,715)(1,456)
Total current liabilities:7,1404,2535,2223,5965,1474,5913,650
Noncurrent Liabilities
Long-term debt and lease obligation1,201721219   
Capital lease obligations721219   
Operating lease, liability1,201
Liabilities, other than long-term debt1,197240190    
Due to related parties900      
Other liabilities297240190    
Other undisclosed noncurrent liabilities 23     
Total noncurrent liabilities:2,39833520219   
Total liabilities:9,5384,5885,4243,6155,1474,5913,650
Stockholders' equity
Stockholders' equity attributable to parent, including:12,50912,45212,74311,8992,2011,383894
Preferred stock    333
Common stock34343433766
Common stock, value, subscriptions   2,595  
Additional paid in capital140,817140,817140,817138,75784,12982,10179,563
Accumulated deficit(128,342)(128,399)(128,108)(129,486)(84,329)(82,442)(80,134)
Other undisclosed stockholders' equity attributable to parent    2,3911,7151,456
Total stockholders' equity:12,50912,45212,74311,8992,2011,383894
TOTAL LIABILITIES AND EQUITY:22,04717,04018,16715,5147,3485,9744,544

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

3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues39,21434,36687723,60919,61217,9129,355
Revenue, net 23,60919,61217,9129,355
Revenue from related parties145877
Cost of revenue(25,185)(22,395)(21,598)(15,044)(12,618)(12,367)(5,582)
Other undisclosed gross profit  31,421    
Gross profit:14,02911,97110,7008,5656,9945,5453,773
Operating expenses(13,721)(11,965)(11,148)(8,911)(8,293)(6,372)(4,606)
Other undisclosed operating loss      (43)
Operating income (loss):3086(448)(346)(1,299)(827)(876)
Nonoperating income (expense)(251)(297)6(2,252)746636(1,530)
Other nonoperating income (expense)(19)427(36)(5)1518
Interest and debt expense(232)(301)(21)(108)(293)(207)415
Other undisclosed income from continuing operations before equity method investments, income taxes232301     
Income (loss) from continuing operations before income taxes:57(291)(463)(2,706)(846)(398)(1,991)
Income tax expense(1)    (1)(2)
Net income (loss):56(291)(463)(2,706)(846)(399)(1,993)
Other undisclosed net income (loss) attributable to parent1 21108293208(413)
Net income (loss) attributable to parent:57(291)(442)(2,598)(553)(191)(2,406)
Preferred stock dividends and other adjustments      (268)
Other undisclosed net income (loss) available to common stockholders, basic  534(2,167)(675)(1,355)(1,456)
Net income (loss) available to common stockholders, diluted:57(291)92(4,765)(1,228)(1,546)(4,130)

Comprehensive Income ($ in thousands)

3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):56(291)(463)(2,706)(846)(399)(1,993)
Comprehensive income (loss), net of tax, attributable to parent:56(291)(463)(2,706)(846)(399)(1,993)

Statements sources

The financial statements are based on the company's filings with the 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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