ComSovereign Holding Corp. (COMS) financial statements (2022 and earlier)

Company profile

Business Address 5000 QUORUM DRIVE, SUITE 400
DALLAS, TX 75254
State of Incorp. NV
Fiscal Year End December 31
SIC 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 7318122,2826152,0152,660
Cash and cash equivalents 7318122,2826152,0152,660
Receivables 7872,1701811039483
Inventory, net of allowances, customer advances and progress billings 4,5384,671308992460119
Inventory 4,5384,671308992460119
Prepaid expense  9179010312156
Other current assets 15295    
Other undisclosed current assets 1,473     
Total current assets: 7,6818,6652,6981,8202,9902,917
Noncurrent Assets
Finance lease, right-of-use asset 68 
Operating lease, right-of-use asset 2,7252,200
Property, plant and equipment 2,2861,45853156119136
Intangible assets, net (including goodwill), including: 48107,6648051,0971,3891,560
Goodwill 64,89856,387100100100100
Intangible assets, net (excluding goodwill) 53,18851,2777069981,2901,460
Other undisclosed intangible assets, net (including goodwill) (118,038)     
Other undisclosed noncurrent assets 118,068     
Total noncurrent assets: 123,196111,3228591,2531,5081,696
TOTAL ASSETS: 130,877119,9873,5573,0744,4984,614
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 13,2534,986485205294242
Accounts payable 5,5832,246    
Accrued liabilities 1,6491,383    
Employee-related liabilities 3,9921,051    
Interest and dividends payable 2,029306  47 
Other undisclosed accounts payable and accrued liabilities   485205247242
Deferred revenue 721150
Debt 18,3875,8572,0001,000 110
Derivative instruments and hedges, liabilities     1,832 
Due to related parties 30461 1,1729556
Other undisclosed current liabilities 1,8713,688   8
Total current liabilities: 34,26215,1432,4852,3773,081366
Noncurrent Liabilities
Long-term debt and lease obligation 2,9241,745    
Long-term debt, excluding current maturities 706     
Finance lease, liability 9 
Operating lease, liability 2,2091,745
Liabilities, other than long-term debt 143153 3,000  
Deferred revenue 143153
Due to related parties    3,000  
Total noncurrent liabilities: 3,0671,897 3,000  
Total liabilities: 37,33017,0402,4855,3773,081366
Stockholders' equity
Stockholders' equity attributable to parent, including: 93,548102,9471,072(2,304)1,4174,247
Common stock 15132111
Treasury stock, value (50)(50)    
Additional paid in capital 158,210130,55339,54127,69221,08915,386
Accumulated other comprehensive loss  (23)    
Accumulated deficit (64,627)(27,545)(38,472)(29,997)(19,673)(11,139)
Other undisclosed stockholders' equity attributable to parent     01
Total stockholders' equity: 93,548102,9471,072(2,304)1,4174,247
TOTAL LIABILITIES AND EQUITY: 130,877119,9873,5573,0744,4984,614

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 9,4274,7122,7235621,468472
Cost of revenue (4,596)(2,991)(2,214)(339)(558)(283)
Cost of goods and services sold (4,596)(2,991)(565)  (19)
Gross profit: 4,8311,721509223911189
Operating expenses (32,052)(21,974) (10,070)(9,732)(9,164)
Other undisclosed operating loss   (8,639)   
Operating loss: (27,221)(20,253)(8,131)(9,846)(8,821)(8,974)
Nonoperating income (expense) (1,444)(11,430)(344)(478)288(2)
Investment income, nonoperating    1,8325630
Other nonoperating expense (1,369)(147)    
Interest and debt expense (11,325)(435)(344)(682)11(2)
Loss from continuing operations before equity method investments, income taxes: (39,990)(32,118)(8,820)(11,006)(8,523)(8,978)
Other undisclosed income from continuing operations before income taxes 2435    
Loss from continuing operations before income taxes: (39,988)(31,683)(8,820)(11,006)(8,523)(8,978)
Income tax benefit 2,9064,138    
Net loss: (37,081)(27,545)(8,820)(11,006)(8,523)(8,978)
Other undisclosed net income (loss) attributable to parent   344682(11)2
Net loss attributable to parent: (37,081)(27,545)(8,475)(10,324)(8,534)(8,976)
Other undisclosed net loss available to common stockholders, basic      (80)
Net loss available to common stockholders, diluted: (37,081)(27,545)(8,475)(10,324)(8,534)(9,056)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (37,081)(27,545)(8,820)(11,006)(8,523)(8,978)
Other comprehensive income (loss) (23)23    
Other undisclosed comprehensive income (loss) 47(47)    
Comprehensive loss, net of tax, attributable to parent: (37,058)(27,569)(8,820)(11,006)(8,523)(8,978)

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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