Deep Down, Inc. (DPDW) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1310 RANKIN ROAD HOUSTON, TX 77073 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3533 - Oil and Gas Field Machinery and Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,353 | 3,676 | 3,745 | 3,523 | 3,050 | 4,956 | |||
| Cash and cash equivalents | 2,353 | 3,676 | 3,745 | 3,523 | 2,015 | 3,939 | |||
| Short-term investments | 1,035 | 1,017 | |||||||
| Receivables | 2,920 | 5,929 | 4,650 | 4,454 | 4,388 | 4,142 | |||
| Inventory, net of allowances, customer advances and progress billings | 202 | 254 | 187 | ||||||
| Inventory | 202 | 254 | 187 | ||||||
| Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 925 | ||
| Other undisclosed current assets | 1,410 | 1,105 | 340 | 970 | 2,552 | 302 | |||
| Total current assets: | 6,885 | 10,964 | 8,922 | 8,947 | 9,990 | 10,325 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | ✕ | ✕ | |||||||
| Operating lease, right-of-use asset | 6,184 | 1,861 | 3,174 | 4,334 | ✕ | ✕ | |||
| Property, plant and equipment | 3,305 | 1,727 | 2,604 | 7,964 | 9,691 | 12,352 | |||
| Intangible assets, net (including goodwill) | 62 | 38 | 44 | 50 | 56 | 63 | |||
| Intangible assets, net (excluding goodwill) | 62 | 38 | 44 | 50 | 56 | 63 | |||
| Other noncurrent assets | 179 | 136 | 195 | 256 | 383 | 1,230 | |||
| Total noncurrent assets: | 9,730 | 3,762 | 6,017 | 12,604 | 10,130 | 13,645 | |||
| TOTAL ASSETS: | 16,615 | 14,726 | 14,939 | 21,551 | 20,120 | 23,970 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,516 | 2,310 | 1,988 | 2,204 | 1,982 | 1,511 | |||
| Other undisclosed accounts payable and accrued liabilities | 1,516 | 2,310 | 1,988 | 2,204 | 1,982 | 1,511 | |||
| Deferred revenue | 333 | 250 | 730 | 623 | ✕ | ✕ | |||
| Debt | 277 | 863 | 1,181 | 9 | |||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 973 | ✕ | ||
| Other undisclosed current liabilities | 863 | 1,306 | 1,261 | 612 | |||||
| Total current liabilities: | 2,989 | 3,866 | 4,842 | 4,008 | 2,964 | 2,123 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 588 | 2,199 | 3,180 | 47 | |||||
| Long-term debt, excluding current maturities | 248 | 47 | |||||||
| Finance lease, liability | ✕ | ✕ | |||||||
| Liabilities, other than long-term debt | 6,518 | ||||||||
| Operating lease, liability | 6,518 | 588 | 1,951 | 3,180 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (588) | (1,951) | |||||||
| Total noncurrent liabilities: | 6,518 | 588 | 2,199 | 3,180 | 47 | ||||
| Total liabilities: | 9,507 | 4,454 | 7,041 | 7,188 | 3,011 | 2,123 | |||
| Equity | |||||||||
| Equity, attributable to parent | 7,108 | 10,272 | 7,898 | 14,363 | 17,109 | 21,847 | |||
| Common stock | 16 | 16 | 16 | 16 | 16 | 15 | |||
| Treasury stock, value | (3,135) | (2,809) | (2,809) | (2,284) | (2,062) | (2,040) | |||
| Additional paid in capital | 73,776 | 73,686 | 73,638 | 73,521 | 73,271 | 73,246 | |||
| Accumulated deficit | (63,549) | (60,621) | (62,947) | (56,890) | (54,116) | (49,374) | |||
| Total equity: | 7,108 | 10,272 | 7,898 | 14,363 | 17,109 | 21,847 | |||
| TOTAL LIABILITIES AND EQUITY: | 16,615 | 14,726 | 14,939 | 21,551 | 20,120 | 23,970 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,977 | 17,233 | 12,977 | 18,915 | 16,175 | 19,478 | ||
| Other income | 55 | 2,869 | ||||||
| Cost of revenue | (8,292) | (10,733) | (8,062) | (12,118) | (11,393) | (9,854) | ||
| Cost of goods and services sold | (7,796) | (7,232) | (11,013) | (9,803) | (10,931) | |||
| Other undisclosed gross profit | (663) | (1,077) | ||||||
| Gross profit: | 4,685 | 5,837 | 4,915 | 6,797 | 4,782 | 8,547 | ||
| Operating expenses | (7,693) | (6,180) | (10,952) | (9,598) | (9,990) | (9,384) | ||
| Operating loss: | (3,008) | (343) | (6,037) | (2,801) | (5,208) | (837) | ||
| Nonoperating income (expense) | 80 | 2,781 | (7) | 19 | 474 | 726 | ||
| Other nonoperating income (expense) | (7) | 474 | 726 | |||||
| Interest and debt expense | (15) | (12) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (2,943) | 2,426 | (6,044) | (2,782) | (4,734) | (111) | ||
| Other undisclosed income from continuing operations before income taxes | 15 | |||||||
| Income (loss) from continuing operations before income taxes: | (2,928) | 2,426 | (6,044) | (2,782) | (4,734) | (111) | ||
| Income tax expense (benefit) | (112) | (13) | 8 | (8) | (5) | |||
| Income (loss) from continuing operations: | (2,928) | 2,314 | (6,057) | (2,774) | (4,742) | (116) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 2,314 | (6,057) | (2,774) | (4,742) | (116) | |
| Other undisclosed net income (loss) | 124 | |||||||
| Net income (loss): | (2,928) | 2,438 | (6,057) | (2,774) | (4,742) | (116) | ||
| Other undisclosed net income (loss) attributable to parent | (112) | |||||||
| Net income (loss) available to common stockholders, diluted: | (2,928) | 2,326 | (6,057) | (2,774) | (4,742) | (116) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,928) | 2,438 | (6,057) | (2,774) | (4,742) | (116) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,928) | 2,438 | (6,057) | (2,774) | (4,742) | (116) | ||
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.