DSS, Inc. (DSS) financial statements (2022 and earlier)

Company profile

Business Address 6 FRAMARK DR.
VICTOR, NY 14564
State of Incorp. NY
Fiscal Year End December 31
SIC 265 - Paperboard Containers And Boxes (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
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 investments56,5955,2261,0962,3184,1895,8721,440
Cash and cash equivalents56,5955,2261,0962,3184,1895,8721,440
Restricted cash and investments   130256178293
Receivables11,9833,9104,2122,2182,0251,8912,097
Inventory, net of allowances, customer advances and progress billings10,3801,9551,7081,5641,6511,206938
Inventory10,3801,9551,7081,5641,6511,206938
Other undisclosed current assets3,4661,359460286261350314
Total current assets:82,42412,4507,4766,5158,3829,4975,082
Noncurrent Assets
Operating lease, right-of-use asset4981821,223
Property, plant and equipment17,6744,1465,0615,0144,8064,5745,004
Long-term investments and receivables, including:21,13021,907793325485  
Long-term investments15,25221,3702,154325485  
Accounts and financing receivable, after allowance for credit loss5,878537     
Other undisclosed long-term investments and receivables  (1,361)    
Intangible assets, net (including goodwill)56,63550,3184,3233,3353,67417,1815,471
Goodwill56,60626,8622,4542,4542,45415,2852,453
Intangible assets, net (excluding goodwill)2923,4561,8708811,2211,8963,018
Disposal group, including discontinued operation, noncurrent assets 744     
Other noncurrent assets48938450908346101
Other undisclosed noncurrent assets105,9761,7881,219  (12,832) 
Total noncurrent assets:202,40279,46912,6698,7659,0488,96910,575
TOTAL ASSETS:284,82691,91920,14515,28017,43118,46615,657
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,2541,4821,4922,4541,8343,5033,910
Accounts payable1,9201,4821,4921,3477292,2131,945
Accrued liabilities   1,1061,1061,2911,965
Employee-related liabilities11,992      
Settlement liabilities342      
Debt3,9162788387134,6121,2025,576
Disposal group, including discontinued operation 240     
Other liabilities4021,4353902,2562,9542,996 
Other undisclosed current liabilities9,2395,4371,435    
Total current liabilities:27,8118,8724,1565,4239,4007,7029,486
Noncurrent Liabilities
Long-term debt and lease obligation55,8311,9913,1351,7221,7345,2502,258
Long-term debt, excluding current maturities55,7111,9762,3101,7221,7345,2502,258
Operating lease, liability12015826
Liabilities, other than long-term debt8804,5115515601,5102,230226
Deferred tax liabilities, net16912646162
Deferred income tax liabilities 3,49944
Disposal group, including discontinued operation, liabilities 505     
Other liabilities8805075073911,3852,18564
Total noncurrent liabilities:56,7116,5023,6862,2823,2457,4802,484
Total liabilities:84,52215,3747,8427,70512,64515,18211,970
Stockholders' equity
Stockholders' equity attributable to parent163,89573,11512,3037,5744,7863,2843,687
Preferred stock 1     
Common stock1,5941167243493322701,038
Additional paid in capital294,685174,380114,860107,625106,634104,338103,042
Accumulated other comprehensive loss   (7)(23)(45)(64)
Accumulated deficit(132,384)(101,382)(103,281)(100,392)(101,857)(101,279)(100,329)
Stockholders' equity note, subscriptions receivable    (300) 
Stockholders' equity attributable to noncontrolling interest 3,430     
Other undisclosed stockholders' equity36,409      
Total stockholders' equity:200,30476,54512,3037,5744,7863,2843,687
TOTAL LIABILITIES AND EQUITY:284,82691,91920,14515,28017,43118,46615,657

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues20,2752,0852,1481,57518,66219,17817,505
Revenue, net17,02617,27715,701
Cost of revenue
(Cost of Goods and Services Sold)
  (12,602)(11,853)(11,009)(11,120)(10,665)
Gross profit:20,2752,085(10,454)(10,278)7,6538,0586,840
Operating expenses(41,684)(28,158)(22,290)(20,224)(18,888)(19,838)(31,588)
Other undisclosed operating income 15,32629,86428,79411,00911,12010,665
Operating loss:(21,409)(10,747)(2,880)(1,709)(226)(660)(14,083)
Nonoperating income (expense)(11,210)1    29
Investment income, nonoperating(12,035)      
Foreign currency transaction gain, before tax      29
Other nonoperating income8251     
Interest and debt expense116784(157)3,388(223)(279)(354)
Income (loss) from continuing operations before equity method investments, income taxes:(32,503)(9,962)(3,038)1,679(449)(939)(14,408)
Loss from equity method investments(9,939)      
Other undisclosed income (loss) from continuing operations before income taxes4,36011,27423(198)(150) 120
Income (loss) from continuing operations before income taxes:(38,082)1,312(3,015)1,482(599)(939)(14,287)
Income tax expense (benefit)4,032(1,774)125(17)21(11)(22)
Income (loss) from continuing operations:(34,050)(462)(2,889)1,465(578)(950)(14,309)
Income from discontinued operations2,129      
Net income (loss):(31,921)(462)(2,889)1,465(578)(950)(14,309)
Net income (loss) attributable to noncontrolling interest921(481)     
Other undisclosed net income attributable to parent 2,361     
Net income (loss) attributable to parent:(31,000)1,418(2,889)1,465(578)(950)(14,309)
Other undisclosed net income available to common stockholders, basic 481     
Net income (loss) available to common stockholders, basic:(31,000)1,899(2,889)1,465(578)(950)(14,309)
Dilutive securities, effect on basic earnings per share4      
Net income (loss) available to common stockholders, diluted:(30,996)1,899(2,889)1,465(578)(950)(14,309)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(31,921)(462)(2,889)1,465(578)(950)(14,309)
Other comprehensive income (loss)  7162218(3)
Comprehensive income (loss):(31,921)(462)(2,882)1,481(556)(932)(14,312)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest514(481)     
Other undisclosed comprehensive income, net of tax, attributable to parent 2,361     
Comprehensive income (loss), net of tax, attributable to parent:(31,407)1,418(2,882)1,481(556)(932)(14,312)

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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