Elite Pharmaceuticals Inc (ELTP) financial statements (2022 and earlier)

Company profile

Business Address 165 LUDLOW AVENUE
NORTHVALE, NJ 07647
State of Incorp. NJ
Fiscal Year End March 31
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,2883,1931,1322,2787,17910,59511,512
Cash and cash equivalents7,2883,1931,1322,2787,17910,59511,512
Receivables2,6613,4964,1071,3226769341,530
Inventory, net of allowances, customer advances and progress billings6,6945,0134,1424,5164,8986,4163,294
Inventory6,6945,0134,1424,5164,8986,4163,294
Deferred costs      204
Other undisclosed current assets831493870741949468173
Total current assets:17,47512,19510,2518,85713,70218,41316,714
Noncurrent Assets
Operating lease, right-of-use asset1,082215363
Property, plant and equipment5,9866,6497,2288,4448,9949,0398,111
Intangible assets, net (including goodwill)6,6346,6346,6346,6347,7136,4196,412
Intangible assets, net (excluding goodwill)6,6346,6346,6346,6347,7136,4196,412
Restricted cash and investments770497     
Other noncurrent assets  480468473440642
Total noncurrent assets:14,47213,99514,70515,54517,18015,89815,165
TOTAL ASSETS:31,94726,18924,95724,40230,88334,31131,879
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,3405,2086,3995,0893,4471,8442,360
Accounts payable1,2849301,5781,3751,6581,0501,804
Accrued liabilities4,0264,2714,8213,7141,789795555
Interest and dividends payable298     
Deferred revenue1313180
Debt4004112,061654655487343
Due to related parties      718
Deferred revenue and credits1,0131,0131,013
Other undisclosed current liabilities124180 1,163  220
Total current liabilities:5,8785,8138,6406,9065,1153,3454,654
Noncurrent Liabilities
Long-term debt and lease obligation2,3671,7801,9682,1272,1312,1621,845
Long-term debt, excluding current maturities1,4331,7411,8002,1272,1312,1621,845
Operating lease, liability93439167
Liabilities, other than long-term debt91383941,2462,4932,2973,847
Deferred revenue and credits1,2522,2663,279
Deferred revenue364659
Due to related parties   1,2001,200  
Other liabilities383835464132568
Derivative instruments and hedges, liabilities839      
Other undisclosed noncurrent liabilities 2,3623,5992,7272,66884310,369
Total noncurrent liabilities:3,2794,2255,6616,1007,2925,30216,061
Total liabilities:9,15710,03814,30113,00612,4078,64720,715
Temporary equity, carrying amount   13,904  44,286
Stockholders' equity
Stockholders' equity attributable to parent22,79016,15210,656(2,508)4,57225,664(33,122)
Preferred stock  13,904    
Common stock1,0111,009841825803928712
Treasury stock, value(307)(307)(307)(307)(307)(307)(307)
Additional paid in capital164,573164,407150,265148,780146,603163,896109,138
Accumulated deficit(142,488)(148,958)(154,046)(151,806)(142,527)(138,854)(142,665)
Other undisclosed stockholders' equity    13,904  
Total stockholders' equity:22,79016,15210,656(2,508)18,47625,664(33,122)
TOTAL LIABILITIES AND EQUITY:31,94726,18924,95724,40230,88334,31131,879

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues36,92125,38117,9957,5697,4599,63812,498
Revenue, net7,4599,63812,498
Cost of revenue(19,234)(13,514)(10,016)(4,701)(3,511)(5,898)(4,484)
Gross profit:17,68711,8677,9792,8683,9483,7398,014
Operating expenses(10,452)(9,763)(10,264)(12,026)(12,999)(11,095)(16,331)
Operating income (loss):7,2352,105(2,285)(9,159)(9,051)(7,356)(8,317)
Nonoperating income (expense)5,7012,04047(797)4,3329,3007,113
Other nonoperating income (expense)5,2492,04047(797)4,3329,300 
Interest and debt expense(102)(260)(356)(369)(335)(238)(281)
Income (loss) from continuing operations before equity method investments, income taxes:12,8333,885(2,594)(10,325)(5,054)1,705(1,484)
Other undisclosed income from continuing operations before income taxes102260356369335238281
Income (loss) from continuing operations before income taxes:12,9354,145(2,238)(9,955)(4,719)1,944(1,203)
Income tax expense (benefit)(4)  6761,0461,868520
Income (loss) from continuing operations:12,9314,145(2,238)(9,279)(3,673)3,811(683)
Loss from discontinued operations   (629)   
Income (loss) before gain (loss) on sale of properties:12,9314,145(2,238)(9,908)(3,673)3,811(683)
Other undisclosed net loss  (2)    
Net income (loss):12,9314,145(2,240)(9,908)(3,673)3,811(683)
Other undisclosed net income attributable to parent1,803944 629   
Net income (loss) attributable to parent:14,7355,088(2,240)(9,279)(3,673)3,811(683)
Other undisclosed net income (loss) available to common stockholders, basic     20,714(9,286)
Net income (loss) available to common stockholders, basic:14,7355,088(2,240)(9,279)(3,673)24,525(9,969)
Dilutive securities, effect on basic earnings per share(908)      
Other undisclosed net income (loss) available to common stockholders, diluted(1) 1,112(180)(4,650)(30,239) 
Net income (loss) available to common stockholders, diluted:13,8265,088(1,129)(9,459)(8,323)(5,714)(9,969)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):12,9314,145(2,240)(9,908)(3,673)3,811(683)
Comprehensive income (loss), net of tax, attributable to parent:12,9314,145(2,240)(9,908)(3,673)3,811(683)

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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