Galaxy Next Generation, Inc. (GAXY) Financial Statements (2024 and earlier)

Company Profile

Business Address 285 BIG A ROAD
TOCCOA, GA 30577
State of Incorp.
Fiscal Year End June 30
Industry (SIC) 783 - Motion Picture Theaters (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2023
MRQ
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2130154241216931
Cash and cash equivalents2130154241216931
Receivables892453866798262 
Inventory, net of allowances, customer advances and progress billings1,2191,0023,268738649 
Inventory1,2191,0023,268738649 
Prepaid expense   4321 
Other current assets44   14
Total current assets:2,1361,7604,6791,9511,10145
Noncurrent Assets
Operating lease, right-of-use asset150180208224
Property, plant and equipment3293498752 4,335
Intangible assets, net (including goodwill), including:1,3111,4431,5171,436834 
Goodwill834834834834834 
Intangible assets, net (excluding goodwill)1,3111,4811,5171,436  
Other undisclosed intangible assets, net (including goodwill)(834)(872)(834)(834)  
Other undisclosed noncurrent assets834834834834  
Total noncurrent assets:2,6242,8062,6462,5478344,335
Other undisclosed assets     2711
TOTAL ASSETS:4,7604,5657,3254,4981,9624,391
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,5021,7311,0442,0521,28896
Interest and dividends payable    502
Accounts payable9867388301,680691253
Accrued liabilities1,516993214372597 
Other undisclosed accounts payable and accrued liabilities      (660)
Deferred revenue6281754541,134247
Debt5,3554,0545,0154,6361,7101,606
Derivative instruments and hedges, liabilities74 1,8422471,026 
Due to related parties      149
Other undisclosed current liabilities    8942,125755
Total current liabilities:8,5585,9618,3558,9636,3962,606
Noncurrent Liabilities
Long-term debt and lease obligation 249 1,03024,489
Long-term debt, excluding current maturities 249 1,03024,489
Liabilities, other than long-term debt 1,172587 2,075 181
Due to related parties 1,172587 2,075 181
Other undisclosed noncurrent liabilities   405170175 
Total noncurrent liabilities:1,1728364053,2761764,671
Total liabilities:9,7306,7978,76012,2386,5727,277
Equity
Equity, attributable to parent, including:(4,970)(2,231)(1,435)(7,740)(4,610)(2,886)
Preferred stock   00  
Common stock325321281601192
Additional paid in capital53,36751,63046,21515,6974,8609,405
Accumulated deficit(58,662)(54,182)(47,931)(23,497)(9,471)(12,484)
Other undisclosed equity, attributable to parent00   0
Total equity:(4,970)(2,231)(1,435)(7,740)(4,610)(2,886)
TOTAL LIABILITIES AND EQUITY:4,7604,5657,3254,4981,9624,391

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

3/31/2023
TTM
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
12/31/2017
Revenues2,4013,9423,7742,3201,8821,128
Other operating income      (264)
Cost of revenue(2,122)(3,387)(2,077)(1,136)(1,766)(435)
Gross profit:2795541,6961,184116693
Operating expenses(5,882)(5,281)(7,869)(10,929)(3,421)(1,267)
Other undisclosed operating loss     (2,417) 
Operating loss:(5,603)(4,727)(6,172)(9,745)(5,723)(574)
Nonoperating expense(2,327)(1,524)(18,262)(4,281)(941)(304)
Investment income, nonoperating      (304)
Interest and debt expense(1,630)(814)(311)(5,114)(334)115
Loss from continuing operations before equity method investments, income taxes:(9,559)(7,065)(24,745)(19,140)(6,997)(763)
Other undisclosed income from continuing operations before income taxes1,6308143115,114334 
Loss from continuing operations before income taxes:(7,930)(6,251)(24,434)(14,026)(6,663)(763)
Income tax benefit      915
Income (loss) from continuing operations:(7,930)(6,251)(24,434)(14,026)(6,663)151
Income (loss) before gain (loss) on sale of properties:(5,003)(6,251)(24,434)(14,026)(6,663)151
Other undisclosed net loss      (915)
Net loss:(7,930)(6,251)(24,434)(14,026)(6,663)(763)
Other undisclosed net income attributable to parent 0     
Net loss available to common stockholders, diluted:(7,930)(6,251)(24,434)(14,026)(6,663)(763)

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
12/31/2017
Net loss:(7,930)(6,251)(24,434)(14,026)(6,663)(763)
Comprehensive loss, net of tax, attributable to parent:(7,930)(6,251)(24,434)(14,026)(6,663)(763)

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.

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