Ionix Technology, Inc. (IINX) financial statements (2021 and earlier)

Company profile

Business Address RM 608, BLOCK B, TIMES SQUARE
DALIAN CITY, LIAONING PROVINCE, 116001
State of Incorp.
Fiscal Year End June 30
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1211,285510111187741
Cash and cash equivalents1,1211,285510111187741
Restricted cash and investments     195 
Receivables353,3993,7596364401,481(13)
Inventory, net of allowances, customer advances and progress billings3,5653,2643,37922753248 
Inventory3,5653,2643,37922753248 
Advances on inventory purchases6585401293119  
Intangible current assets      110
Other undisclosed current assets4,15067887934611190(37)
Total current assets:9,5309,1668,6561,3248092,18961
Noncurrent Assets
Property, plant and equipment7,0016,5747,509    
Long-term investments and receivables     167 
Long-term investments     167 
Intangible assets, net (including goodwill)1,5091,4241,496   (21)
Intangible assets, net (excluding goodwill)1,5091,4241,496   (21)
Deferred income tax assets4821
Other noncurrent assets      54
Other undisclosed noncurrent assets  53  (167)21
Total noncurrent assets:8,5588,0199,058   54
Other undisclosed assets  2    
TOTAL ASSETS:18,08717,18517,7161,3248092,189115
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5112,9973,10139019180644
Accounts payable2,4562,6382,73226496774 
Accrued liabilities5536036812695 44
Taxes payable     32 
Deferred revenue20743
Debt1,6822,5492,618    
Derivative instruments and hedges, liabilities 276     
Due to related parties2,5361,7172,1052133241,131133
Deferred revenue and credits   60
Customer advances and deposits 72  
Contract with customer, liability114
Other liabilities     44 
Other undisclosed current liabilities187  308160195 
Total current liabilities:7,1227,5837,9389117472,176238
Noncurrent Liabilities
Liabilities, other than long-term debt   15   
Deferred tax liabilities, net 15   
Total noncurrent liabilities:   15   
Total liabilities:7,1227,5837,9389267472,176238
Stockholders' equity
Stockholders' equity attributable to parent10,5239,1619,3353986213(122)
Preferred stock111111 
Common stock1611111010103
Additional paid in capital10,5959,2448,82923723723710
Accumulated other comprehensive income (loss)538(357)(46)8(2)0 
Retained earnings (accumulated deficit)(626)262540143(183)(235)(136)
Stockholders' equity attributable to noncontrolling interest442442442    
Total stockholders' equity:10,9659,6039,7773986213(122)
TOTAL LIABILITIES AND EQUITY:18,08717,18517,7161,3248092,189115

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues11,70720,59912,3486,4236,8171,970 
Cost of revenue(10,432)(17,506)(10,153)(5,682)(6,483)(1,844) 
Cost of goods and services sold   (5,682)(6,483)  
Gross profit:1,2753,0932,195741334126 
Operating expenses(2,292)(2,743)(1,579)(270)(313)(159)(62)
Other operating expense, net
(Other Expenses)
      (7)
Operating income (loss):(1,017)35061647121(33)(69)
Nonoperating income (expense)(1,030)(455)(69) 70  
Other nonoperating income    70  
Interest and debt expense157(46)(69)    
Income (loss) from continuing operations before equity method investments, income taxes:(1,891)(151)47847191(33)(69)
Other undisclosed income (loss) from continuing operations before income taxes(157)4669    
Income (loss) from continuing operations before income taxes:(2,047)(105)54747191(33)(69)
Income tax expense (benefit)34(173)(150)(145)(30)(5) 
Income (loss) from continuing operations:(2,013)(278)39732662(38)(69)
Income (loss) from discontinued operations    40(7) 
Net income (loss):(2,013)(278)397326101(44)(69)
Other undisclosed net income (loss) attributable to parent    (50) 7
Net income (loss) available to common stockholders, diluted:(2,013)(278)39732651(44)(62)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(2,013)(278)397326101(44)(69)
Comprehensive income (loss):(2,013)(278)397326101(44)(69)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent745(311)(54)10(53)0 
Comprehensive income (loss), net of tax, attributable to parent:(1,268)(589)34333649(44)(69)

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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