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

Company profile

Business Address 4F, TEA TREE B BLDG, GUWU SANWEI IND PRK
SHENZHEN, GUANGDONG PROVINCE,, 518000
State of Incorp.
Fiscal Year End June 30
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5785101111877410
Cash and cash equivalents1,5785101111877410
Restricted cash and investments    195  
Receivables5,2043,7596364401,481(13)(18)
Inventory, net of allowances, customer advances and progress billings3,0093,37922753248 
Inventory3,0093,37922753248  
Advances on inventory purchases911293119   
Intangible current assets     110110
Other undisclosed current assets91787934611190(37)(62)
Total current assets:10,7988,6561,3248092,1896130
Noncurrent Assets
Operating lease, right-of-use asset23
Property, plant and equipment7,2077,509     
Long-term investments and receivables    167  
Long-term investments    167  
Intangible assets, net (including goodwill)1,4601,496   (21)(11)
Intangible assets, net (excluding goodwill)1,4601,496   (21)(11)
Other noncurrent assets     5484
Other undisclosed noncurrent assets2553  (167)2111
Total noncurrent assets:8,7159,058   5484
Other undisclosed assets 2     
TOTAL ASSETS:19,51317,7161,3248092,189115114
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6243,1013901918064432
Accounts payable3,4172,73226496774  
Accrued liabilities20736812695 4432
Taxes payable    32  
Deferred revenue104
Debt2,7682,618     
Derivative instruments and hedges, liabilities346      
Due to related parties2,0872,1052133241,131133109
Deferred revenue and credits   6030
Customer advances and deposits 72  
Contract with customer, liability114
Other liabilities    44  
Other undisclosed current liabilities  308160195 4
Total current liabilities:8,9297,9389117472,176238175
Noncurrent Liabilities
Long-term debt and lease obligation17      
Operating lease, liability17
Liabilities, other than long-term debt  15    
Deferred tax liabilities, net 15    
Total noncurrent liabilities:17 15    
Total liabilities:8,9457,9389267472,176238175
Stockholders' equity
Stockholders' equity attributable to parent10,1269,3353986213(122)(61)
Preferred stock11111  
Common stock111110101033
Additional paid in capital8,9348,8292372372371010
Accumulated other comprehensive income (loss)(207)(46)8(2)0  
Retained earnings (accumulated deficit)1,387540143(183)(235)(136)(74)
Stockholders' equity attributable to noncontrolling interest442442     
Total stockholders' equity:10,5689,7773986213(122)(61)
TOTAL LIABILITIES AND EQUITY:19,51317,7161,3248092,189115114

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues22,36112,3486,4236,8171,970 19
Cost of revenue(18,261)(10,153)(5,682)(6,483)(1,844)  
Cost of goods and services sold  (5,682)(6,483)   
Gross profit:4,1002,195741334126 19
Operating expenses(2,668)(1,579)(270)(313)(159)(62)(77)
Other operating expense, net
(Other Expenses)
     (7)(10)
Operating income (loss):1,43261647121(33)(69)(68)
Nonoperating income (expense)(163)(69) 70   
Other nonoperating income   70   
Interest and debt expense(327)(69)     
Income (loss) from continuing operations before equity method investments, income taxes:94347847191(33)(69)(68)
Other undisclosed income from continuing operations before income taxes32769     
Income (loss) from continuing operations before income taxes:1,26954747191(33)(69)(68)
Income tax expense(209)(150)(145)(30)(5) (5)
Income (loss) from continuing operations:1,06039732662(38)(69)(73)
Income (loss) from discontinued operations   40(7)  
Net income (loss):1,060397326101(44)(69)(73)
Other undisclosed net income (loss) attributable to parent   (50) 715
Net income (loss) available to common stockholders, diluted:1,06039732651(44)(62)(58)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):1,060397326101(44)(69)(73)
Comprehensive income (loss):1,060397326101(44)(69)(73)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(187)(54)10(53)0  
Comprehensive income (loss), net of tax, attributable to parent:87334333649(44)(69)(73)

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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