Ionix Technology, Inc. (IINX) financial statements (2022 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)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4127321,285510111187
Cash and cash equivalents1,4127321,285510111187
Receivables5095113,3993,759636440
Inventory, net of allowances, customer advances and progress billings4,7805,4543,2643,37922753
Inventory4,7805,4543,2643,37922753
Advances on inventory purchases5007825401293119
Other undisclosed current assets6,0475,41667887934611
Total current assets:13,24812,8959,1668,6561,324809
Noncurrent Assets
Property, plant and equipment6,6226,7926,5747,509  
Intangible assets, net (including goodwill)1,5121,5091,4241,496  
Intangible assets, net (excluding goodwill)1,5121,5091,4241,496  
Prepaid expense561491    
Deferred income tax assets515021
Other undisclosed noncurrent assets   53  
Total noncurrent assets:8,7468,8428,0199,058  
Other undisclosed assets   2  
TOTAL ASSETS:21,99321,73717,18517,7161,324809
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5105,0602,9973,101390191
Accounts payable3,2784,9432,6382,73226496
Accrued liabilities23211736036812695
Deferred revenue28433443
Debt1,5689052,5492,618  
Derivative instruments and hedges, liabilities  276   
Due to related parties3,0273,0541,7172,105213324
Customer advances and deposits 72
Contract with customer, liability114
Other undisclosed current liabilities780533  308160
Total current liabilities:9,1709,8867,5837,938911747
Noncurrent Liabilities
Liabilities, other than long-term debt    15 
Deferred tax liabilities, net 15 
Total noncurrent liabilities:    15 
Total liabilities:9,1709,8867,5837,938926747
Stockholders' equity
Stockholders' equity attributable to parent12,38211,4099,1619,33539862
Preferred stock111111
Common stock171611111010
Additional paid in capital12,22610,7879,2448,829237237
Accumulated other comprehensive income (loss)920750(357)(46)8(2)
Retained earnings (accumulated deficit)(782)(144)262540143(183)
Stockholders' equity attributable to noncontrolling interest442442442442  
Total stockholders' equity:12,82411,8519,6039,77739862
TOTAL LIABILITIES AND EQUITY:21,99321,73717,18517,7161,324809

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Revenues18,94614,32820,59912,3486,4236,817
Cost of revenue(15,697)(12,050)(17,506)(10,153)(5,682)(6,483)
Cost of goods and services sold    (5,682)(6,483)
Gross profit:3,2492,2783,0932,195741334
Operating expenses(2,315)(1,971)(2,743)(1,579)(270)(313)
Operating income:93430735061647121
Nonoperating income (expense)(298)(731)(455)(69) 70
Other nonoperating income     70
Interest and debt expense(135)203(46)(69)  
Income (loss) from continuing operations before equity method investments, income taxes:502(221)(151)47847191
Other undisclosed income (loss) from continuing operations before income taxes135(203)4669  
Income (loss) from continuing operations before income taxes:637(424)(105)54747191
Income tax expense (benefit)(10)17(173)(150)(145)(30)
Income (loss) from continuing operations:626(407)(278)39732662
Income from discontinued operations     40
Net income (loss):626(407)(278)397326101
Other undisclosed net loss attributable to parent(69)    (50)
Net income (loss) available to common stockholders, diluted:557(407)(278)39732651

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Net income (loss):626(407)(278)397326101
Other comprehensive income1,250700    
Comprehensive income (loss):1,876294(278)397326101
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(666)407(311)(54)10(53)
Comprehensive income (loss), net of tax, attributable to parent:1,210700(589)34333649

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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