Insignia Systems, Inc. (ISIG) financial statements (2023 and earlier)

Company profile

Business Address 212 THIRD AVE N
MINNEAPOLIS, MN 55401
State of Incorp. MN
Fiscal Year End December 31
SIC 731 - Advertising (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,7667,1287,51010,1604,69512,267
Cash and cash equivalents3,7667,1287,51010,1604,69512,267
Restricted cash and investments85     
Receivables256,0987,6858,89012,22410,654
Inventory, net of allowances, customer advances and progress billings1985322353301325
Inventory1985322353301325
Deferred costs867     
Other undisclosed current assets5,592711375306415689
Total current assets:10,35414,02215,89219,70917,63523,935
Noncurrent Assets
Operating lease, right-of-use asset18337177
Property, plant and equipment113755493,2682,6702,430
Other noncurrent assets 1553729761,3831,863
Total noncurrent assets:2962671,0984,2444,0534,293
TOTAL ASSETS:10,65014,28916,99023,95321,68828,228
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9695,2303,6064,0353,89911,261
Accounts payable2,5393,1483,0363,3343,2322,530
Accrued liabilities1,4301,071570701667498
Taxes payable 1,011    
Interest and dividends payable     8,233
Deferred revenue842180140
Debt 464212   
Deferred compensation liability4644245392,0211,531762
Deferred revenue and credits37262
Other undisclosed current liabilities1,36356 302  
Total current liabilities:6,6386,3544,4976,3585,80212,085
Noncurrent Liabilities
Long-term debt and lease obligation10859056   
Long-term debt, excluding current maturities 590    
Operating lease, liability108 56
Liabilities, other than long-term debt7116776431,2751,0451,034
Deferred revenue and credits219275
Deferred rent credit   158
Deferred tax liabilities, net504245205
Liability for uncertainty in income taxes711677643613581554
Total noncurrent liabilities:8191,2676991,2751,0451,034
Total liabilities:7,4577,6215,1967,6336,84713,119
Stockholders' equity
Stockholders' equity attributable to parent3,1936,66811,79416,32014,84115,109
Common stock18122121118119117
Additional paid in capital16,29616,13315,93415,44215,36114,992
Retained earnings (accumulated deficit)(13,121)(9,587)(4,261)760(639) 
Total stockholders' equity:3,1936,66811,79416,32014,84115,109
TOTAL LIABILITIES AND EQUITY:10,65014,28916,99023,95321,68828,228

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues19,50317,48221,95433,23626,43024,912
Revenue, net26,43024,912
Cost of revenue(16,273)(14,467)(17,193)(20,675)(18,029)(17,849)
Cost of goods and services sold(16,273)(14,626)(17,193)(20,675)(18,029)(17,849)
Other undisclosed gross profit (159)    
Gross profit:3,2302,8564,76112,5618,4017,063
Operating expenses(8,021)(7,695)(10,390)(10,729)(9,309)(9,139)
Operating income (loss):(4,791)(4,839)(5,629)1,832(908)(2,076)
Nonoperating income (expense) 3314251(1)(24)
Interest and debt expense(1,062)     
Income (loss) from continuing operations before equity method investments, income taxes:(5,853)(4,806)(5,487)1,883(909)(2,100)
Other undisclosed income from continuing operations before income taxes6,126     
Income (loss) from continuing operations before income taxes:273(4,806)(5,487)1,883(909)(2,100)
Income tax expense (benefit)(42)191466(484)270814
Net income (loss):231(4,615)(5,021)1,399(639)(1,286)
Other undisclosed net loss attributable to parent(3,765)     
Net income (loss) available to common stockholders, diluted:(3,534)(4,615)(5,021)1,399(639)(1,286)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):231(4,615)(5,021)1,399(639)(1,286)
Other comprehensive income     11
Comprehensive income (loss), net of tax, attributable to parent:231(4,615)(5,021)1,399(639)(1,275)

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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