iSun, Inc. (ISUN) Financial Statements (2024 and earlier)

Company Profile

Business Address 400 AVE D
WILLISTON, VT 05495
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,4552,242699963125
Cash and cash equivalents5,4552,242699963125
Receivables8,78314,3376,2167,295  
Inventory, net of allowances, customer advances and progress billings2,5362,480    
Inventory2,5362,480    
Contract with customer, asset, after allowance for credit loss 7,3244,0041,3551,272 
Other current assets1,6251,071215201  
Other undisclosed current assets    1814
Total current assets:25,72324,1348,4858,8644940
Noncurrent Assets
Operating lease, right-of-use asset6,960   
Property, plant and equipment8,44011,0426,1206,667  
Long-term investments and receivables12,29012,691    
Long-term investments12,29012,691    
Intangible assets, net (including goodwill)14,03855,814    
Goodwill  36,907    
Intangible assets, net (excluding goodwill)14,03818,906    
Asset, held-in-trust     8,10241,019
Other noncurrent assets30475,019141  
Total noncurrent assets:41,75879,59411,1386,8088,10241,019
TOTAL ASSETS:67,481103,72819,62315,6728,15141,059
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,80920,8164,2584,394678610
Accounts payable12,94113,1874,0864,275315324
Accrued liabilities5,8687,628172119364285
Deferred revenue5,4192,3891,140126
Debt5,3746,6941,5551,923  
Deferred compensation liability31312928780 
Due to related parties  243432,0561,537
Other undisclosed current liabilities5884,4681,2361,688  
Total current liabilities:30,22134,3988,2428,5023,5152,146
Noncurrent Liabilities
Long-term debt and lease obligation8,2265,1491,7011,966  
Long-term debt, excluding current maturities8,2265,1491,7011,966  
Liabilities, other than long-term debt9,7374,3231,7981,187 780
Deferred compensation liability, classified  286389 780
Deferred income tax liabilities  7726111,098
Other liabilities3,0263,375    
Operating lease, liability6,711   
Derivative instruments and hedges, liabilities 1481,124   
Other undisclosed noncurrent liabilities 10     
Total noncurrent liabilities:17,9739,4723,4993,153 780
Total liabilities:48,19443,87011,74111,6553,5152,926
Equity
Equity, attributable to parent19,28759,8587,8824,0174,6365,000
Preferred stock   0   
Common stock211100
Additional paid in capital74,07060,8632,5774125,8956,227
Retained earnings (accumulated deficit)(54,785)(1,006)5,3043,604(1,259)(1,228)
Other undisclosed equity      33,133
Total equity:19,28759,8587,8824,0174,63638,133
TOTAL LIABILITIES AND EQUITY:67,481103,72819,62315,6728,15141,059

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues76,45345,31221,0521,070  
Cost of revenue
(Cost of Goods and Services Sold)
(60,481)(38,920)(18,709)(24,050)  
Other undisclosed gross profit    27,152  
Gross profit:15,9726,3912,3434,171  
Operating expenses(71,378)(17,006)(4,029)(3,250)(839)(747)
Operating income (loss):(55,406)(10,614)(1,685)921(839)(747)
Nonoperating income (expense)(366)976(976) 929217
Investment income, nonoperating138976(976) 229217
Other nonoperating income (expense)(504)   700 
Interest and debt expense1,2411,4821,194(244)(121)(54)
Income (loss) from continuing operations before equity method investments, income taxes:(54,531)(8,156)(1,467)677(31)(584)
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(54,531)(8,156)(1,467)677(31)(584)
Income tax expense (benefit)7521,915487(1,105)  
Loss from continuing operations:(53,779)(6,241)(980)(428)(31)(584)
Loss before gain (loss) on sale of properties:(6,241)(980)(428)(31)(584)
Net loss attributable to parent:(53,779)(6,241)(980)(428)(31)(584)
Preferred stock dividends and other adjustments  (70)(276)   
Net loss available to common stockholders, diluted:(53,779)(6,311)(1,256)(428)(31)(584)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(53,779)(6,241)(980)(428)(31)(584)
Comprehensive loss, net of tax, attributable to parent:(53,779)(6,241)(980)(428)(31)(584)

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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