Intevac, Inc. (IVAC) Financial Statements (2024 and earlier)

Company Profile

Business Address 3560 BASSETT STREET
SANTA CLARA, CA 95054
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3559 - Special Industry Machinery, Not Elsewhere Classified (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 investments94,445112,94944,18036,48734,79135,639
Cash and cash equivalents68,904102,72829,34119,76718,71519,941
Short-term investments25,54110,22114,83916,72016,07615,698
Receivables15,82314,26128,64628,61927,71720,474
Inventory, net of allowances, customer advances and progress billings30,0035,79121,68924,90730,59733,792
Inventory30,0035,79121,68924,90730,59733,792
Other undisclosed inventory, net of allowances, customer advances and progress billings      
Other current assets   1,0937521,3411,001
Other undisclosed current assets1,8981,8278007521,1871,523
Total current assets:142,169134,82896,40891,51795,63392,429
Noncurrent Assets
Operating lease, right-of-use asset3,3904,5208,16510,279
Nontrade receivables    78157 
Property, plant and equipment3,6584,75911,00411,59811,19812,478
Long-term investments and receivables17,5857,4275,3885,5374,3726,849
Long-term investments17,5857,4275,3885,5374,3726,849
Intangible assets, net (including goodwill)1,090  2748891,503
Intangible assets, net (excluding goodwill)1,090  2748891,503
Prepaid expense 25139151   
Deposits noncurrent assets     723743
Restricted cash and investments7867867877871,1691,000
Deferred income tax assets 4,3565,3105,335 
Deferred tax assets, net7,9134
Other undisclosed noncurrent assets   6,2521617
Total noncurrent assets:30,89022,94130,83034,80526,43722,594
TOTAL ASSETS:173,059157,769127,238126,322122,070115,023
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,04014,49015,53614,28015,69418,455
Employee-related liabilities5,5057,6796,4884,6896,818
Accounts payable11,6105,3204,2594,1996,0533,949
Accrued liabilities5,4303,6653,5983,5934,9527,688
Deferred revenue    
Debt 99109843,036423 
Customer advances and deposits11,026
Other undisclosed current liabilities8,8365,1172,8023,49513,891 
Total current liabilities:25,97519,71618,42220,81130,00829,481
Noncurrent Liabilities
Long-term debt and lease obligation:  3,6756,8039,532  
Liabilities, other than long-term debt23,6323634571862,4382,879
Deferred revenue22,215   
Other liabilities 3634571862,4382,879
Operating lease, liability1,4173,6756,8039,532
Total noncurrent liabilities:23,6324,0387,2609,7182,4382,879
Total liabilities:49,60723,75425,68230,52932,44632,360
Equity
Equity, attributable to parent123,452134,015101,55695,79389,62482,663
Common stock262524232322
Treasury stock, value(29,551)(29,551)(29,551)(29,158)(29,047)(28,489)
Additional paid in capital206,355199,073193,173188,290183,204177,521
Accumulated other comprehensive income (loss)(193)578640424378490
Accumulated deficit(53,185)(36,110)(62,730)(63,786)(64,934)(66,881)
Total equity:123,452134,015101,55695,79389,62482,663
TOTAL LIABILITIES AND EQUITY:173,059157,769127,238126,322122,070115,023

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
Revenues35,76138,52497,824108,88595,114112,847
Revenue, net112,847
Cost of revenue
(Cost of Goods and Services Sold)
(20,675)(31,457)(57,279)(68,017)(62,420)(67,184)
Gross profit:15,0867,06740,54540,86832,69445,663
Operating expenses(31,598)(29,543)(37,990)(36,943)(36,911)(40,815)
Operating income (loss):(16,512)(22,476)2,5553,925(4,217)4,848
Nonoperating income (expense)1,085(6)212582622373
Investment income, nonoperating 1,24029284574516291
Other nonoperating income (expense) (155)(35)(72)810682
Income (loss) from continuing operations before equity method investments, income taxes:(15,427)(22,482)2,7674,507(3,595)5,221
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(15,427)(22,482)2,7674,507(3,595)5,221
Income tax expense (benefit)(1,327)(575)(1,711)(3,359)7,176(1,103)
Income (loss) from continuing operations:(16,754)(23,057)1,0561,1483,5814,118
Income before gain (loss) on sale of properties:26,6201,0561,1483,5814,118
Income (loss) from discontinued operations(321)49,677    
Net income (loss) available to common stockholders, diluted:(17,075)26,6201,0561,1483,5814,118

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 income (loss):(17,075)26,6201,0561,1483,5814,118
Other comprehensive income (loss)(771)(62)21646(112)169
Comprehensive income (loss), net of tax, attributable to parent:(17,846)26,5581,2721,1943,4694,287

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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