KushCo Holdings, Inc. (KSHB) financial statements (2023 and earlier)

Company profile

Business Address 6261 KATELLA AVE STE 250
State of Incorp. NV
Fiscal Year End August 31
SIC 308 - Miscellaneous Plastics Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments 3,94413,4679171,027
Cash and cash equivalents 3,94413,4679171,027
Inventory, net of allowances, customer advances and progress billings 43,76811,8143,7541,142
Inventory 43,76811,8143,7541,142
Prepaid expense    596
Intangible current assets   3,730 
Deferred tax assets (1,394) 
Other undisclosed current assets 38,18122,224985200
Total current assets: 85,89347,5057,9922,966
Noncurrent Assets
Property, plant and equipment 11,0544,135832274
Intangible assets, net (including goodwill) 55,37056,75534,2472,377
Goodwill 52,26752,26734,2472,377
Intangible assets, net (excluding goodwill) 3,1034,487  
Deposits noncurrent assets  250  
Other noncurrent assets 6,917   
Other undisclosed noncurrent assets  03,91112
Total noncurrent assets: 73,34161,14038,9902,662
TOTAL ASSETS: 159,234108,64546,9825,628
Current Liabilities
Accounts payable and accrued liabilities 17,3754,721  
Accounts payable 10,9072,822  
Accrued liabilities 1,936474  
Employee-related liabilities 3,485993  
Taxes payable 1,047432  
Debt 12,26198068920
Business combination, contingent consideration, liability  5,488  
Contract with customer, liability769
Other undisclosed current liabilities 2,9923413,853919
Total current liabilities: 32,62812,2984,543939
Noncurrent Liabilities
Long-term debt and lease obligation 18,975172  
Long-term debt, excluding current maturities 18,975172  
Liabilities, other than long-term debt 6,27714,536  
Deferred rent credit  106
Other liabilities 833   
Derivative instruments and hedges, liabilities 5,44414,430  
Other undisclosed noncurrent liabilities   1,45939
Total noncurrent liabilities: 25,25214,7081,45939
Total liabilities: 57,88027,0066,001978
Stockholders' equity
Stockholders' equity attributable to parent 101,35481,63840,9814,650
Common stock 90785948
Additional paid in capital 164,258104,91841,5295,278
Accumulated deficit (62,994)(23,358)(607)(677)
Other undisclosed stockholders' equity  (0)  
Total stockholders' equity: 101,35481,63840,9814,650
TOTAL LIABILITIES AND EQUITY: 159,234108,64546,9825,628

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

Revenues 148,95452,07518,7998,215
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit: 24,56813,3346,2032,679
Operating expenses (69,753)(39,856)(5,822)(2,595)
Other operating expense, net   (92)(13)
Operating income (loss): (45,185)(26,522)28972
Nonoperating income 5,676622  
Interest and debt expense (2,523)(276)720
Other undisclosed income from continuing operations before equity method investments, income taxes  276  
Income (loss) from continuing operations before equity method investments, income taxes: (42,032)(25,900)29592
Other undisclosed income from continuing operations before income taxes 2,5230  
Income (loss) from continuing operations before income taxes: (39,509)(25,900)29592
Income tax expense (benefit) (127)1,563(107)(10)
Income (loss) before gain (loss) on sale of properties: (39,636)(24,337)18883
Other undisclosed net loss    (11)
Net income (loss): (39,636)(24,337)18872
Other undisclosed net loss attributable to parent   (118) 
Net income (loss) attributable to parent: (39,636)(24,337)6972
Other undisclosed net loss available to common stockholders, basic (8,986)   
Net income (loss) available to common stockholders, basic: (48,622)(24,337)6972
Dilutive securities, effect on basic earnings per share (8,986)   
Net income (loss) available to common stockholders, diluted: (57,608)(24,337)6972

Comprehensive Income ($ in thousands)

Net income (loss): (39,636)(24,337)18872
Other comprehensive income   28972
Comprehensive income (loss), net of tax, attributable to parent: (39,636)(24,337)476143

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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