Omnicomm Systems Inc (OMCM) financial statements (2022 and earlier)

Company profile

Business Address 2101 W COMMERCIAL BLVD.
FORT LAUDERDALE, FL 33309
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4411,1771,4398355231,161
Cash and cash equivalents1,4411,1771,4398355231,161
Receivables6,1757,4935,4554,0923,4161,600
Prepaid expense384297196170228147
Other current assets511351418 
Other undisclosed current assets  148176154 
Total current assets:8,0058,9787,2745,2884,3392,907
Noncurrent Assets
Property, plant and equipment1,360553638684468607
Intangible assets, net (including goodwill)73198109149801946
Goodwill    597676
Intangible assets, net (excluding goodwill)73198109149204270
Prepaid expense     169
Other noncurrent assets1324751   
Other undisclosed noncurrent assets  5919719683
Total noncurrent assets:2,2236978561,0291,4641,805
TOTAL ASSETS:10,2289,6758,1306,3175,8034,712
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,0702,5862,1231,9571,8942,541
Accounts payable8951,303697516614724
Accrued liabilities25118443210685 
Employee-related liabilities852926886473320260
Interest and dividends payable73173108863876 
Other undisclosed accounts payable and accrued liabilities     1,556
Debt1165050754,0753,538
Derivative instruments and hedges, liabilities  1,480   
Estimated litigation liability 113 963963963
Deferred revenue and credits7,5657,2507,0555,8412,866
Other undisclosed current liabilities8,4535,1275,7082,8169,639 
Total current liabilities:10,63815,44016,61112,86622,4129,907
Noncurrent Liabilities
Long-term debt and lease obligation3,5093,0733,0374,993813614
Long-term debt, excluding current maturities3,3343,0733,0374,993813614
Capital lease obligations175     
Liabilities, other than long-term debt 2,2352,6102,6788,7642,348
Deferred revenue and credits1,9522,2892,1932,3931,385
Estimated litigation liability  109465670963
Due to related parties 283212205,701 
Other undisclosed noncurrent liabilities7,7646,1207,0007,2009,590 
Total noncurrent liabilities:11,27411,42812,64714,87019,1662,963
Other undisclosed liabilities     23,303
Total liabilities:21,91226,86829,25827,73641,57836,173
Stockholders' equity
Stockholders' equity attributable to parent, including:(11,684)(17,193)(21,128)(21,418)(35,775)(31,461)
Common stock1551491481329290
Additional paid in capital57,23355,37954,42654,20542,35242,052
Accumulated other comprehensive loss(437)(397)(411)(366)(244)(88)
Accumulated deficit(68,636)(72,324)(75,291)(75,393)(77,979)(73,520)
Other undisclosed stockholders' equity attributable to parent000444
Total stockholders' equity:(11,684)(17,193)(21,128)(21,418)(35,775)(31,461)
TOTAL LIABILITIES AND EQUITY:10,2289,6758,1306,3175,8034,712

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues27,10426,98025,42020,71116,46114,332
Revenue, net26,06824,39420,02416,01813,888
Cost of revenue(4,902)(5,281)(5,375)(4,448)(3,971)(2,911)
Cost of goods and services sold(4,285)(5,281)(5,375)(4,448)(3,971)(2,911)
Gross profit:22,20221,69920,04516,26312,49111,421
Operating expenses(19,668)(18,165)(15,879)(15,011)(14,346)(11,898)
Other operating income (expense), net
(Other Expenses)
    (157)189
Other undisclosed operating income (loss)    157(189)
Operating income (loss):2,5343,5344,1651,252(1,855)(477)
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
(126)5(64)(71)(68)(5)
Interest and debt expense(406)(419)(422)(300)(224)(150)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes2,176(151)(3,576)1,680(2,331)(2,435)
Income (loss) from continuing operations before income taxes:4,1782,9681032,562(4,479)(3,067)
Income tax expense (benefit)(490)(1)(1)2520(94)
Net income (loss) attributable to parent:3,6882,9671022,586(4,459)(3,161)
Preferred stock dividends and other adjustments   (182)(206)(206)
Net income (loss) available to common stockholders, basic:3,6882,9671022,404(4,666)(3,368)
Dilutive securities, effect on basic earnings per share(280)5 43  
Net income (loss) available to common stockholders, diluted:3,4082,9721022,448(4,666)(3,368)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):3,6882,9671022,586(4,459)(3,161)
Other comprehensive income (loss)(39)13(44)(123)(156)(19)
Comprehensive income (loss):3,6492,980582,464(4,616)(3,180)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (182)(206)(206)
Comprehensive income (loss), net of tax, attributable to parent:3,6492,980582,282(4,822)(3,386)

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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