ShiftPixy, Inc. (PIXY) financial statements (2022 and earlier)

Company profile

Business Address 1 VENTURE
IRVINE, CA 92618
State of Incorp. WY
Fiscal Year End August 31
SIC 7361 - Employment Agencies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1001,1994,3031,5611,6505,897
Cash and cash equivalents2,1001,1994,3031,5611,6505,897
Receivables400498308272111429
Prepaid expense9716057235195632,687
Deferred rent asset 168 15  
Disposal group, including discontinued operation2433561,030   
Other current assets1991267324425916
Other undisclosed current assets2,4132,7282,59611,4207,865 
Total current assets:6,3265,6809,03314,03110,4479,029
Noncurrent Assets
Property, plant and equipment3,0102,7845753,737 288
Long-term investments and receivables120,7294,0044,045   
Long-term investments116,725     
Accounts and financing receivable, after allowance for credit loss4,0044,0044,045   
Intangible assets, net (including goodwill)   3,3603,032 
Intangible assets, net (excluding goodwill)   3,3603,032 
Disposal group, including discontinued operation, noncurrent assets6278832,582   
Deferred costs38,493     
Other noncurrent assets944944449124  
Other undisclosed noncurrent assets24648,6477362,5442,322126
Total noncurrent assets:164,04957,2628,3879,7655,354415
TOTAL ASSETS:170,37562,94217,42023,79615,8029,443
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,22312,6345,75219,47310,7813,549
Accounts payable   3,0611,2461,160
Employee-related liabilities9,2237,8765,75216,4129,4772,388
Taxes payable 4,758    
Interest and dividends payable    58 
Debt   3,351  
Derivative instruments and hedges, liabilities   3,756  
Disposal group, including discontinued operation1,4141,5161,746   
Other liabilities   32,1875,456279
Other undisclosed current liabilities7,6692,4584,328(28,880)7,404 
Total current liabilities:18,30616,60811,82629,88723,6413,828
Noncurrent Liabilities
Liabilities, other than long-term debt4,9525,4114,3774,379901 
Accounts payable and accrued liabilities1,3211,646 4,379901 
Disposal group, including discontinued operation, liabilities3,6313,7654,377   
Other undisclosed noncurrent liabilities  1,2472,300  
Total noncurrent liabilities:4,9525,4115,6246,679901 
Total liabilities:23,25822,01917,45036,56624,5423,828
Temporary equity, carrying amount116,725     
Stockholders' equity
Stockholders' equity attributable to parent, including:(17,080)(6,549)(30)(12,770)(8,740)5,615
Common stock331433
Additional paid in capital140,968142,786119,43132,50117,23415,013
Accumulated deficit(158,051)(149,338)(119,462)(44,950)(25,977)(9,400)
Other undisclosed stockholders' equity attributable to parent   (325)  
Stockholders' equity attributable to noncontrolling interest47,47247,472    
Total stockholders' equity:30,39240,923(30)(12,770)(8,740)5,615
TOTAL LIABILITIES AND EQUITY:170,37562,94217,42023,79615,8029,443

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

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
Revenues29,55123,4208,64253,43634,95920,244
Cost of revenue(28,715)(23,098)(7,685)(41,046)(29,458)(16,552)
Cost of goods and services sold(16,490)     
Deferred sales inducement cost, amortization expense  (2,210)(5,607)  
Gross profit:83632295712,3905,5003,692
Operating expenses(34,225)(27,667)(22,535)(22,063)(20,572)(11,184)
Operating loss:(33,389)(27,345)(21,578)(9,673)(15,072)(7,492)
Nonoperating income (expense)3420(68,890)(9,054)  
Debt instrument, convertible, beneficial conversion feature   1,479  
Other nonoperating income (expense)525(68,890)10,800  
Interest and debt expense(1)(5)(4,117)4,580148 
Loss from continuing operations before equity method investments, income taxes:(33,356)(27,330)(94,585)(14,147)(14,924)(7,492)
Other undisclosed income from continuing operations before income taxes55    
Loss from continuing operations before income taxes:(33,351)(27,325)(94,585)(14,147)(14,924)(7,492)
Income tax expense (42) (5,159)  
Other undisclosed loss from continuing operations(42)     
Loss before gain (loss) on sale of properties:(33,393)(27,367)(94,585)(19,306)(14,924)(7,492)
Other undisclosed net income (loss)(1,272)(2,509)19,238579  
Net loss:(34,665)(29,876)(75,347)(18,727)(14,924)(7,492)
Other undisclosed net income (loss) attributable to parent26   (1,653) 
Net loss available to common stockholders, diluted:(34,639)(29,876)(75,347)(18,727)(16,576)(7,492)

Comprehensive Income ($ in thousands)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
Net loss:(34,665)(29,876)(75,347)(18,727)(14,924)(7,492)
Comprehensive loss, net of tax, attributable to parent:(34,665)(29,876)(75,347)(18,727)(14,924)(7,492)

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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