Passur Aerospace Inc (PSSR) financial statements (2021 and earlier)
Company profile
| Business Address |
ONE LANDMARK SQUARE STAMFORD, CT 06901 |
| State of Incorp. | NY |
| Fiscal Year End | October 31 |
| SIC | 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 1/31/2021 TTM | 10/31/2020 | 10/31/2019 | 10/31/2018 | 10/31/2017 | 10/31/2016 | 10/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,915 | 2,748 | 145 | 101 | 275 | 1,524 | 926 | ||
| Cash and cash equivalents | 1,915 | 2,748 | 145 | 101 | 275 | 1,524 | 926 | ||
| Receivables | 526 | 609 | 1,041 | 1,187 | |||||
| Other undisclosed current assets | 278 | 216 | 349 | 199 | 1,611 | 1,710 | 1,945 | ||
| Total current assets: | 2,719 | 3,573 | 1,536 | 1,487 | 1,886 | 3,233 | 2,870 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 205 | 233 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 194 | 258 | 552 | 673 | 852 | 1,187 | 1,354 | ||
| Other noncurrent assets | 53 | 53 | 92 | 113 | |||||
| Other undisclosed noncurrent assets | 1,102 | 1,223 | 12,268 | 12,942 | 15,067 | 15,463 | 15,486 | ||
| Total noncurrent assets: | 1,554 | 1,767 | 12,912 | 13,727 | 15,920 | 16,650 | 16,839 | ||
| TOTAL ASSETS: | 4,273 | 5,340 | 14,447 | 15,214 | 17,806 | 19,883 | 19,709 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,919 | 721 | 2,320 | 2,483 | 1,914 | 1,150 | 1,765 | ||
| Accounts payable | 1,244 | 1,487 | 1,531 | 990 | 984 | 356 | 881 | ||
| Accrued liabilities | 674 | 1,934 | 789 | 1,189 | 365 | 281 | 256 | ||
| Employee-related liabilities | 243 | 304 | 565 | 513 | 628 | ||||
| Other undisclosed accounts payable and accrued liabilities | (2,943) | ||||||||
| Deferred revenue | 1,187 | 1,174 | 2,863 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 2,825 | 3,140 | 2,680 | ||
| Other undisclosed current liabilities | 1,138 | 3,590 | 2,543 | 343 | 142 | 94 | |||
| Total current liabilities: | 4,244 | 5,484 | 5,184 | 5,027 | 5,082 | 4,433 | 4,539 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 229 | 272 | |||||||
| Operating lease, liability | 229 | 272 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 10,975 | 10,941 | 8,808 | 6,163 | 3,800 | 2,700 | 3,697 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 197 | ||||
| Deferred revenue | 283 | 250 | 378 | ✕ | ✕ | ✕ | ✕ | ||
| Due to related parties | 10,692 | 10,692 | 8,350 | 6,050 | 3,800 | 2,700 | 3,500 | ||
| Other liabilities | 80 | 113 | |||||||
| Other undisclosed noncurrent liabilities | 410 | 471 | 423 | ||||||
| Total noncurrent liabilities: | 11,204 | 11,213 | 8,808 | 6,573 | 4,271 | 3,123 | 3,697 | ||
| Total liabilities: | 15,448 | 16,698 | 13,992 | 11,600 | 9,353 | 7,556 | 8,236 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (11,175) | (11,358) | 456 | 3,614 | 8,453 | 12,327 | 11,473 | ||
| Common stock | 85 | 85 | 85 | 85 | 85 | 85 | 84 | ||
| Treasury stock, value | (1,934) | (1,934) | (1,934) | (1,934) | (1,934) | (1,895) | (1,895) | ||
| Additional paid in capital | 18,495 | 18,448 | 17,958 | 17,345 | 16,699 | 16,083 | 15,664 | ||
| Accumulated deficit | (27,822) | (27,957) | (15,654) | (11,882) | (6,398) | (1,945) | (2,380) | ||
| Total stockholders' equity: | (11,175) | (11,358) | 456 | 3,614 | 8,453 | 12,327 | 11,473 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,273 | 5,340 | 14,447 | 15,214 | 17,806 | 19,883 | 19,709 | ||
Income statement (P&L) ($ in thousands)
| 1/31/2021 TTM | 10/31/2020 | 10/31/2019 | 10/31/2018 | 10/31/2017 | 10/31/2016 | 10/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,001 | 11,529 | 15,046 | 14,818 | 13,871 | 14,892 | 12,538 | |
| Cost of revenue | (4,471) | (6,187) | (8,368) | (10,481) | (6,450) | (6,377) | (5,433) | |
| Gross profit: | 4,530 | 5,341 | 6,678 | 4,337 | 7,422 | 8,515 | 7,105 | |
| Operating expenses | (19,596) | (22,866) | (18,178) | (19,963) | (15,254) | |||
| Other undisclosed operating income (loss) | 4,471 | 6,187 | 8,368 | 10,481 | 6,450 | (7,307) | (6,203) | |
| Operating income (loss): | (10,594) | (11,338) | (3,132) | (5,145) | (1,383) | 1,208 | 902 | |
| Interest and debt expense | (963) | (907) | (716) | (336) | (171) | (183) | (225) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (11,557) | (12,244) | (3,848) | (5,481) | (1,554) | 1,025 | 677 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (23) | (23) | 1 | (5) | ||||
| Income (loss) from continuing operations before income taxes: | (11,580) | (12,267) | (3,848) | (5,480) | (1,559) | 1,025 | 677 | |
| Income tax expense (benefit) | (5) | (37) | 10 | (5) | (1,962) | (590) | (398) | |
| Net income (loss) available to common stockholders, basic: | (11,585) | (12,304) | (3,837) | (5,484) | (3,520) | 435 | 279 | |
| Dilutive securities, effect on basic earnings per share | 51 | 127 | ||||||
| Net income (loss) available to common stockholders, diluted: | (11,585) | (12,304) | (3,837) | (5,484) | (3,520) | 486 | 406 | |
Comprehensive Income ($ in thousands)
| 1/31/2021 TTM | 10/31/2020 | 10/31/2019 | 10/31/2018 | 10/31/2017 | 10/31/2016 | 10/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (11,585) | (12,304) | (3,837) | (5,484) | (3,520) | 435 | 279 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (11,585) | (12,304) | (3,837) | (5,484) | (3,520) | 435 | 279 | |
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.