Qualstar Corporation (QBAK) financial statements (2020 and earlier)

Company profile

Business Address 1267 FLYNN ROAD
CAMARILLO, CA 93012
State of Incorp. CA
Fiscal Year End December 31
SIC 3695 - Magnetic And Optical Recording Media (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
6/30/2015
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8634,7814,6983,6914,6967,2258,271
Cash and cash equivalents3,8634,7814,6983,6914,6965,4621,966
Short-term investments     1,7636,305
Restricted cash and investments100100100100   
Receivables2,3661,8091,8021,5832,3211,4123,784
Inventory, net of allowances, customer advances and progress billings2,5402,8971,5641,3602,9483,1771,628
Inventory2,5402,8971,5641,3602,9483,1771,628
Other undisclosed current assets211180163166140241363
Total current assets:9,0809,7678,3276,90010,10512,05514,046
Noncurrent Assets
Operating lease, right-of-use asset676
Property, plant and equipment122112172286538663545
Long-term investments and receivables    4,696 5,546
Long-term investments    4,696 5,546
Other noncurrent assets1601196877416770
Other undisclosed noncurrent assets    (4,696)  
Total noncurrent assets:9582312403635797306,161
TOTAL ASSETS:10,0389,9988,5677,26310,68412,78520,207
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5891,7671,6921,4691,8873,1362,513
Accounts payable1,0291,0231,0658889139522,089
Accrued liabilities3685594543595781,862 
Employee-related liabilities192185173222396322424
Deferred revenue702
Debt252      
Liability for uncertainty in income taxes      17
Deferred revenue and credits8347878301,197953
Contract with customer, liability736
Other undisclosed current liabilities    (185)(688)1,962
Total current liabilities:2,5432,5032,5262,2562,5323,6455,445
Noncurrent Liabilities
Long-term debt and lease obligation453      
Operating lease, liability453
Liabilities, other than long-term debt2991671451682421717
Deferred revenue and credits93105225  
Deferred revenue247
Contract with customer, liability127
Other liabilities52405263171717
Total noncurrent liabilities:7521671451682421717
Total liabilities:3,2952,6702,6712,4242,7743,6625,462
Stockholders' equity
Stockholders' equity attributable to parent6,7437,3285,8964,8397,9109,12314,745
Common stock18,84819,42619,48019,06319,03918,94318,938
Accumulated other comprehensive income     14
Accumulated deficit(12,105)(12,098)(13,584)(14,224)(11,129)(9,821)(4,197)
Total stockholders' equity:6,7437,3285,8964,8397,9109,12314,745
TOTAL LIABILITIES AND EQUITY:10,0389,9988,5677,26310,68412,78520,207

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
6/30/2015
6/30/2014
6/30/2013
Revenues13,43912,22910,6419,41725,80410,94112,642
Revenue, net10,6419,41725,80410,94112,642
Cost of revenue
(Cost of Goods and Services Sold)
(9,916)(7,184)(6,392)(6,824)(8,187)(10,553)(9,827)
Other undisclosed gross profit    (13,245)2,203640
Gross profit:3,5235,0454,2492,5934,3722,5913,455
Operating expenses(3,593)(3,555)(3,592)(3,806)(5,661)(8,239)(13,866)
Operating income (loss):(70)1,490657(1,213)(1,289)(5,648)(10,411)
Nonoperating income (expense)45  3(30)26(54)
Investment income, nonoperating    (11)2(54)
Other nonoperating income (expense)45  3(19)24 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    11(2)102
Income (loss) from continuing operations before income taxes:(25)1,490657(1,210)(1,308)(5,624)(10,363)
Income tax expense (benefit)18(4)(17)  1 
Income (loss) before gain (loss) on sale of properties:(7)1,486640(1,210)(1,308)(5,623)(10,363)
Other undisclosed net loss     (1) 
Net income (loss) available to common stockholders, diluted:(7)1,486640(1,210)(1,308)(5,624)(10,363)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
6/30/2015
6/30/2014
6/30/2013
Net income (loss):(7)1,486640(1,210)(1,308)(5,624)(10,363)
Other undisclosed comprehensive loss     (3)(5)
Comprehensive income (loss):(7)1,486640(1,210)(1,308)(5,627)(10,368)
Other undisclosed comprehensive loss, net of tax, attributable to parent    (1)  
Comprehensive income (loss), net of tax, attributable to parent:(7)1,486640(1,210)(1,309)(5,627)(10,368)

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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