RCM Technologies, Inc. (RCMT) Financial Statements (2024 and earlier)

Company Profile

Business Address 2500 MCCLELLAN AVENUE
PENNSAUKEN, NJ 08109-4613
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7363 - Help Supply Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3392357341,8474822,851
Cash and cash equivalents3392357341,8474822,851
Receivables54,04249,25038,50164,66654,90449,082
Other undisclosed current assets4,6362,4864,6994,1443,4253,706
Total current assets:59,01751,97143,93470,65758,81155,639
Noncurrent Assets
Operating lease, right-of-use asset3,6651,8772,4095,820
Property, plant and equipment2,0981,9392,0782,7173,485 
Intangible assets, net (including goodwill)23,01116,35416,44916,77018,27511,790
Goodwill22,14716,35416,35416,35417,53211,685
Intangible assets, net (excluding goodwill)864 95416743105
Deposits noncurrent assets173176169209214215
Deferred income tax assets  5353,300 
Deferred tax assets, net7252,189
Total noncurrent assets:28,94720,88124,40525,51622,69914,194
Other undisclosed assets      3,446
TOTAL ASSETS:87,96472,85268,33996,17381,51073,279
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 14,1479,3067,8956,2209,9698,634
Taxes payable 43613097372
Employee-related liabilities13,02712,8777,7139,0287,780
Accounts payable     2,5064,661
Accrued liabilities 13,108     
Other undisclosed accounts payable and accrued liabilities 1,039(3,721)(5,418)(1,623)(1,662)(4,179)
Deferred revenue 1,1193,418  
Debt4624372472,449  
Business combination, contingent consideration, liability 4721035003441,588741
Other undisclosed current liabilities 24,22416,59320,09912,39511,63112,813
Total current liabilities:40,42429,85728,74121,40823,18822,188
Noncurrent Liabilities
Long-term debt and lease obligation9,01516,28414,63738,87127,54027,279
Long-term debt, excluding current maturities8,78314,15111,89034,76127,54027,279
Finance lease, liability 232502106189
Liabilities, other than long-term debt4,9026002,3582,7143,1851,350
Operating lease, liability2,9321,6312,6413,921
Business combination, contingent consideration, liability1,9706002,3582,7143,1851,350
Other undisclosed noncurrent liabilities 1,661142365777398431
Total noncurrent liabilities:15,57817,02617,36042,36231,12329,060
Other undisclosed liabilities      
Total liabilities:56,00246,88346,10163,77054,31151,248
Equity
Equity, attributable to parent31,96225,96922,23832,40327,19922,031
Common stock863845811791778751
Treasury stock, value(43,820)(26,260)(17,217)(14,987)(14,987)(14,987)
Common stock, share subscribed but unissued, subscriptions receivable   (420)   
Additional paid in capital113,878111,068109,588108,452107,326104,540
Accumulated other comprehensive loss(2,863)(2,699)(2,550)(2,748)(2,755)(2,395)
Accumulated deficit(36,096)(56,985)(67,974)(59,105)(63,163)(65,878)
Total equity:31,96225,96922,23832,40327,19922,031
TOTAL LIABILITIES AND EQUITY:87,96472,85268,33996,17381,51073,279

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues284,680203,875150,409191,100200,352186,737
Revenue, net28,712
Cost of revenue
(Cost of Goods and Services Sold)
(201,753)(150,751)(111,554)(142,508)(151,042)(138,350)
Gross profit:82,92753,12438,85548,59249,31048,387
Operating expenses(54,129)(38,988)(49,805)(42,025)(43,895)(48,107)
Operating income (loss):28,79814,136(10,950)6,5675,415280
Nonoperating expense(318)(222)(1,107)(1,745)(1,507)(525)
Gain (loss), foreign currency transaction, before tax52195    
Other nonoperating expense   (1,107)(1,745)(1,507)(525)
Interest and debt expense(7)(9)(10)(8)  
Other undisclosed income from continuing operations before equity method investments, income taxes   108  
Income (loss) from continuing operations before equity method investments, income taxes:28,47313,905(12,057)4,8223,908(245)
Other undisclosed income from continuing operations before income taxes79    
Income (loss) from continuing operations before income taxes:28,48013,914(12,057)4,8223,908(245)
Income tax expense (benefit)(7,591)(2,925)3,188(764)(1,193)2,255
Income (loss) from continuing operations:20,88910,989(8,869)4,0582,7152,010
Income (loss) before gain (loss) on sale of properties:10,989(8,869)4,0582,7152,010
Net income (loss) available to common stockholders, diluted:20,88910,989(8,869)4,0582,7152,010

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):20,88910,989(8,869)4,0582,7152,010
Comprehensive income (loss):20,88910,989(8,869)4,0582,7152,010
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(164)(149)1987(360)183
Comprehensive income (loss), net of tax, attributable to parent:20,72510,840(8,671)4,0652,3552,193

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: