RCM Technologies, Inc. (RCMT) financial statements (2023 and earlier)

Company profile

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

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 7341,8474822,851279985
Cash and cash equivalents 7341,8474822,851279985
Receivables 38,50164,66654,90449,08249,46558,427
Other undisclosed current assets 4,6994,1443,4253,7063,3275,117
Total current assets: 43,93470,65758,81155,63953,07164,529
Noncurrent Assets
Operating lease, right-of-use asset 2,4095,820
Property, plant and equipment 2,0782,7173,485   
Intangible assets, net (including goodwill) 16,44916,77018,27511,79012,49611,882
Goodwill 16,35416,35417,53211,68512,32511,630
Intangible assets, net (excluding goodwill) 95416743105171252
Deposits noncurrent assets 169209214215212227
Deferred income tax assets 3,300 
Deferred tax assets, net7252,189  
Total noncurrent assets: 24,40525,51622,69914,19412,70812,109
Other undisclosed assets    3,4464,0524,698
TOTAL ASSETS: 68,33996,17381,51073,27969,83181,336
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 7,8956,2209,9698,6348,1547,863
Accounts payable   2,5064,6616,7768,995
Employee-related liabilities 12,8777,7139,0287,7807,1858,606
Taxes payable 43613097372537343
Other undisclosed accounts payable and accrued liabilities (5,418)(1,623)(1,662)(4,179)(6,344)(10,081)
Debt 2472,449    
Business combination, contingent consideration, liability 5003441,588741  
Deferred tax liabilities   250
Other undisclosed current liabilities 20,09912,39511,63112,81315,55918,766
Total current liabilities: 28,74121,40823,18822,18823,71326,879
Noncurrent Liabilities
Long-term debt and lease obligation 14,63738,87127,54027,27914,31121,000
Long-term debt, excluding current maturities 11,89034,76127,54027,27914,31121,000
Finance lease, liability 106189
Operating lease, liability 2,6413,921
Liabilities, other than long-term debt 2,3582,7143,1851,350 276
Deferred tax liabilities, net   276
Business combination, contingent consideration, liability 2,3582,7143,1851,350  
Other undisclosed noncurrent liabilities 365777398431552978
Total noncurrent liabilities: 17,36042,36231,12329,06014,86322,254
Total liabilities: 46,10163,77054,31151,24838,57649,133
Stockholders' equity
Stockholders' equity attributable to parent 22,23832,40327,19922,03131,25532,203
Common stock 811791778751736728
Treasury stock, value (17,217)(14,987)(14,987)(14,987)(14,622)(10,365)
Common stock, share subscribed but unissued, subscriptions receivable (420)     
Additional paid in capital 109,588108,452107,326104,540115,607114,331
Accumulated other comprehensive loss (2,550)(2,748)(2,755)(2,395)(2,578)(2,845)
Accumulated deficit (67,974)(59,105)(63,163)(65,878)(67,888)(69,646)
Total stockholders' equity: 22,23832,40327,19922,03131,25532,203
TOTAL LIABILITIES AND EQUITY: 68,33996,17381,51073,27969,83181,336

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 150,409191,100200,352186,737176,448185,736
Revenue, net28,71230,90038,065
Cost of revenue
(Cost of Goods and Services Sold)
 (111,554)(142,508)(151,042)(138,350)(129,418)(133,851)
Gross profit: 38,85548,59249,31048,38747,03051,885
Operating expenses (49,805)(42,025)(43,895)(48,107)(42,915)(44,034)
Operating income (loss): (10,950)6,5675,4152804,1157,851
Nonoperating expense
(Other Nonoperating expense)
 (1,107)(1,745)(1,507)(525)(813)(697)
Interest and debt expense (10)(8)    
Other undisclosed income from continuing operations before equity method investments, income taxes 108    
Income (loss) from continuing operations before income taxes: (12,057)4,8223,908(245)3,3027,154
Income tax expense (benefit) 3,188(764)(1,193)2,255(1,544)(1,139)
Net income (loss) available to common stockholders, diluted: (8,869)4,0582,7152,0101,7586,015

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (8,869)4,0582,7152,0101,7586,015
Other comprehensive loss      (2,936)
Comprehensive income (loss): (8,869)4,0582,7152,0101,7583,079
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 1987(360)183267 
Comprehensive income (loss), net of tax, attributable to parent: (8,671)4,0652,3552,1932,0253,079

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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