RiceBran Technologies (RIBT) financial statements (2023 and earlier)

Company profile

Business Address 25420 KUYKENDAHL ROAD, SUITE B300
TOMBALL, TX 77375
State of Incorp. CA
Fiscal Year End December 31
SIC 204 - Grain Mill Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
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 investments5,8255,2638,4447,0446,2034511,070
Cash and cash equivalents5,8255,2638,4447,0446,2034511,070
Restricted cash and investments      1,921
Receivables4,1362,8193,7382,5291,2732,0912,978
Inventory, net of allowances, customer advances and progress billings2,4441,878898  3,7733,857
Inventory2,4441,878898  3,7733,857
Other current assets8101,3806916105191,213895
Other undisclosed current assets   2,3301,453  
Total current assets:13,21511,34013,77112,5139,4487,52810,721
Noncurrent Assets
Operating lease, right-of-use asset2,1272,4522,752
Nontrade receivables     1,241 
Property, plant and equipment15,44416,36719,07715,0107,85018,93318,328
Intangible assets, net (including goodwill)5274,6374,8653,178 1,0324,483
Goodwill 3,9153,9153,178 7903,258
Intangible assets, net (excluding goodwill)527722950  2421,225
Other noncurrent assets  271663111103
Total noncurrent assets:18,09823,45626,72118,2047,91321,31722,914
TOTAL ASSETS:31,31334,79640,49230,71717,36128,84533,635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2962,0922,7103,0362,27911,4839,628
Accounts payable8269558331,5837653,7102,514
Accrued liabilities6835361,0005207413,9454,789
Employee-related liabilities7876018779337733,8282,325
Deferred revenue  12
Debt1,3977804387749,8785,050
Deferred revenue and credits75  
Contract with customer, liability145
Other undisclosed current liabilities5,4632,9542,6523,603258  
Total current liabilities:9,1565,8265,8126,8612,61621,36114,678
Noncurrent Liabilities
Long-term debt and lease obligation3,4045,5502,937145126,00910,908
Long-term debt, excluding current maturities1,3563,10773145126,00910,908
Finance lease, liability100113190
Operating lease, liability1,9482,3302,674
Liabilities, other than long-term debt258    1,556712
Deferred tax liabilities, net  2934
Derivative instruments and hedges, liabilities258    1,527678
Other undisclosed noncurrent liabilities (2,330)     
Total noncurrent liabilities:3,6625,5502,937145127,56511,620
Total liabilities:12,81811,3768,7497,0062,62828,92626,298
Temporary equity, carrying amount     55169
Stockholders' equity
Stockholders' equity attributable to parent, including:18,49523,42031,63123,71114,420(632)7,268
Preferred stock75112     
Common stock326,279322,218318,811296,739279,548264,232262,895
Accumulated other comprehensive loss     (4,346)(4,889)
Accumulated deficit(307,859)(298,910)(287,180)(273,229)(265,128)(259,819)(250,738)
Other undisclosed stockholders' equity attributable to parent   201 (699) 
Other undisclosed stockholders' equity  112 313  
Total stockholders' equity:18,49523,42031,74323,71114,733(632)7,268
TOTAL LIABILITIES AND EQUITY:31,31334,79640,49230,71717,36128,84533,635

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues31,13126,19923,71314,76213,35539,40539,896
Revenue, net13,35539,40539,896
Cost of revenue
(Cost of Goods and Services Sold)
(30,689)(28,670)(24,574)(11,780)(9,564)(31,436)(31,826)
Gross profit:442(2,471)(861)2,9823,7917,9698,070
Operating expenses(11,008)(7,971)(13,696)(11,194)(9,888)(19,100)(14,346)
Other undisclosed operating loss (847)     
Operating loss:(10,566)(11,289)(14,557)(8,212)(6,097)(11,131)(6,276)
Nonoperating income (expense)309(422)822156(9,118)(78)(4,476)
Investment income, nonoperating3902050  100107
Foreign currency transaction gain (loss), before tax     85(370)
Other nonoperating income (expense)(81)(124)868168125546(209)
Interest and debt expense1,792(318)(96)(12)(8,290)(3,393)(3,101)
Other undisclosed income from continuing operations before equity method investments, income taxes     3,3783,101
Loss from continuing operations before equity method investments, income taxes:(8,465)(12,029)(13,831)(8,068)(23,505)(11,224)(10,752)
Other undisclosed income (loss) from continuing operations before income taxes(463)31896128,29015 
Loss from continuing operations before income taxes:(8,928)(11,711)(13,735)(8,056)(15,215)(11,209)(10,752)
Income tax expense (benefit)(21)(19) (45)5,030(41)176
Loss from continuing operations:(8,949)(11,730)(13,735)(8,101)(10,185)(11,250)(10,576)
Income (loss) from discontinued operations  (216) 3,983  
Loss before gain (loss) on sale of properties:(8,949)(11,730)(13,951)(8,101)(6,202)(11,250)(10,576)
Unusual or infrequent item, or both, net (gain) loss (847)    
Net loss:(8,949)(12,577)(13,951)(8,101)(6,202)(11,250)(10,576)
Net income attributable to noncontrolling interest     2,7202,308
Other undisclosed net income attributable to parent 847  1,671  
Net loss attributable to parent:(8,949)(11,730)(13,951)(8,101)(4,531)(8,530)(8,268)
Preferred stock dividends and other adjustments    (778)(551) 
Net loss available to common stockholders, diluted:(8,949)(11,730)(13,951)(8,101)(5,309)(9,081)(8,268)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(8,949)(12,577)(13,951)(8,101)(6,202)(11,250)(10,576)
Other undisclosed comprehensive income (loss)    184775(2,573)
Comprehensive loss:(8,949)(12,577)(13,951)(8,101)(6,018)(10,475)(13,149)
Comprehensive income, net of tax, attributable to noncontrolling interest    1,6142,4883,147
Other undisclosed comprehensive income, net of tax, attributable to parent 847     
Comprehensive loss, net of tax, attributable to parent:(8,949)(11,730)(13,951)(8,101)(4,404)(7,987)(10,002)

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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