Rocky Mountain Chocolate Factory, Inc. (RMCF) Financial Statements (2024 and earlier)

Company Profile

Business Address 265 TURNER DRIVE
DURANGO, CO 80202
State of Incorp. DE
Fiscal Year End February 28
Industry (SIC) 206 - Sugar And Confectionery Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

8/31/2023
MRQ
2/28/2023
11/30/2022
MRQ
2/28/2022
2/28/2021
2/29/2020
2/28/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,7173,2167,5875,6334,8225,384
Cash and cash equivalents4,7173,2167,5875,6334,8225,384
Receivables2,4243,6812,7132,8674,6294,294
Inventory, net of allowances, customer advances and progress billings3,6406,1964,3544,0633,7514,270
Inventory3,6406,1964,3544,0633,7514,270
Disposal group, including discontinued operation 83     
Other current assets341452343214410318
Total current assets:11,20513,54514,99812,77713,61214,266
Noncurrent Assets
Operating lease, right-of-use asset2,3562,5471,7711,9262,699
Property, plant and equipment5,7115,7525,5005,1525,9385,786
Long-term investments and receivables9496 43290282
Accounts and financing receivable, after allowance for credit loss9496 43290282
Intangible assets, net (including goodwill)8422,5302,8083,2494,0951,545
Goodwill5767307307301,0471,047
Intangible assets, net (excluding goodwill)2661,8012,0782,5203,048498
Disposal group, including discontinued operation, noncurrent assets 1,766     
Deferred income tax assets   1,3881,145630
Other noncurrent assets1448622645657
Deferred tax assets, net607
Other undisclosed noncurrent assets  3243543964983,679
Total noncurrent assets:10,78211,29711,88312,17414,20611,956
TOTAL ASSETS:21,98724,84326,88124,95127,81726,222
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3314,6196,0702,2863,9972,561
Interest and dividends payable  722715
Employee-related liabilities2,125735717656
Accounts payable2,1903,5021,5801,2972,242897
Accrued liabilities1,1411,1172,365253317293
Deferred revenue161198196195196
Debt      1,176
Disposal group, including discontinued operation 179     
Contract with customer, liability256
Other undisclosed current liabilities1,3391,327(955)1,3001,414742
Total current liabilities:5,0106,1445,3123,7805,6074,736
Noncurrent Liabilities
Long-term debt and lease obligation:   1,2181,2781,895 
Liabilities, other than long-term debt2,6062,7959519259601,096
Deferred revenue782993951925960
Contract with customer, liability1,096
Disposal group, including discontinued operation, liabilities 184     
Operating lease, liability1,6401,8021,2181,2781,895
Total noncurrent liabilities:2,6062,7952,1692,2032,8551,096
Total liabilities:7,6178,9397,4815,9848,4625,832
Equity
Equity, attributable to parent14,37015,90319,40018,96819,35620,390
Common stock666666
Additional paid in capital9,4589,2788,8077,9727,4606,651
Retained earnings4,9066,61910,58710,99011,89013,733
Total equity:14,37015,90319,40018,96819,35620,390
TOTAL LIABILITIES AND EQUITY:21,98724,84326,88124,95127,81726,222

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

8/31/2023
TTM
2/28/2023
11/30/2022
TTM
2/28/2022
2/28/2021
2/29/2020
2/28/2019
Revenues30,43280032,34323,48131,85034,545
Cost of revenue(20,455)(14,672)(19,168)(16,119)(18,215)(20,600)
Other undisclosed gross profit(5,975) (7,115)(4,301)(7,131)(6,982)
Gross profit:4,00210,1566,0603,0616,5046,964
Operating expenses(12,505)(9,811)(9,748)(7,682)(8,778)(7,057)
Other undisclosed operating income (loss)3,612(2,934)3,2041,1473,6663,098
Operating income (loss):(4,891)(2,589)(484)(3,474)1,3923,006
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
16101781,68211(50)
Interest and debt expense(10)(4) 1,549(19)(71)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (1,549)1971
Income (loss) from continuing operations before equity method investments, income taxes:(4,885)(2,584)(306)(1,792)1,4022,956
Other undisclosed income from continuing operations before income taxes104    
Income (loss) from continuing operations before income taxes:(4,875)(2,580)(306)(1,792)1,4022,956
Income tax expense (benefit)(614)(1,388)(35)892(369)(717)
Income (loss) from continuing operations:(5,488)(3,968)(342)(900)1,0342,239
Income (loss) before gain (loss) on sale of properties:(3,756)(342)(900)1,0342,239
Loss from discontinued operations (192)     
Other undisclosed net loss      
Net income (loss):(5,681)(3,968)(342)(900)1,0342,239
Other undisclosed net income attributable to parent      
Net income (loss) available to common stockholders, diluted:(5,681)(3,968)(342)(900)1,0342,239

Comprehensive Income ($ in thousands)

8/31/2023
TTM
2/28/2023
11/30/2022
TTM
2/28/2022
2/28/2021
2/29/2020
2/28/2019
Net income (loss):(5,681)(3,968)(342)(900)1,0342,239
Comprehensive income (loss), net of tax, attributable to parent:(5,681)(3,968)(342)(900)1,0342,239

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.

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