Scientific Industries Inc (SCND) financial statements (2021 and earlier)

Company profile

Business Address 70 ORVILLE DR
BOHEMIA, NY 11716
State of Incorp. DE
Fiscal Year End June 30
SIC 3826 - Laboratory Analytical Instruments (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0441,6031,0531,3211,535764909
Cash and cash equivalents1,0441,6031,0531,0251,245482494
Short-term investments   296290282415
Receivables1,8131,9741,7221,4241,2321,082757
Inventory, net of allowances, customer advances and progress billings3,0042,5922,2681,9612,4122,2142,309
Inventory3,0042,5922,2681,9612,4122,2142,309
Other undisclosed current assets408422348209188483209
Total current assets:6,2686,5915,3924,9165,3674,5424,184
Noncurrent Assets
Operating lease, right-of-use asset931
Property, plant and equipment309319200199251235252
Long-term investments and receivables  245    
Accounts and financing receivable, after allowance for credit loss  245    
Intangible assets, net (including goodwill)8498801,0441,2841,6032,1572,501
Goodwill705705705705705705705
Intangible assets, net (excluding goodwill)1431753395798981,4521,796
Other noncurrent assets56555353535328
Other undisclosed noncurrent assets451431393376276155146
Total noncurrent assets:2,5961,6851,9341,9122,1822,5992,928
TOTAL ASSETS:8,8648,2767,3266,8287,5497,1417,112
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8131,1771,0866301,192748817
Accounts payable475569428139342228374
Accrued liabilities339608658491850520443
Debt14314067620027
Business combination, contingent consideration, liability268     
Customer advances and deposits   7690
Other undisclosed current liabilities104268182176137107109
Total current liabilities:1,3281,5851,2738131,3351,1311,042
Noncurrent Liabilities
Long-term debt and lease obligation855      
Operating lease, liability855
Liabilities, other than long-term debt350 606060  
Accounts payable and accrued liabilities  606060  
Business combination, contingent consideration, liability350     
Other undisclosed noncurrent liabilities 350290127222260391
Total noncurrent liabilities:1,205350350187282260391
Total liabilities:2,5331,9351,6231,0001,6171,3911,433
Stockholders' equity
Stockholders' equity attributable to parent6,3316,3415,7025,8285,9325,7505,679
Common stock76767676757574
Treasury stock, value(52)(52)(52)(52)(52)(52)(52)
Additional paid in capital2,6352,5932,5462,5162,4992,4872,421
Accumulated other comprehensive income (loss)  1(4)1(3)1
Retained earnings3,6723,7253,1323,2923,4103,2443,235
Total stockholders' equity:6,3316,3415,7025,8285,9325,7505,679
TOTAL LIABILITIES AND EQUITY:8,8648,2767,3266,8287,5497,1417,112

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues10,27510,2008,4818,1499,5987,8586,793
Revenue, net 8,1499,5987,8486,793
Cost of revenue(5,757)(5,833)(5,260)(5,270)(5,680)(4,727)(4,179)
Cost of goods and services sold   (5,270)(5,680)(4,727)(4,179)
Other undisclosed gross profit     (10) 
Gross profit:4,5184,3673,2222,8793,9173,1222,614
Operating expenses(4,158)(3,591)(3,227)(3,040)(3,672)(3,138)(2,733)
Operating income (loss):360776(6)(160)245(17)(119)
Nonoperating income (expense)13(4)91781415
Investment income, nonoperating 361164 
Other nonoperating income (expense)11(8)362915
Interest and debt expense(1)(2)(2)(3)(34)(4)(3)
Income (loss) from continuing operations before equity method investments, income taxes:3727701(147)219(7)(107)
Other undisclosed loss from continuing operations before income taxes(1)      
Income (loss) from continuing operations before income taxes:3717701(147)219(7)(107)
Income tax expense (benefit)(39)(125)(162)74(53)1632
Net income (loss) available to common stockholders, diluted:333646(161)(73)1669(75)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):333646(161)(73)1669(75)
Comprehensive income (loss):333646(161)(73)1669(75)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent21 5(4)4(4)15
Comprehensive income (loss), net of tax, attributable to parent:354646(156)(77)1704(61)

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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