Simply, Inc. (SIMP) financial statements (2022 and earlier)

Company profile

Business Address 1680 MICHIGAN AVENUE, SUITE 817
MIAMI BEACH, FL 33139
State of Incorp. MD
Fiscal Year End January 31
SIC 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2021
TTM
1/31/2021
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 1,5362,2321,2816122,2002,647
Cash and cash equivalents 1,5362,2321,2816122,2002,647
Restricted cash and investments 1,3101,196    
Receivables 2261,5572,2875,7067,5079,291
Inventory, net of allowances, customer advances and progress billings 6,7507,3963,6233,8794,0716,637
Inventory 6,7507,3963,6233,8794,0716,637
Prepaid expense 3868463141,7821,6702,025
Disposal group, including discontinued operation 91,560788   
Other undisclosed current assets 1,1801,7013,274 6296
Total current assets: 11,39716,48811,56711,97915,51020,696
Noncurrent Assets
Operating lease, right-of-use asset 9,1217,504
Property, plant and equipment 1,3018581,009350132156
Intangible assets, net (including goodwill) 2,6122,754883   
Goodwill 699699    
Intangible assets, net (excluding goodwill) 1,9132,055883   
Other noncurrent assets 29224523228384129
Total noncurrent assets: 13,32611,3612,124378516285
TOTAL ASSETS: 24,72327,84913,69112,35716,02620,981
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 12,44911,4486,5685,2525,4366,741
Accounts payable 8,9016,0405,0133,7623,8394,398
Accrued liabilities 3,5485,4081,5551,4901,5972,343
Debt 2,47815,8044,464   
Derivative instruments and hedges, liabilities  1,721    
Due to related parties 400     
Disposal group, including discontinued operation 8683,7922,543   
Other undisclosed current liabilities 2,717     
Total current liabilities: 18,91232,76513,5755,2525,4366,741
Noncurrent Liabilities
Long-term debt and lease obligation 8,6065,1082,873   
Long-term debt, excluding current maturities 1,870852,873   
Operating lease, liability 6,7365,023
Other undisclosed noncurrent liabilities (6,736)     
Total noncurrent liabilities: 8,6065,1082,873   
Total liabilities: 27,51837,87316,4485,2525,4366,741
Stockholders' equity
Stockholders' equity attributable to parent (2,795)(10,024)(2,757)7,10510,59014,240
Common stock 1144831414
Additional paid in capital 53,12849,07435,30334,24333,14732,859
Accumulated other comprehensive loss (15)(1,069)(1,011)(2,595)(2,695)(1,592)
Accumulated deficit (55,919)(58,073)(37,057)(24,546)(19,876)(17,041)
Total stockholders' equity: (2,795)(10,024)(2,757)7,10510,59014,240
TOTAL LIABILITIES AND EQUITY: 24,72327,84913,69112,35716,02620,981

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

10/31/2021
TTM
1/31/2021
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 68,02430,38524,17723,38639,14047,833
Revenue, net23,38639,14047,833
Cost of revenue (49,672)(23,341)(19,128)(21,397)(34,547)(40,414)
Gross profit: 18,3527,0445,0491,9894,5937,419
Operating expenses (27,197)(20,293)(25,096)(6,461)(6,943)(8,339)
Operating loss: (8,845)(13,249)(20,047)(4,472)(2,350)(920)
Nonoperating income (expense) 160(600)956(13)(334) 
Foreign currency transaction loss, before tax   (479)   
Other nonoperating income (expense) 160(600)1,435(13)(334) 
Interest and debt expense 12,594(8,933)(1,227)   
Other undisclosed loss from continuing operations before equity method investments, income taxes      (320)
Income (loss) from continuing operations before equity method investments, income taxes: 3,909(22,782)(20,318)(4,485)(2,684)(1,240)
Other undisclosed income (loss) from continuing operations before income taxes 5436,233(1,579)(182)(244) 
Income (loss) from continuing operations before income taxes: 4,452(16,549)(21,897)(4,667)(2,928)(1,240)
Income tax expense (benefit) (51)(1)(221)(3)93(3)
Income (loss) from continuing operations: 4,401(16,550)(22,118)(4,670)(2,835)(1,243)
Loss from discontinued operations (124)(4,466)(5,153)   
Net income (loss) available to common stockholders, diluted: 4,277(21,016)(27,271)(4,670)(2,835)(1,243)

Comprehensive Income ($ in thousands)

10/31/2021
TTM
1/31/2021
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): 4,277(21,016)(27,271)(4,670)(2,835)(1,243)
Other comprehensive loss      (866)
Comprehensive income (loss): 4,277(21,016)(27,271)(4,670)(2,835)(2,109)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 22(58)(883)100(1,103) 
Comprehensive income (loss), net of tax, attributable to parent: 4,299(21,074)(28,154)(4,570)(3,938)(2,109)

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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