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 | 1,536 | 2,232 | 1,281 | 612 | 2,200 | 2,647 | |||
| Cash and cash equivalents | 1,536 | 2,232 | 1,281 | 612 | 2,200 | 2,647 | |||
| Restricted cash and investments | 1,310 | 1,196 | |||||||
| Receivables | 226 | 1,557 | 2,287 | 5,706 | 7,507 | 9,291 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,750 | 7,396 | 3,623 | 3,879 | 4,071 | 6,637 | |||
| Inventory | 6,750 | 7,396 | 3,623 | 3,879 | 4,071 | 6,637 | |||
| Prepaid expense | 386 | 846 | 314 | 1,782 | 1,670 | 2,025 | |||
| Disposal group, including discontinued operation | 9 | 1,560 | 788 | ||||||
| Other undisclosed current assets | 1,180 | 1,701 | 3,274 | 62 | 96 | ||||
| Total current assets: | 11,397 | 16,488 | 11,567 | 11,979 | 15,510 | 20,696 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 9,121 | 7,504 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 1,301 | 858 | 1,009 | 350 | 132 | 156 | |||
| Intangible assets, net (including goodwill) | 2,612 | 2,754 | 883 | ||||||
| Goodwill | 699 | 699 | |||||||
| Intangible assets, net (excluding goodwill) | 1,913 | 2,055 | 883 | ||||||
| Other noncurrent assets | 292 | 245 | 232 | 28 | 384 | 129 | |||
| Total noncurrent assets: | 13,326 | 11,361 | 2,124 | 378 | 516 | 285 | |||
| TOTAL ASSETS: | 24,723 | 27,849 | 13,691 | 12,357 | 16,026 | 20,981 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 12,449 | 11,448 | 6,568 | 5,252 | 5,436 | 6,741 | |||
| Accounts payable | 8,901 | 6,040 | 5,013 | 3,762 | 3,839 | 4,398 | |||
| Accrued liabilities | 3,548 | 5,408 | 1,555 | 1,490 | 1,597 | 2,343 | |||
| Debt | 2,478 | 15,804 | 4,464 | ||||||
| Derivative instruments and hedges, liabilities | 1,721 | ||||||||
| Due to related parties | 400 | ||||||||
| Disposal group, including discontinued operation | 868 | 3,792 | 2,543 | ||||||
| Other undisclosed current liabilities | 2,717 | ||||||||
| Total current liabilities: | 18,912 | 32,765 | 13,575 | 5,252 | 5,436 | 6,741 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,606 | 5,108 | 2,873 | ||||||
| Long-term debt, excluding current maturities | 1,870 | 85 | 2,873 | ||||||
| Operating lease, liability | 6,736 | 5,023 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (6,736) | ||||||||
| Total noncurrent liabilities: | 8,606 | 5,108 | 2,873 | ||||||
| Total liabilities: | 27,518 | 37,873 | 16,448 | 5,252 | 5,436 | 6,741 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (2,795) | (10,024) | (2,757) | 7,105 | 10,590 | 14,240 | |||
| Common stock | 11 | 44 | 8 | 3 | 14 | 14 | |||
| Additional paid in capital | 53,128 | 49,074 | 35,303 | 34,243 | 33,147 | 32,859 | |||
| 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) | 7,105 | 10,590 | 14,240 | |||
| TOTAL LIABILITIES AND EQUITY: | 24,723 | 27,849 | 13,691 | 12,357 | 16,026 | 20,981 | |||
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 | 68,024 | 30,385 | 24,177 | 23,386 | 39,140 | 47,833 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 23,386 | 39,140 | 47,833 | |
| Cost of revenue | (49,672) | (23,341) | (19,128) | (21,397) | (34,547) | (40,414) | ||
| Gross profit: | 18,352 | 7,044 | 5,049 | 1,989 | 4,593 | 7,419 | ||
| 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 | 543 | 6,233 | (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.