SRAX, Inc. (SRAX) financial statements (2023 and earlier)

Company profile

Business Address 2629 TOWNSGATE ROAD #215
WESTLAKE VILLAGE, CA 91361
State of Incorp. DE
Fiscal Year End December 31
SIC 7311 - Advertising Agencies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
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 investments 8,898322,7851,0171,0491,091
Cash and cash equivalents 451322,7851,0171,0491,091
Short-term investments 8,447     
Receivables 2,6088051,8294,3488,4117,056
Prepaid expense 367715467468333309
Other current assets  306387301636
Total current assets: 11,8731,8585,4686,1359,7998,493
Noncurrent Assets
Operating lease, right-of-use asset 366456
Property, plant and equipment 1181911921555544
Long-term investments and receivables 893     
Accounts and financing receivable, after allowance for credit loss 893     
Intangible assets, net (including goodwill), including: 25,76017,61117,40815,64515,64516,315
Goodwill 23,35115,64515,645   
Intangible assets, net (excluding goodwill) 2,4091,9661,7631,6431,3651,612
Other undisclosed intangible assets, net (including goodwill)    14,00214,28014,703
Prepaid expense      374
Deferred costs      1,655
Other noncurrent assets 311851293535
Other undisclosed noncurrent assets    1,6431,3651,612
Total noncurrent assets: 27,14018,37617,65117,47117,10020,034
TOTAL ASSETS: 39,01320,23423,11823,60626,89928,527
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 3,5612,4423,5755,01113,1565,139
Accounts payable 2,6311,7082,5182,85911,7453,004
Accrued liabilities 605335    
Employee-related liabilities 238270    
Interest and dividends payable 7     
Other undisclosed accounts payable and accrued liabilities 801291,0572,1521,4112,135
Debt 747   3,4192,455
Derivative instruments and hedges, liabilities  4,397496   
Business combination, contingent consideration, liability      7,585
Deferred revenue and credits  1
Other liabilities 8,711537  1,5001,436
Other undisclosed current liabilities 6,016 4,946   
Total current liabilities: 19,0357,3769,0175,01118,07516,617
Noncurrent Liabilities
Long-term debt and lease obligation 622352 1,711 8,034
Long-term debt, excluding current maturities 379  1,711 8,034
Operating lease, liability 243352
Liabilities, other than long-term debt 131     
Deferred income tax liabilities 131 
Total noncurrent liabilities: 753352 1,711 8,034
Total liabilities: 19,7887,7289,0176,72218,07524,651
Stockholders' equity
Stockholders' equity attributable to parent, including: 19,22512,50614,10116,8848,8243,876
Common stock 16     
Common stock, value, subscriptions    880678 
Additional paid in capital 69,55148,12932,87037,14322,52913,990
Accumulated deficit (50,342)(35,637)(18,778)(21,149)(14,390)(10,142)
Other undisclosed stockholders' equity attributable to parent  141010728
Total stockholders' equity: 19,22512,50614,10116,8848,8243,876
TOTAL LIABILITIES AND EQUITY: 39,01320,23423,11823,60626,89928,527

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 8,6473,5849,88123,34935,76330,294
Cost of revenue (2,589)(1,680)(3,157)(9,329)(23,227)(14,407)
Gross profit: 6,0581,9046,72414,02012,53615,887
Operating expenses (17,655)(19,762)(18,443)(17,864)(17,319)(14,835)
Operating income (loss): (11,597)(17,858)(11,719)(3,844)(4,783)1,052
Nonoperating income (expense) (3,082)99920,463 534 
Investment income, nonoperating     3,744 
Interest and debt expense (1,103) (3,240)(2,815)(3,210)(1,253)
Income (loss) from continuing operations before equity method investments, income taxes: (15,782)(16,859)5,503(6,659)(7,458)(201)
Other undisclosed income (loss) from continuing operations before income taxes 1,103 3,240 3,210(2,523)
Income (loss) from continuing operations before income taxes: (14,679)(16,859)8,744(6,659)(4,248)(2,724)
Income tax expense (26)     
Net income (loss) available to common stockholders, diluted: (14,705)(16,859)8,744(6,659)(4,248)(2,724)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (14,705)(16,859)8,744(6,659)(4,248)(2,724)
Comprehensive income (loss), net of tax, attributable to parent: (14,705)(16,859)8,744(6,659)(4,248)(2,724)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: