System1, Inc. (SST) financial statements (2022 and earlier)

Company profile

Business Address 4235 REDWOOD AVENUE
MARINA DEL REY, CA 90066
State of Incorp. DE
Fiscal Year End December 31
SIC 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53844
Cash and cash equivalents53844
Prepaid expense67210
Total current assets:1201,053
Noncurrent Assets
Assets held-in-trust517,500517,500
Total noncurrent assets:517,500517,500
TOTAL ASSETS:517,620518,553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12,557 
Other undisclosed accounts payable and accrued liabilities12,557 
Due to related parties450 
Total current liabilities:13,007 
Noncurrent Liabilities
Other undisclosed noncurrent liabilities47,418 
Total noncurrent liabilities:47,418 
Other undisclosed liabilities 82,385
Total liabilities:60,42582,385
Temporary equity, carrying amount517,500517,500
Stockholders' equity
Stockholders' equity attributable to parent, including:(60,305)(81,332)
Accumulated deficit(60,307)(81,333)
Other undisclosed stockholders' equity attributable to parent11
Total stockholders' equity:(60,305)(81,332)
TOTAL LIABILITIES AND EQUITY:517,620518,553

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

12/31/2021
12/31/2020
Gross profit:(13,327)(806)
Operating loss:(13,327)(806)
Nonoperating income37,514 
Other nonoperating income34,354 
Income (loss) before gain (loss) on sale of properties:24,187(806)
Other undisclosed net loss(3,160)(29,109)
Net income (loss) attributable to parent:21,027(29,915)
Preferred stock dividends and other adjustments(52,266)(52,266)
Net loss available to common stockholders, diluted:(31,239)(82,180)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
Net income (loss):21,027(29,915)
Comprehensive income (loss), net of tax, attributable to parent:21,027(29,915)

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: