Straight Path Communications Inc (STRP) Financial Statements (2024 and earlier)

Company Profile

Business Address 5300 HICKORY PARK DRIVE
GLEN ALLEN, VA 23059
State of Incorp. DE
Fiscal Year End July 31
Industry (SIC) 4812 - Radiotelephone Communications (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

7/31/2017
7/31/2016
7/31/2015
7/31/2014
7/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,36118,62021,23215,000
Cash and cash equivalents11,36118,62021,23215,000
Receivables40826160
Inventory, net of allowances, customer advances and progress billings   
Inventory    
Prepaid expense2377834,999 
Deferred tax assets   2,392 
Other current assets  2739290
Other undisclosed current assets1,390   
Total current assets:13,02819,75828,77615,150
Noncurrent Assets
Intangible assets, net (including goodwill)365365350350
Intangible assets, net (excluding goodwill)365365350350
Prepaid expense   761239
Other noncurrent assets104115135 
Deferred tax assets, net   417 
Other undisclosed noncurrent assets    
Total noncurrent assets:4694801,663589
TOTAL ASSETS:13,49720,23830,43915,739
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9511,4652,3811,891
Taxes payable 22522547015
Employee-related liabilities  174577403
Accounts payable684238  
Accrued liabilities1,0428281,3341,473
Deferred revenue and credits731,64610,254145
Due to related parties  6 
Other undisclosed current liabilities (174)(577)(402)
Total current liabilities:2,0242,93712,0641,634
Noncurrent Liabilities
Liabilities, other than long-term debt921051,676250
Deferred revenue and credits921051,676250
Estimated litigation liability    
Total noncurrent liabilities:921051,676250
Total liabilities:2,1163,04213,7401,884
Equity
Equity, attributable to parent, including:13,05818,52417,04114,229
Common stock  1,495  
Treasury stock, value(428)(480)  
Additional paid in capital21,58917,31614,88614,114
Retained earnings (accumulated deficit)(8,225)722,037 
Other undisclosed equity, attributable to parent122121118115
Equity, attributable to noncontrolling interest(1,677)(1,328)(342)(374)
Total equity:11,38117,19616,69913,855
Other undisclosed liabilities and equity    
TOTAL LIABILITIES AND EQUITY:13,49720,23830,43915,739

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

7/31/2017
7/31/2016
7/31/2015
7/31/2014
7/31/2013
Revenues2,15613,2404,7961,130
Other income398334
Cost of revenue(933)(6,043)(2,487)(630)
Gross profit:1,2237,1972,309500
Operating expenses(10,310)(6,931)(3,001)(4,115)
Other undisclosed operating loss    
Operating income (loss):(9,087)266(692)(3,615)
Nonoperating expense
(Other Nonoperating expense)
    
Income (loss) from continuing operations before equity method investments, income taxes:(9,087)266(692)(3,615)
Other undisclosed income from continuing operations before income taxes 43737240811
Income (loss) from continuing operations before income taxes:(8,650)638(284)(3,604)
Income tax expense (benefit)4(2,714)2,353(8)
Income (loss) from continuing operations:(8,646)(2,076)2,069(3,612)
Income (loss) before gain (loss) on sale of properties:(8,646)(2,076)2,069(3,612)
Net income (loss):(8,646)(2,076)2,069(3,612)
Other undisclosed net income (loss) attributable to parent349111(32)399
Net income (loss) available to common stockholders, diluted:(8,297)(1,965)2,037(3,213)

Comprehensive Income ($ in thousands)

7/31/2017
7/31/2016
7/31/2015
7/31/2014
7/31/2013
Net income (loss):(8,646)(2,076)2,069(3,612)
Comprehensive income (loss), net of tax, attributable to parent:(8,646)(2,076)2,069(3,612)

Statements Sources

The financial statements are based on the Company's filings with 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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