Taitron Components Incorporated (TAIT) Financial Statements (2024 and earlier)

Company Profile

Business Address 28040 WEST HARRISON PARKWAY
VALENCIA, CA 91355
State of Incorp. CA
Fiscal Year End December 31
Industry (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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,2517,5406,6525,3134,4943,250
Cash and cash equivalents5,2175,9746,6525,3134,4943,250
Short-term investments2,0341,566    
Receivables6839006391,022901978
Inventory, net of allowances, customer advances and progress billings3,9005,2613,5183,5884,5974,990
Inventory3,9005,2613,5183,5884,5974,990
Other undisclosed current assets14817346856780
Total current assets:11,98213,87410,85510,00810,0599,298
Noncurrent Assets
Property, plant and equipment2,9223,0553,2173,3863,7103,866
Long-term investments and receivables186193189205212403
Long-term investments186193189205212403
Deferred income tax assets2,047   
Total noncurrent assets:5,1553,2483,4063,5913,9224,269
TOTAL ASSETS:17,13717,12214,26113,59913,98113,567
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0012,737446322311358
Accounts payable2111,813410462972848
Accrued liabilities790924    
Other undisclosed accounts payable and accrued liabilities   36(140)(661)(490)
Other undisclosed current liabilities   410 972848
Total current liabilities:1,0012,7378563221,2831,206
Noncurrent Liabilities
Long-term debt and lease obligation   163   
Long-term debt, excluding current maturities   163   
Liabilities, other than long-term debt      500
Due to related parties     500
Total noncurrent liabilities:   163  500
Other undisclosed liabilities    462  
Total liabilities:1,0012,7371,0197841,2831,706
Equity
Equity, attributable to parent, including:16,13614,38513,24212,71512,60211,761
Additional paid in capital11,40711,17611,07110,95910,81210,744
Accumulated other comprehensive income (loss)(58)(73)(66)38128144
Retained earnings4,7813,2762,2311,7121,656867
Other undisclosed equity, attributable to parent666666
Equity, attributable to noncontrolling interest    10096100
Total equity:16,13614,38513,24212,81512,69811,861
TOTAL LIABILITIES AND EQUITY:17,13717,12214,26113,59913,98113,567

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues8,4238,6436,6966,7838,2227,622
Revenue, net7,622
Cost of revenue
(Cost of Goods and Services Sold)
(4,030)(4,522)(3,415)(3,707)(4,604)(4,622)
Gross profit:4,3934,1213,2813,0763,6183,000
Operating expenses(2,158)(2,029)(2,227)(2,378)(2,199)(2,209)
Operating income:2,2352,0921,0546981,419791
Nonoperating income (expense)(449)28727280(52)(52)
Investment income, nonoperating    (193)(185)(162)
Other nonoperating income (expense)(449)287272273133110
Interest and debt expense  163    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   37289(38)
Income from continuing operations before equity method investments, income taxes:1,7862,5421,3638061,376701
Other undisclosed income (loss) from continuing operations before income taxes40(144)    
Income from continuing operations before income taxes:1,8262,3981,3638061,376701
Income tax expense (benefit)1,382(388)(4) (6)(5)
Income from continuing operations:3,2082,0101,3598061,370696
Income before gain (loss) on sale of properties:2,0101,3598061,370696
Net income:3,2082,0101,3598061,370696
Net income (loss) attributable to noncontrolling interest    (33)85
Net income available to common stockholders, diluted:3,2082,0101,3597731,378701

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:3,2082,0101,3598061,370696
Other undisclosed comprehensive income (loss)15(7)(104)(90)(16)(12)
Comprehensive income:3,2232,0031,2557161,354684
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   100(4)44
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:3,2232,0031,3557121,358688

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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