Torotel Inc (TTLO) financial statements (2021 and earlier)

Company profile

Business Address 520 N ROGERS RD
OLATHE, KS 66062
State of Incorp. MO
Fiscal Year End April 30
SIC 3677 - Electronic Coils, Transformers, and Other Inductors (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments415585752981,8461,892
Cash and cash equivalents415585752981,8461,892
Receivables2,2322,5902,1932,0071,9021,585
Inventory, net of allowances, customer advances and progress billings3,5943,0542,3622,7391,7031,676
Inventory3,5943,0542,3622,7391,7031,676
Prepaid expense222152    
Contract with customer, asset9491,104
Disposal group, including discontinued operation  694688  
Deferred tax assets    171
Other undisclosed current assets  238217202114
Total current assets:7,4126,9586,0625,9495,6535,438
Noncurrent Assets
Operating lease, right-of-use asset2,075
Property, plant and equipment1,9191,8231,3321,3131,3201,287
Deferred income tax assets34
Other noncurrent assets15318620925611585
Deferred tax assets, net3468747592665
Total noncurrent assets:4,1812,0431,6092,3162,0272,037
TOTAL ASSETS:11,5939,0017,6718,2657,6807,475
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,745824817319468579
Accounts payable2,210    726
Accrued liabilities535    579
Employee-related liabilities 473309209370354
Taxes payable 2018203128
Other undisclosed accounts payable and accrued liabilities 3314909067(1,108)
Debt1,1071,1211,70660390122
Due to related parties     4
Customer advances and deposits219332967
Other undisclosed current liabilities 1,6491,0451,204764722
Total current liabilities:3,8523,5943,7872,1591,3511,494
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,740801130445468681
Long-term debt, excluding current maturities795801130445468559
Operating lease, liability1,945
Other undisclosed long-term debt and lease obligation     122
Total noncurrent liabilities:2,740801130445468681
Total liabilities:6,5924,3953,9172,6041,8192,175
Stockholders' equity
Stockholders' equity attributable to parent5,0014,6063,7545,6615,8615,422
Common stock606060606060
Treasury stock, value    (9)(9)
Additional paid in capital12,62612,54512,43712,32912,27712,342
Accumulated deficit(7,685)(7,999)(8,743)(6,728)(6,467)(6,971)
Total stockholders' equity:5,0014,6063,7545,6615,8615,422
Other undisclosed liabilities and equity     (122)
TOTAL LIABILITIES AND EQUITY:11,5939,0017,6718,2657,6807,475

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

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Revenues25,69020,55518,39616,30216,19413,562
Revenue, net18,39616,30216,19413,562
Cost of revenue(16,243)(13,591)(13,615)(11,047)(10,883)(9,287)
Cost of goods and services sold(19)(35)(13,615)(11,047)(10,883)(9,287)
Gross profit:9,4476,9644,7815,2555,3114,275
Operating expenses(7,895)(6,197)(6,049)(5,644)(4,454)(3,962)
Operating income (loss):1,552767(1,268)(389)857313
Interest and debt expense(105)(112)(74)(24)(25)(28)
Income (loss) from continuing operations before equity method investments, income taxes:1,447655(1,342)(413)832285
Other undisclosed income from continuing operations before income taxes  8   
Income (loss) from continuing operations before income taxes:1,447655(1,334)(413)832285
Income tax expense (benefit)(61)(13)(681)152(328)(165)
Other undisclosed loss from continuing operations(13)     
Net income (loss) attributable to parent:1,373642(2,015)(261)504120
Undistributed earnings (loss) allocated to participating securities, basic(91)(78) 
Other undisclosed net loss available to common stockholders, basic(78)    (7)
Net income (loss) available to common stockholders, diluted:1,204564(2,015)(261)504113

Comprehensive Income ($ in thousands)

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Net income (loss):1,373642(2,015)(261)504120
Comprehensive income (loss), net of tax, attributable to parent:1,373642(2,015)(261)504120

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.

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