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)

7/31/2020
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,263585752981,846
Cash and cash equivalents 2,263585752981,846
Receivables 2,1042,5902,1932,0071,902
Inventory, net of allowances, customer advances and progress billings 3,5563,0542,3622,7391,703
Inventory 3,5563,0542,3622,7391,703
Prepaid expense 285152   
Contract with customer, asset 9601,104
Disposal group, including discontinued operation   694688 
Other undisclosed current assets   238217202
Total current assets: 9,1686,9586,0625,9495,653
Noncurrent Assets
Operating lease, right-of-use asset 2,008
Property, plant and equipment 1,9831,8231,3321,3131,320
Other noncurrent assets 221186209256115
Deferred tax assets, net3468747592
Total noncurrent assets: 4,2122,0431,6092,3162,027
TOTAL ASSETS: 13,3809,0017,6718,2657,680
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 899824817319468
Employee-related liabilities 742473309209370
Taxes payable 3820182031
Other undisclosed accounts payable and accrued liabilities 1193314909067
Debt 1,2171,1211,70660390
Customer advances and deposits2193329
Other undisclosed current liabilities 1,9491,6491,0451,204764
Total current liabilities: 4,0653,5943,7872,1591,351
Noncurrent Liabilities
Long-term debt and lease obligation 3,887801130445468
Long-term debt, excluding current maturities 2,008801130445468
Operating lease, liability 1,879
Total noncurrent liabilities: 3,887801130445468
Total liabilities: 7,9524,3953,9172,6041,819
Stockholders' equity
Stockholders' equity attributable to parent 5,4284,6063,7545,6615,861
Common stock 6060606060
Treasury stock, value     (9)
Additional paid in capital 12,65312,54512,43712,32912,277
Accumulated deficit (7,285)(7,999)(8,743)(6,728)(6,467)
Total stockholders' equity: 5,4284,6063,7545,6615,861
TOTAL LIABILITIES AND EQUITY: 13,3809,0017,6718,2657,680

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

7/31/2020
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues 26,13320,55518,39616,30216,194
Revenue, net18,39616,30216,194
Cost of revenue (17,124)(13,591)(13,615)(11,047)(10,883)
Cost of goods and services sold  (35)(13,615)(11,047)(10,883)
Gross profit: 9,0096,9644,7815,2555,311
Operating expenses (8,124)(6,197)(6,049)(5,644)(4,454)
Operating income (loss): 885767(1,268)(389)857
Interest and debt expense (96)(112)(74)(24)(25)
Income (loss) from continuing operations before equity method investments, income taxes: 789655(1,342)(413)832
Other undisclosed income from continuing operations before income taxes   8  
Income (loss) from continuing operations before income taxes: 789655(1,334)(413)832
Income tax expense (benefit) (75)(13)(681)152(328)
Net income (loss) attributable to parent: 714642(2,015)(261)504
Undistributed earnings (loss) allocated to participating securities, basic (87)(78) 
Net income (loss) available to common stockholders, diluted: 627564(2,015)(261)504

Comprehensive Income ($ in thousands)

7/31/2020
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income (loss): 714642(2,015)(261)504
Comprehensive income (loss), net of tax, attributable to parent: 714642(2,015)(261)504

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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