Video Display Corp (VIDE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1868 TUCKER INDUSTRIAL DR
TUCKER, GA 30084
State of Incorp. GA
Fiscal Year End February 28
Industry (SIC) 367 - Electronic Components And Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

8/31/2023
MRQ
2/28/2023
11/30/2022
MRQ
2/28/2022
2/28/2021
2/29/2020
2/28/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments400283245293844410
Cash and cash equivalents400283245293844410
Receivables8297263901,3141,3051,746
Inventory, net of allowances, customer advances and progress billings2,4582,7873,3424,0274,4803,451
Inventory2,4582,7873,3424,0274,4803,451
Contract with customer, asset, after allowance for credit loss2806914441,534  
Other undisclosed current assets2068311,093279600685
Total current assets:4,1735,3185,5147,4477,2296,292
Noncurrent Assets
Operating lease, right-of-use asset4825995921,1271,631
Property, plant and equipment7037638901,0791,2701,321
Long-term investments and receivables      189
Accounts and financing receivable, after allowance for credit loss      189
Intangible assets, net (including goodwill)  21118247387 
Intangible assets, net (excluding goodwill)  21118247387 
Other noncurrent assets 222225
Total noncurrent assets:1,1871,3851,6022,4553,2901,515
TOTAL ASSETS:5,3606,7037,1169,90210,5197,807
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7252,5372,3201,6362,0491,686
Taxes payable 856 
Employee-related liabilities 298238296
Accounts payable1,6291,4581,4656021,2561,008
Accrued liabilities1,0961,079855728499382
Deferred revenue9741,4141,8721,7172,338
Debt1,4581,3829819855723
Contract with customer, liability865
Other undisclosed current liabilities3133887152951,022364
Total current liabilities:5,4705,7215,0053,8465,9662,938
Noncurrent Liabilities
Long-term debt and lease obligation   3976981,091189
Long-term debt, excluding current maturities      189
Finance lease, liability   64142 
Liabilities, other than long-term debt169211   19
Other liabilities      19
Operating lease, liability1692113335561,091
Other undisclosed noncurrent liabilities   (333)528  
Total noncurrent liabilities:1692113971,7821,091208
Total liabilities:5,6395,9325,4025,6287,0573,146
Equity
Equity, attributable to parent(279)7711,7144,2743,4624,661
Common stock7,2937,2937,2937,2937,2937,293
Treasury stock, value(16,282)(16,282)(16,282)(16,282)(16,282)(16,282)
Additional paid in capital281281281281281274
Retained earnings8,4299,47910,42212,98212,17013,376
Total equity:(279)7711,7144,2743,4624,661
TOTAL LIABILITIES AND EQUITY:5,3606,7037,1169,90210,5197,807

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

8/31/2023
TTM
2/28/2023
11/30/2022
TTM
2/28/2022
2/28/2021
2/29/2020
2/28/2019
Revenues8,1024,6377,00112,54110,59715,023
Cost of revenue
(Cost of Goods and Services Sold)
(6,930)(5,553)(7,324)(9,925)(8,220)(10,983)
Gross profit:1,172(916)(323)2,6162,3774,040
Operating expenses(3,951)(3,740)(4,308)(4,894)(4,260)(4,489)
Operating loss:(2,779)(4,656)(4,631)(2,278)(1,883)(449)
Nonoperating income7862812,0713,123677516
Other nonoperating income765523216410673493
Interest and debt expense (15) 1,084988  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 1,084    
Income (loss) from continuing operations before equity method investments, income taxes:(2,008)(3,291)(1,476)1,833(1,206)67
Other undisclosed income (loss) from continuing operations before income taxes15(1,084)(1,084)(988)  
Income (loss) from continuing operations before income taxes:(1,993)(4,375)(2,560)845(1,206)67
Income tax expense    (33)  
Income (loss) from continuing operations:(1,993)(4,375)(2,560)812(1,206)67
Income (loss) before gain (loss) on sale of properties:(3,662)(2,560)812(1,206)67
Net income (loss) available to common stockholders, diluted:(1,993)(4,375)(2,560)812(1,206)67

Comprehensive Income ($ in thousands)

8/31/2023
TTM
2/28/2023
11/30/2022
TTM
2/28/2022
2/28/2021
2/29/2020
2/28/2019
Net income (loss):(1,993)(4,375)(2,560)812(1,206)67
Comprehensive income (loss), net of tax, attributable to parent:(1,993)(4,375)(2,560)812(1,206)67

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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