Innovative Aerosystems, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $2.7M | $539.0K | $3.1M | $17.3M | $8.3M | $12.6M | $22.4M | $20.4M |
| Accounts Receivable | $13.0M | $12.6M | $9.7M | $4.3M | $4.0M | $4.4M | $2.3M | $3.4M |
| Inventory | $25.8M | $12.7M | $6.1M | $5.3M | $4.5M | $4.3M | $4.5M | $4.3M |
| Total Current Assets | $50.7M | $34.7M | $34.7M | $28.2M | $17.7M | $33.1M | $30.0M | $28.7M |
| Property, Plant & Equipment | $18.8M | $13.4M | $7.9M | $6.3M | $8.1M | $8.2M | $8.4M | $8.8M |
| Goodwill | $6.7M | $5.2M | $3.6M | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $23.6M | $27.0M | $16.2M | $60.3K | $62.5K | $112.9K | $49.2K | $68.6K |
| Total Assets | $103.4M | $82.4M | $63.0M | $34.7M | $27.1M | $41.5M | $38.7M | $37.6M |
| Liabilities | ||||||||
| Accounts Payable | $3.6M | $2.3M | $1.3M | $708.8K | $623.6K | $790.9K | $1.1M | $1.5M |
| Total Current Liabilities | $16.7M | $7.3M | $6.4M | $3.9M | $2.5M | $13.6M | $2.3M | $3.3M |
| Long-Term Debt | $21.7M | $28.0M | $17.5M | — | — | — | — | — |
| Total Liabilities | $38.8M | $35.7M | $24.3M | $4.0M | $2.5M | $13.8M | $2.4M | $3.5M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $28.3M | $12.7M | $5.7M | $-359.0K | $-5.9M | $-2.3M | $5.6M | $3.7M |
| Total Stockholders' Equity | $64.6M | $46.6M | $38.6M | $30.7M | $24.6M | $27.8M | $36.2M | $34.2M |