MIMO · Airspan Networks Holdings Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Revenue | $77.57M | $167.26M | $172.96M | - |
| Cost of Revenue | $58.12M | $100.82M | $88.85M | - |
| Gross Profit | $19.45M | $66.44M | $84.10M | - |
| R&D | $44.97M | $61.38M | $52.86M | - |
| SG&A | $21.69M | $40.07M | $16.55M | - |
| Total Operating Expenses | $90.43M | $134.45M | $99.91M | - |
| D&A | $3.15M | $4.62M | $4.64M | - |
| Operating Income | ($70.97M) | ($68.01M) | ($15.80M) | - |
| Interest Expense | - | - | - | - |
| Income Tax | ($496.0K) | ($197.0K) | ($782.0K) | - |
| Net Income | ($78.89M) | ($85.38M) | ($25.64M) | - |
| EPS - Basic | - | - | - | - |
| EPS - Diluted | - | - | - | - |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash & Equivalents | $7.52M | $7.25M | $62.94M | $1.18M |
| Accounts Receivable | $10.42M | $46.56M | $57.98M | - |
| Inventory | $4.08M | $18.56M | $17.22M | - |
| Accounts Payable | $9.48M | $26.17M | $29.71M | $96.2K |
| Current Assets | $37.13M | $89.70M | $157.15M | $1.50M |
| Total Assets | $47.27M | $125.09M | $195.50M | $117.66M |
| Current Liabilities | $194.32M | $198.67M | $73.62M | $96.2K |
| Long-term Debt | - | - | $431.0K | - |
| Total Liabilities | $198.24M | $205.89M | $211.75M | $4.12M |
| Stockholders' Equity | ($150.97M) | ($80.80M) | ($360.89M) | $5.00M |
| Retained Earnings | ($930.12M) | ($851.23M) | ($765.85M) | ($202.7K) |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Operating Cash Flow | ($39.68M) | ($47.16M) | ($20.37M) | - |
| Investing Cash Flow | $53.70M | ($3.10M) | ($2.23M) | - |
| Financing Cash Flow | ($13.79M) | ($5.58M) | $38.20M | - |
| CapEx | $1.27M | $3.10M | $2.23M | - |
| Free Cash Flow | ($40.95M) | ($50.26M) | ($22.59M) | - |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | 25.1% | 39.7% | 48.6% | - |
| Operating margin | -91.5% | -40.7% | -9.1% | - |
| EBITDA margin | -87.4% | -37.9% | -6.5% | - |
| Net margin | -101.7% | -51.0% | -14.8% | - |
| Free cash flow margin | -52.8% | -30.0% | -13.1% | - |
| FCF / Net income | 0.52 | 0.59 | 0.88 | - |
| R&D / Revenue | 58.0% | 36.7% | 30.6% | - |
| SG&A / Revenue | 28.0% | 24.0% | 9.6% | - |
| Effective tax rate | - | - | - | - |
| Return on assets | -166.9% | -68.3% | -13.1% | - |
| Return on equity | 52.3% | 105.7% | 7.1% | - |
| Return on invested capital | - | - | - | - |
| Liquidity | ||||
| Current ratio | 0.19 | 0.45 | 2.13 | 15.58 |
| Quick ratio | 0.17 | 0.36 | 1.90 | 15.58 |
| Cash ratio | 0.04 | 0.04 | 0.85 | 12.30 |
| Leverage | ||||
| Debt / Equity | - | - | -0.00 | - |
| Debt / Assets | - | - | 0.00 | - |
| Debt / EBITDA | - | - | - | - |
| Interest coverage | - | - | - | - |
| Equity multiplier | -0.31 | -1.55 | -0.54 | 23.53 |
| Liabilities / Assets | 4.19 | 1.65 | 1.08 | 0.04 |
| Efficiency | ||||
| Asset turnover | 1.64 | 1.34 | 0.88 | - |
| Inventory turnover | 14.25 | 5.43 | 5.16 | - |
| Days sales outstanding | 49d | 102d | 122d | - |
| Days inventory outstanding | 26d | 67d | 71d | - |
| Days payable outstanding | 60d | 95d | 122d | - |
| Cash conversion cycle | 15d | 74d | 71d | - |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | - | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | -53.6% | -3.3% | - | - |
| Revenue CAGR (3y) | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | -70.7% | -21.0% | - | - |
| Operating income growth (YoY) | -4.4% | -330.4% | - | - |
| Net income growth (YoY) | 7.6% | -233.0% | - | - |
| EPS growth (YoY) | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | 18.5% | -122.5% | - | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | -86.8% | 77.6% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$155.14M totalProducts And Software Licenses$64.08M · 41.3%
Product Sales$60.69M · 39.1%
Maintenance Warranty And Services$13.48M · 8.7%
Product Maintenance Contracts$8.38M · 5.4%
Software Licenses$3.10M · 2.0%
Nonrecurring Engineering$2.71M · 1.7%
Professional Service Contracts$2.40M · 1.5%
Other$294.0K · 0.2%
Geographic
$146.46M totalAsia$51.96M · 35.5%
IN$26.36M · 18.0%
JP$22.87M · 15.6%
North America$16.93M · 11.6%
US$16.72M · 11.4%
Europe$4.31M · 2.9%
Other Asia$2.74M · 1.9%
Africa$2.38M · 1.6%
Latin America$2.00M · 1.4%
Other North America And Canada$207.0K · 0.1%
Stability scores
Altman Z′
FY 2023 · bankruptcy risk
-22.40
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2023 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing Airspan Networks Holdings Inc. against the 5 most active filers in the same SIC group.