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 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $14.26M | $32.12M | $24.77M | - | $41.09M | $42.05M | $45.94M | - | $36.04M |
| Cost of Revenue | - | $9.03M | $25.39M | $14.43M | - | $24.76M | $28.12M | $24.99M | - | $21.82M |
| Gross Profit | - | $5.23M | $6.73M | $10.35M | - | $16.34M | $19.23M | $12.07M | - | $17.34M |
| R&D | - | $9.29M | $13.42M | $14.19M | - | $15.00M | $16.72M | $14.37M | - | $17.53M |
| SG&A | - | $1.93M | $5.75M | $7.67M | - | $9.64M | $4.45M | $4.46M | - | $4.04M |
| Total Operating Expenses | - | $16.12M | $27.50M | $27.99M | - | $33.09M | $37.10M | $37.29M | - | $47.49M |
| D&A | - | - | - | $1.05M | - | - | - | $1.05M | - | - |
| Operating Income | - | ($10.89M) | ($20.76M) | ($17.64M) | - | ($16.76M) | ($18.27M) | ($25.22M) | - | ($30.38M) |
| Interest Expense | - | $4.30M | $5.15M | - | - | - | - | - | - | - |
| Income Tax | - | ($57.0K) | ($154.0K) | ($82.0K) | - | $163.0K | ($112.0K) | $103.0K | - | $457.0K |
| Net Income | - | $9.89M | ($33.61M) | ($20.89M) | - | ($23.31M) | ($21.02M) | ($29.74M) | - | ($26.95M) |
| EPS - Basic | - | ($0.32) | ($0.29) | - | - | - | - | - | - | - |
| EPS - Diluted | - | $0.12 | ($0.45) | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.52M | $8.17M | $10.10M | $3.28M | $7.25M | $27.27M | $36.30M | $45.93M | $62.94M | $85.06M |
| Accounts Receivable | $10.42M | $11.07M | $22.79M | $24.75M | $46.56M | $42.20M | $48.27M | $49.79M | $57.98M | $53.44M |
| Inventory | $4.08M | $10.20M | $10.59M | $15.80M | $18.56M | $15.62M | $17.52M | $18.98M | $17.22M | $13.98M |
| Accounts Payable | $9.48M | $11.08M | $17.39M | $16.96M | $26.17M | $25.81M | $26.67M | $28.62M | $29.71M | $24.70M |
| Current Assets | $37.13M | $47.79M | $75.03M | $74.37M | $89.70M | $102.39M | $118.75M | $133.63M | $157.15M | $164.40M |
| Total Assets | $47.27M | $58.97M | $108.40M | $125.52M | $125.09M | $138.37M | $155.18M | $170.94M | $195.50M | $202.64M |
| Current Liabilities | $194.32M | $172.34M | $78.04M | $201.73M | $198.67M | $199.71M | $72.84M | $71.93M | $73.62M | $68.61M |
| Long-term Debt | - | - | - | - | - | - | - | - | $431.0K | $2.09M |
| Total Liabilities | $198.24M | $176.75M | $238.17M | $225.43M | $205.89M | $209.36M | $208.65M | $210.37M | $211.75M | $208.71M |
| Stockholders' Equity | ($150.97M) | ($117.78M) | ($129.78M) | ($99.91M) | ($80.80M) | ($71.00M) | ($53.47M) | ($39.43M) | ($16.25M) | ($20.49M) |
| Retained Earnings | ($930.12M) | ($895.84M) | ($905.73M) | ($872.12M) | ($851.23M) | ($839.92M) | ($816.61M) | ($795.59M) | ($765.85M) | ($746.25M) |
Cash Flow
| Line item | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($2.36M) | - | - | - | ($14.88M) | - | - |
| Investing Cash Flow | - | - | - | ($568.0K) | - | - | - | ($807.0K) | - | - |
| Financing Cash Flow | - | - | - | ($1.04M) | - | - | - | $647.0K | - | - |
| CapEx | - | - | - | $568.0K | - | - | - | $1.39M | - | - |
| Free Cash Flow | - | - | - | ($2.93M) | - | - | - | ($16.27M) | - | - |
Ratios
| Metric | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 36.7% | 21.0% | 41.8% | - | 39.8% | 45.7% | 26.3% | - | 48.1% |
| Operating margin | - | -76.4% | -64.6% | -71.2% | - | -40.8% | -43.5% | -54.9% | - | -84.3% |
| EBITDA margin | - | - | - | -67.0% | - | - | - | -52.6% | - | - |
| Net margin | - | 69.3% | -104.6% | -84.3% | - | -56.7% | -50.0% | -64.7% | - | -74.8% |
| Free cash flow margin | - | - | - | -11.8% | - | - | - | -35.4% | - | - |
| FCF / Net income | - | - | - | 0.14 | - | - | - | 0.55 | - | - |
| R&D / Revenue | - | 65.2% | 41.8% | 57.3% | - | 36.5% | 39.8% | 31.3% | - | 48.6% |
| SG&A / Revenue | - | 13.5% | 17.9% | 30.9% | - | 23.5% | 10.6% | 9.7% | - | 11.2% |
| Effective tax rate | - | -0.6% | - | - | - | - | - | - | - | - |
| Return on assets | - | 16.8% | -31.0% | -16.6% | - | -16.8% | -13.5% | -17.4% | - | -13.3% |
| Return on equity | - | -8.4% | 25.9% | 20.9% | - | 32.8% | 39.3% | 75.4% | - | 131.5% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.19 | 0.28 | 0.96 | 0.37 | 0.45 | 0.51 | 1.63 | 1.86 | 2.13 | 2.40 |
| Quick ratio | 0.17 | 0.22 | 0.83 | 0.29 | 0.36 | 0.43 | 1.39 | 1.59 | 1.90 | 2.19 |
| Cash ratio | 0.04 | 0.05 | 0.13 | 0.02 | 0.04 | 0.14 | 0.50 | 0.64 | 0.85 | 1.24 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | -0.03 | -0.10 |
| Debt / Assets | - | - | - | - | - | - | - | - | 0.00 | 0.01 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -2.5x | -4.0x | - | - | - | - | - | - | - |
| Equity multiplier | -0.31 | -0.50 | -0.84 | -1.26 | -1.55 | -1.95 | -2.90 | -4.34 | -12.03 | -9.89 |
| Liabilities / Assets | 4.19 | 3.00 | 2.20 | 1.80 | 1.65 | 1.51 | 1.34 | 1.23 | 1.08 | 1.03 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.24 | 0.30 | 0.20 | - | 0.30 | 0.27 | 0.27 | - | 0.18 |
| Inventory turnover | - | 0.89 | 2.40 | 0.91 | - | 1.58 | 1.60 | 1.32 | - | 1.56 |
| Days sales outstanding | - | 283d | 259d | 365d | - | 375d | 419d | 396d | - | 541d |
| Days inventory outstanding | - | 412d | 152d | 400d | - | 230d | 227d | 277d | - | 234d |
| Days payable outstanding | - | 448d | 250d | 429d | - | 381d | 346d | 418d | - | 413d |
| Cash conversion cycle | - | 248d | 161d | 335d | - | 225d | 300d | 255d | - | 362d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | -65.3% | -23.6% | -46.1% | - | 14.0% | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | -68.0% | -65.0% | -14.3% | - | -5.8% | - | - | - | - |
| Operating income growth (YoY) | - | 35.0% | -13.6% | 30.1% | - | 44.8% | -782.1% | -4240.3% | - | - |
| Net income growth (YoY) | - | - | -59.9% | 29.8% | - | 13.5% | -172.8% | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 82.0% | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -86.8% | -65.9% | -142.7% | -153.4% | -397.2% | -246.4% | - | - | - | - |
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%
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.