SUMR · Summer Infant, 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 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $143.66M | $155.30M | $173.18M | $189.87M | $189.87M | $194.33M |
| Cost of Revenue | $104.29M | $104.45M | $118.30M | $129.67M | - | - |
| Gross Profit | $39.38M | $50.85M | $54.88M | $55.12M | $60.20M | $61.75M |
| R&D | - | - | - | - | - | - |
| SG&A | $28.66M | $29.36M | $34.82M | $38.88M | $38.88M | $41.29M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $2.24M | $3.35M | $3.72M | $4.18M | $4.20M | $5.01M |
| Operating Income | ($2.31M) | $4.89M | $1.80M | ($373.0K) | $2.89M | ($2.81M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $1.18M | $117.0K | $1.09M | ($564.0K) | $2.17M | ($1.17M) |
| Net Income | ($2.90M) | ($1.10M) | ($4.16M) | ($4.25M) | ($2.25M) | ($4.32M) |
| EPS - Basic | ($1.35) | ($0.52) | - | - | - | - |
| EPS - Diluted | ($1.35) | ($0.52) | - | - | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $535.0K | $510.0K | $395.0K | $721.0K | $681.0K | $999.0K |
| Accounts Receivable | $30.93M | $26.00M | $32.79M | $31.22M | $36.64M | $34.14M |
| Inventory | $28.62M | $25.12M | $28.06M | $36.07M | $34.03M | $36.14M |
| Accounts Payable | $27.98M | $27.99M | $25.40M | $28.12M | $24.64M | $30.68M |
| Current Assets | $61.23M | $53.48M | $64.18M | $69.01M | $72.31M | $73.01M |
| Total Assets | $91.23M | $74.74M | $91.54M | $94.22M | $98.03M | $101.74M |
| Current Liabilities | $38.94M | $38.52M | $36.05M | $37.93M | $37.71M | $42.94M |
| Long-term Debt | $37.42M | $27.54M | $45.36M | $44.64M | $41.21M | - |
| Total Liabilities | $88.66M | $69.62M | $85.96M | $84.95M | $84.39M | $86.92M |
| Stockholders' Equity | $2.58M | $5.12M | $5.58M | $9.27M | $13.64M | $14.82M |
| Retained Earnings | ($73.09M) | ($70.19M) | ($69.09M) | ($63.88M) | ($59.63M) | ($57.38M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($8.39M) | $17.61M | $1.53M | $5.55M | $8.79M | $8.79M |
| Investing Cash Flow | ($1.25M) | ($1.28M) | ($2.33M) | ($3.47M) | ($2.27M) | ($2.27M) |
| Financing Cash Flow | $9.65M | ($16.64M) | $719.0K | ($2.00M) | ($6.55M) | ($6.55M) |
| CapEx | $1.16M | $1.26M | $1.99M | $3.47M | $3.10M | $2.27M |
| Free Cash Flow | ($9.55M) | $16.35M | ($456.0K) | $2.07M | $5.68M | $6.52M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 27.4% | 32.7% | 31.7% | 29.0% | 31.7% | 31.8% |
| Operating margin | -1.6% | 3.2% | 1.0% | -0.2% | 1.5% | -1.4% |
| EBITDA margin | -0.0% | 5.3% | 3.2% | 2.0% | 3.7% | 1.1% |
| Net margin | -2.0% | -0.7% | -2.4% | -2.2% | -1.2% | -2.2% |
| Free cash flow margin | -6.6% | 10.5% | -0.3% | 1.1% | 3.0% | 3.4% |
| FCF / Net income | 3.30 | -14.84 | 0.11 | -0.49 | -2.53 | -1.51 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 20.0% | 18.9% | 20.1% | 20.5% | 20.5% | 21.2% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -3.2% | -1.5% | -4.5% | -4.5% | -2.3% | -4.2% |
| Return on equity | -112.5% | -21.5% | -74.6% | -45.9% | -16.5% | -29.2% |
| Return on invested capital | -4.6% | 11.8% | 2.8% | -0.5% | 4.2% | - |
| Liquidity | ||||||
| Current ratio | 1.57 | 1.39 | 1.78 | 1.82 | 1.92 | 1.70 |
| Quick ratio | 0.84 | 0.74 | 1.00 | 0.87 | 1.01 | 0.86 |
| Cash ratio | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
| Leverage | ||||||
| Debt / Equity | 14.53 | 5.38 | 8.12 | 4.82 | 3.02 | - |
| Debt / Assets | 0.41 | 0.37 | 0.50 | 0.47 | 0.42 | - |
| Debt / EBITDA | - | 3.34 | 8.21 | 11.72 | 5.81 | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 35.43 | 14.60 | 16.40 | 10.16 | 7.19 | 6.86 |
| Liabilities / Assets | 0.97 | 0.93 | 0.94 | 0.90 | 0.86 | 0.85 |
| Efficiency | ||||||
| Asset turnover | 1.57 | 2.08 | 1.89 | 2.02 | 1.94 | 1.91 |
| Inventory turnover | 3.64 | 4.16 | 4.22 | 3.60 | - | - |
| Days sales outstanding | 79d | 61d | 69d | 60d | 70d | 64d |
| Days inventory outstanding | 100d | 88d | 87d | 102d | - | - |
| Days payable outstanding | 98d | 98d | 78d | 79d | - | - |
| Cash conversion cycle | 81d | 51d | 77d | 82d | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -7.5% | -10.3% | -8.8% | 0.0% | -2.3% | -5.4% |
| Revenue CAGR (3y) | -8.9% | -6.5% | -3.8% | -2.6% | -2.6% | -2.3% |
| Revenue CAGR (5y) | -5.9% | -5.4% | -3.4% | -1.8% | -5.1% | - |
| Gross profit growth (YoY) | -22.6% | -7.3% | -0.4% | -8.4% | -2.5% | -7.8% |
| Operating income growth (YoY) | - | 171.5% | - | - | - | - |
| Net income growth (YoY) | -163.0% | 73.5% | 2.0% | -89.0% | 48.0% | -1664.1% |
| EPS growth (YoY) | -159.6% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | -63.5% | -12.8% | - |
| FCF CAGR (5y) | - | - | - | -33.4% | - | - |
| Book value growth (YoY) | -49.7% | -8.3% | -39.8% | -32.0% | -7.9% | -46.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-01-01.
Geographic
$143.66M totalUS$132.15M · 92.0%
Canada Europe South America Mexico Asia And Middle East$11.51M · 8.0%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
1.00
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 2021 · 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: Miscellaneous Manufacturing Industries
Comparing Summer Infant against the 5 most active filers in the same SIC group.