Solid State plc (AIM:SOLI)

Solid State Balance Sheet

Financials in millions GBP. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	3.51	8.45	12.22	4.98	6.91
Cash & Short-Term Investments	3.51	8.45	12.22	4.98	6.91
Cash Growth	-58.40%	-30.91%	145.31%	-27.93%	96.59%
Accounts Receivable	18.36	28	16.38	14.95	11.68
Other Receivables	1.2	0.15	0.16	0.13	0.16
Receivables	19.56	28.15	16.54	15.07	11.84
Inventory	28.24	25.08	33.23	17.6	10.63
Prepaid Expenses	3.05	3.38	3.16	2.9	2.38
Total Current Assets	54.35	65.06	65.15	40.56	31.95
Property, Plant & Equipment	11.56	7.82	6.7	5.4	5.46
Goodwill	26.83	29.41	29.73	9.9	9.9
Other Intangible Assets	8.5	9.26	11.16	5.73	6.56
Long-Term Deferred Tax Assets	1.46	0.61	0.38	0.54	-
Long-Term Deferred Charges	1.63	1.44	0.68	0.2	0.1
Total Assets	104.34	113.58	113.79	62.33	53.97
Accounts Payable	10.07	10.01	12.92	8.08	4.19
Accrued Expenses	6.24	11.31	10.44	8.32	5.04
Short-Term Debt	-	2.06	-	2.06	-
Current Portion of Long-Term Debt	8.63	1.34	1.28	-	-
Current Portion of Leases	1.4	1.11	1.06	0.76	0.74
Current Income Taxes Payable	0.23	1.22	1.11	0.53	0.8
Current Unearned Revenue	5.85	6.46	5.38	3.46	2.3
Other Current Liabilities	1.08	0.45	6.38	4.71	2.66
Total Current Liabilities	33.5	33.96	38.56	27.92	15.73
Long-Term Debt	1.94	9.72	13.38	1.5	3.75
Long-Term Leases	4.6	2.47	0.99	1.33	1.8
Long-Term Deferred Tax Liabilities	1.55	1.98	2.19	1.83	1.49
Other Long-Term Liabilities	1.26	0.84	0.72	2.67	5.69
Total Liabilities	42.85	48.96	55.83	35.25	28.47
Common Stock	2.85	0.57	0.57	0.43	0.43
Additional Paid-In Capital	28.3	30.58	30.47	3.63	3.63
Retained Earnings	33.15	35.09	27.81	23.04	21.51
Treasury Stock	-0.54	-0.04	-0.11	-0.06	-0.07
Comprehensive Income & Other	-2.27	-1.58	-0.83	0.04	0.01
Total Common Equity	61.5	64.62	57.91	27.08	25.5
Minority Interest	-	-	0.05	-	-
Shareholders' Equity	61.5	64.62	57.95	27.08	25.5
Total Liabilities & Equity	104.34	113.58	113.79	62.33	53.97
Total Debt	16.57	16.69	16.71	5.64	6.29
Net Cash (Debt)	-13.06	-8.24	-4.48	-0.66	0.62
Net Cash Growth	-	-	-	-	-69.50%
Net Cash Per Share	-0.23	-0.14	-0.08	-0.02	0.01
Filing Date Shares Outstanding	56.66	56.78	56.69	56.58	42.77
Total Common Shares Outstanding	56.66	56.78	56.69	42.79	42.77
Working Capital	20.85	31.1	26.59	12.64	16.22
Book Value Per Share	1.09	1.14	1.02	0.63	0.60
Tangible Book Value	26.16	25.95	17.03	11.45	9.05
Tangible Book Value Per Share	0.46	0.46	0.30	0.27	0.21
Land	0.49	0.49	0.5	0.47	0.45
Machinery	8.88	7.65	7.18	4.94	4.25
Leasehold Improvements	3.78	2.7	2.07	1.98	1.95
Order Backlog	108.5	88.4	120.1	85.5	41.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.