Solid State plc (AIM: SOLI)

Solid State Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	8.45	8.45	12.22	4.98	6.91	3.52
Cash & Short-Term Investments	8.45	8.45	12.22	4.98	6.91	3.52
Cash Growth	-30.91%	-30.91%	145.31%	-27.93%	96.59%	-4.74%
Accounts Receivable	28	28	16.38	14.95	11.68	11.11
Other Receivables	0.15	0.15	0.16	0.13	0.16	0.03
Receivables	28.15	28.15	16.54	15.07	11.84	11.14
Inventory	25.08	25.08	33.23	17.6	10.63	9.66
Prepaid Expenses	3.38	3.38	3.16	2.9	2.38	2.72
Total Current Assets	65.06	65.06	65.15	40.56	31.95	27.12
Property, Plant & Equipment	7.82	7.82	6.7	5.4	5.46	3.34
Goodwill	29.41	29.41	29.73	9.9	9.9	6.3
Other Intangible Assets	9.26	9.26	11.16	5.73	6.56	1.81
Long-Term Deferred Tax Assets	0.61	0.61	0.38	0.54	-	-
Long-Term Deferred Charges	1.44	1.44	0.68	0.2	0.1	0.1
Total Assets	113.58	113.58	113.79	62.33	53.97	38.68
Accounts Payable	10.01	10.01	12.92	8.08	4.19	5.75
Accrued Expenses	11.31	11.31	10.44	8.32	5.04	4.83
Short-Term Debt	2.06	2.06	-	2.06	-	-
Current Portion of Long-Term Debt	1.34	1.34	1.28	-	-	0.33
Current Portion of Leases	1.11	1.11	1.06	0.76	0.74	0.47
Current Income Taxes Payable	1.22	1.22	1.11	0.53	0.8	0.77
Current Unearned Revenue	6.46	6.46	5.38	3.46	2.3	2.49
Other Current Liabilities	0.45	0.45	6.38	4.71	2.66	0.01
Total Current Liabilities	33.96	33.96	38.56	27.92	15.73	14.66
Long-Term Debt	9.72	9.72	13.38	1.5	3.75	-
Long-Term Leases	2.47	2.47	0.99	1.33	1.8	0.68
Long-Term Deferred Tax Liabilities	1.98	1.98	2.19	1.83	1.49	0.51
Other Long-Term Liabilities	0.84	0.84	0.72	2.67	5.69	0.3
Total Liabilities	48.96	48.96	55.83	35.25	28.47	16.15
Common Stock	0.57	0.57	0.57	0.43	0.43	0.43
Additional Paid-In Capital	30.58	30.58	30.47	3.63	3.63	3.63
Retained Earnings	35.09	35.09	27.81	23.04	21.51	18.52
Treasury Stock	-0.04	-0.04	-0.11	-0.06	-0.07	-0.04
Comprehensive Income & Other	-1.58	-1.58	-0.83	0.04	0.01	-0
Total Common Equity	64.62	64.62	57.91	27.08	25.5	22.53
Minority Interest	-	-	0.05	-	-	-
Shareholders' Equity	64.62	64.62	57.95	27.08	25.5	22.53
Total Liabilities & Equity	113.58	113.58	113.79	62.33	53.97	38.68
Total Debt	16.69	16.69	16.71	5.64	6.29	1.48
Net Cash (Debt)	-8.24	-8.24	-4.48	-0.66	0.62	2.04
Net Cash Growth	-	-	-	-	-69.50%	-
Net Cash Per Share	-0.14	-0.14	-0.08	-0.02	0.01	0.05
Filing Date Shares Outstanding	56.78	56.78	56.69	56.58	42.77	42.71
Total Common Shares Outstanding	56.78	56.78	56.69	42.79	42.77	42.71
Working Capital	31.1	31.1	26.59	12.64	16.22	12.46
Book Value Per Share	1.14	1.14	1.02	0.63	0.60	0.53
Tangible Book Value	25.95	25.95	17.03	11.45	9.05	14.42
Tangible Book Value Per Share	0.46	0.46	0.30	0.27	0.21	0.34
Land	0.49	0.49	0.5	0.47	0.45	-
Machinery	7.65	7.65	7.18	4.94	4.25	3.99
Leasehold Improvements	2.7	2.7	2.07	1.98	1.95	1.52
Order Backlog	88.4	88.4	120.1	85.5	41.3	37.9

Source: S&P Capital IQ. Standard template. Financial Sources.