Ionik Corporation (INIKF)

Ionik Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Sep 30, 2021	Dec 31, 2020
Cash & Equivalents	12.67	14.57	7.4	7.8	2.04	18.1
Cash & Short-Term Investments	12.67	14.57	7.4	7.8	2.04	18.1
Cash Growth	50.38%	96.93%	-5.12%	281.73%	-88.72%	1507.02%
Accounts Receivable	36	38.83	29.01	15.42	7.43	1.14
Other Receivables	-	-	-	-	-	0.55
Receivables	36	38.83	29.01	15.42	7.43	1.68
Prepaid Expenses	1.03	1.15	1.18	0.74	0.16	0.3
Other Current Assets	1.29	1.41	10.44	0.36	-	-
Total Current Assets	50.99	55.94	48.02	24.31	9.64	20.08
Property, Plant & Equipment	0.78	0.74	0.82	0.7	0.31	0.32
Goodwill	-	51.27	25.59	44.55	27.58	0.01
Other Intangible Assets	138.38	91.66	61.32	52.28	28.35	5.12
Long-Term Accounts Receivable	-	-	-	-	-	0.1
Long-Term Deferred Tax Assets	6.11	5.65	2	1.53	-	0.07
Other Long-Term Assets	0.93	0.98	1.77	1.12	0.02	0.24
Total Assets	197.19	206.24	139.51	124.49	65.89	25.93
Accounts Payable	51.47	43.49	25.01	7.61	3.3	0.87
Accrued Expenses	-	11.46	9.28	10.14	1.86	-
Short-Term Debt	-	-	-	-	1.3	-
Current Portion of Long-Term Debt	86.72	21.35	11.14	7.85	21.37	1.2
Current Portion of Leases	0.49	0.22	0.58	0.39	0.12	0.21
Current Income Taxes Payable	1.36	0.43	4.86	-	0.32	0.04
Current Unearned Revenue	1.07	0.39	2.87	2.06	0.05	0.91
Other Current Liabilities	3.15	2.39	1.66	1.07	1.8	4.65
Total Current Liabilities	144.27	79.72	55.39	29.11	30.12	7.88
Long-Term Debt	41.67	109.8	81.94	39.56	4.27	4.83
Long-Term Leases	0.76	1.01	0.72	0.15	0.17	0.11
Long-Term Unearned Revenue	-	-	0.21	0.16	-	-
Long-Term Deferred Tax Liabilities	3.16	3.4	0.35	2.44	2.81	-
Other Long-Term Liabilities	30.88	32.5	-	0.84	-	-
Total Liabilities	220.74	226.43	138.6	72.59	37.37	13.41
Common Stock	88.16	86.15	83.83	73.72	28.55	24.58
Additional Paid-In Capital	4.3	4.23	3.8	2.12	-	-
Retained Earnings	-116.07	-112.49	-87.05	-23.98	-0.12	-13.22
Comprehensive Income & Other	0.07	1.91	0.32	0.05	0.09	1.17
Shareholders' Equity	-23.55	-20.19	0.91	51.9	28.52	12.52
Total Liabilities & Equity	197.19	206.24	139.51	124.49	65.89	25.93
Total Debt	129.64	132.38	94.37	47.95	27.23	6.35
Net Cash (Debt)	-116.98	-117.81	-86.98	-40.15	-25.18	11.74
Net Cash Per Share	-0.38	-0.41	-0.31	-0.19	-0.19	0.25
Filing Date Shares Outstanding	352.8	323.5	286.36	282.12	2.88	47.82
Total Common Shares Outstanding	352.8	323.5	284.73	275.27	2.88	47.82
Working Capital	-93.28	-23.78	-7.37	-4.8	-20.48	12.2
Book Value Per Share	-0.07	-0.06	0.00	0.19	9.89	0.26
Tangible Book Value	-161.93	-163.12	-86	-44.93	-27.41	7.39
Tangible Book Value Per Share	-0.46	-0.50	-0.30	-0.16	-9.51	0.15
Machinery	-	-	-	0.34	0.05	0.31
Leasehold Improvements	-	-	-	-	-	0.02

Updated Nov 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.