Inrad Optics, Inc. financial data

Industry
Electronic Components, NEC
Location
181 Legrand Ave, Northvale, NJ
State of incorporation
New Jersey
Fiscal year end
December 31
Former names
PHOTONIC PRODUCTS GROUP INC (to 2/14/2012), INRAD INC (to 4/14/2004)
Latest financial report
10-Q - Q1 2024 - May 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 278 % -15.4%
Quick Ratio 107 % -30.8%
Debt-to-equity 86.3 % -39.4%
Return On Equity 59.1 % +969%
Return On Assets 31.7 % +1292%
Operating Margin 13.3 % +299%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 14.3M shares +0.35%
Entity Public Float 5.76M USD 0%
Common Stock, Value, Issued 143K USD +0.35%
Weighted Average Number of Shares Outstanding, Basic 14.3M shares +1.16%
Weighted Average Number of Shares Outstanding, Diluted 17.2M shares +16.5%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 13M USD +18.1%
Costs and Expenses 11.3M USD +5.94%
Operating Income (Loss) 1.73M USD +372%
Nonoperating Income (Expense) -141K USD +13.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.59M USD +682%
Income Tax Expense (Benefit) 1M USD
Net Income (Loss) Attributable to Parent 3.56M USD +1654%
Earnings Per Share, Basic 0.25 USD/shares +1150%
Earnings Per Share, Diluted 0.21 USD/shares +950%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.5M USD +25.1%
Accounts Receivable, after Allowance for Credit Loss, Current 1.33M USD -9.16%
Inventory, Net 3.38M USD +12.6%
Other Assets, Current 831K USD +422%
Assets, Current 8.04M USD +21.4%
Deferred Income Tax Assets, Net 1.97M USD
Property, Plant and Equipment, Net 1.58M USD +16.1%
Operating Lease, Right-of-Use Asset 368K USD -44.8%
Other Assets, Noncurrent 27K USD 0%
Assets 12.5M USD +35.8%
Contract with Customer, Liability, Current 1.06M USD -2.05%
Liabilities, Current 4.7M USD +115%
Operating Lease, Liability, Noncurrent 54K USD -85.3%
Liabilities 4.98M USD -6.97%
Retained Earnings (Accumulated Deficit) -12.7M USD +21.8%
Stockholders' Equity Attributable to Parent 7.56M USD +94.8%
Liabilities and Equity 12.5M USD +35.8%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -96.4K USD -159%
Net Cash Provided by (Used in) Financing Activities -12.1K USD -179%
Net Cash Provided by (Used in) Investing Activities -368K USD -96%
Common Stock, Shares Authorized 60M shares 0%
Common Stock, Shares, Issued 14.3M shares +0.35%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -477K USD -5412%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.5M USD +25.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 41.5K USD -2.25%
Deferred Tax Assets, Valuation Allowance 1.03M USD -68.2%
Deferred Tax Assets, Gross 2.14M USD -35.9%
Operating Lease, Liability 443K USD -40.1%
Payments to Acquire Property, Plant, and Equipment 368K USD +96%
Lessee, Operating Lease, Liability, to be Paid 460K USD -41.6%
Property, Plant and Equipment, Gross 16.7M USD +3.36%
Operating Lease, Liability, Current 314K USD +5.2%
Lessee, Operating Lease, Liability, to be Paid, Year Two 325K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year One 328K USD +128%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 17K USD -64.6%
Lessee, Operating Lease, Liability, to be Paid, Year Three 135K USD 0%
Deferred Tax Assets, Operating Loss Carryforwards 1.46M USD -43.1%
Unrecognized Tax Benefits 0 USD
Operating Lease, Payments 200K USD 0%
Depreciation, Depletion and Amortization 88.6K USD +19.2%
Deferred Tax Assets, Net of Valuation Allowance 1M USD