Ionik Corporation (TSXV:INIK)

Ionik Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Sep 30, 2021	Dec 31, 2020
Cash & Equivalents	14.57	7.4	7.8	2.04	18.1
Cash & Short-Term Investments	14.57	7.4	7.8	2.04	18.1
Cash Growth	96.93%	-5.12%	281.73%	-88.72%	1507.02%
Accounts Receivable	38.83	29.01	15.42	7.43	1.14
Other Receivables	-	-	-	-	0.55
Receivables	38.83	29.01	15.42	7.43	1.68
Prepaid Expenses	1.15	1.16	0.74	0.16	0.3
Other Current Assets	1.41	9.15	0.36	-	-
Total Current Assets	55.94	46.72	24.31	9.64	20.08
Property, Plant & Equipment	0.74	0.82	0.7	0.31	0.32
Goodwill	-	25.59	44.55	27.58	0.01
Other Intangible Assets	142.93	62.6	52.28	28.35	5.12
Long-Term Accounts Receivable	-	-	-	-	0.1
Long-Term Deferred Tax Assets	5.65	1.94	1.53	-	0.07
Other Long-Term Assets	0.98	1.79	1.12	0.02	0.24
Total Assets	206.24	139.46	124.49	65.89	25.93
Accounts Payable	55.95	25.01	7.61	3.3	0.87
Accrued Expenses	0.43	14.13	10.14	1.86	-
Short-Term Debt	-	-	-	1.3	-
Current Portion of Long-Term Debt	21.35	11.14	7.85	21.37	1.2
Current Portion of Leases	0.22	0.58	0.39	0.12	0.21
Current Income Taxes Payable	-	-	-	0.32	0.04
Current Unearned Revenue	0.39	2.87	2.06	0.05	0.91
Other Current Liabilities	1.39	1.6	1.07	1.8	4.65
Total Current Liabilities	79.72	55.33	29.11	30.12	7.88
Long-Term Debt	109.8	81.94	39.56	4.27	4.83
Long-Term Leases	1.01	0.72	0.15	0.17	0.11
Long-Term Unearned Revenue	-	0.21	0.16	-	-
Long-Term Deferred Tax Liabilities	3.4	0.35	2.44	2.81	-
Other Long-Term Liabilities	32.5	-	0.84	-	-
Total Liabilities	226.43	138.55	72.59	37.37	13.41
Common Stock	86.15	83.83	73.72	28.55	24.58
Additional Paid-In Capital	4.23	3.8	2.12	-	-
Retained Earnings	-112.49	-87.05	-23.98	-0.12	-13.22
Comprehensive Income & Other	1.91	0.32	0.05	0.09	1.17
Shareholders' Equity	-20.19	0.91	51.9	28.52	12.52
Total Liabilities & Equity	206.24	139.46	124.49	65.89	25.93
Total Debt	132.38	94.37	47.95	27.23	6.35
Net Cash (Debt)	-117.81	-86.98	-40.15	-25.18	11.74
Net Cash Per Share	-0.41	-0.31	-0.19	-0.19	0.25
Filing Date Shares Outstanding	298.66	286.36	282.12	2.88	47.82
Total Common Shares Outstanding	298.66	284.73	275.27	2.88	47.82
Working Capital	-23.78	-8.62	-4.8	-20.48	12.2
Book Value Per Share	-0.07	0.00	0.19	9.89	0.26
Tangible Book Value	-163.12	-87.28	-44.93	-27.41	7.39
Tangible Book Value Per Share	-0.55	-0.31	-0.16	-9.51	0.15
Machinery	-	0.87	0.34	0.05	0.31
Leasehold Improvements	-	-	-	-	0.02

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