Inrad Optics, Inc. financial data

Location
181 Legrand Ave, Northvale, NJ
State of incorporation
NJ
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