Shift Technologies, Inc. financial data

Symbol
SFTGQ on OTC
Industry
Retail-Auto Dealers & Gasoline Stations
Location
2525 16 Th Street, Suite 316, San Francisco, California
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Insurance Acquisition Corp. (to 10/13/2020)
Latest financial report
Q2 2023 - Aug 11, 2023

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 151 % -30.7%
Quick Ratio 45.3 % -50.7%
Debt-to-equity -283 % -144%
Return On Equity 139 %
Return On Assets -76.3 % -33.9%
Operating Margin -61.2 % -147%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 17 M shares -80%
Common Stock, Shares, Outstanding 17 M shares -80%
Entity Public Float 55 M USD -90.1%
Common Stock, Value, Issued 2 K USD -77.8%
Weighted Average Number of Shares Outstanding, Basic 17 M shares +109%
Weighted Average Number of Shares Outstanding, Diluted 17 M shares +109%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 329 M USD -59.9%
Operating Income (Loss) -201 M USD +0.99%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -136 M USD +32.5%
Income Tax Expense (Benefit) 168 K USD -42.9%
Net Income (Loss) Attributable to Parent -137 M USD +32%
Earnings Per Share, Basic -10.9 USD/shares +67.8%
Earnings Per Share, Diluted -10.9 USD/shares +67.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 23.3 M USD -73.7%
Marketable Securities, Current 0 USD
Accounts Receivable, after Allowance for Credit Loss, Current 3.94 M USD -55.7%
Inventory, Net 24 M USD -82.4%
Assets, Current 77.9 M USD -67.4%
Property, Plant and Equipment, Net 1.82 M USD -82%
Operating Lease, Right-of-Use Asset 16.5 M USD -56.8%
Intangible Assets, Net (Excluding Goodwill) 9.26 M USD -61.5%
Goodwill 2.07 M USD -18%
Other Assets, Noncurrent 1.32 M USD -57.8%
Assets 110 M USD -66.6%
Accounts Payable, Current 8.42 M USD -65%
Employee-related Liabilities, Current 3.54 M USD -45.7%
Accrued Liabilities, Current 16.5 M USD -44.9%
Liabilities, Current 58.8 M USD -61.9%
Operating Lease, Liability, Noncurrent 16.1 M USD -53.8%
Other Liabilities, Noncurrent 51 K USD -96.9%
Liabilities 241 M USD -31.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax 0 USD
Retained Earnings (Accumulated Deficit) -687 M USD -24.9%
Stockholders' Equity Attributable to Parent -131 M USD -442%
Liabilities and Equity 110 M USD -66.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -36.3 M USD +63.1%
Net Cash Provided by (Used in) Financing Activities -2.87 M USD -120%
Net Cash Provided by (Used in) Investing Activities -945 K USD +74.9%
Common Stock, Shares Authorized 500 M shares 0%
Common Stock, Shares, Issued 17 M shares -80%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -40.1 M USD +54.2%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 32.2 M USD -67.9%
Interest Paid, Excluding Capitalized Interest, Operating Activities 1.11 M USD +125%
Deferred Tax Assets, Valuation Allowance 259 M USD +86.7%
Deferred Tax Assets, Gross 274 M USD +97.3%
Operating Lease, Liability 35.5 M USD -14.5%
Depreciation 2 M USD -13%
Payments to Acquire Property, Plant, and Equipment 390 K USD -73%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -137 M USD +32%
Lessee, Operating Lease, Liability, to be Paid 44.2 M USD -14.6%
Property, Plant and Equipment, Gross 4.65 M USD -66.6%
Operating Lease, Liability, Current 3.59 M USD -46.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 7.85 M USD -1.32%
Lessee, Operating Lease, Liability, to be Paid, Year One 8.44 M USD -14%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure +13.6%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 8.75 M USD -14.7%
Lessee, Operating Lease, Liability, to be Paid, Year Three 7.78 M USD +8.86%
Preferred Stock, Shares Authorized 1 M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 7.76 M USD +9.99%
Operating Lease, Payments 11.4 M USD +94.6%
Additional Paid in Capital 556 M USD +5.71%
Amortization of Intangible Assets 9.6 M USD +60%
Depreciation, Depletion and Amortization 4.45 M USD +120%
Deferred Tax Assets, Net of Valuation Allowance 14.8 M USD
Share-based Payment Arrangement, Expense 6.4 M USD -68.9%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%