Shift Technologies, Inc. financial data

Symbol
SFTGQ on OTC
Location
2525 16 Th Street, Suite 316, San Francisco, CA
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Insurance Acquisition Corp. (to 10/13/2020)
Latest financial report
10-Q - 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 17M shares -80%
Common Stock, Shares, Outstanding 17M shares -80%
Entity Public Float 55M USD -90.1%
Common Stock, Value, Issued 2K USD -77.8%
Weighted Average Number of Shares Outstanding, Basic 17M shares +109%
Weighted Average Number of Shares Outstanding, Diluted 17M shares +109%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 329M USD -59.9%
Operating Income (Loss) -201M USD +0.99%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -136M USD +32.5%
Income Tax Expense (Benefit) 168K USD -42.9%
Net Income (Loss) Attributable to Parent -137M 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 23.3M USD -73.7%
Marketable Securities, Current 0 USD
Accounts Receivable, after Allowance for Credit Loss, Current 3.94M USD -55.7%
Inventory, Net 24M USD -82.4%
Assets, Current 77.9M USD -67.4%
Property, Plant and Equipment, Net 1.82M USD -82%
Operating Lease, Right-of-Use Asset 16.5M USD -56.8%
Intangible Assets, Net (Excluding Goodwill) 9.26M USD -61.5%
Goodwill 2.07M USD -18%
Other Assets, Noncurrent 1.32M USD -57.8%
Assets 110M USD -66.6%
Accounts Payable, Current 8.42M USD -65%
Employee-related Liabilities, Current 3.54M USD -45.7%
Accrued Liabilities, Current 16.5M USD -44.9%
Liabilities, Current 58.8M USD -61.9%
Operating Lease, Liability, Noncurrent 16.1M USD -53.8%
Other Liabilities, Noncurrent 51K USD -96.9%
Liabilities 241M USD -31.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax 0 USD
Retained Earnings (Accumulated Deficit) -687M USD -24.9%
Stockholders' Equity Attributable to Parent -131M USD -442%
Liabilities and Equity 110M USD -66.6%

Popular Metrics

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