Electromed Inc
For the period ended Aug 27, 2024. Filed Aug 27, 2024.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Aug 27, 2024 · Filed Aug 27, 2024
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ELMD$27.17+1.5%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Balance Sheets
Balance Sheets
| June 30, 2024 | June 30, 2023 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $16,080,000 | $7,372,000 |
| Accounts receivable (net of allowances for credit losses of $45,000) | 23,333,000 | 24,130,000 |
| Contract assets | 719,000 | 487,000 |
| Inventories | 3,712,000 | 4,221,000 |
| Prepaid expenses and other current assets | 329,000 | 1,577,000 |
| Total current assets | 44,173,000 | 37,787,000 |
| Property and equipment, net | 5,165,000 | 5,672,000 |
| Finite-life intangible assets, net | 657,000 | 605,000 |
| Other assets | 87,000 | 161,000 |
| Deferred income taxes | 2,152,000 | 1,581,000 |
| Total assets | $52,234,000 | $45,806,000 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities | ||
| Accounts payable | $1,010,000 | $1,372,000 |
| Accrued compensation | 3,893,000 | 3,018,000 |
| Income tax payable | 277,000 | 336,000 |
| Warranty reserve | 1,567,000 | 1,378,000 |
| Other accrued liabilities | 930,000 | 1,949,000 |
| Total current liabilities | 7,677,000 | 8,053,000 |
| Other long-term liabilities | 12,000 | 86,000 |
| Total liabilities | 7,689,000 | 8,139,000 |
| Shareholders' Equity | ||
| Common stock, $0.01 par value per share, 13,000,000 shares authorized; | ||
| 8,637,883 and 8,555,236 shares issued and outstanding, respectively | 87,000 | 86,000 |
| Additional paid-in capital | 20,790,000 | 18,788,000 |
| Retained earnings | 23,668,000 | 18,793,000 |
| Total shareholders' equity | 44,545,000 | 37,667,000 |
| Total liabilities and shareholders' equity | $52,234,000 | $45,806,000 |
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