Shimmick Corp
For the period ended Apr 4, 2025. Filed May 14, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 4, 2025 · Filed May 14, 2025
SHIM$2.33+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(In thousands, except share data)
| April 4, | January 3, | |
|---|---|---|
| 2025 | 2025 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $16,302 | $33,730 |
| Restricted cash | 2,778 | 2,065 |
| Accounts receivable, net | 45,993 | 42,988 |
| Contract assets, current | 60,111 | 46,603 |
| Prepaids and other current assets | 10,578 | 15,614 |
| TOTAL CURRENT ASSETS | 135,762 | 141,000 |
| Property, plant and equipment, net | 16,849 | 19,132 |
| Intangible assets, net | 6,023 | 6,667 |
| Contract assets, non-current | 25,872 | 23,517 |
| Lease right-of-use assets | 24,125 | 24,232 |
| Investment in unconsolidated joint ventures | 18,607 | 19,016 |
| Other assets | 439 | 300 |
| TOTAL ASSETS | $227,677 | $233,864 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $52,281 | $46,475 |
| Contract liabilities, current | 84,757 | 102,524 |
| Accrued salaries, wages and benefits | 29,277 | 28,950 |
| Accrued expenses | 31,688 | 38,556 |
| Other current liabilities | 12,419 | 13,759 |
| TOTAL CURRENT LIABILITIES | 210,422 | 230,264 |
| Long-term debt, net | 31,398 | 9,478 |
| Lease liabilities, non-current | 16,349 | 15,987 |
| Contract liabilities, non-current | 115 | 113 |
| Contingent consideration | 4,877 | 4,686 |
| Other liabilities | 7,157 | 8,010 |
| TOTAL LIABILITIES | 270,318 | 268,538 |
| Commitments and Contingencies (Note 11) | ||
| STOCKHOLDERS' DEFICIT | ||
| Common stock, $0.01 par value, 100,000,000 shares authorized as of April 4, 2025 and January 3, 2025; 34,331,514 and 34,271,214 shares issued and outstanding as of April 4, 2025 and January 3, 2025, respectively | 344 | 343 |
| Additional paid-in-capital | 45,155 | 43,353 |
| Retained deficit | (87,981) | (78,211) |
| Non-controlling interests | (159) | (159) |
| TOTAL STOCKHOLDERS' DEFICIT | (42,641) | (34,674) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $227,677 | $233,864 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.