Suspension of trading

Income Statement ENGlobal Corporation

Stocks

ENG

US2933062059

Construction & Engineering

Market Closed - OTC Markets Other stock markets 14:19:14 2025-06-18 EDT			5-day change	1st Jan Change
0.0132 ^USD	-34.00%		-.--%	-

25-06-16	ENGlobal Corporation Went Out of Business	CI
25-06-13	Combined Joint Liquidation Plan and Disclosure Statement Approved for ENGlobal Corporation	CI

7434dd4be88064.TQLRNqrurnB5pHLfqZ8f0uhSnFDTyps_yzLgcTrcOws.NWWhX8Wdy0JM4iSYx6tJq7cLq2fqpvhyj2OGJXmlCU1gRIRM6KGeOxSQFQ

Published financial data: ENGLOBAL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	56.45M	64.45M	36.41M	40.19M	39.04M
Total Revenues	56.45M	64.45M	36.41M	40.19M	39.04M
Cost of Goods Sold, Total	48.53M	56M	37.05M	43.31M	39.4M
Gross Profit	7.92M	8.45M	-643K	-3.12M	-366K
Selling General & Admin Expenses, Total	9.28M	8.74M	12.73M	13.91M	12.5M
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	33K	92K	100K	204K	237K
Other Operating Expenses, Total	9.32M	8.83M	12.83M	14.12M	12.73M
Operating Income	-1.4M	-383K	-13.48M	-17.23M	-13.1M
Interest Expense, Total	-31K	-153K	-212K	-223K	-219K
Net Interest Expenses	-31K	-153K	-212K	-223K	-219K
Other Non Operating Income (Expenses)	49K	14K	8.06M	75K	63K
EBT, Excl. Unusual Items	-1.38M	-522K	-5.62M	-17.38M	-13.25M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	-	-	-	-2.5M	-1.8M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	1.41M	-
EBT, Incl. Unusual Items	-1.38M	-522K	-5.62M	-18.48M	-15.05M
Income Tax Expense	83K	103K	60K	39K	104K
Earnings From Continuing Operations	-1.47M	-625K	-5.68M	-18.51M	-15.15M
Net Income to Company	-1.47M	-625K	-5.68M	-18.51M	-15.15M
Net Income - (IS)	-1.47M	-625K	-5.68M	-18.51M	-15.15M
Net Income to Common Incl Extra Items	-1.47M	-625K	-5.68M	-18.51M	-15.15M
Net Income to Common Excl. Extra Items	-1.47M	-625K	-5.68M	-18.51M	-15.15M
Per Share Items
Net EPS - Basic	-0.43	-0.18	-1.43	-4.16	-3.03
Basic EPS - Continuing Operations	-0.43	-0.18	-1.43	-4.16	-3.03
Basic Weighted Average Shares Outstanding	3.43M	3.43M	3.99M	4.45M	5M
Net EPS - Diluted	-0.43	-0.18	-1.43	-4.16	-3.03
Diluted EPS - Continuing Operations	-0.43	-0.18	-1.43	-4.16	-3.03
Diluted Weighted Average Shares Outstanding	3.43M	3.43M	3.99M	4.45M	5M
Normalized Basic EPS	-0.25	-0.09	-0.88	-2.44	-1.66
Normalized Diluted EPS	-0.25	-0.09	-0.88	-2.44	-1.66
Supplemental Items
EBITDA	-1.01M	66K	-12.92M	-16.3M	-12.16M
EBITA	-1.4M	-383K	-13.48M	-17.23M	-13.1M
EBIT	-1.4M	-383K	-13.48M	-17.23M	-13.1M
EBITDAR	2.06M	2.53M	-10.68M	-13.59M	-7.46M
Effective Tax Rate - (Ratio)	-6	-19.73	-1.07	-0.21	-0.69
Current Domestic Taxes	83K	103K	60K	39K	104K
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	83K	103K	60K	39K	104K
Deferred Domestic Taxes	0	0	0	0	0
Total Deferred Taxes	0	0	0	0	0
Normalized Net Income	-864K	-326K	-3.52M	-10.86M	-8.28M
Interest on Long-Term Debt	7K	20K	17K	44K	52K
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	3.07M	2.46M	2.24M	2.71M	4.71M
Imputed Operating Lease Interest Expense	609K	544K	505K	563K	822K
Imputed Operating Lease Depreciation	2.46M	1.92M	1.73M	2.15M	3.89M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	61K	223K	270K	219K	310K
Total Stock-Based Compensation	61K	223K	270K	219K	310K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	8.31M	13.71M	19.2M	3.46M	615K
Total Cash And Short Term Investments	8.31M	13.71M	19.2M	3.46M	615K
Accounts Receivable, Total	15.3M	11.88M	11.87M	12.58M	9.73M
Other Receivables	54K	48K	3.11M	1.6M	196K
Notes Receivable	19K	-	-	-	-
Total Receivables	15.37M	11.93M	14.98M	14.18M	9.92M
Inventory	-	-	-	129K	105K
Prepaid Expenses	816K	843K	917K	1.4M	793K
Restricted Cash	-	-	-	-	-
Total Current Assets	24.49M	26.48M	35.09M	19.17M	11.44M
Gross Property Plant And Equipment	5.46M	5.61M	9.02M	13.3M	9.37M
Accumulated Depreciation	-2.3M	-2.72M	-3.07M	-3.48M	-2.93M
Net Property Plant And Equipment	3.17M	2.89M	5.95M	9.83M	6.44M
Goodwill	720K	720K	720K	720K	720K
Other Intangibles, Total	-	-	-	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	307K	351K	306K	305K	191K
Total Assets	28.69M	30.44M	42.07M	30.02M	18.79M
Liabilities
Accounts Payable, Total	3.26M	2.14M	2M	4.45M	7M
Accrued Expenses, Total	3.25M	3.49M	2.71M	2.51M	1.94M
Current Portion of Long-Term Debt	-	3.71M	-	1.66M	1.05M
Current Portion of Leases	1.04M	1.54M	1.39M	1.85M	1.99M
Current Income Taxes Payable	67K	83K	33K	30K	83K
Unearned Revenue Current, Total	5.44M	1.26M	2.05M	1.01M	1.24M
Other Current Liabilities	146K	219K	645K	545K	348K
Total Current Liabilities	13.2M	12.44M	8.83M	12.06M	13.66M
Long-Term Debt	-	2.73M	1.04M	-	-
Long-Term Leases	1.46M	608K	4.01M	7.22M	6.31M
Unearned Revenue Non Current	-	-	-	425K	375K
Other Non Current Liabilities	-	1.04M	-	-	-
Total Liabilities	14.66M	16.82M	13.88M	19.7M	20.34M
Common Stock, Total	27K	28K	35K	36K	5K
Additional Paid In Capital	36.93M	37.16M	57.4M	58.05M	61.35M
Retained Earnings	-22.94M	-23.56M	-29.25M	-47.76M	-62.91M
Treasury Stock	-	-	-	-	-
Total Common Equity	14.02M	13.62M	28.19M	10.32M	-1.56M
Total Equity	14.02M	13.62M	28.19M	10.32M	-1.56M
Total Liabilities And Equity	28.69M	30.44M	42.07M	30.02M	18.79M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.43M	3.44M	4.4M	4.97M	5.16M
ECS Total Common Shares Outstanding	3.43M	3.45M	4.4M	4.48M	5.16M
Book Value / Share	4.09	3.95	6.4	2.31	-0.3
Tangible Book Value	13.3M	12.9M	27.47M	9.6M	-2.28M
Tangible Book Value Per Share	3.88	3.75	6.24	2.15	-0.44
Total Debt	2.5M	8.59M	6.44M	10.73M	9.34M
Net Debt	-5.81M	-5.12M	-12.77M	7.26M	8.73M
Debt Equivalent Oper. Leases	24.57M	19.7M	17.88M	21.67M	37.68M
Account Code - Inventory Valuation	3	3	-	3	3
Buildings, Total	623K	-	-	-	-
Machinery, Total	2.57M	3.13M	3.93M	4.4M	3.95M
Full Time Employees	251	241	198	302	134
Accumulated Allowance for Doubtful Accounts (Supple)	236K	386K	1.67M	2.13M	4.34M
Order Backlog	59.2M	24.3M	12.8M	20.4M	13.3M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-1.47M	-625K	-5.68M	-18.51M	-15.15M
Depreciation & Amortization - CF	389K	449K	561K	933K	933K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	389K	449K	561K	933K	933K
(Gain) Loss From Sale Of Asset	-	-	-	13K	261K
Asset Writedown & Restructuring Costs	-	-	-	2.5M	1.8M
Stock-Based Compensation (CF)	61K	223K	270K	219K	310K
Other Operating Activities, Total	-	-	-4.95M	-1.41M	-
Change In Accounts Receivable	-1.91M	3.42M	10K	-709K	2.85M
Change In Accounts Payable	89K	-1.12M	-137K	2.45M	2.55M
Change in Unearned Revenues	4.83M	-4.18M	796K	-1.1M	239K
Change In Income Taxes	84K	-57K	-38K	-38K	53K
Change in Other Net Operating Assets	587K	1.38M	-4.49M	1.11M	1.33M
Cash from Operations	2.66M	-519K	-13.66M	-14.54M	-4.83M
Capital Expenditure	-345K	-428K	-240K	-602K	-174K
Sale of Property, Plant, and Equipment	-	-	-	-	45K
Cash Acquisitions	-	-	-	-904K	-
Other Investing Activities, Total	24K	-	-	-	-
Cash from Investing	-321K	-428K	-240K	-1.51M	-129K
Short Term Debt Issued, Total	-	-	-	-	1.05M
Long-Term Debt Issued, Total	-	6.44M	-	625K	-
Total Debt Issued	-	6.44M	-	625K	1.05M
Long-Term Debt Repaid, Total	-36K	-93K	-584K	-224K	-1.9M
Total Debt Repaid	-36K	-93K	-584K	-224K	-1.9M
Issuance of Common Stock	-	-	19.98M	-	2.96M
Repurchase of Common Stock	-61K	-	-	-	-
Other Financing Activities, Total	-	-	-	-97K	-
Cash from Financing	-97K	6.35M	19.4M	304K	2.11M
Net Change in Cash	2.25M	5.4M	5.5M	-15.74M	-2.85M
Supplemental Items
Cash Interest Paid	33K	153K	212K	223K	219K
Cash Income Tax Paid (Refund)	26K	86K	151K	52K	57K
Levered Free Cash Flow	2.85M	-1.65M	-10.83M	-9.07M	-295K
Unlevered Free Cash Flow	2.87M	-1.55M	-10.7M	-8.93M	-158K
Change In Net Working Capital	-3.64M	1.56M	2.87M	-1.29M	-6.96M
Net Debt Issued / Repaid	-36K	6.35M	-584K	401K	-851K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-3.43	-0.81	-23.23	-29.88	-33.54
Return on Total Capital	-5.47	-1.24	-29.64	-38.69	-56.77
Return On Equity %	-9.93	-4.52	-27.19	-96.14	-345.56
Return on Common Equity	-9.93	-4.52	-27.19	-96.14	-345.56
Margin Analysis
Gross Profit Margin %	14.02	13.11	-1.77	-7.76	-0.94
SG&A Margin	16.45	13.56	34.97	34.61	32.01
EBITDA Margin %	-1.79	0.1	-35.47	-40.56	-31.16
EBITA Margin %	-2.48	-0.59	-37.01	-42.88	-33.55
EBIT Margin %	-2.48	-0.59	-37.01	-42.88	-33.55
Income From Continuing Operations Margin %	-2.6	-0.97	-15.61	-46.07	-38.82
Net Income Margin %	-2.6	-0.97	-15.61	-46.07	-38.82
Net Avail. For Common Margin %	-2.6	-0.97	-15.61	-46.07	-38.82
Normalized Net Income Margin	-1.53	-0.51	-9.66	-27.03	-21.22
Levered Free Cash Flow Margin	5.06	-2.56	-29.75	-22.57	-0.76
Unlevered Free Cash Flow Margin	5.09	-2.41	-29.39	-22.22	-0.41
Asset Turnover
Asset Turnover	2.21	2.18	1	1.11	1.6
Fixed Assets Turnover	29.38	21.28	8.24	5.09	4.8
Receivables Turnover (Average Receivables)	3.94	4.74	3.07	3.29	3.5
Inventory Turnover (Average Inventory)	-	-	-	-	336.77
Short Term Liquidity
Current Ratio	1.85	2.13	3.97	1.59	0.84
Quick Ratio	1.79	2.06	3.87	1.46	0.77
Operating Cash Flow to Current Liabilities	0.2	-0.04	-1.55	-1.21	-0.35
Days Sales Outstanding (Average Receivables)	92.48	76.74	118.71	112.84	104
Days Outstanding Inventory (Average Inventory)	-	-	-	-	1.08
Average Days Payable Outstanding	24.13	17.55	20.33	-	52.96
Cash Conversion Cycle (Average Days)	-	-	-	-	52.12
Long Term Solvency
Total Debt/Equity	17.82	63.05	22.83	103.89	-600.96
Total Debt / Total Capital	15.12	38.67	18.59	50.95	119.96
LT Debt/Equity	10.4	24.52	17.9	69.9	-405.72
Long-Term Debt / Total Capital	8.82	15.04	14.58	34.28	80.99
Total Liabilities / Total Assets	51.11	55.24	32.99	65.61	108.28
EBIT / Interest Expense	-45.19	-2.5	-63.57	-77.28	-59.81
EBITDA / Interest Expense	66.42	16.53	-50.38	-60.95	-34.04
(EBITDA - Capex) / Interest Expense	55.29	13.73	-51.51	-63.65	-34.84
Total Debt / EBITDA	1.21	3.4	-0.6	-0.79	-1.25
Net Debt / EBITDA	-2.82	-2.02	1.2	-0.53	-1.17
Total Debt / (EBITDA - Capex)	1.46	4.09	-0.59	-0.76	-1.22
Net Debt / (EBITDA - Capex)	-3.39	-2.44	1.17	-0.51	-1.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.54	14.18	-43.51	10.38	-2.87
Gross Profit, 1 Yr. Growth %	14.18	6.76	-107.61	384.91	-88.26
EBITDA, 1 Yr. Growth %	-61.62	-106.52	-19.67K	26.21	-25.37
EBITA, 1 Yr. Growth %	-54.76	-72.66	3.42K	27.88	-23.99
EBIT, 1 Yr. Growth %	-54.76	-72.66	3.42K	27.88	-23.99
Earnings From Cont. Operations, 1 Yr. Growth %	-74.15	-57.37	809.6	225.66	-18.15
Net Income, 1 Yr. Growth %	-74.15	-57.37	809.6	225.66	-18.15
Normalized Net Income, 1 Yr. Growth %	-55.02	-62.26	977.59	27.11	-23.74
Diluted EPS Before Extra, 1 Yr. Growth %	-74.06	-57.46	683.69	191.92	-27.15
Accounts Receivable, 1 Yr. Growth %	14.28	-22.34	-0.08	5.97	-22.66
Inventory, 1 Yr. Growth %	-	-	-	-	-18.6
Net Property, Plant and Equip., 1 Yr. Growth %	367.65	-8.69	105.78	65.22	-34.49
Total Assets, 1 Yr. Growth %	28.6	6.11	38.21	-28.63	-37.42
Tangible Book Value, 1 Yr. Growth %	-9.92	-3.01	112.9	-65.04	-123.69
Common Equity, 1 Yr. Growth %	-9.46	-2.86	106.94	-63.37	-115.06
Cash From Operations, 1 Yr. Growth %	-177.74	-119.47	2.53K	6.38	-66.77
Capital Expenditures, 1 Yr. Growth %	222.43	24.06	-43.93	150.83	-71.1
Levered Free Cash Flow, 1 Yr. Growth %	-330.84	-157.78	556.94	-16.28	-96.75
Unlevered Free Cash Flow, 1 Yr. Growth %	-335.02	-154.06	588.85	-16.55	-98.23
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.61	9.25	-19.69	-21.03	3.54
Gross Profit, 2 Yr. CAGR %	10.89	10.41	-71.5	-39.26	-24.55
EBITDA, 2 Yr. CAGR %	-55.77	-84.18	257.24	1.47K	-2.95
EBITA, 2 Yr. CAGR %	-52.24	-64.83	210.14	570.78	-1.41
EBIT, 2 Yr. CAGR %	-52.24	-64.83	210.14	570.78	-1.41
Earnings From Cont. Operations, 2 Yr. CAGR %	-69.97	-66.8	96.92	444.26	63.26
Net Income, 2 Yr. CAGR %	-69.97	-66.8	96.92	444.26	63.26
Normalized Net Income, 2 Yr. CAGR %	-52.66	-58.8	101.67	477.04	-1.55
Diluted EPS Before Extra, 2 Yr. CAGR %	-70.01	-66.78	82.59	378.31	45.83
Accounts Receivable, 2 Yr. CAGR %	3.11	-5.8	-11.91	2.9	-9.47
Net Property, Plant and Equip., 2 Yr. CAGR %	75.58	106.65	37.08	84.39	4.04
Total Assets, 2 Yr. CAGR %	-0.97	16.81	21.1	-0.68	-33.17
Tangible Book Value, 2 Yr. CAGR %	-14.65	-6.53	43.7	-13.72	-71.22
Common Equity, 2 Yr. CAGR %	-18.41	-6.22	41.78	-12.94	-76.51
Cash From Operations, 2 Yr. CAGR %	-27.74	-61.09	126.43	429.22	-40.54
Capital Expenditures, 2 Yr. CAGR %	-30.44	100	-16.59	18.6	-14.85
Levered Free Cash Flow, 2 Yr. CAGR %	-17.71	15.49	94.83	134.51	-83.49
Unlevered Free Cash Flow, 2 Yr. CAGR %	-16.78	12.72	92.98	139.76	-87.84
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.59	4.94	-12.31	-10.71	-15.39
Gross Profit, 3 Yr. CAGR %	-7.84	9.49	-54.74	-26.7	-64.88
EBITDA, 3 Yr. CAGR %	-21.54	-76.63	69.82	152.54	469.1
EBITA, 3 Yr. CAGR %	-23.57	-60.35	63.26	130.84	224.59
EBIT, 3 Yr. CAGR %	-24.37	-60.35	63.26	130.84	224.59
Earnings From Cont. Operations, 3 Yr. CAGR %	-14.46	-66.25	0.08	132.87	189.43
Net Income, 3 Yr. CAGR %	-14.46	-66.25	0.08	132.87	189.43
Normalized Net Income, 3 Yr. CAGR %	-25.68	-56.1	22.3	132.5	193.92
Diluted EPS Before Extra, 3 Yr. CAGR %	-14.21	-66.3	-4.73	113.5	155.43
Accounts Receivable, 3 Yr. CAGR %	5.88	-6.19	-3.93	-6.32	-6.44
Net Property, Plant and Equip., 3 Yr. CAGR %	38.41	41.2	106.36	45.88	30.59
Total Assets, 3 Yr. CAGR %	-13.57	1.33	23.55	1.53	-14.86
Tangible Book Value, 3 Yr. CAGR %	-26.79	-10.94	22.98	-10.29	-43.93
Common Equity, 3 Yr. CAGR %	-27.5	-13.53	22.09	-9.7	-51.49
Cash From Operations, 3 Yr. CAGR %	-34.69	-53.32	58.55	76.03	110.36
Capital Expenditures, 3 Yr. CAGR %	75.34	-15.64	30.9	20.39	-25.92
Levered Free Cash Flow, 3 Yr. CAGR %	-35.69	-26.86	106.16	47.02	-43.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	-35.76	-27.93	106.08	45.93	-53.3
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-12.15	-4.14	-9.27	-6.34	-6.28
Gross Profit, 5 Yr. CAGR %	-19.52	-12.28	-42.37	-13.5	-44.47
EBITDA, 5 Yr. CAGR %	-35.7	-54.95	43.87	25.8	35.77
EBITA, 5 Yr. CAGR %	-27.26	-30.13	33.84	22.91	33.43
EBIT, 5 Yr. CAGR %	-27.26	-28.85	33	22.91	33.43
Earnings From Cont. Operations, 5 Yr. CAGR %	-24.64	-43.16	19.41	2.63	21.72
Net Income, 5 Yr. CAGR %	-24.64	-43.16	19.41	2.63	21.72
Normalized Net Income, 5 Yr. CAGR %	-26.98	-27.59	10.8	23.01	33.94
Diluted EPS Before Extra, 5 Yr. CAGR %	-24.49	-42.94	16.05	-2.62	12.96
Accounts Receivable, 5 Yr. CAGR %	-14.55	-15.94	-1.64	-2.65	-6.18
Net Property, Plant and Equip., 5 Yr. CAGR %	8.83	6.15	37.88	57.1	56.91
Total Assets, 5 Yr. CAGR %	-11.1	-10.23	-1.09	0.52	-3.38
Tangible Book Value, 5 Yr. CAGR %	-12.4	-19	-4.12	-12.06	-31.21
Common Equity, 5 Yr. CAGR %	-13.54	-19.38	-5.19	-13.29	-36.85
Cash From Operations, 5 Yr. CAGR %	-6.69	-28.85	7.39	23.28	7.1
Capital Expenditures, 5 Yr. CAGR %	-4.66	-15.69	30.26	-3.33	10.21
Levered Free Cash Flow, 5 Yr. CAGR %	-1.29	7.53	0.19	16.56	-24.91
Unlevered Free Cash Flow, 5 Yr. CAGR %	-1.51	7.89	-0.25	16.57	-33.56