Overview
- IndustryElectronic Components & Accessories1
- HeadquartersKennewick, Washington1
- Incorporated inWA2
- Business address415 N. Roosevelt St., Ste B1, Kennewick, Wa 993362
- Filer categoryNon-accelerated filer, Smaller reporting company2
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FCC licenses in a given frequency spectrum for a particular application will be received.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue48¢$749.1K
- Research and development8¢$121.9K
- Other costs44¢$673.8K
Out of $1.5M in revenue.4 The company lost money this year.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.4M5 | $1.4M6 | $1.4M6 | $1.2M7 | $1.5M8 | $1.9M4 | $1.5M4 |
| Cost of revenue | $643.4K5 | $675.6K6 | $664.3K6 | $608.7K7 | $744.2K8 | $881.4K4 | $749.1K4 |
| Gross profit | $781.7K5 | $719.4K6 | $744.3K6 | $616.7K7 | $767.8K8 | $1.0M4 | $795.7K4 |
| Research and development | $252.4K5 | $179.4K5 | $200.0K7 | $212.4K8 | $163.2K4 | $121.9K4 | |
| Operating expenses | $957.7K8 | $950.3K4 | $979.6K4 | ||||
| Operating income | -$215.2K5 | -$134.2K6 | -$213.2K6 | -$222.5K7 | -$189.9K8 | $78.3K4 | -$183.9K4 |
| Income before tax | $93.0K8 | $146.5K4 | -$160.8K4 | ||||
| Income tax | $244.1K5 | $06 | $06 | $08 | $08 | ||
| Net income | -$447.9K5 | -$116.1K6 | -$191.0K9 | -$202.7K7 | $93.0K8 | $146.5K4 | -$160.8K4 |
| Earnings per share | $0.034 | -$0.034 | |||||
| Earnings per share (diluted) | $0.034 | -$0.034 | |||||
| Shares (weighted, basic) | 4.9M shares4 | 4.9M shares4 | |||||
| Shares (weighted, diluted) | 4.9M shares4 | 4.9M shares4 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $208.1K6 | $323.7K9 | $274.9K7 | $308.1K7 | $655.6K8 | $751.1K4 | $486.3K4 |
| Receivables | $166.3K8 | $141.4K4 | $52.6K4 | ||||
| Inventory | $501.8K8 | $725.5K4 | $722.5K4 | ||||
| Current assets | $2.1M5 | $2.0M6 | $1.9M9 | $1.8M7 | $1.7M8 | $2.0M4 | $1.7M4 |
| Property, plant and equipment | $1.4K8 | $9144 | $18.3K4 | ||||
| Total assets | $2.1M5 | $2.1M6 | $1.9M9 | $1.8M7 | $1.8M8 | $2.0M4 | $1.7M4 |
| Accounts payable | $71.6K8 | $139.0K4 | $37.4K4 | ||||
| Current liabilities | $44.8K5 | $97.7K6 | $156.9K9 | $84.9K7 | $137.6K8 | $228.7K4 | $103.8K4 |
| Total liabilities | $44.8K5 | $97.7K6 | $156.9K9 | $285.3K7 | $137.6K8 | $259.1K4 | $103.8K4 |
| Retained earnings | $703.5K8 | $850.0K4 | $689.2K4 | ||||
| Shareholders’ equity | $2.1M5 | $2.0M6 | $1.7M7 | $1.5M8 | $1.6M4 | $1.8M4 | $1.6M4 |
| Shares outstanding | 5.0M shares5 | 4.9M shares5 | 4.9M shares9 | 4.9M shares7 | 4.9M shares8 | 4.9M shares4 | 4.9M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$266.3K5 | $15.7K6 | -$283.8K9 | -$288.5K7 | $132.0K8 | -$44.8K4 | -$96.8K4 |
| Depreciation and amortization | $5.2K8 | $4444 | $2.4K4 | ||||
| Stock-based compensation | $9708 | $04 | $6934 | ||||
| Capital spending | $1.1K8 | $08 | $19.8K4 | ||||
| Free cash flow | $130.9K | -$44.8K | -$116.6K | ||||
| Cash from investing | $98.9K8 | $148.3K4 | -$168.1K4 | ||||
| Share buybacks | -$28.5K12 | ||||||
| Cash from financing | $116.6K8 | -$8.0K4 |
Compare ELECTRONIC SYSTEMS TECHNOLOGY INC with another company
What it owns
What ELECTRONIC SYSTEMS TECHNOLOGY INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Furniture and fixtures | $15.3K4 Dec 31, 2023 | $16.3K4 Dec 31, 2022 | −6.6% |
| Computer equipment and software | $18.2K4 Dec 31, 2023 | $35.0K4 Dec 31, 2022 | −47.9% |
| Property and equipment, before depreciation | $661.9K4 Dec 31, 2023 | $647.6K4 Dec 31, 2022 | +2.2% |
| Accumulated depreciation | $643.6K4 Dec 31, 2023 | $646.6K4 Dec 31, 2022 | −0.5% |
| Property and equipment, net | $18.3K4 Dec 31, 2023 | $9144 Dec 31, 2022 | +1897.3% |
| Operating-lease assets (leased space) | $30.3K4 Dec 31, 2023 | $69.4K4 Dec 31, 2022 | −56.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $486.3K4 Dec 31, 2023 | $751.1K4 Dec 31, 2022 | −35.3% |
Inventory
Leadership
Who has led ELECTRONIC SYSTEMS TECHNOLOGY INC, and when. Pick a name to see everywhere that person has worked.
President
- PresidentMichael William Eller Jul 14, 2022 to Jul 14, 202213
Board members and other officers (7)
- SecretaryVern D. Kornelsen May 15, 2020 to Aug 25, 202014
- Priciple Accounting OfficerMichael William Eller Dec 18, 2012 to Dec 18, 201215
- Board memberDaniel M. Tolley Jun 8, 2022 to Jun 8, 202216
- Board memberMichael William Eller Jul 14, 2022 to Jul 14, 202213
- Board memberDonald E. Siecke Jun 1, 2018 to Jun 1, 201817
- Board memberTheodore Deinard Aug 14, 2018 to Aug 14, 201818
- Board memberVern D. Kornelsen Jul 17, 2014 to Aug 25, 202019
Timeline
Filings
26 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 6 major events, 2 insider forms, 5 other. The latest 20:
- Nov 25, 202415-12G FORM 15 EDGAR
- Oct 29, 202410-Q EDGAR
- Jul 23, 202410-Q EDGAR
- Jun 7, 20248-K EDGAR
- Jun 7, 2024DEF 14A DEFINITIVE 14A EDGAR
- Apr 22, 202410-Q EDGAR
- Mar 8, 202410-K EDGAR
- Oct 25, 202310-Q EDGAR
- Jul 27, 202310-Q EDGAR
- Jun 5, 20238-K EDGAR
- May 31, 2023DEF 14A DEFINITIVE 14A EDGAR
- Apr 28, 202310-Q EDGAR
- Mar 15, 202310-K EDGAR
- Oct 28, 202210-Q EDGAR
- Aug 9, 202210-Q EDGAR
- Jul 14, 20225 EDGAR
- Jun 8, 20223 EDGAR
- Jun 3, 20228-K EDGAR
- Jun 3, 20228-K EDGAR
- May 3, 202210-Q EDGAR
The 26 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How ELECTRONIC SYSTEMS TECHNOLOGY INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARELECTRONIC SYSTEMS TECHNOLOGY INC1
- CIK0000752294
- Employer ID (EIN)91-12380771
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inWashington1
- Fiscal year endsDecember 311
- Industry code (SIC)3670 Electronic Components & Accessories1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address415 N. Roosevelt St., Ste B1, Kennewick, WA 993361
- Phone50973590921
- Shares outstanding4,946,502 as of Oct 30, 202411
- Public float$764.2K as of Jun 30, 20234
- On EDGAR sinceAug 9, 19951
- Filings607 in all: 8-K (164), 4 (160), 10-Q (51), 5 (49), 10QSB (38), DEF 14A (23), 3 (18), SC 13D/A (17)1
All 25 form types
10-K (16), 10KSB (13), SC 13G/A (9), ANNLRPT (8), UPLOAD (8), 10-K/A (5), 10-Q/A (5), CORRESP (5), 10QSB/A (4), 4/A (3), 8-K/A (3), SC 13D (3), 10KSB/A (1), 15-12G (1), 8-A12G (1), NT 10-Q (1), SC 13G (1)
- Latest filingsAnnual report (10-K) Mar 8, 2024
Quarterly report (10-Q) Oct 29, 2024
Proxy statement (DEF 14A) Jun 7, 2024
Latest 8-K (8-K) Jun 7, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 3
- 4
- 5
- 6
- 7
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- 9
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- 12
- 13SEC EDGARMichael William Eller, President
- 14SEC EDGARVern D. Kornelsen, Secretary
- 15
- 16SEC EDGARDaniel M. Tolley, Board member
- 17SEC EDGARDonald E. Siecke, Board member
- 18SEC EDGARTheodore Deinard, Board member
- 19SEC EDGARVern D. Kornelsen, Board member
- 20SEC EDGARShareholder vote
- 21SEC EDGARShareholder vote
- 22SEC EDGARExecutive or director change
- 23SEC EDGARShareholder vote
- 24SEC EDGARExecutive or director change
- 25SEC EDGARShareholder vote