What is AgEagle Aerial Systems's goodwill impairment?

AgEagle Aerial Systems (UAVS) reported goodwill impairment of $10.42M in Q4 2022.

How has AgEagle Aerial Systems's goodwill impairment changed year-over-year?

AgEagle Aerial Systems's goodwill impairment increased by 237.3% year-over-year, from $3.09M to $10.42M.

What does goodwill impairment mean?

Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

AgEagle Aerial Systems UAVS Goodwill impairment

Discontinued — last reported Q4 '22

Goodwill impairment at other companies

AeroVironmentAVAV

$151.31M+3,197%

Unusual MachinesUMAC

$0-100%

Segments

By segment

See full

Sensors$4.46M+51.5%

Other financials

Income statement

See full

Revenue$1.4M-61.6%

Gross profit$584.9K-72.6%

Operating income-$5.1M-409%

Net income$1.4M-79.9%

EPS (diluted)$0.00+100%

Balance sheet

See full

Cash & equivalents$26.9M+611%

Total debt$3.7M+17.7%

Total equity$40.9M+878%

Total assets$48.1M+138%

Cash flow

See full

Operating cash flow-$2.4M-82.3%

CapEx$357.0K+3,325%

Free cash flow-$2.7M-108%

Valuation

See full

Market cap$52.23M+209%

Enterprise value$29.07M+101%

P/S4.9×+3.7×

Profitability

See full

Gross margin48.2%-1.0pp

Operating margin-178.2%-2,298pp

Net margin-103.4%-28.1pp

FCF margin-108.4%-554pp

Returns & leverage

See full

Return on equity-48.5%-22.3pp

Debt / equity0.1×-0.7×

Current ratio9.9×+8.0×

Where this comes from

Reported directly by AgEagle Aerial Systems in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: AgEagle Aerial Systems’s 10-K, filed April 4, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is AgEagle Aerial Systems's goodwill impairment?: AgEagle Aerial Systems (UAVS) reported goodwill impairment of $10.42M in Q4 2022.
How has AgEagle Aerial Systems's goodwill impairment changed year-over-year?: AgEagle Aerial Systems's goodwill impairment increased by 237.3% year-over-year, from $3.09M to $10.42M.
What does goodwill impairment mean?: Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.