THRMEDIUM SIGNALFINANCIAL10-K

THR reduced both debt and cash positions while maintaining operational stability, with enhanced disclosure around their control systems capabilities.

The company appears to be actively managing its capital structure, paying down debt while consuming cash in the process. The share count reduction of approximately 679,000 shares suggests ongoing capital returns to shareholders through share repurchases, which combined with debt reduction indicates disciplined capital allocation.

Comparing 2025-05-22 vs 2024-05-29View on EDGAR →
FINANCIAL ANALYSIS

THR's balance sheet shows deliberate capital management with debt declining by $28.6M to $138.9M and cash falling by $9.1M to $39.5M. Total liabilities decreased by $32.8M, suggesting the company used cash flow and potentially some cash reserves to reduce its debt burden. The overall financial picture signals a company prioritizing balance sheet strength and returning capital to shareholders while maintaining adequate liquidity for operations.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
-18.7%
$48.6M→$39.5M

Cash decreased 18.7% — monitor burn rate and upcoming capital needs.

Total Debt
Balance Sheet
-17.1%
$167.5M→$138.9M

Debt reduced 17.1% — deleveraging strengthens balance sheet and reduces financial risk.

Total Liabilities
Balance Sheet
-11.2%
$292.9M→$260.1M

Liabilities reduced 11.2% — deleveraging improves balance sheet strength and financial flexibility.

LANGUAGE CHANGES
NEW — 2025-05-22
PRIOR — 2024-05-29
ADDED
As of May 21, 2025, the registrant had 33,088,725 shares of common stock, par value $0.001 per share, outstanding.
A particular fiscal year is the twelve months ended on March 31 of the given calendar year (e.g., "fiscal 2025," "fiscal 2024" and "fiscal 2023" relate to the Company's fiscal years ended March 31, 2025, March 31, 2024, and March 31, 2023, respectively).
Our solutions include software automated engineering design services, industry leading heat tracing products, smart connected control and monitoring systems, construction services, and maintenance services.
Our heated blankets are built upon patented heat-spreading technology.
All our controllers and panels can be networked together via wired or wireless communication into a large control solution with capacity to manage over 30,000 heat trace circuits within the same customer facility, including controls systems sold by other heat tracing Original Equipment Manufacturers ("OEMs").
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REMOVED
As of May 28, 2024, the registrant had 33,767,160 shares of common stock, par value $0.001 per share, outstanding.
A particular fiscal year is the twelve months ended on March 31 of the given calendar year (e.g., "fiscal 2024," "fiscal 2023" and "fiscal 2022" relate to the Company's fiscal years ended March 31, 2024, March 31, 2023, and March 31, 2022, respectively).
Our solution includes software automated engineering design services, industry leading heat tracing products, smart connected control and monitoring systems, construction services, and maintenance services.
Our heated blankets are built upon patented heat spreading technology.
All our controllers and panels can be networked together via wired or wireless communication into a large control solution with capacity to manage over 30,000 heat trace circuits within the same customer facility.
+7 more — sign up free →
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