TAYLOR DEVICES, INC.

Listed Company

TAYDCIK 0000096536NasdaqNon-AcceleratedSmaller ReportingGeneral Industrial Machinery & Equipment, NecNew YorkFY ends May 31

Period

FY 2025

Revenue

$46.29M

Net Income

$9.41M

Total Assets

$71.62M

Equity

$62.04M

Shares Out

3.15M

Op. Cash Flow

$7.47M

Business

Taylor Devices, Inc. designs, develops, manufactures and markets shock absorption, rate control, and energy storage devices for use in machinery, equipment and structures. Its principal products include seismic dampers, Fluidicshoks®, crane and industrial buffers, self‑adjusting shock absorbers, liquid die springs, vibration dampers, machined springs, custom shock and vibration isolators, and custom actuators. The company operates across structural/industrial and aerospace and defense product lines, supplying standard and custom-engineered components. It sells domestically through an in‑house technical sales force and internationally through non‑employee sales representatives and select resellers.

Summary from filing dated 2025-08-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Sales, net (Note 9)	46	45	40	31	23
Cost of goods sold	25	24	23	21	19
Gross profit	21	21	17	10	3
Research and development costs	444,000	388,476	1	999,184	—
Selling, general and administrative expenses	11	11	9	6	6
Operating income	10	9	7	2	−2
Interest, net	1	1	698,864	4,543	—
Miscellaneous	3,369	14,759	−2,572	79,103	8,693
Total other income, net	1	1	696,292	83,646	3
Income before provision for income taxes	11	11	8	3	681,895
Provision for income taxes (Note 10)	2	2	1	317,000	−381,000
Net income	9	9	6	2	1
Basic earnings per common share (Note 11)	3.01	2.68	1.79	0.64	0.3
Diluted earnings per common share (Note 11)	2.87	2.58	1.77	0.64	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Cash and cash equivalents	1	3	4	23	21
Short-term investments	35	28	25	1	1
Accounts and other receivables, net (Note 2)	6	5	6	4	4
Inventory (Note 3)	8	8	6	6	6
Prepaid expenses	1	725,506	439,607	468,489	522,747
Prepaid income taxes	94,333	0	228,947	235,947	—
Costs and estimated earnings in excess of billings (Note 4)	5	4	4	3	1
Total current assets	56	49	44	38	34
Maintenance and other inventory, net (Note 5)	1	2	1	1	—
Property and equipment, net (Note 6)	12	11	12	10	10
Patents, net	270,370	292,593	0	—	—
Cash value of life insurance, net	219,444	214,824	210,120	205,359	—
Other assets	65,420	27,343	0	—	—
Deferred income taxes (Note 10)	2	1	568,615	74,615	190,115
Assets	72	63	58	49	46
Accounts payable	1	1	2	1	2
Accrued expenses (Note 8)	4	5	4	3	2
Billings in excess of costs and estimated earnings (Note 4)	4	6	2	1	1
Accrued income taxes	0	126,148	0	—	—
Total current liabilities	10	12	8	6	5
Common Stock, Value	104,835	104,056	102,127	101,342	101,305
Paid-in capital	15	13	11	10	—
Retained earnings	61	51	42	36	34
Treasury stock - 1,051,688 and 1,046,742 shares at cost	−13	−13	−3	−3	−3
Total stockholders' equity	62	51	50	43	41
Liabilities and Equity	72	63	58	49	46

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Depreciation	2	2	1	—	—
Amortization	22,223	7,407	0	—	—
Stock options issued for services	1	1	417,253	201,278	154,343
Credit loss expense	535,000	0	23,360	0	—
Provision for inventory obsolescence	0	385,744	295,014	0	—
Deferred income taxes	−585,385	−444,000	−494,000	115,500	—
Accounts and other receivables	−922,377	341,096	−1	−346,122	—
Inventory	−129,315	−3	−277,214	486,191	2
Prepaid expenses	−399,372	−285,899	28,882	54,258	−62,535
Prepaid income taxes	−94,333	228,947	7,000	218,831	—
Costs and estimated earnings in excess of billings	−1	−232,383	−787,708	−2	−36,821
Accounts payable	−319,607	−278,810	290,827	−360,495	417,150
Accrued expenses	−592,027	586,141	664,008	1	—
Billings in excess of costs and estimated earnings	−1	4	869,707	−239,222	625,119
Accrued income taxes	−126,148	126,148	0	—	—
Other assets	−38,077	−27,343	0	—	—
Net operating activities	7	13	8	3	7
Acquisition of property and equipment	−3	−1	−3	−1	−2
Patent expenditures	0	−300,000	0	—	—
Increase in short-term investments	−7	−4	−23	−438	—
Increase in cash value of life insurance	−4,620	−4,704	−4,761	−4,821	—
Net investing activities	−9	−5	−27	−1	−2
Proceeds from issuance of common stock	363,319	967,119	302,705	16,245	43,416
Acquisition of treasury stock	−201,273	−10	−169,740	0	—
Net financing activities	162,046	−9	132,965	16,245	43,416
Net change in cash and cash equivalents	−2	−743,748	−19	2	5

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