Company research
QualTek Services Inc.
CIK 1839412Updated Sep 24, 2026
Securities
Name history
Roth CH Acquisition III Co · through Feb 14, 2022
QTEK price & chart
Historical security
This listing closed Jun 1, 2023. Live provider charts are shown only for current listings.
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Recent filings
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Financials
FY 2022 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2022 | FY 2021 |
|---|---|---|
| ASSETS | ||
| AssetsUSD | 688,927,000Source | 671,759,000Source |
| Property, Plant and EquipmentUSD | — | 50,682,000Source |
| GoodwillUSD | 14,493,000Source | 28,723,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 321,686,000Source | 364,174,000Source |
| Current assets: | ||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 244,964,000Source | 201,845,000Source |
| Inventory, NetUSD | 9,033,000Source | 5,409,000Source |
| Assets, CurrentUSD | 262,596,000Source | 226,523,000Source |
| Operating Lease, Right-of-Use AssetUSD | 28,566,000Source | 0Source |
| Other Assets, NoncurrentUSD | 1,768,000Source | 1,657,000Source |
| LIABILITIES AND EQUITY | ||
| LiabilitiesUSD | 789,647,000Source | 738,737,000Source |
| Stockholders’ equity: | ||
| Common Stock, Value, IssuedUSD | — | 328Source |
| Additional Paid in CapitalUSD | 174,112,000Source | 252,593,000Source |
| Retained Earnings (Accumulated Deficit)USD | -226,648,000Source | -320,080,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 0Source | 507,000Source |
| Stockholders' Equity Attributable to ParentUSD | — | -2,928,173Source |
| Liabilities and EquityUSD | 688,927,000Source | 671,759,000Source |
| Current liabilities: | ||
| Liabilities, CurrentUSD | 723,922,000Source | 267,207,000Source |
| Operating Lease, Liability, CurrentUSD | 9,594,000Source | 0Source |
| Accounts Payable, CurrentUSD | 83,298,000Source | 60,726,000Source |
| Operating Lease, Liability, NoncurrentUSD | 22,491,000Source | 0Source |
| Other Liabilities, NoncurrentUSD | 5,275,000Source | 32,866,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -48,189,000Source | 0Source |
| Additional Financial Items | ||
| Accrued Liabilities, CurrentUSD | 50,510,000Source | 52,986,000Source |
| Long-term Debt, Current MaturitiesUSD | 543,404,000Source | 115,224,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 0Source | 418,813,000Source |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -75,189,000Source | -110,426,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, Depletion and AmortizationUSD | 58,377,000Source | 52,470,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,926,000Source | 0Source |
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | 51,652,000Source | 11,638,000Source |
| Increase (Decrease) in InventoriesUSD | 3,624,000Source | -514,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -68,535,000Source | -17,942,000Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -3,357,000Source | -43,532,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 6,072,000Source | 3,014,000Source |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 70,236,000Source | 63,373,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,656,000Source | 1,982,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 495,000Source | 2,151,000Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 53,242,000Source | 31,801,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 0Source | 83,000Source |
| Additional Financial Items | ||
| AmortizationUSD | 42,187,000Source | 39,453,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 1,926,000Source | — |
| Amortization of Debt Issuance CostsUSD | 5,274,000Source | 4,795,000Source |
| Amortization of Intangible AssetsUSD | 42,187,000Source | 39,453,000Source |
| DepreciationUSD | 16,190,000Source | 13,017,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 2,087,000Source | 587,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | -2,600,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -2,436,000Source |
| General and Administrative ExpenseUSD | 69,892,000Source | 50,994,000Source |
| GoodwillUSD | 14,493,000Source | 28,723,000Source |
| Goodwill, Impairment LossUSD | 14,160,000Source | 52,487,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -104,792,000Source | -101,575,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 0Source | -8,851,000Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source |
| Investment Income, InterestUSD | — | 9,882Source |
| Net Income (Loss) Attributable to ParentUSD | -36,348,000Source | -110,426,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -38,841,000Source | 0Source |
| Operating Lease, ExpenseUSD | 11,955,000Source | 10,502,000Source |
| Other Nonoperating Income (Expense)USD | -57,230,000Source | -52,326,000Source |
| Payments of Financing CostsUSD | 8,928,000Source | 2,295,000Source |
| Proceeds from Issuance of Common StockUSD | 35,915,000Source | 0Source |
income statement · annual statements
| Line item | FY 2022 | FY 2021 |
|---|---|---|
| Total RevenueUSD | 753,856,000Source | 612,241,000Source |
| Operating Income (Loss)USD | -47,562,000Source | -49,249,000Source |
| Other Nonoperating Income (Expense)USD | -57,230,000Source | -52,326,000Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -38,841,000Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -36,348,000Source | -110,426,000Source |
| Earnings Per Share, BasicUSD per share | -1.45Source | — |
| Earnings Per Share, DilutedUSD per share | -1.47Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 44,998,609Source | — |
| Additional Financial Items | ||
| Amortization of Intangible AssetsUSD | 42,187,000Source | 39,453,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 665,291,000Source | 502,688,000Source |
| Costs and ExpensesUSD | 801,418,000Source | 661,490,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 58,377,000Source | 52,470,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | -2,600,000Source |
| General and Administrative ExpenseUSD | 69,892,000Source | 50,994,000Source |
| Goodwill, Impairment LossUSD | 14,160,000Source | 52,487,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -104,792,000Source | -101,575,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -1.45Source | -8.7Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -1.47Source | -8.7Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 0Source | -8,851,000Source |
| Interest ExpenseUSD | 59,317,000Source | 50,477,000Source |
| Investment Income, InterestUSD | — | 9,882Source |
| Operating Lease, ExpenseUSD | 11,955,000Source | 10,502,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | -3,298,000Source | — |