Absci Corporation (ABSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 18105 SE MILL PLAIN BLVD
VANCOUVER, WA 98683
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 8731 - Commercial Physical and Biological Research (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments59,955252,569
Cash and cash equivalents59,955252,569
Receivables1,5501,425
Debt securities, available-for-sale, amortized cost, excluding accrued interest, after allowance for credit loss104,476 
Other undisclosed current assets20,88219,085
Total current assets:186,863273,079
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 7,000 
Operating lease, right-of-use asset5,3196,538
Property, plant and equipment  58,495
Intangible assets, net (including goodwill)72,95776,327
Goodwill 21,33521,335
Intangible assets, net (excluding goodwill)51,62254,992
Restricted cash and investments1,86416,844
Other noncurrent assets1,2821,293
Other undisclosed noncurrent assets45,723(6,381)
Total noncurrent assets:134,145153,116
TOTAL ASSETS:321,008426,195
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22,89325,819
Accounts payable2,4128,385
Accrued liabilities20,48117,434
Deferred revenue4451,353
Debt5,2425,185
Other undisclosed current liabilities1,6901,502
Total current liabilities:30,27033,859
Noncurrent Liabilities
Long-term debt and lease obligation8,73413,324
Long-term debt, excluding current maturities7,9841,124
Finance lease, liability7503,231
Liabilities, other than long-term debt7,59012,905
Deferred income tax liabilities238743
Other liabilities 3512,162
Operating lease, liability7,3178,969
Total noncurrent liabilities:16,32426,229
Total liabilities:46,59460,088
Equity
Equity, attributable to parent274,414366,107
Common stock99
Additional paid in capital570,454557,136
Accumulated other comprehensive loss(120)(13)
Accumulated deficit(295,929)(191,025)
Total equity:274,414366,107
TOTAL LIABILITIES AND EQUITY:321,008426,195

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues5,7474,782
Gross profit:5,7474,782
Operating expenses(112,497)(80,020)
Operating loss:(106,750)(75,238)
Nonoperating income (expense)1,385(34,621)
Other nonoperating income (expense)2,357(31,189)
Interest and debt expense(972)636
Loss from continuing operations before equity method investments, income taxes:(106,337)(109,223)
Other undisclosed income (loss) from continuing operations before income taxes972(636)
Loss from continuing operations before income taxes:(105,365)(109,859)
Income tax benefit4618,899
Loss from continuing operations:(104,904)(100,960)
Loss before gain (loss) on sale of properties:(100,960)
Net loss attributable to parent:(104,904)(100,960)
Undistributed earnings (loss) allocated to participating securities, basic  (2,284)
Net loss available to common stockholders, diluted:(104,904)(103,244)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(104,904)(100,960)
Comprehensive loss:(104,904)(100,960)
Other undisclosed comprehensive loss, net of tax, attributable to parent(107)(13)
Comprehensive loss, net of tax, attributable to parent:(105,011)(100,973)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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