Acutus Medical Inc. (AFIB) Financial Statements (2024 and earlier)

Company Profile

Business Address 2210 FARADAY AVE
CARLSBAD, CA 92008
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:70,400107,900131,073
Cash and cash equivalents25,58424,07125,234
Short-term investments89,72676,702105,839
Other undisclosed cash, cash equivalents, and short-term investments (44,910)7,127 
Restricted cash and investments5,764150150
Receivables21,0853,6332,160
Inventory, net of allowances, customer advances and progress billings13,32716,40812,958
Inventory13,32716,40812,958
Disposal group, including discontinued operation   
Other undisclosed current assets7,291(1,801)5,047
Total current assets:117,867126,290151,388
Noncurrent Assets
Operating lease, right-of-use asset3,8724,5211,669
Property, plant and equipment9,22113,67012,356
Long-term investments and receivables  7,1208,726
Long-term investments  7,1208,726
Intangible assets, net (including goodwill) 1,58317,03917,679
Goodwill  12,02612,026
Intangible assets, net (excluding goodwill) 1,5835,0135,653
Disposal group, including discontinued operation, noncurrent assets   
Other noncurrent assets8971,152717
Total noncurrent assets:15,57343,50241,147
TOTAL ASSETS:133,440169,792192,535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,40716,61515,574
Accounts payable4,7217,5198,266
Accrued liabilities9,6869,0967,308
Debt   
Disposal group, including discontinued operation   
Other undisclosed current liabilities5,4651,8956,333
Total current liabilities:19,87218,51021,907
Noncurrent Liabilities
Long-term debt and lease obligation34,43445,00640,145
Long-term debt, excluding current maturities34,43440,41539,011
Liabilities, other than long-term debt4,11550 
Other liabilities 1250 
Operating lease, liability4,1034,5911,134
Other undisclosed noncurrent liabilities  5002,766
Total noncurrent liabilities:38,54945,55644,045
Total liabilities:58,42164,06665,952
Equity
Equity, attributable to parent75,019105,726126,583
Common stock292828
Additional paid in capital594,173584,613487,290
Accumulated other comprehensive income (loss)(869)(217)280
Accumulated deficit(518,314)(478,698)(361,015)
Total equity:75,019105,726126,583
TOTAL LIABILITIES AND EQUITY:133,440169,792192,535

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues16,36317,2638,464
Cost of revenue
(Cost of Goods and Services Sold)
(31,910)(32,925)(15,889)
Gross profit:(15,547)(15,662)(7,425)
Operating expenses(43,702)(129,385)(99,797)
Other undisclosed operating income 31,91032,92515,889
Operating loss:(27,339)(112,122)(91,333)
Nonoperating expense(12,195)(5,561)(10,625)
Interest and debt expense(7,947)(5,677)(5,506)
Other undisclosed income from continuing operations before equity method investments, income taxes   5,506
Loss from continuing operations before equity method investments, income taxes:(47,481)(123,360)(101,958)
Other undisclosed income from continuing operations before income taxes7,9475,677 
Loss from continuing operations before income taxes:(39,534)(117,683)(101,958)
Income tax expense(82) (23)
Loss from continuing operations:(39,616)(117,683)(101,981)
Loss before gain (loss) on sale of properties:(117,683)(101,981)
Loss from discontinued operations   
Net loss available to common stockholders, diluted:(39,616)(117,683)(101,981)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(39,616)(117,683)(101,981)
Comprehensive loss:(39,616)(117,683)(101,981)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(652)(497)310
Comprehensive loss, net of tax, attributable to parent:(40,268)(118,180)(101,671)

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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