Avinger Inc. (AVGR) Financial Statements (2024 and earlier)

Company Profile

Business Address 400 CHESAPEAKE DRIVE
REDWOOD CITY, CA 94063
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
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,60319,49722,18510,94316,4105,389
Cash and cash equivalents14,60319,49722,18510,94316,4105,389
Receivables1,0571,3931,4841,4581,1541,127
Inventory, net of allowances, customer advances and progress billings4,9654,6013,8763,9123,4224,295
Inventory4,9654,6013,8763,9123,4224,295
Prepaid expense65158291   
Deferred costs      464
Other undisclosed current assets29714259311635176
Total current assets:20,98725,79127,89516,62421,62111,451
Noncurrent Assets
Operating lease, right-of-use asset2,1943,1794,0634,856
Property, plant and equipment702957271,6612,0782,950
Other noncurrent assets312420510684 687
Total noncurrent assets:3,2083,6945,3007,2012,0783,637
TOTAL ASSETS:24,19529,48533,19523,82523,69915,088
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2883,7213,0663,0996,7125,733
Interest and dividends payable   2,918 
Employee-related liabilities1,6091,7031,7821,197863
Accounts payable6311,3946946631,1481,273
Accrued liabilities6577186696541,4493,597
Debt14,165 3,5909,6897,48644,744
Other undisclosed current liabilities2,493985806   
Total current liabilities:17,9464,7067,46212,78814,19850,477
Noncurrent Liabilities
Long-term debt and lease obligation  14,48112,6574,135  
Long-term debt, excluding current maturities  12,2879,400   
Liabilities, other than long-term debt2,103575 741301
Other liabilities1,001575 741301
Operating lease, liability 1,1022,1943,2574,135
Other undisclosed noncurrent liabilities   (3,257)   
Total noncurrent liabilities:2,10315,05612,6574,14241301
Total liabilities:20,04919,76220,11916,93014,23950,778
Equity
Equity, attributable to parent4,1469,72313,0766,8959,460(35,690)
Common stock8968510341
Additional paid in capital406,514394,380380,332355,220338,311265,636
Accumulated deficit(402,376)(384,753)(367,341)(348,335)(328,885)(301,327)
Total equity:4,1469,72313,0766,8959,460(35,690)
TOTAL LIABILITIES AND EQUITY:24,19529,48533,19523,82523,69915,088

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues8,27310,1308,7619,1317,9159,934
Cost of revenue(5,619)(6,706)(6,143)(6,264)(6,531)(13,002)
Cost of goods and services sold(272)(125)(528)(272)(914)(5,500)
Gross profit:2,6543,4242,6182,8671,384(3,068)
Operating expenses(18,611)(21,525)(20,022)(22,226)(23,451)(39,484)
Operating loss:(15,957)(18,101)(17,404)(19,359)(22,067)(42,552)
Nonoperating income (expense)(1)2,340901,400188108
Investment income, nonoperating  334288214108
Other nonoperating income (expense)(1)2,337561,101(13)11
Interest and debt expense(1,665)(1,651)(1,692)(1,480)(5,692)(6,299)
Loss from continuing operations:(17,623)(17,412)(19,006)(19,439)(27,571)(48,743)
Loss before gain (loss) on sale of properties:(17,412)(19,006)(19,439)(27,571)(48,743)
Other undisclosed net income (loss)    (11)1311
Net loss attributable to parent:(17,623)(17,412)(19,006)(19,450)(27,558)(48,732)
Preferred stock dividends and other adjustments 601(4,175)(3,866)(3,580)(2,918) 
Other undisclosed net loss available to common stockholders, basic (10,222)   (5,216) 
Net loss available to common stockholders, diluted:(27,244)(21,587)(22,872)(23,030)(35,692)(48,732)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(17,623)(17,412)(19,006)(19,450)(27,558)(48,732)
Comprehensive loss, net of tax, attributable to parent:(17,623)(17,412)(19,006)(19,450)(27,558)(48,732)

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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