Conformis, Inc. (CFMS) Financial Statements (2025 and earlier)

Company Profile

Business Address 600 TECHNOLOGY DRIVE
BILLERICA, MA 01821
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:37,80048,66759,60072,60082,700 
Cash and cash equivalents37,78648,66759,58172,64182,717 
Other undisclosed cash, cash equivalents, and short-term investments14 19(41)(17) 
Receivables8,5529,7739,4729,53810,139 
Inventory, net of allowances, customer advances and progress billings19,49018,91018,01716,72715,651 
Inventory19,49018,91018,01716,72715,651 
Other undisclosed current assets1,7771,9191,7191,9032,554 
Total current assets:67,61979,26988,808100,768111,044 
Noncurrent Assets
Operating lease, right-of-use asset5,6966,0786,4626,8467,231 
Property, plant and equipment8,0608,1548,7759,1239,853 
Restricted cash and investments   462462562 
Other noncurrent assets8685868891 
Other undisclosed noncurrent assets462462    
Total noncurrent assets:14,30414,77915,78516,51917,737 
TOTAL ASSETS:81,92394,048104,593117,287128,781 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,89012,14118,93019,11314,363 
Employee-related liabilities3,3343,369 
Accounts payable4,1644,1636,5627,1795,157 
Accrued liabilities5,7267,9789,0348,5659,206 
Other undisclosed current liabilities1,9521,932(1,415)(1,478)1,883 
Total current liabilities:11,84214,07317,51517,63516,246 
Noncurrent Liabilities
Long-term debt and lease obligation20,60120,56325,91326,22226,541 
Long-term debt, excluding current maturities20,60120,56320,48020,43820,397 
Liabilities, other than long-term debt4,8555,233    
Other liabilities283230    
Operating lease, liability4,5725,0035,4335,7846,144 
Other undisclosed noncurrent liabilities   (5,433)(5,784)(6,144) 
Total noncurrent liabilities:25,45625,79625,91326,22226,541 
Total liabilities:37,29839,86943,42843,85742,787 
Equity
Equity, attributable to parent44,62554,17961,16573,43085,994 
Common stock   222 
Additional paid in capital635,268634,647634,892634,096633,249 
Accumulated other comprehensive income (loss)2528563,8791,738(375) 
Accumulated deficit(590,895)(581,324)(577,608)(562,406)(546,882) 
Total equity:44,62554,17961,16573,43085,994 
TOTAL LIABILITIES AND EQUITY:81,92394,048104,593117,287128,781 

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

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
Revenues12,83717,42013,78415,29515,551(84,436)
Cost of revenue(7,734)(10,265)(8,927)(9,835)(9,810) 
Gross profit:5,1037,1554,8575,4605,741 
Operating expenses(14,532)(13,955)(16,846)(18,213)(20,477) 
Operating loss:(9,429)(6,800)(11,989)(12,753)(14,736) 
Nonoperating income (expense)4775,119(3,186)(2,871)(1,261) 
Investment income, nonoperating9 121417 
Gain (loss), foreign currency transaction, before tax468 (2,672)(2,432)(827) 
Interest and debt expense(637)(589)(526)(453)(451) 
Loss from continuing operations before equity method investments, income taxes:(9,589)(2,270)(15,701)(16,077)(16,448) 
Other undisclosed income (loss) from continuing operations before income taxes  (1,430)526453451 
Loss from continuing operations before income taxes:(9,589)(3,700)(15,175)(15,624)(15,997) 
Income tax expense (benefit)18(16)(27)100(34) 
Loss from continuing operations:(9,571)(3,716)(15,202)(15,524)(16,031) 
Loss before gain (loss) on sale of properties:(15,202)(15,524)(16,031)
Net loss available to common stockholders, diluted:(9,571)(3,716)(15,202)(15,524)(16,031) 

Comprehensive Income ($ in thousands)

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
Net loss:(9,571)(3,716)(15,202)(15,524)(16,031) 
Comprehensive loss:(9,571)(3,716)(15,202)(15,524)(16,031) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(604)(3,023)2,1412,113737 
Comprehensive loss, net of tax, attributable to parent:(10,175)(6,739)(13,061)(13,411)(15,294) 

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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