Envoy Medical Inc. (COCH) Financial Statements (2024 and earlier)

Company Profile

Business Address 4875 WHITE BEAR PARKWAY
WHITE BEAR LAKE, MN 55110
State of Incorp.
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)

12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments108150
Cash and cash equivalents108150
Receivables  
Inventory, net of allowances, customer advances and progress billings  
Inventory  
Prepaid expense 113713
Other undisclosed current assets  
Total current assets:220863
Noncurrent Assets
Property, plant and equipment  
Asset, held-in-trust 430,047425,038
Other undisclosed noncurrent assets3541,003
Total noncurrent assets:430,401426,040
TOTAL ASSETS:430,621426,904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,1232,678
Accounts payable1,178619
Accrued liabilities3,9462,059
Derivative instruments and hedges, liabilities  
Other undisclosed current liabilities2,187 
Total current liabilities:7,3102,678
Noncurrent Liabilities
Liabilities, other than long-term debt  
Derivative instruments and hedges, liabilities  
Other undisclosed noncurrent liabilities11,47935,939
Total noncurrent liabilities:11,47935,939
Total liabilities:18,78938,617
Temporary equity, carrying amount 429,747425,000
Equity
Equity, attributable to parent, including:(17,915)(36,714)
Additional paid in capital  
Accumulated other comprehensive loss  
Accumulated deficit(17,916)(36,715)
Other undisclosed equity, attributable to parent11
Total equity:(17,915)(36,714)
TOTAL LIABILITIES AND EQUITY:430,621426,904

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

12/31/2023
12/31/2022
12/31/2021
Revenues  
Cost of revenue  
Cost of goods and services sold  
Gross profit:  
Operating expenses(4,888)(5,205)
Operating loss:(4,888)(5,205)
Nonoperating income (expense)6,12538
Investment income, nonoperating 6,12538
Income (loss) from continuing operations before equity method investments, income taxes:1,237(5,167)
Other undisclosed income from continuing operations before income taxes 19,499 
Income (loss) from continuing operations before income taxes:20,735(5,167)
Income tax expense (benefit) (1,502)1,085
Income (loss) from continuing operations:19,234(4,082)
Loss before gain (loss) on sale of properties:(4,082)
Other undisclosed net income  3,831
Net income (loss) available to common stockholders, diluted:19,234(252)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Net income (loss):19,234(252)
Comprehensive income (loss):19,234(252)
Other undisclosed comprehensive loss, net of tax, attributable to parent  
Comprehensive income (loss), net of tax, attributable to parent:19,234(252)

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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