DURECT Corporation (DRRX) financial statements (2022 and earlier)

Company profile

Business Address 10260 BUBB RD
CUPERTINO, CA 95014
State of Incorp. DE
Fiscal Year End December 31
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments69,81040,73364,67434,31536,75925,00429,040
Cash and cash equivalents49,84421,31234,92431,64429,3755,4043,583
Short-term investments19,96619,42129,7502,6717,38419,60025,457
Receivables6,4779402,3131,7572,3761,1542,222
Inventory, net of allowances, customer advances and progress billings1,8701,8643,3833,4213,1633,7823,917
Inventory1,8701,8643,3833,4213,1633,7823,917
Other undisclosed current assets3,58019,5241,4592,2473,0602,4863,142
Total current assets:81,73763,06171,82941,74045,35832,42638,321
Noncurrent Assets
Operating lease, right-of-use asset3,4464,7496,066
Property, plant and equipment2272514696059291,2971,566
Long-term investments and receivables 1,000     
Long-term investments 1,000     
Intangible assets, net (including goodwill)6,1696,1696,3996,3996,3996,3996,399
Goodwill6,1696,1696,3996,3996,3996,3996,399
Restricted cash and investments150150150150150150250
Other noncurrent assets2612611,1071,105277236236
Total noncurrent assets:10,25312,58014,1918,2597,7558,0828,451
TOTAL ASSETS:91,99075,64186,02049,99953,11340,50846,772
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,7997,4798,3936,2577,0317,1466,256
Accounts payable 1,6782,1091,5891,5202,0861,286
Accrued liabilities 5,8016,2844,6685,5115,0604,970
Employee-related liabilities4,099      
Other undisclosed accounts payable and accrued liabilities2,700      
Deferred revenue98 22,679
Debt 8842,043 7,28119,853 
Deferred revenue and credits682968616
Other undisclosed current liabilities3,1592,3403,6531,405834783575
Total current liabilities:10,05610,70336,7687,66215,82828,7507,447
Noncurrent Liabilities
Long-term debt and lease obligation22,45623,13824,77920,53312,634 19,684
Long-term debt, excluding current maturities20,63219,93620,26220,53312,634 19,684
Operating lease, liability1,8243,2024,517
Liabilities, other than long-term debt1,6961,6851,6131,8043,1633,4204,758
Deferred revenue and credits1,0931,8792,269
Deferred revenue812812812
Contract with customer, liability812
Other liabilities8848738019922,0701,5412,489
Total noncurrent liabilities:24,15224,82326,39222,33715,7973,42024,442
Total liabilities:34,20835,52663,16029,99931,62532,17031,889
Stockholders' equity
Stockholders' equity attributable to parent57,78240,11522,86020,00021,4888,33814,883
Common stock23201916151412
Additional paid in capital583,818529,884512,046488,608465,246448,404420,453
Accumulated other comprehensive loss(10)(5)(3) (1)(3)(14)
Accumulated deficit(526,049)(489,784)(489,202)(468,624)(443,772)(440,077)(405,568)
Total stockholders' equity:57,78240,11522,86020,00021,4888,33814,883
TOTAL LIABILITIES AND EQUITY:91,99075,64186,02049,99953,11340,50846,772

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues13,97730,11129,56418,56449,17014,02519,124
Revenue, net49,17014,02519,124
Cost of revenue(1,966)(1,406)(4,143)(4,263)(6,633)(5,290)(3,905)
Cost of goods and services sold(1,955)(1,406)(4,143)(4,263)(6,633)(5,290)(3,905)
Gross profit:12,01128,70525,42114,30142,5378,73515,219
Operating expenses(46,284)(41,320)(44,572)(37,920)(44,774)(41,099)(35,883)
Operating loss:(34,273)(12,615)(19,151)(23,619)(2,237)(32,364)(20,664)
Nonoperating expense(1,992)(1,720)(1,427)(1,703)(1,458)(2,145)(1,999)
Other nonoperating income1565171,074870967143237
Interest and debt expense(2,148)(2,237)(2,501)(2,573)(2,425)(9)(2,236)
Loss from continuing operations before income taxes:(38,413)(16,572)(23,079)(27,895)(6,120)(34,518)(24,899)
Other undisclosed income from continuing operations2,1482,237     
Loss from continuing operations:(36,265)(14,335)(23,079)(27,895)(6,120)(34,518)(24,899)
Income from discontinued operations 13,753     
Loss before gain (loss) on sale of properties:(36,265)(582)(23,079)(27,895)(6,120)(34,518)(24,899)
Other undisclosed net income  2,5012,573   
Net loss:(36,265)(582)(20,578)(25,322)(6,120)(34,518)(24,899)
Other undisclosed net income attributable to parent    2,42592,236
Net loss available to common stockholders, diluted:(36,265)(582)(20,578)(25,322)(3,695)(34,509)(22,663)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(36,265)(582)(20,578)(25,322)(6,120)(34,518)(24,899)
Comprehensive loss:(36,265)(582)(20,578)(25,322)(6,120)(34,518)(24,899)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)(2)(3)12,427202,135
Comprehensive loss, net of tax, attributable to parent:(36,270)(584)(20,581)(25,321)(3,693)(34,498)(22,764)

Statements sources

The financial statements are based on the company's filings with the 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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