iCAD Inc. (ICAD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
98 SPIT BROOK ROAD, SUITE 100 NASHUA, NH 03062 |
| 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 21,670 | 21,313 | 34,282 | 27,186 | 15,313 | 12,185 | |||
| Cash and cash equivalents | 21,670 | 21,313 | 34,282 | 27,186 | 15,313 | 12,185 | |||
| Receivables | 6,392 | 9,098 | 9,291 | 10,027 | 9,819 | 6,403 | |||
| Inventory, net of allowances, customer advances and progress billings | 917 | 5,389 | 4,171 | 3,144 | 2,611 | 1,587 | |||
| Inventory | 917 | 5,389 | 4,171 | 3,144 | 2,611 | 1,587 | |||
| Other undisclosed current assets | 699 | 2,441 | 2,562 | 1,945 | 1,453 | 1,045 | |||
| Total current assets: | 29,678 | 38,241 | 50,306 | 42,302 | 29,196 | 21,220 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 461 | 2,406 | ✕ | ||||||
| Property, plant and equipment | 1,823 | 1,074 | 882 | 744 | 551 | 552 | |||
| Intangible assets, net (including goodwill) | 8,510 | 9,545 | |||||||
| Goodwill | 8,362 | 8,362 | |||||||
| Intangible assets, net (excluding goodwill) | 148 | 1,183 | |||||||
| Contract with customer, asset, after allowance for credit loss | 157 | ||||||||
| Deferred income tax assets | 97 | ✕ | |||||||
| Other noncurrent assets | 12,390 | 11,003 | 12,536 | 9,965 | |||||
| Other undisclosed noncurrent assets | 692 | 50 | |||||||
| Total noncurrent assets: | 11,740 | 13,464 | 11,885 | 13,280 | 12,552 | 10,517 | |||
| TOTAL ASSETS: | 41,418 | 51,705 | 62,191 | 55,582 | 41,748 | 31,737 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,448 | 4,681 | 5,642 | 7,039 | 6,590 | 5,060 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 2,016 | 3,654 | 3,200 | 1,811 | ||
| Accounts payable | 712 | 1,973 | 1,154 | ||||||
| Accrued liabilities | 2,448 | 4,681 | 828 | ||||||
| Other undisclosed accounts payable and accrued liabilities | (712) | (1,973) | 3,626 | 3,385 | 3,390 | 1,267 | |||
| Deferred revenue | 3,400 | 6,216 | 5,652 | 6,117 | 5,248 | ✕ | |||
| Debt | 5,008 | 15 | |||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,209 | ||
| Other undisclosed current liabilities | 900 | 2,555 | 3,668 | 3,595 | 1,990 | 2,961 | |||
| Total current liabilities: | 6,748 | 13,452 | 14,962 | 16,751 | 18,836 | 13,245 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 266 | 8,035 | 3,840 | 4,265 | |||||
| Long-term debt, excluding current maturities | 6,960 | 2,003 | 4,254 | ||||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 11 | ||
| Liabilities, other than long-term debt | 1,247 | 3,345 | 441 | 267 | 356 | 30 | |||
| Deferred revenue | 974 | 542 | 441 | 267 | 356 | ✕ | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3 | ||
| Other liabilities | 27 | ||||||||
| Operating lease, liability | 273 | 2,803 | 266 | 1,075 | 1,837 | ✕ | |||
| Other undisclosed noncurrent liabilities | 6 | 6 | 5 | 4 | 13,645 | 7,301 | |||
| Total noncurrent liabilities: | 1,253 | 3,351 | 712 | 8,306 | 17,841 | 11,596 | |||
| Total liabilities: | 8,001 | 16,803 | 15,674 | 25,057 | 36,677 | 24,841 | |||
| Equity | |||||||||
| Equity, attributable to parent | 33,417 | 34,902 | 46,517 | 30,525 | 5,071 | 6,896 | |||
| Common stock | 265 | 254 | 253 | 236 | 196 | 171 | |||
| Treasury stock, value | (1,415) | (1,415) | (1,415) | (1,415) | (1,415) | (1,415) | |||
| Additional paid in capital | 306,250 | 302,899 | 300,859 | 273,639 | 230,615 | 218,914 | |||
| Accumulated deficit | (271,683) | (266,836) | (253,180) | (241,935) | (224,325) | (210,774) | |||
| Total equity: | 33,417 | 34,902 | 46,517 | 30,525 | 5,071 | 6,896 | |||
| TOTAL LIABILITIES AND EQUITY: | 41,418 | 51,705 | 62,191 | 55,582 | 41,748 | 31,737 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 17,318 | 27,944 | 33,638 | 29,698 | 31,340 | 25,621 | ||
| Gain on disposition of assets for financial service operations | 7,500 | 6,700 | ||||||
| Cost of revenue (Cost of Goods and Services Sold) | (2,533) | (8,132) | (9,395) | (8,344) | (7,113) | (6,191) | ||
| Gross profit: | 14,785 | 19,812 | 24,243 | 21,354 | 24,227 | 19,430 | ||
| Operating expenses | (22,474) | (33,742) | (34,975) | (30,742) | (30,624) | (27,560) | ||
| Operating loss: | (7,689) | (13,930) | (10,732) | (9,388) | (6,397) | (8,130) | ||
| Nonoperating income (expense) | 699 | 158 | (512) | (8,184) | (7,111) | (845) | ||
| Investment income, nonoperating | 729 | 213 | 15 | 97 | 344 | 110 | ||
| Other nonoperating income (expense) | (14) | (45) | ||||||
| Interest and debt expense | (16) | (10) | (386) | (7,464) | (6,671) | (504) | ||
| Loss from continuing operations before equity method investments, income taxes: | (7,006) | (13,782) | (11,630) | (25,036) | (20,179) | (9,479) | ||
| Other undisclosed income from continuing operations before income taxes | 16 | 10 | 386 | 7,464 | 6,671 | 504 | ||
| Loss from continuing operations before income taxes: | (6,990) | (13,772) | (11,244) | (17,572) | (13,508) | (8,975) | ||
| Income tax expense (benefit) | (20) | 116 | (1) | (38) | (43) | (42) | ||
| Loss from continuing operations: | (7,010) | (13,656) | (11,245) | (17,610) | (13,551) | (9,017) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (11,245) | (17,610) | (13,551) | (9,017) | |
| Net loss: | (7,010) | (13,656) | (11,245) | (17,610) | (13,551) | (9,017) | ||
| Other undisclosed net income attributable to parent | 2,163 | |||||||
| Net loss available to common stockholders, diluted: | (4,847) | (13,656) | (11,245) | (17,610) | (13,551) | (9,017) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (7,010) | (13,656) | (11,245) | (17,610) | (13,551) | (9,017) | ||
| Comprehensive loss, net of tax, attributable to parent: | (7,010) | (13,656) | (11,245) | (17,610) | (13,551) | (9,017) | ||
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.