Kips Bay Medical Inc (KIPS) Financial Statements (2025 and earlier)

Company Profile

Business Address 3405 ANNAPOLIS LANE
MINNEAPOLIS, MN 55447
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)

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:2,6003,6004,8006,0377,2745,000
Cash and cash equivalents2,5643,1384,0614,7205,3522,316
Short-term investments504577061,3171,9222,684
Other undisclosed cash, cash equivalents, and short-term investments(14)533   
Receivables11813142728
Inventory, net of allowances, customer advances and progress billings668673703727778793
Inventory668673703727778793
Other undisclosed current assets30010411419927288
Total current assets:3,5794,3855,6306,9778,3515,909
Noncurrent Assets
Property, plant and equipment342353363376387400
Total noncurrent assets:342353363376387400
TOTAL ASSETS:3,9214,7385,9937,3538,7386,309
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities440469521586556455
Employee-related liabilities24364785  
Accounts payable4678542859141
Accrued liabilities370355420473497314
Other undisclosed current liabilities(24)(36)(47)(85)  
Total current liabilities:416433474501556455
Noncurrent Liabilities
Total liabilities:416433474501556455
Equity
Equity, attributable to parent3,5054,3055,5196,8528,1825,854
Common stock330330330330330270
Additional paid in capital45,53645,49245,38845,29845,19941,494
Accumulated deficit(42,361)(41,517)(40,199)(38,776)(37,347)(35,910)
Total equity:3,5054,3055,5196,8528,1825,854
TOTAL LIABILITIES AND EQUITY:3,9214,7385,9937,3538,7386,309

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

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
Revenues
(Revenue, Net)
81313312641
Cost of revenue
(Cost of Goods and Services Sold)
(4)(9)(8)(14)(12)(21)
Gross profit:445171420
Operating expenses(851)(1,323)(1,430)(1,447)(1,453)(1,558)
Other undisclosed operating income 2     
Operating loss:(845)(1,319)(1,425)(1,430)(1,439)(1,538)
Nonoperating income (expense)
(Investment Income, Nonoperating)
 1(1)12(6)(8)
Loss from continuing operations:(844)(1,320)(1,424)(1,428)(1,445)(1,546)
Loss before gain (loss) on sale of properties:(844)(1,320)(1,424)(1,428)(1,445)(1,546)
Net loss attributable to parent:(844)(1,320)(1,424)(1,428)(1,445)(1,546)
Other undisclosed net income available to common stockholders, basic  2  812
Net loss available to common stockholders, diluted:(844)(1,318)(1,424)(1,428)(1,437)(1,534)

Comprehensive Income ($ in thousands)

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
Net loss:(844)(1,320)(1,424)(1,428)(1,445)(1,546)
Other comprehensive loss (844)     
Comprehensive loss:(1,688)(1,320)(1,424)(1,428)(1,445)(1,546)
Other undisclosed comprehensive income, net of tax, attributable to parent  2  812
Comprehensive loss, net of tax, attributable to parent:(1,688)(1,318)(1,424)(1,428)(1,437)(1,534)

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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