Salona Global Medical Device Corp (LNDZF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
SUITE 2700, VANCOUVER, BC V6E 4E5 |
| State of Incorp. | BC |
| 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)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 11/30/2022 Q3 | 8/31/2022 Q2 | 5/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,053 | 1,398 | 2,343 | 3,139 | 6,938 | 6,877 | |||
| Cash and cash equivalent | 1,053 | 1,398 | 2,343 | 3,139 | 6,938 | 6,877 | |||
| Receivables | 9,986 | 10,980 | 7,435 | 7,797 | 7,873 | 7,227 | |||
| Inventory, net of allowances, customer advances and progress billings | 12,132 | 13,349 | 6,694 | 8,590 | 7,873 | 6,222 | |||
| Inventory | 12,132 | 13,349 | 6,694 | 8,590 | 7,873 | 6,222 | |||
| Prepaid expense | 2,203 | 1,812 | 321 | 479 | 633 | 560 | |||
| Other undisclosed current assets | 1,353 | ||||||||
| Total current assets: | 25,374 | 27,539 | 18,147 | 20,005 | 23,317 | 20,885 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 11,490 | 11,669 | 7,764 | 7,878 | 4,334 | 4,292 | |||
| Property, plant and equipment | 3,843 | 3,943 | 3,306 | 3,069 | 1,535 | 1,496 | |||
| Long-term investments and receivables, including: | 142 | 172 | 192 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 142 | 172 | 192 | ||||||
| Other undisclosed long-term investments and receivables | |||||||||
| Intangible assets, net (including goodwill) | 26,335 | 25,835 | 22,721 | 21,952 | 18,250 | 18,259 | |||
| Goodwill | 16,143 | 15,251 | 13,695 | 12,544 | 10,554 | 10,554 | |||
| Intangible assets, net (excluding goodwill) | 10,192 | 10,584 | 9,026 | 9,408 | 7,695 | 7,704 | |||
| Prepaid expense | 241 | 437 | 274 | ||||||
| Restricted cash and investments | 608 | 596 | 566 | 565 | 501 | 483 | |||
| Total noncurrent assets: | 42,518 | 42,621 | 34,802 | 33,656 | 24,619 | 24,530 | |||
| TOTAL ASSETS: | 67,892 | 70,160 | 52,949 | 53,661 | 47,937 | 45,416 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 9,918 | 10,098 | 6,122 | 6,139 | 5,777 | 4,036 | |||
| Accounts payable | 7,250 | 8,183 | 4,922 | 3,723 | 5,463 | 3,635 | |||
| Accrued liabilities | 2,668 | 1,915 | 1,200 | 2,416 | 314 | 401 | |||
| Debt | 9,464 | 9,034 | 198 | 194 | 185 | 176 | |||
| Other liabilities | 2,152 | 4,013 | 1,335 | 2,066 | 1,821 | 1,447 | |||
| Other undisclosed current liabilities | 18,476 | 22,730 | 24,749 | 20,072 | 17,251 | 8,280 | |||
| Total current liabilities: | 40,010 | 45,874 | 32,404 | 28,471 | 25,034 | 13,939 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 764 | 741 | 532 | 587 | 4,907 | 4,858 | |||
| Long-term debt, excluding current maturities | 764 | 741 | 532 | 587 | 613 | 634 | |||
| Liabilities, other than long-term debt | 7,723 | 7,727 | 6,007 | 6,027 | |||||
| Operating lease, liability | 7,723 | 7,727 | 6,007 | 6,027 | 4,295 | 4,224 | |||
| Other undisclosed noncurrent liabilities | 2,425 | (2,358) | (2,297) | ||||||
| Total noncurrent liabilities: | 8,487 | 8,468 | 6,539 | 9,039 | 6,844 | 6,785 | |||
| Total liabilities: | 48,497 | 54,342 | 38,943 | 37,510 | 31,878 | 20,724 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 19,395 | 15,818 | 14,006 | 16,151 | 16,059 | 24,692 | |||
| Common stock | 39,680 | 39,610 | 38,970 | 38,767 | 38,593 | 38,391 | |||
| Additional paid in capital | 9,453 | 9,155 | 8,473 | 8,042 | 7,661 | 7,457 | |||
| Accumulated other comprehensive income | 2,075 | 1,751 | 1,646 | 968 | 1,048 | 629 | |||
| Accumulated deficit | (49,051) | (52,040) | (50,924) | (47,692) | (46,163) | (36,531) | |||
| Other undisclosed equity, attributable to parent | 17,238 | 17,341 | 15,841 | 16,064 | 14,919 | 14,745 | |||
| Total equity: | 19,395 | 15,818 | 14,006 | 16,151 | 16,059 | 24,692 | |||
| TOTAL LIABILITIES AND EQUITY: | 67,892 | 70,160 | 52,949 | 53,661 | 47,937 | 45,416 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 11/30/2022 Q3 | 8/31/2022 Q2 | 5/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 19,647 | 16,575 | 10,683 | 10,548 | 10,044 | 10,049 | ||
| Cost of revenue (Cost of Product and Service Sold) | (12,379) | (10,943) | (6,587) | (7,052) | (7,016) | (6,406) | ||
| Gross profit: | 7,268 | 5,632 | 4,096 | 3,495 | 3,029 | 3,642 | ||
| Operating expenses | (8,283) | (8,122) | (4,792) | (4,036) | (3,338) | (2,876) | ||
| Operating income (loss): | (1,015) | (2,490) | (696) | (541) | (310) | 766 | ||
| Nonoperating income (expense) (Gain (Loss), Foreign Currency Transaction, before Tax) | (0) | 3 | 2 | (14) | (0) | 0 | ||
| Interest and debt expense | (641) | (454) | (278) | (227) | (150) | (132) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,657) | (2,941) | (973) | (781) | (460) | 634 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 4,655 | 1,828 | (654) | (809) | (9,202) | (3,859) | ||
| Income (loss) from continuing operations before income taxes: | 2,998 | (1,114) | (1,626) | (1,590) | (9,662) | (3,225) | ||
| Income tax expense (benefit) | (10) | (2) | (36) | 62 | 30 | 59 | ||
| Income (loss) from continuing operations: | 2,988 | (1,116) | (1,663) | (1,529) | (9,632) | (3,166) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (9,632) | (3,166) | |
| Net income (loss) available to common stockholders, diluted: | 2,988 | (1,116) | (1,663) | (1,529) | (9,632) | (3,166) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 11/30/2022 Q3 | 8/31/2022 Q2 | 5/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,988 | (1,116) | (1,663) | (1,529) | (9,632) | (3,166) | ||
| Comprehensive income (loss): | 2,988 | (1,116) | (1,663) | (1,529) | (9,632) | (3,166) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 324 | 105 | (42) | (80) | 419 | (377) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 3,313 | (1,011) | (1,705) | (1,609) | (9,213) | (3,544) | ||
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.