Pulmonx Corporation (LUNG) Financial Statements (2024 and earlier)

Company Profile

Business Address 700 CHESAPEAKE DRIVE
REDWOOD CITY, CA 94063
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments83,547141,138180,041231,561
Cash and cash equivalents83,547101,736148,480231,561
Short-term investments  39,40231,561 
Receivables13,0209,2796,9244,567
Inventory, net of allowances, customer advances and progress billings16,74314,56416,28510,741
Inventory16,74314,56416,28510,741
Prepaid expense2,8163,4514,1742,512
Other current assets504290347377
Other undisclosed current assets33,792231231231
Total current assets:150,422168,953208,002249,989
Noncurrent Assets
Inventory, Noncurrent2,5805,283  
Operating lease, right-of-use asset3,4065,8068,0758,976
Property, plant and equipment4,0284,6944,8141,474
Long-term investments and receivables  5,92410,941 
Long-term investments  5,92410,941 
Intangible assets, net (including goodwill)2,3642,4872,6102,733
Goodwill2,3332,3332,3332,333
Intangible assets, net (excluding goodwill) 31154277400
Other noncurrent assets591529731536
Other undisclosed noncurrent assets14,390   
Total noncurrent assets:27,35924,72327,17113,719
TOTAL ASSETS:177,781193,676235,173263,708
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,73115,03414,94810,123
Accounts payable1,4971,7581,5821,472
Accrued liabilities16,23413,27613,3668,651
Deferred revenue10412016371
Debt2,1559091 
Other undisclosed current liabilities3,1673,2482,3482,332
Total current liabilities:23,15718,49217,55012,526
Noncurrent Liabilities
Long-term debt and lease obligation35,089 7,4788,182
Long-term debt, excluding current maturities35,089 634564
Liabilities, other than long-term debt1,2203,9433762
Deferred income tax liabilities114943762
Operating lease, liability1,1063,8496,8447,618
Other undisclosed noncurrent liabilities  17,23416,86916,804
Total noncurrent liabilities:36,30921,17724,38425,048
Total liabilities:59,46639,66941,93437,574
Equity
Equity, attributable to parent118,315154,007193,239226,134
Common stock39383736
Additional paid in capital526,797502,712482,885467,147
Accumulated other comprehensive income2,6401,5751,7121,685
Accumulated deficit(411,161)(350,318)(291,395)(242,734)
Total equity:118,315154,007193,239226,134
TOTAL LIABILITIES AND EQUITY:177,781193,676235,173263,708

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues68,67553,66248,41632,733
Cost of revenue
(Cost of Goods and Services Sold)
(17,923)(13,797)(12,786)(11,531)
Gross profit:50,75239,86535,63021,202
Operating expenses(112,687)(98,502)(82,934)(53,534)
Operating loss:(61,935)(58,637)(47,304)(32,332)
Nonoperating income (expense)4,8951,133(185)3,495
Investment income, nonoperating5,5681,529400213
Other nonoperating income (expense)(673)(396)(585)3,282
Interest and debt expense(3,232)(1,066)(829)(3,181)
Loss from continuing operations before income taxes:(60,272)(58,570)(48,318)(32,018)
Income tax expense(571)(353)(343)(213)
Loss from continuing operations:(60,843)(58,923)(48,661)(32,231)
Loss before gain (loss) on sale of properties:(48,661)(32,231)
Net loss available to common stockholders, diluted:(60,843)(58,923)(48,661)(32,231)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(60,843)(58,923)(48,661)(32,231)
Comprehensive loss:(60,843)(58,923)(48,661)(32,231)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,065(137)27312
Comprehensive loss, net of tax, attributable to parent:(59,778)(59,060)(48,634)(31,919)

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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