MedAvail Holdings, Inc. (MDVLQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 4720 E COTTON GIN LOOP
PHOENIX, AZ 85040
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5912 - Drug Stores and Proprietary Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,44419,68957,9366415923
Cash and cash equivalents11,44419,68957,9366415923
Restricted cash and investments67640060   
Receivables2,2091,1891,5205784
Inventory, net of allowances, customer advances and progress billings6,9373,9162,8171,6661,6761,779
Inventory6,9373,9162,8171,6661,6761,779
Prepaid expense2,663  2310163
Disposal group, including discontinued operation      
Other current assets     1,124 
Other undisclosed current assets  2,1911,534   
Total current assets:23,92927,38563,8671,7582,9032,869
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization132162131 
Operating lease, right-of-use asset1,9532,3761,108192
Property, plant and equipment6,4555,6923,79597149184
Intangible assets, net (including goodwill)4652,3002278961,2451,640
Intangible assets, net (excluding goodwill)4652,3002278961,2451,640
Disposal group, including discontinued operation, noncurrent assets      
Other noncurrent assets198228203 50 
Other undisclosed noncurrent assets    95108102
Total noncurrent assets:9,20310,7585,4641,2801,5521,926
TOTAL ASSETS:33,13238,14369,3313,0384,4554,795
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,8686,7404,5121,1591,015431
Employee-related liabilities2,7332,760209  
Accounts payable1,6754,0071,339277236176
Accrued liabilities1,193 413230383255
Other undisclosed accounts payable and accrued liabilities    443396 
Deferred revenue15283275 
Debt82832,16146  
Disposal group, including discontinued operation      
Other undisclosed current liabilities2,839599665507619 
Total current liabilities:5,9417,5057,6131,7121,634431
Noncurrent Liabilities
Long-term debt and lease obligation4,8499,538 146  
Long-term debt, excluding current maturities4,7989,538    
Finance lease, liability51   
Liabilities, other than long-term debt1,518     
Operating lease, liability1,518  146
Other undisclosed noncurrent liabilities 2,027651   
Total noncurrent liabilities:6,36711,565651146  
Total liabilities:12,30819,0708,2641,8581,634431
Equity
Equity, attributable to parent20,82419,07361,0671,1802,8214,364
Common stock813332986
Additional paid in capital256,229216,685213,62440,49637,88036,202
Accumulated other comprehensive loss(6,928)(6,928)(6,928)   
Accumulated deficit(239,706)(192,090)(148,275)(39,325)(35,067)(31,844)
Warrants and rights outstanding11,1481,3732,614   
Total equity:20,82419,07361,0671,1802,8214,364
TOTAL LIABILITIES AND EQUITY:33,13238,14369,3313,0384,4554,795

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

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues43,10922,12913,9681,032360526
Revenue, net526
Cost of revenue(40,524)(21,812)(8,805)(397)(248)(308)
Cost of goods and services sold(533)(1,142)(419)(397)(248)(308)
Gross profit:2,5853175,163635112218
Operating expenses(49,007)(43,826)(25,914)(4,853)(4,441)(4,286)
Other undisclosed operating loss   (4,751)   
Operating loss:(46,422)(43,509)(25,502)(4,218)(4,329)(4,068)
Nonoperating income (expense)2285(67)(40)(18)10
Investment income, nonoperating27943   
Other nonoperating income (expense)  206(110) (2)12
Interest and debt expense(1,172)(589)(1,241)(40)(16)(2)
Loss from continuing operations before equity method investments, income taxes:(47,592)(43,813)(26,810)(4,298)(4,363)(4,060)
Other undisclosed income (loss) from continuing operations before income taxes   40162
Loss from continuing operations before income taxes:(47,592)(43,813)(26,810)(4,258)(4,347)(4,058)
Income tax expense (benefit) (24)(2)  1,124 
Loss from continuing operations:(47,616)(43,815)(26,810)(4,258)(3,223)(4,058)
Loss before gain (loss) on sale of properties:(43,815)(26,810)(4,258)(3,223)(4,058)
Net loss:(47,616)(43,815)(26,810)(4,258)(3,223)(4,058)
Other undisclosed net loss attributable to parent      
Net loss available to common stockholders, diluted:(47,616)(43,815)(26,810)(4,258)(3,223)(4,058)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(47,616)(43,815)(26,810)(4,258)(3,223)(4,058)
Comprehensive loss:(47,616)(43,815)(26,810)(4,258)(3,223)(4,058)
Other undisclosed comprehensive income, net of tax, attributable to parent   22   
Comprehensive loss, net of tax, attributable to parent:(47,616)(43,815)(26,788)(4,258)(3,223)(4,058)

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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