NeoGenomics, Inc. (NEO) Financial Statements (2024 and earlier)

Company Profile

Business Address 9490 NEOGENOMICS WAY
FORT MYERS, FL 33912
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 8734 - Testing Laboratories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
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 investments263,180515,390296,259173,0169,81112,821
Cash and cash equivalents263,180316,827228,713173,0169,81112,821
Short-term investments  198,56367,546   
Receivables119,711112,130106,84394,24276,91960,427
Inventory, net of allowances, customer advances and progress billings24,27723,39529,52614,4058,6507,474
Inventory24,27723,39529,52614,4058,6507,474
Prepaid expense15,23712,35411,5476,3277,727 
Asset, held-for-sale, not part of disposal group  10,050    
Other current assets8,0778,1894,5552,748561 
Other undisclosed current assets174,809    4,241
Total current assets:605,291681,508448,730290,738103,66884,963
Noncurrent Assets
Operating lease, right-of-use asset96,109102,19745,78626,492
Property, plant and equipment102,499109,46585,87364,18860,88836,504
Intangible assets, net (including goodwill)931,026969,440331,736325,241337,921221,184
Goodwill522,766527,115211,083198,601197,892147,019
Intangible assets, net (excluding goodwill)408,260442,325120,653126,640140,02974,165
Contract with customer, asset, after allowance for credit loss   290  
Capitalized contract cost, net   970  
Restricted cash and investments   21,919   
Other noncurrent assets5,1097,1684,5032,8472,538689
Other undisclosed noncurrent assets   48,524   
Total noncurrent assets:1,134,7431,188,270539,601418,768401,347258,377
TOTAL ASSETS:1,740,0341,869,778988,331709,506505,015343,340
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60,65156,22549,69240,93336,84119,932
Employee-related liabilities38,30424,72721,36519,0629,482
Accounts payable20,51017,92124,96519,56817,77910,450
Accrued liabilities40,141     
Deferred revenue7,5575,1924,0291,610
Debt701,1352,84110,43214,1718,989
Restructuring reserve1,519     
Other undisclosed current liabilities20,13524,68016,62110,9299,9136,144
Total current liabilities:89,93287,23273,18363,90460,92535,065
Noncurrent Liabilities
Long-term debt and lease obligation, including:535,322532,554169,08795,02898,13096,435
Long-term debt, excluding current maturities535,322532,483168,12091,82992,88091,132
Capital lease obligations5,2505,283
Finance lease, liability  71967 
Other undisclosed long-term debt and lease obligation  (72,289)(42,296)(20,835) 20
Liabilities, other than long-term debt116,75770,34310,18320,30325,517 
Deferred revenue  9177121,171
Deferred tax liabilities, net22,457 
Deferred income tax liabilities34,75055,4755,41515,566
Other liabilities13,05513,9514,0563,5663,060 
Operating lease, liability68,95272,28942,29624,034
Other undisclosed noncurrent liabilities  71,37241,58422,863 6,307
Total noncurrent liabilities:652,079674,269220,854138,194123,647102,742
Total liabilities:742,011761,501294,037202,098184,572137,807
Temporary equity, carrying amount      32,615
Equity
Equity, attributable to parent, including:998,0231,108,277694,294507,408320,443172,918
Additional paid in capital1,160,8821,123,628701,357520,278372,186230,030
Accumulated other comprehensive income (loss)(3,899)(638)10(1,618)(579)274
Accumulated deficit(159,087)(14,837)(7,185)(11,357)(51,258)(57,466)
Other undisclosed equity, attributable to parent1271241121059480
Total equity:998,0231,108,277694,294507,408320,443172,918
TOTAL LIABILITIES AND EQUITY:1,740,0341,869,778988,331709,506505,015343,340

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues509,728484,329444,448408,830276,741258,611
Revenue, net258,611
Cost of revenue
(Cost of Goods and Services Sold)
(321,832)(297,269)(258,555)(211,994)(149,476)(138,295)
Gross profit:187,896187,060185,893196,836127,265120,316
Operating expenses(345,519)(305,814)(199,885)(183,830)(117,225)(117,992)
Operating income (loss):(157,623)(118,754)(13,992)13,00610,0402,324
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(213)(499)11,861(4,630)14(265)
Interest and debt expense(1,506)(5,082)(8,419)(4,731)(6,230)(5,540)
Income (loss) from continuing operations before equity method investments, income taxes:(159,342)(124,335)(10,550)3,6453,824(3,481)
Other undisclosed income (loss) from continuing operations before income taxes 109,260(3,506)   
Income (loss) from continuing operations before income taxes:(159,342)(15,075)(14,056)3,6453,824(3,481)
Income tax expense (benefit)15,0926,72818,2284,361(1,184)2,635
Income (loss) from continuing operations:(144,250)(8,347)4,1728,0062,640(846)
Income (loss) before gain (loss) on sale of properties:(8,347)4,1728,0062,640(846)
Net income (loss) attributable to parent:(144,250)(8,347)4,1728,0062,640(846)
Preferred stock dividends and other adjustments     (10,198)(3,645)
Other undisclosed net income (loss) available to common stockholders, basic     13,646(6,902)
Net income (loss) available to common stockholders, diluted:(144,250)(8,347)4,1728,0066,088(11,393)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(144,250)(8,347)4,1728,0062,640(846)
Comprehensive income (loss):(144,250)(8,347)4,1728,0062,640(846)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,261)(648)1,628(1,039)(853)274
Comprehensive income (loss), net of tax, attributable to parent:(147,511)(8,995)5,8006,9671,787(572)

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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