NantHealth, Inc. (NHIQ) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3000 RDU CENTER DRIVE MORRISVILLE, NC 27560 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7374 - Computer Processing and Data Preparation and Processing Services (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 investments | 1,759 | 29,084 | 22,787 | 5,243 | 18,305 | 61,660 | |||
| Cash and cash equivalents | 1,759 | 29,084 | 22,787 | 5,243 | 18,305 | 61,660 | |||
| Restricted cash and investments | 1,180 | 1,180 | 350 | ||||||
| Receivables | 7,674 | 506 | 1,284 | 17,450 | 16,293 | 12,076 | |||
| Inventory, net of allowances, customer advances and progress billings | 798 | 496 | 839 | ||||||
| Inventory | 798 | 496 | 839 | ||||||
| Prepaid expense | 1,574 | 2,256 | 2,268 | 1,948 | 1,485 | 2,791 | |||
| Deferred costs | 1,960 | ||||||||
| Other undisclosed current assets | 398 | 6,384 | 4,256 | 12,474 | 2,865 | 2,217 | |||
| Total current assets: | 12,585 | 39,410 | 30,595 | 37,913 | 39,444 | 81,893 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,285 | 6,048 | 7,539 | 10,073 | ✕ | ✕ | |||
| Property, plant and equipment | 12,383 | 4,727 | 16,095 | 22,978 | 18,517 | ||||
| Long-term investments and receivables | 937 | 1,012 | 823 | 32,810 | 41,611 | 158,590 | |||
| Due from related parties | ✕ | 937 | 1,012 | 823 | 1,108 | 1,611 | 1,727 | ||
| Long-term investments | 31,702 | 40,000 | 156,863 | ||||||
| Intangible assets, net (including goodwill) | 128,443 | 137,372 | 146,302 | 167,778 | 180,633 | 184,049 | |||
| Goodwill | 98,333 | 98,333 | 98,333 | 115,930 | 115,930 | 114,625 | |||
| Intangible assets, net (excluding goodwill) | 30,110 | 39,039 | 47,969 | 51,848 | 64,703 | 69,424 | |||
| Deferred costs | 3,951 | ||||||||
| Other noncurrent assets | 918 | 1,620 | 1,927 | 1,818 | 1,671 | 2,195 | |||
| Other undisclosed noncurrent assets | 7,639 | 13,102 | |||||||
| Total noncurrent assets: | 146,966 | 158,418 | 169,693 | 228,574 | 246,893 | 367,302 | |||
| TOTAL ASSETS: | 159,551 | 197,828 | 200,288 | 266,487 | 286,337 | 449,195 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 14,687 | 15,092 | 19,097 | 36,395 | 15,482 | 21,298 | |||
| Interest and dividends payable | ✕ | ✕ | 703 | ||||||
| Employee-related liabilities | ✕ | ✕ | 8,545 | ||||||
| Accounts payable | 10,408 | 3,204 | 5,122 | 3,951 | 1,650 | 3,164 | |||
| Accrued liabilities | 4,279 | 2,640 | 13,975 | 32,444 | 13,832 | 18,134 | |||
| Deferred revenue | 2,724 | 2,440 | 1,166 | 16,748 | ✕ | ✕ | |||
| Debt | 560 | 782 | 90,846 | 238 | |||||
| Estimated litigation liability | 1,470 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10,057 | ||
| Due to related parties | ✕ | 1,933 | 5,161 | 4,238 | 4,120 | 4,791 | 4,504 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 16,263 | ✕ | ||
| Other undisclosed current liabilities | 14,257 | 4,470 | 9,411 | ||||||
| Total current liabilities: | 35,631 | 27,945 | 124,758 | 57,501 | 36,536 | 35,859 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 74,683 | 80,851 | 8,170 | 95,658 | 79,433 | 74,845 | |||
| Long-term debt, excluding current maturities | 74,683 | 74,603 | 84,648 | 79,433 | 74,845 | ||||
| Liabilities, other than long-term debt | 212,295 | 188,756 | 178,760 | 161,600 | 156,722 | 137,242 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,126 | ||
| Deferred revenue | 1,050 | 2,024 | 393 | 1,286 | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 6,704 | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 5,838 | |||
| Deferred income tax liabilities | 1,206 | 1,775 | 1,853 | 1,879 | ✕ | ✕ | |||
| Due to related parties | ✕ | 169,574 | 150,944 | 143,757 | 136,893 | 130,374 | 124,166 | ||
| Other liabilities | 36,411 | 34,013 | 32,757 | 21,542 | 19,644 | 112 | |||
| Operating lease, liability | 4,054 | 6,248 | 8,170 | 11,010 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 62,335 | 62,268 | 8,864 | 10,815 | 7,947 | ||||
| Total noncurrent liabilities: | 349,313 | 331,875 | 186,930 | 266,122 | 246,970 | 220,034 | |||
| Total liabilities: | 384,944 | 359,820 | 311,688 | 323,623 | 283,506 | 255,893 | |||
| Equity | |||||||||
| Equity, attributable to parent | (225,393) | (161,992) | (111,784) | (57,136) | 2,831 | 193,302 | |||
| Common stock | 12 | 12 | 11 | 11 | 11 | 10 | |||
| Additional paid in capital | 895,897 | 891,105 | 891,583 | 889,955 | 887,289 | 886,669 | |||
| Accumulated other comprehensive loss | (626) | (212) | (168) | (218) | (347) | (144) | |||
| Accumulated deficit | (1,120,676) | (1,052,897) | (1,003,210) | (946,884) | (884,122) | (693,233) | |||
| Equity, attributable to noncontrolling interest | 384 | ||||||||
| Total equity: | (225,393) | (161,992) | (111,400) | (57,136) | 2,831 | 193,302 | |||
| TOTAL LIABILITIES AND EQUITY: | 159,551 | 197,828 | 200,288 | 266,487 | 286,337 | 449,195 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 67,002 | 62,649 | 73,172 | 95,961 | 89,464 | 86,676 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 86,676 | |
| Cost of revenue | (28,839) | (27,807) | (29,226) | (38,422) | (44,269) | (41,522) | ||
| Cost of goods and services sold | (28,839) | (27,807) | (29,226) | (38,422) | (44,269) | (22,455) | ||
| Gross profit: | 38,163 | 34,842 | 43,946 | 57,539 | 45,195 | 45,154 | ||
| Operating expenses | (89,490) | (75,741) | (70,213) | (88,309) | (95,896) | (113,054) | ||
| Operating loss: | (51,327) | (40,899) | (26,267) | (30,770) | (50,701) | (67,900) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (2,650) | (3,089) | (10,824) | (5,625) | (17,876) | 800 | ||
| Interest and debt expense | (742) | |||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (13,739) | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (53,977) | (58,469) | (37,091) | (36,395) | (68,577) | (67,100) | ||
| Loss from equity method investments | (31,702) | (8,317) | (108,409) | (50,334) | ||||
| Other undisclosed loss from continuing operations before income taxes | (14,119) | (19,199) | (18,044) | (17,120) | (16,168) | |||
| Loss from continuing operations before income taxes: | (68,096) | (58,469) | (87,992) | (62,756) | (194,106) | (133,602) | ||
| Income tax expense (benefit) | 317 | (97) | (447) | 112 | 3,673 | 2,203 | ||
| Loss from continuing operations: | (67,779) | (58,566) | (88,439) | (62,644) | (190,433) | (131,399) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (58,566) | (88,700) | (62,644) | (190,433) | (131,399) | |
| Loss from discontinued operations | (261) | |||||||
| Other undisclosed net income | 23 | 32,254 | ||||||
| Net loss: | (67,779) | (58,543) | (56,446) | (62,644) | (190,433) | (131,399) | ||
| Net income attributable to noncontrolling interest | 284 | 120 | ||||||
| Other undisclosed net loss attributable to parent | (118) | (1,719) | (43,812) | |||||
| Net loss available to common stockholders, diluted: | (67,779) | (58,259) | (56,326) | (62,762) | (192,152) | (175,211) | ||
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 loss: | (67,779) | (58,543) | (56,446) | (62,644) | (190,433) | (131,399) | ||
| Other comprehensive income (loss) | (414) | (44) | 51 | 129 | ||||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive loss: | (68,193) | (58,587) | (56,395) | (62,515) | (190,433) | (131,399) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 284 | 119 | ||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (118) | (1,922) | (44,477) | |||||
| Comprehensive loss, net of tax, attributable to parent: | (68,193) | (58,303) | (56,276) | (62,633) | (192,355) | (175,876) | ||
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.