OptimizeRx Corporation (OPRX) Financial Statements (2024 and earlier)

Company Profile

Business Address 260 CHARLES STREET
WALTHAM, MA 02453
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (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 investments74,14184,68210,51718,8538,9145,123
Cash and cash equivalents 18,20984,68210,51718,8538,9145,123
Short-term investments55,932     
Receivables22,15524,80117,8867,4186,4583,431
Prepaid expense2,2815,6314,457871591255
Other undisclosed current assets      
Total current assets:98,577115,11332,85927,14215,9638,809
Noncurrent Assets
Operating lease, right-of-use asset235329446560
Property, plant and equipment137144149176149167
Long-term investments and receivables      
Long-term investments      
Intangible assets, net (including goodwill)26,05425,38726,86122,4428,938639
Goodwill22,67414,74014,74014,7403,679 
Intangible assets, net (excluding goodwill)3,38010,64712,1217,7025,259639
Deferred costs      
Other undisclosed noncurrent assets9,64813136,3195149
Total noncurrent assets:36,07525,87227,46929,4979,092955
TOTAL ASSETS:134,651140,98560,32856,63925,0559,764
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1513,5103,0392,2941,7121,411
Accounts payable1,550607618493411457
Accrued liabilities2,6012,9032,4201,8011,301954
Deferred revenue1641,390286580
Debt    115  
Derivative instruments and hedges, liabilities   286   
Business combination, contingent consideration, liability   1,611 2,365 
Deferred revenue and credits507
Other undisclosed current liabilities4,0804,4694,8073,1181541,625
Total current liabilities:8,3969,36910,0286,1084,2313,543
Noncurrent Liabilities
Long-term debt and lease obligation:  237326449  
Liabilities, other than long-term debt145     
Operating lease, liability145237326449
Other undisclosed noncurrent liabilities  (237)(326)5,2202,365 
Total noncurrent liabilities:1452373265,6692,365 
Total liabilities:8,5409,60510,35411,7766,5963,543
Equity
Equity, attributable to parent126,111131,38049,97444,86218,4586,221
Common stock181815151229
Treasury stock, value(1)     
Additional paid in capital172,786166,61685,59078,27248,72535,268
Accumulated deficit(46,692)(35,254)(35,632)(33,425)(30,279)(30,363)
Warrants and rights outstanding      1,286
Total equity:126,111131,38049,97444,86218,4586,221
TOTAL LIABILITIES AND EQUITY:134,651140,98560,32856,63925,0559,764

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
Revenues62,45061,29343,31324,59821,20612,127
Revenue, net8,431
Cost of revenue(23,483)(25,654)(19,208)(9,159)  
Other undisclosed gross profit     (9,000)(6,175)
Gross profit:38,96735,63824,10515,44012,2075,953
Operating expenses(51,258)(35,277)(26,241)(19,133)(12,027)(8,083)
Operating income (loss):(12,291)361(2,135)(3,694)180(2,130)
Nonoperating income (expense)85217(72)(347)4626
Investment income, nonoperating     4626
Other nonoperating income (expense)85217(72)(347)  
Income (loss) from continuing operations before income taxes:(11,438)378(2,207)(4,041)226(2,104)
Income tax expense (benefit)  79(463)898  
Income (loss) from continuing operations:(11,438)457(2,670)(3,143)226(2,104)
Income (loss) before gain (loss) on sale of properties:457(2,670)(3,143)226(2,104)
Other undisclosed net income (loss)  (79)463   
Net income (loss) available to common stockholders, diluted:(11,438)378(2,207)(3,143)226(2,104)

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):(11,438)378(2,207)(3,143)226(2,104)
Comprehensive income (loss), net of tax, attributable to parent:(11,438)378(2,207)(3,143)226(2,104)

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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