PROCEPT BioRobotics Corporation (PRCT) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
900 ISLAND DRIVE REDWOOD CITY, CA 94065 |
| 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)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 180,972 | 221,859 | 249,217 | 269,806 | 284,288 | 304,320 | |||
| Cash and cash equivalents | 180,972 | 221,859 | 249,217 | 269,806 | 284,288 | 304,320 | |||
| Restricted cash and investments | 3,815 | 3,815 | 3,814 | 3,814 | 777 | ||||
| Receivables | 20,642 | 15,272 | 12,838 | 10,894 | 6,992 | 4,464 | |||
| Inventory, net of allowances, customer advances and progress billings | 38,926 | 28,543 | 22,358 | 13,777 | 12,629 | 13,147 | |||
| Inventory | 38,926 | 28,543 | 22,358 | 13,777 | 12,629 | 13,147 | |||
| Prepaid expense | 2,848 | 2,984 | |||||||
| Other undisclosed current assets | 1,225 | 3,137 | 705 | 46 | 1,222 | 481 | |||
| Total current assets: | 245,580 | 272,626 | 288,932 | 298,337 | 307,979 | 326,173 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 22,446 | 23,481 | 24,424 | 2,463 | 2,877 | 3,279 | |||
| Property, plant and equipment | 11,934 | 8,656 | 5,120 | 4,397 | 4,560 | 5,045 | |||
| Intangible assets, net (including goodwill), including: | 1,409 | 1,477 | 1,545 | 1,614 | 1,682 | 1,750 | |||
| Intangible assets, net (excluding goodwill) | (1,000) | (1,000) | (900) | (900) | (800) | ||||
| Other undisclosed intangible assets, net (including goodwill) | 1,409 | 2,477 | 2,545 | 2,514 | 2,582 | 2,550 | |||
| Restricted cash and investments | 3,038 | 3,038 | 3,814 | 3,814 | 3,814 | 777 | |||
| Other noncurrent assets | 51 | 51 | 202 | 302 | |||||
| Total noncurrent assets: | 38,878 | 36,703 | 35,105 | 12,590 | 12,933 | 10,851 | |||
| TOTAL ASSETS: | 284,458 | 309,329 | 324,037 | 310,927 | 320,912 | 337,024 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 17,749 | 22,838 | 16,615 | 10,248 | 7,214 | 8,504 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 10,284 | 6,906 | 4,586 | 6,475 | ||
| Accounts payable | 10,341 | 9,391 | 6,331 | 3,342 | 2,628 | 2,029 | |||
| Accrued liabilities | 7,408 | 13,447 | |||||||
| Deferred revenue | 3,943 | 2,855 | 2,342 | 1,863 | 1,368 | 1,025 | |||
| Other liabilities | 7,814 | 7,468 | 5,929 | 4,264 | 3,994 | 4,608 | |||
| Other undisclosed current liabilities | 2,998 | 2,129 | 2,473 | 2,258 | 2,181 | 2,105 | |||
| Total current liabilities: | 32,504 | 35,290 | 27,359 | 18,633 | 14,757 | 16,242 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 51,241 | 51,213 | 74,107 | 51,336 | 51,672 | 51,995 | |||
| Long-term debt, excluding current maturities | 51,241 | 51,213 | 50,692 | 50,507 | 50,254 | 50,004 | |||
| Liabilities, other than long-term debt | 27,587 | 25,754 | 1,809 | 1,770 | 1,733 | 1,696 | |||
| Deferred revenue | |||||||||
| Other liabilities | 200 | 200 | 200 | 200 | |||||
| Operating lease, liability | 25,782 | 23,975 | 23,415 | 829 | 1,418 | 1,991 | |||
| Derivative instruments and hedges, liabilities | 1,805 | 1,779 | 1,609 | 1,570 | 1,533 | 1,496 | |||
| Total noncurrent liabilities: | 78,828 | 76,967 | 75,916 | 53,106 | 53,405 | 53,691 | |||
| Total liabilities: | 111,332 | 112,257 | 103,275 | 71,739 | 68,162 | 69,933 | |||
| Equity | |||||||||
| Equity, attributable to parent | 173,126 | 197,072 | 220,762 | 239,188 | 252,750 | 267,091 | |||
| Additional paid in capital | 550,270 | 545,753 | 541,048 | 537,046 | 531,509 | 528,666 | |||
| Accumulated other comprehensive income (loss) | 15 | (6) | 217 | 32 | (53) | (54) | |||
| Accumulated deficit | (377,159) | (348,675) | (320,503) | (297,890) | (278,706) | (261,521) | |||
| Total equity: | 173,126 | 197,072 | 220,762 | 239,188 | 252,750 | 267,091 | |||
| TOTAL LIABILITIES AND EQUITY: | 284,458 | 309,329 | 324,037 | 310,927 | 320,912 | 337,024 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 24,404 | 23,777 | 20,349 | 16,691 | 14,197 | 10,138 | ||
| Cost of revenue | (11,913) | (13,101) | (10,118) | (8,205) | (6,505) | (5,622) | ||
| Gross profit: | 12,491 | 10,676 | 10,231 | 8,486 | 7,692 | 4,516 | ||
| Operating expenses | (40,868) | (35,716) | (32,336) | (26,361) | (23,396) | (21,347) | ||
| Operating loss: | (28,377) | (25,040) | (22,105) | (17,875) | (15,704) | (16,831) | ||
| Nonoperating expense | (60) | (63) | ||||||
| Other nonoperating expense | (59) | (67) | ||||||
| Interest and debt expense | (886) | (4,124) | (1,455) | (1,441) | (1,421) | (1,440) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2,011 | |||||||
| Loss from continuing operations: | (29,263) | (27,153) | (23,560) | (19,316) | (17,185) | (18,334) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (23,560) | (19,316) | (17,185) | (18,334) | |
| Net loss: | (29,263) | (27,153) | (23,560) | (19,316) | (17,185) | (18,334) | ||
| Other undisclosed net income (loss) attributable to parent | 779 | (1,019) | 947 | 132 | (14) | |||
| Net loss available to common stockholders, diluted: | (28,484) | (28,172) | (22,613) | (19,184) | (17,185) | (18,348) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (29,263) | (27,153) | (23,560) | (19,316) | (17,185) | (18,334) | ||
| Comprehensive loss: | (29,263) | (27,153) | (23,560) | (19,316) | (17,185) | (18,334) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 800 | (1,242) | 1,132 | 217 | 1 | (27) | ||
| Comprehensive loss, net of tax, attributable to parent: | (28,463) | (28,395) | (22,428) | (19,099) | (17,184) | (18,361) | ||
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.