Quotient Limited (QTNT) Financial Statements (2023 and earlier)

Company Profile

Business Address 28 ESPLANADE
SAINT HELIER, JE2 3QA
State of Incorp.
Fiscal Year End March 31
Industry (SIC) 2835 - In Vitro and In Vivo Diagnostic Substances (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2022
12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:67,685103,800111,700120,80094,80025,500
Cash and cash equivalents65,05985,06045,6733,9234,09620,165
Short-term investments2,62618,71965,999116,87190,7295,669
Other undisclosed cash, cash equivalents, and short-term investments 21286(25)(334)
Restricted cash and investments     320
Receivables6,2726,1465,3235,4023,3482,862
Inventory, net of allowances, customer advances and progress billings22,03622,75922,01120,50115,55116,278
Inventory22,03622,75922,01120,50115,55116,278
Other undisclosed current assets5,7616,7504,8423,7693,2277,079
Total current assets:101,754139,455143,876150,472116,92652,039
Noncurrent Assets
Operating lease, right-of-use asset29,41120,40522,01121,493
Property, plant and equipment33,24234,95039,07140,16547,29360,156
Long-term investments and receivables15,467     
Long-term investments15,467     
Intangible assets, net (including goodwill)520553619625751914
Intangible assets, net (excluding goodwill)520553619625751914
Restricted cash and investments8,7448,3099,0249,0177,507 
Deferred income tax assets123240255237
Other noncurrent assets4,7284,8644,9564,4544,6885,043
Other undisclosed noncurrent assets    6055,689
Total noncurrent assets:92,23569,32175,93675,99160,84471,802
TOTAL ASSETS:193,989208,776219,812226,463177,770123,841
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28,56320,33229,81026,53223,74223,227
Accounts payable5,8285,6136,3816,5507,2736,713
Accrued liabilities4,9973,5323,0774,4233,6926,590
Employee-related liabilities8,5037,15512,3437,2106,1495,312
Taxes payable   293  
Interest and dividends payable9,2354,0328,0098,0566,6284,612
Debt53761725,0023,631471515
Deferred rent credit    435
Other undisclosed current liabilities3,7283,2264,6479948013,309
Total current liabilities:32,82824,17559,45931,15725,44927,051
Noncurrent Liabilities
Long-term debt and lease obligation29,14120,50121,352166,031120,86585,422
Long-term debt, excluding current maturities   145,000120,00084,000
Finance lease, liability3884084451,117
Capital lease obligations8651,422
Operating lease, liability28,75320,09320,90719,914
Liabilities, other than long-term debt42,80561,04029,52326,77827,8876,168
Deferred rent credit    1,144
Deferred income tax liabilities1,9882,2161,152 
Liability, pension and other postretirement and postemployment benefits4,7777,5776,8966,3537,3686,168
Financial instruments subject to mandatory redemption, settlement terms, share value, amount22,52522,26321,47520,42519,375 
Derivative instruments and hedges, liabilities13,51528,984    
Other undisclosed noncurrent liabilities233,313228,670145,0598,0241,85519,831
Total noncurrent liabilities:305,259310,211195,934200,833150,607111,421
Total liabilities:338,087334,386255,393231,990176,056138,472
Stockholders' equity
Stockholders' equity attributable to parent, including:(144,098)(125,610)(35,581)(5,527)1,714(14,631)
Common stock540,736540,732540,813459,931368,958 
Additional paid in capital46,39945,11738,11633,13228,66523,708
Accumulated other comprehensive loss(6,191)(12,329)(14,598)(15,155)(14,884)(16,634)
Accumulated deficit(725,042)(699,130)(599,912)(483,435)(381,025)(275,639)
Other undisclosed stockholders' equity attributable to parent     253,934
Total stockholders' equity:(144,098)(125,610)(35,581)(5,527)1,714(14,631)
TOTAL LIABILITIES AND EQUITY:193,989208,776219,812226,463177,770123,841

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

3/31/2022
12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues38,51437,81743,37932,65629,13424,732
Revenue, net24,732
Cost of revenue(23,569)(22,870)(20,074)(17,800)(17,230)(10,471)
Other undisclosed gross profit(1)     
Gross profit:14,94414,94723,30514,85611,90414,261
Operating expenses(118,771)(113,887)(106,002)(95,547)(90,859)(84,249)
Operating loss:(103,827)(98,940)(82,697)(80,691)(78,955)(69,988)
Nonoperating expense(20,342)(23,659)(27,081)(21,421)(26,387)(12,999)
Other nonoperating income (expense)11,612(1,114)2,7232,438(6,369)2,366
Interest and debt expense(147) (12,965)(7,043)(5,908)(4,359)
Loss from continuing operations before equity method investments, income taxes:(124,316)(122,599)(122,743)(109,155)(111,250)(87,346)
Other undisclosed income from continuing operations before income taxes147 12,9657,0435,9084,359
Loss from continuing operations before income taxes:(124,169)(122,599)(109,778)(102,112)(105,342)(82,987)
Income tax expense (benefit)(961)(1,017)(1,254)(661)(44)649
Net loss available to common stockholders, basic:(125,130)(123,616)(111,032)(102,773)(105,386)(82,338)
Other undisclosed net loss available to common stockholders, diluted (6,753)    
Net loss available to common stockholders, diluted:(125,130)(130,369)(111,032)(102,773)(105,386)(82,338)

Comprehensive Income ($ in thousands)

3/31/2022
12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Net loss:(125,130)(123,616)(111,032)(102,773)(105,386)(82,338)
Other comprehensive income (loss)8,4072,268(1,926)(271)1,7502,658
Comprehensive loss, net of tax, attributable to parent:(116,723)(121,348)(112,958)(103,044)(103,636)(79,680)

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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