Quotient Limited (QTNT) Financial Statements (2024 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
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:111,700120,80094,80025,50020,80044,100
Cash and cash equivalents45,6733,9234,09620,1654,75444,100
Short-term investments65,999116,87190,7295,66916,057 
Other undisclosed cash, cash equivalents, and short-term investments 286(25)(334)(11) 
Restricted cash and investments    320305317
Receivables5,3235,4023,3482,8622,5562,269
Inventory, net of allowances, customer advances and progress billings22,01120,50115,55116,27813,63612,584
Inventory22,01120,50115,55116,27813,63612,584
Other undisclosed current assets4,8423,7693,2277,0793,3352,463
Total current assets:143,876150,472116,92652,03940,63261,733
Noncurrent Assets
Operating lease, right-of-use asset22,01121,493
Property, plant and equipment38,53040,16547,29360,15663,53057,115
Long-term investments and receivables      
Long-term investments      
Intangible assets, net (including goodwill)619625751914769902
Intangible assets, net (excluding goodwill)619625751914769902
Restricted cash and investments9,0249,0177,507   
Deferred income tax assets255237
Other noncurrent assets4,9564,4544,6885,043  
Other undisclosed noncurrent assets   6055,6895,040 
Total noncurrent assets:75,39575,99160,84471,80269,33958,017
TOTAL ASSETS:219,271226,463177,770123,841109,971119,750
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29,18026,53223,74223,22722,78014,413
Interest and dividends payable8,0098,0566,6284,6124,640225
Taxes payable  293    
Employee-related liabilities11,8337,2106,1495,3123,6413,294
Accounts payable6,3816,5507,2736,71311,7148,197
Accrued liabilities2,9574,4233,6926,5902,7852,697
Debt25,0023,6314715151,3741,152
Deferred rent credit   435
Other undisclosed current liabilities4,6479948013,3095,5745,786
Total current liabilities:58,82931,15725,44927,05129,72821,351
Noncurrent Liabilities
Long-term debt and lease obligation142,185166,031120,86585,42284,17430,723
Long-term debt, excluding current maturities 120,833145,000120,00084,00084,00029,000
Capital lease obligations8651,4221741,723
Finance lease, liability4451,117
Liabilities, other than long-term debt30,19526,77827,8876,1685,3374,502
Deferred rent credit   1,144
Deferred income tax liabilities1,824 
Liability, pension and other postretirement and postemployment benefits6,8966,3537,3686,1685,3374,502
Financial instruments subject to mandatory redemption, settlement terms, share value, amount21,47520,42519,375   
Operating lease, liability20,90719,914
Derivative instruments and hedges, liabilities      
Other undisclosed noncurrent liabilities17,1038,0241,85519,83114,82316,451
Total noncurrent liabilities:189,483200,833150,607111,421104,33451,676
Total liabilities:248,312231,990176,056138,472134,06273,027
Equity
Equity, attributable to parent, including:(29,041)(5,527)1,714(14,631)(24,091)46,723
Common stock540,813459,931368,958   
Additional paid in capital38,11633,13228,66523,70815,885 
Accumulated other comprehensive loss(16,065)(15,155)(14,884)(16,634)(19,292)(12,623)
Accumulated deficit(591,905)(483,435)(381,025)(275,639)(193,301)(108,232)
Other undisclosed equity, attributable to parent    253,934172,617167,578
Total equity:(29,041)(5,527)1,714(14,631)(24,091)46,723
TOTAL LIABILITIES AND EQUITY:219,271226,463177,770123,841109,971119,750

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

3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues43,37932,65629,13424,73222,22718,522
Revenue, net24,73222,22718,522
Cost of revenue(20,074)(17,800)(17,230)(10,471)(10,844)(9,658)
Other undisclosed gross profit      
Gross profit:23,30514,85611,90414,26111,3838,864
Operating expenses(105,813)(95,547)(90,859)(84,249)(85,442)(57,952)
Operating loss:(82,508)(80,691)(78,955)(69,988)(74,059)(49,088)
Nonoperating income (expense)(24,036)(21,421)(26,387)(12,999)(11,010)15,210
Other nonoperating income (expense)1,8822,438(6,369)2,366(1,107)3,504
Interest and debt expense(9,079)(7,043)(5,908)(4,359)(6,774)(1,472)
Loss from continuing operations before equity method investments, income taxes:(115,623)(109,155)(111,250)(87,346)(91,843)(35,350)
Other undisclosed income from continuing operations before income taxes9,0797,0435,9084,3596,7741,472
Loss from continuing operations before income taxes:(106,544)(102,112)(105,342)(82,987)(85,069)(33,878)
Income tax expense (benefit)(1,926)(661)(44)649  
Loss from continuing operations:(108,470)(102,773)(105,386)(82,338)(85,069)(33,878)
Loss before gain (loss) on sale of properties:(108,470)(102,773)(105,386)(82,338)(85,069)(33,878)
Net loss available to common stockholders, diluted:(108,470)(102,773)(105,386)(82,338)(85,069)(33,878)

Comprehensive Income ($ in thousands)

3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net loss:(108,470)(102,773)(105,386)(82,338)(85,069)(33,878)
Other comprehensive income (loss)(910)(271)1,7502,658(6,669)(7,521)
Comprehensive loss, net of tax, attributable to parent:(109,380)(103,044)(103,636)(79,680)(91,738)(41,399)

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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