SomaLogic, Inc. (SLGC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
C/O SOMALOGIC, INC. BOULDER, CO 80301 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8731 - Commercial Physical and Biological Research (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 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 539,588 | 657,706 | |||
| Cash and cash equivalents | 421,830 | 439,488 | |||
| Short-term investments | 117,758 | 218,218 | |||
| Restricted cash and investments | 4,658 | ||||
| Receivables | 17,006 | 17,074 | |||
| Inventory, net of allowances, customer advances and progress billings | 13,897 | 11,213 | |||
| Inventory | 13,897 | 11,213 | |||
| Deferred costs | 1,337 | 462 | |||
| Other undisclosed current assets | 5,215 | 5,097 | |||
| Total current assets: | 581,701 | 691,552 | |||
| Noncurrent Assets | |||||
| Inventory, Noncurrent | 4,643 | 4,085 | |||
| Property, plant and equipment | 19,564 | 9,557 | |||
| Long-term investments and receivables | 9,284 | ||||
| Accounts and financing receivable, after allowance for credit loss | 9,284 | ||||
| Intangible assets, net (including goodwill) | 27,099 | ||||
| Goodwill | 10,399 | ||||
| Intangible assets, net (excluding goodwill) | 16,700 | ||||
| Other noncurrent assets | 5,083 | 908 | |||
| Total noncurrent assets: | 65,673 | 14,550 | |||
| TOTAL ASSETS: | 647,374 | 706,102 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 31,322 | 25,400 | |||
| Employee-related liabilities | ✕ | ✕ | 9,832 | ||
| Accounts payable | 16,794 | 15,089 | |||
| Accrued liabilities | 14,528 | 479 | |||
| Deferred revenue | 3,383 | 3,021 | |||
| Deferred rent credit | 66 | ||||
| Restructuring reserve | 2,223 | ||||
| Other liabilities | 2,477 | ||||
| Due to related parties | ✕ | 400 | |||
| Other undisclosed current liabilities | 3,927 | 398 | |||
| Total current liabilities: | 43,332 | 29,285 | |||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 39,334 | 29,612 | |||
| Deferred revenue | 31,732 | 2,364 | |||
| Other liabilities | 5,524 | 363 | |||
| Operating lease, liability | 2,063 | ||||
| Business combination, contingent consideration, liability | 15 | 26,885 | |||
| Other undisclosed noncurrent liabilities | 2,150 | 35,181 | |||
| Total noncurrent liabilities: | 41,484 | 64,793 | |||
| Total liabilities: | 84,816 | 94,078 | |||
| Equity | |||||
| Equity, attributable to parent | 562,558 | 612,024 | |||
| Common stock | 19 | 18 | |||
| Additional paid in capital | 1,171,122 | 1,110,991 | |||
| Accumulated other comprehensive loss | (513) | (72) | |||
| Accumulated deficit | (608,070) | (498,913) | |||
| Total equity: | 562,558 | 612,024 | |||
| TOTAL LIABILITIES AND EQUITY: | 647,374 | 706,102 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Revenues | 97,666 | 81,626 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (490) | (703) | ||
| Gross profit: | 97,176 | 80,923 | ||
| Operating expenses | (273,427) | (154,930) | ||
| Other undisclosed operating income | 490 | 703 | ||
| Operating loss: | (175,761) | (73,304) | ||
| Nonoperating income (expense) | 65,887 | (14,243) | ||
| Interest and debt expense | (4,323) | |||
| Loss from continuing operations before income taxes: | (109,874) | (91,870) | ||
| Income tax expense (benefit) | 717 | |||
| Loss from continuing operations: | (109,157) | (91,870) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (91,870) | |
| Net loss: | (109,157) | (91,870) | ||
| Other undisclosed net income attributable to parent | 4,323 | |||
| Net loss available to common stockholders, diluted: | (109,157) | (87,547) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Net loss: | (109,157) | (91,870) | ||
| Comprehensive loss: | (109,157) | (91,870) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (441) | 4,253 | ||
| Comprehensive loss, net of tax, attributable to parent: | (109,598) | (87,617) | ||
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.