Surgalign Holdings, Inc. (SRGA) Financial Statements (2024 and earlier)

Company Profile

Business Address 520 LAKE COOK ROAD, SUITE 315
DEERFIELD, IL 60015
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,29551,28743,9625,60810,949
Cash and cash equivalents16,29551,28743,9625,60810,949
Receivables17,01524,81331,93162,09152,016
Inventory, net of allowances, customer advances and progress billings17,71026,20422,841124,149107,655
Inventory17,71026,20422,841124,149107,655
Prepaid expense9412,5531,5431,8652,013
Other current assets   1102,1012,480
Other undisclosed current assets4,7508153,795  
Total current assets:56,711105,672104,182195,814175,113
Noncurrent Assets
Inventory, Noncurrent5,94710,2127,8566,637 
Property, plant and equipment2,05794552169,89077,954
Intangible assets, net (including goodwill)    65,87685,355
Goodwill    55,38459,798
Intangible assets, net (excluding goodwill)    10,49225,557
Other noncurrent assets5,5276,97010,1456,2924,003
Other undisclosed noncurrent assets     17,760
Total noncurrent assets:13,53118,12718,522148,695185,072
TOTAL ASSETS:70,242123,799122,704344,509360,185
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20,90028,45746,82363,46352,084
Taxes payable48411,761  
Accounts payable7,70510,20413,41830,12626,219
Accrued liabilities13,14617,76921,64433,33725,865
Other undisclosed accounts payable and accrued liabilities49    
Deferred revenue    2,748
Debt    174,177 
Business combination, contingent consideration, liability  25,585   
Other undisclosed current liabilities247   4,908
Total current liabilities:21,14754,04246,823240,38856,992
Noncurrent Liabilities
Long-term debt and lease obligation, including:  947  49,073
Other undisclosed long-term debt and lease obligation     49,073
Liabilities, other than long-term debt18,91713,1584,1922,017633
Due to related parties10,1929,982   
Other liabilities7,5833,1764,1922,017633
Operating lease, liability1,142947  
Other undisclosed noncurrent liabilities45,90137,40947,5191,1305,730
Total noncurrent liabilities:64,81851,51451,7113,14755,436
Total liabilities:85,965105,55698,534243,535112,428
Temporary equity, carrying amount10,00610,006   
Equity
Equity, attributable to parent(25,729)8,23724,17034,564181,531
Common stock7147817564
Treasury stock, value(5,923)(5,852)(5,656)(5,141)(4,869)
Additional paid in capital607,245585,375517,123498,438433,143
Accumulated other comprehensive loss(2,840)(1,820)(2,416)(7,629)(7,270)
Accumulated deficit(624,218)(569,613)(484,962)(451,179)(239,537)
Other undisclosed equity    66,41066,226
Total equity:(25,729)8,23724,170100,974247,757
TOTAL LIABILITIES AND EQUITY:70,242123,799122,704344,509360,185

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

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues81,97990,500101,749308,384280,362
Cost of revenue
(Cost of Goods and Services Sold)
(41,691)(29,775)(44,002)(137,259)(140,719)
Gross profit:40,28860,72557,747171,125139,643
Operating expenses(119,648)(201,940)(255,768)(352,981)(143,955)
Other operating income, net8983,932   
Other undisclosed operating income     
Operating loss:(78,462)(137,283)(198,021)(181,856)(4,312)
Nonoperating income (expense)22,81413,491340(12,549)(3,079)
Investment income, nonoperating   9216135
Gain (loss), foreign currency transaction, before tax(978)(1,447)279(139)(34)
Interest and debt expense(1,009) (2,686)(12,571)(309)
Loss from continuing operations before equity method investments, income taxes:(56,657)(123,792)(200,367)(206,976)(7,700)
Other undisclosed income from continuing operations before income taxes1,009 2,68612,571309
Loss from continuing operations before income taxes:(55,648)(123,792)(197,681)(194,405)(7,391)
Income tax expense (benefit)1,0438863,486(17,237)4,268
Loss from continuing operations:(54,605)(122,906)(194,195)(211,642)(3,123)
Loss before gain (loss) on sale of properties:(126,548)(33,783)(211,642)(3,123)
Income (loss) from discontinued operations  (3,642)160,412  
Other undisclosed net income    423,284 
Net income (loss):(54,605)(126,548)(33,783)211,642(3,123)
Net income attributable to noncontrolling interest  41,897   
Other undisclosed net loss attributable to parent    (423,284) 
Net loss attributable to parent:(54,605)(84,651)(33,783)(211,642)(3,123)
Preferred stock dividends and other adjustments     (2,120)
Net loss available to common stockholders, diluted:(54,605)(84,651)(33,783)(211,642)(5,243)

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(54,605)(126,548)(33,783)211,642(3,123)
Comprehensive income (loss):(54,605)(126,548)(33,783)211,642(3,123)
Comprehensive income, net of tax, attributable to noncontrolling interest  41,897   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,02059623(423,635)(3,061)
Comprehensive loss, net of tax, attributable to parent:(53,585)(84,055)(33,760)(211,993)(6,184)

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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