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
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,29513,84529,34444,67751,28768,360
Cash and cash equivalents16,29513,84529,34444,67751,28768,360
Receivables17,01521,38622,82224,37124,81336,515
Inventory, net of allowances, customer advances and progress billings17,71022,73725,33422,98026,20427,442
Inventory17,71022,73725,33422,98026,20427,442
Prepaid expense9411,2101,6552,9522,5532,956
Other undisclosed current assets4,7507,4717,6476,326815806
Total current assets:56,71166,64986,802101,306105,672136,079
Noncurrent Assets
Inventory, Noncurrent5,94715,58211,73412,22510,2129,591
Property, plant and equipment2,0571,7821,3219009451,028
Other noncurrent assets5,5274,0305,8407,1146,97010,045
Total noncurrent assets:13,53121,39418,89520,23918,12720,664
TOTAL ASSETS:70,24288,043105,697121,545123,799156,743
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20,90024,90033,73628,34628,45736,830
Taxes payable604434444484504
Employee-related liabilities5,531  
Accounts payable7,70513,06210,55712,08910,2049,482
Accrued liabilities13,14611,83517,21415,81317,76926,844
Other undisclosed accounts payable and accrued liabilities49(601)    
Business combination, contingent consideration, liability  9,1899,042 25,58518,406
Other undisclosed current liabilities247601(5,531)   
Total current liabilities:21,14734,69037,24728,34654,04255,236
Noncurrent Liabilities
Long-term debt and lease obligation:  8068438929471,018
Liabilities, other than long-term debt18,91713,90813,66213,41013,15837,909
Due to related parties10,19210,13910,08710,0349,982 
Other liabilities7,5833,7693,5753,3763,1763,353
Operating lease, liability1,1428068438929471,018
Business combination, contingent consideration, liability      34,556
Other undisclosed noncurrent liabilities45,90116,25323,10443,21137,40915,469
Total noncurrent liabilities:64,81830,96737,60957,51351,51454,396
Total liabilities:85,96565,65774,85685,859105,556109,632
Temporary equity, carrying amount10,00610,00610,00610,00610,006 
Equity
Equity, attributable to parent(25,729)12,38020,83525,6808,23747,111
Common stock777199147139
Treasury stock, value(5,923)(5,915)(5,908)(5,857)(5,852)(5,814)
Additional paid in capital607,245605,457604,252602,853585,375579,054
Accumulated other comprehensive loss(2,840)(2,062)(2,242)(1,929)(1,820)(2,018)
Accumulated deficit(624,218)(585,107)(575,274)(569,586)(569,613)(524,250)
Total equity:(25,729)12,38020,83525,6808,23747,111
TOTAL LIABILITIES AND EQUITY:70,24288,043105,697121,545123,799156,743

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

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Revenues20,57320,17820,62320,60521,83020,545
Cost of revenue
(Cost of Goods and Services Sold)
(23,381)(5,486)(6,414)(6,410)(9,497)(6,811)
Gross profit:(2,808)14,69214,20914,19512,33313,734
Operating expenses(45,347)(23,585)(27,599)(23,116)(104,965)(34,610)
Other operating income, net  898   3,932
Other undisclosed operating income      
Operating loss:(48,155)(7,995)(13,390)(8,921)(92,632)(16,944)
Nonoperating income (expense)7,709(1,800)7,7949,1103,9297,385
Gain (loss), foreign currency transaction, before tax1,699(1,268)(1,056)(353)(526)(471)
Other nonoperating income (expense)353(330)(22)(28)(19)117
Interest and debt expense(253)(252)(252)(252)  
Income (loss) from continuing operations before equity method investments, income taxes:(40,699)(10,047)(5,848)(63)(88,703)(9,559)
Other undisclosed income from continuing operations before income taxes253252252252  
Income (loss) from continuing operations before income taxes:(40,446)(9,795)(5,596)189(88,703)(9,559)
Income tax expense (benefit)1,335(38)(92)(162)(118)1,304
Income (loss) from continuing operations:(39,111)(9,833)(5,688)27(88,821)(8,255)
Income (loss) before gain (loss) on sale of properties:(9,833)(5,688)27(87,259)(7,906)
Income from discontinued operations     1,562349
Net income (loss):(39,111)(9,833)(5,688)27(87,259)(7,906)
Other undisclosed net income attributable to parent     41,897 
Net income (loss) available to common stockholders, diluted:(39,111)(9,833)(5,688)27(45,362)(7,906)

Comprehensive Income ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Net income (loss):(39,111)(9,833)(5,688)27(87,259)(7,906)
Comprehensive income (loss):(39,111)(9,833)(5,688)27(87,259)(7,906)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent778(180)31310942,095362
Comprehensive income (loss), net of tax, attributable to parent:(38,333)(10,013)(5,375)136(45,164)(7,544)

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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