Tearlab Corp (TEAR) Financial Statements (2024 and earlier)

Company Profile

Business Address 9980 HUENNEKENS ST.
SAN DIEGO, CA 92121
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2020
MRQ
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 7,1088,4737,27215,47113,83816,338
Cash and cash equivalents 7,1088,4737,27215,47113,83816,338
Receivables 9171,1861,5362,2793,0214,960
Inventory, net of allowances, customer advances and progress billings 2,2691,9871,9983,1933,9722,986
Inventory 2,2691,9871,9983,1933,9722,986
Prepaid expense 508420365392233884
Other current assets 21 38296
Other undisclosed current assets 1,052269325796528(2,480)
Total current assets: 11,85612,33611,49622,16921,62122,694
Noncurrent Assets
Operating lease, right-of-use asset 645
Property, plant and equipment 1,6702,0242,7394,1785,3524,504
Intangible assets, net (including goodwill) 2210341,1453,596
Intangible assets, net (excluding goodwill) 2210341,1453,596
Other noncurrent assets 120151100220181157
Other undisclosed noncurrent assets    265280
Total noncurrent assets: 2,4372,1772,8494,4586,7308,337
TOTAL ASSETS: 14,29314,51314,34526,62728,35131,031
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 2,9353,0444,5795,8167,3397,777
Taxes payable      221
Employee-related liabilities      1,589
Accounts payable 5996811,7201,8582,2922,202
Accrued liabilities 2,3362,3632,8593,9585,0473,765
Debt 36,818     
Deferred rent credit 213
Derivative instruments and hedges, liabilities     29256
Deferred revenue and credits4283114174
Other undisclosed current liabilities      (1,810)
Total current liabilities: 39,7553,0574,6215,8997,4826,397
Noncurrent Liabilities
Long-term debt and lease obligation 42932,01428,29026,44924,859 
Long-term debt, excluding current maturities  32,01428,29026,44924,859 
Liabilities, other than long-term debt 130111    
Due to related parties 130111    
Operating lease, liability 429
Total noncurrent liabilities: 55932,12528,29026,44924,859 
Total liabilities: 40,31435,18232,91132,34832,3416,397
Equity
Equity, attributable to parent, including: (26,021)(20,669)(18,566)(5,721)(4,240)24,384
Common stock 13118543434
Additional paid in capital 510,442510,380510,235506,933488,514483,909
Accumulated deficit (536,476)(531,060)(528,809)(512,708)(492,788)(459,559)
Warrants and rights outstanding      256
Other undisclosed equity, attributable to parent      (256)
Other undisclosed equity     250 
Total equity: (26,021)(20,669)(18,566)(5,721)(3,990)24,384
Other undisclosed liabilities and equity      250
TOTAL LIABILITIES AND EQUITY: 14,29314,51314,34526,62728,35131,031

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

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 22,65524,99927,11928,01425,15619,718
Revenue, net24,23723,80920,32516,086
Cost of revenue
(Cost of Goods and Services Sold)
   (13,114)(12,318)(15,416)(11,205)
Other undisclosed gross profit (8,356)(9,456)  2,859 
Gross profit: 14,29915,54314,00515,69612,5998,513
Operating expenses (14,024)(13,081)(25,793)(31,672)(44,108)(44,722)
Other undisclosed operating income      11,205
Operating income (loss): 2752,462(11,788)(15,976)(31,509)(25,004)
Nonoperating income (expense) (5,691)(4,713)(4,313)(3,944)(1,720)1,282
Investment income, nonoperating    282271,203
Interest and debt expense (5,703)(3,793)(1,675)(1,517)  
Other undisclosed income from continuing operations before equity method investments, income taxes 5,7033,7931,6751,517  
Loss from continuing operations before equity method investments, income taxes: (5,416)(2,251)(16,101)(19,920)(33,229)(23,722)
Other undisclosed income from continuing operations before income taxes 10,8324,50232,20239,84066,45847,444
Income from continuing operations: 5,4162,25116,10119,92033,22923,722
Income before gain (loss) on sale of properties: 5,4162,25116,10119,92033,22923,722
Net income: 5,4162,25116,10119,92033,22923,722
Other undisclosed net loss attributable to parent (10,832)(4,502)(32,202)(39,840)(66,458)(47,444)
Net loss available to common stockholders, diluted: (5,416)(2,251)(16,101)(19,920)(33,229)(23,722)

Comprehensive Income ($ in thousands)

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 5,4162,25116,10119,92033,22923,722
Comprehensive income, net of tax, attributable to parent: 5,4162,25116,10119,92033,22923,722

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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