Tearlab Corp (TEAR) Financial Statements (2023 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)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,1088,4737,27215,47113,83816,33837,778
Cash and cash equivalents7,1088,4737,27215,47113,83816,33837,778
Receivables9171,1861,5362,2793,0214,9603,524
Inventory, net of allowances, customer advances and progress billings2,2691,9871,9983,1933,9722,986885
Inventory2,2691,9871,9983,1933,9722,986885
Prepaid expense508420365392233884689
Other current assets21 3829610
Other undisclosed current assets1,052269325796528(2,480) 
Total current assets:11,85612,33611,49622,16921,62122,69442,886
Noncurrent Assets
Operating lease, right-of-use asset645✕✕✕✕✕✕
Property, plant and equipment1,6702,0242,7394,1785,3524,5043,429
Intangible assets, net (including goodwill)2210341,1453,5963,494
Intangible assets, net (excluding goodwill)2210341,1453,5963,494
Other noncurrent assets12015110022018115740
Other undisclosed noncurrent assets   265280108
Total noncurrent assets:2,4372,1772,8494,4586,7308,3377,071
TOTAL ASSETS:14,29314,51314,34526,62728,35131,03149,957
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9353,0444,5795,8167,3397,7776,505
Accounts payable5996811,7201,8582,2922,202631
Accrued liabilities2,3362,3632,8593,9585,0473,7653,844
Employee-related liabilities     1,5891,503
Taxes payable     221527
Debt36,818      
Deferred rent credit213✕✕✕✕✕
Derivative instruments and hedges, liabilities    292564,047
Deferred revenue and credits✕✕428311417467
Other undisclosed current liabilities     (1,810)(2,030)
Total current liabilities:39,7553,0574,6215,8997,4826,3978,589
Noncurrent Liabilities
Long-term debt and lease obligation42932,01428,29026,44924,859  
Long-term debt, excluding current maturities 32,01428,29026,44924,859  
Operating lease, liability429✕✕✕✕✕✕
Liabilities, other than long-term debt130111     
Due to related parties130111     
Total noncurrent liabilities:55932,12528,29026,44924,859  
Total liabilities:40,31435,18232,91132,34832,3416,3978,589
Stockholders' equity
Stockholders' equity attributable to parent, including:(26,021)(20,669)(18,566)(5,721)(4,240)24,38441,368
Common stock1311854343433
Additional paid in capital510,442510,380510,235506,933488,514483,909477,172
Accumulated deficit(536,476)(531,060)(528,809)(512,708)(492,788)(459,559)(435,837)
Warrants and rights outstanding     256 
Other undisclosed stockholders' equity attributable to parent     (256) 
Other undisclosed stockholders' equity    250  
Total stockholders' equity:(26,021)(20,669)(18,566)(5,721)(3,990)24,38441,368
Other undisclosed liabilities and equity     250 
TOTAL LIABILITIES AND EQUITY:14,29314,51314,34526,62728,35131,03149,957

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues22,65524,99927,11928,01425,15619,71814,645
Revenue, net✕✕24,23723,80920,32516,086 
Cost of revenue
(Cost of Goods and Services Sold)		  (13,114)(12,318)(15,416)(11,205)(9,058)
Other undisclosed gross profit(8,356)(9,456)  2,859 912
Gross profit:14,29915,54314,00515,69612,5998,5136,499
Operating expenses(14,024)(13,081)(25,793)(31,672)(44,108)(44,722)(24,273)
Other undisclosed operating income     11,205 
Operating income (loss):2752,462(11,788)(15,976)(31,509)(25,004)(17,774)
Nonoperating income (expense)(5,691)(4,713)(4,313)(3,944)(1,720)1,282(11,216)
Investment income, nonoperating   282271,203(11,070)
Interest and debt expense(5,703)(3,793)(1,675)(1,517)   
Other undisclosed income from continuing operations before equity method investments, income taxes5,7033,7931,6751,517   
Loss from continuing operations before equity method investments, income taxes:(5,416)(2,251)(16,101)(19,920)(33,229)(23,722)(28,990)
Other undisclosed income from continuing operations before income taxes10,8324,50232,20239,84066,45847,444 
Net income (loss):5,4162,25116,10119,92033,22923,722(28,990)
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)(28,990)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):5,4162,25116,10119,92033,22923,722(28,990)
Comprehensive income (loss), net of tax, attributable to parent:5,4162,25116,10119,92033,22923,722(28,990)

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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