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
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,1089,3549,1738,8608,4738,240
Cash and cash equivalents7,1089,3549,1738,8608,4738,240
Receivables9179781,1231,0981,1861,319
Inventory, net of allowances, customer advances and progress billings2,2692,9022,8322,2071,9871,752
Inventory2,2692,9022,8322,2071,9871,752
Prepaid expense508133132281420153
Other current assets21211 
Other undisclosed current assets1,052217222350269245
Total current assets:11,85613,58513,48412,79712,33611,709
Noncurrent Assets
Operating lease, right-of-use asset645678677738
Property, plant and equipment1,6701,5341,6261,7972,0241,894
Intangible assets, net (including goodwill)222223
Intangible assets, net (excluding goodwill)222223
Other noncurrent assets120120150150151150
Total noncurrent assets:2,4372,3342,4552,6872,1772,047
TOTAL ASSETS:14,29315,91915,93915,48414,51313,756
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9353,7593,5093,2393,0443,182
Accounts payable5991,4231,4251,3196811,053
Accrued liabilities2,3362,3362,0841,9202,3632,129
Debt36,81825,77116,6688,202 11,221
Deferred rent credit23471317
Other undisclosed current liabilities      
Total current liabilities:39,75529,53320,18111,4483,05714,420
Noncurrent Liabilities
Long-term debt and lease obligation42911,13618,77125,89932,01419,526
Long-term debt, excluding current maturities  10,66818,27825,38132,01419,526
Liabilities, other than long-term debt130124119113111 
Due to related parties130124119113111 
Operating lease, liability429468493518
Total noncurrent liabilities:55911,26018,89026,01232,12519,526
Total liabilities:40,31440,79339,07137,46035,18233,946
Equity
Equity, attributable to parent(26,021)(24,874)(23,132)(21,976)(20,669)(20,190)
Common stock131312121111
Additional paid in capital510,442510,436510,429510,411510,380510,346
Accumulated deficit(536,476)(535,323)(533,573)(532,399)(531,060)(530,547)
Total equity:(26,021)(24,874)(23,132)(21,976)(20,669)(20,190)
TOTAL LIABILITIES AND EQUITY:14,29315,91915,93915,48414,51313,756

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

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues5,4935,6285,8515,6835,9886,152
Cost of revenue
(Cost of Goods and Services Sold)
      (2,161)
Other undisclosed gross profit(2,023)(2,089)(2,162)(2,083)(2,330)(222)
Gross profit:3,4703,5393,6893,6003,6583,769
Operating expenses(3,132)(3,841)(3,457)(3,593)(2,909)(2,771)
Operating income (loss):338(302)2327749998
Nonoperating expense(1,490)(1,448)(1,406)(1,346)(1,261)(1,193)
Interest and debt expense(1,493)(1,455) (1,007)(994) 
Other undisclosed income from continuing operations before equity method investments, income taxes 5,703   3,793 
Income (loss) from continuing operations before equity method investments, income taxes:3,058(3,205)(1,174)(2,346)2,287(195)
Other undisclosed income from continuing operations before income taxes 10,832   4,502 
Income (loss) from continuing operations:13,890(3,205)(1,174)(2,346)6,789(195)
Income (loss) before gain (loss) on sale of properties:13,890(3,205)(1,174)(2,346)6,789(195)
Net income (loss):13,890(3,205)(1,174)(2,346)6,789(195)
Other undisclosed net income (loss) attributable to parent(15,042)1,455 1,007(7,301) 
Net loss available to common stockholders, diluted:(1,152)(1,750)(1,174)(1,339)(512)(195)

Comprehensive Income ($ in thousands)

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net income (loss):13,890(3,205)(1,174)(2,346)6,789(195)
Comprehensive income (loss), net of tax, attributable to parent:13,890(3,205)(1,174)(2,346)6,789(195)

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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