SOC Telemed, Inc. (TLMD) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2411 DULLES CORNER PARK HERNDON, VA 20171 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 809 - Miscellaneous Health And Allied Services, Not (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 37,727 | 50,005 | 32,532 | 38,754 | 293 | 843 | |||
| Cash and cash equivalents | 37,727 | 50,005 | 32,532 | 38,754 | 293 | 843 | |||
| Receivables | 14,361 | 14,438 | 13,329 | 8,721 | |||||
| Inventory, net of allowances, customer advances and progress billings | 1,303 | 1,356 | 1,409 | ||||||
| Inventory | 1,303 | 1,356 | 1,409 | ||||||
| Prepaid expense | 2,957 | 3,141 | 2,775 | 1,609 | 183 | 213 | |||
| Other current assets | 590 | 602 | 282 | ||||||
| Other undisclosed current assets | 887 | 1,254 | 32 | 7 | |||||
| Total current assets: | 57,825 | 70,796 | 50,359 | 49,084 | 482 | 1,056 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3,855 | 3,970 | 3,998 | 4,092 | |||||
| Intangible assets, net (including goodwill) | 200,180 | 201,851 | 205,778 | 22,269 | |||||
| Goodwill | 155,099 | 155,647 | 158,451 | 16,281 | |||||
| Intangible assets, net (excluding goodwill) | 45,081 | 46,204 | 47,327 | 5,988 | |||||
| Deferred costs | 4,300 | ||||||||
| Other undisclosed noncurrent assets | 11,758 | 11,905 | 11,869 | 5,194 | 252,039 | 251,951 | |||
| Total noncurrent assets: | 215,793 | 217,726 | 221,645 | 35,855 | 252,039 | 251,951 | |||
| TOTAL ASSETS: | 273,618 | 288,522 | 272,004 | 84,939 | 252,521 | 253,007 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 16,550 | 19,492 | 17,916 | 11,102 | 1,994 | 508 | |||
| Taxes payable | 275 | ||||||||
| Accounts payable | 5,387 | 8,271 | 5,266 | 2,809 | |||||
| Accrued liabilities | 11,163 | 11,221 | 12,650 | 8,293 | 1,994 | 233 | |||
| Deferred revenue | 520 | 531 | 504 | 610 | |||||
| Deferred compensation liability | 4,228 | ||||||||
| Other liabilities | 282 | ||||||||
| Other undisclosed current liabilities | 22 | 340 | |||||||
| Total current liabilities: | 17,374 | 20,363 | 18,420 | 15,940 | 1,994 | 508 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 403 | 560 | 575 | 560 | |||||
| Long-term debt, excluding current maturities | 403 | 560 | 575 | 560 | |||||
| Liabilities, other than long-term debt, including: | 960 | 1,012 | 15 | 560 | |||||
| Accounts payable and accrued liabilities | 575 | 560 | |||||||
| Deferred revenue | 960 | 1,012 | 915 | 923 | |||||
| Due to related parties | 11,499 | ||||||||
| Business combination, contingent consideration, liability | 3,265 | ||||||||
| Other undisclosed liabilities, other than long-term debt | (16,239) | (923) | |||||||
| Other undisclosed noncurrent liabilities | 76,674 | 80,421 | 107,665 | 12,813 | 8,751 | 8,750 | |||
| Total noncurrent liabilities: | 78,037 | 81,993 | 108,255 | 13,933 | 8,751 | 8,750 | |||
| Total liabilities: | 95,411 | 102,356 | 126,675 | 29,873 | 10,744 | 9,259 | |||
| Temporary equity, carrying amount | 236,777 | 238,748 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 178,207 | 186,166 | 145,329 | 55,066 | 5,000 | 5,000 | |||
| Common stock | 10 | 10 | 9 | 8 | |||||
| Additional paid in capital | 452,115 | 449,428 | 394,134 | 291,277 | 5,892 | 3,921 | |||
| Retained earnings (accumulated deficit) | (273,918) | (263,272) | (248,814) | (236,219) | (893) | 1,078 | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | |||||||
| Total equity: | 178,207 | 186,166 | 145,329 | 55,066 | 5,000 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 273,618 | 288,522 | 272,004 | 84,939 | 252,521 | 253,007 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,684 | 24,960 | 14,821 | 57,985 | ||||
| Cost of revenue | (18,561) | (16,937) | (9,767) | |||||
| Other undisclosed gross profit | (38,542) | |||||||
| Gross profit: | 8,123 | 8,023 | 5,054 | 19,443 | ||||
| Operating expenses | (20,929) | (19,532) | (21,261) | (58,453) | (2,336) | (293) | ||
| Other undisclosed operating income | 10 | |||||||
| Operating loss: | (12,806) | (11,509) | (16,207) | (39,000) | (2,336) | (293) | ||
| Nonoperating income (expense) | 2,306 | (2,932) | 3,278 | |||||
| Interest and debt expense | (1,500) | (1,600) | (100) | |||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (20,216) | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (12,000) | (16,041) | (13,029) | (59,216) | (2,336) | (293) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,500 | 1,600 | 100 | 10,312 | 88 | 66 | ||
| Loss from continuing operations before income taxes: | (10,500) | (14,441) | (12,929) | (48,904) | (2,249) | (227) | ||
| Income tax expense (benefit) | (146) | (17) | 334 | (28) | 278 | 48 | ||
| Loss from continuing operations: | (10,646) | (14,458) | (12,595) | (48,932) | (1,971) | (179) | ||
| Loss before gain (loss) on sale of properties: | (10,646) | (14,458) | (12,595) | (48,932) | (1,971) | (179) | ||
| Net loss: | (10,646) | (14,458) | (12,595) | (48,932) | (1,971) | (179) | ||
| Net loss attributable to noncontrolling interest | (14,500) | |||||||
| Other undisclosed net income attributable to parent | 14,500 | |||||||
| Net loss attributable to parent: | (10,646) | (14,458) | (12,595) | (48,932) | (1,971) | (179) | ||
| Other undisclosed net loss available to common stockholders, basic | (96,974) | |||||||
| Net loss available to common stockholders, diluted: | (10,646) | (14,458) | (12,595) | (145,906) | (1,971) | (179) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (10,646) | (14,458) | (12,595) | (48,932) | (1,971) | (179) | ||
| Comprehensive loss: | (10,646) | (14,458) | (12,595) | (48,932) | (1,971) | (179) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (14,500) | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (10,646) | (28,958) | (12,595) | (48,932) | (1,971) | (179) | ||
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.