Vapotherm, Inc. (VAPO) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 DOMAIN DRIVE
EXETER, NH 03833
State of Incorp.
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,73857,071113,68371,655
Cash and cash equivalents15,73857,071113,68371,655
Receivables9,10210,90923,4888,243
Inventory, net of allowances, customer advances and progress billings32,98036,56219,8739,137
Inventory32,98036,56219,8739,137
Other undisclosed current assets2,0815,2055,0414,066
Total current assets:59,901109,747162,08593,101
Noncurrent Assets
Operating lease, right-of-use asset5,8057,0458,260 
Property, plant and equipment26,63622,15720,57315,086
Intangible assets, net (including goodwill)53619,69821,920941
Goodwill53615,30016,226588
Intangible assets, net (excluding goodwill)  4,3985,694353
Restricted cash and investments1,1092531,8531,852
Deferred income tax assets9678 66
Other noncurrent assets2,1121,107967844
Total noncurrent assets:36,29450,33853,57318,789
TOTAL ASSETS:96,195160,085215,658111,890
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,34834,48241,51812,562
Accounts payable2,7395,9234,9672,753
Accrued liabilities15,60928,55936,5519,809
Deferred revenue1,0211,712  
Debt  6,608 3,491
Other undisclosed current liabilities195369459137
Total current liabilities:19,56443,17141,97716,190
Noncurrent Liabilities
Long-term debt and lease obligation96,99439,72644,54141,787
Long-term debt, excluding current maturities96,99439,72644,54141,787
Liabilities, other than long-term debt7,82710,52115,235174
Deferred income tax liabilities   6 
Other liabilities7,82710,52115,229174
Total noncurrent liabilities:104,82150,24759,77641,961
Total liabilities:124,38593,418101,75358,151
Equity
Equity, attributable to parent(28,190)66,667113,90553,739
Common stock29262621
Additional paid in capital461,940443,358430,781319,115
Accumulated other comprehensive income (loss)(157)264144
Accumulated deficit(490,002)(376,743)(316,943)(265,441)
Total equity:(28,190)66,667113,90553,739
TOTAL LIABILITIES AND EQUITY:96,195160,085215,658111,890

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues66,801113,292125,73348,104
Cost of revenue(49,558)(60,104)(62,687)(26,793)
Gross profit:17,24353,18863,04621,311
Operating expenses(117,634)(110,353)(106,060)(69,475)
Operating loss:(100,391)(57,165)(43,014)(48,164)
Nonoperating expense(100)(116)(8,117)(2,137)
Investment income, nonoperating13991257860
Gain (loss), foreign currency transaction, before tax(239)(225)11444
Other nonoperating income (expense)  18(8,488)(3,041)
Interest and debt expense(12,757)(2,595)(8,874)(5,096)
Loss from continuing operations before equity method investments, income taxes:(113,248)(59,876)(60,005)(55,397)
Other undisclosed income from continuing operations before income taxes   8,5034,192
Loss from continuing operations before income taxes:(113,248)(59,876)(51,502)(51,205)
Income tax expense (benefit)(11)76(70)146
Loss from continuing operations:(113,259)(59,800)(51,572)(51,059)
Loss before gain (loss) on sale of properties:(59,800)(51,572)(51,059)
Other undisclosed net income   70 
Net loss available to common stockholders, diluted:(113,259)(59,800)(51,502)(51,059)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(113,259)(59,800)(51,502)(51,059)
Comprehensive loss:(113,259)(59,800)(51,502)(51,059)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(183)(15)(3)44
Comprehensive loss, net of tax, attributable to parent:(113,442)(59,815)(51,505)(51,015)

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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