VirnetX Holding Corp (VHC) Financial Statements (2024 and earlier)

Company Profile

Business Address 308 DORLA COURT
ZEPHYR COVE, NV 89448
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6794 - Patent Owners and Lessors (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
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments152,023169,272221,2565,5299,4144,588
Cash and cash equivalents86,561142,018192,9083,1357,6113,135
Short-term investments65,46227,25428,3482,3941,8031,453
Receivables1417856 
Prepaid expense   2,905   
Other undisclosed current assets224203263237718591
Total current assets:152,261169,492224,4325,77110,1385,179
Noncurrent Assets
Property, plant and equipment1118111697
Long-term investments and receivables      
Long-term investments      
Prepaid expense     1,6041,989
Deferred income tax assets  19,2789,049 
Other undisclosed noncurrent assets7031,0561,3011,711  
Total noncurrent assets:71420,35210,3611,7271,6131,996
TOTAL ASSETS:152,975189,844234,7937,49811,7517,175
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3733386541,3461,050414
Taxes payable   396393
Employee-related liabilities2702202872772,175
Accrued liabilities311     
Other undisclosed accounts payable and accrued liabilities62684341,059377(2,154)
Deferred revenue and credits1,500
Other liabilities475844193140 
Other undisclosed current liabilities3116259,6582876732,568
Total current liabilities:7311,02110,3561,8261,8634,482
Noncurrent Liabilities
Liabilities, other than long-term debt  46 44 1,140
Deferred revenue and credits1,000
Other liabilities  46 44 140
Total noncurrent liabilities:  46 44 1,140
Total liabilities:7311,06710,3561,8701,8635,622
Equity
Equity, attributable to parent152,244188,777224,4375,6289,8881,553
Common stock 777776
Additional paid in capital239,746236,445232,457223,237208,317177,076
Accumulated other comprehensive loss(314)(68)(13)(14)(14)(13)
Accumulated deficit(87,195)(47,607)(8,014)(217,602)(198,422)(175,516)
Total equity:152,244188,777224,4375,6289,8881,553
TOTAL LIABILITIES AND EQUITY:152,975189,844234,7937,49811,7517,175

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4835302,63685631,547
Revenue, net1,547
Gross profit:4835302,63685631,547
Operating expenses(22,124)(49,209)(144,743)(19,750)(25,520)(18,868)
Operating income (loss):(22,076)(49,174)157,893(19,665)(25,457)(17,321)
Nonoperating income
(Other Nonoperating income)
      46
Other undisclosed income from continuing operations before equity method investments, income taxes   149,5599254 
Income (loss) from continuing operations before equity method investments, income taxes:(22,076)(49,174)307,452(19,573)(25,403)(17,275)
Other undisclosed income from continuing operations before income taxes1,84848    
Income (loss) from continuing operations before income taxes:(20,228)(49,126)307,452(19,573)(25,403)(17,275)
Income tax expense (benefit)(16,032)9,533(27,023)393(3)(3)
Income (loss) from continuing operations:(36,260)(39,593)280,429(19,180)(25,406)(17,278)
Income (loss) before gain (loss) on sale of properties:(39,593)280,429(19,180)(25,406)(17,278)
Net income (loss) available to common stockholders, diluted:(36,260)(39,593)280,429(19,180)(25,406)(17,278)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(36,260)(39,593)280,429(19,180)(25,406)(17,278)
Comprehensive income (loss):(36,260)(39,593)280,429(19,180)(25,406)(17,278)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(246)(55)1 (1)(1)
Comprehensive income (loss), net of tax, attributable to parent:(36,506)(39,648)280,430(19,180)(25,407)(17,279)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: