Intersect ENT, Inc. (XENT) Financial Statements (2024 and earlier)

Company Profile

Business Address 1555 ADAMS DRIVE
MENLO PARK, CA 94025
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)

3/31/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 38,39788,02790,638100,773102,320103,945
Cash and cash equivalents 38,39713,52120,6529,46419,8379,859
Short-term investments  74,50669,98691,30982,48394,086
Receivables 17,32614,59219,11319,61616,58914,421
Inventory, net of allowances, customer advances and progress billings 18,59912,05417,00011,5868,4745,613
Inventory 18,59912,05417,00011,5868,4745,613
Disposal group, including discontinued operation 5,353     
Other undisclosed current assets 26,3223,4942,3002,6952,9081,313
Total current assets: 105,997118,167129,051134,670130,291125,292
Noncurrent Assets
Operating lease, right-of-use asset 15,14917,15111,980
Property, plant and equipment 4,9955,6246,3125,8784,8484,127
Intangible assets, net (including goodwill) (2,800)67,832    
Goodwill  46,639    
Intangible assets, net (excluding goodwill) (2,800)21,193    
Other noncurrent assets 2,8391,107559413436358
Other undisclosed noncurrent assets 20,68717,500    
Total noncurrent assets: 40,870109,21418,8516,2915,2844,485
TOTAL ASSETS: 146,867227,381147,902140,961135,575129,777
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 29,38919,60116,77318,48316,55213,419
Employee-related liabilities 20,50113,55912,71712,28113,15210,152
Accounts payable 8,8886,0424,0566,2023,4003,267
Disposal group, including discontinued operation 5,353     
Other liabilities 5,4053,5752,1631,2501,125945
Other undisclosed current liabilities 17,01321,071    
Total current liabilities: 57,16044,24718,93619,73317,67714,364
Noncurrent Liabilities
Long-term debt and lease obligation 142,05581,38610,886   
Long-term debt, excluding current maturities 127,34663,650    
Liabilities, other than long-term debt 1,312 222346791,016
Deferred revenue and credits 1,016
Other liabilities 1,312 22234679 
Operating lease, liability 14,70917,73610,886
Other undisclosed noncurrent liabilities 15,40917,000    
Total noncurrent liabilities: 158,776116,12210,9082346791,016
Total liabilities: 215,936160,36929,84419,96718,35615,380
Equity
Equity, attributable to parent (69,069)67,012118,058120,994117,219114,397
Common stock 343332313029
Additional paid in capital 393,617370,053348,729308,766282,121262,882
Accumulated other comprehensive income (loss) (10)153(41)(92)(37)
Accumulated deficit (462,710)(303,075)(230,756)(187,762)(164,840)(148,477)
Total equity: (69,069)67,012118,058120,994117,219114,397
TOTAL LIABILITIES AND EQUITY: 146,867227,381147,902140,961135,575129,777

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

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 106,74880,554109,142108,47296,30178,708
Cost of revenue (30,012)(30,306)(21,773)(22,613)(15,499)(13,003)
Gross profit: 76,73650,24887,36985,85980,80265,705
Operating expenses (217,777)(117,900)(132,763)(110,865)(98,405)(91,816)
Operating loss: (141,041)(67,652)(45,394)(25,006)(17,603)(26,111)
Nonoperating income (expense) (13,847)(2,331)2,4002,0841,240889
Investment income, nonoperating (673)(378)1,201889(19)(148)
Gain (loss), foreign currency transaction, before tax 2,498(2,233)    
Interest and debt expense (6,437)(2,752)    
Loss from continuing operations before income taxes: (161,325)(72,735)(42,994)(22,922)(16,363)(25,222)
Income tax benefit 1,690416    
Loss from continuing operations: (159,635)(72,319)(42,994)(22,922)(16,363)(25,222)
Loss before gain (loss) on sale of properties:(159,635)(72,319)(42,994)(22,922)(16,363)(25,222)
Net loss available to common stockholders, diluted: (159,635)(72,319)(42,994)(22,922)(16,363)(25,222)

Comprehensive Income ($ in thousands)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (159,635)(72,319)(42,994)(22,922)(16,363)(25,222)
Comprehensive loss: (159,635)(72,319)(42,994)(22,922)(16,363)(25,222)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (11)(52)9451(55)(45)
Comprehensive loss, net of tax, attributable to parent: (159,646)(72,371)(42,900)(22,871)(16,418)(25,267)

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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