Absci Corporation (ABSI) financial statements (2022 and earlier)

Company profile

Business Address 18105 SE MILL PLAIN BLVD
VANCOUVER, WA 98683
State of Incorp. DE
Fiscal Year End December 31
SIC 8731 - Commercial Physical and Biological Research (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments252,569
Cash and cash equivalents252,569
Receivables1,425
Other undisclosed current assets19,085
Total current assets:273,079
Noncurrent Assets
Operating lease, right-of-use asset6,538
Property, plant and equipment58,495
Intangible assets, net (including goodwill)76,327
Goodwill21,335
Intangible assets, net (excluding goodwill)54,992
Restricted cash and investments16,844
Other noncurrent assets1,293
Other undisclosed noncurrent assets(6,381)
Total noncurrent assets:153,116
TOTAL ASSETS:426,195
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities25,819
Accounts payable8,385
Accrued liabilities17,434
Deferred revenue1,353
Debt5,185
Other undisclosed current liabilities1,502
Total current liabilities:33,859
Noncurrent Liabilities
Long-term debt and lease obligation13,324
Long-term debt, excluding current maturities1,124
Finance lease, liability3,231
Operating lease, liability8,969
Liabilities, other than long-term debt12,905
Deferred income tax liabilities743
Other liabilities12,162
Total noncurrent liabilities:26,229
Total liabilities:60,088
Stockholders' equity
Stockholders' equity attributable to parent366,107
Common stock9
Additional paid in capital557,136
Accumulated other comprehensive loss(13)
Accumulated deficit(191,025)
Total stockholders' equity:366,107
TOTAL LIABILITIES AND EQUITY:426,195

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

12/31/2021
Revenues4,782
Gross profit:4,782
Operating expenses(80,020)
Operating loss:(75,238)
Nonoperating expense(34,621)
Other nonoperating expense(31,189)
Interest and debt expense636
Loss from continuing operations before equity method investments, income taxes:(109,223)
Other undisclosed loss from continuing operations before income taxes(636)
Loss from continuing operations before income taxes:(109,859)
Income tax benefit8,899
Net loss attributable to parent:(100,960)
Undistributed earnings (loss) allocated to participating securities, basic(2,284)
Net loss available to common stockholders, diluted:(103,244)

Comprehensive Income ($ in thousands)

12/31/2021
Net loss:(100,960)
Comprehensive loss:(100,960)
Other undisclosed comprehensive loss, net of tax, attributable to parent(13)
Comprehensive loss, net of tax, attributable to parent:(100,973)

Statements sources

The financial statements are based on the company's filings with the 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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