Avinger, Inc. (AVGR) financial statements (2022 and earlier)

Company profile

Business Address 400 CHESAPEAKE DRIVE
REDWOOD CITY, CA 94063
State of Incorp. DE
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,49722,18510,94316,4105,38936,09643,059
Cash and cash equivalents19,49722,18510,94316,4105,38936,09643,059
Receivables1,3931,4841,4581,1541,1273,5702,060
Inventory, net of allowances, customer advances and progress billings4,6013,8763,9123,4224,2958,4625,405
Inventory4,6013,8763,9123,4224,2958,4625,405
Prepaid expense158291     
Deferred costs    464 29
Other undisclosed current assets14259311635176662504
Total current assets:25,79127,89516,62421,62111,45148,79051,057
Noncurrent Assets
Operating lease, right-of-use asset3,1794,0634,856
Property, plant and equipment957271,6612,0782,9504,5552,822
Other noncurrent assets420510684 687212225
Total noncurrent assets:3,6945,3007,2012,0783,6374,7673,047
TOTAL ASSETS:29,48533,19523,82523,69915,08853,55754,104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,7213,0663,0996,7125,7337,4817,481
Accounts payable1,3946946631,1481,2731,6071,113
Accrued liabilities7186696541,4493,5973,0673,285
Employee-related liabilities1,6091,7031,7821,1978632,8073,083
Interest and dividends payable   2,918   
Debt 3,5909,6897,48644,74441,289 
Other undisclosed current liabilities985806     
Total current liabilities:4,7067,46212,78814,19850,47748,7707,481
Noncurrent Liabilities
Long-term debt and lease obligation14,48112,6574,135   29,565
Long-term debt, excluding current maturities12,2879,400    29,565
Operating lease, liability2,1943,2574,135
Liabilities, other than long-term debt575 7413015461,469
Other liabilities575 7413015461,469
Other undisclosed noncurrent liabilities (3,257)     
Total noncurrent liabilities:15,05612,6574,1424130154631,034
Total liabilities:19,76220,11916,93014,23950,77849,31638,515
Stockholders' equity
Stockholders' equity attributable to parent9,72313,0766,8959,460(35,690)4,24115,589
Common stock9685103412413
Additional paid in capital394,380380,332355,220338,311265,636256,606211,837
Accumulated deficit(384,753)(367,341)(348,335)(328,885)(301,327)(252,389)(196,261)
Total stockholders' equity:9,72313,0766,8959,460(35,690)4,24115,589
TOTAL LIABILITIES AND EQUITY:29,48533,19523,82523,69915,08853,55754,104

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues10,1308,7619,1317,9159,93419,21410,713
Cost of revenue(6,706)(6,143)(6,264)(6,531)(13,002)(14,445)(6,478)
Cost of goods and services sold(125)(528)(272)(914)(5,500)(797)26
Gross profit:3,4242,6182,8671,384(3,068)4,7694,235
Operating expenses(21,525)(20,022)(22,226)(23,451)(39,484)(55,486)(44,925)
Operating loss:(18,101)(17,404)(19,359)(22,067)(42,552)(50,717)(40,690)
Nonoperating income (expense)2,340901,400188108113(1,487)
Investment income, nonoperating33428821410812540
Other nonoperating income (expense)2,337561,101(13)11(12)(1,527)
Interest and debt expense(1,651)(1,692)(1,480)(5,692)(6,299)(5,524)(5,167)
Loss before gain (loss) on sale of properties:(17,412)(19,006)(19,439)(27,571)(48,743)(56,128)(47,344)
Other undisclosed net income (loss)  (11)1311  
Net loss attributable to parent:(17,412)(19,006)(19,450)(27,558)(48,732)(56,128)(47,344)
Preferred stock dividends and other adjustments(4,175)(3,866)(3,580)(2,918)  (2,384)
Other undisclosed net loss available to common stockholders, basic   (5,216)   
Net loss available to common stockholders, diluted:(21,587)(22,872)(23,030)(35,692)(48,732)(56,128)(49,728)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(17,412)(19,006)(19,450)(27,558)(48,732)(56,128)(47,344)
Comprehensive loss, net of tax, attributable to parent:(17,412)(19,006)(19,450)(27,558)(48,732)(56,128)(47,344)

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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