Chembio Diagnostics, Inc. (CEMI) financial statements (2021 and earlier)

Company profile

Business Address 555 WIRELESS BLVD.
HAUPPAUGE, NY 11788
State of Incorp. NV
Fiscal Year End December 31
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23181341155
Cash and cash equivalents23181341155
Receivables3472328
Inventory, net of allowances, customer advances and progress billings131084344
Inventory131084344
Other undisclosed current assets1111111
Total current assets:40322811181318
Noncurrent Assets
Finance lease, right-of-use asset00
Operating lease, right-of-use asset67
Property, plant and equipment9632223
Intangible assets, net (including goodwill)101093 01
Goodwill6652   
Intangible assets, net (excluding goodwill)4442 01
Deposits noncurrent assets1111100
Other undisclosed noncurrent assets    053
Total noncurrent assets:2524126287
TOTAL ASSETS:65564117212125
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10663335
Accounts payable6341112
Accrued liabilities2111112
Employee-related liabilities2111111
Other undisclosed accounts payable and accrued liabilities11     
Deferred revenue20
Debt010  00
Deferred revenue and credits00 0
Contract with customer, liability0
Other undisclosed current liabilities1     (0)
Total current liabilities:12673335
Noncurrent Liabilities
Long-term debt and lease obligation252500   
Long-term debt, excluding current maturities181800   
Finance lease, liability00
Operating lease, liability67
Liabilities, other than long-term debt0010   
Deferred tax liabilities, net10   
Deferred income tax liabilities00
Total noncurrent liabilities:252510   
Total liabilities:373284335
Stockholders' equity
Stockholders' equity attributable to parent28243313171820
Common stock0000000
Treasury stock, value(0)      
Additional paid in capital125959163614848
Accumulated other comprehensive income (loss)(0)000   
Accumulated deficit(97)(72)(58)(50)(44)(30)(28)
Total stockholders' equity:28243313171820
TOTAL LIABILITIES AND EQUITY:65564117212125

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues32343324182428
Revenue, net24182428
Cost of revenue(24)(22)(21)(13)(9)(14)(17)
Cost of goods and services sold(4) (21)(13)(9)(14)(17)
Gross profit:912121181011
Operating expenses(31)(25)(41)(30)(16)(14)(12)
Other undisclosed operating income (loss)(1) 2113   
Operating loss:(23)(13)(8)(6)(8)(4)(2)
Nonoperating income (expense)  000(0)0
Investment income, nonoperating  0  00
Other nonoperating income   00  
Interest and debt expense(0)(0) (0) (0) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(3)(1) 0   
Loss from continuing operations before equity method investments, income taxes:(26)(14)(8)(6)(8)(4)(2)
Other undisclosed income from continuing operations before income taxes     0 
Loss from continuing operations before income taxes:(26)(14)(8)(6)(8)(4)(2)
Income tax expense (benefit)0100(6)10
Net loss available to common stockholders, diluted:(26)(14)(8)(6)(13)(2)(1)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(26)(14)(8)(6)(13)(2)(1)
Comprehensive loss:(26)(14)(8)(6)(13)(2)(1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)(0)0   
Comprehensive loss, net of tax, attributable to parent:(26)(14)(8)(6)(13)(2)(1)

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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