Chembio Diagnostics, Inc. (CEMI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
555 WIRELESS BLVD. HAUPPAUGE, NY 11788 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2022 | 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 | 28,773 | 23,066 | 18,271 | 12,525 | 3,790 | 10,554 | |||
| Cash and cash equivalents | 28,773 | 23,066 | 18,271 | 12,525 | 3,790 | 10,554 | |||
| Receivables | 11,441 | 3,377 | 3,661 | 7,374 | 2,085 | 3,384 | |||
| Inventory, net of allowances, customer advances and progress billings | 12,920 | 12,516 | 9,598 | 7,851 | 4,424 | 3,335 | |||
| Inventory | 12,920 | 12,516 | 9,598 | 7,851 | 4,424 | 3,335 | |||
| Other undisclosed current assets | 1,710 | 779 | 693 | 702 | 554 | 840 | |||
| Total current assets: | 54,845 | 39,739 | 32,224 | 28,452 | 10,854 | 18,114 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 192 | 233 | 210 | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 5,892 | 6,113 | 7,031 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 8,557 | 8,688 | 5,934 | 2,874 | 1,909 | 1,709 | |||
| Intangible assets, net (including goodwill) | 6,073 | 9,610 | 9,787 | 8,868 | 3,264 | ||||
| Goodwill | 3,023 | 5,964 | 5,873 | 4,983 | 1,667 | ||||
| Intangible assets, net (excluding goodwill) | 3,050 | 3,646 | 3,914 | 3,885 | 1,597 | ||||
| Deposits noncurrent assets | 744 | 509 | 544 | 718 | 589 | 720 | |||
| Other undisclosed noncurrent assets | (3,050) | 32 | |||||||
| Total noncurrent assets: | 18,408 | 25,153 | 23,505 | 12,459 | 5,762 | 2,462 | |||
| TOTAL ASSETS: | 73,252 | 64,892 | 55,729 | 40,911 | 16,616 | 20,575 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 13,128 | 10,043 | 5,526 | 5,889 | 3,046 | 3,013 | |||
| Employee-related liabilities | ✕ | 2,294 | 1,889 | 857 | 808 | 780 | 740 | ||
| Accounts payable | 7,746 | 5,728 | 3,144 | 3,623 | 1,495 | 1,437 | |||
| Accrued liabilities | 1,728 | 1,618 | 593 | 1,458 | 772 | 836 | |||
| Other undisclosed accounts payable and accrued liabilities | 1,360 | 808 | 932 | ||||||
| Deferred revenue | 1,607 | 125 | ✕ | ✕ | ✕ | ||||
| Debt | 1,268 | 59 | 790 | 208 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 50 | 393 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 423 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 886 | 642 | |||||||
| Total current liabilities: | 15,282 | 12,351 | 6,442 | 6,519 | 3,096 | 3,406 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 23,705 | 24,695 | 24,786 | 172 | 99 | ||||
| Long-term debt, excluding current maturities | 17,589 | 18,182 | 17,644 | 172 | 99 | ||||
| Finance lease, liability | 140 | 185 | 172 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 70 | 466 | 892 | 341 | |||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 892 | 341 | |||
| Deferred income tax liabilities | 70 | 466 | ✕ | ✕ | ✕ | ||||
| Operating lease, liability | 5,976 | 6,327 | 6,970 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (5,976) | ||||||||
| Total noncurrent liabilities: | 23,705 | 24,764 | 25,252 | 1,064 | 441 | ||||
| Total liabilities: | 38,987 | 37,116 | 31,694 | 7,583 | 3,537 | 3,406 | |||
| Equity | |||||||||
| Equity, attributable to parent | 34,265 | 27,776 | 24,035 | 33,328 | 13,079 | 17,170 | |||
| Common stock | 301 | 202 | 177 | 172 | 123 | 120 | |||
| Treasury stock, value | (207) | (190) | |||||||
| Additional paid in capital | 165,773 | 124,962 | 95,433 | 90,954 | 62,821 | 60,722 | |||
| Accumulated other comprehensive income (loss) | (592) | (91) | 10 | 112 | 179 | ||||
| Accumulated deficit | (131,010) | (97,106) | (71,585) | (57,910) | (50,044) | (43,672) | |||
| Total equity: | 34,265 | 27,776 | 24,035 | 33,328 | 13,079 | 17,170 | |||
| TOTAL LIABILITIES AND EQUITY: | 73,252 | 64,892 | 55,729 | 40,911 | 16,616 | 20,575 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 47,818 | 32,470 | 34,464 | 33,409 | 24,015 | 17,869 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 24,015 | 17,869 | |
| Cost of revenue | (34,496) | (23,874) | (22,394) | (21,427) | (12,921) | (9,418) | ||
| Cost of goods and services sold | (4,055) | (3,544) | (21,427) | (12,921) | (9,418) | |||
| Gross profit: | 13,323 | 8,596 | 12,070 | 11,982 | 11,094 | 8,451 | ||
| Operating expenses | (43,292) | (30,610) | (25,398) | (41,392) | (30,498) | (16,023) | ||
| Other undisclosed operating income (loss) | (1,084) | (1,122) | 21,427 | 12,921 | ||||
| Operating loss: | (31,053) | (23,136) | (13,329) | (7,983) | (6,483) | (7,572) | ||
| Nonoperating income | 49 | 22 | 26 | |||||
| Investment income, nonoperating | 49 | |||||||
| Other nonoperating income | 22 | 26 | ||||||
| Interest and debt expense | (20) | (20) | (8) | (3) | ||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (2,822) | (839) | 3 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (31,073) | (25,978) | (14,175) | (7,933) | (6,460) | (7,546) | ||
| Other undisclosed loss from continuing operations before income taxes | (2,892) | |||||||
| Loss from continuing operations before income taxes: | (33,966) | (25,978) | (14,175) | (7,933) | (6,460) | (7,546) | ||
| Income tax expense (benefit) | 62 | 457 | 500 | 68 | 88 | (5,801) | ||
| Loss from continuing operations: | (33,904) | (25,521) | (13,675) | (7,866) | (6,372) | (13,347) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (33,904) | (25,521) | (13,675) | (7,866) | (6,372) | (13,347) | |
| Net loss available to common stockholders, diluted: | (33,904) | (25,521) | (13,675) | (7,866) | (6,372) | (13,347) | ||
Comprehensive Income ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (33,904) | (25,521) | (13,675) | (7,866) | (6,372) | (13,347) | ||
| Comprehensive loss: | (33,904) | (25,521) | (13,675) | (7,866) | (6,372) | (13,347) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (501) | (101) | (102) | (67) | 179 | |||
| Comprehensive loss, net of tax, attributable to parent: | (34,405) | (25,622) | (13,777) | (7,932) | (6,193) | (13,347) | ||
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.