GenMark Diagnostics, Inc. (GNMK) financial statements (2022 and earlier)

Company profile

Business Address 5964 LA PLACE COURT
CARLSBAD, CA 92008
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)

12/31/2020
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 investments, including:128,20053,46045,16871,99041,56645,46571,000
Cash and cash equivalents40,57244,36036,28626,75415,95935,38536,855
Short-term investments 9,1008,88245,23625,60710,08033,651
Other undisclosed cash, cash equivalents, and short-term investments87,628     494
Receivables20,79016,75911,53410,6769,0486,8474,889
Inventory, net of allowances, customer advances and progress billings21,32311,30110,24410,9496,6333,0542,137
Inventory21,32311,30110,24410,9496,6333,0542,137
Prepaid expense 1,8771,4831,7921,202591575
Other undisclosed current assets2,649     (494)
Total current assets:172,96283,39768,42995,40758,44955,95778,107
Noncurrent Assets
Operating lease, right-of-use asset8,676 
Property, plant and equipment38,36220,41921,07022,58118,26811,39611,052
Intangible assets, net (including goodwill)8411,4322,0232,6242,6702,3761,870
Intangible assets, net (excluding goodwill)8411,4322,0232,6242,6702,3761,870
Restricted cash and investments1,646 758758758758758
Other noncurrent assets1,047825701192179180183
Other undisclosed noncurrent assets 5,400     
Total noncurrent assets:50,57228,07624,55226,15521,87514,71013,863
TOTAL ASSETS:223,534111,47392,981121,56280,32470,66791,970
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities35,78712,2499,88611,17114,3538,2378,640
Accounts payable23,07112,2499,88611,1718,7034,3763,468
Employee-related liabilities12,716   5,6503,8615,172
Debt   7,9277,935373 
Other liabilities5,2502,7323,0433,2264,1332,3523,653
Other undisclosed current liabilities3,0939,3357,3585,419 (373) 
Total current liabilities:44,13024,31620,28727,74326,42110,58912,293
Noncurrent Liabilities
Long-term debt and lease obligation84,04669,14536,04220,09911,8809,890 
Long-term debt, excluding current maturities71,29769,14536,04220,09911,8809,890 
Operating lease, liability12,749 
Liabilities, other than long-term debt1,160 2,9963,0593,8721,5911,653
Deferred revenue and credits2,9963,0593,6521,2571,445
Other liabilities1,160   220334208
Other undisclosed noncurrent liabilities (69,092)(38,929)(22,917)   
Total noncurrent liabilities:85,2065310924115,75211,4811,653
Other undisclosed liabilities 74,94139,03823,158   
Total liabilities:129,33699,31059,43451,14242,17322,07013,946
Stockholders' equity
Stockholders' equity attributable to parent94,19812,16333,54770,42038,15148,59778,024
Common stock7666444
Additional paid in capital626,816526,294500,344487,525393,322353,233340,502
Accumulated other comprehensive income (loss)252968099529(10)
Accumulated deficit(532,877)(514,233)(466,883)(417,120)(355,270)(304,669)(262,472)
Total stockholders' equity:94,19812,16333,54770,42038,15148,59778,024
TOTAL LIABILITIES AND EQUITY:223,534111,47392,981121,56280,32470,66791,970

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues171,55488,02170,75952,51949,27439,41130,594
Revenue, net70,48152,26048,91439,02930,328
Cost of revenue(103,610)(59,418)(51,278)(32,514)(19,700)(15,317)(13,127)
Gross profit:67,94428,60319,48120,00529,57424,09417,467
Operating expenses(78,995)(70,417)(67,253)(79,522)(78,555)(65,629)(56,521)
Operating loss:(11,051)(41,814)(47,772)(59,517)(48,981)(41,535)(39,054)
Nonoperating income (expense)(7,512)(5,472)(2,589)(2,232)(1,520)(622)218
Other nonoperating income (expense)9(23)(192)249(160)133(6)
Interest and debt expense(7,907)(5,961)(3,108)(3,042)(1,536)(880)(20)
Other undisclosed income from continuing operations before equity method investments, income taxes7,9075,9613,1083,0421,53688020
Loss from continuing operations before income taxes:(18,563)(47,286)(50,361)(61,749)(50,501)(42,157)(38,836)
Income tax expense (benefit)(81)(64)(139)(101)(100)(40)573
Net loss available to common stockholders, diluted:(18,644)(47,350)(50,500)(61,850)(50,601)(42,197)(38,263)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(18,644)(47,350)(50,500)(61,850)(50,601)(42,197)(38,263)
Other comprehensive income (loss)1561671(86)(50,535)  
Comprehensive loss:(18,488)(47,334)(50,429)(61,936)(101,136)(42,197)(38,263)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (39)(20)
Comprehensive loss, net of tax, attributable to parent:(18,488)(47,334)(50,429)(61,936)(101,136)(42,236)(38,283)

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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