icad inc. (ICAD) financial statements (2022 and earlier)

Company profile

Business Address 98 SPIT BROOK ROAD, SUITE 100
NASHUA, NH 03062
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,282 15,31312,1859,3878,585
Cash and cash equivalents34,282 15,31312,1859,3878,585
Receivables9,291 9,8196,4038,5995,189
Inventory, net of allowances, customer advances and progress billings4,171 2,6111,5872,1233,727
Inventory4,171 2,6111,5872,1233,727
Disposal group, including discontinued operation     1,304
Other undisclosed current assets2,562 1,4531,0451,1001,128
Total current assets:50,306 29,19621,22021,20919,933
Noncurrent Assets
Operating lease, right-of-use asset  2,406
Property, plant and equipment882 5515525761,385
Intangible assets, net (including goodwill)  9,545   
Goodwill  8,362   
Intangible assets, net (excluding goodwill)  1,183   
Other noncurrent assets11,003  9,96510,34617,333
Other undisclosed noncurrent assets  50   
Total noncurrent assets:11,885 12,55210,51710,92218,718
TOTAL ASSETS:62,191 41,74831,73732,13138,651
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,642 6,5905,0604,4754,988
Accounts payable   1,1541,3621,577
Accrued liabilities   828488364
Employee-related liabilities2,016 3,2001,8111,3881,878
Other undisclosed accounts payable and accrued liabilities3,626 3,3901,2671,2371,169
Deferred revenue5,652 5,248
Debt  5,008151286
Disposal group, including discontinued operation     832
Deferred revenue and credits5,4045,372
Contract with customer, liability5,209
Other undisclosed current liabilities3,668 1,9902,9612,1791,577
Total current liabilities:14,962 18,83613,24512,07012,855
Noncurrent Liabilities
Long-term debt and lease obligation266 3,8404,2655,146 
Long-term debt, excluding current maturities  2,0034,2545,119 
Capital lease obligations1127 
Operating lease, liability266 1,837
Liabilities, other than long-term debt441 35630639758
Deferred revenue and credits506668
Deferred revenue441 356
Deferred tax liabilities, net3147
Other liabilities   2711983
Other undisclosed noncurrent liabilities5 13,6457,301  
Total noncurrent liabilities:712 17,84111,5965,785758
Total liabilities:15,674 36,67724,84117,85513,613
Stockholders' equity
Stockholders' equity attributable to parent46,517 5,0716,89614,27625,038
Common stock253 196171167163
Treasury stock, value(1,415) (1,415)(1,415)(1,415)(1,415)
Additional paid in capital300,859 230,615218,914217,389213,899
Accumulated deficit(253,180) (224,325)(210,774)(201,865)(187,609)
Total stockholders' equity:46,517 5,0716,89614,27625,038
TOTAL LIABILITIES AND EQUITY:62,191 41,74831,73732,13138,651

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues33,638 31,34025,62128,10226,338
Revenue, net28,10226,338
Gain on disposition of assets for financial service operations  6,700 
Cost of revenue
(Cost of Goods and Services Sold)
(9,395) (7,113)(6,191)(9,926)(7,820)
Gross profit:24,243 24,22719,43018,17618,518
Operating expenses(34,975) (30,624)(27,560)(32,344)(28,488)
Operating loss:(10,732) (6,397)(8,130)(14,168)(9,970)
Nonoperating expense(512) (7,111)(845)(106)(53)
Investment income, nonoperating15 3441101810
Interest and debt expense(386) (6,671)(504)(124)(63)
Loss from continuing operations before equity method investments, income taxes:(11,630) (20,179)(9,479)(14,398)(10,086)
Other undisclosed income from continuing operations before income taxes386 6,67150412463
Loss from continuing operations before income taxes:(11,244) (13,508)(8,975)(14,274)(10,023)
Income tax expense (benefit)(1) (43)(42)18(76)
Net loss available to common stockholders, diluted:(11,245) (13,551)(9,017)(14,256)(10,099)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(11,245) (13,551)(9,017)(14,256)(10,099)
Comprehensive loss, net of tax, attributable to parent:(11,245) (13,551)(9,017)(14,256)(10,099)

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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