Salona Global Medical Device Corp (LNDZF) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
6160 INNOVATION WAY CARLSBAD, CA 92009 |
| State of Incorp. | BC |
| Fiscal Year End | February 28 |
| Industry (SIC) | 3841 - Surgical and Medical Instruments and Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 11/30/2022 MRQ | 2/28/2022 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 3,139 | 8,057 | |||
| Cash and cash equivalents | 3,139 | 8,057 | |||
| Receivables | 7,797 | 6,596 | |||
| Inventory, net of allowances, customer advances and progress billings | 8,590 | 4,969 | |||
| Inventory | 8,590 | 4,969 | |||
| Prepaid expense | 479 | 413 | |||
| Total current assets: | 20,005 | 20,035 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 7,878 | 3,942 | |||
| Property, plant and equipment | 3,069 | 1,460 | |||
| Long-term investments and receivables | 192 | ||||
| Accounts and financing receivable, after allowance for credit loss | 192 | ||||
| Intangible assets, net (including goodwill) | 21,952 | 16,760 | |||
| Goodwill | 12,544 | 9,833 | |||
| Intangible assets, net (excluding goodwill) | 9,408 | 6,927 | |||
| Prepaid expense | |||||
| Restricted cash and investments | 565 | 485 | |||
| Total noncurrent assets: | 33,656 | 22,647 | |||
| TOTAL ASSETS: | 53,661 | 42,682 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 6,139 | 3,679 | |||
| Accounts payable | 3,723 | 2,863 | |||
| Accrued liabilities | 2,416 | 817 | |||
| Debt | 194 | 174 | |||
| Other liabilities | 2,066 | 562 | |||
| Other undisclosed current liabilities | 20,072 | 18,740 | |||
| Total current liabilities: | 28,471 | 23,156 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 587 | 4,616 | |||
| Long-term debt, excluding current maturities | 587 | 682 | |||
| Liabilities, other than long-term debt | 6,027 | ||||
| Operating lease, liability | 6,027 | 3,934 | |||
| Other undisclosed noncurrent liabilities | 2,425 | (2,179) | |||
| Total noncurrent liabilities: | 9,039 | 6,372 | |||
| Total liabilities: | 37,510 | 29,528 | |||
| Equity | |||||
| Equity, attributable to parent, including: | 16,151 | 13,153 | |||
| Common stock | 38,767 | 38,046 | |||
| Additional paid in capital | 8,042 | 6,985 | |||
| Accumulated other comprehensive income | 968 | 1,006 | |||
| Accumulated deficit | (47,692) | (33,365) | |||
| Other undisclosed equity, attributable to parent | 16,064 | 480 | |||
| Total equity: | 16,151 | 13,153 | |||
| TOTAL LIABILITIES AND EQUITY: | 53,661 | 42,682 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 11/30/2022 TTM | 2/28/2022 | ||
|---|---|---|---|---|
| Revenues | 30,640 | 18,312 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (20,475) | (12,350) | ||
| Gross profit: | 10,166 | 5,962 | ||
| Operating expenses | (10,251) | (5,728) | ||
| Operating income (loss): | (85) | 234 | ||
| Nonoperating income (expense) (Gain (Loss), Foreign Currency Transaction, before Tax) | (13) | 16 | ||
| Interest and debt expense | (509) | (373) | ||
| Loss from continuing operations before equity method investments, income taxes: | (607) | (122) | ||
| Other undisclosed loss from continuing operations before income taxes | (13,871) | (4,351) | ||
| Loss from continuing operations before income taxes: | (14,478) | (4,474) | ||
| Income tax benefit | 151 | 102 | ||
| Loss from continuing operations: | (14,327) | (4,372) | ||
| Loss before gain (loss) on sale of properties: | (12,798) | (4,372) | ||
| Net loss available to common stockholders, diluted: | (14,327) | (4,372) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 11/30/2022 TTM | 2/28/2022 | ||
|---|---|---|---|---|
| Net loss: | (14,327) | (4,372) | ||
| Comprehensive loss: | (14,327) | (4,372) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (38) | 63 | ||
| Comprehensive loss, net of tax, attributable to parent: | (14,365) | (4,309) | ||
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.