MTBC, Inc. (MTBC) financial statements (2021 and earlier)

Company profile

Business Address 7 CLYDE ROAD
SOMERSET, NJ 08873
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (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 investments2120144381
Cash and cash equivalents2120144381
Receivables12774423
Inventory, net of allowances, customer advances and progress billings000    
Inventory000    
Prepaid expense      0
Contract with customer, asset423
Other current assets      0
Other undisclosed current assets711111 
Total current assets:45312698115
Noncurrent Assets
Operating lease, right-of-use asset84
Property, plant and equipment5321211
Intangible assets, net (including goodwill)79191915181417
Goodwill491313121299
Intangible assets, net (excluding goodwill)30673658
Other noncurrent assets1000000
Total noncurrent assets:93252217201619
TOTAL ASSETS:138564826282723
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22952312
Accounts payable6321201
Accrued liabilities9221111
Employee-related liabilities32     
Interest and dividends payable421100 
Deferred revenue10
Debt0200312
Deferred rent credit  0
Due to related parties      0
Business combination, contingent consideration, liability  11113
Deferred revenue and credits0000
Contract with customer, liability0
Other undisclosed current liabilities6021931
Total current liabilities:2911841668
Noncurrent Liabilities
Long-term debt and lease obligation, including:0000450
Long-term debt, excluding current maturities0000450
Operating lease, liability62
Other undisclosed long-term debt and lease obligation(6)(2)     
Liabilities, other than long-term debt0001111
Deferred revenue and credits0011
Deferred revenue00
Contract with customer, liability0
Deferred rent credit  0
Deferred tax liabilities, net0000 
Deferred income tax liabilities00
Business combination, contingent consideration, liability   000 
Other undisclosed noncurrent liabilities72  00 
Total noncurrent liabilities:8211561
Total liabilities:37149521129
Stockholders' equity
Stockholders' equity attributable to parent10143392071514
Preferred stock000000 
Common stock0000000
Treasury stock, value(1)(1)(1)(1)(1)(0) 
Additional paid in capital137696545262519
Accumulated other comprehensive loss(1)(1)(1)(1)(0)(0)(0)
Accumulated deficit(34)(25)(24)(24)(18)(9)(4)
Total stockholders' equity:10143392071514
TOTAL LIABILITIES AND EQUITY:138564826282723

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
Revenues105645132242318
Revenue, net32242318
Cost of revenue
(Cost of Goods and Services Sold)
(65)(41)(31)(18)(13)(12)(11)
Gross profit:4023191411118
Operating expenses(113)(64)(53)(36)(32)(28)(22)
Other undisclosed operating income65413118131211
Operating income (loss):(8)0(3)(5)(8)(4)(4)
Nonoperating income (expense)0(1)00(0)0(0)
Foreign currency transaction gain (loss), before tax     0(0)
Other nonoperating income (expense)0(1)00(0)0(0)
Interest and debt expense(0)(0)(0)(1)(1)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes0000000
Loss from continuing operations before income taxes:(9)(1)(2)(5)(9)(5)(4)
Income tax expense (benefit)(0)(0)0(0)(0)(0)(0)
Net loss attributable to parent:(9)(1)(2)(6)(9)(5)(5)
Other undisclosed net loss available to common stockholders, basic(14)(6)(5)(2)(1)(0) 
Net loss available to common stockholders, diluted:(23)(7)(7)(8)(10)(5)(5)

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:(9)(1)(2)(6)(9)(5)(5)
Other comprehensive income (loss)  (1)(0)0(0)(0)
Comprehensive loss:(9)(1)(3)(6)(9)(5)(5)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)1     
Comprehensive loss, net of tax, attributable to parent:(9)(0)(3)(6)(9)(5)(5)

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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