NanoString Technologies, Inc. (NSTG) financial statements (2022 and earlier)
Company profile
| Business Address |
530 FAIRVIEW AVENUE NORTH SEATTLE, WA 98109 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 2836 - Biological Products, Except Diagnostic Substances (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 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 348,889 | 440,731 | 146,337 | 24,356 | 77,555 | 74,036 | 49,044 | ||
| Cash and cash equivalents | 107,068 | 411,848 | 29,033 | 24,356 | 26,136 | 20,583 | 21,856 | ||
| Short-term investments | 241,821 | 28,883 | 117,304 | 51,419 | 53,453 | 27,188 | |||
| Receivables | 40,130 | 31,100 | 27,153 | 17,279 | 19,564 | 22,379 | 19,725 | ||
| Inventory, net of allowances, customer advances and progress billings | 31,486 | 22,959 | 19,781 | 13,173 | 20,057 | 13,812 | 10,138 | ||
| Inventory | 31,486 | 22,959 | 19,781 | 13,173 | 20,057 | 13,812 | 10,138 | ||
| Prepaid expense | 328 | 314 | |||||||
| Deferred costs | 181 | ||||||||
| Deposits current assets | 1,262 | 1,664 | |||||||
| Other undisclosed current assets | 7,115 | 4,190 | 19,336 | 76,899 | 4,745 | 1,968 | 1,727 | ||
| Total current assets: | 427,620 | 498,980 | 212,607 | 131,707 | 121,921 | 113,785 | 82,793 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 19,226 | 21,492 | 24,648 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 27,043 | 20,828 | 20,184 | 15,171 | 14,057 | 12,158 | 9,414 | ||
| Restricted cash and investments | 143 | 143 | 143 | ||||||
| Other noncurrent assets | 5,592 | 2,895 | 2,315 | 680 | 641 | 287 | 338 | ||
| Other undisclosed noncurrent assets | 181 | ||||||||
| Total noncurrent assets: | 51,861 | 45,215 | 47,147 | 15,851 | 14,841 | 12,588 | 10,076 | ||
| TOTAL ASSETS: | 479,481 | 544,195 | 259,754 | 147,558 | 136,762 | 126,373 | 92,869 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 38,514 | 25,545 | 30,834 | 24,401 | 17,233 | 17,279 | 15,424 | ||
| Accounts payable | 14,283 | 5,313 | 10,282 | 8,636 | 4,092 | 4,935 | 3,243 | ||
| Accrued liabilities | 6,765 | 4,970 | 4,973 | 3,705 | 4,507 | 12,344 | 12,181 | ||
| Employee-related liabilities | 17,466 | 15,262 | 15,579 | 12,060 | 8,634 | ||||
| Deferred revenue | 7,474 | 5,610 | 3,997 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 3,766 | 58 | 226 | ||||||
| Deferred rent credit | 657 | ✕ | ✕ | ✕ | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 9,741 | 19,046 | 5,261 | ||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 8,945 | ||||
| Other undisclosed current liabilities | 6,167 | 5,944 | 6,389 | 18,057 | |||||
| Total current liabilities: | 52,155 | 37,099 | 44,986 | 43,115 | 35,919 | 36,383 | 20,911 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 225,144 | 172,703 | 79,951 | 58,396 | 48,931 | 47,366 | 41,000 | ||
| Operating lease, liability | 21,693 | 25,602 | 29,368 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 203,451 | 147,101 | 50,583 | 58,396 | 48,931 | 47,366 | 41,000 | ||
| Liabilities, other than long-term debt | 3,527 | 1,843 | 976 | 8,200 | 3,304 | 30,164 | 10,743 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 3,304 | 30,164 | 10,743 | ||
| Deferred revenue | 3,527 | 1,843 | 976 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred rent credit | 8,200 | ✕ | ✕ | ✕ | |||||
| Other undisclosed noncurrent liabilities | 21,693 | 25,602 | 29,690 | 978 | 8,499 | 155 | |||
| Total noncurrent liabilities: | 250,364 | 200,148 | 110,617 | 67,574 | 60,734 | 77,685 | 51,743 | ||
| Total liabilities: | 302,519 | 237,247 | 155,603 | 110,689 | 96,653 | 114,068 | 72,654 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 176,962 | 306,948 | 104,151 | 36,869 | 40,109 | 12,305 | 20,215 | ||
| Common stock | 5 | 4 | 4 | 3 | 2 | 2 | 2 | ||
| Additional paid in capital | 827,028 | 848,891 | 535,954 | 428,162 | 353,308 | 281,900 | 242,693 | ||
| Accumulated other comprehensive income (loss) | (318) | 83 | 145 | (40) | (99) | (57) | (29) | ||
| Accumulated deficit | (649,753) | (542,030) | (431,952) | (391,256) | (313,102) | (269,540) | (222,451) | ||
| Total stockholders' equity: | 176,962 | 306,948 | 104,151 | 36,869 | 40,109 | 12,305 | 20,215 | ||
| TOTAL LIABILITIES AND EQUITY: | 479,481 | 544,195 | 259,754 | 147,558 | 136,762 | 126,373 | 92,869 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 145,085 | 117,316 | 125,568 | 106,732 | 114,905 | 86,489 | 62,667 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 72,010 | 69,134 | 56,639 | |
| Cost of revenue | (68,304) | (52,409) | (44,039) | (36,331) | (31,880) | (30,245) | (26,126) | |
| Gross profit: | 76,781 | 64,907 | 81,529 | 70,401 | 83,025 | 56,244 | 36,541 | |
| Operating expenses | (185,007) | (152,954) | (164,230) | (139,794) | (121,222) | (97,420) | (77,783) | |
| Operating loss: | (108,226) | (88,047) | (82,701) | (69,393) | (38,197) | (41,176) | (41,242) | |
| Nonoperating income (expense) | (6,861) | (21,778) | 42,274 | (7,758) | (5,161) | (5,797) | (4,173) | |
| Investment income, nonoperating | 649 | 1,744 | (5,668) | (6,100) | (5,344) | (5,282) | (3,784) | |
| Other nonoperating income (expense) | (20) | (971) | (929) | (1,658) | 183 | (515) | (389) | |
| Interest and debt expense | (7,500) | (7,143) | (842) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (122,587) | (116,968) | (40,427) | (77,993) | (43,358) | (46,973) | (45,415) | |
| Other undisclosed income from continuing operations before income taxes | 7,500 | 7,143 | 842 | |||||
| Loss from continuing operations before income taxes: | (115,087) | (109,825) | (40,427) | (77,151) | (43,358) | (46,973) | (45,415) | |
| Income tax expense | (167) | (253) | (269) | (249) | (204) | (116) | (166) | |
| Net loss available to common stockholders, diluted: | (115,254) | (110,078) | (40,696) | (77,400) | (43,562) | (47,089) | (45,581) | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (115,254) | (110,078) | (40,696) | (77,400) | (43,562) | (47,089) | (45,581) | |
| Other comprehensive income (loss) | (401) | (62) | 185 | 59 | (42) | (28) | 14 | |
| Comprehensive loss, net of tax, attributable to parent: | (115,655) | (110,140) | (40,511) | (77,341) | (43,604) | (47,117) | (45,567) | |
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.