OptimizeRx Corporation (OPRX) financial statements (2022 and earlier)

Company profile

Business Address 400 WATER ST., STE. 200
ROCHESTER, MI 48307
State of Incorp. NV
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (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 investments84,68210,51718,8538,9145,1237,0358,208
Cash and cash equivalents84,68210,51718,8538,9145,1237,0358,208
Receivables24,80117,8867,4186,4583,4313,0602,847
Prepaid expense5,6314,4578715912558171
Total current assets:115,11332,85927,14215,9638,80910,17611,126
Noncurrent Assets
Operating lease, right-of-use asset329446560
Property, plant and equipment14414917614916717410
Intangible assets, net (including goodwill)25,38726,86122,4428,938639772833
Goodwill14,74014,74014,7403,679   
Intangible assets, net (excluding goodwill)10,64712,1217,7025,259639772833
Other undisclosed noncurrent assets13136,3195149357346
Total noncurrent assets:25,87227,46929,4979,0929551,3031,189
TOTAL ASSETS:140,98560,32856,63925,0559,76411,47912,314
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5103,0392,2941,7121,411657219
Accounts payable607618493411457369212
Accrued liabilities2,9032,4201,8011,3019542887
Deferred revenue1,390286580
Debt  115    
Derivative instruments and hedges, liabilities 286     
Due to related parties      570
Business combination, contingent consideration, liability 1,611 2,365   
Deferred revenue and credits507387227
Other undisclosed current liabilities4,4694,8073,1181541,6252,6232,356
Total current liabilities:9,36910,0286,1084,2313,5433,6673,372
Noncurrent Liabilities
Long-term debt and lease obligation237326449    
Operating lease, liability237326449
Other undisclosed noncurrent liabilities(237)(326)5,2202,365   
Total noncurrent liabilities:2373265,6692,365   
Total liabilities:9,60510,35411,7766,5963,5433,6673,372
Stockholders' equity
Stockholders' equity attributable to parent, including:131,38049,97444,86218,4586,2217,8128,942
Common stock18151512293029
Additional paid in capital166,61685,59078,27248,72535,26833,74732,185
Deferred compensation equity      (14)
Accumulated deficit(35,254)(35,632)(33,425)(30,279)(30,363)(28,259)(26,720)
Warrants and rights outstanding    1,2862,2942,330
Other undisclosed stockholders' equity attributable to parent      1,132
Total stockholders' equity:131,38049,97444,86218,4586,2217,8128,942
TOTAL LIABILITIES AND EQUITY:140,98560,32856,63925,0559,76411,47912,314

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
Revenues61,29343,31324,59821,20612,1277,7517,221
Revenue, net8,431  
Cost of revenue(25,654)(19,208)(9,159)    
Other undisclosed gross profit   (9,000)(6,175)(3,411)(3,622)
Gross profit:35,63824,10515,44012,2075,9534,3403,598
Operating expenses(35,277)(26,241)(19,133)(12,027)(8,083)(5,922)(4,196)
Operating income (loss):361(2,135)(3,694)180(2,130)(1,582)(597)
Nonoperating income (expense)17(72)(347)4626422
Investment income, nonoperating   4626  
Other nonoperating income (expense)17(72)(347)    
Income (loss) from continuing operations before income taxes:378(2,207)(4,041)226(2,104)(1,539)(595)
Income tax expense (benefit)79(463)898    
Income (loss) before gain (loss) on sale of properties:457(2,670)(3,143)226(2,104)(1,539)(595)
Other undisclosed net income (loss)(79)463     
Net income (loss) available to common stockholders, diluted:378(2,207)(3,143)226(2,104)(1,539)(595)

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 income (loss):378(2,207)(3,143)226(2,104)(1,539)(595)
Comprehensive income (loss), net of tax, attributable to parent:378(2,207)(3,143)226(2,104)(1,539)(595)

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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