Otonomy, Inc. (OTIC) financial statements (2022 and earlier)

Company profile

Business Address 4796 EXECUTIVE DRIVE
SAN DIEGO, CA 92121
State of Incorp. DE
Fiscal Year End December 31
SIC 2834 - Pharmaceutical Preparations (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, including:77,40086,30060,70097,300120,000196,400184,800
Cash and cash equivalents77,41230,76725,19433,63318,45624,156158,664
Short-term investments 55,57635,47663,651101,548172,22226,172
Other undisclosed cash, cash equivalents, and short-term investments(12)(43)3016(4)22(36)
Receivables  4810810791 
Inventory, net of allowances, customer advances and progress billings 227  61,435 
Inventory 227  61,435 
Prepaid expense 2,1452,2232,4191,5992,1551,295
Other undisclosed current assets3,068431792427332,1392,060
Total current assets:80,46888,71563,150100,069122,445202,220188,155
Noncurrent Assets
Operating lease, right-of-use asset12,69614,08215,465
Property, plant and equipment1,7712,7663,7023,9964,6794,9773,094
Restricted cash and investments7027027016961,158697695
Other noncurrent assets   231827021,086
Total noncurrent assets:15,16917,55019,8684,9235,9196,3764,875
TOTAL ASSETS:95,637106,26583,018104,992128,364208,596193,030
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,8787,7299,1967,4528,14915,19511,190
Accounts payable1,0908491,1611,0299611,2923,450
Accrued liabilities4,3382,9535,4423,7883,8819,0644,551
Employee-related liabilities3,4503,9272,5932,6353,3074,8393,189
Debt91183,302    
Deferred rent credit   38
Deferred revenue and credits4238101
Other undisclosed current liabilities3,3643,247     
Total current liabilities:12,33310,99412,4987,4908,19115,23311,291
Noncurrent Liabilities
Long-term debt and lease obligation15,99715,15830,28714,764   
Long-term debt, excluding current maturities15,99715,15814,96714,764   
Finance lease, liability  14
Operating lease, liability  15,306
Liabilities, other than long-term debt   3,0012,894626205
Deferred revenue and credits2,894626205
Deferred rent credit   3,001
Other undisclosed noncurrent liabilities12,40013,847     
Total noncurrent liabilities:28,39729,00530,28717,7652,894626205
Total liabilities:40,73039,99942,78525,25511,08515,85911,496
Stockholders' equity
Stockholders' equity attributable to parent54,90766,26640,23379,737117,279192,737181,534
Common stock57483131313024
Additional paid in capital610,655570,841500,084494,947482,198467,468345,647
Accumulated other comprehensive income (loss) 111(23)(100)(41) 
Accumulated deficit(555,805)(504,624)(459,893)(415,218)(364,850)(274,720)(164,137)
Total stockholders' equity:54,90766,26640,23379,737117,279192,737181,534
TOTAL LIABILITIES AND EQUITY:95,637106,26583,018104,992128,364208,596193,030

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
Revenues1252736007451,236683 
Revenue, net1,236683 
Cost of revenue
(Cost of Goods and Services Sold)
(370)(1,188)(912)(946)(1,500)(300) 
Gross profit:(245)(915)(312)(201)(264)383 
Operating expenses(49,380)(42,572)(44,495)(51,852)(92,637)(112,164)(61,976)
Other undisclosed operating income    1,500300 
Operating loss:(49,625)(43,487)(44,807)(52,053)(91,401)(111,481)(61,976)
Nonoperating income (expense)(1,556)(1,244)1321,6851,271898308
Other nonoperating expense     (1)(111)
Interest and debt expense(1,599)(1,570)(1,591)(4)   
Loss before gain (loss) on sale of properties:(52,780)(46,301)(46,266)(50,372)(90,130)(110,583)(61,668)
Other undisclosed net income1,5991,5701,5914   
Net loss available to common stockholders, diluted:(51,181)(44,731)(44,675)(50,368)(90,130)(110,583)(61,668)

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:(51,181)(44,731)(44,675)(50,368)(90,130)(110,583)(61,668)
Comprehensive loss:(51,181)(44,731)(44,675)(50,368)(90,130)(110,583)(61,668)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(10)3477(59)(41) 
Comprehensive loss, net of tax, attributable to parent:(51,182)(44,741)(44,641)(50,291)(90,189)(110,624)(61,668)

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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