Ontrak, Inc. (OTRK) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
2200 PASEO VERDE PARKWAY HENDERSON, NV 89052 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 809 - Miscellaneous Health And Allied Services, Not (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,032 | 58,824 | 86,907 | 13,610 | 3,091 | 4,779 | |||
| Cash and cash equivalents | 5,032 | 58,824 | 86,907 | 13,610 | 3,091 | 4,779 | |||
| Restricted cash and investments | 4,477 | 6,716 | 9,127 | ||||||
| Receivables | 973 | 5,938 | 16,682 | 3,615 | 1,382 | 511 | |||
| Contract with customer, asset, after allowance for credit loss | 453 | 3,235 | 4,426 | 2,093 | ✕ | ||||
| Capitalized contract cost | 156 | 600 | 2,352 | ✕ | |||||
| Other undisclosed current assets | 3,168 | 5,019 | 4,144 | 1,074 | 1,013 | 366 | |||
| Total current assets: | 14,259 | 80,332 | 123,638 | 20,392 | 5,486 | 5,656 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 66 | 186 | 721 | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 632 | 656 | 1,959 | 2,400 | ✕ | ✕ | |||
| Property, plant and equipment | 150 | 263 | 612 | ||||||
| Intangible assets, net (including goodwill) | 6,838 | 8,059 | 9,288 | ||||||
| Goodwill | 5,713 | 5,713 | 5,727 | ||||||
| Intangible assets, net (excluding goodwill) | 1,125 | 2,346 | 3,561 | ||||||
| Capitalized contract cost, net | 112 | ✕ | |||||||
| Restricted cash and investments | 204 | 406 | 7,176 | 408 | 408 | ||||
| Other noncurrent assets | 1,326 | 444 | 367 | 166 | 336 | ||||
| Other undisclosed noncurrent assets | 2,432 | 3,599 | 1,552 | 393 | |||||
| Total noncurrent assets: | 11,498 | 13,350 | 21,063 | 3,463 | 837 | 948 | |||
| TOTAL ASSETS: | 25,757 | 93,682 | 144,701 | 23,855 | 6,323 | 6,604 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 8,490 | 9,297 | 15,022 | 7,085 | 3,535 | 2,735 | |||
| Employee-related liabilities | ✕ | ✕ | 2,343 | 4,723 | 3,640 | 1,537 | 1,177 | ||
| Accounts payable | 1,927 | 1,001 | 1,287 | 1,385 | 497 | 980 | |||
| Accrued liabilities | 6,563 | 5,953 | 9,012 | 2,060 | 1,501 | 578 | |||
| Deferred revenue | 326 | 441 | 20,954 | 5,803 | ✕ | ✕ | |||
| Debt | 136 | 282 | 321 | 519 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,914 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 4,195 | ✕ | ||
| Other undisclosed current liabilities | 517 | 313 | 113 | 691 | |||||
| Total current liabilities: | 9,469 | 10,333 | 36,410 | 14,098 | 7,730 | 5,649 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 10,065 | 36,860 | 47,540 | 33,666 | 7,472 | 2 | |||
| Long-term debt, excluding current maturities | 10,065 | 35,792 | 45,719 | 31,597 | 7,472 | ||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 2 | |||
| Finance lease, liability | 136 | 418 | 233 | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 546 | 934 | 25 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 25 | ||
| Other liabilities | 934 | ||||||||
| Operating lease, liability | 546 | 932 | 1,403 | 1,836 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (1,403) | 86 | 30 | ||||||
| Total noncurrent liabilities: | 10,611 | 37,794 | 47,540 | 33,666 | 7,558 | 57 | |||
| Total liabilities: | 20,080 | 48,127 | 83,950 | 47,764 | 15,288 | 5,706 | |||
| Equity | |||||||||
| Equity, attributable to parent | 5,677 | 45,555 | 60,751 | (23,909) | (8,965) | 898 | |||
| Common stock | 3 | 2 | 2 | 2 | 2 | 2 | |||
| Additional paid in capital | 448,415 | 436,721 | 414,773 | 307,403 | 296,688 | 294,220 | |||
| Accumulated deficit | (442,741) | (391,168) | (354,024) | (331,314) | (305,655) | (293,324) | |||
| Total equity: | 5,677 | 45,555 | 60,751 | (23,909) | (8,965) | 898 | |||
| TOTAL LIABILITIES AND EQUITY: | 25,757 | 93,682 | 144,701 | 23,855 | 6,323 | 6,604 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 14,514 | 84,133 | 82,837 | 35,095 | 15,177 | 7,717 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,717 | |
| Cost of revenue (Cost of Goods and Services Sold) | (7,461) | (31,214) | (43,603) | (20,408) | (11,119) | (6,391) | ||
| Gross profit: | 7,053 | 52,919 | 39,234 | 14,687 | 4,058 | 1,326 | ||
| Operating expenses | (51,170) | (80,900) | (54,157) | (34,701) | (28,802) | (18,448) | ||
| Other undisclosed operating income | 11,119 | 6,391 | ||||||
| Operating loss: | (44,117) | (27,981) | (14,923) | (20,014) | (13,625) | (10,731) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (3,461) | (1,013) | (1,213) | (2,538) | 40 | 132 | ||
| Interest and debt expense | (3,907) | (7,997) | (7,219) | (3,047) | (570) | (3,409) | ||
| Loss from continuing operations before equity method investments, income taxes: | (51,485) | (36,991) | (23,355) | (25,599) | (14,155) | (14,008) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (56) | 409 | ||||||
| Loss from continuing operations before income taxes: | (51,485) | (36,991) | (23,355) | (25,599) | (14,211) | (13,599) | ||
| Income tax expense (benefit) | (88) | (153) | 645 | (1) | (6) | |||
| Loss from continuing operations: | (51,573) | (37,144) | (22,710) | (25,599) | (14,212) | (13,605) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (37,144) | (22,710) | (25,599) | (14,212) | (13,605) | ||
| Net loss: | (51,573) | (37,144) | (22,710) | (25,599) | (14,212) | (13,605) | ||
| Other undisclosed net loss attributable to parent | (60) | |||||||
| Net loss attributable to parent: | (51,573) | (37,144) | (22,710) | (25,659) | (14,212) | (13,605) | ||
| Preferred stock dividends and other adjustments | (8,954) | (8,954) | (1,987) | |||||
| Net loss available to common stockholders, diluted: | (60,527) | (46,098) | (24,697) | (25,659) | (14,212) | (13,605) | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (51,573) | (37,144) | (22,710) | (25,599) | (14,212) | (13,605) | ||
| Comprehensive loss, net of tax, attributable to parent: | (51,573) | (37,144) | (22,710) | (25,599) | (14,212) | (13,605) | ||
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.