Progenity, Inc. (PROG) financial statements (2022 and earlier)

Company profile

Business Address 4330 LA JOLLA VILLAGE DRIVE
SAN DIEGO, CA 92122
State of Incorp. DE
Fiscal Year End December 31
SIC 8071 - Medical Laboratories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments88,39792,076
Cash and cash equivalents88,39792,076
Receivables65312,682
Inventory, net of allowances, customer advances and progress billings 12,219
Inventory 12,219
Prepaid expense6,1239,116
Disposal group, including discontinued operation2,147 
Other current assets1,109245
Total current assets:98,429126,338
Noncurrent Assets
Property, plant and equipment4,01217,842
Intangible assets, net (including goodwill)6,07210,062
Goodwill6,0726,219
Intangible assets, net (excluding goodwill) 3,843
Other noncurrent assets326198
Total noncurrent assets:10,41028,102
TOTAL ASSETS:108,839154,440
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,85020,795
Accounts payable8,70917,410
Accrued liabilities1,1413,385
Deferred revenue301 
Debt 312
Derivative instruments and hedges, liabilities18,731 
Other liabilities3,0096,912
Other undisclosed current liabilities29,71844,651
Total current liabilities:61,60972,670
Noncurrent Liabilities
Long-term debt and lease obligation126,392158,932
Long-term debt, excluding current maturities126,392158,886
Finance lease, liability 46
Liabilities, other than long-term debt5,8148,667
Other liabilities5,8148,667
Other undisclosed noncurrent liabilities 21,165
Total noncurrent liabilities:132,206188,764
Total liabilities:193,815261,434
Stockholders' equity
Stockholders' equity attributable to parent(84,976)(106,994)
Common stock14659
Treasury stock, value(19,082)(18,771)
Additional paid in capital722,646452,992
Accumulated deficit(788,686)(541,274)
Total stockholders' equity:(84,976)(106,994)
TOTAL LIABILITIES AND EQUITY:108,839154,440

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
Revenues60,60974,313
Cost of revenue
(Cost of Goods and Services Sold)
 (93,433)
Other undisclosed gross profit(59,362) 
Gross profit:1,247(19,120)
Operating expenses(119,084)(176,068)
Operating loss:(117,837)(195,188)
Nonoperating income (expense)5,990(24,888)
Interest and debt expense(12,636)(9,984)
Loss from continuing operations before equity method investments, income taxes:(124,483)(230,060)
Other undisclosed loss from continuing operations before income taxes(54,157) 
Loss from continuing operations before income taxes:(178,640)(230,060)
Income tax benefit11937,532
Loss from continuing operations:(178,521)(192,528)
Income from discontinued operations68,891 
Loss before gain (loss) on sale of properties:(109,630)(192,528)
Other undisclosed net loss(137,782) 
Net loss attributable to parent:(247,412)(192,528)
Preferred stock dividends and other adjustments (268)
Net loss available to common stockholders, diluted:(247,412)(192,796)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
Net loss:(247,412)(192,528)
Comprehensive loss, net of tax, attributable to parent:(247,412)(192,528)

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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