PolarityTE, Inc. (PTE) financial statements (2021 and earlier)

Company profile

Business Address 1960 S. 4250 WEST
SALT LAKE CITY, UT 84104
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 millions)

12/31/2020
12/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:262671187177
Cash and cash equivalents261071187177
Short-term investments 19     
Other undisclosed cash, cash equivalents, and short-term investments (3)     
Receivables4210002
Inventory, net of allowances, customer advances and progress billings100   1
Inventory100   1
Prepaid expense   0000
Advances on inventory purchases    000
Other current assets   0   
Other undisclosed current assets1510001
Total current assets:3132731871811
Noncurrent Assets
Operating lease, right-of-use asset25
Property, plant and equipment1115132000
Long-term investments and receivables   0   
Accounts and financing receivable, after allowance for credit loss   0   
Intangible assets, net (including goodwill)111   1
Goodwill000    
Intangible assets, net (excluding goodwill)111   1
Other noncurrent assets010    
Other undisclosed noncurrent assets      (1)
Total noncurrent assets:1421152000
TOTAL ASSETS:4654882071811
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4742124
Accounts payable1220001
Accrued liabilities1211110
Employee-related liabilities0111011
Other undisclosed accounts payable and accrued liabilities22 0  2
Deferred revenue00
Debt211    
Other liabilities220    
Other undisclosed current liabilities  014001
Total current liabilities:810515126
Noncurrent Liabilities
Long-term debt and lease obligation451    
Long-term debt, excluding current maturities221    
Finance lease, liability1 
Operating lease, liability13
Other undisclosed noncurrent liabilities4 0    
Total noncurrent liabilities:1051    
Total liabilities:1815615126
Temporary equity, carrying amount   5   
Stockholders' equity
Stockholders' equity attributable to parent27398205166
Preferred stock   1101011 
Common stock0000000
Additional paid in capital505474406149123128125
Accumulated other comprehensive income 0     
Accumulated deficit(478)(435)(324)(259)(128)(124)(120)
Total stockholders' equity:27398205166
TOTAL LIABILITIES AND EQUITY:4654882071811

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

12/31/2020
12/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Revenues1062 2734
Cost of revenue(4)(2)(1) (0)(3)(29)
Cost of goods and services sold(4)(2)(1) (0)(3)(30)
Financial services costs   (5)
Gross profit:631 136
Operating expenses(52)(97)(70)(131)(6)(7)(19)
Operating loss:(46)(93)(69)(131)(5)(4)(13)
Nonoperating income (expense)31   0(1)
Investment income, nonoperating3    0 
Foreign currency transaction loss, before tax      (1)
Other nonoperating income01     
Interest and debt expense(0)(0)  0(0)(0)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (2)
Loss from continuing operations before equity method investments, income taxes:(43)(93)(69)(131)(5)(4)(16)
Loss from equity method investments      (4)
Other undisclosed income (loss) from continuing operations before income taxes 04 0(0) 
Loss from continuing operations before income taxes:(43)(92)(66)(131)(5)(4)(20)
Income tax expense (benefit) 28(0) 0(0)(0)
Loss from continuing operations:(43)(65)(66)(131)(5)(4)(20)
Loss from discontinued operations   (0)   
Net loss:(43)(65)(66)(131)(5)(4)(20)
Other undisclosed net income (loss) attributable to parent(0)(28)10(0) 4
Net loss attributable to parent:(43)(92)(65)(131)(5)(4)(16)
Preferred stock dividends and other adjustments    (6)(2) 
Other undisclosed net loss available to common stockholders, basic  (9)(0)   
Net loss available to common stockholders, diluted:(43)(92)(74)(131)(11)(6)(16)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Net loss:(43)(65)(66)(131)(5)(4)(20)
Other comprehensive income (loss)0(0)    1
Comprehensive loss:(43)(65)(66)(131)(5)(4)(19)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(28)    4
Comprehensive loss, net of tax, attributable to parent:(43)(92)(66)(131)(5)(4)(16)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: