Quotient Limited (QTNT) financial statements (2022 and earlier)

Company profile

Business Address 28 ESPLANADE
SAINT HELIER, JE2 3QA
State of Incorp.
Fiscal Year End March 31
SIC 2835 - In Vitro and In Vivo Diagnostic Substances (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:103,800111,700120,80094,80025,50020,800
Cash and cash equivalents85,06045,6733,9234,09620,1654,754
Short-term investments18,71965,999116,87190,7295,66916,057
Other undisclosed cash, cash equivalents, and short-term investments21286(25)(334)(11)
Restricted cash and investments    320305
Receivables6,1465,3235,4023,3482,8622,556
Inventory, net of allowances, customer advances and progress billings22,75922,01120,50115,55116,27813,636
Inventory22,75922,01120,50115,55116,27813,636
Other undisclosed current assets6,7504,8423,7693,2277,0793,335
Total current assets:139,455143,876150,472116,92652,03940,632
Noncurrent Assets
Operating lease, right-of-use asset20,40522,01121,493
Property, plant and equipment34,95039,07140,16547,29360,15663,530
Intangible assets, net (including goodwill)553619625751914769
Intangible assets, net (excluding goodwill)553619625751914769
Restricted cash and investments8,3099,0249,0177,507  
Deferred income tax assets240255237
Other noncurrent assets4,8644,9564,4544,6885,043 
Other undisclosed noncurrent assets   6055,6895,040
Total noncurrent assets:69,32175,93675,99160,84471,80269,339
TOTAL ASSETS:208,776219,812226,463177,770123,841109,971
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,33229,81026,53223,74223,22722,780
Accounts payable5,6136,3816,5507,2736,71311,714
Accrued liabilities3,5323,0774,4233,6926,5902,785
Employee-related liabilities7,15512,3437,2106,1495,3123,641
Taxes payable  293   
Interest and dividends payable4,0328,0098,0566,6284,6124,640
Debt61725,0023,6314715151,374
Deferred rent credit   435
Other undisclosed current liabilities3,2264,6479948013,3095,574
Total current liabilities:24,17559,45931,15725,44927,05129,728
Noncurrent Liabilities
Long-term debt and lease obligation20,50121,352166,031120,86585,42284,174
Long-term debt, excluding current maturities  145,000120,00084,00084,000
Finance lease, liability4084451,117
Capital lease obligations8651,422174
Operating lease, liability20,09320,90719,914
Liabilities, other than long-term debt61,04029,52326,77827,8876,1685,337
Deferred rent credit   1,144
Deferred income tax liabilities2,2161,152 
Liability, pension and other postretirement and postemployment benefits7,5776,8966,3537,3686,1685,337
Financial instruments subject to mandatory redemption, settlement terms, share value, amount22,26321,47520,42519,375  
Derivative instruments and hedges, liabilities28,984     
Other undisclosed noncurrent liabilities228,670145,0598,0241,85519,83114,823
Total noncurrent liabilities:310,211195,934200,833150,607111,421104,334
Total liabilities:334,386255,393231,990176,056138,472134,062
Stockholders' equity
Stockholders' equity attributable to parent, including:(125,610)(35,581)(5,527)1,714(14,631)(24,091)
Common stock540,732540,813459,931368,958  
Additional paid in capital45,11738,11633,13228,66523,70815,885
Accumulated other comprehensive loss(12,329)(14,598)(15,155)(14,884)(16,634)(19,292)
Accumulated deficit(699,130)(599,912)(483,435)(381,025)(275,639)(193,301)
Other undisclosed stockholders' equity attributable to parent    253,934172,617
Total stockholders' equity:(125,610)(35,581)(5,527)1,714(14,631)(24,091)
TOTAL LIABILITIES AND EQUITY:208,776219,812226,463177,770123,841109,971

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Revenues37,81743,37932,65629,13424,73222,227
Revenue, net24,73222,227
Cost of revenue(22,870)(20,074)(17,800)(17,230)(10,471)(10,844)
Gross profit:14,94723,30514,85611,90414,26111,383
Operating expenses(113,887)(106,002)(95,547)(90,859)(84,249)(85,442)
Operating loss:(98,940)(82,697)(80,691)(78,955)(69,988)(74,059)
Nonoperating expense(23,659)(27,081)(21,421)(26,387)(12,999)(11,010)
Other nonoperating income (expense)(1,114)2,7232,438(6,369)2,366(1,107)
Interest and debt expense (12,965)(7,043)(5,908)(4,359)(6,774)
Loss from continuing operations before equity method investments, income taxes:(122,599)(122,743)(109,155)(111,250)(87,346)(91,843)
Other undisclosed income from continuing operations before income taxes 12,9657,0435,9084,3596,774
Loss from continuing operations before income taxes:(122,599)(109,778)(102,112)(105,342)(82,987)(85,069)
Income tax expense (benefit)(1,017)(1,254)(661)(44)649 
Net loss available to common stockholders, basic:(123,616)(111,032)(102,773)(105,386)(82,338)(85,069)
Other undisclosed net loss available to common stockholders, diluted(6,753)     
Net loss available to common stockholders, diluted:(130,369)(111,032)(102,773)(105,386)(82,338)(85,069)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Net loss:(123,616)(111,032)(102,773)(105,386)(82,338)(85,069)
Other comprehensive income (loss)2,268(1,926)(271)1,7502,658(6,669)
Comprehensive loss, net of tax, attributable to parent:(121,348)(112,958)(103,044)(103,636)(79,680)(91,738)

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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