Ra Medical Systems, Inc. (RMED) financial statements (2022 and earlier)

Company profile

Business Address 2070 LAS PALMAS DRIVE
CARLSBAD, CA 92011
State of Incorp.
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:15,04523,90630,60064,315
Cash and cash equivalents15,04523,90614,58464,315
Other undisclosed cash, cash equivalents, and short-term investments  16,016 
Receivables212387861,320
Inventory, net of allowances, customer advances and progress billings9862,2182,7772,097
Inventory9862,2182,7772,097
Other undisclosed current assets1,0371,2581,8371,501
Total current assets:17,08927,62036,00069,233
Noncurrent Assets
Operating lease, right-of-use asset2,1102,4842,835
Property, plant and equipment1,8093,2115,0504,757
Other noncurrent assets3612319645
Total noncurrent assets:3,9555,8188,0814,802
TOTAL ASSETS:21,04433,43844,08174,035
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,1074,9194,1743,934
Accounts payable9885711,5321,125
Accrued liabilities4,1194,3482,6422,809
Deferred revenue 1,8012,029
Debt 421318 
Contract with customer, liability1,723
Other undisclosed current liabilities283621293293
Total current liabilities:5,3907,7626,8145,950
Noncurrent Liabilities
Long-term debt and lease obligation1,9812,2642,620 
Operating lease, liability1,9812,2642,620
Liabilities, other than long-term debt 6861,232823
Deferred revenue 6861,232
Contract with customer, liability767
Other liabilities   56
Other undisclosed noncurrent liabilities(1,981)1,579265557
Total noncurrent liabilities:1,9814,5294,1171,380
Total liabilities:7,37112,29110,9317,330
Stockholders' equity
Stockholders' equity attributable to parent13,67321,14733,15066,705
Common stock8711
Additional paid in capital191,937174,342150,280126,925
Accumulated other comprehensive income  26 
Accumulated deficit(178,272)(153,202)(117,157)(60,221)
Total stockholders' equity:13,67321,14733,15066,705
TOTAL LIABILITIES AND EQUITY:21,04433,43844,08174,035

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues224,4057,1996,257
Cost of revenue
(Cost of Goods and Services Sold)
(1,560)(5,482)(8,850)(4,206)
Gross profit:(1,538)(1,077)(1,651)2,051
Operating expenses(27,728)(34,982)(56,079)(33,211)
Operating loss:(29,266)(36,059)(57,730)(31,160)
Nonoperating income2,00921788338
Investment income, nonoperating 1291,038352
Interest and debt expense2,023(108)(250)(14)
Loss from continuing operations before equity method investments, income taxes:(25,234)(36,146)(57,192)(30,836)
Other undisclosed income (loss) from continuing operations before income taxes(2,023)10825014
Loss from continuing operations before income taxes:(27,257)(36,038)(56,942)(30,822)
Income tax expense(4)(7)(15)(10)
Loss from continuing operations:(27,261)(36,045)(56,957)(30,832)
Income from discontinued operations2,191   
Net loss available to common stockholders, diluted:(25,070)(36,045)(56,957)(30,832)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(25,070)(36,045)(56,957)(30,832)
Other comprehensive income (loss) (26)26 
Comprehensive loss, net of tax, attributable to parent:(25,070)(36,071)(56,931)(30,832)

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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