Surgalign Holdings, Inc. (SRGA) financial statements (2022 and earlier)

Company profile

Business Address 520 LAKE COOK ROAD, SUITE 315
State of Incorp. DE
Fiscal Year End December 31
SIC 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments51,287 5,60810,949
Cash and cash equivalents51,287 5,60810,949
Receivables24,813 62,09152,016
Inventory, net of allowances, customer advances and progress billings26,204 124,149107,655
Inventory26,204 124,149107,655
Prepaid expense2,553 1,8652,013
Other current assets  2,1012,480
Other undisclosed current assets815   
Total current assets:105,672 195,814175,113
Noncurrent Assets
Inventory, Noncurrent10,212 6,637 
Property, plant and equipment945 69,89077,954
Intangible assets, net (including goodwill)  65,87685,355
Goodwill  55,38459,798
Intangible assets, net (excluding goodwill)  10,49225,557
Other noncurrent assets6,970 6,2924,003
Other undisclosed noncurrent assets   17,760
Total noncurrent assets:18,127 148,695185,072
TOTAL ASSETS:123,799 344,509360,185
Current Liabilities
Accounts payable and accrued liabilities28,457 63,46352,084
Accounts payable10,204 30,12626,219
Accrued liabilities17,769 33,33725,865
Taxes payable484   
Deferred revenue  2,748
Debt  174,177 
Business combination, contingent consideration, liability25,585   
Other undisclosed current liabilities   4,908
Total current liabilities:54,042 240,38856,992
Noncurrent Liabilities
Long-term debt and lease obligation, including:947  49,073
Operating lease, liability947  
Other undisclosed long-term debt and lease obligation   49,073
Liabilities, other than long-term debt13,158 2,017633
Due to related parties9,982   
Other liabilities3,176 2,017633
Other undisclosed noncurrent liabilities37,409 1,1305,730
Total noncurrent liabilities:51,514 3,14755,436
Total liabilities:105,556 243,535112,428
Temporary equity, carrying amount10,006   
Stockholders' equity
Stockholders' equity attributable to parent8,237 34,564181,531
Common stock147 7564
Treasury stock, value(5,852) (5,141)(4,869)
Additional paid in capital585,375 498,438433,143
Accumulated other comprehensive loss(1,820) (7,629)(7,270)
Accumulated deficit(569,613) (451,179)(239,537)
Other undisclosed stockholders' equity  66,41066,226
Total stockholders' equity:8,237 100,974247,757
TOTAL LIABILITIES AND EQUITY:123,799 344,509360,185

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

Revenues90,500 308,384280,362
Cost of revenue
(Cost of Goods and Services Sold)
(29,775) (137,259)(140,719)
Gross profit:60,725 171,125139,643
Operating expenses(201,940) (352,981)(143,955)
Other operating income, net3,932   
Operating loss:(137,283) (181,856)(4,312)
Nonoperating income (expense)13,491 (12,549)(3,079)
Interest and debt expense  (12,571)(309)
Loss from continuing operations before equity method investments, income taxes:(123,792) (206,976)(7,700)
Other undisclosed income from continuing operations before income taxes  12,571309
Loss from continuing operations before income taxes:(123,792) (194,405)(7,391)
Income tax expense (benefit)886 (17,237)4,268
Loss from continuing operations:(122,906) (211,642)(3,123)
Loss from discontinued operations(3,642)   
Loss before gain (loss) on sale of properties:(126,548) (211,642)(3,123)
Other undisclosed net income  423,284 
Net income (loss):(126,548) 211,642(3,123)
Net income attributable to noncontrolling interest41,897   
Other undisclosed net loss attributable to parent  (423,284) 
Net loss attributable to parent:(84,651) (211,642)(3,123)
Preferred stock dividends and other adjustments   (2,120)
Net loss available to common stockholders, diluted:(84,651) (211,642)(5,243)

Comprehensive Income ($ in thousands)

Net income (loss):(126,548) 211,642(3,123)
Comprehensive income (loss):(126,548) 211,642(3,123)
Comprehensive income, net of tax, attributable to noncontrolling interest41,897   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent596 (423,635)(3,061)
Comprehensive loss, net of tax, attributable to parent:(84,055) (211,993)(6,184)

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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