Synlogic, Inc. (SYBX) Financial Statements (2024 and earlier)

Company Profile

Business Address 301 BINNEY STREET
CAMBRIDGE, MA 02142
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:77,600136,600100,400119,600122,70087,000
Cash and cash equivalents15,86116,43832,50726,18411,25258,440
Short-term investments61,768112,15067,93793,387111,47728,585
Other undisclosed cash, cash equivalents, and short-term investments(29)8,012(44)29(29)(25)
Prepaid expense 1,6581,6891,3841,0381,099758
Other current assets 175311247648388298
Other undisclosed current assets349(5,291)4,81511,960151533
Total current assets:79,782133,309106,846133,246124,33888,589
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    900
Operating lease, right-of-use asset14,35613,88915,52717,263
Property, plant and equipment7,3239,08810,77613,02114,8419,783
Long-term investments and receivables  8,041 15,002  
Long-term investments  8,041 15,002  
Restricted cash and investments1,0971,0971,0971,0971,0971,097
Other noncurrent assets7346464230
Other undisclosed noncurrent assets8,3009,3099,5907,981  
Total noncurrent assets:31,08341,42736,99455,32816,00211,110
TOTAL ASSETS:110,865174,736143,840188,574140,34099,699
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,0756,3465,7686,1117,4147,502
Accounts payable1,7851,9441,9952,1652,3802,679
Accrued liabilities5,2904,4023,7733,9465,0344,823
Deferred revenue882531 544
Debt131222,208266425
Deferred rent credit     393
Deferred revenue and credits1,100
Contract with customer, liability268
Other undisclosed current liabilities4,1523,1912,531   
Total current liabilities:12,12210,0808,3018,8638,3419,027
Noncurrent Liabilities
Long-term debt and lease obligation 417,39020,27322,806210466
Capital lease obligations210466
Finance lease, liability 418 2
Liabilities, other than long-term debt16,129 131 7,6915,168
Deferred revenue and credits5,168
Deferred rent credit     7,691
Other liabilities   131   
Operating lease, liability16,12917,37220,27322,804
Other undisclosed noncurrent liabilities  (17,372)    
Total noncurrent liabilities:16,13317,39020,40422,8067,9015,634
Total liabilities:28,25527,47028,70531,66916,24214,661
Equity
Equity, attributable to parent82,610147,266115,135156,905124,09885,038
Common stock717038332516
Treasury stock, value(2,518)     
Additional paid in capital442,237438,113345,394327,900243,903156,685
Accumulated other comprehensive income (loss)(161)(45)14110(65)(9)
Accumulated deficit(357,019)(290,872)(230,311)(171,138)(119,765)(71,654)
Total equity:82,610147,266115,135156,905124,09885,038
TOTAL LIABILITIES AND EQUITY:110,865174,736143,840188,574140,34099,699

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,1801,7545452,2242,5202,444
Gross profit:1,1801,7545452,2242,5202,444
Operating expenses(68,599)(62,519)(61,011)(56,633)(53,750)(43,268)
Operating loss:(67,419)(60,765)(60,466)(54,409)(51,230)(40,824)
Nonoperating income1,2722041,2933,0362,795447
Investment income, nonoperating1,2672101,3023,0622,843504
Interest and debt expense (2)(2)(6)(21)(43)(57)
Loss from continuing operations before income taxes:(66,149)(60,563)(59,179)(51,394)(48,478)(40,434)
Income tax expense    (33) 
Loss from continuing operations:(66,149)(60,563)(59,179)(51,394)(48,511)(40,434)
Loss before gain (loss) on sale of properties:(60,563)(59,179)(51,394)(48,511)(40,434)
Other undisclosed net income 2262176 
Net loss:(66,147)(60,561)(59,173)(51,373)(48,435)(40,434)
Other undisclosed net income attributable to parent      57
Net loss available to common stockholders, diluted:(66,147)(60,561)(59,173)(51,373)(48,435)(40,377)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(66,147)(60,561)(59,173)(51,373)(48,435)(40,434)
Comprehensive loss:(66,147)(60,561)(59,173)(51,373)(48,435)(40,434)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(116)(59)(96)175(56)48
Comprehensive loss, net of tax, attributable to parent:(66,263)(60,620)(59,269)(51,198)(48,491)(40,386)

Statements Sources

The financial statements are based on the Company's filings with 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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