Genmark diagnostics, inc. (GNMK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue:
Product revenue

38,685

27,078

20,822

18,220

21,371

-

15,713

14,867

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales Revenue, Goods, Net

-

-

-

-

-

-

-

-

20,576

-

11,552

12,291

12,470

14,803

10,727

12,425

10,959

13,085

8,382

7,550

10,012

9,735

6,233

6,494

7,866

6,577

4,521

5,138

10,968

9,335

5,194

3,562

2,120

1,935

1,206

866

693

656

523

Other revenue

57

118

96

154

162

53

82

74

69

75

51

68

65

82

86

87

105

101

90

96

95

91

67

61

47

-126

116

77

133

107

62

50

39

99

110

35

65

28

142

Total revenue

38,742

27,196

20,918

18,374

21,533

19,378

15,795

14,941

20,645

16,022

11,603

12,359

12,535

14,885

10,813

12,512

11,064

13,186

8,472

7,646

10,107

9,826

6,300

6,555

7,913

6,451

4,637

5,215

11,101

9,442

5,256

3,612

2,159

2,034

1,316

901

758

684

665

Cost of revenue

22,590

18,079

13,868

11,801

15,670

14,106

10,165

10,527

16,480

11,287

7,400

7,475

6,352

6,243

4,362

4,720

4,375

4,688

3,352

3,286

3,991

3,827

2,609

3,100

3,591

3,197

4,138

3,201

5,034

4,761

3,027

2,165

1,687

1,626

1,785

1,294

1,501

1,123

749

Gross profit

16,152

9,117

7,050

6,573

5,863

5,272

5,630

4,414

4,165

4,735

4,203

4,884

6,183

8,642

6,451

7,792

6,689

8,498

5,120

4,360

6,116

5,999

3,691

3,455

4,322

3,254

499

2,014

6,067

4,681

2,229

1,447

472

408

-469

-393

-743

-439

-84

Operating expenses:
Sales and marketing

6,140

6,127

6,279

5,803

5,909

5,813

5,375

5,187

5,402

5,584

5,121

5,159

4,693

4,502

3,223

3,300

3,709

3,401

3,587

3,704

3,693

3,112

3,159

3,379

2,979

2,987

4,916

2,556

2,359

2,115

1,485

1,360

1,418

1,202

1,328

1,220

1,219

1,173

1,285

General and administrative

8,938

4,942

4,765

4,931

4,521

4,147

4,718

4,547

4,133

4,651

3,565

3,978

4,011

3,841

3,227

3,876

3,419

3,378

3,061

3,662

3,671

3,018

2,900

3,218

2,933

4,263

2,476

2,539

2,558

3,061

2,510

2,648

2,587

2,622

2,405

1,810

2,123

1,603

2,015

Research and development

6,079

6,754

6,294

7,749

6,343

5,924

6,105

10,482

5,420

8,463

10,248

13,014

11,035

12,357

11,628

13,204

12,269

10,180

9,589

8,924

8,779

8,526

7,904

8,123

7,270

6,275

5,398

5,006

5,381

4,100

4,467

3,020

1,949

1,978

1,903

2,292

2,564

1,709

1,757

Total operating expenses

21,157

17,823

17,338

18,483

16,773

15,884

16,198

20,216

14,955

18,698

18,934

22,151

19,739

20,700

18,078

20,380

19,397

16,959

16,237

16,290

16,143

14,656

13,963

14,720

13,182

13,525

12,790

10,101

10,298

9,276

8,462

7,028

5,954

5,802

5,636

5,322

5,906

4,485

5,057

Loss from operations

-5,005

-8,706

-10,288

-11,910

-10,910

-10,612

-10,568

-15,802

-10,790

-13,963

-14,731

-17,267

-13,556

-12,058

-11,627

-12,588

-12,708

-8,461

-11,117

-11,930

-10,027

-8,657

-10,272

-11,265

-8,860

-10,271

-12,291

-8,087

-4,231

-4,595

-6,233

-5,581

-5,482

-5,394

-6,105

-5,715

-6,649

-4,924

-5,141

Other income (expense):
Interest income

132

74

126

179

133

134

188

202

187

208

247

54

52

78

43

26

29

26

30

33

36

39

45

74

86

-11

203

136

75

-

5

6

-

-

-

-

-

-

-

Interest expense

2,091

1,630

1,527

1,528

1,276

862

661

797

788

771

1,009

755

507

1,427

-476

308

277

273

289

245

73

3

14

2

1

2

3

7

7

24

21

25

20

-

-

-

-

-

-

Other expense

-29

11

-19

-4

-11

-143

53

-90

-12

22

76

56

95

-167

16

-42

33

-59

-14

-11

217

27

-33

2

-2

-335

1,297

-60

-5

0

-2

10

-24

7

-180

174

18

-

-

Interest (expense) income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29

-27

-

7

4

Total other expense

-1,988

-1,545

-1,420

-1,353

-1,154

-871

-420

-685

-613

-541

-686

-645

-360

-564

-417

-324

-215

-306

-273

-223

180

63

-2

74

83

-348

1,497

69

63

7

-18

-9

-44

-

-209

147

-

7

4

Loss before provision for income taxes

-6,993

-10,251

-11,708

-13,263

-12,064

-11,483

-10,988

-16,487

-11,403

-14,504

-15,417

-17,912

-13,916

-12,622

-12,044

-12,912

-12,923

-8,767

-11,390

-12,153

-9,847

-8,594

-10,274

-11,191

-8,777

-10,619

-10,794

-8,018

-4,168

-4,588

-6,251

-5,590

-5,526

-5,405

-6,314

-5,568

-6,631

-4,917

-5,137

Income tax expense

15

36

-33

45

16

80

5

34

20

32

-9

77

1

84

-14

-5

35

15

4

-1

22

18

-616

19

6

13

23

1

7

105

1

10

32

54

-1

-12

11

-

-

Net loss

-7,008

-10,287

-11,675

-13,308

-12,080

-11,563

-10,993

-16,521

-11,423

-14,536

-15,408

-17,989

-13,917

-12,678

-12,058

-12,907

-12,958

-8,782

-11,394

-12,152

-9,869

-8,612

-9,658

-11,210

-8,783

-10,632

-10,817

-8,019

-4,175

-4,693

-6,252

-5,600

-5,558

-5,435

-6,313

-5,580

-6,642

-4,917

-5,137

Net loss per share, basic and diluted

-0.12

-0.18

-0.20

-0.23

-0.21

-0.20

-0.20

-0.30

-0.21

-0.26

-0.28

-0.37

-0.30

-0.28

-0.27

-0.30

-0.30

-0.20

-0.27

-0.29

-0.24

-0.22

-0.23

-0.27

-0.21

-0.27

-0.30

-0.25

-0.13

-0.10

-0.20

-0.26

-0.28

-0.19

-0.31

-0.39

-0.56

-0.42

-0.60

Weighted average number of shares outstanding, basic and diluted

60,666

58,942

57,718

57,171

56,581

56,077

55,847

55,547

55,205

55,037

54,726

48,067

46,846

46,487

44,377

42,864

42,672

42,451

42,312

42,091

41,774

41,566

41,446

41,293

41,079

41,299

35,987

31,891

31,835

31,852

31,751

21,163

20,094

-

20,043

-

-

-

-

Weighted average number of shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,366

11,771

11,724

8,539

Net loss

-7,008

-10,287

-11,675

-13,308

-12,080

-11,563

-10,993

-16,521

-11,423

-14,536

-15,408

-17,989

-13,917

-12,678

-12,058

-12,907

-12,958

-8,782

-11,394

-12,152

-9,869

-8,612

-9,658

-11,210

-8,783

-10,632

-10,817

-8,019

-4,175

-4,693

-6,252

-5,600

-5,558

-5,435

-6,313

-5,580

-6,642

-4,917

-5,137

Other comprehensive loss:
Foreign currency translation adjustments, net of tax

-39

48

-46

15

-6

75

-51

-14

34

-

51

3

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

56

-64

-

-

-

Net unrealized gains on marketable securities, net of tax

4

-

0

6

2

-

4

15

8

-

-9

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax

-

-

-

-

-

-

-

-

-

-

42

-17,985

-16

-

20

-5

-17

-

-4

1

-17

-

-3

26

12

-

21

-5

-4

-

0

0

-

-

-

-

-

-

-

Foreign currency translation adjustments, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

91

-

-4

-34

47

-

-1

0

9

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive loss

-35

25,028

-11,721

-13,287

-4

39,012

-11,040

-16,520

-11,381

-

-15,366

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income/(loss)

-

-

-

-

-

-

-

-

-

-

-

-

75

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Total comprehensive loss

-7,043

-35,225

-46

21

-12,084

-50,425

-47

1

42

-

-

-

-13,842

-12,619

-12,042

-12,946

-12,928

-8,731

-11,399

-12,151

-9,877

-

-9,661

-11,184

-8,771

-10,648

-10,796

-8,024

-4,179

-4,693

-6,252

-5,600

-5,558

-5,413

-6,257

-5,644

-6,642

-4,917

-5,137