Nanostring technologies, inc. (NSTG)
Balance Sheet / 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'13Dec'12
Assets
Current assets:
Cash and cash equivalents

155,592

29,033

23,442

33,371

84,109

24,356

21,199

24,286

15,649

26,136

28,797

40,647

5,416

20,583

10,468

19,294

29,587

21,856

16,635

15,737

14,348

17,223

18,826

21,186

28,973

9,941

19,292

10,755

21,692

Short-term investments

112,762

127,822

105,423

112,109

58,288

69,641

73,731

26,406

44,860

51,419

61,051

58,690

51,724

53,453

43,116

37,846

27,151

27,188

28,726

36,784

41,160

55,002

48,674

58,403

56,837

32,715

32,922

-

-

Accounts receivable, net

21,217

27,153

19,542

18,999

18,081

17,279

18,530

17,387

16,301

19,564

18,288

18,482

16,728

22,193

21,041

25,238

15,528

19,725

12,903

13,217

10,465

12,436

15,266

9,074

7,429

8,331

6,792

4,779

3,322

Inventory, net

22,219

19,781

19,040

16,470

12,971

13,173

15,018

17,596

19,065

20,057

18,520

15,759

14,544

13,812

11,730

12,510

11,836

10,138

11,699

9,410

7,887

5,444

5,790

6,407

7,522

6,750

5,716

5,627

5,380

Prepaid expenses and other

5,419

8,818

10,877

9,168

8,642

7,258

7,057

5,934

5,786

4,745

6,109

5,305

3,953

3,744

4,385

3,599

3,130

3,886

4,602

6,310

5,402

5,114

4,353

4,070

3,567

2,999

2,820

2,533

1,320

Total current assets

317,209

212,607

178,324

190,117

182,091

131,707

135,535

91,609

101,661

121,921

132,765

138,883

92,365

113,785

90,740

98,487

87,232

82,793

74,565

81,458

79,262

95,219

92,909

99,140

104,328

60,736

67,542

23,694

31,714

Restricted cash

-

-

-

-

-

-

0

0

0

143

143

143

143

143

143

143

143

143

143

143

143

143

143

143

142

201

180

180

180

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

229

178

181

181

137

137

-

0

0

-

-

29

0

3,384

1,765

Property and equipment, net

21,400

20,184

14,863

14,713

14,405

15,171

15,191

14,453

14,450

14,057

13,867

13,644

13,657

12,158

10,705

10,646

10,841

9,414

7,371

7,229

6,875

6,366

5,746

5,050

3,118

3,065

3,223

3,028

3,674

Operating lease right-of-use assets

24,043

24,648

25,344

25,889

23,605

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

2,223

2,315

2,228

2,181

642

680

636

655

686

641

412

372

368

287

440

420

335

338

788

823

857

340

735

724

205

341

348

204

73

Total assets

364,875

259,754

220,759

232,900

220,743

147,558

151,362

106,717

116,797

136,762

147,187

153,042

106,533

126,373

102,257

109,874

98,732

92,869

83,004

89,790

87,137

102,068

99,533

105,057

107,793

64,372

71,293

30,490

37,406

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable

8,236

10,282

6,724

6,132

6,750

8,636

5,618

5,107

4,920

4,092

2,389

3,770

2,145

4,935

2,127

3,973

3,546

3,243

2,561

2,386

4,553

3,380

2,166

2,715

2,619

3,354

2,874

2,727

2,865

Accrued liabilities

4,543

4,973

5,632

3,703

4,840

3,705

2,937

3,801

2,505

4,507

20,047

11,609

9,117

3,494

9,917

8,738

7,629

12,181

7,348

7,287

6,598

10,403

7,755

7,038

5,437

7,088

6,419

5,689

4,481

Accrued compensation and other employee benefits

9,670

15,579

10,774

9,749

7,289

12,060

9,122

7,977

5,884

8,634

-

-

-

8,240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

4,100

6,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

6,462

7,369

5,941

8,167

10,208

9,502

6,756

8,945

-

-

-

610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, current portion

5,038

3,997

4,389

6,033

9,476

9,890

8,905

9,878

10,312

9,229

16,678

17,067

20,798

19,033

16,748

16,873

11,749

5,261

5,635

5,678

4,001

4,627

4,425

3,601

1,292

1,462

1,192

1,086

878

Deferred rent, current portion

-

-

0

0

0

657

617

582

547

512

479

444

337

13

5

172

-

0

202

297

424

147

807

716

605

590

598

610

764

Operating lease liabilities, current portion

3,877

3,766

3,690

3,517

3,413

0

-

-

-

-

0

0

26

58

92

149

190

226

259

271

271

251

251

160

6,772

6,136

4,405

2,675

2,789

Total current liabilities

35,448

44,986

37,671

36,503

37,709

43,115

37,407

36,847

30,924

35,919

39,593

32,890

32,423

36,383

28,889

29,905

23,114

20,911

16,005

15,919

15,847

18,808

15,404

14,230

16,725

18,630

15,488

12,787

11,777

Deferred revenue, net of current portion

1,049

976

876

853

1,201

1,620

3,594

3,264

3,151

3,304

5,407

11,322

20,656

22,664

26,752

27,188

20,000

6,486

6,214

6,806

7,098

7,135

7,168

3,774

756

803

604

489

362

Other long-term liabilities

0

322

246

170

109

7,558

8,143

8,263

8,384

8,499

8,584

8,669

8,763

7,655

6,192

5,853

5,725

4,257

2,273

1,995

1,350

1,317

784

991

1,168

1,313

1,502

1,684

1,903

Long-term debt, net

164,704

79,951

79,194

78,442

58,930

58,396

50,133

49,725

49,325

48,931

48,533

48,137

47,748

47,366

46,980

46,596

41,285

41,000

31,326

31,106

30,903

29,995

20,497

20,208

10,533

12,157

13,808

15,047

9,970

Operating lease liabilities, net of current portion

28,540

29,368

30,183

30,944

28,194

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,513

3,532

Total liabilities

229,741

155,603

148,170

146,912

126,143

110,689

99,277

98,099

91,784

96,653

102,117

101,018

109,590

114,068

108,813

109,542

90,124

72,654

55,818

55,826

55,198

57,255

43,853

39,203

29,182

32,903

31,402

32,520

27,544

Commitment and contingencies (Note 11)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

Mandatorily redeemable convertible preferred stock, value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

108,275

103,622

Stockholders’ equity:
Preferred stock, $0.0001 par value, 15,000 shares authorized; none issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

Common stock, $0.0001 par value, 150,000 shares authorized; 37,703 and 36,298 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

4

4

4

4

3

3

3

3

3

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

1

1

0

-

Additional paid-in capital

605,622

535,954

528,307

518,971

507,730

428,162

422,282

362,340

358,180

353,308

349,447

345,022

285,381

281,900

251,399

248,162

245,655

242,693

240,823

238,159

223,720

221,724

220,190

218,187

216,854

158,278

157,890

-

-

Accumulated other comprehensive income

84

145

217

204

21

-40

-54

-66

-112

-99

-28

-53

-48

-57

-10

27

5

-29

-4

-29

-19

-43

-21

7

9

22

5

-

-

Accumulated deficit

-470,576

-431,952

-455,939

-433,191

-413,154

-391,256

-370,146

-353,659

-333,058

-313,102

-304,351

-292,947

-288,392

-269,540

-257,947

-247,859

-237,054

-222,451

-213,635

-204,168

-191,764

-176,870

-164,491

-152,342

-138,254

-126,832

-118,005

-110,305

-93,760

Total stockholders’ equity

135,134

104,151

72,589

85,988

94,600

36,869

52,085

8,618

25,013

40,109

45,070

52,024

-3,057

12,305

-6,556

332

8,608

20,215

27,186

33,964

31,939

44,813

55,680

65,854

78,611

31,469

39,891

-110,305

-93,760

Total liabilities and stockholders’ equity

364,875

259,754

220,759

232,900

220,743

147,558

151,362

106,717

116,797

136,762

147,187

153,042

106,533

126,373

102,257

109,874

98,732

92,869

83,004

89,790

87,137

102,068

99,533

105,057

107,793

64,372

71,293

30,490

37,406