Neuronetics, inc. (STIM)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Dec'17
Assets
Current assets:
Cash and cash equivalents

63,647

75,708

82,370

89,644

96,146

104,583

106,760

14,544

29,147

Accounts receivable, net

6,251

6,569

7,552

7,563

5,666

5,620

5,283

4,724

4,267

Inventory

2,879

2,775

2,924

2,552

2,410

2,432

2,614

2,441

2,468

Current portion of net investments in sales-type leases

1,117

880

633

240

135

-

-

-

-

Current portion of prepaid commission expense

739

689

442

237

59

-

-

-

-

Prepaid expenses and other current assets

1,799

1,830

1,985

1,061

1,627

1,838

2,082

4,292

1,123

Total current assets

76,432

88,451

95,906

101,297

106,043

114,473

116,739

26,001

37,005

Property and equipment, net

963

1,107

1,007

1,105

1,210

1,378

1,343

1,493

1,359

Operating lease right-of-use assets

3,704

3,796

3,879

3,998

4,113

-

-

-

-

Net investments in sales-type leases

1,861

1,730

1,141

400

225

-

-

-

-

Prepaid commission expense

4,148

3,779

2,465

1,342

456

-

-

-

-

Other assets

1,347

1,305

1,083

1,284

1,390

1,171

897

851

574

Total Assets

88,455

100,168

105,481

109,426

113,437

117,022

118,979

28,345

38,938

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable

3,610

4,625

4,109

3,659

2,588

3,756

2,102

2,928

2,513

Accrued expenses

5,955

9,031

7,612

6,476

6,291

7,548

6,383

7,731

7,511

Deferred revenue

2,255

2,228

2,252

2,206

2,467

2,255

1,813

1,686

1,970

Current portion of operating lease liabilities

566

559

529

516

515

-

-

-

-

Current portion of long-term debt, net

-

11,250

7,500

3,750

-

-

5,000

2,500

-

Total current liabilities

12,386

27,693

22,002

16,607

11,861

13,559

15,298

14,845

11,994

Long-term debt, net

34,210

19,898

23,450

27,007

30,572

30,395

25,198

27,497

29,556

Deferred revenue

1,984

2,106

2,229

2,351

1,849

1,940

2,032

2,124

2,275

Operating lease liabilities

3,364

2,619

3,470

3,642

3,734

-

-

-

-

Deferred rent

-

-

-

-

-

86

103

121

151

Convertible preferred stock warrant liability

-

-

-

-

-

-

-

1,893

478

Total Liabilities

51,944

52,316

51,151

49,607

48,016

45,980

42,631

46,480

44,454

Commitments and contingencies (Note 16)

-

-

-

-

-

-

0

0

-

Convertible preferred stock, $0.01 par value: 308,593 shares previously authorized prior to initial public offering, issuable in series; no and 304,958 shares issued and outstanding at December 31, 2018 and 2017, respectively; no liquidation value at December 31, 2018

-

-

-

-

-

-

-

187,136

187,136

Stockholders’ Equity:
Preferred stock, $0.01 par value: 10,000 shares authorized; no shares issued or outstanding at March 31, 2020 and December 31, 2019

-

-

-

-

-

-

0

0

-

Common stock, $0.01 par value: 200,000 shares authorized; 18,726 and 18,645 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

187

186

186

184

182

177

176

3

2

Additional paid-in capital

299,024

297,753

296,677

295,301

293,811

291,908

291,072

4,665

4,292

Accumulated deficit

-262,700

-250,087

-242,533

-235,666

-228,572

-221,043

-214,900

-209,939

-196,946

Total Stockholders' Equity

36,511

47,852

54,330

59,819

65,421

71,042

76,348

-205,271

-192,652

Total Liabilities and Stockholders’ Equity

88,455

100,168

105,481

109,426

113,437

117,022

118,979

28,345

38,938