Xtant Medical Holdings, Inc. XTNT Income Statement

Xtant medical holdings, inc. (XTNT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue
Orthopedic product sales
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Orthopedic product sales
-	-	65,766	67,214	-	71,814	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other revenue
169	166	214	311	325	389	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue
-	-	65,980	67,525	-	72,203	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Orthopedic product sales
-	-	-	-	-	-	-	-	-	-	-	-	90,576	89,388	86,789	81,303	69,725	58,194	45,287	36,112	35,094	34,569	33,846	33,310	32,791	32,563	32,416	33,349	33,266	32,414	31,664	30,391	0	-	0	0	-	-	-
Other revenue
-	-	-	-	-	-	-	-	-	-	-	-	532	614	1,000	1,085	1,094	1,151	864	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Royalties and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	674	575	509	521	537	562	565	349	415	459	492	719	432	0	0	0
Total Revenue
-	-	-	-	-	-	-	-	-	-	-	-	91,108	90,002	87,790	82,388	70,819	59,345	46,170	36,930	35,921	35,331	34,508	33,984	33,367	33,073	32,937	33,887	33,828	32,979	34,090	32,750	32,050	30,149	24,962	20,608	0	0	0
Cost of sales
21,418	22,166	27,533	28,027	28,928	28,717	26,750	29,423	31,037	32,511	30,432	29,130	28,008	27,710	28,128	27,050	23,667	20,262	16,198	13,180	13,096	13,034	13,892	14,193	14,475	14,185	13,560	12,842	11,599	10,337	8,107	7,248	0	-	0	0	-	-	-
Cost of tissue and medical devices sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Gross Profit
41,316	42,516	38,447	39,498	42,067	43,486	46,523	46,373	47,426	50,101	57,317	61,924	63,099	62,292	59,661	55,338	47,152	39,082	29,971	23,749	22,825	22,297	20,615	19,791	18,891	18,887	19,377	21,044	22,229	22,642	22,108	22,050	21,938	21,040	20,481	16,942	0	0	0
Operating Expenses
General and administrative
17,778	17,936	17,306	16,272	15,729	14,277	12,905	13,114	14,143	15,246	16,590	17,033	16,405	15,762	15,345	15,552	14,052	12,993	11,027	9,328	9,023	8,886	9,484	9,928	9,921	10,204	11,170	10,882	11,116	11,135	8,238	7,948	7,134	6,935	8,175	7,966	0	0	0
Sales and marketing
25,514	25,843	26,219	27,384	29,857	31,464	34,214	35,271	37,863	40,511	42,917	45,256	44,539	44,055	42,727	39,914	34,530	28,731	22,704	18,201	17,571	16,912	16,347	16,473	16,274	16,017	16,340	15,639	15,269	15,617	16,430	17,887	18,383	18,501	15,725	12,599	0	0	0
Research and development
915	932	1,198	1,342	1,550	1,702	1,777	1,934	2,156	2,441	2,641	3,066	3,210	3,410	3,639	3,505	3,012	2,546	2,007	1,590	1,621	1,443	1,034	694	541	572	0	0	0	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	1,486	2,378	-	-	4,454	4,779	5,208	5,485	5,355	5,266	5,013	4,940	5,744	6,019	4,903	3,819	1,821	338	320	271	289	328	346	377	409	399	394	406	447	478	445	379	399	0	0	0	-
Non-cash consulting expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill and intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and integration related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	1,401	5,126	0	0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring expenses
-	-	-	-	-	2,970	4,435	5,015	5,413	4,680	2,826	1,632	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Separation related expenses
-	-	-	-	-	-	-	-	-	1,901	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and integration related expenses (Note 2)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash compensation expense
-	-	-	-	-	-	-	-	304	85	0	0	0	-	-	215	234	246	244	233	181	135	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash consulting expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-51	92	69	427	1,199	1,160	0	-	0	0	-	-	-
Non-cash consulting expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,199	1,160	0	-	0	0	-	-	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Non-cash consulting expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Total Operating Expenses
44,265	44,769	95,108	96,889	101,156	103,564	76,107	79,207	84,350	87,935	72,076	73,902	70,849	69,837	70,127	68,785	59,860	51,161	40,462	30,606	29,631	28,562	27,949	28,222	27,857	27,895	28,361	27,469	27,134	27,587	26,185	27,905	27,725	27,490	26,348	22,521	0	0	0
Loss from Operations
-2,949	-2,253	-56,661	-57,391	-59,089	-60,078	-29,584	-32,834	-36,924	-37,834	-14,759	-11,978	-7,749	-7,545	-10,466	-13,447	-12,708	-12,078	-10,491	-6,856	-6,805	-6,264	-7,334	-8,431	-8,966	-9,007	-8,984	-6,424	-4,904	-4,944	-4,076	-5,854	-5,787	-6,450	-5,867	-5,578	0	0	0
Other (Expense) Income
Interest expense
4,862	5,772	6,494	7,099	8,618	10,145	12,323	14,342	14,850	14,705	13,824	13,179	12,835	12,262	11,777	10,725	9,125	7,733	6,375	5,761	5,820	5,660	5,433	5,132	4,864	4,653	3,996	3,666	2,758	1,864	1,420	1,094	960	1,162	1,206	1,447	0	0	0
Change in warrant derivative liability
24	3	31	69	144	121	150	88	-5	203	136	376	868	716	1,065	1,242	750	270	618	1,874	2,759	1,736	1,666	-835	-1,246	875	213	936	1,777	1,360	299	670	-623	6,377	739	502	0	0	0
Non-cash consideration associated with stock purchase agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	558	558	558	558	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (expense) income
-31	-101	-117	-117	-59	3	-69	-99	-100	-75	-29	-81	85	-351	271	232	-48	388	-257	-238	-120	-318	-270	-182	-87	92	66	-1,689	-1,745	-1,558	-691	-255	-298	-471	0	0	0	-	-
Other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Total Other (Expense)
-4,869	-5,870	-6,579	-7,146	-8,533	-10,021	-12,243	-14,354	-14,955	-14,577	-13,718	-12,884	-11,882	-11,897	-10,440	-9,250	-8,423	-7,633	-6,572	-4,683	-3,739	-4,243	-4,036	-6,150	-6,197	-3,685	-4,422	-5,125	-3,431	-2,769	-3,113	-1,979	-3,182	3,443	-1,828	-1,004	0	0	0
Net Loss Before Provision for Income Taxes
-7,818	-8,123	-63,240	-64,537	-67,622	-70,099	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,713	-5,999	-3,885	0	-	0	0	-	-	-
Provision for Income Taxes
Net Loss Before (Provision) Benefit for Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0
Deferred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0
Provision for income taxes
-99	-98	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Loss
-7,915	-8,221	-63,308	-64,582	-67,645	-70,099	-41,827	-47,188	-51,879	-52,411	-28,528	-24,912	-19,682	-19,493	-3,369	-5,160	-3,593	-2,174	-17,063	-11,539	-10,544	-10,507	-11,370	-14,581	-15,164	-12,693	-13,407	-11,549	-8,336	-7,713	-7,189	-7,834	-8,970	-3,006	-7,696	-6,582	0	0	0
Net loss per share:
Basic
-0.19	-0.13	-0.14	-0.15	-0.21	-4.65	-0.24	-0.38	-0.70	-18.84	-5.62	-6.43	-3.87	-17.22	-0.40	-0.37	-0.47	1.43	-0.64	-0.41	-0.62	-0.45	-0.19	-0.35	-0.77	-1.36	-0.85	-0.55	-0.04	-0.11	-0.06	0.02	-0.03	-0.12	-0.08	-0.01	0.13	-0.26	-0.07
Dilutive
-0.19	-0.13	-0.14	-0.15	-0.21	-4.65	-0.24	-0.38	-0.70	-18.84	-5.62	-6.43	-3.87	-17.22	-0.40	-0.37	-0.47	1.43	-0.64	-0.41	-0.62	-0.45	-0.19	-0.35	-0.77	-1.36	-0.85	-0.55	-0.04	-0.11	-0.06	0.02	-0.03	-0.10	-0.08	-0.01	0.11	-0.26	-0.07
Shares used in the computation:
Basic
13,175	13,161	13,161	13,161	13,170	13,236	13,158	13,085	7,481	1,514	1,514	1,507	1,494	-31,969	12,193	12,101	11,897	11,962	10,432	7,137	6,689	6,688	6,233	5,514	5,379	-34,492	5,161	4,525	42,926	42,741	42,796	42,695	41,548	40,654	39,574	38,216	37,330	35,398	28,318
Dilutive
13,175	13,161	13,161	13,161	13,170	13,236	13,158	13,085	7,481	1,514	1,514	1,507	1,494	-31,969	12,193	12,101	11,897	11,962	10,432	7,137	6,689	6,688	6,233	5,514	5,379	-34,492	5,161	4,525	42,926	40,753	42,796	44,683	41,548	33,565	39,574	38,216	44,419	35,398	28,318