T2 Biosystems (TTOO) Financial Statements

Price: $1.82
Market Cap: $31.81M
Avg Volume: 174.70K
Country: US
Industry: Medical - Diagnostics & Research
Sector: Healthcare
Beta: 0.313
52W Range: $1.78-33.2
Website: T2 Biosystems

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of T2 Biosystems.


Income Statement

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Revenue $7.19M $22.30M $28.06M $18.13M $8.34M $10.50M $4.67M $4.08M $2.81M $119.00K
Cost of Revenue $16.02M $21.14M $20.70M $21.28M $16.76M $15.40M $12.03M $6.87M $1.74M $19.78M
Gross Profit $-8.83M $1.17M $7.36M $-3.15M $-8.43M $-4.90M $-7.36M $-2.79M $1.07M $-19.66M
Gross Profit Ratio -122.74% 5.23% 26.21% -17.37% -101.12% -46.70% -157.78% -68.43% 38.14% -16523.53%
Research and Development Expenses $13.49M $25.93M $21.80M $16.92M $16.33M $14.49M $23.73M $24.01M $25.36M $19.78M
General and Administrative Expenses $- $30.64M $- $- $- $25.70M $22.76M $24.08M $19.09M $11.02M
Selling and Marketing Expenses $- $100.00K $- $- $- $- $- $- $- $-
Selling General and Administrative Expenses $24.83M $30.74M $28.53M $21.29M $27.30M $25.70M $22.76M $24.08M $19.09M $11.02M
Other Expenses $-495.00K $31.00K $206.00K $62.00K $400.00K $619.00K $331.00K $172.00K $60.00K $12.00K
Operating Expenses $38.32M $56.68M $50.33M $38.21M $43.63M $40.19M $46.49M $48.09M $44.46M $30.80M
Cost and Expenses $54.35M $77.81M $71.03M $59.49M $60.39M $55.59M $58.52M $54.96M $46.20M $30.80M
Interest Income $- $8.00K $112.00K $14.00K $1.00K $- $- $- $- $-
Interest Expense $5.34M $6.08M $6.59M $5.50M $7.35M $6.68M $8.91M $4.10M $1.97M $721.00K
Depreciation and Amortization $859.00K $2.27M $2.54M $3.16M $3.64M $2.45M $2.94M $2.28M $1.47M $691.00K
EBITDA $-46.29M $-55.47M $-42.66M $-41.29M $-51.66M $-44.47M $-50.58M $-50.71M $-43.32M $-30.67M
EBITDA Ratio -643.60% -248.69% -152.02% -227.77% -619.77% -423.53% -1084.03% -1242.79% -1540.10% -25772.27%
Operating Income $-47.15M $-55.51M $-42.97M $-41.36M $-52.06M $-45.09M $-53.85M $-50.88M $-43.38M $-30.68M
Operating Income Ratio -655.54% -248.87% -153.16% -228.11% -624.57% -429.43% -1154.14% -1247.01% -1542.23% -25782.35%
Total Other Income Expenses Net $-2.92M $-6.81M $-6.27M $-5.44M $-6.95M $619.00K $331.00K $172.00K $60.00K $12.00K
Income Before Tax $-50.08M $-62.32M $-49.24M $-46.80M $-59.01M $-51.15M $-62.43M $-54.80M $-45.29M $-31.39M
Income Before Tax Ratio -696.19% -279.39% -175.50% -258.12% -707.93% -487.17% -1337.93% -1343.24% -1610.02% -26378.15%
Income Tax Expense $691.11K $1.05M $4.25M $2.41M $4.11M $619.00K $9.24M $1.99M $562.00K $42.00K
Net Income $-50.08M $-63.37M $-53.49M $-49.21M $-63.11M $-51.15M $-62.43M $-54.80M $-45.29M $-31.39M
Net Income Ratio -696.19% -284.11% -190.66% -271.42% -757.19% -487.17% -1337.93% -1343.24% -1610.02% -26378.15%
EPS $-19.19 $-1242.48 $-1683.72 $-2027.86 $-6934.20 $-126.12 $-194.29 $-210.66 $-220.91 $-361.85
EPS Diluted $-19.19 $-1242.48 $-1683.72 $-2027.86 $-6934.20 $-126.12 $-194.29 $-210.66 $-220.91 $-361.85
Weighted Average Shares Outstanding 2.61M 51.00K 31.77K 24.27K 9.10K 405.59K 321.31K 260.16K 205.02K 86.75K
Weighted Average Shares Outstanding Diluted 2.61M 51.00K 31.77K 24.27K 9.10K 405.59K 321.31K 260.16K 205.02K 86.75K
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Cash and Cash Equivalents $15.69M $10.33M $22.25M $16.79M $11.03M $50.80M $41.80M $73.49M $73.66M $73.85M
Short Term Investments $- $- $10.00M $25.40M $- $- $- $- $- $-
Cash and Short Term Investments $15.69M $10.33M $32.24M $42.19M $11.03M $50.80M $41.80M $73.49M $73.66M $73.85M
Net Receivables $1.42M $2.16M $5.13M $5.10M $2.83M $1.79M $467.00K $327.00K $369.00K $201.00K
Inventory $4.82M $4.35M $3.91M $3.64M $3.60M $2.68M $1.34M $803.00K $683.00K $115.00K
Other Current Assets $3.16M $2.58M $3.11M $2.66M $1.44M $1.34M $708.00K $820.00K $860.00K $1.16M
Total Current Assets $25.09M $19.42M $44.39M $53.58M $18.89M $56.61M $44.32M $75.44M $75.57M $75.32M
Property Plant Equipment Net $9.05M $13.27M $14.44M $14.80M $9.21M $7.32M $10.02M $13.59M $10.65M $2.76M
Goodwill $- $- $- $- $- $- $- $- $- $-
Intangible Assets $- $- $- $- $- $- $- $- $- $-
Goodwill and Intangible Assets $- $- $- $- $- $- $- $- $- $-
Long Term Investments $651.00K $1.65M $1.55M $10.00M $- $- $260.00K $260.00K $260.00K $-
Tax Assets $- $- $- $- $- $- $- $- $- $313.00K
Other Non-Current Assets $4.00K $43.00K $153.00K $687.00K $386.00K $386.00K $268.00K $281.00K $459.00K $427.00K
Total Non-Current Assets $9.71M $14.97M $16.14M $25.49M $9.59M $7.70M $10.54M $14.13M $11.37M $3.50M
Other Assets $-0.00B $- $- $- $- $- $- $- $- $-
Total Assets $34.80M $34.39M $60.54M $79.08M $28.49M $64.31M $54.86M $89.57M $86.95M $78.82M
Account Payables $1.53M $1.30M $2.83M $2.06M $3.75M $744.00K $648.00K $962.00K $1.23M $735.00K
Short Term Debt $42.90M $1.35M $1.17M $1.15M $42.90M $42.64M $40.94M $1.57M $4.74M $295.00K
Tax Payables $- $- $- $- $- $- $- $- $- $-
Deferred Revenue $224.00K $172.00K $518.00K $230.00K $285.00K $697.00K $1.74M $2.44M $2.15M $80.00K
Other Current Liabilities $11.50M $7.69M $7.16M $6.36M $13.63M $8.21M $8.46M $4.91M $4.16M $3.75M
Total Current Liabilities $56.15M $10.51M $11.69M $9.80M $60.57M $52.30M $51.78M $9.88M $12.28M $4.86M
Long Term Debt $6.60M $57.87M $57.15M $55.77M $1.87M $492.00K $1.74M $40.30M $27.30M $20.66M
Deferred Revenue Non-Current $83.00K $52.00K $28.00K $424.00K $46.00K $133.00K $- $- $- $-207.00K
Deferred Tax Liabilities Non-Current $- $- $- $1.01M $-46.00K $-492.00K $- $- $- $313.00K
Other Non-Current Liabilities $--0.00B $5.94M $4.58M $3.35M $46.00K $492.00K $- $49.00K $436.00K $195.00K
Total Non-Current Liabilities $6.68M $63.85M $61.75M $60.55M $1.92M $625.00K $1.74M $40.34M $27.73M $20.96M
Other Liabilities $-0.00B $- $- $- $- $- $- $- $- $-
Total Liabilities $62.83M $74.36M $73.44M $70.35M $62.49M $52.92M $53.52M $50.23M $40.01M $25.82M
Preferred Stock $-0.00B $- $- $- $-0.00B $- $- $- $- $79.13M
Common Stock $4.00K $8.00K $166.00K $147.00K $49.00K $44.00K $36.00K $30.00K $24.00K $20.00K
Retained Earnings $-584.30M $-534.53M $-472.22M $-422.98M $-376.18M $-317.17M $-266.12M $-203.69M $-148.88M $-103.59M
Accumulated Other Comprehensive Income Loss $-0.00B $- $-4.00K $9.00K $-0.00B $-11.31M $-9.12M $-7.07M $-4.81M $-3.34M
Other Total Stockholders Equity $556.26M $494.56M $459.15M $431.55M $342.12M $339.82M $276.55M $250.06M $200.61M $80.78M
Total Stockholders Equity $-28.04M $-39.97M $-12.90M $8.73M $-34.01M $11.39M $1.34M $39.34M $46.94M $53.00M
Total Equity $-28.04M $-39.97M $-12.90M $8.73M $-34.01M $11.39M $1.34M $39.34M $46.94M $53.00M
Total Liabilities and Stockholders Equity $34.80M $34.39M $60.54M $79.08M $28.49M $64.31M $54.86M $89.57M $86.95M $78.82M
Minority Interest $- $- $- $- $- $- $- $- $- $-
Total Liabilities and Total Equity $34.80M $34.39M $60.54M $79.08M $28.49M $64.31M $54.86M $89.57M $86.95M $78.82M
Total Investments $651.00K $1.65M $10.00M $35.40M $- $- $260.00K $260.00K $260.00K $-
Total Debt $49.50M $59.22M $57.15M $55.77M $44.77M $43.13M $42.68M $41.87M $32.04M $20.95M
Net Debt $33.81M $48.89M $34.90M $38.98M $33.74M $-7.67M $882.00K $-31.62M $-41.62M $-52.89M

Cash Flow Statement

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Net Income $-50.08M $-62.00M $-49.24M $-46.80M $-59.01M $-51.15M $-62.43M $-54.80M $-45.29M $-31.39M
Depreciation and Amortization $859.00K $2.27M $2.54M $3.16M $3.64M $2.45M $2.94M $2.28M $1.47M $691.00K
Deferred Income Tax $-230.00K $- $-1.02M $-258.00K $280.00K $613.00K $4.81M $112.00K $- $1.00K
Stock Based Compensation $4.35M $6.49M $7.09M $3.91M $5.46M $9.90M $4.79M $4.85M $4.17M $1.65M
Change in Working Capital $-4.04M $-503.00K $-2.17M $-6.54M $1.86M $-3.94M $-424.00K $808.00K $1.96M $744.00K
Accounts Receivables $743.00K $2.97M $-35.00K $-2.27M $-1.04M $-1.32M $-140.00K $42.00K $-168.00K $-201.00K
Inventory $-744.00K $-949.00K $-1.94M $441.00K $-914.00K $-1.09M $-110.00K $-120.00K $-568.00K $-115.00K
Accounts Payables $231.00K $-1.57M $761.00K $-1.65M $2.96M $121.00K $-314.00K $-61.00K $177.00K $-208.00K
Other Working Capital $-4.27M $-959.00K $-957.00K $-3.05M $851.00K $-1.66M $140.00K $947.00K $2.52M $1.27M
Other Non Cash Items $941.00K $3.11M $3.93M $3.31M $2.41M $2.00M $2.60M $314.00K $235.00K $117.00K
Net Cash Provided by Operating Activities $-48.20M $-50.63M $-38.87M $-43.22M $-45.36M $-40.14M $-47.72M $-46.44M $-37.47M $-28.18M
Investments in Property Plant and Equipment $-192.00K $-339.00K $-460.00K $-804.00K $-761.00K $-593.00K $-2.48M $-5.49M $-7.97M $-2.08M
Acquisitions Net $- $- $- $4.00K $- $- $- $- $- $-
Purchases of Investments $- $- $- $-50.71M $- $- $- $- $- $-
Sales Maturities of Investments $- $10.00M $25.25M $15.25M $- $- $- $- $- $-
Other Investing Activities $- $10.00M $25.25M $-35.46M $- $- $- $- $80.00K $-
Net Cash Used for Investing Activities $-192.00K $9.66M $24.79M $-36.26M $-761.00K $-593.00K $-2.48M $-5.49M $-7.89M $-2.08M
Debt Repayment $- $- $- $- $-882.00K $-1.55M $-1.19M $-32.40M $-309.00K $-4.04M
Common Stock Issued $52.75M $29.16M $20.54M $85.31M $6.65M $51.20M $19.70M $40.36M $35.48M $58.24M
Common Stock Repurchased $- $-330.00K $- $- $- $- $- $- $- $-
Dividends Paid $- $- $- $- $- $- $- $- $- $-
Other Financing Activities $52.69M $222.00K $20.54M $296.00K $582.00K $51.20M $19.70M $43.80M $10.00M $19.71M
Net Cash Used Provided by Financing Activities $52.69M $29.05M $20.54M $85.61M $6.35M $49.66M $18.50M $51.76M $45.17M $73.92M
Effect of Forex Changes on Cash $1.00M $- $- $- $- $- $- $- $- $-
Net Change in Cash $5.36M $-11.92M $6.45M $6.13M $-39.77M $8.93M $-31.69M $-174.00K $-187.00K $43.65M
Cash at End of Period $15.69M $11.88M $23.80M $17.34M $11.21M $50.98M $41.80M $73.49M $73.66M $73.85M
Cash at Beginning of Period $10.33M $23.80M $17.34M $11.21M $50.98M $42.06M $73.49M $73.66M $73.85M $30.20M
Operating Cash Flow $-48.20M $-50.63M $-38.87M $-43.22M $-45.36M $-40.14M $-47.72M $-46.44M $-37.47M $-28.18M
Capital Expenditure $-192.00K $-339.00K $-460.00K $-804.00K $-761.00K $-593.00K $-2.48M $-5.49M $-7.97M $-2.08M
Free Cash Flow $-48.39M $-50.97M $-39.33M $-44.02M $-46.12M $-40.73M $-50.19M $-51.93M $-45.44M $-30.27M