← ESTABLISHMENT LABS HOLDINGS INC.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($21.1m) | ($38.1m) | ($38.1m) | ($41.1m) | ($75.2m) | ($78.5m) | ($84.6m) | ($51.1m) | — | |
| Depreciation and amortization | $2.8m | $3.3m | $3.3m | $3.7m | $3.9m | $4.2m | $6.8m | $9.6m | $10.7m | |
| Amortization of right-to-use asset | — | $0 | $363k | $406k | $469k | $717k | $743k | $911k | — | |
| Non-cash interest expense and amortization of debt discount | $3.3m | $2.4m | $1.7m | $2.1m | $8.1m | $13.3m | $6.4m | $3.4m | — | |
| Provision for deferred income taxes | — | $0 | ($274k) | $7k | $86k | ($3.7m) | ($2.2m) | ($9.1m) | — | |
| Share-based compensation | $7.3m | $6.5m | $5.7m | $10.4m | $13.4m | $14.4m | $14.4m | $11.4m | $12.2m | |
| Stock compensation in lieu of cash fees | — | — | — | $0 | $0 | $495k | $964k | $403k | — | |
| Change in reserve for PP&E impairment | — | — | — | $0 | $341k | ($341k) | $0 | $0 | — | |
| Accounts receivable | ($4.7m) | ($5.5m) | $3.8m | ($6.7m) | ($12.3m) | ($11.6m) | ($26.3m) | ($11.5m) | ($6.0m) | |
| Provision for inventory obsolescence | $204k | $143k | $1.2m | $338k | $1.6m | $1.4m | $1.8m | $2.6m | — | |
| Inventory | ($7.0m) | ($3.4m) | $4.8m | ($7.6m) | ($10.9m) | ($42.2m) | ($471k) | ($7.1m) | $7.9m | |
| Accounts payable | ($3.9m) | $1.8m | ($910k) | $5.0m | $4.4m | $19.0m | $6.7m | ($2.3m) | ($23.9m) | |
| Accrued liabilities | $3.8m | $4.6m | $3.1m | $4.7m | $2.8m | ($1.7m) | $4.4m | $1.8m | ($526k) | |
| Prepaid expenses and other current assets | ($2.2m) | ($2.5m) | $1.1m | ($1.6m) | ($4.5m) | $2.6m | $86k | $1.8m | — | |
| Other assets | ($45k) | ($54k) | ($277k) | $90k | ($750k) | $318k | ($483k) | $454k | — | |
| Other liabilities | ($28k) | $400k | $990k | $143k | $117k | $97k | $1.2m | $4.4m | — | |
| Net cash used in operating activities | ($33.9m) |
($30.0m)
+11.52%
|
($12.5m)
+58.28%
|
($27.5m)
-120.08%
|
($52.2m)
-89.47%
|
($88.5m)
-69.68%
|
($58.5m)
+33.89%
|
($50.9m)
+13.03%
|
($32.3m)
+36.48%
|
|
| Loss from disposal of property and equipment | $79k | $67k | $170k | $170k | $229k | $280k | $163k | $153k | — | |
| Purchases of property and equipment | ($1.7m) | ($6.3m) | ($2.4m) | ($2.4m) | ($2.9m) | ($7.9m) | ($6.1m) | ($6.0m) | ($9.2m) | |
| Capital expenditures on construction in progress | — | $0 | $317k | $2.9m | ($29.9m) | ($15.3m) | ($2.4m) | $0 | ($9.2m) | |
| Unpaid balance for property and equipment | $717k | $465k | $210k | $22k | $1.1m | $2.8m | $240k | $144k | — | |
| Cash used in business acquisitions, net of cash acquired | — | — | — | — | $0 | $0 | ($50k) | ($307k) | — | |
| Net cash used in investing activities | ($5.7m) | ($7.8m) | ($5.6m) | ($7.2m) | ($34.8m) | ($24.5m) | ($15.6m) | ($7.0m) | ($9.2m) | |
| Borrowings under Oaktree credit agreement, net of debt discount and issuance costs | $0 | $24.7m | $0 | $0 | $168.1m | $0 | $24.5m | $24.5m | — | |
| Borrowings on short term notes payable | — | — | — | — | — | $0 | $0 | $10.0m | — | |
| Borrowings of short term notes payable for insurance premium financing | — | — | — | — | — | $0 | $0 | $3.4m | — | |
| Issuance of common stock, net of underwriters’ discount and issuance costs | $87.6m | $0 | $63.9m | $0 | $0 | $84.5m | $99.5m | $0 | $49.7m | |
| Net cash provided by financing activities | $81.5m |
$22.8m
-72.05%
|
$64.7m
+183.78%
|
$4.1m
-93.73%
|
$100.3m
+2374.21%
|
$86.2m
-13.99%
|
$125.9m
+46.00%
|
$40.4m
-67.88%
|
$58.1m
+43.71%
|
|
| Net (decrease)/increase in cash and cash equivalents | $41.8m | ($15.0m) | $46.9m | ($31.1m) | $12.9m | ($26.3m) | $50.3m | ($14.8m) | — | |
| Cash and cash equivalents at beginning of period | $52.6m | $37.7m | $84.5m | $53.4m | $66.4m | $40.0m | $90.3m | $75.6m | — | |
| Effect of exchange rate changes on cash and cash equivalents | ($136k) | ($24k) | $267k | ($465k) | ($358k) | $513k | ($1.5m) | $2.7m | ($35k) | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Provision for credit losses | ($547k) | $111k | $375k | $200k | $111k | $1.2m | $1.7m | $3.4m | — | |
| Unrealized foreign currency (gain)/loss, net | $2.2m | $3.5m | $2.4m | $4.2m | $1.7m | ($4.2m) | $5.3m | ($10.0m) | — | |
| Non-cash loss on contract termination | — | — | — | — | $0 | $0 | $6.0m | $543k | — | |
| Interest capitalized for construction in progress | — | — | $0 | $0 | $1.8m | ($3.6m) | ($555k) | $0 | — | |
| Operating lease liabilities | — | $0 | ($318k) | ($408k) | ($378k) | ($689k) | ($646k) | ($887k) | — | |
| Cost incurred for intangible assets | ($41k) | ($711k) | ($1.5m) | ($1.4m) | ($1.5m) | ($1.3m) | ($7.0m) | ($672k) | — | |
| Repayments of short term notes payable for insurance premium financing | — | — | — | — | — | $0 | $0 | ($1.0m) | — | |
| Proceeds from stock option exercises | $643k | $712k | $1.2m | $4.6m | $3.9m | $2.2m | $2.5m | $7.6m | — | |
| Tax payments related to shares withheld upon vesting of restricted stock | $0 | ($224k) | ($154k) | ($356k) | ($4k) | ($484k) | ($510k) | ($637k) | — | |
| Cash paid for interest | $5.4m | $5.9m | $7.0m | $6.9m | $5.4m | $5.7m | $9.8m | $20.5m | — | |
| Cash paid for income taxes | $136k | $649k | $316k | $652k | $2.1m | $2.2m | $1.7m | $420k | — | |
| Unpaid balance for intangible assets | — | — | — | $0 | $0 | $2.9m | $592k | $581k | — | |
| Equity consideration in an asset acquisition | $120k | $337k | $0 | $0 | $0 | $250k | $0 | $0 | — | |
| Equity consideration issued in a business acquisition | — | — | — | — | $0 | $0 | $1.2m | $3.6m | — | |
| Contingent consideration payable related to a business acquisition | — | — | — | — | $0 | $0 | $973k | $4.5m | — | |
| Consideration payable related to a business acquisition | — | — | — | — | $0 | $0 | $3.3m | $315k | — | |
| Cashless option exercises | — | $0 | $0 | $1.6m | $0 | $4.5m | $0 | $0 | — | |
| Cashless warrant exercises | — | — | — | — | $0 | $0 | $600k | $0 | — | |
| Cash payable to settle contract termination | — | — | — | — | $0 | $0 | $214k | $0 | — | |
| Liability to issue shares to settle contract termination | — | — | — | — | $0 | $0 | $1.3m | $0 | — |