← RxSight, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income From Continuing Operations | $27.6m | ($48.7m) | ($66.8m) | ($48.6m) | ($27.5m) | ($38.9m) | ($46.9m) | |
| Net loss | $27.6m | ($48.7m) | ($66.8m) | ($48.6m) | ($27.5m) | ($38.9m) | — | |
| Depreciation, Depletion and Amortization | $3.9m | $4.0m | $3.9m | $4.1m | $3.6m | $3.3m | $3.5m | |
| Amortization of Debt Issuance Costs and Discounts | $85k | $493k | $552k | $287k | $0 | $0 | — | |
| Amortization of right-of-use lease assets | $159k | $13k | $138k | $165k | $49k | — | — | |
| Amortization of debt issuance costs and premium | $85k | $493k | $552k | $287k | $0 | $0 | — | |
| Amortization of discount on short-term investments | ($446k) | ($30k) | ($1.4m) | ($6.1m) | ($9.0m) | ($8.5m) | — | |
| Amortization Of Securities | — | — | ($1.4m) | ($6.1m) | ($9.0m) | ($8.5m) | ($7.6m) | |
| Depreciation Amortization Depletion | — | — | $4.0m | $4.1m | $3.6m | $3.3m | $3.5m | |
| Deferred Income Tax Expense (Benefit) | ($9.8m) | ($13.2m) | ($14.9m) | ($12.8m) | $19.1m | $6.5m | — | |
| Share-based Payment Arrangement, Noncash Expense | $4.2m | $7.6m | $11.4m | $15.7m | $24.6m | $31.6m | $31.3m | |
| Payments for employee taxes related to stock compensation | — | $0 | ($643k) | ($1.4m) | ($4.8m) | ($2.1m) | — | |
| Stock-based compensation | $4.2m | $7.6m | $11.4m | $15.7m | $24.6m | $31.6m | $31.3m | |
| Changes in operating assets and liabilities: | ||||||||
| Change In Working Capital | — | — | ($7.4m) | ($8.9m) | ($9.2m) | ($4.9m) | ($5.1m) | |
| Increase (Decrease) in Accounts Receivable | $2.1m | $2.0m | $6.1m | $9.3m | $9.8m | ($6.7m) | ($641k) | |
| Accounts receivable | ($2.1m) | ($2.0m) | ($6.1m) | ($9.3m) | ($9.8m) | $6.7m | ($641k) | |
| Change In Receivables | — | — | ($6.1m) | ($9.3m) | ($9.8m) | $6.7m | ($641k) | |
| Changes In Account Receivables | — | — | ($6.1m) | ($9.3m) | ($9.8m) | $6.7m | ($641k) | |
| Increase (Decrease) in Inventories | $1.3m | $2.1m | $7.6m | $2.7m | $5.0m | $11.5m | ($13.9m) | |
| Inventory Write-down | $238k | $2.4m | $752k | $164k | $404k | $1.9m | — | |
| Provision for excess and obsolete inventory | $238k | $2.4m | $752k | $164k | $404k | $1.9m | — | |
| Inventories | ($1.3m) | ($2.1m) | ($7.6m) | ($2.7m) | ($5.0m) | ($11.5m) | ($13.9m) | |
| Change In Inventory | — | — | ($7.6m) | ($2.7m) | ($5.0m) | ($11.5m) | ($13.9m) | |
| Increase (Decrease) in Accounts Payable | ($954k) | $555k | $635k | $1.2m | $946k | $627k | $3.1m | |
| Acquisition of property and equipment included in accounts payable and accrued expenses and other current liabilities | $40k | $30k | $299k | $282k | $545k | $421k | — | |
| Deferred offering costs included in accounts payable and accrued liabilities | — | $0 | $133k | $145k | $0 | $0 | — | |
| Change In Payables And Accrued Expense | — | — | $5.4m | $3.6m | $6.8m | ($1.2m) | $3.1m | |
| Accrued expenses and other liabilities | ($3.7m) | $3.7m | $4.8m | $2.3m | $5.9m | ($1.9m) | — | |
| Change In Accrued Expense | — | — | $4.8m | $2.3m | $5.9m | ($1.9m) | $1.7m | |
| Prepaid and other assets | $180k | ($2.8m) | $789k | ($562k) | ($1.2m) | $1.2m | — | |
| Net Cash Provided by (Used in) Operating Activities | ($35.2m) |
($44.7m)
-27.00%
|
($58.9m)
-31.63%
|
($41.6m)
+29.32%
|
($16.9m)
+59.26%
|
($15.5m)
+8.47%
|
($22.7m)
-46.55%
|
|
| Cash flows from investing activities: | ||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $7k | — | — | — | — | — | — | |
| Payments to Acquire Property, Plant, and Equipment | $2.5m | $1.9m | $2.4m | $4.8m | $5.4m | $3.8m | ($4.4m) | |
| Unrealized Gain (Loss) on Investments | $2k | $9.0m | $75k | $10k | $190k | $53k | — | |
| Purchase of short-term investments | ($97.9m) | ($160.0m) | ($212.7m) | ($272.3m) | ($336.9m) | ($239.3m) | — | |
| Maturity of short-term investments | $116.0m | $80.0m | $255.0m | $255.0m | $243.0m | $260.0m | — | |
| Cash, Cash Equivalents, and Short-term Investments | — | $159.3m | $105.8m | $127.2m | $237.2m | $228.1m | — | |
| Net cash (used in) provided by investing activities | $15.6m | ($81.9m) | $40.0m | ($22.1m) | ($99.3m) | $16.9m | — | |
| Net Cash Provided by (Used in) Investing Activities | $15.6m | ($81.9m) | $40.0m | ($22.1m) | ($99.3m) | $16.9m | ($5.1m) | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($1.8m) | $0 | $0 | — | |
| Loss on extinguishment of debt | — | — | $0 | $1.8m | $0 | $0 | — | |
| Provision for bad debts | — | — | $0 | $0 | $34k | $32k | — | |
| Payments of debt issuance costs | ($687k) | ($132k) | ($145k) | ($2.2m) | $0 | $0 | — | |
| Issuance Of Debt | — | — | $0 | $20.0m | $0 | $0 | $0 | |
| Long Term Debt Issuance | — | — | $0 | $20.0m | $0 | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | ($121k) | ($40.2m) | ($61k) | ($26k) | ($24k) | |
| Net Long Term Debt Issuance | — | — | ($121k) | ($40.2m) | ($61k) | ($26k) | ($24k) | |
| Long Term Debt Payments | — | — | ($121k) | ($60.2m) | ($61k) | ($26k) | ($24k) | |
| Repayment Of Debt | — | — | ($121k) | ($60.2m) | ($61k) | ($26k) | ($24k) | |
| Issuance Of Capital Stock | — | — | $7.8m | $106.0m | $128.9m | $4.0m | $2.0m | |
| Proceeds from Issuance of Common Stock | — | $12.4m | $1.8m | $9.5m | $20.8m | $4.0m | $2.0m | |
| Proceeds from issuance of common stock from public offering | $0 | $119.6m | $0 | $54.0m | $108.1m | $0 | $2.0m | |
| Proceeds from issuance of common stock for at-the-market offerings | — | — | $6.0m | $42.4m | $0 | — | $2.0m | |
| Common Stock Issuance | — | — | $7.8m | $106.0m | $128.9m | $4.0m | $2.0m | |
| Net Other Financing Charges | — | — | ($1.4m) | ($4.3m) | ($5.5m) | ($2.1m) | ($1.1m) | |
| Net Cash Provided by (Used in) Financing Activities | $25.2m |
$137.3m
+444.21%
|
$6.3m
-95.39%
|
$61.5m
+871.64%
|
$123.3m
+100.44%
|
$1.9m
-98.49%
|
$859k
-53.89%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | $5.6m | $10.7m | ($12.6m) | ($2.2m) | $7.1m | $3.2m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $5.6m | $10.7m | ($12.6m) | ($2.2m) | $7.1m | $3.2m | $14.1m | |
| Beginning Cash Position | — | — | $25.2m | $12.6m | $10.4m | $17.5m | $41.1m | |
| Cash, cash equivalents and restricted cash - beginning of period | $14.5m | $25.2m | $12.6m | $10.4m | $17.5m | $20.7m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $0 | ($10k) | ($9k) | $6k | ($9k) | $3k | ($11k) | |
| Effect of foreign exchange rate on cash, cash equivalents and restricted cash | $0 | ($10k) | ($9k) | $6k | ($9k) | $3k | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $14.5m | $25.2m | $12.6m | $10.4m | $17.5m | $20.7m | $14.1m | |
| Effect Of Exchange Rate Changes | — | — | ($9k) | $6k | ($9k) | $3k | ($11k) | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Gain (Loss) on Disposition of Assets | $7k | $0 | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $57k | $8k | $9k | $20k | $50k | $66k | — | |
| Operating lease | $2.0m | $126k | $1.1m | $46k | $10.0m | $29k | — | |
| Additional Financial Items | ||||||||
| Operating Expenses | $37.1m | $57.3m | $84.6m | $103.8m | $135.8m | $151.2m | — | |
| Proceeds from Stock Options Exercised | $992k | $1.6m | $0 | — | — | — | — | |
| Proceeds from term loan | $25.0m | $15.0m | $0 | $20.0m | $0 | $0 | — | |
| Repayment of term loan | — | — | $0 | ($60.0m) | $0 | $0 | — | |
| Principal payments on finance lease liabilities | ($142k) | ($27k) | ($121k) | ($153k) | ($61k) | ($26k) | — | |
| Payments of deferred offering costs | — | $0 | ($587k) | ($622k) | ($768k) | $0 | — | |
| Finance lease | $48k | $0 | $311k | $102k | $19k | — | — | |
| Reclassification of deferred financing costs | — | $3.2m | $90k | $1.4m | $768k | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | $6.3m | $61.5m | $123.3m | $1.9m | $859k | |
| Cash Flow From Continuing Investing Activities | — | — | $40.0m | ($22.1m) | ($99.3m) | $16.9m | ($5.1m) | |
| Change In Account Payable | — | — | $635k | $1.2m | $946k | $627k | $3.1m | |
| Change In Payable | — | — | $635k | $1.2m | $946k | $627k | $3.1m | |
| Change In Prepaid Assets | — | — | $789k | ($397k) | ($1.2m) | $1.2m | $1.1m | |
| Changes In Cash | — | — | ($12.6m) | ($2.2m) | $7.1m | $3.2m | ($27.0m) | |
| End Cash Position | — | — | $12.6m | $10.4m | $17.5m | $20.7m | $14.1m | |
| Financing Cash Flow | — | — | $6.3m |
$61.5m
+871.64%
|
$123.3m
+100.44%
|
$1.9m
-98.49%
|
$859k
-53.89%
|
|
| Free Cash Flow | — | — | ($61.2m) | ($46.4m) | ($22.4m) | ($19.3m) | ($27.2m) | |
| Investing Cash Flow | — | — | $40.0m | ($22.1m) | ($99.3m) | $16.9m | ($5.1m) | |
| Net PPE Purchase And Sale | — | — | ($2.4m) | ($4.8m) | ($5.4m) | ($3.8m) | ($4.4m) | |
| Operating Gains Losses | — | ($7.7m) | — | $1.8m | — | — | — | |
| Other Non Cash Items | — | $493k | $552k | $287k | — | — | — | |
| Proceeds From Stock Option Exercised | — | $790k | $1.8m | — | — | — | — | |
| Provisionand Write Offof Assets | — | — | $752k | $164k | $438k | $2.0m | $2.1m | |
| Purchase Of PPE | — | — | ($2.4m) | ($4.8m) | ($5.4m) | ($3.8m) | ($4.4m) | |
| Net Investment Purchase And Sale | — | — | $42.3m | ($17.3m) | ($93.9m) | $20.7m | ($685k) | |
| Purchase Of Investment | — | — | ($212.7m) | ($272.3m) | ($336.9m) | ($239.3m) | ($360.7m) | |
| Sale Of Investment | — | — | $255.0m | $255.0m | $243.0m | $260.0m | $360.0m | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | ($12.6m) | ($2.2m) | $7.1m | $3.2m | — | |
| Cash paid for interest on financing leases | $411k | $3.2m | $4.2m | $3.5m | $21k | $0 | — | |
| Income Taxes Paid, Net | $61k | $20k | $3k | $8k | $24k | $58k | — |