NARI (NARI)
Inari Medical, Inc.
NASDAQ:NARIHealthcare · Medical - Devices
Mkt Cap-
Float53.34M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$493.63M
Net Income-$1.64M
Total Assets$674.24M
Free Cash Flow$29.73M
Debt & Equity
Debt 6%
Equity 94%
Total Debt$32.05M
Total Equity$464.91M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NARI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$674.24M
Liabilities$209.32M
Accounts Receivable$70.12M
Accounts Payable$10.58M
Inventory$42.9M
PP&E (Net)$69.34M
Goodwill$214.34M
Intangible Assets$150.88M
Income Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $493.63M | $383.47M | $276.98M | $139.67M | $51.13M | $6.83M |
| YoY Growth | 28.7% | 38.4% | 98.3% | 173.2% | 648.7% | - |
| Cost of Revenue | $59.07M | $44.51M | $24.76M | $13.11M | $5.91M | $1.28M |
| Gross Profit | $434.56M | $338.96M | $252.23M | $126.56M | $45.22M | $5.55M |
| Gross Margin | 88.0% | 88.4% | 91.1% | 90.6% | 88.4% | 81.2% |
| Research and Development | $87.53M | $74.22M | $51.02M | $18.4M | $7.22M | $3.99M |
| Selling, General, and Administrative | $350.66M | $292.84M | $190.37M | $89.75M | $37.2M | $10.7M |
| Other | $9.1M | $356K | -$18K | -$662K | -$205K | -$133K |
| Total Operating Expenses | $448.6M | $367.06M | $241.38M | $108.14M | $44.42M | $14.69M |
| Operating Income (EBIT) | -$14.03M | -$28.1M | $6.67M | $18.42M | $801K | -$9.14M |
| Operating Margin | -2.8% | -7.3% | 2.4% | 13.2% | 1.6% | -133.8% |
| Interest Expense | $196K | $294K | $295K | $1.14M | $920K | $887K |
| Interest Income | $15.61M | $1.85M | $154K | $484K | $89K | $92K |
| Other Income (Expense) | $18.28M | $1.91M | -$159K | -$4.63M | -$1.99M | -$1.01M |
| Income Before Tax (EBT) | $4.25M | -$26.18M | $10.69M | $13.79M | -$1.19M | -$10.15M |
| Income Tax Expense | $5.88M | $3.08M | $845K | $0 | $715K | $0 |
| Net Income | -$1.64M | -$29.27M | $9.84M | $13.79M | -$1.91M | -$10.15M |
| Net Income Margin | -0.3% | -7.6% | 3.6% | 9.9% | -3.7% | -148.7% |
| Supplementary Data | ||||||
| EPS | -0.03 | -0.55 | 0.20 | 0.43 | -0.04 | -0.23 |
| Diluted EPS | -0.03 | -0.55 | 0.18 | 0.27 | -0.04 | -0.23 |
| Weighted Average OS | 56.77M | 52.84M | 49.82M | 32.03M | 48.18M | 44.95M |
| EBITDA | $15.19M | -$18.77M | $15.29M | $16.31M | $343K | -$8.98M |
| EBITDA Margin | 3.1% | -4.9% | 5.5% | 11.7% | 0.7% | -131.5% |
Balance Sheet
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $38.6M | $60.22M | $92.75M | $114.23M | $23.64M | $21.83M |
| Short-Term Investments | $76.86M | $266.18M | $83.35M | $49.98M | $0 | $0 |
| Cash and Short-Term Investments | $115.45M | $326.4M | $176.1M | $164.21M | $23.64M | $21.83M |
| Accounts Receivable | $70.12M | $58.61M | $42.35M | $28.01M | $11.3M | $2.23M |
| Inventory | $42.9M | $32.58M | $21.05M | $10.6M | $3.95M | $1.09M |
| Other Current Assets | $7.09M | $5.31M | $5.69M | $278K | $50K | $326K |
| Total Current Assets | $235.56M | $422.9M | $245.2M | $205.67M | $39.41M | $25.96M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $69.34M | $72.36M | $61.38M | $7.5M | $3.33M | $920K |
| Goodwill | $214.34M | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $150.88M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.5M | $8.3M | $3.98M | $338K | $338K | $758K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2.62M | $589K | $981K | $583K | $1.47M | -$741K |
| Total Long-Term Assets | $438.67M | $81.25M | $66.34M | $8.42M | $5.14M | $937K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $674.24M | $504.15M | $311.54M | $214.09M | $44.55M | $26.9M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $10.58M | $7.66M | $6.54M | $3.05M | $2.55M | $714K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $15.36M | $8.25M | $10.74M | $2.59M | $1.1M | $0 |
| Total Current Liabilities | $76.34M | $56.17M | $42.51M | $13.84M | $8.87M | $2.13M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $19.48M | $9.84M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $36.23M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $66.4M | $0 | $1.42M | $0 | $55.34M | $54.38M |
| Total Long-Term Liabilities | $132.99M | $30.98M | $29.82M | $0 | $74.82M | $64.22M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $209.32M | $87.15M | $72.33M | $13.84M | $83.69M | $66.35M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $54.17M | $54.17M |
| Common Stock | $58K | $54K | $50K | $49K | $7K | $6K |
| Retained Earnings | -$48.49M | -$46.85M | -$17.58M | -$27.42M | -$41.21M | -$40.12M |
| Comprehensive Income & Other | $8.88M | $849K | -$402K | $4K | -$54.17M | -$1.06M |
| Other Stockholders' Equity | $513.34M | $463.8M | $256.74M | $227.63M | $2.06M | $672K |
| Total Equity | $464.91M | $417M | $239.21M | $200.25M | -$39.14M | -$39.45M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $674.24M | $504.15M | $311.54M | $214.09M | $44.55M | $26.9M |
| Supplementary Data | ||||||
| Total Debt | $32.05M | $32.29M | $29.21M | $0 | $19.48M | $9.84M |
| Net Debt | -$6.55M | -$27.93M | -$63.55M | -$114.23M | -$4.16M | -$12M |
Cash Flow Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||
| Net Income | -$1.64M | -$29.27M | $9.84M | $13.79M | -$1.19M | -$10.15M |
| Depreciation & Amortization | $10.73M | $7.12M | $4.31M | $1.39M | $614K | $283K |
| Deferred Income Tax | -$584K | $0 | $47K | $4.2M | $1.3M | $144K |
| Stock-Based Compensation | $40.34M | $28.67M | $25.45M | $3.52M | $505K | $248K |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$11.05M | -$17.03M | -$14.36M | -$16.71M | -$8.95M | -$2.17M |
| Inventory | -$7.44M | -$11.69M | -$10.49M | -$6.64M | -$2.87M | -$558K |
| Accounts Payable | $344K | $1.14M | $3.51M | $498K | $1.83M | $372K |
| Other Working Capital | $20.79M | $6.11M | $7.04M | $1.68M | $3.73M | $831K |
| Total Working Capital Change | $2.64M | -$21.47M | -$14.3M | -$21.17M | -$6.26M | -$1.52M |
| Other Non-Cash Items | -$15.56M | $973K | $143K | $181K | $101K | $106K |
| Net Cash from Operating | $35.93M | -$13.97M | $25.49M | $1.91M | -$4.94M | -$10.89M |
| Investing Activities | ||||||
| Capital Expenditures | -$4.71M | -$9.95M | -$13.64M | -$5.46M | -$3.14M | -$753K |
| Acquisitions | -$240.42M | $185.26M | $37.38M | $0 | $0 | $0 |
| Purchases of Investments | -$406.74M | -$497.87M | -$134.38M | -$49.98M | $0 | $0 |
| Sales of Investments | $595.34M | $312.6M | $97M | $0 | $0 | $0 |
| Other Investing Activities | -$1.49M | -$185.26M | -$37.38M | -$49.98M | $0 | $0 |
| Net Cash from Investing | -$58.02M | -$195.22M | -$51.02M | -$55.44M | -$3.14M | -$753K |
| Financing Activities | ||||||
| Debt Repaid | - | - | - | $20.25M | -$9.86M | - |
| Common Stock Issuance | $9.92M | $182.82M | $5.56M | $164.36M | $127K | $26.93M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$9.57M | -$5.68M | -$1.49M | $4K | $364K | -$161K |
| Net Cash from Financing | $1.17M | $177.14M | $4.07M | $144.12M | $10.22M | $26.76M |
| Forex Effect | -$94K | -$480K | -$402K | $0 | $0 | $0 |
| Net Change in Cash | -$21.01M | -$32.53M | -$21.86M | $90.59M | $2.14M | $15.11M |
| Supplementary Data | ||||||
| Operating Cash Flow | $35.93M | -$13.97M | $25.49M | $1.91M | -$4.94M | -$10.89M |
| Capital Expenditure | -$6.2M | -$9.95M | -$13.64M | -$5.46M | -$3.14M | -$753K |
| Free Cash Flow | $29.73M | -$23.92M | $11.84M | -$3.55M | -$8.08M | -$11.64M |
| Cash at Beginning | $60.22M | $92.75M | $114.62M | $24.03M | $21.88M | $6.77M |
| Cash at End | $39.21M | $60.22M | $92.75M | $114.62M | $24.03M | $21.88M |