Personalis Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheet Details
Note 4. Balance Sheet Details
Inventory and other deferred costs consist of the following (in thousands):
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Raw materials | $5,661 | $6,384 |
| Other deferred costs | 4,813 | 2,207 |
| Total inventory and other deferred costs | $10,474 | $8,591 |
Property and equipment, net consists of the following (in thousands):
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Machinery and equipment | $27,809 | $21,537 |
| Computer equipment | 17,923 | 17,803 |
| Computer software | 2,961 | 3,010 |
| Furniture and fixtures | 2,045 | 2,152 |
| Construction in progress | 3,485 | 3,989 |
| Leasehold improvements | 40,811 | 40,370 |
| Total | 95,034 | 88,861 |
| Less: accumulated depreciation and amortization | (37,668) | (26,926) |
| Property and equipment, net | $57,366 | $61,935 |
Depreciation and amortization expense for the years ended December 31, 2023, 2022, and 2021 was $11.3 million, $8.4 million, and $6.0 million, respectively.
Restricted cash. The Company’s restricted cash is pledged as collateral for a standby letter of credit related to a property lease. The balance of restricted cash was $1.8 million as of December 31, 2023 and 2022, and is included in other long-term assets.
Accrued and other current liabilities consist of the following (in thousands):
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Accrued compensation | $12,816 | $9,008 |
| Operating lease liabilities | 7,761 | 5,391 |
| Loans—current portion (Note 6) | 1,646 | 2,218 |
| Accrued liabilities | 858 | 1,700 |
| Employee ESPP contributions | 311 | 543 |
| Customer deposits | 512 | 30 |
| Accrued taxes | 37 | 123 |
| Total accrued and other current liabilities | $23,941 | $19,013 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.