Financials

Overview

MDxHealth operates on a calendar basis with its accounting year ending on Dec. 31. The company reports its consolidated financial statements under International Financial Reporting Standards (IFRS) and all amounts are in US Dollars. MDxHealth publishes a consolidated and audited Annual Report on an annual basis, a consolidated Interim Report for its June 30 half-year financial figures, and business/financial updates at the end of Q1 and Q3.

Furthermore, for the Annual General Shareholders’ Meeting, the company also publishes the non-consolidated Belgian-GAAP financial statements of the parent company. Prior to October 5, 2010, MDxHealth operated under the name OncoMethylome Sciences

2021 Reporting Calendar

March 3, 2021: Publication of FY2020 results
April 21, 2021: Q1-2021 business update
May 27, 2021: Annual general shareholders’ meeting
August 26, 2021: Publication of H1-2021 results
October 21, 2021: Q3-2021 business update

3-year Snapshot

In “000” of USD

Profit & Loss	2020	2019	2018
Revenues	18,460	11,785	28,397
Gross Profit	8,044	30	16,745
Research & Development Expenses	-4.543	-8,897	-4,280
Selling & Marketing Expenses	-16,752	-17,809	-29,591⁽¹⁾
General & Administrative Expenses	-13,990	-15,196⁽¹⁾	-15,207⁽¹⁾
Other Operating (Expense)/Income	118	-197	235
Operating Loss	-27,123	-43,169	-32,098
Financial Expense, Net	-1,539	-506	-393
Loss Before Income Tax	-28,662	-43,675	-32.491
Income Tax	0	574	41
Loss for the Year	-28,662	-43,100	-32,450

(1) The comparative figures for 2018 have been reclassed to reflect the breakdown of Selling, General and Administrative Expenses into General and Administrative Expenses and Selling and Marketing Expenses. (2) 2017 figures are the aggregate of Selling, General and Administrative Expenses.

Assests

	2020	2019	2018
Total Non-Current Assets	8,765	9,721	17,613
Total Current Assets	23,091	30,907	47,863
Of Which Cash & Cash Equivalents	15,953	22,050	26,203
Total Assets	31,856	40,628	65,476

Liabilities and Shareholders’ Equity

	2020	2019	2018
Total Equity	5,849	19,724	52,117
Non-Current Liabilities	12,986	10,477	1,882
Current Liabilities	13,021	10,427	11,477
Total Equity & Liabilities	31,856	40,628	65,476

Cash Flows

	2020	2019	2018
Operating Cash Flow	-20,131	-22,289	-28,543
Investing Cash Flow	-537	-73	-1,345
Financing Cash Flow	14,954	17,965	41,672
Cash & Cash Equivalents at End of Period	15,953	22,050	26,203

Financial Reports

2021

2021 Interim Report: English I Français

2020

2020 Interim Report: English I Français

2020 Consolidated Figures: English

2020 Board Report on Financial Statements: English I Français

2020 Full Non-consolidated Statutory Accounts: Français

2020 Annual Report: English I Français

2020 Auditor Opinion: English I Français

2019

2019 Interim Report: English | Français

2019 Consolidated Figures: English

2019 Board Report on Financial Statements: English I Français

2019 Full Non-consolidated Statutory Accounts: Français

2019 Annual Report: English I Français

2019 Auditor Opinion: English I Français

2018

2018 Interim Report: English | Français

2018 Consolidated Figures: English

2018 Board Report: English

2018 Full non consolidated statutory Accounts: Français

2018 Annual Report: English | Français

2018 Auditor Opinion: English | Français

2017

2017 Annual Report “after correction to take into account a clerical drafting error”: english | français

Full year 2017 Non Consolidated Statutory Account: français

Auditors Opinion: english | français

Board Report on 2017 Financial Statements “after correction to take into account a clerical drafting error”: english | français

2017 Consolidated figures: english

2017 Interim report: english | français

2016

2016 Annual Report: english | français

Full year 2016 Non Consolidated Statutory Account : français

Auditors Opinion: english

Board Report on 2016 Financial Statements: english | français

2016 Interim report : english | français

2016 Consolidated figures: english

2015

2015 Interim report : english | français

2015 Consolidated Statement of Comprehensive Income: english

2015 Annual Report : english | français

Full Year 2015 Non Consolidated Statutory Accounts: français

Auditors Opinion: english | français

2014

Full Annual Report: english | français

2014 Consolidated Statements: english

Full Year 2014 Non Consolidated Statutory Accounts: français

Auditors Opinion: english | français

2014 Interim Report: english | français

2013

2013 Interim Report: english | français

Full Annual Report: english | français

New full year 2013 non-consolidated statement account: français

Auditor’s opinion: english | français

Full year 2013 non-consolidated statutory accounts: français

Consolidated Financial Statements 2013: english

2012

Full year 2012 Registration Document (Annual Report): English | Français

2012 Auditor’s opinion: English | Français

Full year 2012 non-consolidated statutory accounts: Français

2012 Interim Report: English | Français

Consolidated Financial Statements 2012: English

2011

Full year 2011 Registration Document (Annual report): English | Français

2011 Auditor’s Opinion: English | Français

Full year 2011 non-consolidated statutory accounts and reports: Français

2011 Interim Report: English | Français

2011 Full Year Results Financial Report: English

2010

2010 Auditor’s Opinion: English | Français

Full year 2010 non-consolidated statutory accounts and reports: Français

2010 Full Year Results Financial Report: English

2010 Interim Report: English | Français

2009

Full year 2009 non-consolidated statutory accounts and reports: Français

2009 Full Year Results Financial Report: English

2009 Interim Report: English | Français

Full year 2009 Registration Document (Annual report): English | Français

2008

2008 Annual Brochure: English | Français

2008 Registration Document: English | Français

2008 Full Year Results Financial Report: English

2008 Interim Report: English | Français

2007

Full year 2007 Registration Document (Annual Report): English | Français

2007 Full Year Results: English | Français

2007 Full Year Results Financial Report: English

2007 Half Year Results: English | Français

2007 Half Year Results Financial Report: English

2006 Annual Brochure: English | Français

2006

Statutory Statements with Reports of Board and Auditor: English

2006 Half year Report (June 30 figures): Français

Full year 2006 Registration Document (Annual Report): English | Français

2006 Full Year Results: English | Français

2006 Full Year Results Financial Report: English

SEC Filings

Special Reports

The financial service for the shares of the company is provided in Belgium by ING. Shareholders should inform themselves about the costs that other financial intermediaries may charge in connection with paying agency services.