Private company

Avinger Inc

Last updated Oct 16, 2026.

Overview

  • IndustrySurgical & Medical Instruments & Apparatus
  • HeadquartersDE
  • Incorporated inDE2
  • Business address400 Chesapeake Drive, Redwood City, Ca 940632
  • Filer categoryNon-accelerated filer, Smaller reporting company2

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

26.2%Gross margin3
-217.4%Operating margin3
-239.4%Net margin3
-7.5%Revenue growth, 20233
-$14.4MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue22¢$5.6M
  • Research and development17¢$4.5M
  • Selling, general and admin54¢$14.1M
  • Interest7¢$1.7M

Out of $7.7M in revenue.3 The company lost money this year.

Financial statements

Revenue456783$7.7M in 2023−23% since 2017
0$5.0M$10.0M$15.0M2017: $9.9M$9.9M20172018: $7.9M$7.9M2018−20%2019: $9.1M$9.1M2019+15%2020: $8.8M$8.8M2020−4%2021: $10.1M$10.1M2021+16%2022: $8.3M$8.3M2022−18%2023: $7.7M$7.7M2023−8%
Gross profit956783$2.0M in 2023
-$4.0M-$2.0M0$2.0M$4.0M2017: -$3.1M-$3.1M20172018: $1.4M$1.4M20182019: $2.9M$2.9M2019+107%2020: $2.6M$2.6M2020−9%2021: $3.4M$3.4M2021+31%2022: $2.7M$2.7M2022−22%2023: $2.0M$2.0M2023−25%
Operating income956783-$16.6M in 2023−61% since 2017
-$60.0M-$40.0M-$20.0M02017: -$42.6M-$42.6M20172018: -$23.0M-$23.0M2018−46%2019: -$19.4M-$19.4M2019−16%2020: -$17.4M-$17.4M2020−10%2021: -$18.1M-$18.1M2021+4%2022: -$16.0M-$16.0M2022−12%2023: -$16.6M-$16.6M2023+4%
Net income956783-$18.3M in 2023−62% since 2017
-$60.0M-$40.0M-$20.0M02017: -$48.7M-$48.7M20172018: -$27.6M-$27.6M2018−43%2019: -$19.4M-$19.4M2019−29%2020: -$19.0M-$19.0M2020−2%2021: -$17.4M-$17.4M2021−8%2022: -$17.6M-$17.6M2022+1%2023: -$18.3M-$18.3M2023+4%
Fiscal year2017201820192020202120222023
Revenue$9.9M4$7.9M5$9.1M6$8.8M7$10.1M8$8.3M3$7.7M3
Cost of revenue$13.0M9$6.5M5$6.3M6$6.1M7$6.7M8$5.6M3$5.6M3
Gross profit-$3.1M9$1.4M5$2.9M6$2.6M7$3.4M8$2.7M3$2.0M3
Research and development$11.3M9$6.0M5$5.7M6$5.7M7$5.9M8$4.4M3$4.5M3
Selling, general and admin$25.1M9$18.4M5$16.5M6$14.3M7$15.6M8$14.2M3$14.1M3
Operating income-$42.6M9-$23.0M5-$19.4M6-$17.4M7-$18.1M8-$16.0M3-$16.6M3
Interest$6.3M9$5.7M5$1.5M6$1.7M7$1.6M8$1.7M3$1.7M3
Income tax$07$08$03$03
Net income-$48.7M9-$27.6M5-$19.4M6-$19.0M7-$17.4M8-$17.6M3-$18.3M3
Earnings per share-$4.578-$65.333-$23.313

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Recent filings

  1. Feb 10, 20258-K
  2. Feb 5, 20258-K
  3. Jan 24, 20258-K
  4. Jan 24, 20254
  5. Jan 24, 20254
  6. Jan 24, 20254
  7. Jan 3, 20258-K
  8. Jan 2, 20258-K
  9. Dec 23, 2024DEF 14A
  10. Dec 19, 20248-K
  11. Dec 13, 20248-K
  12. Dec 11, 20248-K
  13. Nov 22, 20248-K
  14. Nov 7, 202410-Q
  15. Nov 7, 20248-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.1