Private company

POLARITYTE, INC.

POLARITYTE, INC. is an American biological products company based in Salt Lake City.1

Last updated Oct 20, 2026.

Overview

  • IndustryBiological Products, (No Diagnostic Substances)1
  • HeadquartersSalt Lake City, Utah1
  • Incorporated inDE2
  • Business address1960 S. 4250 West, Salt Lake City, Ut 841042
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Financials

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

Key numbers, fiscal 2022

24.3%Gross margin3
-2748.5%Operating margin3
-962.3%Net margin3
-91.3%Revenue growth, 20223
-47.1%Return on equity3
-$22.6MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue5¢$616.0K
  • Research and development95¢$11.0M

Out of $814.0K in revenue.3 The company lost money this year.

Financial statements

Revenue45673$814.0K in 2022−47% since 2016
0$5.0M$10.0M$15.0M2016: $1.5M$1.5M20162018: $2.2M$2.2M2018+44%2019: $5.7M$5.7M2019+154%2020: $10.1M$10.1M2020+79%2021: $9.4M$9.4M2021−7%2022: $814.0K$814.0K2022−91%
Gross profit45673$198.0K in 2022−84% since 2016
0$2.0M$4.0M$6.0M2016: $1.3M$1.3M20162018: $841.0K$841.0K2018−33%2019: $3.2M$3.2M2019+277%2020: $5.7M$5.7M2020+80%2021: $5.1M$5.1M2021−11%2022: $198.0K$198.0K2022−96%
Operating income895673-$22.4M in 2022+446% since 2016
-$150.0M-$100.0M-$50.0M02016: -$4.1M-$4.1M20162017: -$130.6M-$130.6M2017+3086%2018: -$75.1M-$75.1M2018−43%2019: -$93.4M-$93.4M2019+24%2020: -$45.9M-$45.9M2020−51%2021: -$33.7M-$33.7M2021−27%2022: -$22.4M-$22.4M2022−34%
Net income895673-$7.8M in 2022+69% since 2016
-$150.0M-$100.0M-$50.0M02016: -$4.6M-$4.6M20162017: -$130.8M-$130.8M2017+2720%2018: -$72.9M-$72.9M2018−44%2019: -$92.5M-$92.5M2019+27%2020: -$42.9M-$42.9M2020−54%2021: -$30.2M-$30.2M2021−30%2022: -$7.8M-$7.8M2022−74%
Fiscal year2016201720182019202020212022
Revenue$1.5M4$2.2M5$5.7M6$10.1M7$9.4M3$814.0K3
Cost of revenue$286.0K4$1.4M5$2.5M6$4.4M7$4.3M3$616.0K3
Gross profit$1.3M4$841.0K5$3.2M6$5.7M7$5.1M3$198.0K3
Research and development$90.0K4$7.1M9$17.9M5$16.4M6$11.5M7$14.2M3$11.0M3
Operating expenses$400.0K3$1.2M3
Operating income-$4.1M8-$130.6M9-$75.1M5-$93.4M6-$45.9M7-$33.7M3-$22.4M3
Income tax$04$302.0K5$06$07$03$03
Net income-$4.6M8-$130.8M9-$72.9M5-$92.5M6-$42.9M7-$30.2M3-$7.8M3
Earnings per share-$2.218-$26.579-$4.365-$3.706-$1.117-$9.433-$1.143
Earnings per share (diluted)-$5.088-$26.679-$4.835-$3.706-$1.167-$9.433-$1.673
Shares (weighted, basic)3.2M shares36.9M shares3
Shares (weighted, diluted)3.2M shares37.7M shares3

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Corporate structure

POLARITYTE, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of POLARITYTE, INC.

  • Jonathan Honig Filed SC 13G/A on POLARITYTE, INC., latest Feb 14, 2023 (2 filings since Aug 23, 2022)
  • POLARITYTE, INC. Salt Lake City, Utah

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What POLARITYTE, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$2.0M3 Dec 31, 2021$2.0M7 Dec 31, 20200%
Machinery and equipment$4.4M3 Dec 31, 2022$8.5M3 Dec 31, 2021−47.8%
Furniture and fixtures$100.0K3 Dec 31, 2022$123.0K3 Dec 31, 2021−18.7%
Computer equipment and software$570.0K3 Dec 31, 2022$1.1M3 Dec 31, 2021−49.5%
Leasehold improvements$1.8M3 Dec 31, 2022$2.1M3 Dec 31, 2021−14.2%
Construction in progress$133.0K3 Dec 31, 2021$87.0K7 Dec 31, 2020+52.9%
Property and equipment, before depreciation$6.9M3 Dec 31, 2022$14.0M3 Dec 31, 2021−50.6%
Accumulated depreciation$5.1M3 Dec 31, 2022$7.1M3 Dec 31, 2021−27.3%
Property and equipment, net$1.8M3 Dec 31, 2022$6.9M3 Dec 31, 2021−74.4%
Finance-lease assets$4.0K3 Dec 31, 2022$461.0K3 Dec 31, 2021−99.1%
Operating-lease assets (leased space)$6.9M3 Dec 31, 2022$1.1M3 Dec 31, 2021+502.6%

Real estate and locations

ItemLatestA year beforeChange
Area of land63,156 sq ft3 Nov 30, 20226,307 sq ft3 Apr 30, 2019+901.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$11.4M3 Dec 31, 2022$19.4M3 Dec 31, 2021−40.9%
Marketable securities, current$150.0K3 Dec 31, 2021$19.0M6 Dec 31, 2019−99.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$03 Dec 31, 2022$03 Dec 31, 2021

Leadership

Who has led POLARITYTE, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Morris Sutton2006
  2. Jesse Sutton2006–2015
  3. Barry C. Honig2015–2016
  4. Denver Lough2016–2019
  5. David B. Seaburg2020–2021

Chair

  1. Morris Sutton2006
  2. Barry C. Honig2015–2016

President

  1. Jesse Sutton2006
  2. David B. Seaburg2019–2020

Chief financial officer

  1. Jesse Sutton2006
  2. Paul Elliot Mann2018–2020
  3. Jacob Alexander Patterson2020–2022

Chief operating officer

  1. Edward Winslow Swanson2016–2019
  2. Richard Hague2019–2020
2010201520202025
Board members and other officers (36)

Former names

  • MAJESCO ENTERTAINMENT COMar 4, 2005 to Jan 10, 20172
  • MAJESCO HOLDINGS INCApr 27, 2004 to Apr 22, 20052
  • CONNECTIVCORPApr 8, 2004 to Apr 15, 20042
  • CONNECTIV CORPNov 14, 2001 to Apr 5, 20042
  • SPINROCKET COM INCDec 11, 2000 to Aug 14, 20012
  • CDBEAT COM INCMay 17, 1999 to Jan 31, 20002
  • SMD GROUP INCMar 22, 1999 to Feb 8, 19992

Timeline

  1. Aug 18, 20238-K Executive or director change; Bylaws or fiscal year changed60
  2. Aug 15, 20238-K Completed an acquisition or sale61
  3. Aug 1, 20238-K Executive or director change; Other events62
  4. Jul 7, 20238-K Listing notice or transfer63
  5. Jun 7, 20238-K Entered a material agreement; Bankruptcy or receivership; Regulation FD disclosure64
  6. Jun 7, 20238-K Listing notice or transfer65
  7. Apr 26, 20238-K Listing notice or transfer66
  8. Mar 20, 20238-K Other events67
  9. Jan 26, 20238-K Executive or director change68
  10. Jan 13, 20238-K Executive or director change69
  11. Dec 27, 20228-K Other events70
  12. Dec 1, 20228-K Entered a material agreement71
  13. Apr 2, 2020New chief executive David B. Seaburg becomes CEO13
  14. Dec 7, 2016New chief executive Denver Lough becomes CEO14
  15. Oct 5, 2015New chief executive Barry C. Honig becomes CEO15
  16. Sep 8, 2006New chief executive Jesse Sutton becomes CEO17
  17. Aug 7, 2006New chief executive Morris Sutton becomes CEO16

Filings

124 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 50 major events, 42 insider forms, 2 large holders, 1 private raises, 22 other. The latest 20:

  1. Aug 18, 20238-K EDGAR
  2. Aug 15, 2023NT 10-Q EDGAR
  3. Aug 15, 20238-K EDGAR
  4. Aug 11, 202315-12G EDGAR
  5. Aug 1, 20238-K EDGAR
  6. Jul 10, 202325-NSE EDGAR
  7. Jul 7, 20238-K EDGAR
  8. Jun 8, 2023RW EDGAR
  9. Jun 7, 20238-K EDGAR
  10. Jun 7, 20238-K EDGAR
  11. May 12, 202310-Q EDGAR
  12. Apr 26, 20238-K EDGAR
  13. Mar 27, 202310-K EDGAR
  14. Mar 20, 20238-K EDGAR
  15. Feb 14, 2023SC 13G/A AMENDMENT NO. 1 TO SCHEDULE 13G EDGAR
  16. Jan 30, 20234 EDGAR
  17. Jan 30, 20233 EDGAR
  18. Jan 26, 20238-K EDGAR
  19. Jan 17, 20234 EDGAR
  20. Jan 13, 20238-K EDGAR

The 124 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 0 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 17, 2022COHEN PETER ADirectorSale8,555$1.28$10.9KForm 4
Aug 16, 2022COHEN PETER ADirectorSale15,106$1.33$20.1KForm 4
Oct 19, 2021Seaburg David BDirectorSale31,037$0.55$17.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Jonathan HonigSC 13G/A, 2 filings Aug 23, 2022 to Feb 14, 202372

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jun 5, 2022Raised $4 million in a private offering of securities Form D: $11.6 million offered in all Form D

SEC filer profile

How POLARITYTE, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPOLARITYTE, INC.1
  • CIK0001076682
  • Employer ID (EIN)06-15295241
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2836 Biological Products, (No Diagnostic Substances)1
  • Business address1960 S. 4250 West, Salt Lake City, UT 841041
  • Phone(385) 266-31511
  • Shares outstanding7,376,231 as of May 9, 202312
  • Public float$7.0M as of Jun 30, 20223
  • On EDGAR sinceJan 15, 19991
  • Filings1,654 in all: 4 (713), 8-K (324), 3 (62), 10-Q (58), SC 13D/A (46), CORRESP (38), SC 13G/A (37), UPLOAD (26)1
    All 54 form types

    8-K/A (22), DEF 14A (20), SC 13D (20), 10-K (19), 424B5 (19), SC 13G (18), S-3/A (17), 10QSB (15), 4/A (15), 424B3 (13), EFFECT (13), S-3 (13), S-8 (13), 10-K/A (10), DEFA14A (10), NT 10-Q (10), 5 (9), PRE 14A (9), S-1/A (9), 10-Q/A (6), ARS (6), NT 10-K (6), S-1 (6), SB-2/A (5), 10KSB (4), D (4), DEF 14C (4), PRE 14C (4), RW (4), S-8 POS (4), POS AM (3), 3/A (2), 8-A12B (2), CT ORDER (2), REGDEX (2), SEC STAFF LETTER (2), 10-KT (1), 10QSB/A (1), 15-12G (1), 25-NSE (1), 424B1 (1), 8-A12B/A (1), 8-A12G (1), DFAN14A (1), FWP (1), SB-2 (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2023
    Quarterly report (10-Q) May 12, 2023
    Proxy statement (DEF 14A) Apr 8, 2022
    Latest 8-K (8-K) Aug 18, 2023

Sources

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