UTAH MEDICAL PRODUCTS INC
Business
Utah Medical Products, Inc. designs, manufactures and markets medical devices for critical care settings including neonatal intensive care units, labor and delivery departments, and women's health centers. Its product portfolio includes fetal monitoring accessories, labor and delivery tools, vacuum-assisted delivery systems, neonatal devices, gynecological instruments, pressure monitoring systems, and biopharmaceutical manufacturing components. UTMD sells directly to clinical end-users and distributors domestically, through owned subsidiaries and independent distributors internationally, and manufactures components and finished devices on a contract basis for other medical device companies.
Summary from 10-K filed 2026-03-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Sales, net (notes 1, 3, 9 and 11) | 39 | 41 | 50 | 52 | 49 | |
| Cost of goods sold | 17 | 17 | 20 | 20 | 18 | |
| Gross profit | 22 | 24 | 30 | 32 | 31 | |
| Sales and marketing | 2 | 2 | 2 | 2 | 1 | |
| Research and development | 668,000 | 813,000 | 560,000 | 493,000 | 526,000 | |
| General and administrative | 8 | 8 | 11 | 10 | 10 | |
| Operating income | 11 | 14 | 17 | 20 | 19 | |
| Dividend and interest income | 3 | 3 | 3 | 661,000 | 166,000 | |
| Royalty income (note 12) | 20,000 | 15,000 | 20,000 | 20,000 | 15,000 | |
| Other, net | −120,000 | −174,000 | 256,000 | 188,000 | 0 | |
| Income before provision for income taxes | 14 | 17 | 20 | 21 | 19 | |
| Provision for income taxes (note 7) | 3 | 3 | 3 | 4 | 4 | |
| Net income | 11 | 14 | 17 | 16 | 15 | |
| Earnings per common share (basic) (note 1) | 3.48 | 3.96 | 4.58 | 4.53 | 4.05 | |
| Earnings per common share (diluted) | 3.48 | 3.96 | 4.57 | 4.52 | 4.04 | |
| Foreign currency translation net of taxes of $0 in all periods | 2 | −1 | 1 | −3 | −773,000 | |
| Total comprehensive income | 14 | 13 | 18 | 13 | 14 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 86 | 83 | 93 | 75 | 61 | |
| Accounts and other receivables, net (note 2) | 4 | 4 | 3 | 6 | 5 | |
| Inventories (note 2) | 8 | 9 | 10 | 9 | 7 | |
| Prepaid expenses and other current assets | 529,000 | 448,000 | 428,000 | 515,000 | 456,000 | |
| Total current assets | 98 | 96 | 106 | 90 | 73 | |
| Property and equipment, net (notes 4 and 10) | 10 | 10 | 11 | 10 | 11 | |
| Goodwill | 14 | 14 | 14 | 13 | 14 | |
| Other intangible assets (note 2) | 56 | 54 | 54 | 53 | 56 | |
| Other intangible assets - accumulated amortization | −55 | −51 | −49 | −42 | −39 | |
| Other intangible assets - net (note 2) | 840,000 | 3 | 5 | 10 | 18 | |
| Total assets | 123 | 123 | 135 | 124 | 116 | |
| Accounts payable | 911,000 | 696,000 | 769,000 | 1 | 761,000 | |
| Accrued expenses (note 2) | 2 | 3 | 4 | 5 | 3 | |
| Total current liabilities | 3 | 4 | 5 | 6 | 4 | |
| Long term lease liability | 225,000 | 282,000 | 295,000 | — | — | |
| Deferred tax liability - intangible assets | 114,000 | 603,000 | 1 | 2 | 2 | |
| Deferred income taxes (note 7) | 337,000 | 469,000 | 322,000 | 549,000 | 577,000 | |
| Total liabilities | 3 | 5 | 7 | 10 | 8 | |
| Commitments and contingencies (notes 6 and 12) | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $.01 par value; 50,000 shares authorized, issued 3,186 shares in 2025 and 3,335 shares in 2024 | 32,000 | 33,000 | 36,000 | 36,000 | 37,000 | |
| Accumulated other comprehensive loss | −9 | −12 | −11 | −12 | −9 | |
| Additional paid-in capital | 0 | 0 | 594,000 | 251,000 | 841,000 | |
| Retained earnings | 129 | 129 | 138 | 126 | 115 | |
| Total stockholders' equity | 119 | 117 | 128 | 114 | 107 | |
| Total liabilities and stockholders' equity | 123 | 123 | 135 | 124 | 116 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 826,000 | 730,000 | 623,000 | 612,000 | 636,000 | |
| Amortization | 2 | 2 | 6 | 6 | 7 | |
| Provision for losses on accounts receivable | 367,000 | −4,000 | −33,000 | 30,000 | 24,000 | |
| Amortization of operating lease assets | 56,000 | 51,000 | 53,000 | 53,000 | 3,000 | |
| Deferred income taxes | −659,000 | −359,000 | −693,000 | — | — | |
| Stock-based compensation expense | 373,000 | 256,000 | 225,000 | 183,000 | 166,000 | |
| Tax benefit attributable to exercise of stock options | 0 | 21,000 | 12,000 | 6,000 | 39,000 | |
| Accounts receivable | 338,000 | −835,000 | 2 | −511,000 | −1 | |
| Other receivables | −5,000 | 54,000 | 0 | −14,000 | −42,000 | |
| Inventories | 1 | 587,000 | −670,000 | −2 | −485,000 | |
| Prepaid expenses and other current assets | −54,000 | −32,000 | 45,000 | −64,000 | −81,000 | |
| Accounts payable | 211,000 | −73,000 | −456,000 | 464,000 | −23,000 | |
| Accrued expenses | −1 | −2 | −1 | 252,000 | 713,000 | |
| Net cash provided by operating activities | 15 | 15 | 22 | 21 | 21 | |
| Property and equipment | −371,000 | −230,000 | −639,000 | −809,000 | −552,000 | |
| Intangible assets | 0 | −5,000 | 0 | −9,000 | 0 | |
| Proceeds from the sale of property and equipment | 0 | 27,000 | 0 | 0 | — | |
| Net cash (used in) investing activities | −371,000 | −208,000 | −639,000 | −818,000 | −552,000 | |
| Proceeds from issuance of common stock - options | 0 | 390,000 | 117,000 | 174,000 | 560,000 | |
| Common stock purchased and retired | −8 | −20 | 0 | −2 | 0 | |
| Dividends paid | −4 | −4 | −4 | −3 | −11 | |
| Net cash (used in) financing activities | −12 | −24 | −4 | −5 | −11 | |
| Effect of exchange rate changes on cash | 797,000 | −677,000 | 339,000 | −767,000 | −362,000 | |
| Net increase (decrease) in cash and cash equivalents | 3 | −10 | 18 | 14 | 9 | |
| Income taxes | 4 | 5 | 5 | 5 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is UTAH MEDICAL PRODUCTS INC's CIK number?
UTAH MEDICAL PRODUCTS INC's SEC CIK number is 0000706698 (706698). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find UTAH MEDICAL PRODUCTS INC's SEC filings?
All of UTAH MEDICAL PRODUCTS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did UTAH MEDICAL PRODUCTS INC last report earnings?
UTAH MEDICAL PRODUCTS INC (UTMD) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001096906-26-000602). This is UTAH MEDICAL PRODUCTS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is UTAH MEDICAL PRODUCTS INC's most recent earnings 8-K?
UTAH MEDICAL PRODUCTS INC's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001096906-26-000602. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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