Exhibit 12.1
Accelerate Diagnostics, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
Year ended December 31, | ||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||
Earnings: | ||||||||||||||||
Net income (Loss) before income taxes | $ | (66,107) | $ | (45,498) | $ | (30,933) | $ | (15,282) | $ | (8,124) | ||||||
Add (Deduct): | ||||||||||||||||
+ Fixed charges | $ | 45 | $ | 27 | $ | 12 | $ | 7 | $ | 2 | ||||||
Adjusted Earnings | $ | (66,062) | $ | (45,471) | $ | (30,921) | $ | (15,275) | $ | (8,122) | ||||||
Fixed Charges (1) | $ | 45 | $ | 27 | $ | 12 | $ | 7 | $ | 2 | ||||||
Ratio of Earnings to Fixed Charges (2) | (3) | (3) | (3) | (3) | (3) |
(1) | The interest factor attributable to property-related rent is 4%, which is deemed by the Company to be representative of the interest factor inherent in rent. |
(2) | There was no outstanding preferred stock during the periods presented; therefore, the ratio of earnings to fixed charges and earnings to combined fixed charges and preferred stock dividends were the same. |
(3) | There are no ratios for the periods covered because earnings were not adequate to cover fixed charges by $66.1 million, $45.5 million, $30.9 million, $15.3 million, and $8.1 million for the years ended December 31, 2016, 2015, 2014, 2013, and 2012, respectively. |