SEC Comment Letter 0000000000-23-007533 to NantHealth, Inc. (NHIQ) (CIK 0001566469)
NantHealth, Inc. (NHIQ) (CIK 0001566469)
Date: July 14, 2023 · CIK: 0001566469 · Accession: 0000000000-23-007533
AI Filing Summary & Sentiment
File numbers found in text: 001-37792
Letter
United States securities and exchange commission logo July 14, 2023 Bob Petrou Chief Financial Officer NantHealth, Inc. 3000 RDU Center Drive, Suite 200 Morrisville, North Carolina 27560 Re:NantHealth, Inc. Form 10-K for the Fiscal Year Ended December 31, 2022 Filed April 14, 2023 File No. 001-37792 Dear Bob Petrou: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2022 Note 8. Goodwill, page 117 1.In light of the significant decline of your market capitalization, please tell us the factors you considered when determining goodwill is not impaired. Specifically address the qualitative factors outlined in ASC 350-20-35-3C and include in your response why your quantitative analysis did not result in an impairment given your net losses, negative cash flows, and stockholders’ deficit. Tell us and consider disclosing the percentages by which the estimated fair value exceed the carrying value at the date of the your impairment test. Lastly, tell us if you performed interim impairment testing during the three months ended March 31, 2022. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Joseph Cascarano, Senior Staff Accountant, at (202) 551-3376
FirstName LastNameBob Petrou Comapany NameNantHealth, Inc. July 14, 2023 Page 2 FirstName LastName Bob Petrou NantHealth, Inc. July 14, 2023 Page 2 or Robert S. Littlepage, Accountant Branch Chief, at (202) 551-3361 with any questions. Sincerely, Division of Corporation Finance Office of Technology
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United States securities and exchange commission logo
July 14, 2023
Bob Petrou
Chief Financial Officer
NantHealth, Inc.
3000 RDU Center Drive, Suite 200
Morrisville, North Carolina 27560
Re:NantHealth, Inc.
Form 10-K for the Fiscal Year Ended December 31, 2022
Filed April 14, 2023
File No. 001-37792
Dear Bob Petrou:
We have reviewed your filing and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2022
Note 8. Goodwill, page 117
1.In light of the significant decline of your market capitalization, please tell us the factors
you considered when determining goodwill is not impaired. Specifically address the
qualitative factors outlined in ASC 350-20-35-3C and include in your response why your
quantitative analysis did not result in an impairment given your net losses, negative cash
flows, and stockholders’ deficit. Tell us and consider disclosing the percentages by which
the estimated fair value exceed the carrying value at the date of the your impairment test.
Lastly, tell us if you performed interim impairment testing during the three months ended
March 31, 2022.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Joseph Cascarano, Senior Staff Accountant, at (202) 551-3376
FirstName LastNameBob Petrou
Comapany NameNantHealth, Inc.
July 14, 2023 Page 2
FirstName LastName
Bob Petrou
NantHealth, Inc.
July 14, 2023
Page 2
or Robert S. Littlepage, Accountant Branch Chief, at (202) 551-3361 with any questions.
Sincerely,
Division of Corporation Finance
Office of Technology