Source document
Income flow
| Revenue — GREEN | $95.4M | +122.3% YoY |
|---|---|---|
| Gross margin — GREEN | 99.4% | |
| Net income — GREEN | -$863.2M | -288.5% YoY |
| Net margin — GREEN | -904.3% | |
| Operating margin — RED | -137.8% |
operating_cf_burnnet_margin_sharply_negativecash_conversion_weakcash_runway_lowsbc_revenue_elevated| Metric | Value | Flag |
|---|---|---|
| EPS (diluted) | $-0.83 | GREEN |
| Gross Margin | 99.4% | GREEN |
| Net Income | -$863.2M | GREEN |
| Net Margin | -904.3% | GREEN |
| Operating Margin | -137.8% | RED |
| R&D % Revenue | 1.0% | GREEN |
| Revenue | $95.4M | GREEN |
| Revenue (quarter) | $51.2M | GREEN |
| Metric | Value | Flag |
|---|---|---|
| Broad Liquidity | $357.4M | GREEN |
| Cash | $75.7M | GREEN |
| Current Ratio | 5.72 | GREEN |
| Debt/Equity | -0.54 | GREEN |
| Total Assets | $628.5M | GREEN |
| Total Equity | -$1.05B | GREEN |
| Metric | Value | Flag |
|---|---|---|
| Cash Conversion (CFO/Rev) | -1.49 | GREEN |
| Free Cash Flow | -$147.1M | GREEN |
| Operating CF | -$141.9M | GREEN |
| SBC % Revenue | 17.5% | GREEN |
Sections in this filing
MD&A
Table of Contents ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Forward-Looking Statements The following discussion and analysis of our financial condition and results of operations should be read together with the description of our business and the condensed consolidated financial statements and related notes thereto Part I, Item 1. “Financial Statements” in this Quarterly Report. This Quarterly Report contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act that are based on our management’s beliefs and assumptions and on information currently available to our management. Actual results could differ materially from those discussed in or implied by such forward-looking statements. Factors that could cause or contribute to these differences include those discussed below and elsewhere in this Quarterly Report, particularly in Part II, Item 1A. “ Risk Factors .” Except as required by law, we do not undertake any responsibility to update any of these factors or to announce publicly any revisions to any of the forward-looking statements contained in this or any document, whether as a result of new information, future events, or otherwise. Forward-looking statements include, but are not limited to: • our ability to successfully commercialize ANKTIVA globally in current and future approved indications (including NMIBC and NSCLC), and to obtain incremental regulatory approvals for new indications (including BCG-unresponsive NMIBC with CIS, with or without papillary tumors, BCG-unresponsive NMIBC papillary only, and NSCLC) from the FDA and applicable international regulatory agencies; • our expectations regarding the operation and effectiveness of our approved product and product candidates and related benefits, potential future uses and applications of our approved product and product candidates, including potential use in cancer vaccines and across multiple tumor types, and the benefits and uses or our strategy and technology generally; • our ability to obtain additional financing to fund our operations and advance the commercialization of our approved product and the development and commercialization of our other product candidates; • our ability to comply with the terms, conditions, covenants, restrictions, and obligations set forth in the RIP