(0.34%) 5 321.06 points
(-0.09%) 39 968 points
(0.80%) 16 819 points
(-0.74%) $79.47
(3.39%) $2.72
(0.52%) $2 429.90
(2.88%) $32.16
(-2.35%) $1 064.40
(0.06%) $0.920
(0.15%) $10.69
(-0.10%) $0.786
(-0.41%) $90.59
Q1/2024
Generated By Getagraph.com: 2024-03-31
CytomX Therapeutics Inc [CTMX]
0.26% $ 1.895
Börse: NASDAQ Sektor: Healthcare Industrie: Biotechnology
This report provides an analysis of the financial results for CytomX Therapeutics Inc. (NASDAQ: CTMX) for the first quarter of the 2024 fiscal year, as reported on May 8, 2024. It details the revenue generation, expense management, and profitability metrics, illustrating the company's financial position and operational efficiency during the period.
CytomX Therapeutics Inc. reported a strong financial performance in Q1 2024, with total revenue reaching $41.46 million. This was accompanied by a gross profit of $41.46 million, maintaining a gross profit margin of 100%. This exceptional margin reflects a period of high operational efficiency and effective cost management.
Research and Development (R&D) expenses were substantial, amounting to $22.05 million, which represents approximately 53.16% of the total revenue. General and Administrative (G&A) expenses were maintained at $7.75 million. Total operating expenses amounted to $29.81 million, leading to an Operating Income of $11.66 million.
Furthermore, CytomX Therapeutics Inc. reported an Income Before Tax of $13.84 million and a Net Income of $13.79 million after accounting for an income tax expense of $49,000. This results in an effective Net Income Margin of approximately 33.26% and an Earnings Per Share (EPS) of $0.17.
In terms of cash flow, CytomX concluded the quarter with $37.10 million in cash, reflecting a net change in cash of $19.01 million throughout the period, indicating a strong liquidity position despite a reported negative Free Cash Flow of $26.16 million due to ongoing operational investments.
The company's total assets were recorded at $184.69 million, against total liabilities of $216.37 million, resulting in a negative Stockholders' Equity of $31.68 million. This negative equity position raises concerns regarding the company's financial leverage and solvency in the long term.
Key financial ratios include a P/E Ratio TTM (trailing twelve months) of an impressive 20.79x, showcasing high market expectations of future earnings growth. The company's Current Ratio and Quick Ratio were recorded at 115.71% and 113.09% respectively, indicating satisfactory short-term financial stability. The Debt-to-Equity Ratio was notably negative at -40.63%, underlining peculiarities in the company's capital structure with a negative equity base.
The financial results of CytomX Therapeutics Inc. for Q1 2024 demonstrate effective revenue generation and profitability. However, the significant financial liabilities and negative equity highlight areas that require focused strategic attention to ensure long-term financial health and build investor confidence.
For more detailed information, please consult the full financial report, which can be accessed here.
Revenues Q1 - 2024
Revenue | Gross Profit | Operating Expenses | Interest Expense | EBITDA | Net Income | EPS |
---|---|---|---|---|---|---|
$41.46M | $41.00M | $29.34M | $0 | $12.12M | $13.79M | $0.170 |
Balance Q1 - 2024
Net Income | Depreciation and Amortization | Stock Based Compensation | Change in Working Capital | Net Cash Provided by Operating Activities | Capital Expenditure | Free Cash Flow |
---|---|---|---|---|---|---|
$13.79M | $467 000 | $1.91M | $-41.33M | $-26.05M | $-115 000 | $-26.16M |