Login

Teligent, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2021 10-Q, filed Aug 16, 2021. Its latest SEC filing is a SC 13G/A from Feb 14, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Sells generic skin, injectable and eye medicines through drug wholesalers and pharmacies, and develops and manufactures products for pharmaceutical, over-the-counter and cosmetic companies.

How Did They Make Money?

Most revenue comes from sales of its own medicines; customers pay when products are delivered. It also makes products for pharmaceutical, over-the-counter and cosmetic customers, with manufacturing payments as milestones are reached and development payments when each agreed phase is completed.

revenue

Who Were Their Customers?

It sells prescription medicines to wholesalers, distributors, national chain drug stores and purchasing groups. Pharmaceutical companies and over-the-counter and cosmetic marketers use its product development and manufacturing services.

Did Revenues Turn Into Profits?

No. It lost $122M in .

Operating income,
−309% of revenue
▲ +1645% (Loss) vs (−$8M, −5%)
Net income,
−269% of revenue
▲ +386% (Loss) vs (−$25.1M, −16%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q2 FY2021, the three months to Jun 30, 2021
Revenue
▼ −23%
vs $13.6M in Q2 FY2020
Net income
▼ −10% (Loss)
vs −$14.3M in Q2 FY2020
  • Oct 15, 2021 Teligent filed for Chapter 11 and began a sale process The CEO resigned, and the company said its shares were scheduled for Nasdaq delisting.
  • Sep 27, 2021 The CFO resigned, and an interim CFO was appointed

Shrank. Revenue fell 79% in 4 years, from $217.6M in to $45.3M in , about 32% a year.

Contract-services emphasis The latest report puts added emphasis on private-label and contract development and manufacturing, while the older report expected contract-services revenue to decline as more resources went to internal products.

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support