Financial Snapshot

Revenue
$23.48M
TTM
Gross Margin
Net Earnings
-$68.29M
TTM
Current Assets
$98.80M
Q2 2024
Current Liabilities
$39.52M
Q2 2024
Current Ratio
250.03%
Q2 2024
Total Assets
$100.8M
Q2 2024
Total Liabilities
$44.19M
Q2 2024
Book Value
$56.59M
Q2 2024
Cash
$95.67M
Q2 2024
P/E
-1.420
Nov 29, 2024 EST
Free Cash Flow
-$13.39M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $18.11M $9.293M $10.18M $700.0K $480.0K $1.510M
YoY Change 94.9% -8.67% 1353.61% 45.83% -68.21%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $18.11M $9.293M $10.18M $700.0K $480.0K $1.510M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $8.673M $11.87M $14.44M $10.31M $3.440M $2.770M
YoY Change -26.96% -17.77% 40.06% 199.71% 24.19%
% of Gross Profit
Research & Development $36.64M $81.34M $68.10M $33.54M $16.21M $16.08M
YoY Change -54.96% 19.44% 103.04% 106.91% 0.81%
% of Gross Profit
Depreciation & Amortization $980.1K $1.146M $1.125M $860.0K $820.0K $910.0K
YoY Change -14.48% 1.86% 30.82% 4.88% -9.89%
% of Gross Profit
Operating Expenses $41.83M $93.21M $82.54M $43.85M $19.65M $18.85M
YoY Change -55.12% 12.93% 88.23% 123.16% 4.24%
Operating Profit -$23.72M -$83.92M -$72.36M -$43.15M
YoY Change -71.74% 15.97% 67.7%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $4.621M $2.240M -$891.1K -$220.0K $810.0K $630.0K
YoY Change 106.36% -351.33% 305.02% -127.16% 28.57%
% of Operating Profit
Other Income/Expense, Net $1.843M $2.168M $1.779M $970.0K $1.930M $1.440M
YoY Change -14.99% 21.9% 83.38% -49.74% 34.03%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$17.25M -$79.51M -$71.48M -$42.40M -$16.43M -$15.27M
YoY Change -78.3% 11.24% 68.58% 158.06% 7.6%
Income Tax $1.691M $459.1K $1.702M $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$18.95M -$79.97M -$73.18M -$42.40M -$16.43M -$15.27M
YoY Change -76.31% 9.28% 72.59% 158.06% 7.6%
Net Earnings / Revenue -104.61% -860.59% -719.18% -6057.14% -3422.92% -1011.26%
Basic Earnings Per Share -$0.35 -$1.48 -$1.46 -$2.67
Diluted Earnings Per Share -$0.35 -$1.48 -$1.463M -$966.9K -$311.6K -$289.6K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $109.9M $143.8M $174.4M $75.20M $100.5M $49.10M
YoY Change -23.53% -17.57% 131.9% -25.17% 104.68%
Cash & Equivalents $109.9M $143.8M $174.4M $75.20M $92.50M $16.10M
Short-Term Investments $0.00 $8.000M $33.00M
Other Short-Term Assets $3.287M $4.937M $4.056M $3.800M $1.200M $1.300M
YoY Change -33.42% 21.73% 6.73% 216.67% -7.69%
Inventory
Prepaid Expenses
Receivables $0.00 $3.000M $0.00 $500.0K $0.00
Other Receivables $619.4K $4.507M $100.0K $1.600M $1.400M
Total Short-Term Assets $113.4M $149.3M $186.0M $79.10M $103.9M $51.80M
YoY Change -24.02% -19.7% 135.09% -23.87% 100.58%
Property, Plant & Equipment $2.200M $2.975M $3.488M $2.100M $1.900M $2.600M
YoY Change -26.04% -14.7% 66.08% 10.53% -26.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $84.89K $109.6K $69.28K $3.100M $100.0K $0.00
YoY Change -22.52% 58.16% -97.77% 3000.0%
Total Long-Term Assets $2.285M $3.084M $3.557M $5.200M $2.000M $2.600M
YoY Change -25.91% -13.28% -31.6% 160.0% -23.08%
Total Assets $115.7M $152.4M $189.5M $84.30M $105.9M $54.40M
YoY Change
Accounts Payable $3.094M $3.666M $3.322M $1.800M $700.0K $600.0K
YoY Change -15.61% 10.37% 84.53% 157.14% 16.67%
Accrued Expenses $3.197M $3.365M $4.379M $6.100M $2.500M $2.600M
YoY Change -4.97% -23.16% -28.21% 144.0% -3.85%
Deferred Revenue
YoY Change
Short-Term Debt $4.236M $10.77M $3.121M $3.800M $700.0K $2.300M
YoY Change -60.67% 245.02% -17.86% 442.86% -69.57%
Long-Term Debt Due $4.162M $2.850M $1.376M $1.200M $300.0K $0.00
YoY Change 46.01% 107.08% 14.69% 300.0%
Total Short-Term Liabilities $31.46M $55.08M $29.82M $16.10M $7.200M $10.30M
YoY Change -42.89% 84.7% 85.23% 123.61% -30.1%
Long-Term Debt $13.54M $14.15M $2.992M $3.000M $1.500M $0.00
YoY Change -4.29% 372.84% -0.27% 100.0%
Other Long-Term Liabilities $173.7K $82.55K $94.11K $100.0K $0.00 $100.0K
YoY Change 110.37% -12.28% -5.89% -100.0%
Total Long-Term Liabilities $13.71M $14.23M $3.086M $3.100M $1.500M $100.0K
YoY Change -3.62% 361.09% -0.45% 106.67% 1400.0%
Total Liabilities $45.17M $69.31M $32.95M $19.20M $8.700M $10.50M
YoY Change -34.83% 110.33% 71.63% 120.69% -17.14%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 54.74M 54.14M 50.03M 15.95M
Diluted Shares Outstanding 54.74M 54.14M 50.03M 15.95M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $96.953 Million

About Adagene Inc.

Adagene, Inc. is a clinical-stage biopharmaceutical company, which engages in the discovery and development of novel antibody-based cancer immunotherapies. The company is headquartered in Suzhou, Jiangsu and currently employs 174 full-time employees. The company went IPO on 2021-02-09. The firm is principally engaged in the research, development and production of monoclonal antibody drugs for cancers. The Company’s main products include: ADG106 is being developed for the treatment of advanced solid tumors and non-Hodgkin's lymphoma, or NHL. ADG126 is designed to address the toxicity and efficacy issues related to the MOA of existing approved CTLA-4 immuno-oncology therapies and to expand the potential of CTLA-4 as a target for the treatment of cancer. ADG116 is designed to target a unique conserved epitope of CTLA-4. And ADG104, a monospecific antibody that targets PD-L1 and is in Phase Ib and Phase II clinical trials concurrently in China.

Industry: Pharmaceutical Preparations Peers: Fresh2 Group Ltd Burning Rock Biotech Ltd Connect Biopharma Holdings Ltd Genetron Holdings Ltd Gracell Biotechnologies Inc.