Financial Snapshot

Revenue
$168.8M
TTM
Gross Margin
54.58%
TTM
Net Earnings
-$213.5M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
398.92%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$241.4M
Q2 2024
Cash
Q2 2024
P/E
-3.199
Sep 17, 2024 EST
Free Cash Flow
-$136.6M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $170.3M $185.3M $154.3M $98.38M $85.07M $55.66M $38.45M
YoY Change -8.11% 20.06% 56.88% 15.65% 52.83% 44.77%

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 2017
Revenue $170.3M $185.3M $154.3M $98.38M $85.07M $55.66M $38.45M
Cost Of Revenue $75.55M $57.91M $49.30M $22.53M $22.27M $19.67M $15.68M
Gross Profit $94.72M $127.4M $105.0M $75.85M $62.80M $36.00M $22.77M
Gross Profit Margin 55.63% 68.75% 68.06% 77.1% 73.82% 64.67% 59.22%

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 2017
Selling, General & Admin $172.5M $184.1M $170.0M $110.9M $68.79M $44.90M $32.71M
YoY Change -6.31% 8.33% 53.27% 61.22% 53.2% 37.27%
% of Gross Profit 182.12% 144.53% 161.81% 146.2% 109.53% 124.72% 143.65%
Research & Development $122.1M $141.8M $142.3M $116.1M $70.71M $39.16M $32.00M
YoY Change -13.85% -0.41% 22.63% 64.15% 80.57% 22.38%
% of Gross Profit 128.92% 111.27% 135.51% 153.03% 112.6% 108.78% 140.54%
Depreciation & Amortization $1.699M $19.20M $12.30M $6.800M $6.100M $4.300M $4.100M
YoY Change -91.15% 56.1% 80.88% 11.48% 41.86% 4.88%
% of Gross Profit 1.79% 15.07% 11.71% 8.97% 9.71% 11.94% 18.01%
Operating Expenses $296.3M $325.9M $314.0M $227.0M $68.79M $85.75M $66.40M
YoY Change -9.07% 3.78% 38.35% 229.96% -19.78% 29.14%
Operating Profit -$201.6M -$200.2M -$209.0M -$151.1M -$5.985M -$49.76M -$43.63M
YoY Change 0.71% -4.2% 38.28% 2424.91% -87.97% 14.04%

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 2017
Interest Expense $1.731M $4.238M $1.668M $6.590M $9.790M $3.310M $1.640M
YoY Change -59.16% 154.08% -74.69% -32.69% 195.77% 101.83%
% of Operating Profit
Other Income/Expense, Net
YoY Change

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 2017
Pretax Income -$225.3M -$200.4M -$207.3M -$146.2M -$68.61M -$46.45M -$42.83M
YoY Change 12.45% -3.34% 41.76% 113.14% 47.7% 8.45%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$225.3M -$200.2M -$207.3M -$146.2M -$68.61M -$46.45M -$42.83M
YoY Change 12.52% -3.42% 41.75% 113.14% 47.71% 8.44%
Net Earnings / Revenue -132.29% -108.03% -134.3% -148.63% -80.65% -83.44% -111.4%
Basic Earnings Per Share -$1.56 -$1.40 -$1.48 -$1.11
Diluted Earnings Per Share -$1.56 -$1.40 -$1.477M -$1.114M -$547.8K -$392.1K -$361.5K

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 2017
Cash & Short-Term Investments $346.4M $498.2M $353.1M $688.3M $576.9M $165.0M $192.2M
YoY Change -30.47% 41.11% -48.71% 19.31% 249.64% -14.15%
Cash & Equivalents $65.06M $90.03M $139.1M $123.4M $96.60M $55.00M $85.30M
Short-Term Investments $281.3M $408.2M $214.0M $564.8M $480.3M $110.0M $106.8M
Other Short-Term Assets $11.37M $9.440M $13.02M $14.50M $14.10M $3.100M $2.700M
YoY Change 20.44% -27.47% -10.24% 2.84% 354.84% 14.81%
Inventory $14.45M $14.45M $19.26M $14.10M $9.100M $7.800M $4.800M
Prepaid Expenses
Receivables $37.97M $40.06M $17.41M $10.00M $12.70M $4.800M $5.600M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $410.2M $562.1M $402.7M $726.9M $612.7M $180.7M $205.2M
YoY Change -27.03% 39.58% -44.59% 18.64% 239.07% -11.94%
Property, Plant & Equipment $120.3M $164.2M $172.9M $139.0M $60.40M $19.10M $14.00M
YoY Change -26.73% -5.05% 24.42% 130.13% 216.23% 36.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $217.1M $118.5M $105.4M $0.00 $8.900M
YoY Change -100.0% 83.24% 12.43% -100.0%
Other Assets $6.523M $4.462M $3.013M $2.700M $2.900M $200.0K $100.0K
YoY Change 46.19% 48.09% 11.59% -6.9% 1350.0% 100.0%
Total Long-Term Assets $250.9M $294.5M $520.6M $389.5M $299.6M $152.0M $157.3M
YoY Change -14.78% -43.44% 33.66% 30.01% 97.11% -3.37%
Total Assets $661.1M $856.6M $923.3M $1.116B $912.3M $332.7M $362.5M
YoY Change
Accounts Payable $7.719M $8.084M $3.307M $3.200M $4.500M $1.800M $2.000M
YoY Change -4.52% 144.45% 3.34% -28.89% 150.0% -10.0%
Accrued Expenses $31.67M $37.40M $29.65M $26.90M $10.40M $7.200M $4.100M
YoY Change -15.32% 26.13% 10.22% 158.65% 44.44% 75.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $88.02M $109.8M $113.8M $105.2M $78.30M $22.80M $21.00M
YoY Change -19.83% -3.53% 8.18% 34.36% 243.42% 8.57%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $36.60M $300.0K $300.0K
YoY Change -100.0% 12100.0% 0.0%
Other Long-Term Liabilities $264.8M $282.7M $205.4M $268.0M $226.3M $6.800M $4.400M
YoY Change -6.33% 37.63% -23.35% 18.43% 3227.94% 54.55%
Total Long-Term Liabilities $264.8M $282.7M $205.4M $268.0M $262.9M $7.100M $4.700M
YoY Change -6.33% 37.63% -23.35% 1.94% 3602.82% 51.06%
Total Liabilities $352.7M $392.5M $319.4M $373.1M $341.3M $29.90M $25.80M
YoY Change -10.12% 22.89% -14.41% 9.32% 1041.47% 15.89%

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 2017
Basic Shares Outstanding 144.4M 142.5M 140.4M 131.2M
Diluted Shares Outstanding 144.4M 142.5M 140.4M 131.2M
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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Dividends

Dividends

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Stock Price

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Market Cap: $682.8 Million

About Adaptive Biotechnologies Corp

Adaptive Biotechnologies Corp. engages in the development of an immune medicine platform. The company is headquartered in Seattle, Washington and currently employs 709 full-time employees. The company went IPO on 2019-06-27. The firm is focused on harnessing the inherent biology of the adaptive immune system to transform the diagnosis and treatment of disease. Its immune medicine platform applies its proprietary technologies to read the diverse genetic code of a patient’s immune system and understand precisely how the immune system detects and treats disease in that patient. The company has business around two main areas: clinical assessment of minimal residual disease (MRD) in lymphoid malignancies and immune medicine (IM)-driven drug discovery and development. The MRD business focuses on the use of its highly sensitive, next-generation sequencing (NGS) assay to measure MRD in patients with hematologic malignancies. The company comprises its clonoSEQ clinical diagnostic test, offered to clinicians, and its clonoSEQ assay, offered to biopharmaceutical partners, to advance drug development efforts (MRD Pharma).

Industry: Biological Products, (No Diagnostic Substances) Peers: 10X Genomics Inc Neogenomics Inc Bionano Genomics Inc SomaLogic, Inc. Cytek Biosciences Inc MaxCyte Inc Pacific Biosciences of California Inc NS Wind Down Co., Inc. Sotera Health Co Thermo Fisher Scientific Inc