Financial Snapshot

Revenue
$177.3M
TTM
Gross Margin
58.36%
TTM
Net Earnings
-$195.2M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
351.88%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$223.6M
Q3 2024
Cash
Q3 2024
P/E
-4.641
Nov 29, 2024 EST
Free Cash Flow
-$114.5M
TTM

Revenues

Revenues

Loading...

Revenue YoY Change

Loading...

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

Loading...

Gross Profit

Loading...

Gross Profit Margin

Loading...

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

Loading...

Research & Development

Loading...

Depreciation, Depletion & Amortization

Loading...

SGA Expense to Gross Profit Ratio

Loading...

R&D To Gross Profit Ratio

Loading...

DDA To Gross Profit Ratio

Loading...

Operating Expenses Total

Loading...

Operating Profits/Loss

Loading...

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

Loading...

Interest Expenses To Operating Income %

Loading...

Other Expense/Income

Loading...

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

Loading...

Income Tax

Loading...

Net Profits/Loss

Loading...

Pretax Income YoY Change

Loading...

Income Tax Rate

Loading...

Net Profits/Loss YoY Change

Loading...

Basic EPS

Loading...

Net Income To Revenue Ratio

Loading...

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

Loading...

Cash & Equivalents

Loading...

Cash To Operating Expenses Ratio

Loading...

Inventory

Loading...

Receivables

Loading...

Total Short-Term Assets

Loading...

Property, Plant And Equipment

Loading...

Long-Term Investments

Loading...

Total Long-Term Assets

Loading...

Total Assets

Loading...

Net Income To Total Assets Percentage

Loading...

Accounts Payable

Loading...

Short-Term Debt

Loading...

Long Term Debt Due

Loading...

Total Short-Term Liabilities

Loading...

Long-Term Debt

Loading...

Other Long-Term Liabilities

Loading...

Total Long-Term Liabilities

Loading...

Total Liabilities

Loading...

Short-Term To Long-Term Debt Ratio

Loading...

Short-Term Assets To Debt Ratio

Loading...

Long-Term Debt To Net Income Ratio

Loading...

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

Loading...

Diluted Shares Outstanding

Loading...

Preferred Stock

Loading...

Treasury Stock Shares

Loading...

Stock Issuance & Repurchase

Loading...

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

Loading...

Book Value

Loading...

Free Cash Flow

Loading...

Free Cash Flow YoY

Loading...

Free Cash Flow Margin

Loading...

Dividends

Dividends

Loading...

Stock Price

Loading...
Market Cap: $906.14 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.