Financial Snapshot

Revenue
$193.1M
TTM
Gross Margin
70.05%
TTM
Net Earnings
$10.04M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
150.47%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$126.8M
Q3 2024
Cash
Q3 2024
P/E
35.65
Nov 29, 2024 EST
Free Cash Flow
$33.30M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $185.4M $165.0M $0.00 $0.00 $110.0M
YoY Change 12.37% -100.0%

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
Revenue $185.4M $165.0M $0.00 $0.00 $110.0M
Cost Of Revenue $57.88M $54.58M $48.82M $44.93M $43.60M
Gross Profit $127.5M $110.4M $90.58M $71.64M $66.40M
Gross Profit Margin 68.78% 66.92% 60.36%

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
Selling, General & Admin $98.83M $165.5M $200.0K $0.00 $42.10M
YoY Change -40.29% 82651.0% -100.0%
% of Gross Profit 77.52% 149.94% 0.22% 0.0% 63.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.994M $2.199M $1.400M $1.138M $830.0K
YoY Change 36.15% 57.07% 23.02% 37.11%
% of Gross Profit 2.35% 1.99% 1.55% 1.59% 1.25%
Operating Expenses $98.83M $165.5M $3.322M $0.00 $42.80M
YoY Change -40.29% 4882.46% -100.0%
Operating Profit $28.66M -$60.72M $34.56M $71.64M $23.60M
YoY Change -147.19% -275.7% -51.76% 203.56%

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
Interest Expense -$6.363M -$5.091M $18.91M -$2.425M -$2.100M
YoY Change 24.99% -126.92% -879.72% 15.48%
% of Operating Profit -22.2% 54.71% -3.39% -8.9%
Other Income/Expense, Net -$28.78M $62.43M -$4.474M -$5.000K -$100.0K
YoY Change -146.1% -1495.59% 89373.0% -95.0%

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
Pretax Income -$123.0K $1.712M $11.11M $0.00 $21.40M
YoY Change -107.18% -84.59% -100.0%
Income Tax $2.682M $388.0K $286.0K $189.0K $100.0K
% Of Pretax Income 22.66% 2.57% 0.47%
Net Earnings $3.316M -$969.0K $11.11M $0.00 $21.30M
YoY Change -442.21% -108.72% -100.0%
Net Earnings / Revenue 1.79% -0.59% 19.36%
Basic Earnings Per Share $0.13 -$0.12
Diluted Earnings Per Share $0.13 -$0.12 $280.0K $0.00 $2.55

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
Cash & Short-Term Investments $89.00M $79.23M $130.4K $1.590K
YoY Change 12.33% 60678.61% 8098.74%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $9.225M $3.816M $321.0K $1.570M
YoY Change 141.75% 1088.93% -79.56%
Inventory $17.31M $11.18M $9.615M $4.324M
Prepaid Expenses
Receivables $6.809M $6.948M $5.231M $4.720M
Other Receivables $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $122.3M $101.2M $451.6K $1.590K
YoY Change 20.92% 22303.35% 28303.77%
Property, Plant & Equipment $3.095M $3.556M $2.691M $2.165M
YoY Change -12.96% 32.14% 24.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $317.6M
YoY Change
Other Assets $24.88M $1.838M $0.00 $145.9K
YoY Change 1253.86% -100.0%
Total Long-Term Assets $32.95M $10.47M $317.6M $145.9K
YoY Change 214.82% -96.7% 217555.95%
Total Assets $155.3M $111.6M $318.0M $147.5K
YoY Change
Accounts Payable $4.155M $4.112M $281.3K $2.445M
YoY Change 1.05% 1361.78% -88.49%
Accrued Expenses $8.808M $6.439M $1.830M $2.221M
YoY Change 36.79% 251.86% -17.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $122.5K
YoY Change -100.0%
Long-Term Debt Due $6.250M $6.250M $5.000M $5.000M
YoY Change 0.0% 25.0% 0.0%
Total Short-Term Liabilities $22.22M $18.77M $2.272M $122.5K
YoY Change 18.38% 725.9% 1754.84%
Long-Term Debt $106.6M $112.1M $0.00 $0.00
YoY Change -4.87%
Other Long-Term Liabilities $63.00M $39.07M $20.89M $1.211M
YoY Change 61.25% 87.0% 1625.12%
Total Long-Term Liabilities $169.6M $151.2M $20.89M $0.00
YoY Change 12.22% 623.53%
Total Liabilities $184.7M $156.1M $23.16M $122.5K
YoY Change 18.31% 573.93% 18808.85%

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
Basic Shares Outstanding 25.71M 8.059M
Diluted Shares Outstanding 25.71M 8.059M
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: $358.08 Million

About biote Corp.

biote Corp. is a woman-led company, which engages in providing bio identical hormone pellet therapy. The company is headquartered in Irving, Texas and currently employs 194 full-time employees. The company went IPO on 2021-03-02. The firm provides the necessary components to enable Biote-certified practitioners to establish, build and implement a program designed to optimize hormone levels using personalized solutions for their patient populations. The Biote Method is a comprehensive, end-to-end practice building platform that provides Biote-certified practitioners with the components specifically developed for practitioners in the hormone optimization space: Biote Method education, training and certification, practice management software, inventory management software, and information regarding available hormone replacement therapy (HRT) products, as well as digital and point-of-care marketing support. The company also sells a complementary Biote-branded line of dietary supplements. The Biote Method’s proprietary clinical decision support (CDS) software assists physicians in establishing individualized dosing for patients.

Industry: Medicinal Chemicals & Botanical Products Peers: CymaBay Therapeutics, Inc. EyePoint Pharmaceuticals, Inc. ORAMED PHARMACEUTICALS INC. JOHNSON & JOHNSON MARINUS PHARMACEUTICALS, INC. OptiNose, Inc. Provention Bio, Inc.