$GLYC
GLYCOMIMETICS INC

2024 Q1 Form 10-K Financial Statement

#000155837024004013 Filed on March 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $10.00K $10.00K
YoY Change -86.67%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.312M $19.21M
YoY Change -8.86% 0.66%
% of Gross Profit
Research & Development $6.025M $5.288M $20.07M
YoY Change 11.2% -10.23% -29.3%
% of Gross Profit
Depreciation & Amortization $14.62K $23.30K $153.3K
YoY Change -66.65% -49.04% -25.99%
% of Gross Profit
Operating Expenses $11.12M $9.601M $39.29M
YoY Change 1.59% -9.62% -17.26%
Operating Profit -$11.12M -$39.28M
YoY Change 1.59% -17.15%
Interest Expense $378.4K $512.2K $2.376M
YoY Change -34.95% 35.4% 232.51%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$9.079M -$36.90M
YoY Change -11.38% -20.97%
Income Tax
% Of Pretax Income
Net Earnings -$10.74M -$9.079M -$36.90M
YoY Change 3.64% -11.38% -20.97%
Net Earnings / Revenue -90786.4% -368994.2%
Basic Earnings Per Share -$0.17 -$0.58
Diluted Earnings Per Share -$0.17 -$0.14 -$0.58
COMMON SHARES
Basic Shares Outstanding 64.45M 64.39M 63.34M
Diluted Shares Outstanding 64.46M 63.34M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.28M $41.79M $41.79M
YoY Change -51.88% -12.7% -12.7%
Cash & Equivalents $31.30M $41.79M $41.79M
Short-Term Investments
Other Short-Term Assets $1.876M $1.822M $1.822M
YoY Change -34.18% -32.52% -32.52%
Inventory
Prepaid Expenses $1.016M $1.421M
Receivables
Other Receivables $109.9K $175.8K
Total Short-Term Assets $33.27M $43.79M $43.79M
YoY Change -51.14% -13.65% -13.65%
LONG-TERM ASSETS
Property, Plant & Equipment $598.3K $767.8K $767.8K
YoY Change 198.02% 216.77% -22.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $339.3K $757.9K $757.9K
YoY Change 231.57% 640.73% 640.73%
Total Long-Term Assets $937.5K $1.526M $1.526M
YoY Change 12.26% 39.23% 39.23%
TOTAL ASSETS
Total Short-Term Assets $33.27M $43.79M $43.79M
Total Long-Term Assets $937.5K $1.526M $1.526M
Total Assets $34.20M $45.32M $45.32M
YoY Change -50.37% -12.53% -12.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $755.5K $868.1K $868.1K
YoY Change 57.35% -10.52% -10.52%
Accrued Expenses $3.908M $5.967M $5.967M
YoY Change -30.32% -14.66% -24.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.294M $6.835M $6.835M
YoY Change -21.45% -23.03% -23.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $66.84K $66.84K
YoY Change
Total Long-Term Liabilities $0.00 $66.84K $66.84K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.294M $6.835M $6.835M
Total Long-Term Liabilities $0.00 $66.84K $66.84K
Total Liabilities $5.294M $6.902M $6.902M
YoY Change -21.45% -22.28% -22.28%
SHAREHOLDERS EQUITY
Retained Earnings -$467.2M -$456.5M
YoY Change 8.68% 8.79%
Common Stock $64.45K $64.39K
YoY Change 0.32% 18.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.91M $38.41M $38.41M
YoY Change
Total Liabilities & Shareholders Equity $34.20M $45.32M $45.32M
YoY Change -50.37% -12.53% -12.53%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$10.74M -$9.079M -$36.90M
YoY Change 3.64% -11.38% -20.97%
Depreciation, Depletion And Amortization $14.62K $23.30K $153.3K
YoY Change -66.65% -49.04% -25.99%
Cash From Operating Activities -$10.51M -$7.620M -$34.88M
YoY Change -9.46% -3.69% -24.92%
INVESTING ACTIVITIES
Capital Expenditures $7.439K $1.390K $21.39K
YoY Change 238.6% -74.59%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$7.439K -$1.390K -$21.39K
YoY Change 238.6% -74.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $28.82M
YoY Change 593.3%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.898K 3.510K 28.82M
YoY Change -99.98% -99.92% 593.3%
NET CHANGE
Cash From Operating Activities -10.51M -7.620M -34.88M
Cash From Investing Activities -7.439K -1.390K -21.39K
Cash From Financing Activities 4.898K 3.510K 28.82M
Net Change In Cash -10.51M -7.618M -6.078M
YoY Change -161.36% 102.92% -85.66%
FREE CASH FLOW
Cash From Operating Activities -$10.51M -$7.620M -$34.88M
Capital Expenditures $7.439K $1.390K $21.39K
Free Cash Flow -$10.52M -$7.621M -$34.90M
YoY Change -9.41% -3.67% -25.01%

Facts In Submission

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">1. Description of the Business</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt 0pt 6pt 0pt;">GlycoMimetics, Inc. (the Company), a Delaware corporation headquartered in Rockville, Maryland, was incorporated in 2003. The Company is a late clinical-stage biotechnology company focused on improving the lives of people living with cancer and inflammatory diseases by leveraging the inhibition of carbohydrate interactions that occur on the surface of cells. The Company is developing a pipeline of proprietary glycomimetics, which are small molecules that mimic the structure of carbohydrates involved in important biological processes, to inhibit disease-related functions of carbohydrates such as the roles they play in cancers and inflammation.</p>
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