Financial Snapshot

Revenue
$800.0K
TTM
Gross Margin
Net Earnings
-$219.2M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
649.66%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$189.5M
Q3 2024
Cash
Q3 2024
P/E
-2.369
Nov 13, 2024 EST
Free Cash Flow
-$163.1M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $0.00 $0.00 $0.00 $5.210M $0.00
YoY Change -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 $0.00 $0.00 $0.00 $5.210M $0.00
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
Selling, General & Admin $43.39M $29.82M $13.92M $3.162M $1.252M
YoY Change 45.5% 114.16% 340.35% 152.56%
% of Gross Profit
Research & Development $147.9M $86.73M $70.55M $2.980M $920.0K
YoY Change 70.54% 22.93% 2267.45% 223.91%
% of Gross Profit
Depreciation & Amortization $4.653M $2.200M $568.0K $43.00K $0.00
YoY Change 111.5% 287.32% 1220.93%
% of Gross Profit
Operating Expenses $204.8M $116.5M $84.47M $6.142M $2.172M
YoY Change 75.72% 37.96% 1275.35% 182.78%
Operating Profit -$204.8M -$116.5M -$84.47M -$932.0K
YoY Change 75.72% 37.96% 8963.73%

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 -$2.382M -$8.128M -$391.0K $10.87M $0.00
YoY Change -70.69% 1978.77% -103.6%
% of Operating Profit
Other Income/Expense, Net $6.380M -$6.225M -$80.99M -$11.48M -$353.0K
YoY Change -202.49% -92.31% 605.59% 3151.56%

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 -$198.4M -$122.8M -$165.9M -$1.543M -$2.525M
YoY Change 61.61% -25.98% 10648.74% -38.89%
Income Tax -$279.0K -$948.0K -$486.0K $1.867M $4.000K
% Of Pretax Income
Net Earnings -$198.1M -$121.8M -$184.1M -$5.055M -$2.794M
YoY Change 62.64% -33.84% 3542.31% 80.92%
Net Earnings / Revenue -97.02%
Basic Earnings Per Share -$2.18 -$4.19 -$14.19 -$1.91
Diluted Earnings Per Share -$2.18 -$4.19 -$1.95 -$0.05 -$0.03

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 $121.7M $293.9M $269.6M $53.33M $8.647M
YoY Change -58.61% 9.01% 405.59% 516.72%
Cash & Equivalents $41.57M $187.6M $185.4M $36.98M $8.647M
Short-Term Investments $80.09M $106.3M $84.20M $16.35M $0.00
Other Short-Term Assets $21.31M $2.697M $959.0K $74.00K $50.00K
YoY Change 690.17% 181.23% 1195.95% 48.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $143.0M $296.6M $270.6M $53.40M $8.697M
YoY Change -51.8% 9.62% 406.68% 514.03%
Property, Plant & Equipment $36.60M $48.55M $15.68M $596.0K $0.00
YoY Change -24.62% 209.7% 2530.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.28M $15.14M $15.60M $785.0K $0.00
YoY Change -5.73% -2.93% 1887.13%
Total Long-Term Assets $50.88M $63.70M $31.28M $1.381M $0.00
YoY Change -20.13% 103.65% 2164.81%
Total Assets $193.9M $360.3M $301.9M $54.78M $8.697M
YoY Change
Accounts Payable $19.54M $4.332M $1.435M $250.0K $0.00
YoY Change 350.99% 201.88% 474.0%
Accrued Expenses $33.32M $20.39M $43.53M $1.598M $693.0K
YoY Change 63.45% -53.17% 2624.03% 130.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $56.42M $26.71M $57.98M $19.44M $7.308M
YoY Change 111.21% -53.93% 198.24% 166.04%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.357M $17.05M $3.070M $0.00 $0.00
YoY Change -74.45% 455.41%
Total Long-Term Liabilities $4.357M $17.05M $3.070M $0.00 $0.00
YoY Change -74.45% 455.41%
Total Liabilities $60.78M $44.04M $62.30M $21.31M $7.308M
YoY Change 38.0% -29.3% 192.35% 191.58%

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 90.97M shares 33.89M shares 12.97M shares 2.640M shares
Diluted Shares Outstanding 90.97M shares 33.89M shares 12.97M shares 2.640M shares
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: $519.4 Million

About Prime Medicine Inc

Prime Medicine, Inc. is a biotechnology company, which engages in developing one-time curative genetic therapies. The company is headquartered in Cambridge, Massachusetts and currently employs 234 full-time employees. The company went IPO on 2022-10-20. The company deploys its Prime Editing platform, a gene editing technology, to develop a new class of differentiated, one-time genetic therapies. The company is engaged in developing Prime Editors as a new class of therapeutics with transformative potential to expand the application of curative precision genetic medicines. The company has built a diversified portfolio of investigational therapeutic programs organized around core areas of focus, namely hematology and immunology, liver, lung, ocular and neuromuscular. The programs within its other areas of focus are on earlier stages of preclinical development and include Liver programs, such as Wilson's disease and glycogen storage disease 1b; Lung program, such as Cystic fibrosis; Ocular program, such as Retinitis pigmentosa caused by Rhodopsin mutations, and Neuromuscular programs, including Friedreich's ataxia and myotonic dystrophy type 1.

Industry: Biological Products, (No Diagnostic Substances) Peers: Vericel Corp CHINOOK THERAPEUTICS, INC. Avidity Biosciences Inc Day One Biopharmaceuticals Inc Dynavax Technologies Corp Iovance Biotherapeutics Inc Keros Therapeutics Inc Recursion Pharmaceuticals Inc Protagonist Therapeutics Inc