Financial Snapshot

Revenue
$0.00
TTM
Gross Margin
Net Earnings
-$21.24M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
1419.01%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$75.80M
Q3 2024
Cash
Q3 2024
P/E
-5.499
Nov 29, 2024 EST
Free Cash Flow
-$22.46M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $340.0K $20.00K $0.00
YoY Change -100.0% 1600.0%

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 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $340.0K $20.00K $0.00
Cost Of Revenue $220.0K $10.00K $0.00
Gross Profit $120.0K $10.00K $0.00
Gross Profit Margin 35.29% 50.0%

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 2016 2015 2014 2013 2012 2011
Selling, General & Admin $7.852M $6.095M $4.916M $4.345M $4.395M $4.363M $3.548M $3.532M $3.741M $2.500M $120.0K $0.00 $0.00
YoY Change 28.84% 23.97% 13.16% -1.14% 0.73% 22.96% 0.46% -5.6% 49.64% 1983.33%
% of Gross Profit 100.0% 0.0%
Research & Development $5.819M $6.012M $2.931M $1.944M $2.238M $330.0K $311.3K $939.0K $576.1K $230.0K
YoY Change -3.2% 105.08% 50.76% -13.12% 578.24% 6.0% -66.85% 63.0% 150.47%
% of Gross Profit
Depreciation & Amortization $124.3K $115.0K $34.13K $1.872K $1.462K $1.544K $8.040K $14.92K $9.950K $0.00 $10.00K $0.00
YoY Change 8.05% 236.93% 1723.24% 28.04% -5.31% -80.8% -46.11% 49.95% -100.0%
% of Gross Profit 8.33% 0.0%
Operating Expenses $34.74M $18.31M $7.848M $6.289M $6.633M $4.693M $3.859M $4.471M $4.317M $2.730M $130.0K $0.00 $0.00
YoY Change 89.69% 133.34% 24.78% -5.18% 41.34% 21.59% -13.67% 3.55% 58.14% 2000.0%
Operating Profit -$34.74M -$18.31M -$7.848M -$6.289M -$6.633M -$4.693M -$10.00K $10.00K $0.00
YoY Change 89.69% 133.34% 24.78% -5.18% 41.34% -200.0%

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 2016 2015 2014 2013 2012 2011
Interest Expense $906.3K $665.1K $769.2K $706.4K $1.001M $94.76K $766.5K $1.294M -$522.3K $0.00 $0.00 $0.00
YoY Change 36.25% -13.52% 8.89% -29.41% 956.02% -87.64% -40.77% -347.75%
% of Operating Profit 0.0%
Other Income/Expense, Net -$2.906M -$1.163M -$672.4K -$270.1K $7.686M -$14.50M
YoY Change 149.84% 72.99% 148.95% -103.51% -153.01%

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 2016 2015 2014 2013 2012 2011
Pretax Income -$37.64M -$19.47M -$8.520M -$6.559M $1.053M -$19.19M -$3.093M -$3.176M -$4.839M -$2.730M $0.00 $0.00 $0.00
YoY Change 93.28% 128.58% 29.9% -722.65% -105.49% 520.58% -2.64% -34.36% 77.27%
Income Tax $3.600K $6.741K $2.100K $1.600K $1.600K $1.642K $1.600K $1.600K $1.720K $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 0.15%
Net Earnings -$37.64M -$19.48M -$8.522M -$6.561M $1.052M -$19.19M -$3.094M -$3.178M -$4.841M -$2.730M $0.00 $0.00 $0.00
YoY Change 93.23% 128.6% 29.9% -723.74% -105.48% 520.31% -2.64% -34.35% 77.33%
Net Earnings / Revenue 0.0% 0.0%
Basic Earnings Per Share -$5.37 -$0.04 -$0.02 -$0.03 $0.01 -$0.16
Diluted Earnings Per Share -$5.37 -$0.04 -$0.02 -$0.03 -$0.05 -$0.16 -$110.9K -$167.7K -$285.8K -$68.25 $0.00 $0.00 $0.00

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 2016 2015 2014 2013 2012 2011
Cash & Short-Term Investments $1.429M $1.245M $8.983M $2.469M $1.830M $1.853M $260.0K $64.82K $3.221M $210.0K $50.00K $30.00K $10.00K
YoY Change 14.81% -86.15% 263.77% 34.94% -1.26% 612.94% 301.05% -97.99% 1433.91% 320.0% 66.67% 200.0%
Cash & Equivalents $1.256M $1.830M $1.853M $260.0K $64.82K $3.221M $210.0K $50.00K $30.00K $10.00K
Short-Term Investments
Other Short-Term Assets $10.19M $7.699M $629.1K $195.0K $164.8K $100.3K $295.9K $214.7K $232.6K $100.0K $20.00K $0.00
YoY Change 32.34% 1123.86% 222.66% 18.31% 64.28% -66.1% 37.82% -7.7% 132.58% 400.0%
Inventory
Prepaid Expenses
Receivables $30.00K $10.00K $0.00
Other Receivables $10.00K $0.00 $0.00
Total Short-Term Assets $11.65M $8.944M $9.612M $2.664M $1.995M $1.954M $555.8K $279.5K $3.454M $310.0K $110.0K $40.00K $20.00K
YoY Change 30.27% -6.95% 260.76% 33.57% 2.1% 251.5% 98.87% -91.91% 1014.12% 181.82% 175.0% 100.0%
Property, Plant & Equipment $281.3K $159.1K $234.7K $7.340K $1.980K $3.450K $1.410K $9.580K $13.38K $20.00K $40.00K $0.00
YoY Change 76.84% -32.23% 3097.28% 270.71% -42.61% 144.68% -85.28% -28.4% -33.1% -50.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.310K $8.310K $8.310K $0.00 $34.29K $43.88K $20.00K
YoY Change 0.0% 0.0% -100.0% -21.86% 119.4%
Total Long-Term Assets $289.6K $167.4K $243.0K $7.340K $1.980K $3.440K $1.410K $43.87K $57.27K $40.00K $40.00K $0.00 $10.00K
YoY Change 73.03% -31.13% 3210.49% 270.71% -42.44% 143.97% -96.79% -23.4% 43.18% 0.0% -100.0%
Total Assets $11.94M $9.111M $9.855M $2.672M $1.997M $1.957M $557.2K $323.4K $3.511M $350.0K $150.0K $40.00K $30.00K
YoY Change
Accounts Payable $1.156M $1.795M $900.0K $381.4K $139.8K $15.60K $100.9K $274.7K $125.4K $410.0K $20.00K $0.00 $0.00
YoY Change -35.61% 99.43% 135.99% 172.78% 796.22% -84.54% -63.26% 119.09% -69.42% 1950.0%
Accrued Expenses $2.069M $1.984M $977.6K $303.2K $184.5K $198.3K $266.0K $372.4K $290.0K
YoY Change 4.29% 102.98% 222.42% -7.0% -25.45% -28.56% 28.42%
Deferred Revenue
YoY Change
Short-Term Debt $4.372M $55.45K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $50.00K $0.00 $0.00
YoY Change 7784.58% -100.0%
Long-Term Debt Due $0.00 $1.848M $1.975M $64.06K $235.0K
YoY Change -100.0% -6.41% 2982.91%
Total Short-Term Liabilities $13.90M $12.12M $3.912M $787.2K $970.8K $15.94M $806.0K $662.0K $581.9K $800.0K $60.00K $0.00 $0.00
YoY Change 14.7% 209.78% 396.98% -18.91% -93.91% 1877.61% 21.76% 13.77% -27.27% 1233.33%
Long-Term Debt $0.00 $0.00 $0.00 $1.434M $387.1K $1.361M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% 270.41% -71.56%
Other Long-Term Liabilities $171.2K $0.00 $78.70K $0.00 $90.80K $219.5K $551.3K $1.112M $2.458M $0.00
YoY Change -100.0% -100.0% -58.62% -60.2% -50.43% -54.75%
Total Long-Term Liabilities $171.2K $0.00 $78.70K $1.434M $477.9K $1.580M $551.3K $1.112M $2.458M $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% -94.51% 200.03% -69.76% 186.66% -50.43% -54.75%
Total Liabilities $14.07M $12.12M $3.991M $2.221M $1.449M $17.52M $1.357M $1.774M $3.040M $800.0K $60.00K $0.00 $0.00
YoY Change 16.12% 203.67% 79.7% 53.31% -91.73% 1190.75% -23.5% -41.64% 280.01% 1233.33%

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 2016 2015 2014 2013 2012 2011
Basic Shares Outstanding 7.006M shares 555.3M shares 406.6M shares 230.7M shares 135.2M shares 121.2M shares
Diluted Shares Outstanding 7.006M shares 555.3M shares 406.6M shares 231.4M shares 169.6M shares 121.2M 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: $116.8 Million

About Skye Bioscience, Inc.

Skye Bioscience, Inc. is a biopharmaceutical company, which engages in the discovery, development and commercialization of cannabinoid-based therapeutics. The company is headquartered in San Diego, California and currently employs 11 full-time employees. The company went IPO on 2014-02-24. The firm's clinical assets focus on the modulation of cannabinoid receptor 1 (CB1) to provide novel treatments and alternatives for diseases caused by metabolic disorders, inflammation, fibrosis and neurodegeneration, such as obesity and glaucoma. Its Phase 2 clinical candidates include nimacimab, a negative allosteric modulating antibody that inhibits peripheral CB1 receptors, being developed for the treatment of obesity and SBI-100 Ophthalmic Emulsion (SBI-100 OE), a CB1 agonist (activator), being developed for the treatment of glaucoma and ocular hypertension. The firm's Phase 2 study in obesity is designed to evaluate nimacimab's weight loss potential either as a single agent or in combination with a glucagon-like peptide-1 (GLP-1) agonist like semaglutide.

Industry: Pharmaceutical Preparations Peers: Bone Biologics Corp American CryoStem Corp Protagenic Therapeutics, Inc.\new NeuBase Therapeutics, Inc. Eterna Therapeutics Inc. MetaVia Inc. Transcode Therapeutics, Inc.