Financial Snapshot

Revenue
$0.00
TTM
Gross Margin
Net Earnings
-$196.7M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
830.87%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$437.9M
Q3 2024
Cash
Q3 2024
P/E
-65.98
Nov 29, 2024 EST
Free Cash Flow
-$113.0M
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 2010 2009 2008 2007 2006 2005 2004
Revenue $0.00 $705.0K $1.809M $860.0K $57.09M $16.10M $12.36M $2.300M $0.00 $0.00 $0.00 $1.810M $1.770M $760.0K $190.0K $190.0K $3.030M $1.030M $530.0K $110.0K
YoY Change -100.0% -61.03% 110.35% -98.49% 254.5% 30.29% 437.39% -100.0% 2.26% 132.89% 300.0% 0.0% -93.73% 194.17% 94.34% 381.82%

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 2010 2009 2008 2007 2006 2005 2004
Revenue $0.00 $705.0K $1.809M $860.0K $57.09M $16.10M $12.36M $2.300M $0.00 $0.00 $0.00 $1.810M $1.770M $760.0K $190.0K $190.0K $3.030M $1.030M $530.0K $110.0K
Cost Of Revenue $20.00K $70.00K $0.00 $0.00 $0.00 $0.00 $0.00 $1.260M $300.0K $230.0K $90.00K
Gross Profit $42.99M $12.29M $1.810M $1.770M $760.0K $190.0K $180.0K $1.770M $730.0K $300.0K $20.00K
Gross Profit Margin 266.95% 99.43% 100.0% 100.0% 100.0% 100.0% 94.74% 58.42% 70.87% 56.6% 18.18%

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 2010 2009 2008 2007 2006 2005 2004
Selling, General & Admin $30.30M $26.74M $23.61M $19.23M $11.28M $11.71M $9.760M $7.700M $5.230M $4.510M $1.910M $1.750M $1.540M $1.770M $2.870M $4.420M $5.250M $1.860M $1.070M $40.00K
YoY Change 13.3% 13.27% 22.77% 70.51% -3.68% 19.98% 26.75% 47.23% 15.96% 136.13% 9.14% 13.64% -12.99% -38.33% -35.07% -15.81% 182.26% 73.83% 2575.0%
% of Gross Profit 27.24% 79.41% 96.69% 87.01% 232.89% 1510.53% 2455.56% 296.61% 254.79% 356.67% 200.0%
Research & Development $59.47M $52.00M $85.35M $53.27M $52.00M $37.72M $28.87M $18.94M $16.85M $10.41M $6.600M $3.620M $3.040M $2.320M $2.300M $5.120M $7.710M $2.950M $1.030M $270.0K
YoY Change 14.37% -39.08% 60.21% 2.44% 37.86% 30.66% 52.43% 12.4% 61.86% 57.73% 82.32% 19.08% 31.03% 0.87% -55.08% -33.59% 161.36% 186.41% 281.48%
% of Gross Profit 87.75% 234.91% 200.0% 171.75% 305.26% 1210.53% 2844.44% 435.59% 404.11% 343.33% 1350.0%
Depreciation & Amortization $198.0K $349.0K $330.0K $302.0K $400.0K $198.0K $250.0K $60.00K $50.00K $30.00K $30.00K $100.0K $190.0K $450.0K $2.370M $1.900M $1.650M $380.0K $140.0K $10.00K
YoY Change -43.27% 5.76% 9.27% -24.5% 102.02% -20.8% 316.67% 20.0% 66.67% 0.0% -70.0% -47.37% -57.78% -81.01% 24.74% 15.15% 334.21% 171.43% 1300.0%
% of Gross Profit 0.46% 2.03% 5.52% 10.73% 59.21% 1247.37% 1055.56% 93.22% 52.05% 46.67% 50.0%
Operating Expenses $610.7M $87.21M $109.0M $73.37M $74.31M $53.39M $36.14M $26.63M $20.85M $12.80M $6.690M $5.390M $4.770M $4.490M $7.160M $10.90M $13.54M $5.120M $2.100M $310.0K
YoY Change 600.21% -19.96% 48.52% -1.27% 39.19% 47.72% 35.71% 27.72% 62.89% 91.33% 24.12% 13.0% 6.24% -37.29% -34.31% -19.5% 164.45% 143.81% 577.42%
Operating Profit -$609.7M -$72.09M -$86.19M -$53.19M $5.389M -$28.37M -$23.85M -$3.580M -$3.000M -$3.730M -$6.970M -$10.72M -$11.77M -$4.390M -$1.800M -$290.0K
YoY Change 745.69% -16.36% 62.03% -1087.07% -119.0% 18.94% 19.33% -19.57% -46.48% -34.98% -8.92% 168.11% 143.89% 520.69%

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 2010 2009 2008 2007 2006 2005 2004
Interest Expense -$5.026M $4.401M $281.0K $255.0K $620.0K $1.544M -$1.980M -$520.0K -$2.350M $140.0K -$10.00K $10.00K $0.00 $10.00K -$60.00K $220.0K $740.0K $870.0K $580.0K $220.0K
YoY Change -214.2% 1466.19% 10.2% -58.87% -59.84% -177.98% 280.77% -77.87% -1778.57% -1500.0% -200.0% -100.0% -116.67% -127.27% -70.27% -14.94% 50.0% 163.64%
% of Operating Profit 11.5%
Other Income/Expense, Net -$5.278M -$6.693M -$2.416M $283.0K $3.694M $2.360M $1.920M -$860.0K
YoY Change -21.14% 177.03% -953.71% -92.34% 56.53% 22.92% -323.26%

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 2010 2009 2008 2007 2006 2005 2004
Pretax Income -$614.9M -$78.78M -$88.60M -$52.91M $9.083M -$25.88M -$23.95M -$25.71M -$23.20M -$12.66M -$6.700M -$4.570M -$3.000M -$5.920M -$5.820M -$13.10M -$11.03M -$3.510M -$1.220M -$70.00K
YoY Change 680.54% -11.08% 67.46% -682.52% -135.09% 8.07% -6.85% 10.82% 83.25% 88.96% 46.61% 52.33% -49.32% 1.72% -55.57% 18.77% 214.25% 187.7% 1642.86%
Income Tax $0.00 -$213.0K -$1.786M $471.0K -$3.760M -$4.340M -$3.060M -$1.300M -$610.0K -$340.0K -$300.0K -$1.230M -$370.0K -$1.750M -$910.0K -$490.0K -$160.0K -$20.00K
% Of Pretax Income -19.66%
Net Earnings -$614.9M -$78.78M -$88.60M -$52.70M $10.87M -$26.35M -$20.19M -$21.37M -$20.14M -$11.36M -$6.090M -$4.230M -$2.690M -$4.690M -$5.420M -$22.40M -$10.12M -$3.020M -$1.060M -$50.00K
YoY Change 680.54% -11.08% 68.13% -584.84% -141.24% 30.53% -5.52% 6.11% 77.29% 86.54% 43.97% 57.25% -42.64% -13.47% -75.8% 121.34% 235.1% 184.91% 2020.0%
Net Earnings / Revenue -11174.75% -4897.84% -6127.56% 19.04% -163.64% -163.35% -929.13% -233.7% -151.98% -617.11% -2852.63% -11789.47% -333.99% -293.2% -200.0% -45.45%
Basic Earnings Per Share -$0.99 -$0.41 -$0.96 -$0.76 $0.63 -$2.01
Diluted Earnings Per Share -$0.99 -$0.41 -$0.96 -$0.76 $0.63 -$2.01 -$308.6K -$347.2K -$340.8K -$286.9K -$296.9K -$267.6K -$302.6K -$564.4K -$1.618M -$8.390M -$3.922M -$1.541M -$627.2K -$39.68K

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 2010 2009 2008 2007 2006 2005 2004
Cash & Short-Term Investments $186.2M $348.6M $71.79M $66.42M $63.84M $26.86M $20.10M $28.06M $16.30M $11.27M $2.030M $3.380M $2.080M $3.250M $6.080M $2.720M $10.09M $18.29M $12.63M $14.16M
YoY Change -46.58% 385.59% 8.09% 4.03% 137.68% 33.63% -28.37% 72.15% 44.63% 455.17% -39.94% 62.5% -36.0% -46.55% 123.53% -73.04% -44.83% 44.81% -10.81%
Cash & Equivalents $71.43M $348.6M $71.79M $66.42M $63.84M $26.86M $20.10M $28.06M $16.30M $11.27M $2.030M $18.29M
Short-Term Investments $114.8M $0.00 $2.500M $11.59M $13.80M
Other Short-Term Assets $2.622M $302.0M $8.362M $11.07M $10.16M $11.60M $6.500M $690.0K $1.210M $2.420M $350.0K $220.0K $120.0K $200.0K $170.0K $1.420M $1.030M $400.0K $320.0K $50.00K
YoY Change -99.13% 3511.46% -24.46% 8.95% -12.41% 78.46% 842.03% -42.98% -50.0% 591.43% 59.09% 83.33% -40.0% 17.65% -88.03% 37.86% 157.5% 25.0% 540.0%
Inventory $0.00 $390.0K $340.0K $190.0K $30.00K $0.00
Prepaid Expenses
Receivables $0.00 $349.0K $1.464M $331.0K $541.0K $13.49M $1.040M $50.00K
Other Receivables $848.0K $5.766M $15.69M $9.856M $5.084M $6.330M $8.250M $530.0K
Total Short-Term Assets $189.7M $656.7M $97.31M $87.67M $79.63M $46.68M $35.89M $33.34M $20.84M $15.19M $3.100M $4.180M $2.640M $3.730M $6.630M $5.410M $12.73M $19.59M $13.20M $14.25M
YoY Change -71.11% 574.85% 10.99% 10.1% 70.58% 30.06% 7.65% 59.98% 37.2% 390.0% -25.84% 58.33% -29.22% -43.74% 22.55% -57.5% -35.02% 48.41% -7.37%
Property, Plant & Equipment $6.063M $5.081M $3.484M $1.279M $1.539M $1.540M $810.0K $120.0K $80.00K $60.00K $40.00K $20.00K $150.0K $260.0K $340.0K $3.710M $4.270M $2.620M $1.260M $0.00
YoY Change 19.33% 45.84% 172.4% -16.89% -0.06% 90.12% 575.0% 50.0% 33.33% 50.0% 100.0% -86.67% -42.31% -23.53% -90.84% -13.11% 62.98% 107.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.322M $577.0K $170.0K
YoY Change 649.05% 239.41%
Total Long-Term Assets $13.24M $7.456M $16.06M $14.82M $16.62M $13.96M $18.07M $4.250M $4.220M $4.210M $4.200M $200.0K $1.260M $1.360M $4.870M $8.530M $22.16M $4.090M $1.290M $30.00K
YoY Change 77.53% -53.58% 8.35% -10.81% 19.05% -22.74% 325.18% 0.71% 0.24% 0.24% 2000.0% -84.13% -7.35% -72.07% -42.91% -61.51% 441.81% 217.05% 4200.0%
Total Assets $202.9M $664.2M $113.4M $102.5M $96.25M $60.64M $53.96M $37.59M $25.06M $19.40M $7.300M $4.380M $3.900M $5.090M $11.50M $13.94M $34.89M $23.68M $14.49M $14.28M
YoY Change
Accounts Payable $2.667M $355.0K $4.374M $6.140M $4.471M $8.730M $4.410M $910.0K $720.0K $1.200M $350.0K $250.0K $370.0K $330.0K $150.0K $680.0K $3.130M $1.150M $490.0K $20.00K
YoY Change 651.27% -91.88% -28.76% 37.33% -48.79% 97.96% 384.62% 26.39% -40.0% 242.86% 40.0% -32.43% 12.12% 120.0% -77.94% -78.27% 172.17% 134.69% 2350.0%
Accrued Expenses $17.02M $18.00M $12.41M $4.651M $6.210M $5.700M $4.240M $2.980M $2.390M $2.510M $1.470M $1.070M $880.0K $800.0K $950.0K $810.0K $210.0K $150.0K $170.0K
YoY Change -5.41% 44.97% 166.89% -25.1% 8.95% 34.43% 42.28% 24.69% -4.78% 70.75% 37.38% 21.59% 10.0% -15.79% 17.28% 40.0% -11.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $19.77M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $360.0K $0.00 $140.0K $190.0K $70.00K $70.00K $0.00
YoY Change -100.0% -26.32% 171.43% 0.0%
Total Short-Term Liabilities $20.41M $38.78M $25.62M $19.89M $13.77M $13.09M $22.77M $10.90M $3.210M $3.770M $1.870M $1.530M $1.290M $1.210M $1.100M $1.870M $3.320M $1.450M $700.0K $190.0K
YoY Change -47.39% 51.36% 28.82% 44.48% 5.17% -42.51% 108.9% 239.56% -14.85% 101.6% 22.22% 18.6% 6.61% 10.0% -41.18% -43.67% 128.97% 107.14% 268.42%
Long-Term Debt $100.0M $494.5M $0.00 $0.00 $0.00 $650.0K $3.090M $5.920M $5.030M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.180M $1.220M $600.0K $0.00 $0.00
YoY Change -79.78% -100.0% -78.96% -47.8% 17.69% -100.0% -3.28% 103.33%
Other Long-Term Liabilities $4.852M $4.192M $4.467M $3.155M $3.618M $2.680M $28.91M $23.70M $70.00K $0.00 $210.0K $210.0K $1.180M $1.320M $1.280M $1.180M $690.0K $0.00
YoY Change 15.74% -6.16% 41.58% -12.8% 35.0% -90.73% 21.98% 33757.14% -100.0% 0.0% -82.2% -10.61% 3.13% 8.47% 71.01%
Total Long-Term Liabilities $104.9M $498.7M $4.467M $3.155M $3.618M $3.330M $32.00M $29.62M $5.100M $0.00 $0.00 $0.00 $210.0K $210.0K $1.180M $2.500M $2.500M $1.780M $690.0K $0.00
YoY Change -78.98% 11064.81% 41.58% -12.8% 8.65% -89.59% 8.04% 480.78% -100.0% 0.0% -82.2% -52.8% 0.0% 40.45% 157.97%
Total Liabilities $125.3M $537.5M $30.09M $23.05M $17.39M $18.10M $57.15M $41.08M $8.980M $4.430M $2.530M $1.530M $1.490M $1.410M $3.230M $5.390M $7.700M $3.230M $1.400M $190.0K
YoY Change -76.7% 1686.35% 30.57% 32.56% -3.95% -68.33% 39.12% 357.46% 102.71% 75.1% 65.36% 2.68% 5.67% -56.35% -40.07% -30.0% 138.39% 130.71% 636.84%

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 2010 2009 2008 2007 2006 2005 2004
Basic Shares Outstanding 619.6M shares 193.3M shares 92.24M shares 69.52M shares 17.14M shares 13.09M shares
Diluted Shares Outstanding 619.6M shares 193.3M shares 92.24M shares 69.52M shares 17.23M shares 13.09M 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: $12.979 Billion

About Summit Therapeutics Inc.

Summit Therapeutics, Inc. a biopharmaceutical company, which discovers, develops, and commercializes medicines to treat infectious diseases. The company is headquartered in Miami, Florida and currently employs 105 full-time employees. The company went IPO on 2004-10-14. The firm's development candidate is ivonescimab, a potential first-in-class bispecific antibody intending to combine the effects of immunotherapy via a blockade of PD-1 with the anti-angiogenesis effects of an anti-VEGF compound into a single molecule. The company develops ivonescimab in non-small cell lung cancer (NSCLC), specifically launching Phase III clinical trials in the indications such as ivonescimab combined with chemotherapy in patients with epidermal growth factor receptor (EGFR)-mutated, locally advanced or metastatic non-squamous NSCLC who have progressed after treatment with a third-generation EGFR tyrosine kinase inhibitor (HARMONi), and ivonescimab combined with chemotherapy in first-line metastatic squamous NSCLC patients (HARMONi-3). Its ivonescimab is engineered with Akeso's Tetrabody technology.

Industry: Pharmaceutical Preparations Peers: 4D Molecular Therapeutics, Inc. Aadi Bioscience, Inc. Evelo Biosciences, Inc. Outlook Therapeutics, Inc. Cartesian Therapeutics, Inc. Voyager Therapeutics, Inc. Vaxxinity, Inc.