Financial Snapshot

Revenue
$7.677M
TTM
Gross Margin
-75.44%
TTM
Net Earnings
-$42.77M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
40.05%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$11.71M
Q3 2024
Cash
Q3 2024
P/E
-0.2657
Nov 29, 2024 EST
Free Cash Flow
-$30.37M
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
Revenue $7.193M $22.31M $28.06M $18.13M $8.335M $10.50M $4.666M $4.080M $2.813M $120.0K $270.0K $20.00K
YoY Change -67.75% -20.5% 54.76% 117.52% -20.62% 125.03% 14.36% 45.04% 2244.17% -55.56% 1250.0%

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
Revenue $7.193M $22.31M $28.06M $18.13M $8.335M $10.50M $4.666M $4.080M $2.813M $120.0K $270.0K $20.00K
Cost Of Revenue $15.36M $21.14M $20.70M $20.68M $16.76M $15.40M $12.03M $6.872M $1.740M
Gross Profit -$8.170M $1.166M $7.355M -$2.550M -$8.430M -$4.900M -$7.362M -$2.792M $1.073M
Gross Profit Margin -113.58% 5.23% 26.21% -14.07% -101.14% -46.67% -157.78% -68.43% 38.14%

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
Selling, General & Admin $24.83M $30.74M $28.53M $20.79M $27.30M $25.70M $22.76M $24.08M $19.09M $11.02M $5.020M $2.950M
YoY Change -19.24% 7.77% 37.22% -23.86% 6.25% 12.92% -5.48% 26.1% 73.27% 119.52% 70.17%
% of Gross Profit 2636.71% 387.86% 1779.5%
Research & Development $13.25M $25.93M $21.80M $16.92M $16.33M $14.49M $23.73M $24.01M $25.36M $19.78M $14.94M $11.73M
YoY Change -48.89% 18.95% 28.85% 3.64% 12.68% -38.95% -1.15% -5.33% 28.22% 32.4% 27.37%
% of Gross Profit 2224.01% 296.41% 2363.65%
Depreciation & Amortization $859.0K $1.000M $1.300M $1.710M $2.200M $2.449M $2.940M $2.280M $1.465M $690.0K $580.0K $570.0K
YoY Change -14.1% -23.08% -23.98% -22.27% -10.17% -16.7% 28.95% 55.63% 112.32% 18.97% 1.75%
% of Gross Profit 85.76% 17.68% 136.53%
Operating Expenses $38.98M $56.68M $50.33M $37.71M $43.63M $40.19M $46.49M $48.09M $44.46M $30.80M $19.96M $14.67M
YoY Change -31.22% 12.61% 33.46% -13.57% 8.57% -13.56% -3.32% 8.17% 44.34% 54.31% 36.06%
Operating Profit -$47.15M -$55.51M -$42.97M -$41.36M -$52.06M -$45.09M -$53.85M -$50.88M -$43.38M
YoY Change -15.05% 29.17% 3.91% -20.56% 15.45% -16.27% 5.85% 17.28%

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
Interest Expense $82.00K -$6.838M $6.586M $5.518M $7.349M -$6.682M -$8.907M -$4.098M -$1.967M -$720.0K -$400.0K -$150.0K
YoY Change -101.2% -203.83% 19.35% -24.91% -209.98% -24.98% 117.35% 108.34% 173.19% 80.0% 166.67%
% of Operating Profit
Other Income/Expense, Net -$495.0K $31.00K -$6.268M -$5.442M -$6.948M $619.0K $331.0K $172.0K $60.00K $10.00K -$520.0K $350.0K
YoY Change -1696.77% -100.49% 15.18% -21.68% -1222.46% 87.01% 92.44% 186.67% 500.0% -101.92% -248.57%

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
Pretax Income -$50.08M -$62.32M -$49.24M -$46.80M -$59.01M -$51.15M -$62.43M -$54.80M -$45.29M -$31.39M -$20.61M -$14.46M
YoY Change -19.64% 26.56% 5.22% -20.69% 15.37% -18.07% 13.92% 21.0% 44.28% 52.3% 42.53%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$50.08M -$62.65M -$49.24M -$46.80M -$59.01M -$51.15M -$62.43M -$54.80M -$45.29M -$31.39M -$20.61M -$14.46M
YoY Change -20.06% 27.23% 5.22% -20.69% 15.35% -18.06% 13.91% 21.01% 44.28% 52.3% 42.53%
Net Earnings / Revenue -696.19% -280.87% -175.5% -258.12% -707.93% -487.17% -1337.93% -1343.24% -1610.02% -26158.33% -7633.33% -72300.0%
Basic Earnings Per Share -$19.19 -$12.22 -$15.50
Diluted Earnings Per Share -$19.19 -$12.28 -$310.0K -$385.7K -$1.297M -$1.261M -$1.943M -$2.106M -$2.209M -$3.621M -$1.144M -$802.4K

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
Cash & Short-Term Investments $15.69M $10.33M $32.24M $42.19M $11.03M $50.81M $41.80M $73.49M $73.66M $73.85M $30.20M $9.710M
YoY Change 51.89% -67.96% -23.58% 282.5% -78.29% 21.56% -43.12% -0.23% -0.26% 144.54% 211.02%
Cash & Equivalents $15.69M $10.33M $22.25M $16.79M $11.03M $50.81M $41.80M $73.49M $73.66M $73.85M $30.20M $9.710M
Short-Term Investments $0.00 $9.996M $25.40M
Other Short-Term Assets $3.261M $2.582M $3.110M $2.660M $1.440M $1.340M $710.0K $820.0K $840.0K $1.160M $200.0K $140.0K
YoY Change 26.3% -16.98% 16.92% 84.72% 7.46% 88.73% -13.41% -2.38% -27.59% 480.0% 42.86%
Inventory $4.819M $4.349M $3.909M $3.640M $3.600M $2.680M $1.340M $800.0K $680.0K $120.0K
Prepaid Expenses
Receivables $1.420M $2.163M $5.134M $5.100M $2.830M $1.790M $470.0K $330.0K $370.0K $200.0K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $25.19M $19.42M $44.39M $53.58M $18.90M $56.61M $44.32M $75.44M $75.55M $75.32M $30.39M $9.850M
YoY Change 29.69% -56.25% -17.14% 183.49% -66.61% 27.73% -41.25% -0.15% 0.31% 147.84% 208.53%
Property, Plant & Equipment $9.053M $13.27M $14.44M $14.81M $9.210M $7.320M $10.02M $13.59M $10.66M $2.760M $1.120M $1.200M
YoY Change -31.8% -8.08% -2.49% 60.8% 25.82% -26.95% -26.27% 27.49% 286.23% 146.43% -6.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $10.00M
YoY Change -100.0%
Other Assets $555.0K $1.694M $1.704M $690.0K $390.0K $390.0K $530.0K $540.0K $620.0K $1.050M $370.0K $390.0K
YoY Change -67.24% -0.59% 146.96% 76.92% 0.0% -26.42% -1.85% -12.9% -40.95% 183.78% -5.13%
Total Long-Term Assets $9.608M $14.97M $16.15M $25.50M $9.590M $7.700M $10.54M $14.13M $11.28M $3.810M $1.500M $1.580M
YoY Change -35.81% -7.29% -36.69% 165.9% 24.55% -26.94% -25.41% 25.27% 196.06% 154.0% -5.06%
Total Assets $34.80M $34.39M $60.54M $79.08M $28.49M $64.31M $54.86M $89.57M $86.83M $79.13M $31.89M $11.43M
YoY Change
Accounts Payable $1.527M $1.296M $2.832M $2.060M $3.750M $740.0K $650.0K $960.0K $1.230M $740.0K $940.0K $570.0K
YoY Change 17.82% -54.24% 37.48% -45.07% 406.76% 13.85% -32.29% -21.95% 66.22% -21.28% 64.91%
Accrued Expenses $11.33M $8.999M $8.338M $7.510M $11.21M $6.070M $6.220M $4.910M $4.160M $3.660M $1.320M $730.0K
YoY Change 25.88% 7.93% 11.03% -33.01% 84.68% -2.41% 26.68% 18.03% 13.66% 177.27% 80.82%
Deferred Revenue
YoY Change
Short-Term Debt $41.28M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $42.90M $42.37M $40.70M $1.270M $4.450M $300.0K $1.760M $820.0K
YoY Change -100.0% 1.25% 4.1% 3104.72% -71.46% 1383.33% -82.95% 114.63%
Total Short-Term Liabilities $56.15M $10.51M $11.69M $9.800M $60.57M $52.30M $51.78M $9.890M $12.25M $5.170M $4.050M $2.130M
YoY Change 434.48% -10.11% 19.27% -83.82% 15.81% 1.0% 423.56% -19.27% 136.94% 27.65% 90.14%
Long-Term Debt $0.00 $49.65M $47.79M $45.24M $0.00 $0.00 $1.010M $39.50M $26.12M $20.66M $3.300M $5.060M
YoY Change -100.0% 3.89% 5.64% -100.0% -97.44% 51.23% 26.43% 526.06% -34.78%
Other Long-Term Liabilities $6.681M $14.20M $13.96M $15.32M $1.920M $630.0K $730.0K $840.0K $1.510M $300.0K $1.270M $770.0K
YoY Change -52.96% 1.71% -8.85% 697.92% 204.76% -13.7% -13.1% -44.37% 403.33% -76.38% 64.94%
Total Long-Term Liabilities $6.681M $63.85M $61.75M $60.56M $1.920M $630.0K $1.740M $40.34M $27.63M $20.96M $4.570M $5.830M
YoY Change -89.54% 3.4% 1.97% 3054.17% 204.76% -63.79% -95.69% 46.0% 31.82% 358.64% -21.61%
Total Liabilities $62.83M $74.36M $73.44M $70.35M $62.49M $52.92M $53.52M $50.23M $39.89M $26.13M $8.620M $7.950M
YoY Change -15.5% 1.25% 4.4% 12.58% 18.08% -1.12% 6.55% 25.92% 52.66% 203.13% 8.43%

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
Basic Shares Outstanding 2.610M 5.100M 3.177M
Diluted Shares Outstanding 2.610M 5.100M 3.177M
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: $11.363 Million

About T2 Biosystems, Inc.

T2 Biosystems, Inc. engages in the development of a proprietary technology platform. The company is headquartered in Lexington, Massachusetts and currently employs 113 full-time employees. The company went IPO on 2014-08-07. Its technology enables detection of pathogens, biomarkers and other abnormalities in a variety of unpurified patient sample types, including whole blood, plasma, serum, saliva, sputum and urine, and can detect cellular targets at limits of detection as low as one colony forming unit per milliliter (CFU/mL). Its focus includes three areas: sepsis, bioterrorism, and Lyme disease. The firm's products include the T2Dx Instrument, the T2Bacteria Panel, the T2Candida Panel, the T2Resistance Panel, and the T2Biothreat Panel, and are powered by the T2 Magnetic Resonance (T2MR) technology. The company also has an active pipeline of products, including the United States T2Resistance Panel, the Candida auris test, and the T2Lyme Panel. T2Dx Instrument is a fully automated instrument that is capable of running a range of diagnostic tests from patient samples.

Industry: Surgical & Medical Instruments & Apparatus Peers: ACHIEVE LIFE SCIENCES, INC. Dominari Holdings Inc. SAB Biotherapeutics, Inc. BioCardia, Inc. Orgenesis Inc. LISATA THERAPEUTICS, INC. Renovacor, Inc. Corvus Pharmaceuticals, Inc. Moleculin Biotech, Inc.