See more : The O.T. Mining Corporation (OTMN) Income Statement Analysis – Financial Results
Complete financial analysis of Sorrento Therapeutics, Inc. (SRNE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Sorrento Therapeutics, Inc., a leading company in the Biotechnology industry within the Healthcare sector.
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Sorrento Therapeutics, Inc. (SRNE)
About Sorrento Therapeutics, Inc.
Sorrento Therapeutics, Inc., a clinical stage and commercial biopharmaceutical company, develops therapies for cancer, autoimmune, inflammatory, viral, and neurodegenerative diseases. It operates through two segments, Sorrento Therapeutics and Scilex. The company provides cancer therapeutic by leveraging its proprietary G-MAB antibody library and targeted delivery modalities, which include chimeric antigen receptor T-cell therapy (CAR-T), dimeric antigen receptor T-cell therapy, and antibody drug conjugate, as well as bispecific antibody approach; and Sofusa, a drug delivery technology that deliver biologic directly into the lymphatic system. Its clinical programs in development include anti-CD38 CAR-T therapy for the treatment of multiple myeloma, as well as for amyloidosis and graft versus host disease. The company develops resiniferatoxin, a non-opioid-based TRPV1 agonist neurotoxin for late stage cancer and osteoarthritis knee pain treatment; and ZTlido, a lidocaine delivery system for the treatment of postherpetic neuralgia. It engages in the development of SEMDEXA, an injectable viscous gel formulation, which is Phase III trial for the treatment of sciatica, a pathology of low back pain; SP-103, an investigational non-aqueous lidocaine topical system undergoing clinical development in chronic low back pain condition; and SP-104, a novel low-dose delayed-release naltrexone hydrochloride formulation for the treatment of fibromyalgia. It has collaboration with SmartPharm Therapeutics Inc. to develop gene-encoded antibody vaccine to protect against COVID-19; Celularity, Inc. for initiating Phase I/II clinical study, including up to 94 patients with COVID-19; Mount Sinai Health System to develop COVI-SHIELD, an antibody therapy targeting SARS-CoV-2 infection; and Mayo Clinic for Phase Ib pilot study using sofusa lymphatic drug delivery technology to deliver Ipilimumab in patient with melanoma. The company was founded in 2006 and is based in San Diego, California.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 62.84M | 52.90M | 39.99M | 31.43M | 21.19M | 151.86M | 8.15M | 4.59M | 3.83M | 460.15K | 583.77K | 529.18K | 682.57K | 5.41K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 33.45M | 13.03M | 9.94M | 12.24M | 10.07M | 11.03M | 3.70M | 1.95M | 2.04M | 4.44K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 29.39M | 39.87M | 30.05M | 19.20M | 11.12M | 140.83M | 4.46M | 2.64M | 1.78M | 455.71K | 583.77K | 529.18K | 682.57K | 5.41K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 46.77% | 75.37% | 75.14% | 61.07% | 52.49% | 92.74% | 54.66% | 57.52% | 46.59% | 99.04% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 221.23M | 206.92M | 111.34M | 106.88M | 76.96M | 55.53M | 42.18M | 31.34M | 23.98M | 9.02M | 3.83M | 2.57M | 1.39M | 410.17K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 63.64M | 38.33M | 24.22M | 20.13M | 9.99M | 6.32M | 1.61M | 0.00 | 0.00 | 0.00 | 0.00 | 240.63K | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -5.37M | -2.04M | 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 |
| SG&A | 182.34M | 196.86M | 116.18M | 103.56M | 63.64M | 32.96M | 22.18M | 20.13M | 9.99M | 6.32M | 1.61M | 1.20M | 1.10M | 543.95K | 190.52K | 240.63K | 439.29K | 0.00 | 0.00 | 0.00 |
| Other Expenses | 130.14M | 4.14M | 4.05M | 3.94M | 3.01M | 2.61M | 845.00K | 1.16M | 2.35M | 804.07K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -308.03K | -763.00 | -763.00 |
| Operating Expenses | 533.70M | 407.92M | 231.57M | 214.38M | 140.60M | 88.49M | 64.35M | 52.63M | 36.32M | 16.14M | 5.44M | 3.77M | 2.49M | 954.12K | 190.52K | 240.63K | 439.29K | -308.03K | -763.00 | -763.00 |
| Cost & Expenses | 567.15M | 420.95M | 241.51M | 226.61M | 150.67M | 99.52M | 68.05M | 54.58M | 38.36M | 16.14M | 5.44M | 3.77M | 2.49M | 954.12K | 190.52K | 240.63K | 439.29K | -308.03K | -763.00 | -763.00 |
| Interest Income | 0.00 | 0.00 | 24.00K | 1.09M | 921.00K | 241.00K | 272.00K | 24.00K | 12.00K | 9.62K | 7.30K | 5.95K | 3.79K | 11.86K | 1.61K | 9.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 8.57M | 10.22M | 20.18M | 36.14M | 57.63M | 4.98M | 1.61M | 1.65M | 1.63M | 253.19K | 7.30K | 5.95K | 3.79K | 11.86K | 1.61K | 0.00 | 0.00 | 0.00 | 0.00 | 763.00 |
| Depreciation & Amortization | 13.25M | 16.32M | 14.71M | 15.04M | 9.05M | 7.08M | 2.89M | 2.37M | 3.18M | 1.29M | 293.30K | 159.22K | 23.41K | 2.76K | 3.23K | -29.99K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -539.93M | -435.99M | -275.69M | -308.40M | -147.10M | 27.38M | -60.34M | -9.74M | -31.55M | -20.37M | -4.55M | -3.08M | -1.78M | -939.51K | -187.29K | -270.62K | -439.29K | -308.03K | -763.00 | -763.00 |
| EBITDA Ratio | -859.22% | -724.81% | -479.85% | -582.53% | -568.22% | 39.13% | -699.37% | -119.28% | -824.73% | -4,426.33% | -778.50% | -580.39% | -260.95% | -17,137.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -504.32M | -368.05M | -201.53M | -195.18M | -129.48M | 52.34M | -59.90M | -74.01M | -34.74M | -21.67M | -4.85M | -3.24M | -1.81M | -954.12K | -190.52K | -240.63K | -439.29K | -308.03K | -763.00 | -763.00 |
| Operating Income Ratio | -802.55% | -695.68% | -503.99% | -620.97% | -610.94% | 34.46% | -734.76% | -1,612.31% | -908.29% | -4,708.85% | -831.25% | -612.72% | -265.49% | -17,626.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -57.43M | -94.48M | -66.06M | -100.18M | -63.36M | -10.02M | -4.94M | 36.23M | -1.62M | -6.23M | 7.30K | 5.95K | 3.79K | 11.86K | 0.00 | -30.00K | 0.00 | -308.03K | 0.00 | 0.00 |
| Income Before Tax | -561.75M | -462.53M | -310.58M | -359.58M | -213.78M | 15.32M | -64.83M | -13.76M | -36.36M | -21.91M | -4.85M | -3.24M | -1.81M | -942.27K | 0.00 | -270.63K | 0.00 | -616.06K | 0.00 | 0.00 |
| Income Before Tax Ratio | -893.95% | -874.28% | -776.72% | -1,143.98% | -1,008.73% | 10.09% | -795.30% | -299.78% | -950.56% | -4,761.79% | -830.00% | -611.60% | -264.94% | -17,407.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -2.42M | -33.52M | -2.01M | -473.00K | -6.27M | -36.04M | -896.00K | 36.31M | -1.70M | 9.62K | 14.60K | 11.90K | 7.57K | 23.71K | -1.61K | -9.00 | 439.29K | -308.03K | 763.00 | 763.00 |
| Net Income | -572.84M | -429.01M | -308.57M | -359.10M | -203.54M | 9.06M | -60.92M | -45.81M | -34.66M | -21.91M | -4.85M | -3.24M | -1.81M | -942.27K | -188.90K | -270.62K | -439.29K | -308.03K | -763.00 | -763.00 |
| Net Income Ratio | -911.60% | -810.93% | -771.69% | -1,142.48% | -960.41% | 5.97% | -747.34% | -998.06% | -906.07% | -4,761.79% | -830.00% | -611.60% | -264.94% | -17,407.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | -1.37 | -1.46 | -1.34 | -2.56 | -1.92 | 0.13 | -1.21 | -1.24 | -1.30 | -1.46 | -0.42 | -0.33 | -0.20 | -0.15 | -0.50 | -1.05 | -15.46 | -10.84 | -0.03 | -0.03 |
| EPS Diluted | -1.37 | -1.46 | -1.34 | -2.56 | -1.92 | 0.13 | -1.21 | -1.24 | -1.30 | -1.46 | -0.42 | -0.33 | -0.20 | -0.15 | -0.50 | -1.05 | -15.46 | -10.84 | -0.03 | -0.03 |
| Weighted Avg Shares Out | 419.32M | 294.77M | 229.82M | 140.51M | 106.15M | 69.74M | 50.36M | 36.91M | 26.68M | 15.05M | 11.41M | 9.92M | 8.83M | 6.08M | 378.02K | 257.93K | 28.41K | 28.41K | 28.41K | 28.41K |
| Weighted Avg Shares Out (Dil) | 419.32M | 294.77M | 229.82M | 140.51M | 106.15M | 70.38M | 50.36M | 36.91M | 26.68M | 15.05M | 11.41M | 9.92M | 8.83M | 6.08M | 378.02K | 257.93K | 28.41K | 28.41K | 28.41K | 28.41K |
Scilex Holding Company, a Sorrento Company, enters into an agreement for an exclusive license with ROMEG Therapeutics, LLC, for the right to commercialize Gloperba®, an FDA-approved prophylactic treatment for painful gout flares in adults, in the US.
Sorrento Therapeutics Announces First Subject Dosed in a Phase I Clinical Study of STI-1558, an Oral Mpro Inhibitor as a Standalone Treatment and Prevention of COVID-19 Without Co-Administration of Ritonavir Booster
Scilex Holding Company, a Sorrento Company, Announces Pre-Emptive Repurchase of $41.4 Million of its Senior Secured Notes
Scilex Holding Company, a Sorrento Company, announces continued growth in ZTlido® in managed health care plans
Caris Life Sciences, Prostate Cancer Clinical Trial Consortium and Sorrento Therapeutics Announce Collaboration to Advance Precision Medicine Development Using Comprehensive Genomic Profiling
Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. and Levena Biopharma, a Sorrento Company, are to Present Positive Clinical Progress of A166, an Anti-HER2 ADC, in Treating Locally Advanced or Metastatic HER2-Positive Breast Cancer Patients at the ASCO 2022 Annual Meeting
Scilex, a Sorrento Company, Announces Initiation of a Phase 2 Study to Evaluate the Safety and Efficacy of SP-103 in Subjects with Acute Low Back Pain
Sorrento Therapeutics, Inc. Appoints Former Roche Executive Tammy Reilly to the Board of Directors
Sorrento Starts Mid-Stage Study Of Abivertinib In Prostate Cancer
Sorrento's License Partner, Lee's Pharm, Announces Full Enrollment of 498 Patients in a Phase III Trial of Socazolimab (Anti-PD-L1 Antibody) for First-Line Treatment of Extensive-Stage Small-Cell Lung Cancer (ES-SCLC)
Source: https://incomestatements.info
Category: Stock Reports