Adagene Inc. (ADAG)

Adagene Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	18.11	18.11	9.29	10.18	0.7	0.48
Revenue Growth (YoY)	78.00%	94.90%	-8.67%	1351.71%	46.02%	-68.24%
Gross Profit	18.11	18.11	9.29	10.18	0.7	0.48
Selling, General & Admin	8.67	8.67	11.87	14.44	10.31	3.44
Research & Development	36.64	36.64	81.34	68.1	33.54	16.21
Other Operating Expenses	-5.32	-5.32	-2.17	-1.78	-0.97	0
Operating Expenses	39.99	39.99	91.05	80.76	42.88	19.65
Operating Income	-21.88	-21.88	-81.75	-70.59	-42.18	-19.17
Interest Expense / Income	1.11	1.11	0.69	0.36	0.2	0.14
Other Expense / Income	-5.73	-5.73	-2.93	0.53	0.02	-2.88
Pretax Income	-17.25	-17.25	-79.51	-71.48	-42.4	-16.43
Income Tax	1.69	1.69	0.46	1.7	0	0
Net Income	-18.95	-18.95	-79.97	-73.18	-42.4	-16.43
Preferred Dividends	0	0	0	0.03	0.25	0.25
Net Income Common	-18.95	-18.95	-79.97	-73.21	-42.65	-16.68
Shares Outstanding (Basic)	55	55	54	50	16	15
Shares Outstanding (Diluted)	55	55	54	50	16	15
Shares Change	9.41%	1.11%	8.20%	213.67%	5.09%	0.13%
EPS (Basic)	-0.44	-0.44	-1.85	-1.82	-3.34	-1.38
EPS (Diluted)	-0.44	-0.44	-1.85	-1.82	-3.34	-1.38
Free Cash Flow	-28.53	-28.53	-49.3	-45.92	-29.46	-18.3
Free Cash Flow Per Share	-0.65	-0.65	-1.14	-1.15	-2.31	-1.51
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	-120.79%	-120.79%	-879.75%	-693.70%	-6017.82%	-3993.68%
Profit Margin	-104.61%	-104.61%	-860.59%	-719.46%	-6084.26%	-3474.69%
Free Cash Flow Margin	-157.54%	-157.54%	-530.50%	-451.34%	-4202.66%	-3812.02%
EBITDA	-14.94	-14.94	-77.37	-69.99	-41.34	-15.48
EBITDA Margin	-82.48%	-82.48%	-832.59%	-687.82%	-5897.55%	-3224.48%
Depreciation & Amortization	1.21	1.21	1.45	1.13	0.86	0.82
EBIT	-16.15	-16.15	-78.82	-71.11	-42.2	-16.29
EBIT Margin	-89.15%	-89.15%	-848.18%	-698.88%	-6020.02%	-3394.63%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).