Adagene Inc. (ADAG)

Adagene Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	95.67	109.93	143.76	174.39	75.15	92.53
Short-Term Investments	-	-	-	-	-	8
Cash & Short-Term Investments	95.67	109.93	143.76	174.39	75.15	100.53
Cash Growth	-25.70%	-23.53%	-17.57%	132.05%	-25.25%	104.92%
Accounts Receivable	-	-	-	3	-	0.48
Other Receivables	0.03	0.22	0.62	4.51	0.13	1.66
Receivables	0.03	0.22	0.62	7.51	0.13	2.14
Other Current Assets	3.1	3.29	4.94	4.06	3.81	1.25
Total Current Assets	98.8	113.44	149.32	185.95	79.1	103.92
Property, Plant & Equipment	1.69	2.2	2.97	3.49	2.07	1.88
Other Long-Term Assets	0.28	0.08	0.11	0.07	3.1	0.09
Total Assets	100.78	115.73	152.4	189.51	84.26	105.89
Accounts Payable	3.37	3.09	3.67	3.32	1.81	0.71
Accrued Expenses	19.87	19.6	22.42	14.7	8.45	4.33
Short-Term Debt	4.21	4.24	10.77	3.12	3.83	0.72
Current Portion of Long-Term Debt	11.77	4.16	2.85	1.38	1.18	0.32
Current Portion of Leases	0.14	0.2	0.15	-	-	-
Current Income Taxes Payable	0.04	0.05	-	1.66	-	-
Current Unearned Revenue	-	-	15.11	5.5	0.73	0.99
Other Current Liabilities	0.12	0.12	0.11	0.14	0.15	0.1
Total Current Liabilities	39.52	31.46	55.08	29.82	16.15	7.18
Long-Term Debt	4.56	13.54	14.15	2.99	2.97	1.52
Long-Term Leases	0.11	0.17	0.05	-	-	-
Long-Term Unearned Revenue	-	-	0.03	0.09	0.09	-
Long-Term Deferred Tax Liabilities	-	-	-	0.04	-	-
Total Liabilities	44.19	45.17	69.31	32.95	19.2	8.7
Common Stock	0.01	0.01	0.01	0.01	0	0
Additional Paid-In Capital	352.65	350.11	342.74	336.1	23.79	6.79
Retained Earnings	-294.76	-277.75	-258.81	-178.83	-105.66	-63.26
Treasury Stock	-0	-0	-0	-0.62	-	-
Comprehensive Income & Other	-1.3	-1.8	-0.85	-0.09	-7.52	-0.54
Total Common Equity	56.59	70.56	83.09	156.56	-89.39	-57.01
Shareholders' Equity	56.59	70.56	83.09	156.56	65.06	97.19
Total Liabilities & Equity	100.78	115.73	152.4	189.51	84.26	105.89
Total Debt	20.79	22.31	27.97	7.49	7.98	2.56
Net Cash (Debt)	74.88	87.63	115.79	166.9	67.17	97.98
Net Cash Growth	-27.66%	-24.32%	-30.63%	148.48%	-31.44%	109.68%
Net Cash Per Share	1.70	2.00	2.67	4.17	5.26	8.07
Filing Date Shares Outstanding	44.27	44.16	43.77	43.79	43.52	12.15
Total Common Shares Outstanding	44.27	44.12	43.25	43.68	13.28	12.15
Working Capital	59.29	81.99	94.24	156.13	62.95	96.74
Book Value Per Share	1.28	1.60	1.92	3.58	-6.73	-4.69
Tangible Book Value	56.59	70.56	83.09	156.56	-89.39	-57.01
Tangible Book Value Per Share	1.28	1.60	1.92	3.58	-6.73	-4.69
Machinery	7.11	7.14	7.27	7.29	5.35	4.25
Leasehold Improvements	1.03	1.04	1.06	1.15	0.92	0.77

Source: S&P Capital IQ. Standard template. Financial Sources.