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Adaptive Biotechnologies Corp (ADPT)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K10-K10-K10-K10-K
Total revenues  154.398.485.155.738.4
            Revenue growth  56.9%15.6%52.8%44.8% 
Cost of goods sold  49.322.522.319.715.7
Gross profit  105.075.962.836.022.8
            Gross margin  68.1%77.1%73.8%64.7%59.2%
Selling, general and administrative   [+]170.0110.968.844.932.7
Research and development  142.3116.170.739.232.0
EBITDA   [+]-195.0-144.3-70.6-43.8-37.8
            EBITDA margin  -126.3%-146.7%-83.0%-78.6%-98.4%
Depreciation  12.36.86.14.34.1
EBITA  -207.3-151.1-76.7-48.1-41.9
            EBITA margin  -134.3%-153.6%-90.2%-86.3%-109.1%
Amortization of intangibles  1.71.71.71.71.7
EBIT   [+]-209.0-152.8-78.4-49.8-43.6
            EBIT margin  -135.4%-155.3%-92.1%-89.4%-113.5%
Non-recurring items      0.8
Interest income  1.76.69.83.31.6
Pre-tax income  -207.3-146.2-68.6-46.4-42.8
Income taxes  0.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%0.0%
Minority interest  0.0    
Net income  -207.3-146.2-69.6-46.3-42.7
            Net margin  -134.3%-148.6%-81.8%-83.3%-111.0%
   
Basic EPS   [+]($1.48)($1.11)($1.01)($3.67)($3.50)
Diluted EPS   [+]($1.48)($1.11)($1.01)($3.67)($3.50)
   
Shares outstanding (basic)   [+]140.4131.269.212.612.2
Shares outstanding (diluted)   [+]140.4131.269.212.612.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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