KINETA, INC. (PTI) [Rocket]

Overview

KINETA, INC. (PTI)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/12/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/05/2023	8-K	Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Other Events, Financial Statements and E...
10/05/2023	424B5	Form 424B5 - Prospectus [Rule 424(b)(5)]:
10/04/2023	8-K	Regulation FD Disclosure, Financial Statements and Exhibits  Interactive Data
10/03/2023	8-K	Regulation FD Disclosure, Financial Statements and Exhibits  Interactive Data
08/16/2023	8-K	Other Events  Interactive Data
08/11/2023	8-K	Investor presentation

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-05-22	Dec-31-21	Dec-05-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
Revenues	2.0	17.0	9.1	23.4	6.9	0.0	2.8	5.3
Revenue growth	-78.5%	-27.6%	31.8%			-100.0%	-46.8%	-36.3%
Cost of goods sold	0.0	30.9	0.0	29.9	0.0	0.0	0.0	0.0
Gross profit	2.0	-14.0	9.1	-6.5	6.9	0.0	2.8	5.3
Gross margin	100.0%	-82.4%	100.0%	-27.6%	100.0%		100.0%	100.0%
Selling, general and administrative	43.5		20.2
Research and development					22.3	23.0	50.3	53.7
General and administrative		8.7		4.6	11.9	7.1	15.7	11.7
EBIT	-85.3	-22.7	-12.5	-11.1	-55.6	-30.0	-63.2	-60.0
EBIT margin	-4369.2%	-133.6%	-137.9%	-47.3%	-806.7%		-2224.7%	-1122.9%
Pre-tax income	-63.4	-63.4	-11.8	-11.8	-57.5	-31.2	-61.8	-59.4
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	-63.4	-63.4	-11.8	-11.8	-50.8	-31.2	-61.8	-59.4
Net margin	-3246.7%	-373.7%	-130.0%	-50.4%	-736.5%		-2177.2%	-1112.8%

Diluted EPS	($12.87)	($12.87)	($2.71)	($2.71)	($21.57)	($14.71)	($1.61)	($2.34)
Shares outstanding (diluted)	4.9	4.9	4.4	4.4	2.4	2.1	38.5	25.4

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.