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Erasca Reports Fourth Quarter and Full Year 2024 Business Updates and Financial Results
Thu 20 Mar 25, 08:01 PMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|
Type | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Income before tax | -242.80500M | -122.76400M | -101.66000M | -12.04000M |
Minority interest | - | - | - | - |
Net income | -238.16000M | -150.09000M | -173.06900M | -10.73700M |
Selling general administrative | 32.99M | 22.62M | 7.96M | 3.68M |
Selling and marketing expenses | - | - | - | - |
Gross profit | - | - | - | - |
Reconciled depreciation | 2.64M | 0.83M | 0.54M | 0.31M |
Ebit | -247.45000M | -124.88300M | 34.24M | -13.29400M |
Ebitda | -43.45000M | -68.19300M | 34.78M | -12.98400M |
Depreciation and amortization | 204.00M | 56.69M | 0.54M | 0.31M |
Non operating income net other | -0.25700M | 1.93M | - | - |
Operating income | -247.45000M | -124.88300M | 34.24M | -13.29400M |
Other operating expenses | 145.45M | 96.54M | 37.51M | 13.29M |
Interest expense | 201.36M | 55.86M | 0.34M | 0.00000M |
Tax provision | - | - | - | - |
Interest income | 4.90M | 0.19M | 0.34M | 1.30M |
Net interest income | 4.90M | 0.19M | 0.34M | 1.30M |
Extraordinary items | - | - | - | - |
Non recurring | 102.00M | 10.85M | - | - |
Other items | - | - | - | - |
Income tax expense | -4.64500M | 27.33M | 71.41M | -1.30300M |
Total revenue | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
Total operating expenses | 145.45M | 96.54M | 37.51M | 13.29M |
Cost of revenue | - | - | - | - |
Total other income expense net | 4.64M | 2.12M | -135.89800M | 1.25M |
Discontinued operations | - | - | - | - |
Net income from continuing ops | -242.80500M | -122.76400M | -101.66000M | -12.04000M |
Net income applicable to common shares | -242.80500M | -122.76400M | -101.66000M | -12.04000M |
Preferred stock and other adjustments | - | - | - | - |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 395.30M | 514.91M | 501.42M | 124.83M | 55.51M |
Intangible assets | - | - | - | - | - |
Earning assets | - | - | - | - | - |
Other current assets | 8.33M | 8.88M | 5.54M | 1.29M | 0.75M |
Total liab | 78.61M | 103.06M | 44.89M | 238.81M | 69.12M |
Total stockholder equity | 316.69M | -480.97100M | -238.16600M | -113.98400M | -13.60400M |
Deferred long term liab | - | - | - | - | - |
Other current liab | 20.19M | 24.34M | 2.88M | 2.53M | 0.64M |
Common stock | 0.01M | 0.01M | 0.01M | 0.00300M | 0.00300M |
Capital stock | 0.01M | 0.01M | 0.01M | 0.00300M | 0.00300M |
Retained earnings | -606.01300M | -480.97100M | -238.16600M | -115.40200M | -13.74200M |
Other liab | - | 0.57M | 0.16M | - | - |
Good will | - | - | - | - | - |
Other assets | - | 5.18M | 53.63M | 0.76M | 0.06M |
Cash | 93.08M | 284.22M | 360.49M | 65.38M | 29.58M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 26.16M | 48.69M | 26.38M | 13.68M | 2.75M |
Current deferred revenue | - | - | 18.54M | 9.40M | - |
Net debt | -37.21600M | -229.11900M | -341.69600M | -62.39000M | -25.89400M |
Short term debt | 3.97M | 1.30M | 0.28M | 0.88M | 0.73M |
Short long term debt | - | - | - | - | - |
Short long term debt total | 55.86M | 55.10M | 18.79M | 2.99M | 3.69M |
Other stockholder equity | 922.61M | 1.03M | -501.26500M | 1.41M | 0.12M |
Property plant equipment | - | 24.82M | 15.95M | 4.07M | 4.33M |
Total current assets | 320.68M | 444.50M | 420.02M | 119.99M | 51.12M |
Long term investments | 9.64M | 0.00000M | 44.77M | 0.00000M | 0.00000M |
Net tangible assets | - | 411.85M | 456.53M | -113.98400M | -13.60400M |
Short term investments | 219.28M | 151.40M | 53.99M | 53.33M | 20.79M |
Net receivables | - | - | 0.10M | - | - |
Long term debt | - | - | - | - | - |
Inventory | - | - | - | - | - |
Accounts payable | 2.00M | 23.05M | 4.68M | 0.88M | 1.38M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | 0.08M | -1.04100M | -0.16200M | 0.00200M | 0.01M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | 0.01M | 0.01M | 0.00300M | 0.00300M |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | -480.97100M | -238.16600M | - | - |
Treasury stock | - | - | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 4.38M | 5.18M | 3.32M | 0.76M | 0.06M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 74.62M | 70.41M | 81.40M | 4.83M | 4.39M |
Capital lease obligations | 55.86M | 55.10M | 18.79M | 2.99M | 3.69M |
Long term debt total | - | - | - | - | - |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|
Type | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Investments | -52.53000M | -45.70500M | -32.51000M | -20.29000M |
Change to liabilities | 0.68M | 13.20M | -0.38000M | 1.17M |
Total cashflows from investing activities | -71.08100M | -64.59000M | -71.20200M | -20.88700M |
Net borrowings | - | - | - | - |
Total cash from financing activities | 98.08M | 439.40M | 139.99M | 16.86M |
Change to operating activities | 15.11M | 6.36M | 3.67M | 0.54M |
Net income | -242.80500M | -122.76400M | -101.66000M | -12.04000M |
Change in cash | -76.27000M | 295.21M | 36.10M | -14.40000M |
Begin period cash flow | 360.89M | 65.69M | 29.58M | 43.98M |
End period cash flow | 284.62M | 360.89M | 65.69M | 29.58M |
Total cash from operating activities | -103.26400M | -79.60000M | -32.68600M | -10.37800M |
Issuance of capital stock | 95.25M | 436.39M | 136.97M | 16.86M |
Depreciation | 2.64M | 0.83M | 0.54M | 0.31M |
Other cashflows from investing activities | -4.00000M | -7.68000M | - | - |
Dividends paid | - | - | - | - |
Change to inventory | - | - | - | - |
Change to account receivables | - | - | - | - |
Sale purchase of stock | 0.82M | 1.07M | - | - |
Other cashflows from financing activities | 2.00M | 121.33M | -71.20200M | -20.88700M |
Change to netincome | 122.11M | 19.18M | 65.15M | -0.36100M |
Capital expenditures | 16.55M | 18.89M | 38.69M | 0.60M |
Change receivables | - | - | - | - |
Cash flows other operating | 15.11M | 9.85M | - | - |
Exchange rate changes | - | - | - | - |
Cash and cash equivalents changes | -76.27000M | 295.21M | - | - |
Change in working capital | 15.79M | 7.71M | 3.29M | 1.71M |
Stock based compensation | 20.11M | 8.33M | 0.80M | 0.12M |
Other non cash items | 101.01M | 27.81M | 71.75M | -0.48300M |
Free cash flow | -119.81500M | -98.48500M | -71.37800M | -10.97500M |
Sector: Healthcare Industry: Biotechnology
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to EBITDA (x) | |
---|---|---|---|---|---|---|---|---|
ERAS Erasca Inc |
-0.09 7.35% | 1.14 | - | - | - | 0.90 | -0.2055 | |
NVO Novo Nordisk A/S |
-1.585 2.49% | 62.05 | 41.58 | 31.15 | 2.13 | 32.99 | 2.11 | 4.70 |
NONOF Novo Nordisk A/S |
-0.59 0.93% | 62.55 | 41.06 | 31.25 | 2.08 | 33.11 | 2.11 | 4.70 |
VRTX Vertex Pharmaceuticals Inc |
-0.025 0.0053% | 474.54 | 29.67 | 24.33 | 10.38 | 5.83 | 9.33 | 20.00 |
REGN Regeneron Pharmaceuticals Inc |
-9.395 1.64% | 563.38 | 29.07 | 20.12 | 7.57 | 3.82 | 6.95 | 19.42 |
Erasca, Inc., a clinical-stage precision oncology company, focuses on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers. The company's lead product is naporafenib which is in phase 1b trial for patients with RAS Q16X solid tumors and plans to initiate a pivotal Phase 3 trial for patients with NRASm melanoma. It also develops ERAS-007, an oral inhibitor of ERK1/2 for the treatment of non-small cell lung and colorectal cancer, and advanced gastrointestinal malignancies; and ERAS-601, an oral SHP2 inhibitor for patients with advanced or metastatic solid tumors. In addition, it is developing ERAS-801, a central nervous system-penetrant EGFR inhibitor which is in phase 1 clinical trials for the treatment of patients with recurrent glioblastoma multiforme. The company entered into license agreement with Novartis to develop, manufacture, use, and commercialize naporafenib; Katmai Pharmaceuticals, Inc. to develop, manufacture, use, and commercialize ERAS-801 and certain other related compounds; and NiKang Therapeutics, Inc. to develop and commercialize ERAS-601 and certain other related compounds. Erasca, Inc. was incorporated in 2018 and is headquartered in San Diego, California.
3115 Merryfield Row, San Diego, CA, United States, 92121
Name | Title | Year Born |
---|---|---|
Dr. Jonathan E. Lim M.D. | Co-Founder, Chairman & CEO | 1972 |
Mr. Ebun S. Garner J.D., Esq. | Gen. Counsel & Corp. Sec. | 1972 |
Dr. Wei Lin M.D. | Chief Medical Officer | 1970 |
Dr. Michael D. Varney Ph.D. | Chairman of R&D, Scientific Advisory Board Member and Director | 1958 |
Dr. David M. Chacko M.D. | Chief Financial Officer | 1984 |
Dr. Nik Chetwyn Ph.D. | Sr. VP of Operations | NA |
Dr. Lisa Tesvich-Bonora Ph.D. | Chief People Officer | NA |
Mr. Brian L. Baker CPA, M.S., MS, CPA | Sr. VP of Fin. | 1967 |
Ms. Chandra D. Lovejoy | Sr. VP of Regulatory Affairs | 1971 |
Dr. Robert Shoemaker Ph.D. | Sr. VP of Research | 1981 |
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