Absci Corp financial data

Symbol
ABSI on Nasdaq
Industry
Services-Commercial Physical & Biological Research
Location
18105 Se Mill Plain Blvd, Vancouver, Washington
Fiscal year end
December 31
Former names
AbSci, LLC (to 12/19/2019)
Latest financial report
Q1 2024 - May 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 540 % -17.6%
Debt-to-equity 18.7 % +14.8%
Return On Equity -52.7 % -51.9%
Return On Assets -44.4 % -48.8%
Operating Margin -2.14 K % -29.6%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 113 M shares +22.2%
Common Stock, Shares, Outstanding 113 M shares +22.2%
Entity Public Float 92.4 M USD -47.6%
Common Stock, Value, Issued 11 K USD +22.2%
Weighted Average Number of Shares Outstanding, Basic 99.4 M shares +8.65%
Weighted Average Number of Shares Outstanding, Diluted 99.4 M shares +8.65%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 5.35 M USD -13.7%
Research and Development Expense 47.6 M USD -14.5%
Operating Income (Loss) -115 M USD -11.8%
Nonoperating Income (Expense) 5.45 M USD +110%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -109 M USD -9.26%
Income Tax Expense (Benefit) 105 K USD +71.4%
Net Income (Loss) Attributable to Parent -109 M USD -10.6%
Earnings Per Share, Basic -1.16 USD/shares -7.41%
Earnings Per Share, Diluted -1.16 USD/shares -7.41%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 58.8 M USD +416%
Assets, Current 182 M USD +9.97%
Operating Lease, Right-of-Use Asset 4.28 M USD -16.3%
Intangible Assets, Net (Excluding Goodwill) 47.4 M USD -6.64%
Goodwill 0 USD -100%
Other Assets, Noncurrent 1.53 M USD +25.5%
Assets 275 M USD -7.07%
Accounts Payable, Current 1.65 M USD -14.5%
Accrued Liabilities, Current 15.4 M USD -14.9%
Contract with Customer, Liability, Current 3.06 M USD +753%
Liabilities, Current 25.3 M USD -7.03%
Contract with Customer, Liability, Noncurrent 180 K USD
Deferred Income Tax Liabilities, Net 175 K USD -21.9%
Operating Lease, Liability, Noncurrent 5.3 M USD -23%
Other Liabilities, Noncurrent 78 K USD
Liabilities 34.8 M USD -16.9%
Accumulated Other Comprehensive Income (Loss), Net of Tax -132 K USD -38.9%
Retained Earnings (Accumulated Deficit) -428 M USD -34.2%
Stockholders' Equity Attributable to Parent 240 M USD -5.46%
Liabilities and Equity 275 M USD -7.07%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -17.9 M USD +11.2%
Net Cash Provided by (Used in) Financing Activities 81.2 M USD
Net Cash Provided by (Used in) Investing Activities -76.7 M USD -181%
Common Stock, Shares Authorized 500 M shares 0%
Common Stock, Shares, Issued 113 M shares +22.2%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -13.4 M USD +72.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 76.3 M USD +169%
Interest Paid, Excluding Capitalized Interest, Operating Activities 970 K USD +8.38%
Deferred Tax Assets, Valuation Allowance 61.3 M USD +57.1%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 78.5 M USD +38.5%
Operating Lease, Liability 7.32 M USD -18.7%
Depreciation 10.6 M USD +9.28%
Payments to Acquire Property, Plant, and Equipment 0 USD -100%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -109 M USD -10.5%
Lessee, Operating Lease, Liability, to be Paid 8.66 M USD -21.3%
Property, Plant and Equipment, Gross 68.8 M USD +40.2%
Operating Lease, Liability, Current 1.59 M USD -7.36%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.87 M USD -14.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 2.2 M USD -6.42%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Deferred Income Tax Expense (Benefit) -11 K USD +21.4%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.34 M USD -33%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.93 M USD +2.99%
Deferred Tax Assets, Operating Loss Carryforwards 44 M USD +34.9%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) -52 K USD +89.7%
Current Income Tax Expense (Benefit) 152 K USD +245%
Preferred Stock, Shares Authorized 10 M shares 0%
Unrecognized Tax Benefits 2.12 M USD +52.2%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.99 M USD +3.01%
Operating Lease, Payments 2.36 M USD +2.7%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 4 K USD +33.3%
Current Federal Tax Expense (Benefit) 0 USD
Amortization of Intangible Assets 3.4 M USD 0%
Depreciation, Depletion and Amortization 13.9 M USD +2.02%
Deferred Tax Assets, Net of Valuation Allowance 17.2 M USD -2.7%
Share-based Payment Arrangement, Expense 12.4 M USD +7.29%
Deferred State and Local Income Tax Expense (Benefit) 0 USD
Interest Expense 865 K USD -21.2%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%