Sorrento Therapeutics, Inc. financial data

Symbol
SRNE on OTC
Industry
Biological Products, (No Diagnostic Substances)
Location
4955 Directors Place, San Diego, CA
State of incorporation
DE
Fiscal year end
December 31
Former names
QUIKBYTE SOFTWARE INC (to 11/12/2009)
Latest financial report
10-Q - Q2 2023 - Aug 14, 2023

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 52.8 % -61.1%
Quick Ratio 5.09 % -30%
Debt-to-equity -1.02K % -346%
Return On Equity 1.01K %
Return On Assets -109 % -53.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 551M shares +22.5%
Common Stock, Shares, Outstanding 551M shares +26.3%
Entity Public Float 856M USD -69.4%
Common Stock, Value, Issued 55K USD +206%
Weighted Average Number of Shares Outstanding, Basic 551M shares +36.9%
Weighted Average Number of Shares Outstanding, Diluted 551M shares +36.9%

Income Statement

Label TTM Value / Value Unit Change %
General and Administrative Expense 194M USD -0.94%
Costs and Expenses 527M USD +6.19%
Operating Income (Loss) -463M USD -4.85%
Income Tax Expense (Benefit) 9.31M USD
Net Income (Loss) Attributable to Parent -548M USD -4.64%
Earnings Per Share, Basic -1.14 USD/shares +25.5%
Earnings Per Share, Diluted -1.14 USD/shares +25.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 69.7M USD -0.85%
Marketable Securities, Current 10.9M USD -82.8%
Accounts Receivable, after Allowance for Credit Loss, Current 32.7M USD +32.4%
Inventory, Net 9.65M USD -53.4%
Other Assets, Current 4.88M USD -39.6%
Assets, Current 133M USD -32.1%
Property, Plant and Equipment, Net 53.2M USD +25.2%
Operating Lease, Right-of-Use Asset 53.4M USD -38%
Intangible Assets, Net (Excluding Goodwill) 122M USD -29.1%
Goodwill 80.3M USD -1.33%
Other Assets, Noncurrent 2.38M USD -15.3%
Assets 457M USD -27.8%
Accounts Payable, Current 18.6M USD -25.6%
Employee-related Liabilities, Current 6.96M USD -75.5%
Accrued Liabilities, Current 91.9M USD +101%
Contract with Customer, Liability, Current 256K USD -74.9%
Liabilities, Current 265M USD +82.3%
Contract with Customer, Liability, Noncurrent 896K USD -99.2%
Deferred Income Tax Liabilities, Net 238K USD -89.9%
Operating Lease, Liability, Noncurrent 52.4M USD -37.8%
Other Liabilities, Noncurrent 3.31M USD -38.9%
Liabilities 655M USD +31.9%
Accumulated Other Comprehensive Income (Loss), Net of Tax 2.24M USD +168%
Retained Earnings (Accumulated Deficit) -2.19B USD -33.3%
Stockholders' Equity Attributable to Parent -205M USD -255%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -198M USD -246%
Liabilities and Equity 457M USD -27.8%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -49.5M USD +40.7%
Net Cash Provided by (Used in) Financing Activities 61.2M USD -64.7%
Net Cash Provided by (Used in) Investing Activities 1.68M USD
Common Stock, Shares Authorized 750M shares 0%
Common Stock, Shares, Issued 551M shares +26.3%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Interest Paid, Excluding Capitalized Interest, Operating Activities 116K USD +39.8%
Deferred Tax Assets, Valuation Allowance 417M USD +59.5%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 458M USD +35.1%
Operating Lease, Liability 65.5M USD -33%
Payments to Acquire Property, Plant, and Equipment 86K USD -96.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -547M USD -4.31%
Lessee, Operating Lease, Liability, to be Paid 97.8M USD -58%
Property, Plant and Equipment, Gross 103M USD +21.9%
Operating Lease, Liability, Current 13.1M USD -3.38%
Lessee, Operating Lease, Liability, to be Paid, Year Two 13.2M USD -13.8%
Lessee, Operating Lease, Liability, to be Paid, Year One 14.2M USD -8.17%
Operating Lease, Weighted Average Discount Rate, Percent 0.13 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 32.3M USD -76.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 12.9M USD -7.96%
Unrecognized Tax Benefits 16.2M USD +77.2%
Lessee, Operating Lease, Liability, to be Paid, Year Four 13.1M USD -4.44%
Operating Lease, Payments 15.6M USD +25.2%
Deferred Tax Assets, Net of Valuation Allowance 41.7M USD -46.7%
Interest Expense 6.81M USD -40.3%