Adagene (ADAG) Income Statement: Revenue & Earnings

Adagene Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Adagene Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	0.10	18.11	9.29	10.18	0.70
Cost of Revenue	0.93	0.00	0.00	0.00	0.00
Gross Profit	-0.82	18.11	9.29	10.18	0.70
Operating Expenses
Research & Development	27.86	36.63	81.34	68.10	33.54
Selling, General & Administrative	7.27	8.69	11.87	14.44	10.31
Operating Expenses	36.05	41.83	93.21	82.54	43.85
Operating Income	-35.95	-23.72	-83.92	-72.36	-43.15
Other Income/Expense
Interest Income	3.80	4.28	0.38	0.08	0.63
Interest Expense	0.85	-1.11	-0.69	-0.36	-0.20
Other Income/Expense	2.51	1.84	-2.55	1.78	0.97
Income
Income Before Tax	-33.44	-17.25	-79.51	-71.48	-42.40
Income Tax Expense	-0.02	1.69	0.46	1.70	0.00
Net Income	-33.42	-18.95	-79.97	-73.18	-42.40
Net Income - Continuous Operations	-33.42	-18.95	-79.97	-73.18	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-31.66	-22.74	-77.67	-71.24	-42.29
EBIT	-32.59	-23.72	-78.82	-72.36	-43.15
Depreciation & Amortization	0.93	0.98	-1.15	1.13	0.86
Earnings Per Share
Basic EPS	-1.00	-	-1.00	-2.00	-3.00
Diluted EPS	-1.00	-	-1.00	-2.00	-3.00
Basic Shares Outstanding	36.02	43.79	54.14	40.03	12.76
Diluted Shares Outstanding	36.02	43.79	54.14	40.03	12.76