Sonnet BioTherapeutics Holdings, Inc. (SONN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
100 OVERLOOK CENTER PRINCETON, NJ 08540 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 MRQ | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,862 | 149 | 4,574 | 3,053 | 27,622 | 7,350 | |||
| Cash and cash equivalent | 4,862 | 149 | 4,574 | 3,053 | 27,622 | 7,350 | |||
| Receivables | 500 | ||||||||
| Deferred costs | 15 | ||||||||
| Other undisclosed current assets | 1,364 | 1,953 | 164 | 2,361 | 1,189 | 288 | |||
| Total current assets: | 6,725 | 2,118 | 4,738 | 5,414 | 28,812 | 7,638 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 104 | 123 | 194 | 257 | 123 | 206 | |||
| Property, plant and equipment | 17 | 21 | 33 | 46 | 59 | 68 | |||
| Deferred costs | 122 | 15 | 50 | 113 | |||||
| Other noncurrent assets | 213 | 494 | 414 | 83 | |||||
| Total noncurrent assets: | 457 | 653 | 691 | 416 | 182 | 357 | |||
| TOTAL ASSETS: | 7,182 | 2,771 | 5,429 | 5,830 | 28,994 | 7,994 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,909 | 2,359 | 2,429 | 7,946 | 6,092 | 4,121 | |||
| Accounts payable | 1,640 | 2,183 | 2,202 | 4,752 | 3,781 | 2,058 | |||
| Accrued liabilities | 269 | 175 | 227 | 3,194 | 2,310 | 2,064 | |||
| Deferred revenue | 19 | 166 | 516 | 500 | |||||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 1 | 1 | 21 | ||
| Other undisclosed current liabilities | 1,213 | 852 | 3,077 | 51 | 95 | 82 | |||
| Total current liabilities: | 3,122 | 3,210 | 5,525 | 8,165 | 6,703 | 4,724 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 204 | 31 | 250 | ||||||
| Long-term debt, excluding current maturities | 125 | ||||||||
| Liabilities, other than long-term debt | 24 | 47 | 131 | ||||||
| Operating lease, liability | 24 | 47 | 131 | 204 | 31 | 125 | |||
| Other undisclosed noncurrent liabilities | (204) | (31) | (125) | ||||||
| Total noncurrent liabilities: | 24 | 47 | 131 | 204 | 31 | 250 | |||
| Total liabilities: | 3,145 | 3,257 | 5,655 | 8,369 | 6,734 | 4,974 | |||
| Equity | |||||||||
| Equity, attributable to parent | 4,037 | (486) | (226) | (2,539) | 22,260 | 3,020 | |||
| Common stock | 0 | 0 | 0 | 1 | 6 | 1 | |||
| Additional paid in capital | 124,878 | 117,195 | 110,018 | 88,872 | 83,943 | 39,724 | |||
| Accumulated deficit | (120,842) | (117,681) | (110,244) | (91,411) | (61,689) | (36,705) | |||
| Total equity: | 4,037 | (486) | (226) | (2,539) | 22,260 | 3,020 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,182 | 2,771 | 5,429 | 5,830 | 28,994 | 7,994 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,328 | 4,328 | 148 | 350 | 484 | |||
| Other income | 4,328 | 4,328 | 126 | |||||
| Gross profit: | 5,328 | 4,328 | 148 | 350 | 484 | |||
| Operating expenses | (14,420) | (11,868) | (18,940) | (30,019) | (25,571) | (17,411) | ||
| Other undisclosed operating loss | (4,328) | (4,309) | (6,826) | |||||
| Operating loss: | (13,420) | (11,849) | (18,793) | (29,669) | (25,087) | (24,238) | ||
| Nonoperating income (expense) (Gain (Loss), Foreign Currency Transaction, before Tax) | (179) | 84 | (40) | (52) | (22) | (48) | ||
| Loss from continuing operations before equity method investments, income taxes: | (13,599) | (11,765) | (18,833) | (29,722) | (25,109) | (24,286) | ||
| Other undisclosed income from continuing operations before income taxes | ||||||||
| Loss from continuing operations before income taxes: | (13,599) | (11,765) | (18,833) | (29,722) | (25,109) | (24,286) | ||
| Income tax expense | (158) | |||||||
| Loss from continuing operations: | (13,757) | (11,765) | (18,833) | (29,722) | (25,109) | (24,286) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (29,722) | (25,109) | (24,286) | |
| Net loss: | (13,757) | (11,765) | (18,833) | (29,722) | (25,109) | (24,286) | ||
| Other undisclosed net income attributable to parent | 4,328 | 4,328 | 126 | 21 | ||||
| Net loss attributable to parent: | (9,429) | (7,437) | (18,833) | (29,722) | (24,984) | (24,265) | ||
| Other undisclosed net loss available to common stockholders, basic | (41,339) | |||||||
| Net loss available to common stockholders, diluted: | (9,429) | (7,437) | (18,833) | (29,722) | (24,984) | (65,604) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (13,757) | (11,765) | (18,833) | (29,722) | (25,109) | (24,286) | ||
| Comprehensive loss, net of tax, attributable to parent: | (13,757) | (11,765) | (18,833) | (29,722) | (25,109) | (24,286) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.