Palatin Technologies, Inc. (PTN) financial statements (2022 and earlier)

Company profile

Business Address 4B CEDAR BROOK DRIVE
CRANBURY, NJ 08512
State of Incorp. NJ
Fiscal Year End June 30
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,32660,10582,85243,51038,00040,2008,003
Cash and cash equivalents47,32660,10582,85243,51038,00040,2008,003
Receivables5841,58050060,266 15,117 
Inventory, net of allowances, customer advances and progress billings1,0791,162     
Inventory1,0791,162     
Prepaid expense   488325171254
Other undisclosed current assets2,3803,0602381501891,0902,551
Total current assets:51,36865,90783,590104,41438,51456,57810,808
Noncurrent Assets
Operating lease, right-of-use asset1,0581,2381,266
Property, plant and equipment5119514014216419898
Other noncurrent assets57575718033957146
Total noncurrent assets:1,6261,3901,463321503255244
TOTAL ASSETS:52,99567,29785,054104,73539,01756,83311,052
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,3386,4383,6153,3534,32712,0728,482
Accounts payable1606417165052,2241,551714
Accrued liabilities6,1785,7972,8992,8492,10310,5217,768
Debt   3335,9497,8395,513
Other liabilities7,0683,722 500487  
Other undisclosed current liabilities458352313  35,051 
Total current liabilities:13,86410,5123,9284,18610,76354,96213,994
Noncurrent Liabilities
Long-term debt and lease obligation716901953 3336,28214,204
Long-term debt, excluding current maturities    3336,28214,190
Capital lease obligations   14
Operating lease, liability716901953
Liabilities, other than long-term debt3,0146,233  456754439
Other liabilities3,0146,233  456754439
Other undisclosed noncurrent liabilities205 (953) 500  
Total noncurrent liabilities:3,9347,133953 1,2897,03614,643
Total liabilities:17,79817,6454,8814,18612,05261,99828,638
Stockholders' equity
Stockholders' equity attributable to parent35,19649,65180,173100,54926,965(5,165)(17,586)
Preferred stock0000000
Common stock2,3172,3002,2932,2682,0061,605686
Additional paid in capital400,474399,146396,079394,054357,005349,975325,143
Accumulated other comprehensive loss     (1)(2)
Accumulated deficit(367,594)(351,795)(318,199)(295,773)(332,046)(356,744)(343,412)
Total stockholders' equity:35,19649,65180,173100,54926,965(5,165)(17,586)
TOTAL LIABILITIES AND EQUITY:52,99567,29785,054104,73539,01756,83311,052

Income statement (P&L) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues673(189)11860,30067,13544,724 
Revenue, net 44,724 
Cost of revenue(122)(148)     
Cost of goods and services sold(29)      
Gross profit:551(336)11860,30067,13544,724 
Operating expenses(36,601)(33,196)(23,725)(24,556)(41,208)(55,293)(49,250)
Other undisclosed operating income195148     
Operating income (loss):(35,856)(33,384)(23,607)35,74425,927(10,569)(49,250)
Nonoperating income (expense)393(212)1,1812931126(2,463)
Investment income, nonoperating10241,2014463112650
Foreign currency transaction gain (loss), before tax406(213)     
Interest and debt expense(22)(23)(20)(418)(1,452)(2,288)(2,513)
Income (loss) from continuing operations before income taxes:(35,486)(33,620)(22,446)35,35524,785(12,832)(54,226)
Income tax expense    (83)(500) 
Net income (loss):(35,486)(33,620)(22,446)35,35524,703(13,332)(54,226)
Other undisclosed net income attributable to parent222320418  2,513
Net income (loss) available to common stockholders, diluted:(35,463)(33,596)(22,426)35,77324,703(13,332)(51,713)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):(35,486)(33,620)(22,446)35,35524,703(13,332)(54,226)
Comprehensive income (loss):(35,486)(33,620)(22,446)35,35524,703(13,332)(54,226)
Other undisclosed comprehensive income, net of tax, attributable to parent  20418112,511
Comprehensive income (loss), net of tax, attributable to parent:(35,486)(33,620)(22,426)35,77324,703(13,330)(51,715)

Statements sources

The financial statements are based on the company's filings with the 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.

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