Breakdown | |||||
TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
-264.00K | -617.00K | -4.17M | -1.40M | -1.21M | -850.00K | EBIT |
-48.30M | -44.65M | -105.43M | -118.84M | -120.23M | -75.81M | EBITDA |
-45.46M | -43.17M | -101.42M | -117.50M | -118.50M | -72.11M | Net Income Common Stockholders |
-45.98M | -42.82M | -105.89M | -119.13M | -119.71M | -72.97M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
98.30M | 28.77M | 92.85M | 189.57M | 259.68M | 187.04M | Total Assets |
101.09M | 101.09M | 103.95M | 203.84M | 271.23M | 200.51M | Total Debt |
878.00K | 4.34M | 16.46M | 14.95M | 0.00 | 0.00 | Net Debt |
-97.42M | -24.43M | -76.38M | -174.62M | -259.68M | -187.04M | Total Liabilities |
6.35M | 6.35M | 28.58M | 34.36M | 16.89M | 14.50M | Stockholders Equity |
94.74M | 94.74M | 75.37M | 169.48M | 254.34M | 186.01M |
Cash Flow | Free Cash Flow | ||||
-35.37M | -40.96M | -97.47M | -100.49M | -99.98M | -69.25M | Operating Cash Flow |
-35.22M | -40.68M | -97.21M | -98.03M | -98.80M | -67.67M | Investing Cash Flow |
-3.00K | -279.00K | -267.00K | -2.46M | -1.18M | -1.58M | Financing Cash Flow |
-6.02M | 33.75M | 262.00K | 30.37M | 172.62M | 129.99M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
50 Neutral | $2.22B | ― | -43.94% | ― | -83.18% | -144.95% | |
49 Neutral | $6.85B | 0.81 | -52.91% | 2.50% | 19.94% | 1.20% | |
46 Neutral | $3.17B | ― | -19.20% | ― | -89.95% | -123.71% | |
41 Neutral | $184.26M | ― | -187.83% | ― | -67.20% | 64.66% | |
39 Underperform | $103.72M | ― | -98.10% | ― | -58.64% | -40.05% | |
39 Underperform | $835.39M | ― | -54.00% | ― | 59.55% | 3.09% | |
34 Underperform | $348.06M | ― | -42.09% | ― | ― | -343.40% |
On February 3, 2025, Tectonic Therapeutic, Inc. announced a $185 million private placement agreement with accredited investors to fund its development pipeline, working capital, and general corporate purposes. The private investment in public equity (PIPE) involves the sale of 3,689,465 shares of common stock, with the transaction expected to close on February 5, 2025. The financing will support the clinical development of TX45 and TX2100, as well as the company’s discovery platform. The shares are sold under Regulation D’s exemption and are not registered under the Securities Act of 1933. This move is expected to enhance Tectonic’s operational capacity and industry positioning by providing necessary capital for its ongoing and future projects.
On January 30, 2025, Tectonic Therapeutic announced positive interim results from its Phase 1b trial of TX45 in patients with Group 2 Pulmonary Hypertension with Heart Failure with Preserved Ejection Fraction (PH-HFpEF). The results, which achieved all hemodynamic goals, bolster the potential for TX45’s continued development into Phase 2 trials, potentially addressing unmet needs in a market with significant revenue potential.
Tectonic Therapeutic has updated its corporate presentation, highlighting its pipeline and financial status. The company is advancing its lead product, TX45, targeting Group 2 Pulmonary Hypertension with ongoing Phase 1b and upcoming Phase 2 trials, aiming to address a significant unmet need with no current approved therapies. The company’s financial position is robust, with sufficient funds to support operations until mid-2027, and it is preparing to initiate a Phase 1 trial for another product, TX2100, targeting Hereditary Hemorrhagic Telangiectasia.