Fortress Biotech market cap is $247.4 m, and annual revenue was $36.63 m in FY 2019

Fortress Biotech Gross profit (Q1, 2020)9.1 M

Fortress Biotech Gross profit margin (Q1, 2020), %70.5%

Fortress Biotech Net income (Q1, 2020)-24.1 M

Fortress Biotech EBIT (Q1, 2020)-21.5 M

Fortress Biotech Cash, 31-Mar-2020135.9 M

Fortress Biotech EV223.4 M

Fortress Biotech revenue was $36.63 m in FY, 2019 which is a 36.3% year over year increase from the previous period.

Fortress Biotech revenue breakdown by business segment: 18.7% from Other Branded, 76.6% from Targadox and 4.7% from Other

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Revenue | 187.6m | 26.9m | 36.6m |

| (86%) | 36% | |

## Cost of goods sold | 3.7m | 6.1m | 10.5m |

## Gross profit | 183.9m | 20.8m | 26.1m |

| 98% | 77% | 71% |

## R&D expense | 56.7m | 87.4m | 81.3m |

## General and administrative expense | 40.5m | 53.4m | 55.6m |

## Operating expense total | 285.1m | 140.8m | 136.9m |

## EBIT | (101.2m) | (120.0m) | (110.8m) |

| (54%) | (446%) | (303%) |

## Interest expense | 7.9m | 8.5m | |

## Interest income | 819.0k | 1.1m | 2.6m |

## Pre tax profit | (98.3m) | (141.9m) | (101.7m) |

## Income tax expense | 1.5m | ||

## Net Income | (99.8m) | (141.9m) | (101.7m) |

## EPS | (1.6) | (1.9) | (0.7) |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 44.7m | 50.7m | 46.9m | 55.4m | 63.8m | 63.7m | 6.5m | 9.3m | 9.8m | 12.9m |

## Cost of goods sold | 469.0k | 878.0k | 505.0k | 1.5m | 1.7m | 1.9m | 2.4m | 2.7m | 3.8m | |

## Gross profit | 44.2m | 49.8m | 46.4m | 54.0m | 62.2m | 4.6m | 6.9m | 7.1m | 9.1m | |

| 99% | 98% | 99% | 97% | 97% | 71% | 74% | 72% | 71% | |

## R&D expense | 9.7m | 1.8m | 300.0k | 109.0k | 23.3m | 18.7m | 15.3m | 14.9m | ||

## General and administrative expense | 8.0m | 8.5m | 12.3m | 10.8m | 10.1m | 13.5m | 13.4m | 14.3m | 15.5m | |

## Operating expense total | 61.8m | 73.0m | 79.0m | 89.4m | 86.8m | 88.6m | 37.2m | 32.2m | 29.6m | 30.6m |

## EBIT | (17.6m) | (23.2m) | (32.6m) | (35.5m) | (24.6m) | (24.9m) | (32.6m) | (25.3m) | (22.5m) | (21.5m) |

| (39%) | (46%) | (70%) | (64%) | (39%) | (39%) | (503%) | (273%) | (231%) | (167%) |

## Interest expense | 1.8m | 2.2m | 2.2m | |||||||

## Interest income | 136.0k | 190.0k | 204.0k | 284.0k | 294.0k | 269.0k | 438.0k | 779.0k | 738.0k | 627.0k |

## Pre tax profit | (14.6m) | (22.9m) | (36.3m) | (38.2m) | (34.3m) | (27.6m) | (16.3m) | (27.5m) | (25.0m) | |

## Income tax expense | 9.2m | 1.4m | 944.0k | |||||||

## Net Income | (14.6m) | (22.9m) | (27.1m) | (38.2m) | (35.7m) | (28.6m) | (16.3m) | (27.5m) | (25.0m) | (24.1m) |

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Cash | 113.9m | 65.5m | 136.9m |

## Accounts Receivable | 7.8m | 5.5m | 13.5m |

## Prepaid Expenses | 12.7m | 6.7m | 4.1m |

## Inventories | 171.0k | 678.0k | 857.0k |

## Current Assets | 183.2m | 111.2m | 156.3m |

## PP&E | 9.5m | 12.0m | 12.4m |

## Goodwill | 18.6m | ||

## Total Assets | 246.0m | 141.0m | 226.4m |

## Accounts Payable | 36.1m | 34.1m | 35.5m |

## Short-term debt | 14.2m | 20.4m | 10.1m |

## Current Liabilities | 67.4m | 55.6m | 45.6m |

## Long-term debt | 43.2m | 60.4m | 101.1m |

## Total Debt | 57.4m | 80.8m | 111.3m |

## Total Liabilities | 125.4m | 121.3m | 153.9m |

## Common Stock | 551.0k | 717.0k | 574.0k |

## Preferred Stock | 1.0k | 1.0k | 1.0k |

## Additional Paid-in Capital | 364.1m | 397.4m | 461.9m |

## Retained Earnings | (312.1m) | (396.3m) | (436.2m) |

## Total Equity | 120.5m | 19.7m | 72.5m |

## Debt to Equity Ratio | 0.5 x | 4.1 x | 1.5 x |

## Debt to Assets Ratio | 0.2 x | 0.6 x | 0.5 x |

## Financial Leverage | 2 x | 7.1 x | 3.1 x |

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Net Income | (99.8m) | (141.9m) | (101.7m) |

## Depreciation and Amortization | 2.8m | 1.4m | 1.9m |

## Accounts Receivable | (5.9m) | 2.3m | (8.1m) |

## Inventories | 32.0k | (507.0k) | (179.0k) |

## Accounts Payable | 9.7m | 4.7m | 2.1m |

## Cash From Operating Activities | (85.4m) | (98.8m) | (95.0m) |

## Purchases of PP&E | (2.1m) | (7.1m) | (2.3m) |

## Cash From Investing Activities | (41.6m) | 18.8m | 20.1m |

## Long-term Borrowings | (3.6m) | (1.9m) | (134.0k) |

## Dividends Paid | (299.0k) | (2.3m) | (2.6m) |

## Cash From Financing Activities | 154.2m | 50.6m | 146.7m |

## Net Change in Cash | 27.1m | (29.4m) | 71.9m |

USD | Y, 2020 |
---|---|

## EV/EBIT | -10.4 x |

## EV/CFO | -10.2 x |

## Financial Leverage | 3 x |