Sorrento Therapeutics

Sorrento Therapeutics is a biopharmaceutical company engaged in the acquisition, discovery, development and commercialization of proprietary drug therapeutics for addressing significant unmet medical needs. Sorrento's primary therapeutic focus is cancer although its products and technologies have much broader clinical applications including autoimmune disorders, metabolic diseases and infectious diseases. The Company's lead programs consist of four Phase III BioSimilar/BioBetter antibodies. It is also advancing a portfolio of adoptive cellular therapies, immuno-oncology mAbs, and antibody drug conjugates (ADCs).
Company Growth (employees)
Type
Public
HQ
San Diego, US
Founded
2006
Size (employees)
154 (est)+59%
Sorrento Therapeutics was founded in 2006 and is headquartered in San Diego, US

Key People/Management at Sorrento Therapeutics

Henry Ji

Henry Ji

Chairman, President and Chief Executive Officer
Jerome Zeldis

Jerome Zeldis

Chief Medical Officer
George Ng

George Ng

EVP, Chief Administrative and Legal Officer
Dean Ferrigno

Dean Ferrigno

Vice President, Finance

Sorrento Therapeutics Office Locations

Sorrento Therapeutics has an office in San Diego
San Diego, US (HQ)
9380 Judicial Dr
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Sorrento Therapeutics Financials and Metrics

Sorrento Therapeutics Financials

Sorrento Therapeutics's revenue was reported to be $8.2 m in FY, 2016
USD

Revenue (Q3, 2017)

121.9 m

Net income (Q3, 2017)

37.5 m

EBIT (Q3, 2017)

96.9 m

Market capitalization (23-Feb-2018)

699.7 m

Cash (30-Sep-2017)

38.3 m

EV

685.9 m
Sorrento Therapeutics's current market capitalization is $699.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

460.1 k3.8 m4.6 m8.2 m

Revenue growth, %

731%20%78%

R&D expense

9 m24 m31.3 m42.2 m

General and administrative expense

6.3 m10 m20.1 m24.2 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

83.8 k976 k775 k1.3 m977 k1.2 m1.1 m988 k902 k2.2 m4.9 m4.7 m121.9 m

R&D expense

2.1 m6.1 m5.3 m5.4 m7.8 m8 m7.2 m7.8 m10.6 m10.2 m14.9 m11.2 m

General and administrative expense

1.1 m3.4 m2.4 m1.9 m2.2 m3.1 m4.7 m4.5 m4.2 m5.3 m11.9 m9.1 m

Operating expense total

3.4 m10.9 m8.8 m8.4 m11.2 m11.7 m36.7 m25.7 m47.3 m16 m28.2 m18.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

31.7 m71.9 m39 m82.4 m

Current Assets

32.6 m73.9 m141 m89.7 m

PP&E

2.4 m2.3 m7.2 m12.7 m

Goodwill

24 m24 m20.6 m41.5 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

6.4 m29.9 m50.2 m44.3 m60.5 m51.7 m59.1 m20.8 m98.2 m66.5 m33.9 m53.7 m38.3 m

Current Assets

6.9 m31.2 m51.4 m45.8 m62.2 m53.8 m124.8 m71.7 m146.3 m71.8 m42.1 m60.6 m44.7 m

PP&E

1.7 m2.4 m2.3 m2.4 m2.5 m2.8 m3.8 m7.4 m9.2 m10.1 m17 m18 m

Goodwill

24 m24 m24 m24 m12.5 m20.6 m20.6 m20.6 m20.6 m36.9 m38.3 m38.3 m
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    (21.9 m)(34.7 m)(50.1 m)(63.9 m)

    Depreciation and Amortization

    1.3 m3.2 m2.4 m2.9 m

    Accounts Receivable

    (2.2 m)

    Inventories

    (3.2 m)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    (10.6 m)(10.1 m)(18.5 m)(26.2 m)(10.4 m)(21.4 m)(23.5 m)(20 m)(66.1 m)14.2 m(23.8 m)(38.5 m)37.5 m

    Depreciation and Amortization

    637.6 k774 k1.6 m2.4 m823 k1.4 m1.8 m545 k1.1 m1.5 m3.2 m

    Accounts Payable

    824.9 k(980 k)(955 k)(703 k)95 k321 k(352 k)1.8 m3.1 m1.4 m2.4 m(1.1 m)13 m

    Cash From Operating Activities

    (9.3 m)(9.1 m)(15.5 m)(21.1 m)(8.8 m)(7.6 m)(25.9 m)(20.2 m)(32.4 m)(21.9 m)(41.7 m)
      Y, 2017

      EV/EBIT

      7.1 x

      Debt/Equity

      0.2 x

      Debt/Assets

      0.1 x

      Financial Leverage

      3.5 x
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      Sorrento Therapeutics Market Value History

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