Palatin Historical Income Statement
| PTN Stock | USD 1.14 0.01 0.88% |
Historical analysis of Palatin Technologies income statement accounts such as Gross Profit of 4.2 M, Other Operating Expenses of 28.4 M, Research Development of 20.5 M or Total Operating Expenses of 28.4 M can show how well Palatin Technologies performed in making a profits. Evaluating Palatin Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Palatin Technologies's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Palatin Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Palatin Technologies is a good buy for the upcoming year.
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About Palatin Income Statement Analysis
Palatin Technologies Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Palatin Technologies shareholders. The income statement also shows Palatin investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Palatin Technologies Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Palatin Technologies. It is also known as Palatin Technologies overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Palatin Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Palatin Technologies current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palatin Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Palatin Stock, please use our How to Invest in Palatin Technologies guide.At this time, Palatin Technologies' Depreciation And Amortization is very stable compared to the past year. As of the 1st of December 2024, Non Operating Income Net Other is likely to grow to about 1.5 M, while Interest Expense is likely to drop about 16.3 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 29.7K | 20.0K | 17.1K | 16.3K | Depreciation And Amortization | 126.7K | 288.3K | 339.1K | 512.3K |
Palatin Technologies income statement Correlations
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Palatin Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Palatin Technologies income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 64.2K | 382.0K | 126.7K | 288.3K | 339.1K | 512.3K | |
| Interest Expense | 20.1K | 23.4K | 29.7K | 20.0K | 17.1K | 16.3K | |
| Selling General Administrative | 9.8M | 17.3M | 16.5M | 15.3M | 12.3M | 7.7M | |
| Total Revenue | 118.0K | (188.6K) | 1.5M | 4.9M | 4.5M | 4.3M | |
| Gross Profit | 118.0K | (336.4K) | 1.3M | 4.4M | 4.4M | 4.2M | |
| Other Operating Expenses | 23.7M | 30.4M | 38.1M | 38.3M | 34.8M | 28.4M | |
| Operating Income | (23.6M) | (33.4M) | (36.6M) | (32.5M) | (22.5M) | (23.6M) | |
| Ebit | (23.6M) | (33.8M) | (36.6M) | (32.5M) | (29.4M) | (27.9M) | |
| Research Development | 14.0M | 12.9M | 21.3M | 22.6M | 22.4M | 20.5M | |
| Ebitda | (23.5M) | (33.4M) | (36.5M) | (32.2M) | (29.0M) | (27.6M) | |
| Total Operating Expenses | 23.7M | 30.3M | 37.8M | 37.9M | 34.7M | 28.4M | |
| Income Before Tax | (22.4M) | (33.6M) | (36.2M) | (32.2M) | (29.7M) | (28.2M) | |
| Total Other Income Expense Net | 1.2M | (212.4K) | 390.1K | 242.0K | (7.2M) | (6.9M) | |
| Net Income | (22.4M) | (33.6M) | (35.8M) | (27.5M) | (29.7M) | (28.2M) | |
| Income Tax Expense | (44.1K) | (27.7K) | (390.1K) | (4.7M) | (7.8M) | (7.4M) | |
| Cost Of Revenue | 14.0M | 147.8K | 217.5K | 418.5K | 97.6K | 92.8K | |
| Net Income From Continuing Ops | (22.4M) | (33.6M) | (36.2M) | (27.5M) | (29.7M) | (28.2M) | |
| Net Income Applicable To Common Shares | (22.4M) | (33.6M) | (36.2M) | (27.5M) | (24.8M) | (26.0M) | |
| Interest Income | 1.2M | 212.4K | 390.2K | 242K | 217.8K | 206.9K | |
| Net Interest Income | (20.1K) | (23.4K) | (29.7K) | (20.0K) | (17.1K) | (18.0K) | |
| Reconciled Depreciation | 64.2K | 51.1K | 126.7K | 288.3K | 339.1K | 356.0K |
Pair Trading with Palatin Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Palatin Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Palatin Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Palatin Stock
| 0.62 | EWTX | Edgewise Therapeutics | PairCorr |
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| 0.55 | HCM | HUTCHMED DRC | PairCorr |
| 0.53 | GANX | Gain Therapeutics | PairCorr |
| 0.5 | BCTXW | BriaCell Therapeutics | PairCorr |
The ability to find closely correlated positions to Palatin Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palatin Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Palatin Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Palatin Technologies to buy it.
The correlation of Palatin Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Palatin Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palatin Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Palatin Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palatin Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Palatin Stock, please use our How to Invest in Palatin Technologies guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Palatin Technologies. If investors know Palatin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Palatin Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.98) | Revenue Per Share 0.306 | Quarterly Revenue Growth (0.80) | Return On Assets (1.32) | Return On Equity (6.23) |
The market value of Palatin Technologies is measured differently than its book value, which is the value of Palatin that is recorded on the company's balance sheet. Investors also form their own opinion of Palatin Technologies' value that differs from its market value or its book value, called intrinsic value, which is Palatin Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Palatin Technologies' market value can be influenced by many factors that don't directly affect Palatin Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Palatin Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Palatin Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palatin Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.