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Cassava Sciences Inc
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Financials
Income Statement
Revenue
Net income
(USD) | Mar 2024info | Y/Y change |
---|---|---|
Revenue | — | — |
Operating expense | 3.70M | -15.73% |
Net income | 25.04M | 203.18% |
Net profit margin | — | — |
Earnings per share | -0.43 | 25.86% |
EBITDA | -19.62M | 24.88% |
Effective tax rate | — | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Mar 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 124.17M | -33.76% |
Total assets | 155.72M | -28.61% |
Total liabilities | 77.12M | 446.72% |
Total equity | 78.60M | — |
Shares outstanding | 47.98M | — |
Price to book | 12.24 | — |
Return on assets | -32.43% | — |
Return on capital | -46.13% | — |
Cash Flow
Net change in cash
(USD) | Mar 2024info | Y/Y change |
---|---|---|
Net income | 25.04M | 203.18% |
Cash from operations | -19.13M | -44.30% |
Cash from investing | — | — |
Cash from financing | 22.16M | 34,525.00% |
Net change in cash | 3.03M | 122.39% |
Free cash flow | 51.78M | 930.61% |
Previous close
$22.27
Day range
$21.52 - $22.35
Year range
$12.32 - $32.10
Market cap
1.06B USD
Avg Volume
985.84K
P/E ratio
-
Dividend yield
-
Primary exchange
NASDAQ
About
Cassava Sciences is an American pharmaceutical company based in Austin, Texas. The company was founded in 1998 by chief executive officer and president Remi Barbier as Pain Therapeutics, Inc., changing its name in 2019.
Cassava is developing simufilam, an oral-tablet drug candidate for the treatment of Alzheimer's disease; simufilam is in phase III clinical trials as of 2022. Reuters reported on July 27, 2022, that the United States Department of Justice is investigating Cassava Sciences over research results related to the experimental drug. A citizen petition attempting to suspend the clinical trials was filed with the Food and Drug Administration, but the FDA said that the citizen petition "was not a proper avenue" to stop the trials in February 2022. Cassava Sciences has denied any wrongdoing and raised concerns about the motivations behind the FDA petition. The U.S. Securities and Exchange Commission, the U.S. National Institutes of Health, and City University of New York were also investigating allegations of manipulated data.
Cassava initially worked on three drugs: the pain drugs Oxytrex and Remoxy, and PTI-901, which aimed to treat irritable bowel syndrome. Wikipedia
CEO
Founded
1998
Headquarters
Website
Employees
29