Financhill
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15

PHAT Quote, Financials, Valuation and Earnings

Last price:
$7.11
Seasonality move :
-9.47%
Day range:
$7.39 - $7.83
52-week range:
$6.07 - $19.71
Dividend yield:
0%
P/E ratio:
--
P/S ratio:
16.94x
P/B ratio:
--
Volume:
2.5M
Avg. volume:
1.6M
1-year change:
-9.26%
Market cap:
$509.4M
Revenue:
$682K
EPS (TTM):
-$5.75
Period Ending 2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31
Revenue -- -- -- -- $682K
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- $167K
Gross Profit -- -- -- -- $515K
Gross Profit Margin -- -- -- -- 75.51%
 
R&D Expenses $99.3M $98.1M $72.3M $71.4M $49.9M
Selling, General & Admin $6.9M $27.5M $62.7M $101M $117.9M
Other Inc / (Exp) -$145.8M $87K -$2.1M -$110K -$188K
Operating Expenses $106.2M $125.7M $135.1M $172.4M $167.8M
Operating Income -$106.2M -$125.7M -$135.1M -$172.4M -$167.3M
 
Net Interest Expenses -- -- -- -- $34.1M
EBT. Incl. Unusual Items -$255.1M -$129.1M -$143.9M -$197.7M -$201.6M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -$255.1M -$129.1M -$143.9M -$197.7M -$201.6M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$255.1M -$129.1M -$143.9M -$197.7M -$201.6M
 
Basic EPS (Cont. Ops) -$22.45 -$3.88 -$3.89 -$5.05 -$3.93
Diluted EPS (Cont. Ops) -$22.45 -$3.88 -$3.89 -$5.05 -$3.93
Weighted Average Basic Share $11.4M $33.2M $37M $39.1M $51.3M
Weighted Average Diluted Share $11.4M $33.2M $37M $39.1M $51.3M
 
EBITDA -$250.9M -$124.2M -$136.6M -$169.8M -$159M
EBIT -$251M -$124.5M -$137.1M -$170.4M -$159.6M
 
Revenue (Reported) -- -- -- -- $682K
Operating Income (Reported) -$106.2M -$125.7M -$135.1M -$172.4M -$167.3M
Operating Income (Adjusted) -$251M -$124.5M -$137.1M -$170.4M -$159.6M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue -- -- -- -- $16.4M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- $2.4M
Gross Profit -- -- -- -- $14M
Gross Profit Margin -- -- -- -- 85.59%
 
R&D Expenses $25.8M $16.6M $19M $12.3M $8.7M
Selling, General & Admin $7.1M $16.5M $23.5M $23.4M $76.1M
Other Inc / (Exp) -$4K -$2M -$11K -$197K -$8K
Operating Expenses $32.8M $33.1M $42.5M $35.7M $84.8M
Operating Income -$32.8M -$33.1M -$42.5M -$35.7M -$70.8M
 
Net Interest Expenses -- -- -- -- $14.8M
EBT. Incl. Unusual Items -$34.1M -$36.7M -$51.1M -$43.2M -$85.6M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -$34.1M -$36.7M -$51.1M -$43.2M -$85.6M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$34.1M -$36.7M -$51.1M -$43.2M -$85.6M
 
Basic EPS (Cont. Ops) -$1.02 -$0.98 -$1.32 -$0.76 -$1.32
Diluted EPS (Cont. Ops) -$1.02 -$0.98 -$1.32 -$0.76 -$1.32
Weighted Average Basic Share $33.4M $37.3M $38.8M $56.8M $64.6M
Weighted Average Diluted Share $33.4M $37.3M $38.8M $56.8M $64.6M
 
EBITDA -$32.7M -$35M -$41.6M -$33M -$66.9M
EBIT -$32.8M -$35.2M -$41.8M -$33.1M -$67.1M
 
Revenue (Reported) -- -- -- -- $16.4M
Operating Income (Reported) -$32.8M -$33.1M -$42.5M -$35.7M -$70.8M
Operating Income (Adjusted) -$32.8M -$35.2M -$41.8M -$33.1M -$67.1M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue -- -- -- -- $26.3M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- $4.3M
Gross Profit -- -- -- -- $21.9M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $69.2M $100.4M $69M $52.5M $38.9M
Selling, General & Admin $19.7M $54M $89.8M $91.6M $271M
Other Inc / (Exp) -$81.7M -$2M -$37K -$264K -$71K
Operating Expenses $88.9M $154.5M $158.8M $144.1M $309.9M
Operating Income -$88.9M -$154.5M -$158.8M -$144.1M -$287.9M
 
Net Interest Expenses -- -- -- -- $51.4M
EBT. Incl. Unusual Items -$173.4M -$161.8M -$178.5M -$177.1M -$339.4M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -$173.4M -$161.8M -$178.5M -$177.1M -$339.4M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$173.4M -$161.8M -$178.5M -$177.1M -$339.4M
 
Basic EPS (Cont. Ops) -$6.24 -$4.52 -$4.67 -$3.82 -$5.75
Diluted EPS (Cont. Ops) -$6.24 -$4.52 -$4.67 -$3.82 -$5.75
Weighted Average Basic Share -- -- -- -- --
Weighted Average Diluted Share -- -- -- -- --
 
EBITDA -$168.8M -$156M -$157.4M -$138M -$272.2M
EBIT -$169M -$156.5M -$158M -$138.5M -$273M
 
Revenue (Reported) -- -- -- -- $26.3M
Operating Income (Reported) -$88.9M -$154.5M -$158.8M -$144.1M -$287.9M
Operating Income (Adjusted) -$169M -$156.5M -$158M -$138.5M -$273M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue -- -- -- -- $25.6M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- $4.2M
Gross Profit -- -- -- -- $21.4M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $56.5M $58.8M $55.5M $36.5M $25.5M
Selling, General & Admin $16.7M $43.3M $70.3M $60.9M $214M
Other Inc / (Exp) $90K -$2M -$20K -$174K -$57K
Operating Expenses $73.2M $102M $125.8M $97.4M $239.5M
Operating Income -$73.2M -$102M -$125.8M -$97.4M -$218.1M
 
Net Interest Expenses -- -- -- -- $41.8M
EBT. Incl. Unusual Items -$75.3M -$108.1M -$142.7M -$122M -$259.9M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -$75.3M -$108.1M -$142.7M -$122M -$259.9M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$75.3M -$108.1M -$142.7M -$122M -$259.9M
 
Basic EPS (Cont. Ops) -$2.28 -$2.94 -$3.72 -$2.49 -$4.30
Diluted EPS (Cont. Ops) -$2.28 -$2.94 -$3.72 -$2.49 -$4.30
Weighted Average Basic Share $98.8M $110.2M $115.1M $147.6M $181.6M
Weighted Average Diluted Share $98.8M $110.2M $115.1M $147.6M $181.6M
 
EBITDA -$71.8M -$103.7M -$124.5M -$92.7M -$205.9M
EBIT -$72.1M -$104M -$125M -$93.1M -$206.5M
 
Revenue (Reported) -- -- -- -- $25.6M
Operating Income (Reported) -$73.2M -$102M -$125.8M -$97.4M -$218.1M
Operating Income (Adjusted) -$72.1M -$104M -$125M -$93.1M -$206.5M
Period Ending 2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31
Cash and Equivalents $243.8M $287.5M $183.3M $155.4M $381.4M
Short Term Investments -- -- -- -- --
Accounts Receivable, Net -- -- -- -- $1.6M
Inventory -- -- -- -- $1.2M
Prepaid Expenses $11.8M -- -- -- --
Other Current Assets -- $3.9M $3.3M $5.1M $13.2M
Total Current Assets $255.6M $291.4M $186.5M $160.5M $397.4M
 
Property Plant And Equipment $1.4M $3.4M $2.6M $3.5M $3.6M
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets $181K $384K $341K $804K $12.8M
Total Assets $257.2M $295.1M $189.4M $164.8M $413.8M
 
Accounts Payable $699K $16.8M $5.2M $10M $12.6M
Accrued Expenses $1.4M $26.3M $6.9M $7.1M $5M
Current Portion Of Long-Term Debt -- $7.4M -- -- --
Current Portion Of Capital Lease Obligations $161K $474K $487K $708K $726K
Other Current Liabilities $413K -- -- -- $7.1M
Total Current Liabilities $3.7M $55.5M $18.9M $26.2M $38.8M
 
Long-Term Debt $22.8M $39.6M $89.7M $95.3M $137.8M
Capital Leases -- -- -- -- --
Total Liabilities $29.2M $100.8M $117.3M $239.6M $486.6M
 
Common Stock $2K $3K $3K $3K $5K
Other Common Equity Adj -- -- -- -- --
Common Equity $228M $194.3M $72.2M -$74.8M -$72.8M
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $228M $194.3M $72.2M -$74.8M -$72.8M
 
Total Liabilities and Equity $257.2M $295.1M $189.4M $164.8M $413.8M
Cash and Short Terms $243.8M $287.5M $183.3M $155.4M $381.4M
Total Debt -- -- -- -- $137.8M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Cash and Equivalents $226.4M $224.6M $196.8M $213.7M $334.7M
Short Term Investments -- -- -- -- --
Accounts Receivable, Net -- -- -- -- $21.1M
Inventory -- -- -- $111K $3.1M
Prepaid Expenses -- -- -- -- --
Other Current Assets $800K $695K $975K $12.9M $15M
Total Current Assets $227.2M $225.3M $197.8M $226.7M $373.8M
 
Property Plant And Equipment $3.3M $2.7M $3.3M $3.7M $2.5M
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets $381K $341K $805K $6.6M $10.7M
Total Assets $230.9M $228.4M $201.9M $237M $387M
 
Accounts Payable $4.8M $5.6M $7.1M $5.8M $7.1M
Accrued Expenses $14.4M $17M $8.5M $7.8M $23.1M
Current Portion Of Long-Term Debt $5.6M -- -- -- --
Current Portion Of Capital Lease Obligations $431K $484K $685K $721K $680K
Other Current Liabilities -- -- $945K $2.4M $20.2M
Total Current Liabilities $27.7M $27.8M $22.9M $24M $65.3M
 
Long-Term Debt $41.1M $88.3M $93.9M $99.3M $175.7M
Capital Leases -- -- -- -- --
Total Liabilities $74.5M $124.9M $228.4M $254.8M $574.2M
 
Common Stock $3K $3K $3K $5K $6K
Other Common Equity Adj -- -- -- -- --
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $156.4M $103.5M -$26.4M -$17.8M -$187.1M
 
Total Liabilities and Equity $230.9M $228.4M $201.9M $237M $387M
Cash and Short Terms $226.4M $224.6M $196.8M $213.7M $334.7M
Total Debt -- -- -- -- $175.7M
Period Ending 2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31
Net Income to Stockholders -$255.1M -$129.1M -$143.9M -$197.7M -$201.6M
Depreciation & Amoritzation $8K $323K $521K $620K $575K
Stock-Based Compensation $406K $5.8M $16.8M $24.1M $45M
Change in Accounts Receivable -- -- -- -- -$1.6M
Change in Inventories -- -- -- -- -$9.4M
Cash From Operations -$36.5M -$69.7M -$148.5M -$146.5M -$137.6M
 
Capital Expenditures -- -- -- -- $1.6M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$25.3M -$1M -$328K -$1M -$1.6M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued $113.2M $25M $96.9M -- $39.3M
Long-Term Debt Repaid -- -- -$54.1M -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- $95.4M $172.7M
Cash From Financing $304.6M $114.5M $44.7M $120M $367.6M
 
Beginning Cash (CF) $879K $243.8M $287.5M $183.4M $155.9M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $242.9M $43.7M -$104.1M -$27.5M $228.4M
Ending Cash (CF) $243.8M $287.5M $183.4M $155.9M $384.3M
 
Levered Free Cash Flow -$61.8M -$70.7M -$148.8M -$147.6M -$139.2M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders -$34.1M -$36.7M -$51.1M -$43.2M -$85.6M
Depreciation & Amoritzation $88K $130K $175K $121K $191K
Stock-Based Compensation $2.1M $4.4M $5.8M $6.1M $5.6M
Change in Accounts Receivable -- -- -- -- -$10.2M
Change in Inventories -- -- -- -$111K -$418K
Cash From Operations -$20.7M -$29.1M -$35M -$31.9M -$63.6M
 
Capital Expenditures -- -- -- -- $44K
Cash Acquisitions -- -- -- -- --
Cash From Investing -$183K -$14K -$134K -$939K -$44K
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- $96.9M -- -- --
Long-Term Debt Repaid -- -$54.1M -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- -- --
Cash From Financing -- $44M $24.6M $13K $122.1M
 
Beginning Cash (CF) $247.3M $209.7M $207.9M $249.4M $279.1M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$20.9M $14.9M -$10.6M -$32.8M $58.4M
Ending Cash (CF) $226.4M $224.6M $197.3M $216.5M $337.5M
 
Levered Free Cash Flow -$20.9M -$29.1M -$35.2M -$32.9M -$63.6M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders -$173.4M -$161.8M -$178.5M -$177.1M -$339.4M
Depreciation & Amoritzation $223K $492K $587K $558K $787K
Stock-Based Compensation $3.8M $14.9M $21.8M $27.1M $41.9M
Change in Accounts Receivable -- -- -- -- -$21.1M
Change in Inventories -- -- -- -$111K -$9.9M
Cash From Operations -$64.9M -$135.4M -$146.8M -$134.8M -$247.1M
 
Capital Expenditures -- -- -- -- $605K
Cash Acquisitions -- -- -- -- --
Cash From Investing -$1M -$352K -$729K -$1.6M -$605K
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued $25M -- -- -- $74M
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- -- --
Cash From Financing $217.8M $134M $120.2M $155.6M $368.7M
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $151.9M -$1.7M -$27.3M $19.2M $121M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow -$65.9M -$135.7M -$147.5M -$136.4M -$247.7M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders -$75.3M -$108.1M -$142.7M -$122M -$259.9M
Depreciation & Amoritzation $217K $386K $452K $390K $602K
Stock-Based Compensation $3.5M $12.5M $17.5M $20.4M $17.4M
Change in Accounts Receivable -- -- -- -- -$19.4M
Change in Inventories -- -- -- -$111K -$566K
Cash From Operations -$41.5M -$107.2M -$105.5M -$93.8M -$203.3M
 
Capital Expenditures -- -- -- -- $130K
Cash Acquisitions -- -- -- -- --
Cash From Investing -$916K -$228K -$629K -$1.2M -$130K
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued $25M $96.9M -- -- $34.7M
Long-Term Debt Repaid -- -$54.1M -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- $95.4M -- --
Cash From Financing $25M $44.5M $120M $155.6M $156.7M
 
Beginning Cash (CF) $747.7M $735.1M $529.9M $535.3M $988.5M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$17.4M -$62.9M $13.9M $60.6M -$46.7M
Ending Cash (CF) $730.3M $672.3M $543.8M $596M $941.7M
 
Levered Free Cash Flow -$42.4M -$107.4M -$106.1M -$94.9M -$203.4M

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