Precigen (PGEN) FY2018 results: revenue $151 million, down 31.1% on the year
Precigen, Inc. (PGEN) reported revenue of $151 million for fiscal 2018, the year ended 31 December 2018, down 31.1% on the year before. Net income was -$509 million, and diluted earnings per share $-3.93. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$151 million
-31.1% on the year
FY2011FY2018
Operating margin
-334.4%
-62.8% a year earlier
FY2011FY2018
Net income
-$509 million
FY2011FY2018
Diluted EPS
-$3.93
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
151
219
191
-31.1%
Cost of revenue
n/a
62.8
61.6
Gross profit
n/a
n/a
129
Gross margin
n/a
n/a
67.7%
Research and development
405
143
112
+182.5%
Selling, general and administrative
138
146
142
-5.7%
Operating income
-506
-138
-125
Operating margin
-334.4%
-62.8%
-65.6%
Interest expense
8.5
0.6
0.9
+1,296.1%
Pre-tax income
-396
-78.4
-194
Income tax
-15.4
2.1
-3.9
Net income
-509
-117
-187
Net margin
-336.9%
-53.3%
-97.7%
Diluted EPS
-$3.93
-$0.98
-$1.58
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
-124
-104
-49.0
Capital expenditure
41.6
46.7
31.6
-10.9%
Free cash flow
-166
-150
-80.6
Free cash flow margin
-109.7%
-68.5%
-42.2%
Cash from investing
-151
104
-28.4
Cash from financing
310
4.3
12.1
+7,131.4%
Depreciation and amortisation
33.1
31.1
24.6
+6.3%
Share-based compensation
36.3
41.6
42.2
-12.7%
Shares outstanding at period end
160m
122m
119m
+31.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
363
534
560
-32.0%
Non-controlling interest
15.9
12.9
9.0
+22.9%
Debt
212
8.0
7.9
+2,535.2%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
126
292
372
-57.0%
Total liabilities and equity
716
847
949
-15.4%
Fixed assets
86.9
113
64.7
-22.9%
Goodwill
93.6
93.8
157
-0.1%
Intangible assets
89.0
233
226
-61.8%
Investments
120
6.3
181
+1,808.0%
Cash and equivalents
96.9
68.1
62.6
+42.2%
Receivables
21.2
19.8
21.6
+7.2%
Other assets
209
313
237
-33.3%
Total assets
716
847
949
-15.4%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.