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Ionis Pharmaceuticals IONS License — Revenue

Discontinued — last reported Q3 '19

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Other financials

Income statement

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Revenue$246.1M+87.0%
Gross profit$243.1M+86.8%
Operating income-$117.4M+20.0%
Net income-$92.5M+37.0%
EPS (diluted)-$0.56+39.8%

Balance sheet

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Cash & equivalents$173.4M-34.4%
Total debt$691.7M+334%
Total equity$491.4M+3.3%
Total assets$3.4B+22.6%

Cash flow

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Operating cash flow-$792.8M-426%
CapEx$21.8M+73.0%
Free cash flow-$814.6M-399%

Valuation

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Market cap$12.25B+159%
Enterprise value$12.77B+175%
P/S11.6×+5.0×

Profitability

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Gross margin98.4%-0.2pp
Operating margin-33.3%-11.0pp
Net margin-30.9%-10.5pp
FCF margin-77.4%+35.3pp

Returns & leverage

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Return on equity-67.6%-20.3pp
Debt / equity1.4×+1.1×
Current ratio4.1×-5.6×

Where this comes from

Reported directly by Ionis Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Ionis Pharmaceuticals’s 10-Q, filed November 6, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does license — revenue mean?
Revenue earned by granting other companies the rights to use proprietary technology or drug candidates through licensing agreements.
How do you interpret license — revenue?
An increase suggests successful execution of R&D partnerships, achievement of clinical or regulatory milestones, or strong demand for the company's proprietary technology platform. A decrease may indicate a lull in partnership activity, the completion of milestone payments, or challenges in advancing the pipeline to stages that trigger contractual payments.
How does license — revenue compare across companies?
Commonly reported by biotechnology and pharmaceutical companies as 'collaboration revenue' or 'license and milestone revenue,' often fluctuating significantly based on the timing of clinical trial results and regulatory filings.