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Summit Therapeutics SMMT Research collaboration agreement — Revenue

Discontinued — last reported Q4 '20

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CYTKResearch And Development Milestone Grant And Other Revenues Net — Revenue
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NBIXCollaboration revenues — Total revenues
$3.5M-60.7%

Other financials

Income statement

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Revenue-
Operating income-$65.6M-81.2%
Net income-$189.4M-201%
EPS (diluted)-$0.24-167%

Balance sheet

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Cash & equivalents$8.2M+7.2%
Total debt$20.0M+211%
Total equity$545.9M+58.5%
Total assets$647.9M+68.8%

Cash flow

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Operating cash flow-$122.3M-99.9%
CapEx$245.0K-41.9%
Free cash flow-$122.5M-99.0%

Valuation

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Market cap$10.67B+3.3%
Enterprise value$10.68B+3.4%

Profitability

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Operating margin-268,266.8%-272,316pp
Net margin-271,685%-275,966pp
FCF margin-5,931.6%+4,730pp

Returns & leverage

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Return on equity-271%-1,725pp
Debt / equity0.0×
Current ratio7.4×-3.2×

Where this comes from

Reported directly by Summit Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Summit Therapeutics’s 10-K, filed March 31, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does research collaboration agreement — revenue mean?
Revenue earned from partnering with other companies to jointly research and develop new drug candidates.
How do you interpret research collaboration agreement — revenue?
An increase indicates successful execution of partnership agreements and achievement of development milestones, while a decrease may suggest a lack of new collaborations or delays in reaching research targets.
How does research collaboration agreement — revenue compare across companies?
Common in biopharmaceutical firms, often compared against 'Collaboration Revenue' or 'License and Milestone Revenue' reported by peers in the drug development sector.