Aquestive Therapeutics, Inc.

AQST

AQSTAquestive Therapeutics, Inc. US flag

NASDAQ Global Market

3.93

USD

-0.21

- -

390.28MMarket Cap

Income Statement (USD)

API Chat

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	52	67	67	53	46	51	48	51	58	45
+ Sales & Services Revenue	52	67	67	53	46	51	48	51	58	45
- Cost of Revenue	16	20	21	20	13	15	19	21	18	19
+ Cost of Goods & Services	16	20	21	20	13	15	19	21	18	19
Gross Profit	35	47	46	32	33	36	28	30	40	26
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	36	47	95	85	76	71	70	45	70	97
+ Selling, General & Admin	21	25	72	64	56	53	53	32	50	80
+ Research & Development	15	22	23	21	20	17	17	13	20	17
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-1	- -	-49	-53	-43	-35	-42	-15	-31	-71
- Non-Operating (Income) Loss	9	9	12	14	13	36	12	-7	13	13
+ Interest Expense, Net	6	8	7	9	13	22	12	-9	13	13
+ Interest Expense	6	8	8	9	13	22	12	7	17	17
- Interest Income	- -	- -	1	1	- -	- -	- -	16	3	4
+ Other Non-Op (Income) Loss	3	1	5	5	- -	14	- -	1	- -	- -
Pretax Income	-10	-9	-61	-66	-56	-71	-54	-8	-44	-84
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-10	-9	-61	-66	-56	-71	-54	-8	-44	-84
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-10	-9	-61	-66	-56	-71	-54	-8	-44	-84
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-10	-9	-61	-66	-56	-71	-54	-8	-44	-84
- Preferred Dividends	2	2	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-12	-11	-61	-66	-56	-71	-54	-8	-44	-84
EBIT	-1	- -	-49	-53	-43	-35	-42	-15	-31	-71
EBITDA	3	4	-46	-50	-39	-32	-40	-14	-30	-71
EBITDA Margin (%)	5.88	5.51	-67.78	-94.59	-86.04	-62.39	-83.22	-27.2	-52.21	-158.27
EBITA	-1	- -	-49	-53	-43	-35	-42	-15	-31	-71
Gross Margin (%)	68.37	70.38	68.87	61.3	71.72	70.51	59.34	58.82	68.95	58.35
Operating Margin (%)	-1.64	-0.17	-72.58	-100.11	-93.55	-68.22	-88.23	-29.86	-53.46	-159.5
Profit Margin (%)	-18.54	-13.36	-91.02	-125.92	-121.67	-138.77	-114.11	-15.56	-76.68	-188.09
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	4	4	3	3	3	3	2	1	1	1
Basic Weighted Avg Shares	24	20	21	25	34	38	49	61	87	107
Basic EPS, GAAP	-0.49	-0.57	-2.96	-2.61	-1.66	-1.85	-1.12	-0.13	-0.51	-0.78
Basic EPS from Cont Ops	-0.39	-0.45	-2.96	-2.61	-1.66	-1.85	-1.12	-0.13	-0.51	-0.78
Diluted Weighted Avg Shares	24	20	21	25	34	38	49	61	87	107
Diluted EPS, GAAP	-0.49	-0.57	-2.96	-2.61	-1.66	-1.85	-1.12	-0.13	-0.51	-0.78
Diluted EPS from Cont Ops	-0.39	-0.45	-2.96	-2.61	-1.66	-1.85	-1.12	-0.13	-0.51	-0.78

Balance Sheet (USD)

API Chat

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	23	28	74	68	45	47	40	41	88	149
+ Cash, Cash Equivalents & STI	9	17	61	49	32	28	27	24	72	121
+ Cash & Cash Equivalents	9	17	61	49	32	28	27	24	72	121
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	11	6	6	13	7	12	5	8	7	18
+ Accounts Receivable, Net	11	6	7	9	4	10	3	6	5	8
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	4	3	2	1	3	2	10
+ Inventories	3	4	5	3	2	4	6	7	6	6
+ Raw Materials	1	1	1	1	1	1	2	2	3	3
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	1	1	1	1	1	1	1	2	1	1
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	1	2	3	1	1	1	3	3	2	2
+ Other ST Assets	- -	1	2	3	3	3	2	2	3	4
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	16	15	13	10	18	15	17	16	13	11
+ Property, Plant & Equip, Net	15	13	12	10	10	8	9	10	9	9
+ Property, Plant & Equip	43	45	47	48	51	48	51	53	52	53
- Accumulated Depreciation	28	32	35	38	41	40	42	43	44	44
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1	1	- -	- -	8	7	8	7	4	3
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	1	1	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	1	1	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	1	- -	- -	8	7	6	5	4	3
Total Assets	39	43	87	78	63	62	57	57	101	160
+ Payables & Accruals	10	10	24	14	9	11	12	11	11	31
+ Accounts Payable	7	10	20	12	7	8	10	9	10	30
+ Accrued Taxes	- -	- -	3	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	3	- -	1	1	2	2	1	2	1	1
+ ST Debt	- -	- -	5	- -	3	3	19	- -	1	11
+ ST Borrowings	- -	- -	5	- -	3	2	19	- -	- -	10
+ ST Finance Leases	- -	- -	- -	- -	1	1	- -	- -	1	1
+ Other ST Liabilities	1	5	4	5	8	8	9	7	7	6
+ Deferred Revenue	1	1	1	1	1	1	2	2	1	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	4	4	4	8	7	8	5	6	5
Total Current Liabilities	11	15	33	19	21	22	40	18	19	48
+ LT Debt	39	46	43	60	37	53	39	33	37	32
+ LT Borrowings	39	46	43	60	34	52	33	28	32	28
+ LT Finance Leases	- -	- -	- -	- -	3	2	5	5	5	4
+ Other LT Liabilities	8	9	1	6	53	69	98	113	105	115
+ Accrued Liabilities	- -	- -	- -	4	4	7	31	32	20	19
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	8	9	1	1	49	62	66	80	85	95
Total Noncurrent Liabilities	46	54	44	66	90	122	136	146	143	146
Total Liabilities	57	70	77	85	111	144	176	164	162	194
+ Preferred Equity and Hybrid Capital	78	81	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1	- -	71	124	138	175	193	213	303	413
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	1	- -	71	124	138	175	193	213	303	413
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-109	-120	-61	-130	-186	-257	-311	-319	-363	-447
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	-18	-26	10	-6	-48	-82	-119	-106	-60	-34
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	-18	-26	10	-6	-48	-82	-119	-106	-60	-34
Total Liabilities & Equity	39	43	87	78	63	62	57	57	101	160
Shares Outstanding	24	24	25	34	35	41	55	69	91	122
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	4	3	5	6	5	5
Net Debt	29	28	-13	11	5	26	25	4	-39	-84
Net Debt to Equity	-167.51	-106.16	-132.9	-179.88	-10.51	-31.11	-20.98	-3.44	64.86	248.52
Tangible Common Equity Ratio	-246.32	-251.08	11.4	-8.01	-77.41	-132.68	-215.67	-191.96	-59.31	-20.98
Current Ratio	2.16	1.83	2.25	3.68	2.11	2.15	1.01	2.24	4.68	3.14
Cash Conversion Cycle	- -	-32.24	-128.1	-207.1	-152.89	-40.27	-15.72	-15.99	-40.39	-219.14

Cash Flow Statement (USD)

API Chat

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-10	-9	-61	-66	-56	-71	-54	-8	-44	-84
+ Depreciation & Amortization	4	4	3	3	3	3	2	1	1	1
+ Non-Cash Items	4	3	37	14	11	36	10	5	18	19
+ Stock-Based Compensation	- -	- -	30	7	7	7	4	3	7	8
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	3	3	7	7	5	30	6	3	11	11
+ Chg in Non-Cash Work Cap	-6	8	8	-11	-4	-2	32	-5	-10	12
+ (Inc) Dec in Accts Receiv	-7	5	- -	-7	6	-5	7	-3	1	-10
+ (Inc) Dec in Inventories	-2	-1	-1	3	- -	-2	-2	-1	1	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	-1	-1	-8	1	1	1	- -	1
+ Inc (Dec) in Accts Payable	2	4	12	-7	-2	- -	- -	-4	1	23
+ Inc (Dec) in Other	- -	1	-1	2	-1	4	25	1	-13	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-8	6	-13	-60	-45	-33	-10	-6	-36	-52
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	-2	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	-2	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	69	39	6	30	14	9	84	101
+ Increase in Capital Stock	- -	- -	69	39	6	30	14	9	84	101
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-1	-2	-2	-1	-1	-1	-1	-1	- -	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	-2	-2	-1	-1	-1	-3	-1	- -	-1
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	7	5	- -	17	-25	- -	-2	-22	- -	- -
+ Cash From Debt	45	5	- -	70	- -	- -	- -	31	- -	- -
+ Repayments of Debt	-38	- -	- -	-53	-25	- -	-2	-54	- -	- -
+ Other Financing Activities	-1	-1	-11	-7	47	- -	- -	18	- -	2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	6	4	58	50	28	30	12	4	84	103
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-2	8	43	-11	-18	-4	-1	-3	48	50
EBITDA	3	4	-46	-50	-39	-32	-40	-14	-30	-71
EBITDA Margin (%)	5.88	5.51	-67.78	-94.59	-86.04	-62.39	-83.22	-27.2	-52.21	-158.27
Free Cash Flow	-8	6	-13	-60	-45	-33	-11	-6	-36	-52
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	11	-94	-43	-70	-33	-12	-29	-36	-52
Free Cash Flow per Basic Share	-0.33	0.29	-0.63	-2.37	-1.35	-0.87	-0.23	-0.1	-0.41	-0.49
Price/Free Cash Flow	- -	- -	-10.05	-2.45	-3.96	-4.49	-5.28	-19.39	-8.63	-13.17
Cash Flow to Net Income	0.85	-0.65	0.21	0.91	0.81	0.47	0.18	0.81	0.81	0.63
Capital Expenditures	- -	- -	- -	- -	- -	- -	-2	- -	- -	- -