HCW Biologics Inc.

HCWB

HCWBHCW Biologics Inc. US flag

NASDAQ Global Market

1.68

USD

-0.11

- -

3.50MMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	- -	4	- -	7	3	3	- -
+ Sales & Services Revenue	- -	4	- -	7	3	3	- -
- Cost of Revenue	- -	- -	- -	4	2	2	- -
+ Cost of Goods & Services	- -	- -	- -	4	2	2	- -
Gross Profit	- -	- -	- -	3	1	1	- -
+ Other Operating Income	- -	-4	- -	- -	- -	- -	- -
- Operating Expenses	7	10	13	18	26	29	11
+ Selling, General & Admin	2	2	5	8	13	22	6
+ Research & Development	5	7	8	9	8	6	5
+ Other Operating Expense	- -	- -	- -	- -	6	- -	- -
Operating Income (Loss)	-7	-6	-13	-15	-26	-28	-11
- Non-Operating (Income) Loss	- -	- -	-1	- -	-1	2	-3
+ Interest Expense, Net	- -	- -	-1	- -	- -	1	1
+ Interest Expense	- -	- -	- -	- -	- -	1	1
- Interest Income	- -	- -	1	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	-1	1	-5
Pretax Income	-7	-6	-13	-15	-25	-30	-8
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-7	-6	-13	-15	-25	-30	-8
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-7	-6	-13	-15	-25	-30	-8
- Minority Interest	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-7	-6	-13	-15	-25	-30	-8
- Preferred Dividends	- -	1	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-8	-7	-13	-15	-25	-30	-8
EBIT	-7	-6	-13	-15	-26	-28	-11
EBITDA	-7	-5	-13	-14	-25	-26	-10
EBITDA Margin (%)	- -	-128.1	- -	-213.64	-865.02	-1,030.27	-18,836.7
EBITA	-7	-6	-13	-15	-26	-28	-11
Gross Margin (%)	- -	100	- -	38.48	19.72	37.38	20
Operating Margin (%)	- -	-142.07	- -	-224.32	-904.96	-1,076.41	-20,757.65
Profit Margin (%)	- -	-141.53	- -	-221.67	-879.52	-1,169.7	-14,677.14
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	1	1	1	1	1	1
Basic Weighted Avg Shares	1	1	- -	1	1	1	2
Basic EPS, GAAP	-12.74	-9.89	-27.41	-16.64	-27.83	-30.96	-3.79
Basic EPS from Cont Ops	-11.94	-8.11	-27.41	-16.64	-27.83	-30.96	-3.79
Diluted Weighted Avg Shares	1	1	- -	1	1	1	2
Diluted EPS, GAAP	-12.74	-9.89	-27.41	-16.64	-27.83	-30.96	-3.79
Diluted EPS from Cont Ops	-11.94	-8.11	-27.41	-16.64	-27.83	-30.96	-3.79

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	8	12	40	34	6	6	2
+ Cash, Cash Equivalents & STI	7	8	37	32	4	5	2
+ Cash & Cash Equivalents	7	8	12	22	4	5	2
+ ST Investments	- -	- -	25	10	- -	- -	- -
+ Accounts & Notes Receiv	- -	2	- -	- -	2	1	- -
+ Accounts Receivable, Net	- -	2	- -	- -	2	1	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	1	4	2	1	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	2	3	13	13	22	25	22
+ Property, Plant & Equip, Net	2	2	1	11	20	23	21
+ Property, Plant & Equip	3	3	3	13	23	27	25
- Accumulated Depreciation	1	1	2	2	3	4	4
+ LT Investments & Receivables	- -	2	12	2	2	2	1
+ LT Investments	- -	2	12	2	2	2	1
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	- -
Total Assets	10	15	54	47	29	30	25
+ Payables & Accruals	1	1	2	3	9	23	14
+ Accounts Payable	- -	- -	- -	1	6	22	13
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	1	2	2	3	1	1
+ ST Debt	- -	- -	- -	- -	- -	6	7
+ ST Borrowings	- -	- -	- -	- -	- -	6	7
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	1	1	2	3	9	30	21
+ LT Debt	- -	- -	- -	6	6	7	- -
+ LT Borrowings	- -	- -	- -	6	6	7	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	- -	- -	- -	- -	- -	- -	1
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	1
Total Noncurrent Liabilities	- -	- -	- -	6	6	7	1
Total Liabilities	1	1	2	9	15	37	22
+ Preferred Equity and Hybrid Capital	19	31	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	82	83	84	94	111
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	82	83	84	94	111
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-10	-17	-31	-46	-71	-101	-109
+ Other Equity	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	9	14	51	37	13	-7	3
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
Total Equity	9	14	51	37	13	-7	3
Total Liabilities & Equity	10	15	54	47	29	30	25
Shares Outstanding	1	1	1	1	1	1	3
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -
Net Debt	-7	-8	-12	-16	3	9	5
Net Debt to Equity	-81.73	-58.73	-22.91	-42.52	20.13	-133.2	175.67
Tangible Common Equity Ratio	-96.13	-108.57	95.66	79.96	47.21	-22.39	11.28
Current Ratio	7.53	12.14	17.44	11.52	0.73	0.19	0.11
Cash Conversion Cycle	- -	- -	- -	-49.03	-465.97	-3,085.19	-147,158.24

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-7	-6	-13	-15	-25	-30	-8
+ Depreciation & Amortization	- -	1	1	1	1	1	1
+ Non-Cash Items	- -	- -	- -	1	6	1	-4
+ Stock-Based Compensation	- -	- -	- -	1	1	1	1
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	2
+ Other Non-Cash Adj	- -	- -	- -	- -	5	- -	-6
+ Chg in Non-Cash Work Cap	- -	-5	1	2	-5	14	-3
+ (Inc) Dec in Accts Receiv	- -	-2	2	- -	-1	1	1
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-1	-2	-3	2	-5	1	- -
+ Inc (Dec) in Accts Payable	1	-1	2	- -	2	12	-3
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-7	-10	-11	-10	-23	-14	-13
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	- -	- -	-10	-6	- -	- -
+ Acq of Fixed Prod Assets	-1	- -	- -	-10	-6	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	56	- -	- -	6	8
+ Increase in Capital Stock	- -	- -	56	- -	- -	6	8
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	-35	25	10	- -	- -
+ Dec in LT Investment	- -	- -	- -	25	10	- -	- -
+ Inc in LT Investment	- -	- -	-35	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1	- -	-35	15	4	- -	- -
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	1	- -	6	- -	7	- -
+ Cash From Debt	- -	1	- -	6	- -	7	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	13	11	-7	- -	- -	2	3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	13	12	49	6	- -	16	11
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	5	1	3	11	-19	1	-3
EBITDA	-7	-5	-13	-14	-25	-26	-10
EBITDA Margin (%)	- -	-128.1	- -	-213.64	-865.02	-1,030.27	-18,836.7
Free Cash Flow	-8	-11	-11	-21	-29	-14	-13
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	1	-42	-14	-29	-8	-13
Free Cash Flow per Basic Share	-13.47	-14.85	-23.49	-23.07	-31.97	-14.94	-6.38
Price/Free Cash Flow	- -	- -	-3.98	-618.03	-2.71	-1.24	-0.15
Cash Flow to Net Income	0.93	1.8	0.85	0.7	0.9	0.47	1.68
Capital Expenditures	-1	- -	- -	-10	-6	- -	- -