Liquidia Corporation

LQDA

LQDALiquidia Corporation US flag

NASDAQ Capital Market

55.69

USD

+0.58

- -

4.95BMarket 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	13	7	3	8	1	13	16	17	14	158
+ Sales & Services Revenue	13	7	3	8	1	13	16	17	14	158
- Cost of Revenue	1	- -	- -	1	- -	3	3	3	6	13
+ Cost of Goods & Services	1	- -	- -	1	- -	3	3	3	6	13
Gross Profit	12	7	3	7	1	10	13	15	8	145
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	28	35	37	54	60	44	52	88	129	196
+ Selling, General & Admin	5	10	9	14	27	23	32	45	82	157
+ Research & Development	23	25	29	40	32	21	19	43	48	39
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-16	-28	-35	-47	-59	-34	-39	-73	-121	-51
- Non-Operating (Income) Loss	- -	1	18	1	1	1	2	5	7	18
+ Interest Expense, Net	- -	13	19	1	1	1	1	3	7	18
+ Interest Expense	- -	13	19	1	1	1	2	6	15	24
- Interest Income	- -	- -	- -	1	- -	- -	1	3	8	7
+ Other Non-Op (Income) Loss	- -	-12	- -	- -	- -	- -	1	2	- -	- -
Pretax Income	-16	-29	-53	-48	-60	-35	-41	-79	-128	-69
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-16	-29	-53	-48	-60	-35	-41	-79	-128	-69
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-16	-29	-53	-48	-60	-35	-41	-79	-128	-69
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-16	-29	-53	-48	-60	-35	-41	-79	-128	-69
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-16	-29	-53	-48	-60	-35	-41	-79	-128	-69
EBIT	-16	-28	-35	-47	-59	-34	-39	-73	-121	-51
EBITDA	-15	-27	-33	-44	-56	-28	-35	-71	-119	-50
EBITDA Margin (%)	-115.09	-373.32	-1,231.05	-548.26	-7,565.9	-219.29	-220.41	-407.17	-850.94	-31.49
EBITA	-16	-28	-35	-47	-59	-34	-39	-73	-121	-51
Gross Margin (%)	93.05	95.59	95.52	90	67.86	76.48	82.06	83.49	58	91.64
Operating Margin (%)	-120.02	-386.16	-1,288.08	-580.07	-7,989.03	-262.95	-243.3	-419.62	-866.63	-32.45
Profit Margin (%)	-120.56	-401.68	-1,962.92	-589.48	-8,080.11	-269.03	-257.39	-448.89	-916.63	-43.53
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	1	1	2	3	3	6	4	2	2	2
Basic Weighted Avg Shares	5	9	7	18	34	50	61	65	79	- -
Basic EPS, GAAP	-3.13	-3.4	-7.42	-2.57	-1.76	-0.7	-0.67	-1.21	-1.63	- -
Basic EPS from Cont Ops	-3.13	-3.4	-7.42	-2.57	-1.76	-0.7	-0.67	-1.21	-1.63	- -
Diluted Weighted Avg Shares	5	9	7	18	34	50	61	65	79	- -
Diluted EPS, GAAP	-3.13	-3.4	-7.42	-2.57	-1.76	-0.7	-0.67	-1.21	-1.63	- -
Diluted EPS from Cont Ops	-3.13	-3.4	-7.42	-2.57	-1.76	-0.7	-0.67	-1.21	-1.63	- -

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	3	5	40	56	66	61	100	90	185	273
+ Cash, Cash Equivalents & STI	1	3	40	56	65	57	93	84	176	191
+ Cash & Cash Equivalents	1	3	40	56	65	57	93	84	176	191
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1	2	- -	- -	- -	3	5	4	3	54
+ Accounts Receivable, Net	1	2	- -	- -	- -	3	5	4	3	54
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	24
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	24
+ Other ST Assets	- -	- -	- -	1	1	1	2	2	6	5
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	5	9	9	12	33	32	29	28	45	55
+ Property, Plant & Equip, Net	4	8	8	12	9	7	6	6	12	16
+ Property, Plant & Equip	11	16	17	23	22	21	20	21	28	30
- Accumulated Depreciation	7	8	9	11	13	14	14	15	16	14
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1	1	1	- -	24	25	23	22	33	39
+ Total Intangible Assets	- -	- -	- -	- -	9	8	8	7	7	7
+ Goodwill	- -	- -	- -	- -	4	4	4	4	4	4
+ Other Intangible Assets	- -	- -	- -	- -	6	4	4	3	3	3
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	1	1	- -	15	17	16	15	26	32
Total Assets	8	15	49	69	100	94	129	118	230	328
+ Payables & Accruals	3	9	5	6	5	3	5	6	13	57
+ Accounts Payable	2	4	3	3	4	1	2	1	5	4
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	4	1	3	1	2	3	5	8	53
+ ST Debt	3	16	1	7	2	1	1	4	18	59
+ ST Borrowings	3	16	- -	6	- -	- -	- -	3	18	58
+ ST Finance Leases	- -	- -	- -	2	2	1	1	1	- -	- -
+ Other ST Liabilities	6	6	3	3	5	3	3	9	10	20
+ Deferred Revenue	3	4	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	2	2	3	3	5	3	3	9	10	20
Total Current Liabilities	12	31	8	17	12	7	9	19	42	136
+ LT Debt	5	6	12	17	16	15	23	46	102	139
+ LT Borrowings	5	6	12	10	10	10	20	43	95	133
+ LT Finance Leases	- -	1	- -	7	5	5	4	2	7	6
+ Other LT Liabilities	9	12	10	- -	1	6	7	7	7	8
+ Accrued Liabilities	9	9	10	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	2	- -	- -	1	6	7	7	7	8
Total Noncurrent Liabilities	15	18	22	17	17	21	30	52	109	147
Total Liabilities	27	49	31	34	28	28	39	71	151	283
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	66	80	186	250	346	375	441	476	637	671
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	66	80	186	250	346	375	441	476	637	671
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-84	-113	-167	-215	-275	-310	-351	-429	-557	-626
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	-18	-34	19	35	71	65	90	47	79	45
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	-18	-34	19	35	71	65	90	47	79	45
Total Liabilities & Equity	8	15	49	69	100	94	129	118	230	328
Shares Outstanding	15	15	16	28	43	52	65	69	85	87
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	1	1	1	9	7	6	5	4	7	7
Net Debt	7	18	-28	-40	-55	-47	-73	-38	-63	1
Net Debt to Equity	-36.58	-52.67	-147.64	-114.22	-77.41	-72.14	-81.18	-79.6	-79.61	1.48
Tangible Common Equity Ratio	-215.5	-227.27	37.82	50.76	68.43	66.68	68.1	36	32.39	11.8
Current Ratio	0.26	0.18	4.85	3.34	5.63	8.36	11.34	4.85	4.43	2.01
Cash Conversion Cycle	- -	-3,829.73	-11,389.7	-1,516.34	-5,552.47	-247.58	-116.84	-132.32	-85.57	355.36

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	-16	-29	-53	-48	-60	-35	-41	-79	-128	-69
+ Depreciation & Amortization	1	1	2	3	3	6	4	2	2	2
+ Non-Cash Items	1	4	19	4	4	7	11	29	37	56
+ Stock-Based Compensation	- -	1	2	3	4	7	9	10	19	29
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	3	17	- -	- -	1	2	19	19	26
+ Chg in Non-Cash Work Cap	1	- -	- -	-7	-2	-12	-2	6	-5	-24
+ (Inc) Dec in Accts Receiv	3	- -	1	- -	- -	-3	-2	1	1	-51
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	-23
+ (Inc) Dec in Prepaid Assets	2	- -	- -	- -	- -	- -	-1	-1	-2	1
+ Inc (Dec) in Accts Payable	2	4	-2	- -	- -	-7	1	7	8	52
+ Inc (Dec) in Other	-5	-3	1	-7	-1	-2	-1	-1	-12	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-14	-24	-32	-48	-54	-34	-29	-42	-93	-36
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-3	-3	-1	-2	-1	- -	-1	-11	-8	-6
+ Acq of Fixed Prod Assets	-3	-3	-1	-2	-1	- -	-1	-1	-5	-4
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	-10	-4	-2
+ Cash (Repurchase) of Equity	- -	- -	47	63	71	22	54	24	139	- -
+ Increase in Capital Stock	- -	- -	47	63	71	22	54	24	139	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	1	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	1	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-3	-3	-1	-2	- -	- -	-1	-11	-8	-6
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	6	30	-1	4	-7	- -	9	18	52	54
+ Cash From Debt	6	31	12	5	- -	10	20	42	57	75
+ Repayments of Debt	- -	-1	-13	-1	-7	-11	-11	-24	-5	-21
+ Other Financing Activities	- -	-1	23	-1	-1	5	2	1	4	6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	6	29	69	66	63	26	65	43	195	60
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-11	2	36	16	10	-8	36	-10	93	18
EBITDA	-15	-27	-33	-44	-56	-28	-35	-71	-119	-50
EBITDA Margin (%)	-115.09	-373.32	-1,231.05	-548.26	-7,565.9	-219.29	-220.41	-407.17	-850.94	-31.49
Free Cash Flow	-17	-27	-33	-50	-55	-34	-29	-53	-102	-42
Net Cash Paid for Acquisitions	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	3	-34	-46	-62	-35	-20	-25	-46	14
Free Cash Flow per Basic Share	-3.31	-3.13	-4.57	-2.71	-1.62	-0.69	-0.48	-0.81	-1.29	- -
Price/Free Cash Flow	- -	- -	-5.01	-1.7	-1.87	-7.13	-13.87	-25.83	-10.89	- -
Cash Flow to Net Income	0.88	0.83	0.6	1.01	0.91	0.98	0.7	0.53	0.73	0.52
Capital Expenditures	-3	-3	-1	-2	-1	- -	-1	-11	-8	-6