Northwest Biotherapeutics, Inc. Financial Ratios — NWBO

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	-12,976.28	-1,730.15	-499.27	-360.54	-180.34	-129.69	-143.68	-97.3	-117.88	-2,433.61	490.36	-293.87	-211.53	-306.92	-111.39
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-14.71	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income to Common Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	6.58	1.7	33.17	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	15	4	1	22	22	32	31	17	18	20	38	26	46	67	65
ST Debt	14	2	1	6	12	29	23	15	7	6	8	16	21	35	43
LT Debt	2	2	- -	15	10	3	9	2	12	13	30	10	25	33	22
Total Debt/EBITDA	-0.57	-0.09	-0.02	-0.21	-0.17	-0.4	-0.58	-0.39	-0.64	-0.23	-0.73	-0.4	-0.85	-1.05	-1.13
Net Debt/EBITDA	-0.57	0.08	0.31	-0.08	- -	-0.32	-0.58	0.12	-0.44	-0.06	-0.33	-0.22	-0.72	-0.94	-0.99
Total Debt/EBIT	-0.57	-0.09	-0.02	-0.21	-0.17	-0.4	-0.57	-0.38	-0.64	-0.23	-0.72	-0.39	-0.82	-1.01	-1.08
Net Debt/EBIT	-0.57	0.08	0.31	-0.08	- -	-0.32	-0.57	0.12	-0.44	-0.06	-0.33	-0.22	-0.7	-0.91	-0.95
EBITDA to Interest Expense	-3.5	-3.26	-65.87	-101.54	-30.39	-20.71	-9.78	-4.4	-9.51	-10.09	-10.4	-10.82	-10.26	-8.3	-6.62
EBITDA-CapEx/Interest Expense	-3.51	-3.26	-65.87	-135.4	-32.02	-22.01	-9.78	-4.42	-9.63	-10.86	-11.6	-11.3	-10.92	-8.43	-6.79
EBIT to Interest Expense	-3.5	-3.26	-65.88	-101.55	-30.41	-20.76	-9.86	-4.53	-9.4	-10.14	-10.52	-11.07	-10.59	-8.56	-6.89
Interest Expense	8	13	1	1	4	4	6	10	3	9	5	6	5	8	9
Common Equity/Total Assets	-118,692.45	-4,214.97	-2,048.77	-921.87	-897.17	-1,352.06	-1,611.81	-3,340.05	-7,899.85	-4,165.43	-2,965.99	-4,137.71	-4,875.46	-5,395.73	-1,847.82
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	-0.69	-0.6	- -	-3.06	-1.64	-0.44	-1.16	-0.25	-1.4	-0.99	-2.63	-0.82	-1.89	-2.38	-1.55
Long-Term Debt/Total Assets (%)	770.28	24.86	- -	27.02	14.25	5.67	17.41	8.05	108.07	40.8	75.65	33.08	88.88	122.47	27.42
Total Debt/Equity (%)	-29.25	-24.09	-12.45	-61.93	-467.94	-119.67	-66.46	-35.62	-40.02	-5.47	-30.6	-20.49	-69.27	-71.37	-107.54
Total Debt/Capital (%)	-6.46	-1.23	-0.32	-4.35	-3.57	-4.64	-4.27	-2.08	-2.19	-1.47	-3.29	-2.07	-3.47	-4.91	-4.51
Total Debt/Total Assets (%)	7,197.17	51.15	6.51	38.42	30.91	59.94	64.26	68.1	169.43	60.36	94.47	83.81	163.5	252.32	79.75
Net Debt to Equity	-29.2	21.61	175.97	-23.7	-1.45	-96.32	-66.21	11.51	-27.41	-1.32	-13.89	-11.37	-58.79	-64.03	-94.56
Net Debt/Capital (%)	-6.44	1.08	4.3	-1.62	-0.01	-3.7	-4.25	0.65	-1.5	-0.35	-1.47	-1.14	-2.94	-4.39	-3.96
EBITDA	-27	-44	-55	-101	-126	-79	-54	-43	-28	-86	-52	-66	-54	-64	-58
EBITDA-CapEx	-27	-44	-55	-135	-133	-84	-54	-44	-29	-93	-58	-69	-57	-65	-59
Operating Income (Loss)	-27	-44	-55	-101	-126	-79	-55	-45	-28	-87	-53	-67	-56	-67	-60

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	0.68	0.94	0.18	0.34	0.08	- -	0.32	0.01	0.03	0.11	0.06	0.05	0.03	0.03
Current Ratio	- -	0.69	0.95	0.2	0.37	0.1	0.02	0.34	0.07	0.04	0.13	0.07	0.09	0.06	0.06
Quick Ratio	- -	0.68	0.94	0.18	0.34	0.08	- -	0.32	0.01	0.03	0.11	0.06	0.05	0.03	0.04
CFO/Avg Current Liab	-0.38	-0.74	-2.48	-1.15	-1.14	-0.79	-0.44	-0.44	-0.56	-0.15	-0.15	-0.41	-0.63	-1	-0.56
Common Equity/Total Assets	-118,692.45	-4,214.97	-2,048.77	-921.87	-897.17	-1,352.06	-1,611.81	-3,340.05	-7,899.85	-4,165.43	-2,965.99	-4,137.71	-4,875.46	-5,395.73	-1,847.82
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	-0.69	-0.6	- -	-3.06	-1.64	-0.44	-1.16	-0.25	-1.4	-0.99	-2.63	-0.82	-1.89	-2.38	-1.55
Long-Term Debt/Total Assets (%)	770.28	24.86	- -	27.02	14.25	5.67	17.41	8.05	108.07	40.8	75.65	33.08	88.88	122.47	27.42
Total Debt/Equity (%)	-29.25	-24.09	-12.45	-61.93	-467.94	-119.67	-66.46	-35.62	-40.02	-5.47	-30.6	-20.49	-69.27	-71.37	-107.54
Total Debt/Capital (%)	-6.46	-1.23	-0.32	-4.35	-3.57	-4.64	-4.27	-2.08	-2.19	-1.47	-3.29	-2.07	-3.47	-4.91	-4.51
Total Debt/Total Assets (%)	7,197.17	51.15	6.51	38.42	30.91	59.94	64.26	68.1	169.43	60.36	94.47	83.81	163.5	252.32	79.75
CFO/Total Liabilities	-28.07	-96.24	-132.16	-59.66	-105.62	-70.09	-37.94	-48.15	-57.2	-8.11	-23.33	-33.1	-57.28	-47.04	-31.62
CFO/CapEx	-300.14	-734	- -	-1.62	-11.81	-11.27	-4,561.88	-179.2	-88.5	-4.86	-6.37	-18.19	-15.61	-56.23	-29.76
Altman's Z-Score	-2,365.87	-77.71	-35.9	-18.02	-17.16	-25.14	-28.02	-54.25	-122.7	-83.72	-49.61	-71.05	-77.27	-91.75	-86.17

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	34	37	124	317	249	39	58	92	118	1,109	611	797	789	335	331
- Cash & Cash Equivalents	- -	7	18	13	22	6	- -	22	- -	10	15	7	2	2	3
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	20	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	15	4	1	22	22	32	31	17	18	20	38	26	46	67	65
Enterprise Value	49	33	107	325	249	64	110	87	136	1,119	634	816	833	401	393
Total Capital	-236	-315	-384	-499	-613	-684	-737	-807	-823	-1,351	-1,153	-1,270	-1,313	-1,375	-1,437
Total Debt/Capital (%)	-6.46	-1.23	-0.32	-4.35	-3.57	-4.64	-4.27	-2.08	-2.19	-1.47	-3.29	-2.07	-3.47	-4.91	-4.51
Total Debt / EV	0.31	0.12	0.01	0.07	0.09	0.49	0.29	0.19	0.13	0.02	0.06	0.03	0.05	0.17	0.16
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	34	37	124	317	249	39	58	92	118	1,109	706	797	789	335	331
Diluted Enterprise Value	49	33	107	325	249	64	110	87	136	1,119	728	816	833	401	393
EV per Share	8.35	2.82	3.24	5.49	3.2	0.58	0.45	0.2	0.24	1.54	0.73	0.8	0.74	0.32	0.27
TTM Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM EBITDA	-27	-44	-55	-101	-126	-79	-54	-43	-28	-86	-52	-66	-54	-64	-58
TTM Operating Income	-27	-44	-55	-101	-126	-79	-55	-45	-28	-87	-53	-67	-56	-67	-60
TTM Cash Flow to Firm	-7	-9	-37	-54	-76	-52	-31	-25	-29	-24	-33	-47	-48	-49	-36
TTM Free Cash Flow to Firm	-7	-9	-37	-20	-69	-47	-31	-25	-29	-17	-27	-44	-45	-48	-35

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	-2.31	-1.61	-3.28	-15.2	-3.41	-0.77	-1.6	-2.69	-3.76	-43.54	-21.85	-15.98	-15.73	-5.99	-7.66
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	49	33	107	325	249	64	110	87	136	1,119	634	816	833	401	393
Low Price	4.96	2.56	3	3.79	3.08	0.32	0.14	0.17	0.18	0.14	0.59	0.39	0.4	0.24	0.17
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.41	- -	- -	- -	- -
Price/Earnings Average	-1.55	-0.88	-1.79	-2.57	-5.02	-1.28	-0.78	-2.04	-6.92	-0.77	6.41	-7.65	-11.83	-6.21	-6.17
Price/Earnings High	-2.55	-3.49	-3.44	-4.65	-8.5	-4.11	-1.6	-3.29	-9.49	-3.44	10.48	-19.83	-19.49	-10.82	-11.59
Price/Earnings Low	-0.89	-0.45	-1.5	-1.66	-2.09	-0.41	-0.46	-1.4	-4.88	-0.19	2.88	-3.74	-7.15	-3.59	-4.08
Price/Book Value	-0.13	-0.11	-0.32	-0.61	-0.39	-0.05	-0.07	-0.11	-0.14	-0.81	-0.51	-0.61	-0.58	-0.23	-0.22
Price/Book Value Average	-0.2	-0.19	-0.31	-0.67	-0.91	-0.15	-0.07	-0.13	-0.17	-0.3	-0.96	-0.62	-0.55	-0.36	-0.25
Price/Book Value High	-0.33	-0.74	-0.59	-1.21	-1.54	-0.49	-0.15	-0.21	-0.23	-1.33	-1.58	-1.61	-0.9	-0.63	-0.46
Price/Book Value Low	-0.12	-0.09	-0.26	-0.43	-0.38	-0.05	-0.04	-0.09	-0.12	-0.07	-0.43	-0.3	-0.33	-0.21	-0.16
Price/Tangible Book Value	-0.65	-2.28	-12.62	-9.05	-53.18	-1.47	-0.87	-1.96	-2.63	-3.04	-4.86	-6.13	-11.66	-3.48	-2.9
Price/Tangible Book Value Average	-0.98	-3.69	-12.03	-9.96	-123.21	-4.13	-0.87	-2.32	-3.2	-1.12	-9.12	-6.18	-10.94	-5.39	-3.26
Price/Tangible Book Value High	-1.61	-14.63	-23.06	-18	-208.58	-13.33	-1.77	-3.73	-4.38	-4.99	-14.92	-16.02	-18.02	-9.41	-6.11
Price/Tangible Book Value Low	-0.56	-1.87	-10.04	-6.41	-51.19	-1.34	-0.5	-1.59	-2.25	-0.28	-4.09	-3.02	-6.62	-3.12	-2.15
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	-2.31	-1.61	-3.28	-5.81	-3.12	-0.7	-1.6	-2.67	-3.72	-34.57	-15.97	-15.1	-14.72	-5.88	-7.4
Price/Cash Flow Average	-3.47	-2.61	-3.12	-6.39	-7.23	-1.97	-1.6	-3.16	-4.52	-12.77	-29.97	-15.23	-13.81	-9.12	-8.3
Price/Cash Flow High	-5.7	-10.34	-5.99	-11.55	-12.24	-6.35	-3.26	-5.09	-6.2	-56.71	-49.04	-39.46	-22.74	-15.9	-15.58
Price/Cash Flow Low	-1.99	-1.32	-2.61	-4.11	-3	-0.64	-0.93	-2.16	-3.19	-3.16	-13.46	-7.43	-8.35	-5.27	-5.48
Price/Free Cash Flow Average	-3.48	-2.61	-3.12	-16.73	-7.9	-2.16	-1.6	-3.18	-4.57	-16.09	-41.03	-16.11	-14.75	-9.28	-8.59
Price/Free Cash Flow High	-5.72	-10.35	-5.99	-30.24	-13.37	-6.97	-3.26	-5.12	-6.27	-71.42	-67.12	-41.76	-24.3	-16.19	-16.12
Price/Free Cash Flow Low	-1.99	-1.32	-2.61	-10.77	-3.28	-0.7	-0.93	-2.17	-3.22	-3.98	-18.42	-7.87	-8.92	-5.37	-5.67
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	-2.47	-1.28	-1.82	-3.53	-4.56	-1.71	-2.02	-2.39	-5.72	-4.87	-22.46	-12.53	-14.58	-9.08	-7.52
EV/EBITDA High	-3.7	-5.29	-3.77	-6.32	-7.73	-4.79	-3.14	-3.92	-7.61	-21.23	-36.47	-32	-23.49	-15.08	-13.19
EV/EBITDA Low	-1.66	-0.61	-1.47	-2.3	-1.9	-0.77	-1.57	-1.6	-4.22	-1.29	-10.33	-6.27	-9.13	-5.68	-5.33
EV/EBIT Average	-2.47	-1.28	-1.82	-3.53	-4.56	-1.7	-2.01	-2.32	-5.78	-4.85	-22.21	-12.25	-14.13	-8.8	-7.23
EV/EBIT High	-3.7	-5.29	-3.77	-6.31	-7.72	-4.78	-3.12	-3.81	-7.69	-21.13	-36.07	-31.29	-22.76	-14.62	-12.67
EV/EBIT Low	-1.66	-0.61	-1.47	-2.3	-1.9	-0.77	-1.56	-1.55	-4.26	-1.29	-10.21	-6.13	-8.85	-5.5	-5.13
Last Price	5.76	3.12	3.77	5.35	3.2	0.35	0.24	0.21	0.21	1.53	0.7	0.78	0.71	0.27	0.23
High Price	14.24	20	6.89	10.64	12.55	3.18	0.49	0.4	0.35	2.51	2.15	2.05	1.09	0.73	0.48
Enterprise Value Average	66	56	101	357	576	135	110	104	162	420	1,171	823	784	585	433
Enterprise Value High	99	232	209	639	975	379	170	171	215	1,830	1,901	2,102	1,263	972	759
Enterprise Value Low	44	27	81	233	239	61	85	69	119	111	538	412	491	366	307

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	9	27	46	69	96	157	329	523	614	830	948	1,068	1,175	1,329	1,555
Diluted Weighted Avg Shares	6	12	33	59	78	111	243	440	564	725	1,008	1,016	1,119	1,242	1,457
Basic Weighted Avg Shares	6	12	33	59	78	111	243	440	564	725	874	1,016	1,119	1,242	1,457
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	-4.55	-3.73	-1.69	-1.71	-1.62	-0.71	-0.22	-0.1	-0.05	-0.12	-0.06	-0.06	-0.05	-0.05	-0.04
Operating Income per Share	-4.55	-3.73	-1.69	-1.71	-1.63	-0.71	-0.23	-0.1	-0.05	-0.12	-0.06	-0.07	-0.05	-0.05	-0.04
Basic EPS, GAAP	-5.58	-5.72	-2	-2.29	-1.48	-0.77	-0.31	-0.12	-0.04	-0.73	0.21	-0.1	-0.06	-0.07	-0.04
Basic EPS from Cont Ops	-5.58	-5.72	-2	-2.29	-1.48	-0.72	-0.3	-0.08	-0.04	-0.73	0.21	-0.1	-0.06	-0.07	-0.04
Diluted EPS, GAAP	-5.58	-5.72	-2	-2.29	-1.48	-0.77	-0.31	-0.12	-0.04	-0.73	0.18	-0.1	-0.06	-0.07	-0.04
Diluted EPS from Cont Ops	-5.58	-5.72	-2	-2.29	-1.48	-0.72	-0.3	-0.08	-0.04	-0.73	0.18	-0.1	-0.06	-0.07	-0.04
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-2.5	-1.94	-1.15	-0.92	-1.03	-0.5	-0.15	-0.08	-0.06	-0.04	-0.04	-0.05	-0.05	-0.05	-0.03
Free Cash Flow per Basic Share	-2.51	-1.94	-1.15	-1.49	-1.11	-0.55	-0.15	-0.08	-0.06	-0.05	-0.05	-0.05	-0.05	-0.05	-0.03
Cash & Equivalents per Share	- -	0.62	0.56	0.23	0.28	0.06	- -	0.05	- -	0.01	0.02	0.01	- -	- -	- -
Book Value per Share	-42.74	-27.13	-11.71	-8.78	-8.17	-6.44	-3.25	-1.87	-1.49	-1.89	-1.36	-1.28	-1.21	-1.16	-1.03
Tangible Book Value per Share	-8.86	-1.37	-0.3	-0.59	-0.06	-0.24	-0.28	-0.11	-0.08	-0.5	-0.14	-0.13	-0.06	-0.08	-0.08

Northwest Biotherapeutics, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)