Palatin Technologies, Inc. Financial Statements — PTN Stock

Income Statement	2010 Y	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
Sales/Revenue/Turnover	14	1	- -	- -	- -	13	- -	45	67	60	- -	- -	1	5	4
+ Sales & Services Revenue	14	1	- -	- -	- -	13	- -	45	67	60	- -	- -	1	5	4
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	14	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	4	4
+ Other Operating Income	- -	- -	- -	- -	- -	-13	- -	-45	-67	-60	- -	- -	- -	- -	- -
- Operating Expenses	17	15	19	16	16	30	49	55	41	25	24	30	38	37	35
+ Selling, General & Admin	5	5	5	5	5	6	6	10	9	10	10	17	17	15	12
+ Research & Development	12	10	14	11	11	25	43	46	33	15	14	13	21	23	22
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -
Operating Income (Loss)	-3	-14	-19	-16	-16	-17	-49	-11	26	36	-24	-31	-37	-32	-30
- Non-Operating (Income) Loss	- -	- -	- -	7	- -	1	2	2	1	- -	-1	3	- -	-4	-1
+ Interest Expense, Net	- -	- -	- -	- -	- -	1	3	2	1	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	1	3	2	1	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	7	- -	- -	- -	- -	- -	- -	-1	3	- -	-4	-1
Pretax Income	-3	-13	-18	-23	-16	-18	-52	-13	25	36	-22	-34	-36	-29	-30
- Income Tax Expense (Benefit)	-1	-1	-1	-2	-2	-1	- -	- -	- -	- -	- -	- -	- -	-5	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-2	-13	-17	-21	-14	-18	-52	-13	25	36	-22	-34	-36	-24	-30
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-2	-13	-17	-21	-14	-18	-52	-13	25	36	-22	-34	-36	-24	-30
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-2	-13	-17	-21	-14	-18	-52	-13	25	36	-22	-34	-36	-24	-30
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-2	-13	-17	-21	-14	-18	-52	-13	25	36	-22	-34	-36	-24	-30
Basic Weighted Avg Shares	- -	1	1	4	4	5	6	7	8	8	9	9	10	11	15
Basic EPS, GAAP	-4.54	-15.95	-12.36	-5.34	-3.26	-3.65	-8.26	-1.81	3.12	4.31	-2.39	-3.55	-3.79	-2.21	-2.02
Basic EPS from Cont Ops	-4.54	-15.95	-12.36	-5.34	-3.26	-3.65	-8.26	-1.81	3.12	4.31	-2.39	-3.55	-3.79	-2.21	-2.02
Diluted Weighted Avg Shares	- -	1	1	4	4	5	6	7	8	9	9	9	10	11	15
Diluted EPS, GAAP	-4.54	-15.95	-12.36	-5.34	-3.26	-3.65	-8.26	-1.81	2.98	4.12	-2.39	-3.55	-3.79	-2.21	-2.02
Diluted EPS from Cont Ops	-4.54	-15.95	-12.36	-5.34	-3.26	-3.65	-8.26	-1.81	2.98	4.12	-2.39	-3.55	-3.79	-2.21	-2.02
EBITDA	-2	-13	-18	-15	-16	-17	-49	-11	26	36	-24	-31	-36	-32	-30
EBITDA Margin (%)	-12.31	-848.23	-24,188.78	-149,341.92	- -	-132.56	- -	-23.56	38.7	59.37	-19,953.2	16,197.92	-2,483	-662.81	-666.78
EBITA	-3	-14	-19	-16	-16	-17	-49	-11	26	36	-24	-31	-37	-32	-30
EBIT	-3	-14	-19	-16	-16	-17	-49	-11	26	36	-24	-31	-37	-32	-30
Gross Margin (%)	100	100	100	100	- -	100	- -	100	100	100	100	178.39	85.19	91.38	97.83
Operating Margin (%)	-21.26	-925.37	-25,476.54	-150,421.39	- -	-133.47	- -	-23.63	38.62	59.28	-20,007.61	16,225.02	-2,491.63	-668.75	-674.33
Profit Margin (%)	-12.64	-868.61	-23,398.58	-201,352.9	- -	-136.4	- -	-29.81	36.8	59.32	-19,006.88	17,813.91	-2,465.06	-495.23	-662.26
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Balance Sheet	2010 Y	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
Total Current Assets	9	19	5	25	12	29	11	57	39	104	84	66	35	16	10
+ Cash, Cash Equivalents & STI	9	19	4	24	12	27	9	40	38	44	83	60	30	11	10
+ Cash & Cash Equivalents	5	19	4	19	12	27	8	40	38	44	83	60	30	8	10
+ ST Investments	3	- -	- -	5	- -	- -	1	- -	- -	- -	- -	- -	- -	3	- -
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	- -	15	- -	60	- -	2	2	3	- -
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	15	- -	60	- -	2	2	3	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	1	- -	- -	2	1	1	1	1	1	3	2	2	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3	2	1	- -	- -	- -	- -	- -	1	- -	1	1	1	2	1
+ Property, Plant & Equip, Net	2	1	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	2	1
+ Property, Plant & Equip	13	13	9	2	2	2	2	2	3	3	4	4	4	4	4
- Accumulated Depreciation	11	11	8	2	2	2	2	2	2	2	2	3	3	3	3
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Assets	12	21	5	25	13	29	11	57	39	105	85	67	36	18	11
+ Payables & Accruals	2	2	3	2	2	7	8	12	4	3	4	6	8	9	7
+ Accounts Payable	- -	- -	- -	- -	- -	1	1	2	2	1	1	1	3	4	4
+ Accrued Taxes

Palatin Technologies, Inc.

Income Statement

Balance Sheet