Eton Pharmaceuticals (ETON) Financials

$14.08 -0.11 (-0.78%)

As of 04:00 PM Eastern

Annual Income Statements for Eton Pharmaceuticals

This table shows Eton Pharmaceuticals' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-9.02	-0.94	-3.82
Consolidated Net Income / (Loss)	-9.02	-0.94	-3.82
Net Income / (Loss) Continuing Operations	-9.02	-0.94	-3.82
Total Pre-Tax Income	-9.02	-0.69	-3.81
Total Operating Income	-8.26	-1.19	-2.60
Total Gross Profit	14	21	23
Total Revenue	21	32	39
Operating Revenue	21	32	39
Total Cost of Revenue	6.93	11	16
Operating Cost of Revenue	6.93	11	16
Total Operating Expenses	23	22	26
Selling, General & Admin Expense	19	19	23
Research & Development Expense	4.00	3.32	3.26
Total Other Income / (Expense), net	-0.76	0.50	-1.21
Other Income / (Expense), net	-0.76	0.50	-1.21
Income Tax Expense	0.00	0.25	0.02
Basic Earnings per Share	($0.36)	($0.04)	($0.15)
Weighted Average Basic Shares Outstanding	25.15M	25.65M	25.90M
Weighted Average Diluted Shares Outstanding	25.46M	25.69M	26.82M
Weighted Average Basic & Diluted Shares Outstanding	25.46M	25.69M	26.82M

This table shows Eton Pharmaceuticals' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-3.05	0.91	-2.66	4.56	-0.58	-2.26	-0.81	-3.04	0.63	-0.60
Consolidated Net Income / (Loss)	-3.05	0.91	-2.66	4.56	-0.58	-2.26	-0.81	-3.04	0.63	-0.60
Net Income / (Loss) Continuing Operations	-3.05	0.91	-2.66	4.56	-0.58	-2.26	-0.81	-3.04	0.63	-0.60
Total Pre-Tax Income	-3.05	0.91	-2.66	4.56	-0.58	-2.01	-0.81	-2.99	0.50	-0.51
Total Operating Income	-2.90	1.06	-2.53	3.88	-0.55	-1.99	-0.80	-2.94	0.51	0.63
Total Gross Profit	2.02	6.36	3.35	9.68	4.40	3.63	5.01	5.63	6.30	6.48
Total Revenue	3.22	8.50	5.30	12	7.03	7.31	7.97	9.07	10	12
Operating Revenue	3.22	8.50	5.30	12	7.03	7.31	7.97	9.07	10	12
Total Cost of Revenue	1.20	2.14	1.96	2.32	2.63	3.68	2.96	3.45	4.02	5.17
Operating Cost of Revenue	1.20	2.14	1.96	2.32	2.63	3.68	2.96	3.45	4.02	5.17
Total Operating Expenses	4.91	5.30	5.88	5.80	4.95	5.62	5.81	8.56	5.79	5.85
Selling, General & Admin Expense	4.17	4.35	5.35	4.67	4.34	4.58	5.16	5.59	5.29	6.72
Research & Development Expense	0.74	0.94	0.54	1.13	0.62	1.05	0.65	2.97	0.51	-0.87
Total Other Income / (Expense), net	-0.15	-0.15	-0.13	0.68	-0.03	-0.02	-0.01	-0.05	-0.01	-1.14
Other Income / (Expense), net	0.00	-0.52	0.00	0.80	0.00	-0.30	0.00	0.00	0.00	-1.21
Income Tax Expense	0.00	-	0.00	0.00	0.00	0.25	0.00	0.05	-0.13	0.09
Basic Earnings per Share	($0.12)	$209.82	($0.10)	$0.18	($0.02)	($0.10)	($0.03)	($0.12)	$0.02	($0.02)
Weighted Average Basic Shares Outstanding	25.37M	25.15M	25.53M	25.59M	25.72K	25.65M	25.76M	25.78M	25.90K	25.90M
Weighted Average Diluted Shares Outstanding	25.37M	25.46M	25.53M	25.98M	25.72K	25.69M	25.76M	25.78M	26.55K	26.82M
Weighted Average Basic & Diluted Shares Outstanding	25.30M	25.46M	25.50M	25.65M	25.66M	25.69M	25.69M	25.84M	25.84M	26.82M

This table details how cash moves in and out of Eton Pharmaceuticals' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	1.90	5.08	-6.45
Net Cash From Operating Activities	4.82	6.82	0.97
Net Cash From Continuing Operating Activities	4.82	6.75	0.97
Net Income / (Loss) Continuing Operations	-9.02	-0.94	-3.82
Consolidated Net Income / (Loss)	-9.02	-0.94	-3.82
Depreciation Expense	1.77	0.90	1.15
Amortization Expense	0.13	0.12	1.11
Non-Cash Adjustments To Reconcile Net Income	5.05	5.96	6.47
Changes in Operating Assets and Liabilities, net	6.89	0.71	-3.94
Net Cash From Investing Activities	-2.79	-0.78	-40
Net Cash From Continuing Investing Activities	-2.79	-0.78	-40
Purchase of Property, Plant & Equipment	-0.04	0.00	-0.03
Acquisitions	-2.75	-0.78	-40
Net Cash From Financing Activities	-0.13	-0.96	33
Net Cash From Continuing Financing Activities	-0.13	-0.96	33
Repayment of Debt	-0.39	-1.16	-1.16
Issuance of Debt	0.00	0.00	25
Issuance of Common Equity	0.17	0.23	7.25
Other Financing Activities, net	0.08	-0.03	1.19
Cash Interest Paid	0.73	0.84	0.67
Cash Income Taxes Paid	0.00	0.25	0.08

This table details how cash moves in and out of Eton Pharmaceuticals' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-3.67	2.93	-1.60	6.86	0.50	-0.68	-4.73	1.04	2.57	-5.33
Net Cash From Operating Activities	-1.70	2.84	-1.55	7.10	0.87	0.39	-2.47	1.26	2.95	-0.77
Net Cash From Continuing Operating Activities	-1.70	2.84	-1.55	7.10	0.87	0.32	-2.47	1.26	2.95	-0.77
Net Income / (Loss) Continuing Operations	-3.05	0.91	-2.66	4.56	-0.58	-2.26	-0.81	-3.04	0.63	-0.60
Consolidated Net Income / (Loss)	-3.05	0.91	-2.66	4.56	-0.58	-2.26	-0.81	-3.04	0.63	-0.60
Depreciation Expense	0.17	0.25	0.21	0.17	0.19	0.33	0.25	0.26	0.28	0.36
Amortization Expense	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	1.04
Non-Cash Adjustments To Reconcile Net Income	0.95	1.72	0.87	0.82	3.08	1.18	0.82	0.88	5.16	-0.38
Changes in Operating Assets and Liabilities, net	0.19	-0.07	-0.00	1.52	-1.85	1.05	-2.76	3.14	-3.13	-1.18
Net Cash From Investing Activities	-2.00	-0.01	0.00	-	-	-0.78	-1.88	-	-	-38
Net Cash From Continuing Investing Activities	-2.00	-0.01	0.00	-	-	-0.78	-1.88	-	-	-38
Purchase of Property, Plant & Equipment	-	-0.01	0.00	-	-	-	-0.01	-	-	-0.01
Acquisitions	-2.00	-	0.00	-	-	-0.78	-1.87	-	-	-38
Net Cash From Financing Activities	0.04	0.10	-0.05	-0.25	-0.37	-0.29	-0.38	-0.22	-0.39	34
Net Cash From Continuing Financing Activities	0.04	0.10	-0.05	-0.25	-0.37	-0.29	-0.38	-0.22	-0.39	34
Other Financing Activities, net	0.04	-0.07	-0.05	0.14	0.02	-0.14	0.01	0.17	-	1.02
Cash Interest Paid	0.17	0.19	0.22	0.21	0.21	0.20	0.19	0.17	0.16	0.14
Cash Income Taxes Paid	-	-	0.00	-	-	0.25	0.00	-	0.18	-0.10

This table presents Eton Pharmaceuticals' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	25	32	76
Total Current Assets	20	27	41
Cash & Equivalents	16	21	15
Accounts Receivable	1.85	3.41	5.36
Inventories, net	0.56	0.91	15
Prepaid Expenses	1.29	1.13	5.49
Plant, Property, & Equipment, net	0.07	0.06	0.03
Total Noncurrent Assets	4.95	4.84	35
Intangible Assets	4.75	4.74	35
Other Noncurrent Operating Assets	0.20	0.10	0.19
Total Liabilities & Shareholders' Equity	25	32	76
Total Liabilities	12	16	52
Total Current Liabilities	6.46	16	20
Short-Term Debt	1.03	5.38	0.00
Accounts Payable	1.77	1.85	4.17
Accrued Expenses	3.66	9.01	16
Total Noncurrent Liabilities	5.49	0.02	32
Long-Term Debt	5.38	0.00	30
Other Noncurrent Operating Liabilities	0.11	0.02	1.94
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	13	15	24
Total Preferred & Common Equity	13	15	24
Total Common Equity	13	15	24
Common Stock	116	120	132
Retained Earnings	-103	-104	-108

This table presents Eton Pharmaceuticals' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	22	24	31	32	31	32	36
Total Current Assets	16	19	26	27	24	25	30
Cash & Equivalents	13	15	22	22	17	18	20
Accounts Receivable	1.50	2.87	3.08	3.50	4.24	4.87	5.59
Inventories, net	0.48	0.44	0.82	1.05	2.32	2.07	1.94
Prepaid Expenses	1.06	1.10	0.87	0.54	1.05	0.80	1.96
Plant, Property, & Equipment, net	0.07	0.06	0.05	0.04	0.06	0.05	0.03
Total Noncurrent Assets	5.03	4.75	4.55	4.33	6.47	6.34	6.06
Intangible Assets	4.97	4.57	4.39	4.21	6.39	6.12	5.85
Other Noncurrent Operating Assets	0.05	0.18	0.16	0.12	0.09	0.22	0.21
Total Liabilities & Shareholders' Equity	22	24	31	32	31	32	36
Total Liabilities	10	13	14	15	15	18	20
Total Current Liabilities	4.66	7.49	9.59	10	15	18	20
Short-Term Debt	0.71	1.34	1.54	1.54	5.02	4.66	4.13
Accounts Payable	1.05	1.23	2.30	1.71	2.26	2.13	2.68
Accrued Expenses	2.90	4.92	5.75	7.14	8.02	11	13
Total Noncurrent Liabilities	5.68	5.19	4.62	4.24	0.00	0.15	0.13
Other Noncurrent Operating Liabilities	-	0.09	0.07	0.04	0.00	0.15	0.13
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	11	11	17	17	15	13	16
Total Preferred & Common Equity	11	11	17	17	15	13	16
Total Common Equity	11	11	17	17	15	13	16
Common Stock	115	117	118	119	120	121	123
Retained Earnings	-104	-106	-101	-102	-105	-108	-107

This table displays calculated financial ratios and metrics derived from Eton Pharmaceuticals' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	-2.66%	48.90%	23.29%
EBITDA Growth	-316.37%	104.62%	-572.04%
EBIT Growth	-288.84%	92.36%	-452.69%
NOPAT Growth	-452.51%	85.57%	-117.87%
Net Income Growth	-361.43%	89.62%	-308.44%
EPS Growth	0.00%	0.00%	0.00%
Operating Cash Flow Growth	202.12%	41.36%	-85.78%
Free Cash Flow Firm Growth	109.49%	209.72%	-1,542.94%
Invested Capital Growth	-67.79%	-116.65%	7,501.69%
Revenue Q/Q Growth	12.76%	-3.61%	12.50%
EBITDA Q/Q Growth	-5.75%	-89.37%	63.91%
EBIT Q/Q Growth	-5.81%	-132.12%	30.96%
NOPAT Q/Q Growth	-3.15%	-144.79%	50.24%
Net Income Q/Q Growth	-1.43%	-141.94%	30.25%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	253.73%	-26.47%	-54.31%
Free Cash Flow Firm Q/Q Growth	109.14%	-47.45%	-1,317.07%
Invested Capital Q/Q Growth	-23.85%	-194.99%	25,456.77%
Profitability Metrics	-	-	-
Gross Margin	67.38%	66.56%	60.01%
EBITDA Margin	-33.50%	1.04%	-3.98%
Operating Margin	-38.87%	-3.77%	-6.66%
EBIT Margin	-42.45%	-2.18%	-9.76%
Profit (Net Income) Margin	-42.45%	-2.96%	-9.80%
Tax Burden Percent	100.00%	135.85%	100.39%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-88.32%	-62.76%	-9.38%
ROIC Less NNEP Spread (ROIC-NNEP)	-51.54%	-61.98%	344.57%
Return on Net Nonoperating Assets (RNNOA)	29.56%	56.20%	-9.78%
Return on Equity (ROE)	-58.75%	-6.56%	-19.16%
Cash Return on Invested Capital (CROIC)	14.24%	0.00%	-105.98%
Operating Return on Assets (OROA)	-34.37%	-2.43%	-7.06%
Return on Assets (ROA)	-34.37%	-3.30%	-7.09%
Return on Common Equity (ROCE)	-58.75%	-6.56%	-19.16%
Return on Equity Simple (ROE_SIMPLE)	-68.98%	-6.05%	-15.65%
Net Operating Profit after Tax (NOPAT)	-5.78	-0.83	-1.82
NOPAT Margin	-27.21%	-2.64%	-4.66%
Net Nonoperating Expense Percent (NNEP)	-36.78%	-0.78%	-353.95%
Return On Investment Capital (ROIC_SIMPLE)	-29.66%	-4.00%	-3.35%
Cost of Revenue to Revenue	32.62%	33.44%	39.99%
SG&A Expenses to Revenue	87.44%	59.83%	58.32%
R&D to Revenue	18.80%	10.50%	8.34%
Operating Expenses to Revenue	106.24%	70.33%	66.67%
Earnings before Interest and Taxes (EBIT)	-9.02	-0.69	-3.81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7.12	0.33	-1.55
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	5.45	7.26	14.09
Price to Tangible Book Value (P/TBV)	8.57	10.47	0.00
Price to Revenue (P/Rev)	3.36	3.55	8.82
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	19.26	0.00	9.13
Enterprise Value to Revenue (EV/Rev)	2.89	3.05	9.20
Enterprise Value to EBITDA (EV/EBITDA)	0.00	292.94	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.75	14.14	370.50
Enterprise Value to Free Cash Flow (EV/FCFF)	65.93	33.39	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.49	0.35	1.22
Long-Term Debt to Equity	0.41	0.00	1.22
Financial Leverage	-0.57	-0.91	-0.03
Leverage Ratio	1.71	1.99	2.70
Compound Leverage Factor	1.71	1.99	2.70
Debt to Total Capital	32.92%	25.79%	54.96%
Short-Term Debt to Total Capital	5.30%	25.79%	0.00%
Long-Term Debt to Total Capital	27.62%	0.00%	54.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.08%	74.21%	45.04%
Debt to EBITDA	-0.90	16.35	-19.20
Net Debt to EBITDA	1.39	-48.66	-9.58
Long-Term Debt to EBITDA	-0.76	0.00	-19.20
Debt to NOPAT	-1.11	-6.45	-16.40
Net Debt to NOPAT	1.71	19.19	-8.18
Long-Term Debt to NOPAT	-0.93	0.00	-16.40
Altman Z-Score	-1.88	0.88	2.69
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.10	1.65	2.06
Quick Ratio	2.81	1.53	1.02
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.93	2.89	-42
Operating Cash Flow to CapEx	12,686.84%	0.00%	3,726.92%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.81	1.11	0.72
Accounts Receivable Turnover	5.80	12.02	8.89
Inventory Turnover	12.53	14.42	1.93
Fixed Asset Turnover	227.28	486.80	848.07
Accounts Payable Turnover	3.92	5.86	5.19
Days Sales Outstanding (DSO)	62.89	30.36	41.04
Days Inventory Outstanding (DIO)	29.14	25.32	188.85
Days Payable Outstanding (DPO)	93.18	62.33	70.37
Cash Conversion Cycle (CCC)	-1.16	-6.66	159.52
Capital & Investment Metrics	-	-	-
Invested Capital	3.19	-0.53	39
Invested Capital Turnover	3.25	23.80	2.01
Increase / (Decrease) in Invested Capital	-6.71	-3.72	40
Enterprise Value (EV)	61	96	359
Market Capitalization	71	112	344
Book Value per Share	$0.52	$0.60	$0.95
Tangible Book Value per Share	$0.33	$0.42	($0.40)
Total Capital	19	21	54
Total Debt	6.42	5.38	30
Total Long-Term Debt	5.38	0.00	30
Net Debt	-9.89	-16	15
Capital Expenditures (CapEx)	0.04	0.00	0.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.73	-5.41	6.14
Debt-free Net Working Capital (DFNWC)	15	16	21
Net Working Capital (NWC)	14	11	21
Net Nonoperating Expense (NNE)	3.24	0.10	2.01
Net Nonoperating Obligations (NNO)	-9.89	-16	15
Total Depreciation and Amortization (D&A)	1.90	1.02	2.26
Debt-free, Cash-free Net Working Capital to Revenue	-8.14%	-17.10%	15.73%
Debt-free Net Working Capital to Revenue	68.59%	50.50%	54.02%
Net Working Capital to Revenue	63.73%	33.49%	54.02%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.36)	($0.04)	($0.15)
Adjusted Weighted Average Basic Shares Outstanding	25.15M	25.65M	25.90M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	25.46M	25.69M	26.82M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.46M	25.69M	26.82M
Normalized Net Operating Profit after Tax (NOPAT)	-5.78	-0.83	-1.82
Normalized NOPAT Margin	-27.21%	-2.64%	-4.66%
Pre Tax Income Margin	-42.45%	-2.18%	-9.76%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Eton Pharmaceuticals' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	315.35%	39.47%	143.75%	63.05%	118.33%	-13.94%	50.19%	-24.36%	46.90%	59.26%
EBITDA Growth	54.87%	-31.88%	55.17%	3,615.83%	87.83%	-334.34%	77.18%	-154.25%	346.65%	141.90%
EBIT Growth	52.49%	-47.64%	52.46%	449.48%	81.07%	-520.96%	68.43%	-162.67%	192.88%	74.59%
NOPAT Growth	50.49%	-19.18%	50.19%	513.97%	81.07%	-231.37%	68.43%	-152.91%	266.06%	131.56%
Net Income Growth	50.03%	-12.22%	50.09%	392.62%	80.99%	-347.37%	69.51%	-166.70%	208.29%	73.49%
EPS Growth	50.00%	0.00%	0.00%	400.00%	83.33%	0.00%	70.00%	-166.67%	200.00%	0.00%
Operating Cash Flow Growth	42.27%	155.50%	-226.57%	188.62%	151.26%	-86.37%	-59.75%	-82.33%	238.14%	-297.67%
Free Cash Flow Firm Growth	-152.49%	204.25%	94.72%	387.78%	149.02%	-70.09%	-437.71%	-123.70%	-58.38%	-1,793.70%
Invested Capital Growth	1,129.24%	-67.79%	-33.58%	-50.94%	-86.66%	-116.65%	29.54%	-65.97%	-127.73%	7,501.69%
Revenue Q/Q Growth	-56.25%	164.00%	-37.59%	126.19%	-41.42%	4.06%	8.93%	13.91%	13.78%	12.81%
EBITDA Q/Q Growth	-1,838.85%	130.69%	-377.15%	313.22%	-106.71%	-490.85%	73.69%	-406.88%	130.52%	0.37%
EBIT Q/Q Growth	-116.04%	118.79%	-565.81%	284.81%	-111.70%	-317.88%	65.07%	-266.88%	117.34%	-214.34%
NOPAT Q/Q Growth	-116.04%	152.41%	-267.02%	318.91%	-109.88%	-263.69%	59.86%	-266.88%	131.01%	-30.88%
Net Income Q/Q Growth	-95.44%	129.95%	-391.67%	271.39%	-112.70%	-289.64%	64.05%	-274.97%	120.62%	-195.37%
EPS Q/Q Growth	-100.00%	0.00%	0.00%	280.00%	-111.11%	0.00%	0.00%	-300.00%	116.67%	0.00%
Operating Cash Flow Q/Q Growth	-169.20%	266.76%	-154.51%	558.85%	-87.71%	-55.67%	-739.02%	150.75%	135.22%	-125.91%
Free Cash Flow Firm Q/Q Growth	-267.71%	217.42%	-103.44%	2,035.40%	-37.36%	-28.35%	-161.91%	14.69%	209.97%	-3,015.87%
Invested Capital Q/Q Growth	64.15%	-23.85%	-6.61%	-57.97%	-55.35%	-194.99%	826.74%	-88.96%	-136.39%	25,456.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.69%	74.84%	63.08%	80.70%	62.65%	49.64%	62.85%	62.00%	61.04%	55.60%
EBITDA Margin	-83.72%	9.73%	-43.21%	40.74%	-4.67%	-26.50%	-6.57%	-29.22%	7.84%	6.97%
Operating Margin	-89.93%	12.50%	-47.78%	32.37%	-7.80%	-27.25%	-10.04%	-32.35%	4.93%	5.40%
EBIT Margin	-89.93%	6.40%	-47.78%	39.03%	-7.80%	-31.31%	-10.04%	-32.35%	4.93%	-5.00%
Profit (Net Income) Margin	-94.59%	10.73%	-50.15%	38.00%	-8.24%	-30.85%	-10.18%	-33.51%	6.07%	-5.13%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	112.29%	100.00%	101.81%	125.15%	117.03%
Interest Burden Percent	105.18%	167.65%	104.97%	97.35%	105.66%	87.73%	101.38%	101.77%	98.43%	87.80%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-25.15%	0.00%
Return on Invested Capital (ROIC)	-627.41%	40.56%	-218.46%	493.80%	-75.47%	-454.03%	-70.53%	-846.86%	1,059.23%	7.61%
ROIC Less NNEP Spread (ROIC-NNEP)	-618.58%	42.27%	-208.13%	488.63%	-73.80%	-447.38%	-68.01%	-839.94%	1,059.29%	190.89%
Return on Net Nonoperating Assets (RNNOA)	531.42%	-24.24%	145.04%	-426.61%	61.32%	405.72%	50.62%	793.25%	-1,046.27%	-5.42%
Return on Equity (ROE)	-95.99%	16.32%	-73.42%	67.19%	-14.16%	-48.31%	-19.92%	-53.61%	12.96%	2.19%
Cash Return on Invested Capital (CROIC)	-243.53%	14.24%	-66.69%	50.54%	231.38%	0.00%	-13.26%	-425.17%	0.00%	-105.98%
Operating Return on Assets (OROA)	-70.44%	5.18%	-49.43%	41.97%	-9.65%	-34.91%	-12.59%	-32.35%	5.08%	-3.61%
Return on Assets (ROA)	-74.09%	8.69%	-51.89%	40.86%	-10.20%	-34.39%	-12.76%	-33.52%	6.25%	-3.71%
Return on Common Equity (ROCE)	-95.99%	16.32%	-73.42%	67.19%	-14.16%	-48.31%	-19.92%	-53.61%	12.96%	2.19%
Return on Equity Simple (ROE_SIMPLE)	-79.55%	0.00%	-56.50%	-1.40%	13.21%	0.00%	5.89%	-49.67%	-34.30%	0.00%
Net Operating Profit after Tax (NOPAT)	-2.03	1.06	-1.77	3.88	-0.38	-1.40	-0.56	-2.05	0.64	0.44
NOPAT Margin	-62.95%	12.50%	-33.44%	32.37%	-5.46%	-19.08%	-7.03%	-22.64%	6.17%	3.78%
Net Nonoperating Expense Percent (NNEP)	-8.83%	-1.70%	-10.33%	5.17%	-1.68%	-6.65%	-2.52%	-6.92%	-0.06%	-183.28%
Return On Investment Capital (ROIC_SIMPLE)	-	5.45%	-	-	-	-6.69%	-	-	-	0.81%
Cost of Revenue to Revenue	37.31%	25.16%	36.92%	19.30%	37.35%	50.36%	37.15%	38.00%	38.96%	44.40%
SG&A Expenses to Revenue	129.51%	51.24%	100.77%	38.96%	61.70%	62.57%	64.73%	61.62%	51.22%	57.68%
R&D to Revenue	23.11%	11.11%	10.09%	9.38%	8.75%	14.32%	8.17%	32.73%	4.89%	-7.48%
Operating Expenses to Revenue	152.63%	62.34%	110.86%	48.34%	70.45%	76.89%	72.90%	94.35%	56.11%	50.20%
Earnings before Interest and Taxes (EBIT)	-2.90	0.54	-2.53	4.68	-0.55	-2.29	-0.80	-2.94	0.51	-0.58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.70	0.83	-2.29	4.89	-0.33	-1.94	-0.52	-2.65	0.81	0.81
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.75	5.45	8.72	5.32	6.33	7.26	6.22	6.28	9.70	14.09
Price to Tangible Book Value (P/TBV)	8.56	8.57	14.70	7.22	8.44	10.47	10.58	11.52	15.31	0.00
Price to Revenue (P/Rev)	2.82	3.36	4.02	3.07	3.26	3.55	2.81	2.69	4.47	8.82
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	47.93	0.00	105.51	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	2.09%	0.00%	0.95%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	11.01	19.26	30.13	58.74	162.15	0.00	21.95	167.81	0.00	9.13
Enterprise Value to Revenue (EV/Rev)	2.45	2.89	3.68	2.53	2.76	3.05	2.47	2.28	4.01	9.20
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	101.15	29.30	292.94	40.37	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	42.26	0.00	81.05	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	48.65	0.00	198.54	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	12.75	43.78	10.99	9.78	14.14	14.38	1,702.05	65.48	370.50
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	65.93	0.00	76.51	16.50	33.39	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.57	0.49	0.57	0.36	0.34	0.35	0.32	0.35	0.26	1.22
Long-Term Debt to Equity	0.51	0.41	0.45	0.27	0.25	0.00	0.00	0.00	0.00	1.22
Financial Leverage	-0.86	-0.57	-0.70	-0.87	-0.83	-0.91	-0.74	-0.94	-0.99	-0.03
Leverage Ratio	1.79	1.71	1.91	1.80	1.89	1.99	2.05	2.08	2.05	2.70
Compound Leverage Factor	1.89	2.87	2.01	1.75	2.00	1.74	2.08	2.12	2.02	2.37
Debt to Total Capital	36.35%	32.92%	36.44%	26.70%	25.35%	25.79%	24.47%	25.71%	20.52%	54.96%
Short-Term Debt to Total Capital	4.03%	5.30%	7.57%	6.75%	6.81%	25.79%	24.47%	25.71%	20.52%	0.00%
Long-Term Debt to Total Capital	32.32%	27.62%	28.87%	19.95%	18.55%	0.00%	0.00%	0.00%	0.00%	54.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	63.65%	67.08%	63.56%	73.30%	74.65%	74.21%	75.53%	74.29%	79.48%	45.04%
Debt to EBITDA	-0.95	-0.90	-1.50	8.38	1.85	16.35	2.39	-0.86	-0.96	-19.20
Net Debt to EBITDA	1.04	1.39	1.92	-21.28	-5.28	-48.66	-5.55	2.40	3.75	-9.58
Long-Term Debt to EBITDA	-0.84	-0.76	-1.19	6.26	1.36	0.00	0.00	0.00	0.00	-19.20
Debt to NOPAT	-1.14	-1.11	-1.61	-17.98	3.08	-6.45	11.77	-1.06	-1.13	-16.40
Net Debt to NOPAT	1.25	1.71	2.07	45.67	-8.77	19.19	-27.27	2.97	4.42	-8.18
Long-Term Debt to NOPAT	-1.01	-0.93	-1.28	-13.44	2.25	0.00	0.00	0.00	0.00	-16.40
Altman Z-Score	-2.60	-0.62	-0.30	1.26	1.49	0.72	0.39	-1.03	1.84	2.83
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.52	3.10	2.55	2.75	2.61	1.65	1.59	1.40	1.51	2.06
Quick Ratio	3.19	2.81	2.35	2.57	2.46	1.53	1.37	1.24	1.31	1.02
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-6.62	7.78	-0.27	5.18	3.25	2.33	-1.44	-1.23	1.35	-39
Operating Cash Flow to CapEx	0.00%	23,666.67%	0.00%	0.00%	0.00%	0.00%	-17,664.29%	0.00%	0.00%	-6,375.00%
Free Cash Flow to Firm to Interest Expense	-44.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-11.35	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-11.35	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.81	1.03	1.08	1.24	1.11	1.25	1.00	1.03	0.72
Accounts Receivable Turnover	20.02	5.80	13.29	14.81	13.15	12.02	9.64	7.89	7.63	8.89
Inventory Turnover	12.77	12.53	16.98	11.30	11.80	14.42	8.41	8.82	9.44	1.93
Fixed Asset Turnover	182.09	227.28	295.50	436.36	591.48	486.80	607.15	689.69	976.82	848.07
Accounts Payable Turnover	2.41	3.92	4.78	4.23	6.53	5.86	6.63	5.74	6.42	5.19
Days Sales Outstanding (DSO)	18.23	62.89	27.47	24.64	27.76	30.36	37.85	46.27	47.82	41.04
Days Inventory Outstanding (DIO)	28.58	29.14	21.49	32.29	30.94	25.32	43.41	41.39	38.65	188.85
Days Payable Outstanding (DPO)	151.74	93.18	76.34	86.29	55.86	62.33	55.09	63.63	56.85	70.37
Cash Conversion Cycle (CCC)	-104.93	-1.16	-27.38	-29.35	2.84	-6.66	26.17	24.04	29.62	159.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4.19	3.19	2.98	1.25	0.56	-0.53	3.86	0.43	-0.16	39
Invested Capital Turnover	9.97	3.25	6.53	15.26	13.83	23.80	10.03	37.40	171.67	2.01
Increase / (Decrease) in Invested Capital	4.60	-6.71	-1.51	-1.30	-3.63	-3.72	0.88	-0.83	-0.71	40
Enterprise Value (EV)	46	61	90	74	91	96	85	71	139	359
Market Capitalization	53	71	98	89	107	112	96	85	155	344
Book Value per Share	$0.44	$0.52	$0.44	$0.66	$0.66	$0.60	$0.60	$0.52	$0.62	$0.95
Tangible Book Value per Share	$0.25	$0.33	$0.26	$0.48	$0.49	$0.42	$0.35	$0.29	$0.39	($0.40)
Total Capital	18	19	18	23	23	21	21	18	20	54
Total Debt	6.39	6.42	6.45	6.09	5.74	5.38	5.02	4.66	4.13	30
Total Long-Term Debt	5.68	5.38	5.11	4.55	4.20	0.00	0.00	0.00	0.00	30
Net Debt	-6.99	-9.89	-8.26	-15	-16	-16	-12	-13	-16	15
Capital Expenditures (CapEx)	0.00	0.01	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.91	-1.73	-1.75	-3.28	-3.77	-5.41	-2.67	-5.82	-6.12	6.14
Debt-free Net Working Capital (DFNWC)	12	15	13	18	18	16	14	12	14	21
Net Working Capital (NWC)	12	14	12	17	17	11	8.96	7.22	10	21
Net Nonoperating Expense (NNE)	1.02	0.15	0.89	-0.68	0.20	0.86	0.25	0.99	0.01	1.04
Net Nonoperating Obligations (NNO)	-6.99	-9.89	-8.26	-15	-16	-16	-12	-13	-16	15
Total Depreciation and Amortization (D&A)	0.20	0.28	0.24	0.20	0.22	0.35	0.28	0.28	0.30	1.39
Debt-free, Cash-free Net Working Capital to Revenue	-4.83%	-8.14%	-7.16%	-11.31%	-11.47%	-17.10%	-7.79%	-18.54%	-17.65%	15.73%
Debt-free Net Working Capital to Revenue	66.15%	68.59%	53.17%	63.01%	55.76%	50.50%	40.76%	37.84%	40.78%	54.02%
Net Working Capital to Revenue	62.40%	63.73%	47.68%	57.71%	51.07%	33.49%	26.13%	23.00%	28.88%	54.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.12)	$209.82	($100.00)	$0.18	($0.02)	($0.10)	($0.03)	($0.12)	$0.02	($0.02)
Adjusted Weighted Average Basic Shares Outstanding	25.37M	25.15M	25.53M	25.59M	25.72M	25.65M	25.76M	25.78M	25.90K	25.90M
Adjusted Diluted Earnings per Share	($0.12)	$0.00	$0.00	$0.18	($0.02)	$0.00	($0.03)	($0.12)	$0.02	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	25.37M	25.46M	25.50M	25.98M	25.72M	25.69M	25.76M	25.78M	26.55K	26.82M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.30M	25.46M	25.50M	25.65M	25.66M	25.69M	25.69M	25.84M	25.84M	26.82M
Normalized Net Operating Profit after Tax (NOPAT)	-2.03	0.74	-1.77	2.72	-0.38	-1.40	-0.56	-2.05	0.36	0.44
Normalized NOPAT Margin	-62.95%	8.75%	-33.44%	22.66%	-5.46%	-19.08%	-7.03%	-22.64%	3.45%	3.78%
Pre Tax Income Margin	-94.59%	10.73%	-50.15%	38.00%	-8.24%	-27.47%	-10.18%	-32.92%	4.85%	-4.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-19.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-13.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-19.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-13.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Eton Pharmaceuticals' Financials

When does Eton Pharmaceuticals's financial year end?

According to the most recent income statement we have on file, Eton Pharmaceuticals' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Eton Pharmaceuticals' net income changed over the last 2 years?

Eton Pharmaceuticals' net income appears to be on a downward trend, with a most recent value of -$3.82 million in 2024, falling from -$9.02 million in 2022. The previous period was -$936 thousand in 2023.

What is Eton Pharmaceuticals's operating income?

Eton Pharmaceuticals's total operating income in 2024 was -$2.60 million, based on the following breakdown:

Total Gross Profit: $23.41 million
Total Operating Expenses: $26.01 million

How has Eton Pharmaceuticals revenue changed over the last 2 years?

Over the last 2 years, Eton Pharmaceuticals' total revenue changed from $21.25 million in 2022 to $39.01 million in 2024, a change of 83.6%.

How much debt does Eton Pharmaceuticals have?

Eton Pharmaceuticals' total liabilities were at $51.70 million at the end of 2024, a 217.9% increase from 2023, and a 332.5% increase since 2022.

How much cash does Eton Pharmaceuticals have?

In the past 2 years, Eton Pharmaceuticals' cash and equivalents has ranged from $14.94 million in 2024 to $21.39 million in 2023, and is currently $14.94 million as of their latest financial filing in 2024.

How has Eton Pharmaceuticals' book value per share changed over the last 2 years?

Over the last 2 years, Eton Pharmaceuticals' book value per share changed from 0.52 in 2022 to 0.95 in 2024, a change of 82.9%.

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This page (NASDAQ:ETON) was last updated on 4/16/2025 by MarketBeat.com Staff

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Eton Pharmaceuticals (ETON) Financials

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Eton Pharmaceuticals (ETON) Financials

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