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Financial statements

PANACEA LIFE SCIENCES HOLDINGS, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PANACEA LIFE SCIENCES HOLDINGS, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2015FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023
Revenue000000.359.022.061.632.38
Cost of revenue01.947.021.521.231.26
Gross profit0-1.720.540.41.12
Research and development0.060.080.370.360.30.020
Selling and marketing0.020.950.64
General and administrative0.170.110.761.221.912.822.811.521.091.46
Operating expenses0.420.391.63.122.448.977.266.486.056.67
Operating income-0.42-0.39-1.6-3.12-2.44-10.7-5.26-5.94-5.65-5.55
Interest expense00.070.460.481.511.112.051.56
Other non-operating income0.120.03-0-0.74-1.90.650.031.15-3.49-2.47
Pre-tax income-0.3-0.36-1.6-3.86-4.34-10-5.23-4.78-9.14-8.02
Income tax0000
Income from continuing operations-0.36-1.6-4.34-9.48-9.46
Net income-0.3-0.36-1.6-3.86-4.34-10-5.23-4.78-9.14-8.02
EBITDA-0.42-0.39-1.6-3.07-2.03-10.6-3.63-4.26-3.98-3.83
EPS, basic-8.16-8.16-0.93-1.28-1.28-0.42-0.31-0.28-0.62-0.48
EPS, diluted-8.16-8.16-0.93-1.28-1.28-0.42-0.31-0.27-0.62-0.48
Shares, basic (weighted)0.030.041.653.013.3824.116.916.914.916.6
Shares, diluted (weighted)0.030.041.653.013.3824.116.917.814.916.6

Balance sheet

FY2015FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023
Cash and equivalents0.0401.060.1600.020.080.020.010.1
Short-term investments02.853.791.110.01
Receivables00.060.150.240.210.26
Inventory01.348.414.264.454.01
Other current assets000.020.010.010.250.010.280.110.26
Total current assets0.060.081.080.170.012.4311.59.16.384.66
Property, plant and equipment0.020000.4813.68.847.686.45
Lease right-of-use assets00.393.943.63.243.86
Goodwill2.192.192.193.01
Intangible assets00002.150.120.062.193.01
Total assets0.080.082.130.170.018.0231.423.819.518
Accounts payable0.030.080.570.740.921.442.031.692.674.63
Accrued liabilities0.0100.060.580.050.240.620.28
Deferred revenue00.220
Short-term debt00.490.190.7
Total current liabilities0.040.180.622.393.343.8118.310.115.119.4
Long-term debt00.21
Lease liabilities00.223.693.352.993.25
Other non-current liabilities2.73.263.573.57
Total liabilities0.040.180.622.393.444.1324.716.721.626.3
Total debt00.060.590.190.34
Paid-in capital0.430.643.843.987.1125.318.723.923.825.6
Retained earnings-0.38-0.74-2.34-6.2-10.5-20.9-12-16.8-25.9-33.9
Other comprehensive income-0.01
Shareholders' equity0.05-0.091.5-2.22-3.4211.96.717.1-2.14-8.29
Minority interests0-0.54-2.02
Total equity0.05-0.091.5-2.22-3.423.89-5.047.1-2.14-8.29
Total liabilities and equity0.080.082.130.170.018.0231.423.819.518
Shares outstanding0.040.042.923.114.4231.116.914.11517.6

Cash flow statement

FY2015FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023
Net income-0.3-0.36-1.6-3.86-4.34-10-5.23-4.78-9.14-8.02
Depreciation and amortization0000.050.410.061.631.681.671.71
Stock-based compensation0.060.010.100.893.771.35
Change in receivables0000-0.090.15-0.10.040.43
Change in inventory0-2.86-5.05-0.55-0.180.3
Change in payables00.080.490.210.190.520.611.071.081.99
Cash from operations-0.4-0.64-0.89-1.23-0.47-5.75-7.65-3.92-2.4-1.52
Capital expenditures-0.01000-0.54-3.2-0.16-0.24-0.07
Sales and maturities of investments0.170.230.05
Cash from investing-0.010000-2.04-3.080.52-0.2-0.07
Debt repaid0-0.03
Stock issued0.10.100.01
Cash from financing0.420.61.950.340.317.82.33.332.581.68
Net change in cash0.01-0.041.06-0.89-0.160.02-8.43-0.06-0.010.09
Free cash flow-0.41-0.64-0.89-0.47-6.29-10.8-4.09-2.64-1.59
Interest paid00000.040.58
Income taxes paid000000

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2024; growth uses fiscal years. Valuation uses the share price of $0.08 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin56.5%Gross profit / revenue.
Operating margin-192.2%Operating income / revenue.
EBITDA margin-131.7%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-277.5%Pre-tax income / revenue.
Net margin-277.5%Net income / revenue.
Operating cash flow margin-56.7%Cash from operations / revenue.
Return on assets (ROA)-44.0%Net income / average total assets.
D&A / revenue60.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y46.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-35.8%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y183.0%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-17.5%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-7.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-16.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y316.8%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y11.9%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y-0.6%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y37.5%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.23xCurrent assets / current liabilities.
Quick ratio0.02x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.01x(Cash + short-term investments) / current liabilities.
Liabilities / assets155.3%Total liabilities / total assets.
Interest coverage-3.31xOperating income / interest expense.
Working capital-$15.7MCurrent assets - current liabilities.
Goodwill and intangibles / assets34.6%(Goodwill + intangible assets) / total assets.
Tangible book value-$15.7MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.16xRevenue / average total assets.
Fixed asset turnover0.46xRevenue / average property, plant and equipment.
Inventory turnover0.30xCost of revenue / average inventory.
Days inventory1,234 days365 x average inventory / cost of revenue.
Receivables turnover10.2xRevenue / average receivables.
Days sales outstanding36 days365 x average receivables / revenue.
Days payables1,573 days365 x average accounts payable / cost of revenue.
Cash conversion cycle-303 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.47Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.17Revenue / diluted weighted shares.
Operating cash flow per share-$0.10Cash from operations / diluted weighted shares.
Book value per share-$0.53Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.85Tangible book value / shares outstanding.
Cash per share$0.01(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.4MShare price x shares outstanding.
Enterprise value$1.3MMarket cap + total debt - cash - short-term investments.
P/S0.51xMarket cap / revenue.
EV/Sales0.47xEnterprise value / revenue.
Earnings yield-543.4%Net income / market cap (the inverse of P/E).
What was PANACEA LIFE SCIENCES HOLDINGS, INC.'s revenue in fiscal 2023?

PANACEA LIFE SCIENCES HOLDINGS, INC. reported revenue of $2.4M for fiscal 2023, 46.6% higher than the year before.

Was PANACEA LIFE SCIENCES HOLDINGS, INC. profitable in fiscal 2023?

No. It reported a net loss of $8.0M.

How much free cash flow did PANACEA LIFE SCIENCES HOLDINGS, INC. generate in fiscal 2023?

Cash from operations of $1.5M minus capital expenditures of $65.3K left free cash flow of -$1.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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