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Financial statements

Renalytix plc financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Renalytix plc 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

FY2020FY2020FY2021FY2022FY2023FY2024
Revenue01.492.973.42.29
Cost of revenue00.862.12.682.13
Gross profit00.630.870.720.16
Research and development4.324.571014.614.39.29
General and administrative2.745.7523.539.528.719.8
Operating expenses42.310.332.554.142.929.8
Operating income-42.3-10.3-31.9-53.2-42.2-29.6
Other non-operating income0.020.290.730.660.25
Pre-tax income-42.3-9.84-35.3-45.3-45.6-33.5
Income tax000.0300
Net income to minority interests00.610
Net income-42.3-9.84-35.3-45.3-45.6-33.5
EBITDA-42.3-10.2-31.6-52.7-41.7-29.2
EPS, basic-0.99-0.17-0.49-0.62-0.55-0.31
EPS, diluted-0.99-0.17-0.49-0.67-0.55-0.31
Shares, basic (weighted)42.659.171.572.982.2108
Shares, diluted (weighted)42.659.171.573.882.2108

Balance sheet

FY2020FY2020FY2021FY2022FY2023FY2024
Cash and equivalents8.213.365.141.324.74.68
Short-term investments0.990.980
Receivables0.590.90.780.72
Other current assets0.230.550.992.451.420.72
Total current assets9.4214.866.844.826.96.12
Property, plant and equipment0.281.662.491.371.030.22
Lease right-of-use assets00.160
Intangible assets1.231.191.050.87
Total assets9.720.978.650.130.67.97
Accounts payable0.322.221.41.38
Accrued liabilities0.830.684.63.066.643.35
Deferred revenue0.120.050
Total current liabilities1.153.297.0611.816.111.5
Lease liabilities00.040
Other non-current liabilities0.05
Total liabilities1.154.977.1219.523.715.8
Paid-in capital52.169.7150164186205
Retained earnings-42.9-52.7-87.4-133-178-212
Other comprehensive income-0.82-1.28.28-0.92-1.45-1.44
Shareholders' equity8.5515.971.530.66.97-7.85
Total equity8.5515.971.530.66.97-7.85
Total liabilities and equity9.720.978.650.130.67.97
Shares outstanding53.859.472.274.893.8154

Cash flow statement

FY2020FY2020FY2021FY2022FY2023FY2024
Net income-42.3-9.84-35.3-45.3-45.6-33.5
Depreciation and amortization0.030.070.280.490.510.36
Stock-based compensation0.531.162.664.622.931.71
Change in receivables-0.59-0.310.130.05
Change in payables0.30.360.781.42
Cash from operations-6.16-9.52-28.4-45.9-34.1-30.1
Capital expenditures-0.31-0.8-0.77-0.560
Purchases of investments-4.97-21.3
Cash from investing-12.3-1.17-0.75-0.660-0
Stock issued29.117.30.258.820.313.5
Cash from financing27.415.977.225.616.410.3
Exchange rate effect-0.81-0.153.75-2.841.05-0.14
Net change in cash8.125.0951.8-23.8-16.7-20
Free cash flow-6.47-10.3-29.2-46.5-34.1
Interest paid0.0200.25

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2024; growth uses fiscal years. Valuation uses the share price of $0.09 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin12.7%Gross profit / revenue.
Operating margin-1,055.0%Operating income / revenue.
EBITDA margin-1,045.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-1,191.0%Pre-tax income / revenue.
Net margin-1,192.0%Net income / revenue.
Operating cash flow margin-1,039.0%Cash from operations / revenue.
Return on assets (ROA)-584.7%Net income / average total assets.
R&D / revenue315.6%Research and development expense / revenue.
Stock-based pay / revenue61.4%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue10.2%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-32.7%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y15.4%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y-78.3%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-37.3%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-212.7%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-74.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-53.4%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-3.8%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y31.6%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y14.8%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, 5y20.5%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 ratio0.24xCurrent assets / current liabilities.
Quick ratio0.15x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.08x(Cash + short-term investments) / current liabilities.
Liabilities / assets336.1%Total liabilities / total assets.
Working capital-$9.1MCurrent assets - current liabilities.
Goodwill and intangibles / assets18.1%(Goodwill + intangible assets) / total assets.
Tangible book value-$12.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.49xRevenue / average total assets.
Fixed asset turnover11.6xRevenue / average property, plant and equipment.
Receivables turnover2.61xRevenue / average receivables.
Days sales outstanding140 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.27Net 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$0.02Revenue / diluted weighted shares.
Operating cash flow per share-$0.23Cash from operations / diluted weighted shares.
Book value per share-$0.07Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.07Tangible book value / shares outstanding.
Cash per share$0.01(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$29.1MShare price x shares outstanding.
Enterprise value$28.2MMarket cap + total debt - cash - short-term investments.
P/S12.4xMarket cap / revenue.
EV/Sales12.0xEnterprise value / revenue.
Earnings yield-96.2%Net income / market cap (the inverse of P/E).
What was Renalytix plc's revenue in fiscal 2024?

Renalytix plc reported revenue of $2.3M for fiscal 2024, 32.7% lower than the year before.

Was Renalytix plc profitable in fiscal 2024?

No. It reported a net loss of $33.5M.

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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