Genocea Biosciences, Inc. :GNCA-US: Earnings Analysis: Q3, 2016 By the Numbers : December 1, 2016

Genocea Biosciences, Inc. reports financial results for the quarter ended September 30, 2016.

Analysis

  • Summary numbers: Revenues of USD 0 million, Net Earnings of USD -12.77 million.
  • The company did not record any revenues for the last twelve months making the comparison of net margin versus asset turnover meaningless.
  • GNCA-US‘s earnings and EBITDA are both negative which suggest that P/E or Price/EBITDA are not meaningful to make this analysis between operating advantage (ROE) and growth expectations (as suggested by P/E or P/EBITDA).
  • Cash and Cash equivalents were down this period to 75.46 million compared to 97.61 million in the same period last year.
  • With debt at a relatively low 19.42% of its enterprise value compared to an overall benchmark of 25% (Note: The peer median is currently 13.62%), and relatively tight interest coverage level of -27.98x, GNCA-US would have a hard time raising much additional debt. Thus, the company is classified as having Limited Flexibility when it comes to raising more debt.
  • Of the 9 chosen peers for the company, only 7 of the stocks have an outstanding debt balance. Companies with no debt include GNVC-US and VICL-US.
  • Net income of -12.77 million this period compared to a net income of -11.02 million last period. This is a growth of -15.80% over the previous period. In comparison, the peer group grew at -15.07%

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Company Profile

Genocea Biosciences, Inc. operates as a clinical stage biotechnology company, which discovers and develops novel vaccines to address infectious diseases. It uses its proprietary platform technology, antigen lead acquisition system to discover and develop novel vaccine candidates. Its products include GEN-001, GEN-002, GEN-003, GEN-004 and GEN-005. Genocea Biosciences was founded by Robert Paull and Kevin J. Bitterman on August 16, 2006 and is headquartered in Cambridge, MA.

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