Mirati Therapeutics, Inc. :MRTX-US: Earnings Analysis: Q3, 2016 By the Numbers : December 1, 2016

Mirati Therapeutics, Inc. reports financial results for the quarter ended September 30, 2016.

Analysis

  • Summary numbers: Revenues of USD 0 million, Net Earnings of USD -19.42 million.
  • The company did not record any revenues for the last twelve months making the comparison of net margin versus asset turnover meaningless.
  • MRTX-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 72.98 million compared to 138.01 million in the same period last year.
  • We consider the company to have a Quick & Able profile as it currently does not have any debt. In comparison, the median level of debt as percent of enterprise value for its peer group is currently 0%.
  • Of the 5 chosen peers for the company, only 2 of the stocks have an outstanding debt balance (including TA-US and NYMX-US). Companies with no debt include HBP-CA, SPHS-US and GNBT-US.
  • Net income of -19.42 million this period compared to a net income of -22.06 million last period. This is a growth of 11.97% over the previous period. In comparison, the peer group grew at 3.62%

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Company Profile

Mirati Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which focuses on developing a pipeline of targeted oncology products. It also focuses on its development programs on drugs intended to treat specific subsets of cancer patients with unmet needs. Its pipeline consists of product candidates, namely MGCD265, MGCD516 and mocetinostat. The company was founded on December 13, 1995 and is headquartered in San Diego, CA.

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