Oramed Pharmaceuticals, Inc. :ORMP-US: Earnings Analysis: Q3, 2017 By the Numbers : July 10, 2017

Oramed Pharmaceuticals, Inc. reports financial results for the quarter ended May 31, 2017.

Highlights

  • Summary numbers: Revenues of USD 0.62 million, Net Earnings of USD -1.97 million.
  • Change in operating cash flow of -5.89% compared to same period last year is about the same as change in earnings, likely no significant movement in accruals or reserves.
  • Earnings growth from operating margin improvements as well as one-time items.

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:

2017-05-31 2017-02-28 2016-11-30 2016-08-31 2016-05-31
Relevant Numbers (Quarterly)
Revenues (mil) 0.62 0.61 0.61 0.35 0.16
Revenue Growth (%YOY) 278.53 388.8 0 0 0
Earnings (mil) -1.97 -3.18 -2.64 -4.76 -2
Earnings Growth (%YOY) 1.55 -75.08 -10.29 -124.95 -26.09
Net Margin (%) -318.48 -520.95 -432.13 -1348.44 -1224.54
EPS -0.15 -0.24 -0.2 -0.36 -0.15
Return on Equity (%) -9.55 -14.05 -10.51 -16.65 -6.27
Return on Assets (%) -19.26 -29.35 -24.03 -48.12 -21.38

Access our Ratings and Scores for Oramed Pharmaceuticals, Inc.

Market Share Versus Profits

Revenues History
Earnings History

Compared to the same period last year, ORMP-US‘s change in revenue was close to the amount of its change in earnings. It remains to be seen how the rest of its peer group’s results will turn out and if ORMP-US‘s performance is a sign of any major shift in the composition of market share in this sector. Also, for comparison purposes, revenues changed by 0.98% and earnings by 38.27% compared to the previous period.

Cash Versus Earnings – Sustainable Performance?

It is important to examine a company�s cash versus earnings numbers to gauge whether its performance is sustainable.

ORMP-US‘s year-on-year change in operating cash flow of -5.89% is around its change in earnings. This suggests that there are likely no significant movement in accruals or reserves for managing earnings this period.

Margins

The company’s earnings growth has also been influenced by the following factors: (1) Improvements in operating (EBIT) margins from -1,294.48% to -349.27% and (2) one-time items. The company’s pretax margins are now -318.48% compared to -1,224.54% for the same period last year.

EBIT Margin History
PreTax Margin History

Access our Ratings and Scores for Oramed Pharmaceuticals, Inc.

Company Profile

Oramed Pharmaceuticals, Inc. engages in the research and development of pharmaceutical solutions, including an oral insulin capsule to be used for the treatment of individuals with diabetes, and the use of orally ingestible capsules or pills for delivery of other polypeptides. The company was founded by Nadav Kidron and Miriam Kidron on April 12, 2002 and is headquartered in Jerusalem, Israel.

CapitalCube does not own any shares in the stocks mentioned and focuses solely on providing unique fundamental research and analysis on approximately 50,000 stocks and ETFs globally. Try any of our analysis, screener or portfolio premium services free for 7 days. To get a quick preview of our services, check out our free quick summary analysis of ORMP-US.