SAGE THERAPEUTICS Sees 64.7% Increase in Total Revenue to USD 2.5 Million for Q2 of FY2023
August 14, 2023
☀️Earnings Overview
At the close of SAGE THERAPEUTICS ($NASDAQ:SAGE)’ second quarter of FY2023, total revenue had risen 64.7% to USD 2.5 million compared to the prior year. Unfortunately, net income reported was -160.3 million, a rise from -126.3 million in the same period of the previous year.
Analysis
GoodWhale conducted an analysis of SAGE THERAPEUTICS’s wellbeing and classified it as a ‘gorilla’. This type of company is generally characterized by having achieved stable and high revenue or earning growth due to its strong competitive advantage. Such companies are likely to draw the attention of investors looking for a promising return on their investments. The analysis revealed that SAGE THERAPEUTICS is in an intermediate health status with regard to its cashflows and debt, scoring 5/10. This shows that the company is likely to be able to pay off debt and fund future operations, although there may be some risks associated with doing so. In terms of other metrics, SAGE THERAPEUTICS fares well in asset inspections, profitability, and medium in growth but is weak in dividend. These metrics indicate a company with a solid portfolio of assets and potential for growth, but not necessarily offering a significant dividend return. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sage Therapeutics. More…
| Total Revenues | Net Income | Net Margin |
| 10.37 | -591.62 | -5704.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sage Therapeutics. More…
| Operations | Investing | Financing |
| -531 | 441.19 | 4.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sage Therapeutics. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.08k | 97.91 | 16.46 |
Key Ratios Snapshot
Some of the financial key ratios for Sage Therapeutics are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.2% | – | -5990.1% |
| FCF Margin | ROE | ROA |
| -5129.0% | -36.7% | -35.9% |
Peers
The company has a strong focus on the development of novel therapies for the treatment of rare and orphan diseases. The company has a portfolio of products in various stages of development. The company’s products include Sage-547, an intravenous formulation of zolmitriptan for the treatment of migraines; Sage-217, an oral formulation of zolmitriptan for the treatment of cluster headaches; and Sage-689, an intranasal formulation of zolmitriptan for the treatment of migraines. The company is also developing product candidates for the treatment of Alzheimer’s disease, Parkinson’s disease, and epilepsy.
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Summary
SAGE THERAPEUTICS has seen a 64.7% year-over-year increase in total revenue to USD 2.5 million in its second quarter of FY2023. Unfortunately, the company reported a net income of USD -160.3 million, up from the prior year’s figure of -126.3 million. Despite the increase in revenue, investors have reacted negatively to this news, causing the company’s stock price to fall. As a result, investors should be cautious when considering SAGE THERAPEUTICS as an investment option.
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