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BLTE - Belite Bio, Inc

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Belite Bio, Inc

BLTE

NASDAQ

Belite Bio, Inc, a clinical-stage biopharmaceutical drug development company, engages in the research and development of novel therapeutics targeting atrophic age-related macular degeneration and autosomal recessive stargardt diseases. Its lead product candidate is LBS-008, an oral once-a-day treatment that can reduce and maintain the delivery of vitamin A to the eye to reduce the accumulation of toxic vitamin A by-products in ocular tissue that is in phase 3 clinical trial. The company is also developing LBS-009, an anti-retinol binding protein 4 oral therapy targeting liver disease, including non-alcoholic fatty liver disease, nonalcoholic steatohepatitis, and type 2 diabetes, which is in the preclinical development phase. Belite Bio, Inc was founded in 2016 and is based in San Diego, California. Belite Bio, Inc operates as a subsidiary of Lin Bioscience International Ltd.

56.6 USD

-1.92 (-3.39%)

BLTE Financial Statements

Year

2024

2023

2022

2021

CF from Operating Activities

-29.23M

-29.84M

-11.46M

-7.47M

Net Income

-36.14M

-31.63M

-12.65M

-9.67M

Depreciation & Amortization

449k

399k

198k

30k

Deferred Income Taxes

0

-4.69M

-1.91M

0

Stock Based Compensation

8.99M

3.82M

1.48M

1.53M

Change in Working Capital

1.13M

-2.43M

-491k

640k

Accounts Receivable

74k

-72k

-32k

0

Inventory

0

0

0

0

Accounts Payable

0

0

0

0

Other Working Capital

1.06M

-2.35M

-459k

640k

Other Non-Cash Items

-3.66M

4.69M

1.91M

-8k

CF from Investing Activities

-110.57M

-63k

-394k

-56k

Investments in Property, Plant & Equipment

-116k

-63k

-394k

-74k

Net Acquisitions

0

0

0

18k

Investment Purchases

-188.26M

0

0

0

Sales/Maturities of Investments

77.84M

0

0

0

Other Investing Activites

-35k

0

-394k

18k

CF from Financing Activities

83.59M

75.96M

36.96M

-583k

Debt Repayment

0

0

0

0

Common Stock Issued

42.24M

55.19M

37.99M

-583k

Common Stock Repurchased

0

0

0

0

Dividends Paid

0

0

0

0

Other Financing Activites

41.36M

75.96M

-1.03M

-583k

Free Cash Flow

-29.39M

-29.9M

-11.85M

-7.55M

Operating Cash Flow

-29.23M

-29.84M

-11.46M

-7.47M

Capital Expenditures

-151k

-63k

-394k

-74k

Cash at Beginning of Period

88.16M

42.09M

17.34M

25.62M

Cash at End of Period

31.68M

88.16M

42.09M

17.34M

Net Change In Cash

-56.48M

46.07M

24.75M

-8.27M

Retained Earning Schedule

Year

2023

2022

2021

Retained Earnings (Previous Year)

-71.5M

-39.87M

-27.22M

Net Income

-31.63M

-12.47M

-9.79M

Stock Repurchases

0

0

0

Dividend Paid

0

0

0

Retained Earnings

-107.65M

-71.5M

-39.87M

Other Distributions

-36.14M

-31.63M

-12.65M

PPE Schedule

Year

2023

2022

2021

Gross PPE

965k

1.3M

1.38M

Annual Depreciation

139k

198k

30k

Capital Expenditure

-151k

-63k

-394k

Net PPE

977k

1.17M

1.74M

Intangible and Goodwill Schedule

Year

2023

2022

2021

Acquisitions and Adjustments

0

0

0

Goodwill (Previous Year)

0

0

0

Goodwill

0

0

0

All figures are in USD.

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