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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.

56.9 USD

-7.13 (-12.53%)

BLTE Financial Statements

Year

2023

2022

2021

2020

Total Revenue

0

0

0

0

Cost of Revenue

399k

198k

30k

17k

Gross Profit

-399k

-198k

-30k

-17k

Operating Expenses

31.67M

12.82M

9.8M

5.74M

Research and Development

24.84M

8.87M

7.42M

3.69M

Selling, General & Administrative Expenses

6.82M

3.95M

2.38M

2.06M

Selling & Marketing Expenses

0

0

0

0

General & Administrative Expenses

6.82M

3.95M

2.38M

2.06M

Other Expenses

0

166k

126k

0

Operating Income

-31.67M

-12.82M

-9.8M

-5.74M

Total Other Income/Expenses Net

45k

173k

131k

-9k

Income Before Tax

-31.62M

-12.65M

-9.67M

-5.75M

Income Tax

9k

-173k

126k

1k

Net Income

-31.63M

-12.47M

-9.79M

-5.75M

Basic EPS

-1.19

-0.62

-0.41

-0.24

EPS Diluted

-1.19

-0.62

-0.41

-0.24

Basic Average Shares

26.59M

19.98M

24.1M

24.1M

Diluted Average Shares

26.59M

19.98M

24.1M

24.1M

EBITDA

-31.53M

-12.43M

-9.64M

-5.71M

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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