TECX (TECX) financial statements
Net income was -$74M.
Free cash flow was -$60M.
The diluted share count rose 719% over the period (dilution).
Income statement
Fiscal years, from TECX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Research and development | $15M | $35M | $55M | $87M | $83M | $72M | $37M | $41M | $63M |
| Selling, general and admin | $3M | $11M | $21M | $33M | $36M | $33M | $8M | $17M | $21M |
| Operating income | -$18M | -$46M | -$76M | -$120M | -$119M | -$105M | -$45M | -$58M | -$84M |
| Interest expense | — | — | — | — | $203,000 | $2M | $152,000 | $107,000 | $63,000 |
| Pre-tax income | — | — | — | — | — | — | — | -$58M | -$73M |
| Income tax | — | — | — | — | — | $0 | $377,000 | $0 | $1M |
| Net income | -$19M | -$46M | -$73M | -$120M | -$119M | -$106M | -$43M | -$58M | -$74M |
| EPS (diluted) | -$8.38 | -$3.62 | -$2.66 | -$3.31 | -$2.78 | -$2.42 | -$33.76 | -$6.83 | -$4.05 |
| Diluted shares | 2M | 13M | 27M | 36M | 43M | 44M | 1M | 8M | 18M |
Balance sheet
Fiscal years, from TECX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6M | $126M | $187M | $260M | $190M | $93M | $29M | $141M | $254M |
| Total current assets | $6M | $130M | $196M | $267M | $199M | $100M | $31M | $147M | $257M |
| Property, plant and equipment | $349,000 | $3M | $4M | $3M | $4M | $3M | $3M | $2M | $1M |
| Total assets | $7M | $133M | $201M | $271M | $204M | $104M | $39M | $153M | $261M |
| Total current liabilities | $3M | $11M | $14M | $17M | $19M | $13M | $41M | $12M | $10M |
| Total liabilities | $4M | $11M | $15M | $17M | $34M | $29M | $43M | $12M | $10M |
| Shareholders' equity | -$23M | $122M | $186M | $254M | $169M | -$46M | -$85M | $141M | $251M |
| Net debt | -$6M | -$126M | -$187M | -$260M | -$190M | -$93M | -$29M | -$141M | -$254M |
Cash flow
Fiscal years, from TECX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$16M | -$38M | -$68M | -$99M | -$98M | -$97M | -$41M | -$59M | -$60M |
| Capital spending | $383,000 | $2M | $2M | $1M | $2M | $267,000 | $279,000 | $156,000 | $208,000 |
| Free cash flow | -$17M | -$39M | -$69M | -$100M | -$100M | -$97M | -$41M | -$59M | -$60M |
| Stock-based compensation | $177,000 | $2M | $7M | $16M | $19M | $12M | $1M | $3M | $10M |
| Net borrowing | — | — | — | — | $15M | $0 | — | — | — |
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Open TECX in InvestinglyQuestions
How much free cash flow does TECX generate?
-$60M in fiscal 2025 (operating cash flow minus capital spending).
From TECX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.