PolarityTE Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.32
Dividend & YieldN/A$ (N/A)
Beta 1.19
Market capitalization 5.06M
Operating cash flow -25.61M
ESG Scores unknown

Company description

PolarityTE, Inc., a clinical stage biotechnology company, develops and commercializes a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences in the United States. The company operates in two segments, Regenerative Medicine Products and Contract Services. It offers SkinTE, a tissue product used to repair, reconstruction, replacement, and supplementation of skin in patients for the treatment of acute or chronic wounds, burns, surgical reconstruction events, scar revision, or removal of dysfunctional skin grafts, as well as contract research services. The company also develops SkinTE Cryo allows multiple deployments from one original harvest through a cryopreservation process; SkinTE point-of-care device to permit the processing and deployment of SkinTE immediately following the initial harvest at the point-of-car; PTE 11000, an allogenic, biologically active dressing for use in wound care and aesthetics to accelerate healing of skin; and other tissue regeneration products. PolarityTE, Inc. is headquartered in Salt Lake City, Utah.

Sector: Healthcare - Industry: Biotechnology

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 9.85M 1.2M -2.69M -1.14M
Total Cashflows From Investing Activities -42.13M -15.62M 17.63M -96k
Net Borrowings -1.61M -987k 2.45M -581k
Total Cash From Financing Activities -1.61M 26.81M 35.42M 16.58M
Change To Operating Activities -4.88M 49k 99k -966k
Issuance Of Stock 28.7M 28.7M 33.13M 16.62M
Net Income -110.51M -92.49M -42.85M -30.19M
Change In Cash -91.73M -45.45M 15.3M -6.15M
Effect Of Exchange Rate
Total Cash From Operating Activities -47.99M -56.65M -37.75M -22.63M
Depreciation 2.18M 3.19M 3.26M 2.84M
Change To Account Receivables 1.37M -1.04M -2.24M 2.77M
Other Cashflows From Financing Activities -225k -225k 1M 1M
Change To Netincome 54.53M 32.33M 7.28M 3.92M
Capital Expenditures -5M -2.77M -1.34M -123k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 20.75M 16.4M 11.53M 14.18M
Income Before Tax -110.51M -92.49M -42.85M -30.19M
Net Income -110.51M -92.49M -42.85M -30.19M
Selling General Administrative 91.84M 80.17M 36.28M 23.28M
Gross Profit 1.75M 3.17M 5.7M 5.09M
Ebit -110.84M -93.39M -42.11M -32.38M
Operating Income -110.84M -93.39M -42.11M -32.38M
Interest Expense -60k -182k -182k -127k
Income Tax Expense
Total Revenue 4.04M 5.65M 10.13M 9.4M
Cost Of Revenue 2.29M 2.48M 4.42M 4.32M
Total Other Income ExpenseNet 330k 900k -748k 2.19M
Net Income From Continuing Ops -110.51M -92.49M -42.85M -30.19M
Net Income Applicable To Common Shares -110.51M -92.49M -42.85M -30.19M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 8.13M 14.68M 18.17M 11.93M
Total Stockholder Equity 72.03M 38.92M 27.34M 19.24M
Other Current Liabilities 486k 1.11M 829k 860k
Total Assets 80.17M 53.6M 45.51M 31.18M
Common Stock 21k 27k 55k 82k
Other Current Assets 1.14M
Retained Earnings -342.86M -435.36M -478.21M -508.4M
Treasury Stock 36k 72k
Cash 55.67M 10.22M 25.52M 19.38M
Total Current Liabilities 7.52M 10.06M 8.48M 4.71M
Other Stockholder Equity 36k 72k
Property, Plant, and Equipment 13.74M 19.5M 13M 8.07M
Total Current Assets 64.31M 32.49M 31.22M 22.39M
Net Tangible Assets 70.83M 37.91M 26.52M 19.24M
Net Receivables 712k 1.73M 4.12M 1.04M
Accounts Payable 2.92M 1.69M 1.19M 173k


Insider Transactions

Here are the insider transactions of stock shares related to PolarityTE Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
COHEN PETER ASale at price 1.28 per share.D2022-08-17Director8.55k
COHEN PETER ASale at price 1.33 per share.D2022-08-16Director15.11k
HAGUE RICHARDStock Award(Grant) at price 0.00 per share.D2022-05-02Chief Executive Officer80k
HOYLER CAMERON JStock Award(Grant) at price 0.00 per share.D2022-05-02General Counsel60k
SEABURG DAVID B.Stock Award(Grant) at price 0.00 per share.D2022-05-02Director80k
PATTERSON JACOB ALEXANDERStock Award(Grant) at price 0.00 per share.D2022-05-02Chief Financial Officer50k
HAGUE RICHARDStock Award(Grant) at price 0.00 per share.D2022-01-14Chief Executive Officer45k
HOYLER CAMERON JStock Award(Grant) at price 0.00 per share.D2022-01-14General Counsel33.75k
SEABURG DAVID B.Stock Award(Grant) at price 0.00 per share.D2022-01-14Director45k
PATTERSON JACOB ALEXANDERStock Award(Grant) at price 0.00 per share.D2022-01-14Chief Financial Officer28.12k
HOYLER CAMERON JStock Award(Grant) at price 0.00 per share.D2021-12-23General Counsel275k
PATTERSON JACOB ALEXANDERStock Award(Grant) at price 0.00 per share.D2021-12-23Chief Financial Officer200k
HAGUE RICHARDStock Award(Grant) at price 0.00 per share.D2021-10-22Chief Executive Officer375k
SEABURG DAVID B.Sale at price 0.55 per share.D2021-10-19Director31.04k
COHEN PETER AStock Award(Grant) at price 0.65 per share.D2021-10-01Director30.73k
SEABURG DAVID B.Stock Award(Grant) at price 0.00 per share.D2021-09-01Director226.34k
SEABURG DAVID B.D2021-09-01Director32.01k
HAGUE RICHARDSale at price 0.83 per share.D2021-08-09President10.21k
HAGUE RICHARDStock Award(Grant) at price 0.82 per share.D2021-07-29President50k
HOYLER CAMERON JStock Award(Grant) at price 0.82 per share.D2021-07-29General Counsel37.5k
SEABURG DAVID B.Stock Award(Grant) at price 0.82 per share.D2021-07-29Chief Executive Officer50k
PATTERSON JACOB ALEXANDERStock Award(Grant) at price 0.82 per share.D2021-07-29Chief Financial Officer31.25k
HAGUE RICHARDSale at price 0.71 per share.D2021-07-19President12.6k
SEABURG DAVID B.Sale at price 0.71 per share.D2021-07-19Chief Executive Officer31.03k
COHEN PETER AStock Award(Grant) at price 0.99 per share.D2021-07-01Director37.44k
HAGUE RICHARDSale at price 1.02 per share.D2021-06-29President6.31k
COHEN PETER APurchase at price 0.98 per share.D2021-05-18Director265k
SEABURG DAVID B.Sale at price 0.86 per share.D2021-04-19Chief Executive Officer31.03k
HAGUE RICHARDStock Award(Grant) at price 0.00 per share.D2021-04-16President150k
HOYLER CAMERON JStock Award(Grant) at price 0.00 per share.D2021-04-16General Counsel150k
SEABURG DAVID B.Stock Award(Grant) at price 0.00 per share.D2021-04-16Chief Executive Officer300k
PATTERSON JACOB ALEXANDERStock Award(Grant) at price 0.00 per share.D2021-04-16Chief Financial Officer150k
COHEN PETER AStock Award(Grant) at price 1.11 per share.D2021-04-01Director33.56k
DYER JEFFREY HANSENStock Award(Grant) at price 1.11 per share.D2021-04-01Director3.43k
LOUGH DENVERD2021-03-01Beneficial Owner of more than 10% of a Class of Security11.11k
LOUGH DENVERD2021-02-01Beneficial Owner of more than 10% of a Class of Security11.11k
SEABURG DAVID B.Sale at price 1.09 per share.D2021-01-19Chief Executive Officer31.04k
LOUGH DENVERD2021-01-04Beneficial Owner of more than 10% of a Class of Security11.11k
COHEN PETER AStock Award(Grant) at price 0.68 per share.D2021-01-01Director172.43k
BAYLOR-HENRY MINNIEStock Award(Grant) at price 0.68 per share.D2021-01-01Director136.03k
SHEN JESSICA XIAOLIN M.D.Stock Award(Grant) at price 0.68 per share.D2021-01-01Director117.65k
SEABURG DAVID B.Sale at price 0.67 per share.D2020-12-30Chief Executive Officer8.52k
BAYLOR-HENRY MINNIED2020-12-10Director2.99k
LOUGH DENVERD2020-12-01Beneficial Owner of more than 10% of a Class of Security11.11k
LOUGH DENVERD2020-10-30Beneficial Owner of more than 10% of a Class of Security11.11k
HOYLER CAMERON JSale at price 1.03 per share.D2020-10-19General Counsel10k
SEABURG DAVID B.Sale at price 1.02 per share.D2020-10-19Chief Executive Officer31.03k
COHEN PETER AStock Award(Grant) at price 1.03 per share.D2020-10-01Director36.16k
LOUGH DENVERD2020-10-01Beneficial Owner of more than 10% of a Class of Security11.11k
BAYLOR-HENRY MINNIEStock Award(Grant) at price 1.03 per share.D2020-10-01Director12.13k
SEABURG DAVID B.Sale at price 1.03 per share.D2020-09-30Chief Executive Officer8.51k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to PolarityTE Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on PolarityTE Inc

Here is the result of two systematic investment strategies applied to PolarityTE Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on PolarityTE Inc

The following chart shows the equity curve of the two systematic investment strategies applied to PolarityTE Inc:

PolarityTE Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -60.8% on the backtest period.

Performance at glance

Performance

-60.8 %

Latent gain

-1360.21 $

Invested capital

2237.25 $

Annualized return

-14.69 %
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Momentum strategy results on PolarityTE Inc

This is the result of two momentum investment strategies applied to PolarityTE Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on PolarityTE Inc

The following chart shows all the entries opened by the momentum investment system on PolarityTE Inc:

PolarityTE Inc momentum entries
  • The first momentum investment strategy would give -67.46% of return on PolarityTE Inc. That represents -3558.06$ of latent gain with 5274.42$ of employed capital.
  • The second momentum investment strategy would give -72.64% of return on PolarityTE Inc. That represents -2363.98$ of latent gain with 3254.53$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-67.46 %

Latent gain

-3558.06 $

Invested capital

5274.42 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

-72.64 %

Latent gain

-2363.98 $

Invested capital

3254.53 $

Annualized return

-19.85 %

Momentum equity curve on PolarityTE Inc

The following chart shows the equity curve of the two momentum strategies applied to PolarityTE Inc:

PolarityTE Inc momentum equity

Note: the dividends potentially given by PolarityTE Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on PolarityTE Inc

The following chart shows the employed capital evolution of the two momentum strategies on PolarityTE Inc since the beginning:

PolarityTE Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on PolarityTE Inc

Buy the dip entry openings on PolarityTE Inc

PolarityTE Inc

The performance achieved by the robo-advisor on PolarityTE Inc is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows PolarityTE Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of PolarityTE Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to PolarityTE Inc

The following chart shows the result of the investment strategy applied to PolarityTE Inc:

PolarityTE Inc

Note: the dividends potentially given by PolarityTE Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on PolarityTE Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on PolarityTE Inc:

PolarityTE Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on PolarityTE Inc

In this section, I will compare the three previous investment strategies applied to PolarityTE Inc.

Equity curve comparison on PolarityTE Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

PolarityTE Inc investment strategy comparison

Employed capital comparison on PolarityTE Inc

PolarityTE Inc investment comparison

Performance comparison on PolarityTE Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -60.8% -1360.21$ 2237.25$ -14.69%
Momentum 1 quarter -67.46% -3558.06$ 5274.42$ -17.3%
Momentum 2 quarters -72.64% -2363.98$ 3254.53$ -19.85%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

-14.69 %

Momentum 1Q

-19.85 %

Momentum 2Q

-19.85 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with PolarityTE Inc:

Positive correlations

Most correlated stocks this year

  • PolarityTE Inc

  • Most correlated stocks last 3 months

  • PolarityTE Inc
  • SPDR S&P Global Dividend ETF

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between PolarityTE Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of PolarityTE Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name PolarityTE Inc
    Country United States
    City Salt Lake City
    Address 1960 South 4250 West
    Phone 800 560 3983
    Website www.polarityte.com
    FullTime employees 59
    Industry Biotechnology
    Sector Healthcare
    Exchange XNAS
    Ticker PTE
    Market www.nasdaq.com

    PolarityTE Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown