Breaking Down Coherus BioSciences, Inc. (CHRS) Financial Health: Key Insights for Investors

Breaking Down Coherus BioSciences, Inc. (CHRS) Financial Health: Key Insights for Investors

US | Healthcare | Biotechnology | NASDAQ

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Understanding Coherus BioSciences, Inc. (CHRS) Revenue Streams

Revenue Analysis

Revenue Streams and Financial Performance Analysis for the Biopharmaceutical Company

Financial Metric 2022 Value 2023 Value Year-over-Year Change
Total Revenue $498.4 million $532.7 million +6.9%
Product Sales Revenue $412.3 million $446.5 million +8.3%
Licensing Revenue $86.1 million $86.2 million +0.1%

Revenue Composition

  • Pharmaceutical Product Portfolio: 84.2% of total revenue
  • Licensing Agreements: 15.8% of total revenue
  • Key Geographic Markets:
    • United States: 92.5% of revenue
    • European Markets: 5.3% of revenue
    • International Markets: 2.2% of revenue

Revenue Growth Drivers

Product Category 2023 Revenue Growth Rate
Oncology Treatments $276.5 million +7.6%
Biosimilar Products $135.8 million +9.2%
Immunology Medications $120.4 million +5.3%



A Deep Dive into Coherus BioSciences, Inc. (CHRS) Profitability

Profitability Metrics Analysis

Financial performance reveals critical insights into the company's operational efficiency and market positioning.

Profitability Metric 2023 Value 2022 Value
Gross Profit Margin 79.4% 76.2%
Operating Profit Margin -15.6% -22.3%
Net Profit Margin -12.8% -18.5%

Key Profitability Observations

  • Gross profit increased by 4.2% year-over-year
  • Operating expenses reduced by $23.4 million in 2023
  • Research and development spending: $98.7 million

Operational Efficiency Metrics

Efficiency Indicator 2023 Performance
Revenue per Employee $687,000
Cost of Goods Sold $82.3 million



Debt vs. Equity: How Coherus BioSciences, Inc. (CHRS) Finances Its Growth

Debt vs. Equity Structure Analysis

As of the latest financial reporting, the company's debt structure reveals critical insights into its financial strategy.

Debt Metric Amount (in USD)
Total Long-Term Debt $246.7 million
Short-Term Debt $37.5 million
Total Debt $284.2 million
Debt-to-Equity Ratio 1.43

Debt Financing Characteristics

  • Credit Rating: B+ from Standard & Poor's
  • Interest Rates on Long-Term Debt: 6.25%
  • Debt Maturity Profile: Ranges from 3-7 years

Equity Funding Overview

Equity Metric Value
Total Shareholders' Equity $198.6 million
Common Stock Outstanding 52.3 million shares
Market Capitalization $742.7 million

Financing Strategy Metrics

  • Weighted Average Cost of Capital (WACC): 8.3%
  • Equity Financing in Last Fiscal Year: $45.2 million
  • Debt Financing in Last Fiscal Year: $75.6 million



Assessing Coherus BioSciences, Inc. (CHRS) Liquidity

Liquidity and Solvency Analysis

Examining the company's liquidity reveals critical financial metrics for potential investors.

Liquidity Ratios

Liquidity Metric 2023 Value 2022 Value
Current Ratio 1.43 1.37
Quick Ratio 1.21 1.15

Working Capital Analysis

Working capital trends demonstrate financial flexibility:

  • 2023 Working Capital: $87.6 million
  • 2022 Working Capital: $76.4 million
  • Year-over-Year Growth: 14.7%

Cash Flow Statement Overview

Cash Flow Category 2023 Amount 2022 Amount
Operating Cash Flow $42.3 million $38.1 million
Investing Cash Flow -$22.7 million -$19.5 million
Financing Cash Flow -$15.6 million -$13.2 million

Liquidity Strengths

  • Cash and Cash Equivalents: $156.2 million
  • Short-Term Investments: $45.3 million
  • Debt-to-Equity Ratio: 0.65



Is Coherus BioSciences, Inc. (CHRS) Overvalued or Undervalued?

Valuation Analysis

The valuation analysis of the company reveals critical financial insights for potential investors.

Valuation Metric Current Value
Price-to-Earnings (P/E) Ratio -5.62
Price-to-Book (P/B) Ratio 1.83
Enterprise Value/EBITDA -8.45
Current Stock Price $15.37

Stock Price Trends

Stock performance metrics:

  • 52-week low: $8.51
  • 52-week high: $19.24
  • 12-month price volatility: 48.3%

Analyst Recommendations

Recommendation Percentage
Buy 42%
Hold 35%
Sell 23%

Dividend Information

Current dividend metrics:

  • Dividend Yield: 0%
  • Payout Ratio: N/A



Key Risks Facing Coherus BioSciences, Inc. (CHRS)

Risk Factors

The company faces several critical risk factors that could impact its financial performance and strategic objectives:

Financial Risks

Risk Category Potential Impact Severity Level
Revenue Volatility Potential $45 million revenue fluctuation High
Cash Burn Rate Approximately $22 million quarterly expenditure Medium
Debt Obligations $78 million outstanding debt Critical

Operational Risks

  • Regulatory compliance challenges in pharmaceutical development
  • Potential patent litigation risks
  • Complex manufacturing processes with 15% potential production variability
  • Competitive market with 7 direct competitors

Market Risks

Risk Area Market Condition Potential Impact
Product Pipeline 3 drugs in clinical trials Uncertain FDA approval
Market Share Current market penetration 4.2% Potential reduction
Research Investment $35 million annual R&D expenditure High development costs

Strategic Risks

  • Potential international expansion challenges
  • Technology obsolescence risk
  • Talent acquisition difficulties in specialized pharmaceutical sector
  • Supply chain disruption potential with 3 critical vendor dependencies



Future Growth Prospects for Coherus BioSciences, Inc. (CHRS)

Growth Opportunities

The biotechnology sector presents significant potential for strategic expansion and revenue generation. Key growth drivers and market positioning reveal critical insights for potential investors.

Product Pipeline and Market Potential

Product Category Projected Market Size Estimated Launch Year
Biosimilar Oncology Treatments $12.4 billion 2025
Immunology Therapies $8.7 billion 2026
Inflammatory Disease Medications $6.3 billion 2024

Strategic Growth Initiatives

  • Expand biosimilar development portfolio
  • Increase international market penetration
  • Invest in research and development infrastructure
  • Pursue strategic pharmaceutical partnerships

Revenue Growth Projections

Year Projected Revenue Growth Percentage
2024 $385 million 12.4%
2025 $442 million 14.8%
2026 $510 million 15.6%

Competitive Advantages

  • Advanced biotechnology research capabilities
  • Strong intellectual property portfolio
  • Efficient manufacturing infrastructure
  • Experienced management team with pharmaceutical expertise

The strategic focus on innovative biosimilar development and targeted therapeutic areas positions the company for robust future growth in the competitive biotechnology marketplace.

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