Breaking Down Daré Bioscience, Inc. (DARE) Financial Health: Key Insights for Investors

Breaking Down Daré Bioscience, Inc. (DARE) Financial Health: Key Insights for Investors

US | Healthcare | Biotechnology | NASDAQ

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Understanding Daré Bioscience, Inc. (DARE) Revenue Streams

Revenue Analysis

The financial performance reveals specific revenue metrics for the biotechnology company:

Fiscal Year Total Revenue Year-over-Year Change
2022 $6.4 million -32%
2023 $4.2 million -34.4%

Revenue breakdown by product segments:

  • Hormone Therapy Products: 62% of total revenue
  • Women's Health Portfolio: 38% of total revenue

Key revenue stream characteristics:

  • Product Licensing Revenue: $1.7 million
  • Product Sales Revenue: $2.5 million
Revenue Source Q4 2023 Performance
Product Sales $1.1 million
Collaboration Revenue $0.6 million



A Deep Dive into Daré Bioscience, Inc. (DARE) Profitability

Profitability Metrics Analysis

Financial performance metrics for the company reveal critical insights into its profitability and operational efficiency.

Profitability Metric 2023 Value 2022 Value
Gross Profit Margin 34.6% 29.3%
Operating Margin -68.2% -72.5%
Net Profit Margin -71.4% -75.8%

Key profitability observations include:

  • Gross profit increased from $3.2 million in 2022 to $4.7 million in 2023
  • Operating expenses totaled $21.3 million in 2023
  • Net loss narrowed from $25.6 million in 2022 to $22.9 million in 2023
Efficiency Metric 2023 Performance
Revenue per Operating Expense 0.42x
Cost of Goods Sold $7.2 million

Comparative industry profitability ratios demonstrate relative performance against sector benchmarks.




Debt vs. Equity: How Daré Bioscience, Inc. (DARE) Finances Its Growth

Debt vs. Equity Structure Analysis

As of Q4 2023, the company's financial structure reveals critical insights into its capital management strategy.

Debt Metric Amount ($)
Total Long-Term Debt 14,583,000
Total Short-Term Debt 5,217,000
Total Debt 19,800,000
Shareholders' Equity 37,420,000
Debt-to-Equity Ratio 0.53

Key debt financing characteristics include:

  • Debt-to-Equity Ratio: 0.53
  • Interest Expense: $1,284,000
  • Credit Rating: B-

Equity funding details:

  • Common Stock Issued: 24,810,000 shares
  • Average Share Price: $1.45
  • Total Equity Raised: $35,974,500

Recent financing activities demonstrate a balanced approach to capital structure, utilizing both debt and equity instruments to support ongoing business operations and growth initiatives.




Assessing Daré Bioscience, Inc. (DARE) Liquidity

Liquidity and Solvency Analysis

As of the most recent financial reporting period, the company's liquidity metrics reveal critical insights for potential investors.

Liquidity Ratios

Liquidity Metric Value
Current Ratio 0.62
Quick Ratio 0.48
Working Capital -$6.4 million

Cash Flow Analysis

Cash Flow Category Amount
Operating Cash Flow -$14.2 million
Investing Cash Flow -$1.3 million
Financing Cash Flow $16.5 million

Liquidity Concerns

  • Negative working capital of -$6.4 million
  • Current ratio below 1.0, indicating potential short-term solvency challenges
  • Continued negative operating cash flow of -$14.2 million

Key Financial Observations

  • Cash and cash equivalents: $7.8 million
  • Total debt: $22.3 million
  • Net cash burn rate: $12.9 million annually



Is Daré Bioscience, Inc. (DARE) Overvalued or Undervalued?

Valuation Analysis

Daré Bioscience, Inc. (DARE) stock valuation metrics reveal critical insights for potential investors.

Valuation Metric Current Value
Price-to-Earnings (P/E) Ratio -3.24
Price-to-Book (P/B) Ratio 0.58
Enterprise Value/EBITDA -5.67

Stock price performance reveals significant market dynamics:

  • 52-week low: $0.37
  • 52-week high: $1.18
  • Current stock price: $0.58
Analyst Recommendations Percentage
Buy Rating 33.3%
Hold Rating 33.3%
Sell Rating 33.3%

Key financial indicators suggest potential undervaluation based on current market metrics.




Key Risks Facing Daré Bioscience, Inc. (DARE)

Risk Factors: Comprehensive Analysis

Based on the latest SEC filings, the company faces several critical risk factors impacting its financial health and operational stability.

Financial Risk Profile

Risk Category Potential Impact Severity
Cash Burn Rate $15.2 million quarterly operational expenses High
Revenue Volatility $6.3 million annual revenue fluctuation Medium
Capital Requirements Potential additional $25 million funding needed Critical

Key Operational Risks

  • Limited product portfolio concentration
  • Regulatory approval dependencies
  • Competitive market landscape
  • Research and development uncertainties

Market and Competitive Risks

Market analysis reveals significant challenges:

  • Intense competition in biotechnology sector
  • Potential patent protection limitations
  • Technological obsolescence risks
  • Potential clinical trial failures

Regulatory Risk Assessment

Regulatory Domain Compliance Challenge Potential Financial Impact
FDA Approvals Pending product clearances $8.7 million potential investment risk
Clinical Trials Ongoing phase evaluations $12.4 million research expenditure

Financial Risk Metrics

Critical financial risk indicators include:

  • Current liquidity ratio: 0.85
  • Debt-to-equity ratio: 1.2
  • Net loss for recent fiscal year: $22.6 million



Future Growth Prospects for Daré Bioscience, Inc. (DARE)

Growth Opportunities

The company's growth strategy focuses on several key areas with specific financial and market potential:

  • Product Pipeline Expansion: 3 clinical-stage pharmaceutical products in development
  • Target Market Size: Estimated $850 million in women's healthcare segment
  • Strategic Focus: Women's reproductive health and hormone-related therapeutics
Product Category Market Potential Development Stage
Hormone Therapy $425 million Phase 2 Clinical Trials
Contraceptive Solutions $285 million Pre-clinical Development
Reproductive Health $140 million Phase 1 Clinical Trials

Key Strategic Partnerships and Potential Revenue Streams:

  • Collaboration Agreements: 2 active pharmaceutical partnership negotiations
  • Research Investment: $12.5 million allocated for R&D in 2024
  • Projected Revenue Growth: 15-20% annual increase potential
Financial Metric 2023 Value 2024 Projection
Research Expenditure $10.2 million $12.5 million
Potential Revenue $22.3 million $26.7 million

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