Company profile

Ticker
INO
Exchange
Website
CEO
J. Joseph Kim
Employees
Incorporated in
Location
Fiscal year end
Former names
Genetronics Biomedical Corp, Genetronics Biomedical LTD, Inovio Biomedical Corp
SEC CIK
IRS number
330024450

INO stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Nov 19
18 Jan 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 866.86K 135.67K 2.83M 2.5M
Net income -23.09M -29.39M -29.22M -32.96M
Diluted EPS -0.25 -0.3 -0.3 -0.34
Net profit margin -2664% -21660% -1033% -1317%
Operating income -23.95M -28.2M -28.54M -29.5M
Net change in cash -3.88M -1.04M -2.91M 4.3M
Cash on hand 15.85M 19.74M 20.78M 23.69M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 30.48M 42.22M 35.37M 40.57M
Net income -96.97M -88.21M -73.74M -29.19M
Diluted EPS -1.05 -1.09 -1.01 -0.44
Net profit margin -318% -209% -208% -71.94%
Operating income -94.09M -83.64M -76.24M -34.28M
Net change in cash -92.95K 4.65M -38.5M 17.09M
Cash on hand 23.69M 23.79M 19.14M 57.63M

Financial data from company earnings reports

13F holders
Current Prev Q Change
Total holders 120 127 -5.5%
Opened positions 8 21 -61.9%
Closed positions 15 21 -28.6%
Increased positions 36 37 -2.7%
Reduced positions 30 27 +11.1%
13F shares
Current Prev Q Change
Total value 95.16M 134.45M -29.2%
Total shares 46.37M 45.73M +1.4%
Total puts 43.97K 103.65K -57.6%
Total calls 32.42K 95.17K -65.9%
Total put/call ratio 1.4 1.1 +24.5%
Largest owners
Shares Value Change
BLK BlackRock 7.81M $16.02M +1.4%
Wasatch Advisors 6.64M $13.62M -1.4%
Sumitomo Mitsui Trust 5.16M $10.57M +5.6%
Nikko Asset Management Americas 5.16M $10.57M +5.6%
Vanguard 5.11M $10.48M +5.2%
ARK Investment Management 4.22M $8.66M +6.8%
STT State Street 1.74M $3.58M +0.4%
Geode Capital Management 1.29M $2.65M +7.8%
Dimensional Fund Advisors 1.19M $2.45M 0.0%
NTRS Northern Trust 1.15M $2.36M +11.1%
Largest transactions
Shares Bought/sold Change
Nikko Asset Management Americas 5.16M +272.25K +5.6%
Sumitomo Mitsui Trust 5.16M +272.25K +5.6%
ARK Investment Management 4.22M +267.67K +6.8%
Vanguard 5.11M +251.84K +5.2%
ING Ing Groep 0 -145.87K EXIT
D. E. Shaw & Co. 208.19K -145.15K -41.1%
NTRS Northern Trust 1.15M +115.45K +11.1%
BLK BlackRock 7.81M +105.56K +1.4%
Two Sigma Investments 16.63K -104.76K -86.3%
Panagora Asset Management 57.02K -103.68K -64.5%

Financial report summary

?
Risks
  • We have limited sources of revenue and our success is dependent on our ability to develop our vaccine and immunotherapies and other product candidates and electroporation equipment.
  • None of our human vaccine and immunotherapy product candidates have been approved for sale, and we may not develop commercially successful vaccine products.
  • Our indebtedness and liabilities could limit the cash flow available for our operations, expose us to risks that could adversely affect our business, financial condition and results of operations.
  • The conditional conversion features of the Notes, if triggered, may adversely affect our financial condition, operating results, or liquidity.
  • Conversion of the Notes and/or the Korean Bonds will dilute the ownership interest of existing stockholders, including holders who had previously converted their Notes or Korean Bonds, or may otherwise depress the price of our common stock.
  • We depend upon key personnel who may terminate their employment with us at any time and we may need to hire additional qualified personnel in order to obtain financing, pursue collaborations or develop or market our product candidates.
  • We face intense and increasing competition and many of our competitors have significantly greater resources and experience.
  • If we lose or are unable to secure collaborators or partners, or if our collaborators or partners do not apply adequate resources to their relationships with us, our product development and potential for profitability will suffer.
  • A small number of licensing partners and government contracts account for a substantial portion of our revenue.
  • We have agreements with government agencies, which are subject to termination and uncertain future funding.
  • Our quarterly operating results may fluctuate significantly.
  • If we are unable to obtain FDA approval of our products, we will not be able to commercialize them in the United States.
  • Clinical trials involve a lengthy and expensive process with an uncertain outcome, and results of earlier studies and trials may not be predictive of future trial results.
  • Delays in the commencement or completion of clinical testing could result in increased costs to us and delay or limit our ability to generate revenues.
  • We and our collaborators rely on third parties to conduct our clinical trials. If these third parties do not successfully carry out their contractual duties or meet expected deadlines, we and our collaborators may not be able to obtain regulatory approval for or commercialize our product candidates.
  • Even if our products receive regulatory approval, they may still face future development and regulatory difficulties.
  • Even if our products receive regulatory approval in the United States, we may never receive approval or commercialize our products outside of the United States.
  • We face potential product liability exposure and, if successful claims are brought against us, we may incur substantial liability.
  • We currently have no marketing and sales organization. If we are unable to establish marketing and sales capabilities or enter into agreements with third parties to market and sell our products, we may not be able to generate product revenues.
  • If any of our products for which we receive regulatory approval does not achieve broad market acceptance, the revenues that we generate from their sales will be limited.
  • We are subject to uncertainty relating to coverage and reimbursement policies which, if not favorable to our product candidates, could hinder or prevent our products' commercial success.
  • Healthcare reform measures could hinder or prevent our products' commercial success.
  • If we fail to comply with applicable healthcare regulations, we could face substantial penalties and our business, operations and financial condition could be adversely affected.
  • If we and the contract manufacturers upon whom we rely fail to produce our systems and product candidates in the volumes that we require on a timely basis, or fail to comply with stringent regulations, we may face delays in the development and commercialization of our electroporation equipment and product candidates.
  • Our failure to successfully acquire, develop and market additional product candidates or approved products would impair our ability to grow.
  • Our business involves the use of hazardous materials and we and our third-party manufacturers must comply with environmental laws and regulations, which can be expensive and restrict how we do business.
  • We may be subject to stockholder litigation, which would harm our business and financial condition.
  • Our results of operations and liquidity needs could be materially affected by market fluctuations and general economic conditions.
  • Changes in funding for the FDA and other government agencies could hinder our ability to hire and retain key leadership and other personnel, or otherwise prevent new products from being developed or commercialized in a timely manner, which could negatively impact our business.
  • It is difficult and costly to generate and protect our intellectual property and our proprietary technologies, and we may not be able to ensure their protection.
  • If we are sued for infringing intellectual property rights of third parties, it will be costly and time consuming, and an unfavorable outcome in that litigation would have a material adverse effect on our business.
  • The price of our common stock may be volatile, and an investment in our common stock could decline substantially in value.
  • Anti-takeover provisions under our charter documents and Delaware law could delay or prevent a change of control which could limit the market price of our common stock.
  • We have never paid cash dividends on our common stock and we do not anticipate paying dividends in the foreseeable future.
Management Discussion
  • Revenue. We had total revenue of $867,000 and $3.8 million for the three and nine months ended September 30, 2019, respectively, as compared to $2.0 million and $28.0 million for the three and nine months ended September 30, 2018, respectively. Revenue primarily consisted of revenues under collaborative research and development arrangements, including arrangements with affiliated entities, for each of the three and nine months ended September 30, 2019 and 2018. The decrease for the three-month period year over year was primarily due to a decrease in manufacturing services under the AstraZeneca collaboration. The decrease for the nine-month period year over year was primarily due to the recognition of a one-time up-front payment of $23.0 million from our collaborator ApolloBio during the second quarter of 2018.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: Carlo, dollar, engineering, instrument, lab, Monte, reassessed, remeasured, simulation
Removed: carryover, dropped, recording

Patents

APP
Utility
Method and Device for Minimally Invasive In Vivo Transfection of Adipose Tissue Using Electroporation
16 Jan 20
A method and device for electroporating adipocytes in the adipose layer of tissue, where the device includes a frame, a first electrode coupled to the frame having a first contact surface, a second electrode coupled to the frame having a second contact surface, and where the first contact surf ace and the second contact surface define a treatment zone therebetween.
APP
Utility
Foot and Mouth Disease Virus (FMDV) Consensus Proteins, Coding Sequences Therefor and Vaccines Made Therefrom
16 Jan 20
Provided herein is a nucleic acid comprising consensus amino acid sequence of foot-and-mouth disease FMDV VP1-4 coat proteins of FMDV subtypes A, Asia 1, C, O, SAT1, SAT2, and SAT3 as well as plasmids and vaccines expressing the sequences.
APP
Utility
Electroporation Device and Injection Apparatus
21 Nov 19
An apparatus is provided for injecting a fluid into body tissue, the apparatus comprising: a hollow needle; and fluid delivery means, wherein the apparatus is adapted to actuate the fluid delivery means in use so as to automatically inject fluid into body tissue during insertion of the needle into the said body tissue.
APP
Utility
Synthetic Malaria Immunogens, Combinations Thereof, and Their Use to Prevent and Treat Malaria Infections
10 Oct 19
Provided herein are sequences of Plasmodium spp. liver stage exported proteins as well as expression constructs expressing the sequences.