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OTLC Oncotelic Therapeutics

Mateon Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in the research and development investigational drugs for the treatment of orphan oncology indications. Its product pipeline includes CA4P and OXi4503. The company was founded in 1988 and is headquartered in Agoura Hills, CA.

Company profile

Ticker
OTLC, MATN
Exchange
Website
CEO
Vuong Trieu
Employees
Incorporated
Location
Fiscal year end
Former names
MATEON THERAPEUTICS INC, OXIGENE INC
SEC CIK
IRS number
133679168

OTLC stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 Apr 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 494.02K 494.02K 494.02K 494.02K 494.02K 494.02K
Cash burn (monthly) 296.06K (positive/no burn) 1.11M 631.92K 495.89K 234.33K
Cash used (since last report) 1.06M n/a 3.96M 2.25M 1.77M 835.66K
Cash remaining -561.75K n/a -3.47M -1.76M -1.27M -341.64K
Runway (months of cash) -1.9 n/a -3.1 -2.8 -2.6 -1.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Nov 20 Amit B. Shah Common Stock Buy Aquire P No No 0.19 8,220 1.56K 60,000
23 Nov 20 Amit B. Shah Common Stock Buy Aquire P No No 0.19 20,088 3.82K 51,780
20 Nov 20 Amit B. Shah Common Stock Buy Aquire P No No 0.195 31,692 6.18K 31,692
19 Nov 20 Trieu Vuong Common Stock Buy Aquire P No No 0.19 50,500 9.6K 15,812,308
19 Nov 20 Park Chulho Common Stock Buy Aquire P No No 0.1848 22,173 4.1K 2,833,992

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 0 NEW
Opened positions 1 0 NEW
Closed positions 0 1 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 6K 0 NEW
Total shares 35.72K 0 NEW
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
IFP Advisors 35.72K $6K NEW
Largest transactions
Shares Bought/sold Change
IFP Advisors 35.72K +35.72K NEW

Financial report summary

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Management Discussion
  • A comparison of the Company’s operating results for the year ended December 31, 2019 and 2018, respectively, is as follows.
  • We recorded a net loss of approximately $10.0 million for the year ended December 31, 2020, compared to a net loss of approximately $6.6 million for the same period in 2019. The increased loss of approximately $3.3 million for the year ended December 31, 2020 as compared to the same period of 2019 was primarily due to approximately $5.0 million of higher operational expenses related to the Company, $1.2 million primarily related to interest expense, including amortization of normal and accelerated debt costs related to the debt raised by the company in 2019 and 2020, a loss of $0.3 million of loss on non-cash conversion of debt and recording a higher non-cash loss on conversion of value of derivatives of $0.2 million; partially offset by the recording revenue of approximately $1.7 million and lower write off of long term investment of $1.7 million that we incurred during 2019. The financial information presented includes very nominal expenses for PointR operations for the year ended December 31, 2019.
  • We recorded services revenue of $1.7 million during the year ended December 31, 2020 as compared to no revenues during the same period ended in 2019. The services revenue of $1.2 million was recorded from services provided to GMP in connection with the development of OT-101 for COVID-19 and included reimbursement of costs incurred of approximately $41 thousand. We also recorded $0.5 million of revenues from ATB upon the successful completion of the in-vivo efficacy studies based on the ATB Agreement.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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