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Aquestive Therapeutics, Inc. operates as a pharmaceutical company in the United States and internationally. It offers Libervant, a buccal soluble film formulation of diazepam for the treatment of seizures; Suboxone, a sublingual film formulation of buprenorphine and naloxone for the treatment of opioid dependence; EMYLIF, an oral film formulation of riluzole; ONDIF, an oral soluble film formulation of ondansetron; SYMPAZAN, an oral soluble film formulation of clobazam used for the treatment of seizures associated with a rare, intractable form of epilepsy; KYNMOBI, a sublingual film formulation of apomorphine; and AZSTARYS, an fda-approved, once-daily product for the treatment of ADHD in patients age 6 years or older. The company's proprietary pipeline products include Anaphylm, an epinephrine sublingual film, which is in phase 3 clinical trial for the emergency treatment of allergic reactions, including anaphylaxis; and AQST-108, a topical gel that is in phase 2 clinical trial for the treatment of alopecia areata. In addition, it develops PharmFilm technology for patients suffering from certain central nervous system disorders; and Adrenaverse, an epinephrine prodrug platform. The company was incorporated in 2004 and is headquartered in Warren, New Jersey.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Aquestive Therapeutics develops and commercializes proprietary thin oral-film drug-delivery technologies intended to deliver approved and investigational medications across CNS and other therapeutic areas. Long-term growth may be supported by broader adoption of its oral-film platform through product approvals, licensing partnerships and pipeline expansion, and investors may find the company attractive for its differentiated delivery technology and potential recurring prescription revenues.
Major risks include regulatory or clinical setbacks, reliance on a limited number of marketed products, reimbursement and commercial execution challenges, competition from alternative delivery formats, and the potential need for additional financing.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -83.78M | -44.15M | -7.62M | -54.41M | -70.54M |
| Net income | -83.78M | -44.14M | -7.87M | -60.20M | -90.04M |
| Selling general administrative | 79.85M | 50.18M | 31.75M | 52.88M | 53.48M |
| Gross profit | 25.99M | 39.69M | 29.75M | 28.29M | 35.84M |
| Reconciled depreciation | 0.55M | 0.72M | 1.34M | 2.39M | 2.96M |
| Ebit | -71.05M | -27.33M | -0.16M | -42.07M | -34.68M |
| Ebitda | -70.49M | -26.62M | 1.18M | -41.97M | -34.26M |
| Depreciation and amortization | 0.56M | 0.72M | 1.34M | 0.10M | 0.42M |
| Non operating income net other | - | - | - | - | -13.40M |
| Operating income | -71.05M | -30.77M | -15.10M | -42.07M | -34.68M |
| Other operating expenses | 115.60M | 88.33M | 65.69M | 89.75M | 85.51M |
| Interest expense | 17.10M | 16.82M | 7.46M | 12.44M | 22.46M |
| Tax provision | 0.00M | -0.01M | 0.24M | 0.00M | 0.00M |
| Interest income | 4.37M | 3.44M | 16.32M | 0.10M | 0.42M |
| Net interest income | -12.73M | -13.38M | 8.86M | -12.34M | -22.04M |
| Income tax expense | - | -0.01M | 0.24M | 5.79M | 19.50M |
| Total revenue | 44.55M | 57.56M | 50.58M | 47.68M | 50.83M |
| Total operating expenses | 97.04M | 70.46M | 44.85M | 70.36M | 70.52M |
| Cost of revenue | 18.55M | 17.87M | 20.83M | 19.39M | 14.99M |
| Total other income expense net | -12.73M | -13.38M | 7.48M | -12.34M | -35.86M |
| Net income from continuing ops | -83.78M | -44.14M | -7.87M | -54.41M | -70.54M |
| Net income applicable to common shares | - | - | - | -54.41M | -70.54M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 160.43M | 101.42M | 57.42M | 55.67M | 61.99M |
| Intangible assets | - | - | 1.28M | 1.44M | 0.05M |
| Other current assets | 4.17M | 3.29M | 1.85M | 2.13M | 3.08M |
| Total liab | 194.09M | 161.58M | 163.91M | 174.23M | 144.13M |
| Total stockholder equity | -33.66M | -60.16M | -106.49M | -118.55M | -82.13M |
| Other current liab | 5.03M | 6.63M | 5.48M | 9.11M | 9.96M |
| Common stock | 0.12M | 0.09M | 0.07M | 0.06M | 0.04M |
| Capital stock | 0.12M | 0.09M | 0.07M | 0.06M | 0.04M |
| Retained earnings | -447.00M | -363.21M | -319.08M | -311.21M | -256.80M |
| Other liab | - | - | - | 97.56M | 68.67M |
| Other assets | - | - | 0.00M | 6.45M | 6.90M |
| Cash | 121.17M | 71.55M | 23.87M | 27.27M | 28.02M |
| Total current liabilities | 47.61M | 18.86M | 18.31M | 39.68M | 21.96M |
| Current deferred revenue | 1.09M | 1.05M | 1.55M | 1.51M | 0.77M |
| Net debt | 10.28M | -33.54M | 74.95M | 28.82M | 28.40M |
| Short term debt | 11.62M | 0.54M | 2.35M | 19.11M | 2.92M |
| Short long term debt | 9.99M | 0.03M | 0.02M | 18.70M | 2.02M |
| Short long term debt total | 131.44M | 38.00M | 98.82M | 56.09M | 56.42M |
| Other stockholder equity | 413.21M | 302.97M | 212.52M | 192.60M | 174.62M |
| Property plant equipment | - | - | - | 7.90M | 5.05M |
| Total current assets | 149.27M | 88.22M | 40.97M | 39.89M | 47.26M |
| Net tangible assets | - | - | - | -119.99M | -82.19M |
| Net receivables | 17.76M | 7.34M | 8.47M | 4.70M | 12.12M |
| Long term debt | 27.52M | 32.50M | 27.51M | 33.45M | 51.55M |
| Inventory | 6.17M | 6.04M | 6.77M | 5.78M | 4.04M |
| Accounts payable | 29.86M | 10.29M | 8.93M | 9.95M | 8.31M |
| Common stock total equity | - | - | - | - | 0.04M |
| Retained earnings total equity | - | - | - | - | -256.80M |
| Non currrent assets other | 0.64M | 1.22M | 1.44M | 6.45M | 6.90M |
| Non current assets total | 11.16M | 13.20M | 16.45M | 15.79M | 14.73M |
| Capital lease obligations | 4.97M | 5.48M | 5.79M | 3.94M | 2.85M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -0.16M | -0.99M | -2.52M | -0.91M |
| Change to liabilities | - | - | - | 1.63M | 3.94M |
| Total cashflows from investing activities | -0.56M | -0.16M | -0.99M | - | -0.91M |
| Net borrowings | -0.03M | -0.02M | -22.49M | - | - |
| Total cash from financing activities | 102.62M | 83.59M | 3.97M | 11.56M | 30.11M |
| Change to operating activities | - | - | - | -0.28M | 1.26M |
| Net income | -83.78M | -44.14M | -7.87M | -54.41M | -70.54M |
| Change in cash | 49.62M | 47.67M | -3.40M | -0.75M | -3.78M |
| Begin period cash flow | 71.55M | 23.87M | 27.27M | 28.02M | 31.81M |
| End period cash flow | 121.17M | 71.55M | 23.87M | 27.27M | 28.02M |
| Total cash from operating activities | -52.43M | -35.76M | -6.38M | -9.79M | -32.98M |
| Issuance of capital stock | 100.65M | 83.76M | 8.91M | 13.56M | 29.78M |
| Depreciation | 0.55M | 0.72M | 1.34M | 2.39M | 2.96M |
| Change to inventory | -0.13M | 0.72M | -0.99M | -1.74M | -1.58M |
| Change to account receivables | -10.37M | 1.09M | -3.07M | - | -4.94M |
| Sale purchase of stock | - | - | -0.01M | - | 30.12M |
| Other cashflows from financing activities | -0.81M | -0.14M | 15.45M | 0.03M | 0.33M |
| Change to netincome | - | - | - | - | 20.34M |
| Capital expenditures | 0.56M | 0.16M | 0.99M | 2.52M | 0.91M |
| Change receivables | - | - | - | - | -5.35M |
| Cash flows other operating | - | - | - | - | 13.51M |
| Cash and cash equivalents changes | - | - | - | - | -3.78M |
| Change in working capital | 12.18M | -9.96M | -5.34M | 32.01M | -1.73M |
| Stock based compensation | 7.62M | 7.10M | 2.69M | 4.38M | 6.82M |
| Other non cash items | 11.00M | 10.52M | 2.80M | 5.85M | 15.69M |
| Free cash flow | -52.99M | -35.92M | -7.38M | -12.31M | -33.89M |
Sector: Healthcare Industry: Drug Manufacturers - Specialty & Generic
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| AQST Aquestive Therapeutics Inc |
-0.09 2.37% |
3.50 | - | - | 11.89 | 14.15 | 9.85 | -1.81 |
| MKKGY Merck KGaA ADR |
-0.74 2.19% |
33.06 | 21.25 | 14.93 | 3.10 | 2.14 | 3.60 | 12.98 |
| MKGAF MERCK Kommanditgesellschaft auf Aktien |
- -% |
170.05 | 24.86 | 15.11 | 3.13 | 1.98 | 3.08 | 18.89 |
| TAK Takeda Pharmaceutical Co Ltd ADR |
0.34 1.66% |
21.18 | - | 10.96 | 0.01 | 1.20 | 2.94 | 23.11 |
| TKPHF Takeda Pharmaceutical Co. Ltd. |
- -% |
41.72 | - | 10.66 | 0.01 | 1.16 | 2.94 | 23.11 |
Aquestive Therapeutics, Inc. operates as a pharmaceutical company in the United States and internationally. It offers Libervant, a buccal soluble film formulation of diazepam for the treatment of seizures; Suboxone, a sublingual film formulation of buprenorphine and naloxone for the treatment of opioid dependence; EMYLIF, an oral film formulation of riluzole; ONDIF, an oral soluble film formulation of ondansetron; SYMPAZAN, an oral soluble film formulation of clobazam used for the treatment of seizures associated with a rare, intractable form of epilepsy; KYNMOBI, a sublingual film formulation of apomorphine; and AZSTARYS, an fda-approved, once-daily product for the treatment of ADHD in patients age 6 years or older. The company's proprietary pipeline products include Anaphylm, an epinephrine sublingual film, which is in phase 3 clinical trial for the emergency treatment of allergic reactions, including anaphylaxis; and AQST-108, a topical gel that is in phase 2 clinical trial for the treatment of alopecia areata. In addition, it develops PharmFilm technology for patients suffering from certain central nervous system disorders; and Adrenaverse, an epinephrine prodrug platform. The company was incorporated in 2004 and is headquartered in Warren, New Jersey.
| Name | Title | Year Born |
|---|---|---|
| Mr. Daniel Barber | CEO, Pres & Director | 1976 |
| Mr. A. Ernest Toth Jr. | Sr. VP & CFO | 1959 |
| Mr. Keith J. Kendall | Consultant | 1958 |
| Mr. Alexander Mark Schobel | Chief Innovation & Technology Officer | 1959 |
| Ms. Lori J. Braender BSBA, Esq., J.D. | Sr. VP & Gen. Counsel | 1956 |
| Dr. Eric Dadey Ph.D. | Sr. Vice-Pres of R&D | NA |
| Mr. Peter E. Boyd | Sr. VP of Clinical Operations & Information Technology | 1965 |
| Mr. Kenneth W. Marshall | Sr. VP & Chief Commercial Officer | 1959 |
| Dr. Kenneth Truitt M.D. | Chief Medical Officer | NA |
| Mr. Robert Charles Arnold | VP of Fin., Controller & Assistant Sec. | NA |
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