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Lifecore Biomedical, Inc., together with its subsidiaries, operates as an integrated contract development and manufacturing organization in the United States and internationally. The company engages in the manufacturing of pharmaceutical-grade sodium hyaluronate (HA) in bulk form, as well as formulated and filled syringes and vials for injectable products used in treating a range of medical conditions and procedures. It also provides services, such as technology development, material component changes, analytical method development, formulation development, pilot studies, stability studies, process validation, and production of materials for clinical studies to its partners for HA-based and non-HA based aseptically formulated and filled products. The company was formerly known as Landec Corporation and changed its name to Lifecore Biomedical, Inc. in November 2022. Lifecore Biomedical, Inc. was founded in 1965 and is headquartered in Chaska, Minnesota.
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Lifecore Biomedical makes hyaluronic acid-based medical products and provides contract development and manufacturing services for sterile injectables and viscoelastic solutions used in ophthalmology, orthopedics and aesthetics. Long-term growth may be supported by rising demand for biopharma CDMO capacity, aging-population-driven ophthalmic procedures and expansion of aesthetic treatments. Investors may find the company attractive for its specialized HA expertise and diversified revenue between proprietary products and manufacturing services.
Material risks include regulatory and manufacturing execution exposure, competitive pressures in CDMO and aesthetics, and customer concentration that could cause revenue volatility.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
| Income before tax | -51.92M | -52.12M | -40.47M | -51.31M | 3.64M |
| Minority interest | - | - | - | 0.00M | 0.00M |
| Net income | -46.08M | -97.43M | -32.66M | -38.19M | 2.12M |
| Selling general administrative | 43.02M | 46.13M | 65.36M | 72.19M | 64.06M |
| Gross profit | 50.55M | 50.37M | 81.47M | 74.99M | 81.00M |
| Reconciled depreciation | 13.51M | 17.88M | 19.87M | 18.84M | 15.23M |
| Ebit | 3.46M | -85.91M | -6.86M | -8.30M | -8.01M |
| Ebitda | 21.25M | -68.03M | 13.00M | -12.59M | 7.22M |
| Depreciation and amortization | 17.79M | 17.88M | 19.87M | -4.29M | 15.23M |
| Operating income | 3.46M | -3.60M | -6.86M | -8.30M | -8.01M |
| Other operating expenses | 185.71M | 189.38M | 538.27M | 598.66M | 552.08M |
| Interest expense | 17.26M | 17.36M | 15.34M | 9.60M | 5.23M |
| Tax provision | 0.30M | -5.84M | -7.80M | -13.12M | 1.52M |
| Interest income | 0.07M | 0.08M | 0.05M | 0.10M | 0.14M |
| Net interest income | -18.12M | -17.28M | -15.30M | -9.50M | -5.08M |
| Income tax expense | -5.84M | -5.84M | -7.80M | -13.12M | 1.52M |
| Total revenue | 185.79M | 185.79M | 544.16M | 590.37M | 557.56M |
| Total operating expenses | 50.47M | 53.97M | 75.59M | 83.29M | 75.53M |
| Cost of revenue | 135.23M | 135.42M | 462.69M | 515.38M | 476.56M |
| Total other income expense net | -55.38M | -48.52M | -33.60M | -43.01M | 11.65M |
| Discontinued operations | -33.19M | -51.16M | -23.10M | -16.32M | -1.71M |
| Net income from continuing ops | -69.00M | -46.28M | -32.66M | -38.19M | 2.12M |
| Net income applicable to common shares | -102.19M | -97.43M | -32.66M | -38.19M | 0.41M |
| Breakdown | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
| Total assets | 295.44M | 295.16M | 502.92M | 541.31M | 519.09M |
| Intangible assets | 15.55M | 15.55M | 36.12M | 38.10M | 45.25M |
| Other current assets | 7.05M | 7.05M | 7.35M | 14.23M | 8.26M |
| Total liab | 187.30M | 187.22M | 300.14M | 310.27M | 248.95M |
| Total stockholder equity | 108.14M | 107.94M | 202.78M | 231.04M | 270.14M |
| Other current liab | 17.06M | 16.89M | 20.30M | 19.01M | 20.83M |
| Common stock | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M |
| Capital stock | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M |
| Retained earnings | -58.66M | -58.85M | 38.58M | 71.25M | 109.71M |
| Other liab | 3.49M | 0.42M | 11.26M | 14.56M | 20.65M |
| Good will | 13.88M | 13.88M | 69.39M | 69.39M | 76.74M |
| Other assets | 3.21M | 3.00M | 157.67M | 2.16M | 2.29M |
| Cash | 1.64M | 1.64M | 1.29M | 0.36M | 1.08M |
| Total current liabilities | 79.41M | 79.23M | 101.89M | 164.39M | 137.09M |
| Current deferred revenue | 0.92M | 0.92M | 1.13M | 0.35M | 0.50M |
| Net debt | 151.45M | 151.54M | 220.11M | 220.76M | 151.44M |
| Short term debt | 45.62M | 45.62M | 32.89M | 93.38M | 61.79M |
| Short long term debt | 0.49M | 40.60M | 29.00M | 88.95M | 61.79M |
| Short long term debt total | 153.09M | 153.19M | 221.40M | 221.12M | 152.52M |
| Other stockholder equity | 167.35M | 167.35M | 165.53M | 162.58M | 160.34M |
| Property plant equipment | 134.59M | 139.01M | 137.38M | 217.66M | 200.03M |
| Total current assets | 123.99M | 123.71M | 148.32M | 157.11M | 133.04M |
| Long term investments | - | - | 45.10M | 56.90M | 61.10M |
| Net tangible assets | -19.92M | 78.51M | 143.24M | 123.55M | 148.16M |
| Net receivables | 48.33M | 48.17M | 70.01M | 76.21M | 69.56M |
| Long term debt | 101.27M | 97.58M | 164.90M | 101.36M | 87.19M |
| Inventory | 66.97M | 66.84M | 69.66M | 66.31M | 54.13M |
| Accounts payable | 15.80M | 15.80M | 47.57M | 51.65M | 53.97M |
| Accumulated other comprehensive income | -0.59M | -0.59M | -1.36M | -2.81M | 0.06M |
| Non currrent assets other | 3.00M | 3.00M | 3.61M | 2.16M | 2.93M |
| Non current assets total | 171.45M | 171.45M | 354.60M | 384.21M | 386.05M |
| Capital lease obligations | 10.98M | 15.01M | 27.50M | 30.80M | 3.53M |
| Breakdown | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
| Investments | -4.15M | 45.10M | 45.10M | 45.10M | 7.00M |
| Change to liabilities | 19.22M | 9.32M | -5.20M | -1.40M | 16.74M |
| Total cashflows from investing activities | -4.15M | 81.77M | -10.86M | -23.89M | -96.80M |
| Net borrowings | 19.40M | -55.41M | 7.47M | 41.77M | 79.91M |
| Total cash from financing activities | -57.02M | -57.02M | -3.42M | 40.02M | 79.03M |
| Change to operating activities | 4.48M | -3.83M | 11.67M | -7.45M | 1.87M |
| Net income | -97.24M | -97.43M | -32.66M | -38.19M | 0.41M |
| Change in cash | 0.35M | 0.35M | 0.74M | -0.91M | -1.75M |
| Begin period cash flow | 1.29M | 1.29M | 0.55M | 1.47M | 3.22M |
| End period cash flow | 1.64M | 1.64M | 1.29M | 0.55M | 1.47M |
| Total cash from operating activities | -24.40M | -24.40M | 15.02M | -17.04M | 16.02M |
| Issuance of capital stock | 42.90M | 0.00M | 0.00M | 0.03M | 0.33M |
| Depreciation | 17.79M | 17.88M | 19.87M | 18.84M | 15.23M |
| Other cashflows from investing activities | 13.47M | -9.84M | -9.84M | 0.36M | 0.55M |
| Change to inventory | -6.08M | -5.96M | -3.35M | -12.18M | -10.93M |
| Change to account receivables | -6.29M | -6.14M | 5.78M | -6.64M | -8.86M |
| Other cashflows from financing activities | 73.50M | 73.50M | 259.11M | 145.01M | 117.79M |
| Change to netincome | 32.15M | 61.75M | 18.93M | 29.69M | 1.98M |
| Capital expenditures | 28.13M | 28.13M | 23.77M | 26.69M | 44.73M |
| Change in working capital | -6.70M | -6.60M | 8.89M | -27.66M | -1.18M |
| Stock based compensation | 2.61M | 2.61M | 3.36M | 2.42M | 3.56M |
| Other non cash items | 66.03M | 66.03M | 23.46M | 32.99M | -2.91M |
| Free cash flow | -52.53M | -52.53M | -8.75M | -43.73M | -28.71M |
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) |
|---|---|---|---|---|---|---|---|---|
| LFCR Lifecore Biomedical Inc. |
0.03 0.47% |
6.40 | - | 10.45 | 1.79 | 1.57 | 2.70 | -8.45 |
| MKKGY Merck KGaA ADR |
0.13 0.39% |
33.80 | 21.25 | 14.93 | 3.10 | 2.14 | 3.60 | 12.98 |
| MKGAF MERCK Kommanditgesellschaft auf Aktien |
- -% |
169.12 | 24.86 | 15.11 | 3.13 | 1.98 | 3.08 | 18.89 |
| TAK Takeda Pharmaceutical Co Ltd ADR |
- -% |
20.84 | - | 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 |
Lifecore Biomedical, Inc., together with its subsidiaries, operates as an integrated contract development and manufacturing organization in the United States and internationally. The company engages in the manufacturing of pharmaceutical-grade sodium hyaluronate (HA) in bulk form, as well as formulated and filled syringes and vials for injectable products used in treating a range of medical conditions and procedures. It also provides services, such as technology development, material component changes, analytical method development, formulation development, pilot studies, stability studies, process validation, and production of materials for clinical studies to its partners for HA-based and non-HA based aseptically formulated and filled products. The company was formerly known as Landec Corporation and changed its name to Lifecore Biomedical, Inc. in November 2022. Lifecore Biomedical, Inc. was founded in 1965 and is headquartered in Chaska, Minnesota.
| Name | Title | Year Born |
|---|---|---|
| Mr. James G. Hall | CEO, Pres & Director | 1963 |
| Mr. John D. Morberg | CFO & Sec. | 1964 |
| Dr. Albert D. Bolles Ph.D. | Pres of Curation Foods, Inc. | 1958 |
| Mr. Aaron Perlitsh | Director of Internal Audit & Chief Compliance Officer | NA |
| Mr. Parker K. Javid | VP | 1969 |
| Dr. Kipling Thacker Ph.D. | VP & Chief Scientist | 1955 |
| Mr. James G. Hall | CEO, President & Director | 1963 |
| Mr. John D. Morberg | Executive VP & CFO | 1964 |
| Dr. Albert D. Bolles Ph.D. | President of Curation Foods, Inc. | 1958 |
| Mr. Steve W. Laninga | Vice President of Operations | NA |
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