Analyzing Cost of Revenue: Celldex Therapeutics, Inc. and Viridian Therapeutics, Inc.

Biotech Cost Trends: Celldex vs. Viridian

__timestampCelldex Therapeutics, Inc.Viridian Therapeutics, Inc.
Wednesday, January 1, 20141018810003243000
Thursday, January 1, 201540110002472000
Friday, January 1, 20161020260002548000
Sunday, January 1, 20179617100019623000
Monday, January 1, 20186644900030421000
Tuesday, January 1, 20194267200032793999
Wednesday, January 1, 20204253400028304000
Friday, January 1, 20213068000620000
Saturday, January 1, 20221400000755000
Sunday, January 1, 202330080001322000
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Cracking the code

Analyzing Cost of Revenue: A Tale of Two Biotech Firms

In the dynamic world of biotechnology, understanding financial health is crucial. Celldex Therapeutics, Inc. and Viridian Therapeutics, Inc. offer a fascinating study in contrasts over the past decade. From 2014 to 2023, Celldex's cost of revenue fluctuated significantly, peaking in 2016 with a staggering 102 million, before plummeting to just 1.4 million in 2022. This represents a dramatic 99% decrease, highlighting the volatility in their operational costs. Meanwhile, Viridian's cost of revenue, though lower, showed a more stable trajectory, with a notable peak in 2019 at 32.8 million. By 2023, both companies had reduced their costs, with Viridian's expenses dropping by 96% from its peak. This data underscores the unpredictable nature of biotech investments and the importance of strategic financial management.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025