Corcept Therapeutics Incorporated or ImmunityBio, Inc.: Who Manages SG&A Costs Better?

Biotech Giants: SG&A Cost Management Showdown

__timestampCorcept Therapeutics IncorporatedImmunityBio, Inc.
Wednesday, January 1, 2014349160004326000
Thursday, January 1, 201536949000226206000
Friday, January 1, 20164524000094391000
Sunday, January 1, 20176241600053821000
Monday, January 1, 20188128900035463000
Tuesday, January 1, 201910035900046456000
Wednesday, January 1, 202010532600071318000
Friday, January 1, 2021122356000135256000
Saturday, January 1, 2022152848000102708000
Sunday, January 1, 2023184259000129620000
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Managing SG&A Costs: A Tale of Two Biotech Companies

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. Corcept Therapeutics Incorporated and ImmunityBio, Inc. have shown distinct approaches over the past decade. From 2014 to 2023, Corcept Therapeutics consistently increased its SG&A expenses, peaking at approximately 184 million in 2023, a fivefold increase from 2014. This steady rise reflects their strategic investment in growth and expansion.

Conversely, ImmunityBio, Inc. exhibited more volatility. Their SG&A expenses spiked dramatically in 2015, reaching over 226 million, before stabilizing around 130 million in recent years. This fluctuation suggests a more reactive approach to market conditions.

While both companies have seen significant changes, Corcept's consistent growth in SG&A expenses may indicate a more controlled and strategic management style, potentially positioning them better for long-term sustainability.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025