Cost Management Insights: SG&A Expenses for Opthea Limited and Ligand Pharmaceuticals Incorporated

SG&A Expenses: Opthea's Rapid Rise vs. Ligand's Steady Growth

__timestampLigand Pharmaceuticals IncorporatedOpthea Limited
Wednesday, January 1, 2014225700002652041
Thursday, January 1, 2015243780002361587
Friday, January 1, 2016266210004472869
Sunday, January 1, 2017286530005030957
Monday, January 1, 2018377340004988941
Tuesday, January 1, 2019418840005196412
Wednesday, January 1, 2020644350006652774
Friday, January 1, 20215748300018418247
Saturday, January 1, 20227006200024827066
Sunday, January 1, 20235279000041896408
Monday, January 1, 202415488619
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Cracking the code

Navigating SG&A Expenses: Opthea vs. Ligand Pharmaceuticals

In the competitive landscape of pharmaceuticals, effective cost management is crucial. Over the past decade, Ligand Pharmaceuticals Incorporated has consistently outpaced Opthea Limited in managing Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Ligand's SG&A expenses grew by approximately 133%, peaking in 2022. In contrast, Opthea's expenses surged by over 1,500% during the same period, reflecting its aggressive expansion strategy.

Key Insights

  • Ligand Pharmaceuticals: Despite fluctuations, Ligand maintained a steady increase in SG&A expenses, with a notable spike in 2022, reaching its highest at 70 million USD.
  • Opthea Limited: Opthea's expenses saw a dramatic rise, especially from 2020 onwards, culminating in a 2023 peak of 42 million USD.

This data underscores the contrasting strategies of these companies, with Ligand focusing on steady growth and Opthea on rapid expansion.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025