Cost of Revenue: Key Insights for Iovance Biotherapeutics, Inc. and Celldex Therapeutics, Inc.

Biotech Cost Trends: Iovance vs. Celldex

__timestampCelldex Therapeutics, Inc.Iovance Biotherapeutics, Inc.
Wednesday, January 1, 20141018810009335772
Thursday, January 1, 20154011000999000
Friday, January 1, 2016102026000978000
Sunday, January 1, 201796171000952000
Monday, January 1, 201866449000956000
Tuesday, January 1, 2019426720008122999
Wednesday, January 1, 2020425340008712000
Friday, January 1, 2021306800013980000
Saturday, January 1, 2022140000021135000
Sunday, January 1, 2023300800010755000
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Unleashing insights

Cost of Revenue Trends: A Tale of Two Biotech Innovators

In the dynamic world of biotechnology, understanding cost structures is crucial for evaluating company performance. This analysis delves into the cost of revenue trends for Iovance Biotherapeutics, Inc. and Celldex Therapeutics, Inc. from 2014 to 2023.

Celldex Therapeutics, Inc.

Celldex's cost of revenue has seen significant fluctuations, peaking in 2014 and 2016 with over $100 million, before plummeting to just $1.4 million in 2022. This represents a dramatic 99% decrease, highlighting potential shifts in operational strategy or market conditions.

Iovance Biotherapeutics, Inc.

Conversely, Iovance's cost of revenue has shown a more stable trajectory, with a notable increase from $952,000 in 2017 to over $21 million in 2022, marking a substantial growth of over 2,000%. This suggests a strategic expansion or increased production capacity.

These insights provide a window into the financial strategies of these biotech firms, reflecting broader industry trends and company-specific developments.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025