SG&A Efficiency Analysis: Comparing Cytokinetics, Incorporated and Axsome Therapeutics, Inc.

Biotech SG&A Trends: Axsome vs. Cytokinetics

__timestampAxsome Therapeutics, Inc.Cytokinetics, Incorporated
Wednesday, January 1, 2014139283017268000
Thursday, January 1, 2015241928919667000
Friday, January 1, 2016634364827823000
Sunday, January 1, 2017720669136468000
Monday, January 1, 2018935152231282000
Tuesday, January 1, 20191359803039610000
Wednesday, January 1, 20202889674952820000
Friday, January 1, 20216664620596803000
Saturday, January 1, 2022159253661177977000
Sunday, January 1, 2023323123000173612000
Monday, January 1, 2024411359000
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Unleashing insights

SG&A Efficiency: A Tale of Two Biotechs

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. Over the past decade, Cytokinetics, Incorporated and Axsome Therapeutics, Inc. have demonstrated contrasting trends in their SG&A efficiency.

A Decade of Change

From 2014 to 2023, Axsome Therapeutics saw a staggering increase in SG&A expenses, growing by over 23,000% from 1.4 million to 323 million. This reflects their aggressive expansion and investment in administrative capabilities. In contrast, Cytokinetics experienced a more moderate increase of around 900%, reaching 174 million in 2023.

Strategic Implications

While Axsome's rapid growth in expenses may indicate a robust expansion strategy, Cytokinetics' steadier rise suggests a more controlled approach. Investors and stakeholders should consider these trends when evaluating the companies' long-term strategic positions.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025