Aptorum Group Limited Reports 2020 Fiscal Year End Financial Results and Provides Business Update
Mr.
Clinical Pipeline Update and Upcoming Milestones
In
In
In
Corporate Highlights
On
On
In
On
Full year 2020 research and development expenses of
Fiscal Year End Financial Results
Research and development expenses were
General and administrative fees were
Legal and professional fees were
In addition,
About
For more information about the Company, please visit www.aptorumgroup.com.
Disclaimer and Forward-Looking Statements
This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of
This press release includes statements concerning
As a result, the projections included in such forward-looking statements are subject to change and actual results may differ materially from those described herein.
This announcement is not a prospectus within the meaning of the Regulation (EU) n°2017/1129 of
This press release is provided “as is” without any representation or warranty of any kind.
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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) |
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For Years Ended |
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(Stated in |
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Year Ended
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Year Ended
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Revenue |
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Healthcare services income |
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$ |
911,509 |
|
|
$ |
535,166 |
|
|
|
|
|
|
|
|
|
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Operating expenses |
|
|
|
|
|
|
|
|
Cost of healthcare services |
|
|
(1,015,023 |
) |
|
|
(794,545 |
) |
Research and development expenses |
|
|
(11,586,923 |
) |
|
|
(6,939,051 |
) |
General and administrative fees |
|
|
(4,853,488 |
) |
|
|
(7,373,425 |
) |
Legal and professional fees |
|
|
(2,854,225 |
) |
|
|
(3,405,705 |
) |
Other operating expenses |
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|
(877,391 |
) |
|
|
(220,891 |
) |
Total operating expenses |
|
|
(21,187,050 |
) |
|
|
(18,733,617 |
) |
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|
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|
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Other income (loss), net |
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Gain (loss) on investments in marketable securities, net |
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25,241,556 |
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(81,839 |
) |
Gain on non-marketable investments |
|
|
- |
|
|
|
1,147,190 |
|
(Loss) gain on investments in derivatives, net |
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(199,031 |
) |
|
|
87,599 |
|
Gain on use of digital currencies |
|
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- |
|
|
|
46,717 |
|
Gain on extinguishment of convertible debts |
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- |
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|
1,198,490 |
|
Changes in fair value of warrant liabilities |
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|
- |
|
|
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(866,300 |
) |
Interest expense, net |
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(243,628 |
) |
|
|
(3,699,672 |
) |
Rental income |
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|
30,894 |
|
|
|
16,868 |
|
Sundry income |
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|
365,917 |
|
|
|
232,460 |
|
Total other income (loss), net |
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25,195,708 |
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(1,918,487 |
) |
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Net income (loss) |
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4,920,167 |
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(20,116,938 |
) |
Net loss attributable to non-controlling interests |
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2,146,687 |
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|
|
1,430,176 |
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Deemed dividend related to warrants down round provision |
|
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(755,514 |
) |
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|
- |
|
|
|
|
|
|
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Net income (loss) attributable to |
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$ |
6,311,340 |
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|
$ |
(18,686,762 |
) |
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|
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Net income (loss) per share attributable to |
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- Basic |
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$ |
0.20 |
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$ |
(0.64 |
) |
- Diluted |
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$ |
0.20 |
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$ |
(0.64 |
) |
Weighted-average shares outstanding |
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- Basic |
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31,135,882 |
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29,008,445 |
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- Diluted |
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31,534,473 |
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29,008,445 |
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Net income (loss) |
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$ |
4,920,167 |
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$ |
(20,116,938 |
) |
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Other comprehensive income (loss) |
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Exchange differences on translation of foreign operations |
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58,848 |
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|
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(10,897 |
) |
Other comprehensive income (loss) |
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|
58,848 |
|
|
|
(10,897 |
) |
|
|
|
|
|
|
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Comprehensive income (loss) |
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4,979,015 |
|
|
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(20,127,835 |
) |
Comprehensive loss attributable to non-controlling interests |
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|
2,146,687 |
|
|
|
1,430,176 |
|
Deemed dividend related to warrants down round provision |
|
|
(755,514 |
) |
|
|
- |
|
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|
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Comprehensive income (loss) attributable to the shareholders of |
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6,370,188 |
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(18,697,659 |
) |
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CONSOLIDATED BALANCE SHEETS |
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(Stated in |
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ASSETS |
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Current assets: |
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Cash |
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$ |
3,495,231 |
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$ |
5,189,003 |
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Restricted cash |
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130,125 |
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|
104,170 |
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Digital currencies |
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|
1,539 |
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|
1,539 |
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Accounts receivable |
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|
62,221 |
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|
40,543 |
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Inventories |
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|
39,133 |
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|
34,185 |
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Marketable securities, at fair value |
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28,384,944 |
|
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|
1,063,111 |
|
Investments in derivatives |
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|
4,289 |
|
|
|
203,320 |
|
Amounts due from related parties |
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|
- |
|
|
|
962 |
|
Due from brokers |
|
|
160,337 |
|
|
|
317,005 |
|
Other receivables and prepayments |
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|
1,378,996 |
|
|
|
1,079,043 |
|
Total current assets |
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33,656,815 |
|
|
|
8,032,881 |
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Property, plant and equipment, net |
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|
4,686,323 |
|
|
|
7,093,035 |
|
Operating lease right-of-use assets |
|
|
547,389 |
|
|
|
- |
|
Non-marketable investments |
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|
4,079,707 |
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|
|
7,112,180 |
|
Intangible assets, net |
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|
964,857 |
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|
1,311,683 |
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Amounts due from related parties |
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- |
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|
|
50,000 |
|
Long-term deposits |
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|
296,225 |
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|
|
294,606 |
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Other non-current assets |
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|
- |
|
|
|
59,833 |
|
Total Assets |
|
$ |
44,231,316 |
|
|
$ |
23,954,218 |
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LIABILITIES AND EQUITY |
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LIABILITIES |
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Current liabilities: |
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Amounts due to related parties |
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$ |
145,926 |
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$ |
41,593 |
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Accounts payable and accrued expenses |
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3,240,772 |
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|
2,586,527 |
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Finance lease liabilities current |
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|
49,396 |
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|
46,555 |
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Operating lease liabilities, current |
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|
432,600 |
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|
- |
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Total current liabilities |
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3,868,694 |
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|
|
2,674,675 |
|
Finance lease liabilities, non-current |
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|
47,923 |
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|
|
97,319 |
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Operating lease liabilities, non-current |
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|
155,121 |
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|
|
- |
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Loan payables to related parties |
|
|
2,007,285 |
|
|
|
6,330,472 |
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Total Liabilities |
|
$ |
6,079,023 |
|
|
$ |
9,102,466 |
|
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|
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Commitments and contingencies |
|
|
- |
|
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|
- |
|
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EQUITY |
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Class A Ordinary Shares ( |
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$ |
11,584,324 |
|
|
$ |
6,597,362 |
|
Class B Ordinary Shares ( |
|
|
22,437,754 |
|
|
|
22,437,754 |
|
Additional paid-in capital |
|
|
38,247,903 |
|
|
|
24,887,624 |
|
Accumulated other comprehensive income (loss) |
|
|
53,296 |
|
|
|
(5,552 |
) |
Accumulated deficit |
|
|
(30,489,126 |
) |
|
|
(37,555,980 |
) |
Total equity attributable to the shareholders of |
|
|
41,834,151 |
|
|
|
16,361,208 |
|
Non-controlling interests |
|
|
(3,681,858 |
) |
|
|
(1,509,456 |
) |
Total equity |
|
|
38,152,293 |
|
|
|
14,851,752 |
|
Total Liabilities and Equity |
|
$ |
44,231,316 |
|
|
$ |
23,954,218 |
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005385/en/
Investor Relations
investor.relations@aptorumgroup.com
+44 20 80929299
Redchip – Financial Communications United States
Investor relations
dave@redchip.com
+1 407 491 4498
Actifin – Financial Communications Europe
Investor relations
ggasparetto@actifin.fr
+33 1 56 88 11 22
Source: