Trevena, Inc. (TRVN) Income Statement
TRVN 2023 at a glance
Fiscal year ended December 31, 2023 · U.S. dollarsTRVN revenue and net income
Where TRVN's revenue goes
2023Each bar shows an amount and its share of revenue. TRVN kept −1,289.2% of revenue as net income.
TRVN profit margins
TRVN growth rates
to 2023| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | +0.6% | −11.4% | +36.9% |
| Gross profit | — | −20.4% | −24.0% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TRVN quarterly EPS vs estimates
Trevena beat the analyst EPS estimate in 6 of the last 8 quarters.
TRVN income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1M | $0 | $567,000 | $3.1M | $31,000 | $5.7M | $0 | $3.8M | $6.2M | $0 |
| Cost of revenue | $1.7M | $3.0M | $954,000 | $182,000 | $108,000 | $0 | $490,000 | $90.0M | $44.1M | $40.5M |
| Gross profit | $1.5M | −$3.4M | −$387,000 | $2.9M | −$77,000 | $5.7M | −$490,000 | $3.8M | $6.2M | −$40.5M |
| Research & development | $16.3M | $18.2M | $13.4M | $13.1M | $13.3M | $15.8M | $49.0M | $90.0M | $44.1M | $40.5M |
| Sales, general & admin | $21.5M | $34.7M | $38.1M | $19.2M | $13.2M | $19.0M | $19.6M | $16.1M | $12.8M | $9.4M |
| Total operating expenses | $36.7M | $52.9M | $51.5M | $32.4M | $26.5M | $34.8M | $68.6M | $106.0M | $56.9M | $49.9M |
| Operating income | −$35.3M | −$56.4M | −$51.9M | −$29.5M | −$26.6M | −$30.5M | −$70.4M | −$102.3M | −$50.6M | −$49.9M |
| Interest income | $1.2M | $451,000 | $162,000 | $240,000 | $418,000 | $1.0M | $679,000 | $743,000 | $3,160 | — |
| Interest expense | $3.6M | $1.3M | $1,000 | $29,000 | $931,000 | $2.2M | $2.8M | $1.7M | $334,365 | $70,650 |
| Income before taxes | −$40.0M | −$53.7M | −$51.6M | −$29.1M | −$24.9M | −$30.0M | −$71.9M | −$103.0M | −$50.5M | −$49.7M |
| Income taxes | $318,000 | −$2,705 | −$428,000 | $300,000 | $3.2M | $745,000 | $3.4M | −$246,000 | −$207,897 | $254,665 |
| Net income | −$40.3M | −$53.7M | −$51.2M | −$29.4M | −$24.9M | −$30.8M | −$71.9M | −$103.0M | −$50.5M | −$49.7M |
| EBITDA | −$35.0M | −$56.0M | −$51.5M | −$29.0M | −$23.4M | −$28.4M | −$68.1M | −$102.0M | −$50.4M | −$49.7M |
| EPS (diluted) | −$52.81 | −$177.85 | −$145.75 | −$102.00 | −$126.49 | −$210.24 | −$618.50 | −$823.00 | −$538.75 | −$1023.50 |
| Gross margin | 46.6% | — | −68.3% | 94.1% | −248.4% | 100.0% | — | 100.0% | 100.0% | — |
| Operating margin | −1,129.2% | — | −9,157.8% | −960.7% | −85,741.9% | −532.1% | — | −2,727.5% | −809.9% | — |
| Net margin | −1,289.2% | — | −9,022.9% | −957.0% | −80,229.0% | −537.1% | — | −2,746.5% | −808.5% | — |
| Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $283,000 | $325,000 | $20,000 | $0 | $180,000 | $3.0M | $6,000 | $0 | $0 | $0 | $20,000 | $0 |
| Cost of revenue | $114,000 | $192,000 | $176,000 | $1.3M | $175,000 | $88,000 | $127,000 | $228,000 | $2.4M | $216,000 | $207,000 | $334,000 |
| Gross profit | $169,000 | $133,000 | −$156,000 | −$1.4M | $5,000 | $2.9M | −$121,000 | −$228,000 | −$2.8M | −$216,000 | −$187,000 | −$335,000 |
| Research & development | $1.9M | $3.1M | $4.0M | $4.2M | $4.3M | $4.0M | $3.9M | $3.4M | $5.3M | $4.3M | $5.3M | $3.9M |
| Sales, general & admin | $3.9M | $3.6M | $5.8M | $4.6M | $4.6M | $5.1M | $6.1M | $21.3M | $7.7M | $10.3M | $11.0M | $9.8M |
| Total operating expenses | $5.7M | $6.6M | $9.7M | $10.1M | $8.8M | $9.1M | $10.0M | $9.1M | $12.9M | $14.6M | $16.3M | $13.7M |
| Operating income | −$5.6M | −$6.5M | −$9.9M | −$10.1M | −$8.8M | −$6.2M | −$10.1M | −$9.3M | −$15.8M | −$14.8M | −$16.5M | −$14.0M |
| Interest income | $190,000 | $238,000 | $353,000 | $409,000 | $377,000 | $323,000 | $289,000 | $205,000 | $127,000 | $95,000 | $24,000 | $32,000 |
| Interest expense | $1,000 | $521,000 | $513,000 | $1.9M | $210,000 | $1.1M | $446,000 | $530,000 | $401,000 | $325,000 | $24,000 | $1,000 |
| Income before taxes | −$5.0M | −$4.9M | −$7.7M | −$16.5M | −$7.9M | −$8.0M | −$7.8M | −$7.0M | −$15.3M | −$15.0M | −$16.4M | −$14.0M |
| Income taxes | −$30,000 | $31,000 | $18,000 | — | $271,000 | $300,000 | −$1.9M | $457,295 | −$460,000 | $389,000 | −$71,000 | −$106,000 |
| Net income | −$4.9M | −$4.9M | −$7.7M | −$16.5M | −$7.9M | −$8.0M | −$6.0M | −$7.5M | −$14.8M | −$15.0M | −$16.3M | −$14.0M |
| EBITDA | −$4.8M | −$4.2M | −$7.1M | — | −$7.6M | −$6.5M | −$7.3M | −$6.4M | −$14.8M | −$14.6M | −$16.3M | −$13.8M |
| EPS (diluted) | −$5.79 | −$5.75 | −$9.00 | −$1.06 | −$14.25 | −$17.25 | −$20.25 | −$0.73 | −$58.37 | −$56.25 | −$62.50 | −$2.00 |
| Gross margin | 59.7% | 40.9% | −780.0% | — | 2.8% | 97.1% | −2,016.7% | — | — | — | −935.0% | — |
| Operating margin | −1,970.7% | −2,000.9% | −49,390.0% | — | −4,903.9% | −205.1% | −168,650.0% | — | — | — | −82,300.0% | — |
| Net margin | −1,745.2% | −1,504.9% | −38,390.0% | — | −4,405.6% | −265.2% | −99,416.7% | — | — | — | −81,590.0% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TRVN's financial statements (latest annual report filed April 1, 2024); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TRVN financial results
In fiscal year 2023 (ended December 31, 2023), Trevena reported revenue of $3.1 million. It had a net loss of $40.3 million, a net profit margin of −1,289.2%. Diluted earnings per share came to −$52.81. Over five years revenue grew at an average rate of −11.4% a year.
See the TRVN stock overview for the latest quote and news, or the TRVN chart for price history and technical indicators.
TRVN income statement FAQ
What is Trevena's annual revenue?
Trevena reported total revenue of $3.1 million for fiscal year 2023, which ended on December 31, 2023.
Is Trevena profitable?
No. Trevena reported a net loss of $40.3 million in fiscal 2023, a net profit margin of −1,289.2%; its operating margin was −1,129.2%.
What is Trevena's gross margin?
Trevena's gross margin was 46.6% in fiscal 2023: for every $100 of revenue, Trevena kept $47 after the direct cost of its products and services.
How much does Trevena spend on research and development?
Trevena spent $16.3 million on research and development in fiscal 2023, 522.7% of revenue.
How fast is Trevena growing?
Revenue grew −11.4% a year on average over the last five fiscal years, from $5.7 million to $3.1 million.
What are Trevena's earnings per share?
Trevena earned $-52.81 per diluted share in fiscal 2023, compared with $-177.85 a year earlier.
When does Trevena's fiscal year end?
Trevena's fiscal year ends in December. The latest annual report covers the year ended December 31, 2023 and was filed on April 1, 2024.