Bridge Biotherapeutics : 30% or More Change in Sales or Profit/Loss(15% or more in the case of large-scale corporations)
March 07, 2022 at 08:01 pm EST
Share
30% or More Change in Sales or Profit/Loss(15% or more in the case of large-scale corporations)
1. Type of Financial Statements
Consolidated Financial Statements
2. Details of Changes in Sales or Profit/Loss (KRW)
Current Fiscal Year
Previous Fiscal Year
Amount Increased/ Decreased
Increase/ Decrease Rate (%)
- Sales(Limited to the amount of Revenue according to sales of goods and services provided)
1,924,158,150
6,339,946,467
-4,415,788,317
-70.00
- Operating Income
-26,391,767,980
-19,578,220,215
-6,813,547,765
-35.00
- Profit from continuing operation before corporate income tax
-26,278,291,392
-19,232,492,177
-7,045,799,215
-37.00
- Net Income
-26,278,291,392
-19,232,492,177
-7,045,799,215
-37.00
- Applicability of Large-scale Corporation
No
3. Financial Status (KRW)
Current Fiscal Year
Previous Fiscal Year
- Total Assets
46,657,249,917
63,510,099,312
- Total Liabilities
3,609,930,975
4,282,024,005
- Total Shareholders' Equity
43,047,318,942
59,228,075,307
- Capital Stock
9,853,712,500
9,590,587,000
4. Main Reasons for Changes in Sales or Profits/Losses
1. Reasons for changes in sales.
Earnings fluctuation due to the company's business model
2. Reasons for profit and loss change.
Increase in R&D expenditure due to development advancements of the company's pipeline assets
Increase in stock-based compensation costs.
- Stock options granted to new R&D employees
- Stock donation by the majority shareholder to the employee stock ownership association
5. Date Of Board Of Directors Resolution(Decision Date)
2022-03-07
- Attendance of Outside Directors
Present(No.)
3
Absent(No.)
-
- Attendance of Auditors(members of Audit Committee)
-
6. Other references concerning investment decisions
1. The consolidated financial statement for the current business year (2021) are based on K-IFRS
2. The consolidated financial statements for the previous business year (2020) are based on the consolidated audit report from the same year.
3. The contents above are subject to change after the external audit and the Annual General Meeting of Shareholders.
※Relevant Disclosure
-
Note that this disclosure includes the un-audited information and some of the details may be changed according to the audit results
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Bridge Biotherapeutics Inc. published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 01:00:08 UTC.
Bridge Biotherapeutics, Inc. is a Korea-based company principally engaged in the research and development of bio therapeutic drugs. The products mainly consist of ulcerative colitis medicine BBT-401, autoxin inhibitor BBT-877, non-small cell lung cancer medicine BBT-176, and others. The Company is also involved in the manufacture of basic pharmaceuticals and biologicals.