Portage Biotech (PRTG) Financials

Portage Biotech Inc. (PRTG) is a biotechnology company that focuses on the development and commercialization of innovative therapeutics. The company's financials are an important indicator of its performance and financial health. Let's take a closer look at Portage Biotech Inc.'s income statement. The income statement provides a summary of the company's revenues, expenses, and net income over a specific period of time. It shows how much money the company has made from its core operations and the profitability of those operations. The income statement includes several key components, such as gross profit, EBIT (earnings before interest and taxes), EBITDA (earnings before interest, taxes, depreciation, and amortization), and net income from stockholders.

Gross profit represents the company's revenue minus the cost of goods sold. It measures the profitability of the company's core operations and is an important indicator of its ability to generate profit. EBIT is a measure of the company's profitability that takes into account both revenue and operating expenses, but excludes interest and taxes. EBITDA is a more comprehensive measure of profitability that also excludes depreciation and amortization. Net income from stockholders represents the company's profit after all expenses, including interest, taxes, and other deductions, have been subtracted.

Total revenue is the sum of all the money the company has generated from its various sources, including sales of products or services, licensing fees, and investment income. It provides an overall picture of the company's financial performance. The balance sheet is a financial statement that provides a snapshot of the company's financial position at a specific point in time. It includes information about the company's assets, liabilities, and stockholders' equity. Cash equivalents are highly liquid assets that can be easily converted into cash, such as short-term investments. Net debt is the company's total debt minus its cash and cash equivalents.

Stockholders' equity represents the portion of the company's assets that belong to the stockholders. It is calculated as the company's total assets minus its total liabilities. Total assets include all of the company's resources, such as cash, investments, property, and equipment. Total debt includes both short-term and long-term debt, such as loans and bonds. Total liabilities represent the company's obligations or debts that it owes to external parties. The cash flow statement provides information about the company's cash inflows and outflows during a specific period. It includes operating cash flow, investing cash flow, and financing cash flow.

Operating cash flow represents the cash generated from the company's core operations, such as sales or services. It provides insight into the company's ability to generate cash from its ongoing business activities. Investing cash flow represents the cash used in or received from investments, such as the purchase or sale of property or equipment. Financing cash flow represents the cash used in or received from financing activities, such as borrowing or repaying loans, issuing or repurchasing stock, or paying dividends. Free cash flow is a measure of the company's cash flow that is available for distribution to investors or for reinvestment in the business.