ADCT Cuplikan Saham Harga, kapitalisasi pasar, P/E, EPS, ROE, utang/ekuitas, kisaran 52 minggu

03

Harga $1.13

Kapitalisasi Pasar (MRQ) $144M

P/E (TTM) -1.9

EPS (TTM) $-0.58

Pendapatan (TTM) $80M

ROE (TTM) 45.3%

D/E Utang/Ekuitas (MRQ) -0.0

Rentang 52M $1–$5

ADCT Grafik Harga Saham OHLCV harian dengan indikator teknis — geser, perbesar, dan sesuaikan tampilan Anda

04

rentang

batang

Granularitas batang menyesuaikan dengan periode yang dipilih — arahkan kursor ke bagan untuk melihat buka/tinggi/rendah/tutup untuk sebuah batang.

Kinerja 10 Tahun Tren Pendapatan, laba bersih, margin, dan EPS

06

Pendapatan$81M

2022-12-31 → 2025-12-31

EPS$-1.12

2022-12-31 → 2025-12-31

Arus Kas Bebas$-141M

2020-12-31 → 2025-12-31

Margin bersih-121.8%

2023-12-31 → 2025-12-31

Valuasi & Rasio 07–12

Valuasi Rasio P/E, P/S, P/B, EV/EBITDA — apakah sahamnya mahal atau murah?

Metrik	ADCT	rata-rata 5T	Median Rekan	Kesimpulan
P/E (TTM)	-1.9rata-rata 5T ≈-1.7	≈-1.7	·	·
P/S (TTM)	1.8rata-rata 5T ≈3.4	≈3.4	·	·
P/B (MRQ)	-0.6rata-rata 5T ≈-1.4	≈-1.4	·	·
EV / EBITDA	0.9	·	·	·
Harga / FCF (TTM)	-1.4rata-rata 5T ≈-1.9	≈-1.9	·	·
Harga / Arus Kas (TTM)	-1.4rata-rata 5T ≈-2.0	≈-2.0	·	·
EV / Revenue (EV / Pendapatan)	-1.4	·	·	·
EV / FCF	0.8	·	·	·

Median rekan dihitung berdasarkan basis standar per metrik dan mungkin tidak selalu cocok dengan basis TTM/MRQ yang ditampilkan untuk saham ini.

Profitabilitas Margin kotor, operasional, dan bersih; ROE, ROA, ROIC

Metrik	ADCT	rata-rata 5T	Median Rekan	Kesimpulan
Margin Operasi (TTM)	-125.1%rata-rata 5T ≈-190.8%	≈-190.8%	·	·
EBITDA Margin (Margin EBITDA)	-149.3%rata-rata 5T ≈-190.8%	≈-190.8%	·	·
Margin Sebelum Pajak (TTM)	-122.3%rata-rata 5T ≈-225.1%	≈-225.1%	·	·
Margin Laba Bersih (TTM)	-121.8%rata-rata 5T ≈-247.8%	≈-247.8%	·	·
ROA (TTM)	-32.3%rata-rata 5T ≈-43.1%	≈-43.1%	·	·
ROE (TTM)	45.3%rata-rata 5T ≈32.8%	≈32.8%	·	·
ROIC	66.9%rata-rata 5T ≈-3.7%	≈-3.7%	·	·

Kesehatan Keuangan Utang, likuiditas, solvabilitas — kekuatan neraca

Metrik	ADCT	rata-rata 5T	Median Rekan	Kesimpulan
Utang / Ekuitas (MRQ)	-0.0	·	·	·
Rasio Lancar (MRQ)	3.0rata-rata 5T ≈5.0	≈5.0	·	·
Quick Ratio (Rasio Cepat)	3.7rata-rata 5T ≈4.3	≈4.3	·	·

Pertumbuhan Pertumbuhan Pendapatan, EPS, dan Laba Bersih: YoY, CAGR 3T, CAGR 5T

Metrik	Tren 5 Tahun	ADCT	rata-rata 5T	Median Rekan	Kesimpulan
Revenue YoY (Pendapatan YoY)		14.8%rata-rata 5T ≈-16.7%	≈-16.7%	·	·
Revenue CAGR 3Y (CAGR Pendapatan 3T)		-27.1%	·	·	·

Metrik Per Saham EPS, nilai buku per saham, arus kas per saham, dividen per saham

Metrik	ADCT	rata-rata 5T	Median Rekan	Kesimpulan
EPS (Diluted)	$-1.12rata-rata 5T ≈$-1.92	≈$-1.92	·	·
Revenue / Share (Pendapatan / Saham)	$0.64rata-rata 5T ≈$0.74	≈$0.74	·	·
Cash Flow / Share (Arus Kas / Saham)	$-1.11rata-rata 5T ≈$-1.28	≈$-1.28	·	·
Cash / Share (Kas / Saham)	$2.08rata-rata 5T ≈$2.67	≈$2.67	·	·

Efisiensi Modal Perputaran aset, perputaran persediaan, perputaran piutang

Metrik	ADCT	rata-rata 5T	Median Rekan	Kesimpulan
Asset Turnover (Perputaran Aset)	0.3rata-rata 5T ≈0.2	≈0.2	·	·
Inventory Turnover (Perputaran Persediaan)	1.8rata-rata 5T ≈0.6	≈0.6	·	·
Revenue / Employee (Pendapatan Tahunan ÷ karyawan (jumlah karyawan, yfinance). Turunan — bukan konsep SEC-XBRL yang tersimpan.)	≈$432.8K	·	·	·

nilai · ≈ rata-rata 5T · median industri · penilaian relatif terhadap median

Riwayat Pendapatan EPS aktual vs perkiraan, kejutan %, tingkat keberhasilan, tanggal pendapatan berikutnya

14

Kejutan Rata-rata 38.0%

Laporan Berikutnya Nov 09, 2026

Periode	Laporan	EPS Aktual	EPS Estimasi	Kejutan
30 Juni 2026	Agu 13, 2026	$-0.11	$-0.22	49.1%
31 Maret 2026	Mei 12, 2026	$-0.13	$-0.22	40.7%
31 Des. 2025		$-0.04	$-0.27	85.4%
30 Sep. 2025		$-0.30	$-0.37	18.7%
30 Juni 2025		$-0.38	$-0.48	21.4%
31 Maret 2025		$-0.36	$-0.41	12.5%

Fundamental Lengkap Semua metrik per tahun — laporan laba rugi, neraca, arus kas

15

Laporan Laba Rugi 17

Metrik	2025	2024	2023	2022
Revenue	$81M	$71M	$70M	$210M
Cost of Revenue	$6M	$6M	$3M	$3M
R&D Expense	$104M	$110M	$127M	$186M
SG&A Expense	$37M	$42M	$48M	$74M
Operating Expenses	$203M	$201M	$236M	$333M
Operating Income	$-121M	$-131M	$-166M	$-123M
Interest Expense	·	$50M	$46M	$37M
Interest Income	$9M	$12M	$11M	$3M
Other Non-op	$23M	$12M	$6M	$53M
Pretax Income	$-142M	$-156M	$-195M	$-147M
Income Tax	$1M	$166.0K	$39M	$227.0K
Net Income	$-143M	$-158M	$-240M	$-157M
EPS (Basic)	$-1.12	$-1.62	$-2.94	$-2.01
EPS (Diluted)	$-1.12	$-1.62	$-2.94	$-2.01
Shares (Basic)	127,067,540	97,159,966	81,712,166	78,152,964
Shares (Diluted)	127,067,540	97,159,966	81,712,166	78,152,964
EBITDA	$-121M	$-131M	$-166M	$-124M

Neraca 28

Metrik	2025	2024	2023	2022
Cash & Equivalents	$261M	$251M	$279M	$326M
Receivables	·	·	·	$73M
Inventory	$4M	$2M	$16M	$12M
Prepaid Expense	$6M	$8M	$10M	$23M
Other Current Assets	$6M	$9M	$6M	·
Current Assets	$306M	$291M	$336M	$435M
PP&E (Net)	$0	$5M	$6M	$3M
PP&E (Gross)	$1M	$10M	$10M	$7M
Accum. Depreciation	$1M	$5M	$4M	$3M
Intangibles	·	·	·	$14M
Other Non-current Assets	$1M	$1M	$711.0K	$902.0K
Total Assets	$323M	$322M	$355M	$491M
Accounts Payable	$9M	$18M	$16M	$12M
Accrued Liabilities	$58M	$62M	$52M	$68M
Current Liabilities	$70M	$80M	$68M	$82M
Capital Leases	$1M	$8M	$10M	$7M
Deferred Tax	$789.0K	$2M	$1M	$4M
Other Non-current Liabilities	$3M	$2M	$9M	$838.0K
Total Liabilities	$509M	$525M	$503M	$411M
Total Debt	$3M	·	·	·
Common Stock	$11M	$8M	$7M	$7M
Paid-in Capital	$1.44B	$1.28B	$1.18B	$1.17B
Retained Earnings	$-1.64B	$-1.49B	$-1.34B	$-1.10B
Treasury Stock	$205.0K	$220.0K	$541.0K	$679.0K
AOCI	$-517.0K	$-1M	$-93.0K	$2M
Stockholders' Equity	$-186M	$-203M	$-148M	$79M
Liabilities + Equity	$323M	$322M	$355M	$491M
Shares Outstanding	125,748,762	101,606,376	89,041,946	89,041,946

Arus Kas 11

Metrik	2025	2024	2023	2022
Stock-based Comp	$7M	$7M	$13M	$49M
Deferred Tax	$0	$0	$37M	$-2M
Operating Cash Flow	$-141M	$-124M	$-119M	$-138M
CapEx	$264.0K	$867.0K	$3M	$687.0K
Investing Cash Flow	$395.0K	$-867.0K	$-3M	$-687.0K
Stock Issued	$86M	$61M	$0	·
Net Stock Activity	$86M	$61M	·	·
Financing Cash Flow	$151M	$97M	$74M	$-897.0K
Taxes Paid	$-100.0K	$-900.0K	·	·
Free Cash Flow	$-141M	$-125M	$-122M	$-137M
Levered FCF	·	$-175M	$-177M	$-175M

Profitabilitas 7

Metrik	2025	2024	2023	2022
Operating Margin	-149.3%	-184.4%	-238.6%	·
Net Margin	-175.3%	-222.8%	-345.1%	·
Pretax Margin	-174.1%	-220.4%	-280.9%	·
EBITDA Margin	-149.3%	-184.4%	-238.6%	·
ROA	-44.2%	-46.7%	-56.8%	-27.2%
ROE	74.1%	84.3%	225.9%	-128.4%
ROIC	66.9%	64.5%	134.4%	-140.4%

Likuiditas & Solvabilitas 4

Metrik	2025	2024	2023	2022
Current Ratio	4.4	3.8	5.0	4.5
Quick Ratio	3.7	3.1	4.1	4.0
Debt / Equity	-0.0	·	·	·
Interest Coverage	·	-2.6	-3.6	-3.3

Efisiensi 2

Metrik	Tren	2025	2024	2023	2022
Asset Turnover		0.3	0.2	0.2	·
Inventory Turnover		1.8	0.3	0.2	0.3

Per Saham 5

Metrik	2025	2024	2023	2022
Book Value / Share	$-1.48	$-2.05	$-1.80	·
Revenue / Share	$0.64	$0.73	$0.85	·
Cash Flow / Share	$-1.11	$-1.27	$-1.45	·
Cash / Share	$2.08	$2.54	$3.39	·
EPS (TTM)	$-1.12	$-1.62	$-2.94	$-2.01

Tingkat Pertumbuhan 2

Metrik	Tren	2025	2024	2023	2022
Revenue YoY		14.8%	1.8%	-66.9%	·
Revenue CAGR 3Y		-27.1%	·	·	·

Valuasi (TTM) 13

Metrik	2025	2024	2023	2022
Revenue TTM	$81M	$71M	$70M	$210M
Net Income TTM	$-143M	$-158M	$-240M	$-157M
Market Cap	$444M	$197M	$137M	·
Enterprise Value	$186M	·	·	·
P/E	-3.2	-1.2	-0.6	-1.9
P/S	5.5	2.8	2.0	·
P/B	-2.4	-1.0	-0.9	·
P / Cash Flow	-3.1	-1.6	-1.2	·
P / FCF	-3.1	-1.6	-1.1	·
EV / EBITDA	-1.5	·	·	·
EV / FCF	-1.3	·	·	·
EV / Revenue	2.3	·	·	·
Earnings Yield	-31.7%	-81.4%	-177.1%	-52.3%

Laporan Laba Rugi 16

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Revenue	$19M	$21M	$23M	$16M	$19M	$23M	$17M	$18M	$17M	$18M	$17M	$14M	$19M	$19M
R&D Expense	$17M	$20M	$18M	$27M	$30M	$29M	$27M	$33M	$24M	$26M	$30M	$27M	$31M	$38M
SG&A Expense	$10M	$10M	$9M	$8M	$9M	$10M	$10M	$10M	$10M	$12M	$11M	$10M	$12M	$16M
Operating Expenses	$45M	$46M	$41M	$47M	$63M	$51M	$49M	$54M	$46M	$52M	$57M	$51M	$59M	$69M
Operating Income	$-25M	$-25M	$-18M	$-31M	$-44M	$-28M	$-32M	$-36M	$-29M	$-34M	$-40M	$-36M	$-40M	$-50M
Interest Expense	·	·	·	·	·	$12M	·	$13M	$13M	$12M	$13M	$13M	$10M	$10M
Interest Income	$2M	$2M	$2M	$2M	$2M	$2M	$3M	$3M	$3M	$3M	$3M	$3M	$2M	$2M
Other Non-op	$21M	$3M	$22M	$925.0K	$-182.0K	$203.0K	$11M	$2M	$3M	$-3M	$10M	$860.0K	$-5M	$833.0K
Pretax Income	$-17M	$-33M	$-7M	$-41M	$-55M	$-38M	$-31M	$-44M	$-36M	$-46M	$-40M	$-45M	$-53M	$-57M
Income Tax	$0	$0	$-404.0K	$0	$1M	$165.0K	$-321.0K	$90.0K	$234.0K	$163.0K	$43M	$-85.0K	$-4M	$518.0K
Net Income	$-17M	$-33M	$-6M	$-41M	$-57M	$-39M	$-31M	$-44M	$-37M	$-47M	$-85M	$-47M	$-49M	$-59M
EPS (Basic)	$-0.11	$-0.21	$0.04	$-0.30	$-0.50	$-0.36	$-0.26	$-0.42	$-0.38	$-0.56	$-1.04	$-0.57	$-0.60	$-0.73
EPS (Diluted)	$-0.11	$-0.21	$0.04	$-0.30	$-0.50	$-0.36	$-0.26	$-0.42	$-0.38	$-0.56	$-1.04	$-0.57	$-0.60	$-0.73
Shares (Basic)	155,016,023	154,142,347	·	136,446,534	113,743,358	107,202,374	·	104,824,877	95,691,245	82,552,322	·	82,256,847	81,471,127	80,805,770
Shares (Diluted)	155,016,023	154,142,347	·	136,446,534	113,743,358	107,202,374	·	104,824,877	95,691,245	82,552,322	·	82,256,847	81,471,127	80,805,770
EBITDA	$-25M	$-25M	·	$-31M	$-44M	$-28M	·	$-36M	$-29M	$-34M	·	·	·	·

Neraca 26

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Cash & Equivalents	$219M	$231M	$261M	$235M	$265M	$195M	$251M	$274M	$300M	$234M	$279M	·	·	·
Inventory	$5M	$5M	$4M	$18M	$18M	$17M	$2M	$16M	$15M	$16M	$16M	·	·	·
Prepaid Expense	$5M	$6M	$6M	$6M	$5M	$7M	$8M	$19M	$17M	$17M	$10M	·	·	·
Other Current Assets	$4M	$4M	$6M	$6M	$6M	$7M	$9M	·	·	·	$6M	·	·	·
Current Assets	$262M	$277M	$306M	$287M	$319M	$258M	$291M	$333M	$355M	$290M	$336M	·	·	·
PP&E (Net)	·	·	$0	$0	$1.0K	$5M	$5M	$6M	$5M	$6M	$6M	·	·	·
PP&E (Gross)	·	·	$1M	$6M	$6M	$11M	$10M	$11M	$10M	$10M	$10M	·	·	·
Accum. Depreciation	·	·	$1M	$6M	$6M	$6M	$5M	$5M	$5M	$5M	$4M	·	·	·
Other Non-current Assets	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$992.0K	$986.0K	$711.0K	·	·	·
Total Assets	$279M	$291M	$323M	$290M	$322M	$273M	$322M	$349M	$372M	$308M	$355M	·	·	·
Accounts Payable	$13M	$5M	$9M	$8M	$10M	$16M	$18M	$14M	$11M	$14M	$16M	·	·	·
Accrued Liabilities	$67M	$58M	$58M	$54M	$55M	$42M	$62M	$53M	$47M	$49M	$52M	·	·	·
Current Liabilities	$86M	$68M	$70M	$62M	$65M	$58M	$80M	$68M	$58M	$63M	$68M	·	·	·
Capital Leases	$946.0K	$991.0K	$1M	$1M	$1M	$8M	$8M	$9M	$9M	$10M	$10M	·	·	·
Deferred Tax	·	·	$789.0K	·	·	·	$2M	·	·	·	$1M	·	·	·
Other Non-current Liabilities	$6M	$5M	$3M	$9M	$7M	$4M	$2M	$8M	$7M	$7M	$9M	·	·	·
Total Liabilities	$508M	$508M	$509M	$528M	$521M	$511M	$525M	$521M	$503M	$502M	$503M	·	·	·
Total Debt	$6M	$5M	·	·	·	·	·	·	·	·	·	·	·	·
Common Stock	$11M	$11M	$11M	$10M	$10M	$8M	$8M	$8M	$8M	$7M	$7M	·	·	·
Paid-in Capital	$1.45B	$1.44B	$1.44B	$1.38B	$1.38B	$1.29B	$1.28B	$1.28B	$1.28B	$1.18B	$1.18B	·	·	·
Retained Earnings	$-1.69B	$-1.67B	$-1.64B	$-1.63B	$-1.59B	$-1.53B	$-1.49B	$-1.46B	$-1.42B	$-1.38B	$-1.34B	·	·	·
Treasury Stock	$205.0K	$205.0K	$205.0K	$205.0K	$207.0K	$207.0K	$220.0K	$222.0K	$239.0K	$502.0K	$541.0K	·	·	·
AOCI	$-814.0K	$-802.0K	$-517.0K	$-702.0K	$-388.0K	$-1M	$-1M	$203.0K	$-338.0K	$-201.0K	$-93.0K	·	·	·
Stockholders' Equity	$-228M	$-216M	$-186M	$-238M	$-199M	$-238M	$-203M	$-172M	$-132M	$-194M	$-148M	·	·	·
Liabilities + Equity	$279M	$291M	$323M	$290M	$322M	$273M	$322M	$349M	$372M	$308M	$355M	·	·	·
Shares Outstanding	127,438,173	127,165,116	125,748,762	112,626,731	112,499,083	99,178,286	98,861,402	96,687,985	96,469,641	82,777,226	82,293,137	·	·	·

Arus Kas 9

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Stock-based Comp	$5M	$2M	$673.0K	$2M	$2M	$2M	$2M	$3M	$2M	$158.0K	$2M	$2M	$1M	$8M
Operating Cash Flow	$-12M	$-30M	$-31M	$-30M	$-24M	$-56M	$-22M	$-25M	$-33M	$-44M	$-32M	$-37M	$-35M	$-15M
CapEx	$0	$32.0K	$0	$0	$0	$264.0K	$90.0K	$216.0K	$30.0K	$531.0K	$327.0K	$661.0K	$1M	$1M
Investing Cash Flow	$0	$-32.0K	$659.0K	$0	$0	$-264.0K	$-90.0K	$-216.0K	$-30.0K	$-531.0K	$-327.0K	$-661.0K	$-1M	$-1M
Stock Issued	$0	$-20.0K	$44M	$-479.0K	$43M	$0	$0	$-1M	·	·	$0	$0	·	·
Net Stock Activity	·	$-20.0K	·	·	·	·	·	·	·	·	·	·	·	·
Financing Cash Flow	$-99.0K	$-583.0K	$57M	$-198.0K	$94M	$271.0K	$-1M	$-879.0K	$99M	$356.0K	$-1.0K	$349.0K	$73M	$425.0K
Free Cash Flow	·	$-30M	·	·	·	$-57M	·	·	·	$-45M	·	·	·	·
Levered FCF	·	·	·	·	·	$-69M	·	·	·	$-57M	·	·	·	·

Profitabilitas 7

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Operating Margin	-132.0%	-121.1%	·	-188.5%	-234.3%	-123.6%	·	-192.6%	-166.8%	-186.2%	·	·	·	·
Net Margin	-86.1%	-158.1%	·	-249.4%	-300.7%	-167.6%	·	-238.1%	-209.9%	-258.2%	·	·	·	·
Pretax Margin	-86.1%	-158.1%	·	-249.4%	-294.0%	-166.9%	·	-236.2%	-205.1%	-253.4%	·	·	·	·
EBITDA Margin	-132.0%	-121.1%	·	-188.5%	-234.3%	-123.6%	·	-192.6%	-166.8%	-186.2%	·	·	·	·
ROA	-5.5%	-11.7%	·	-12.8%	-16.3%	-13.3%	·	-25.2%	-19.7%	-30.3%	·	·	·	·
ROE	7.8%	14.5%	·	20.0%	34.2%	17.8%	·	51.1%	55.5%	47.9%	·	·	·	·
ROIC	11.5%	11.9%	·	13.0%	22.7%	12.0%	·	20.7%	22.2%	17.3%	·	·	·	·

Likuiditas & Solvabilitas 4

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Current Ratio	3.0	4.1	·	4.6	4.9	4.5	·	4.9	6.2	4.6	·	·	·	·
Quick Ratio	2.5	3.4	·	3.8	4.1	3.4	·	4.1	5.2	3.7	·	·	·	·
Debt / Equity	-0.0	-0.0	·	·	·	·	·	·	·	·	·	·	·	·
Interest Coverage	·	·	·	·	·	-2.3	·	-2.7	-2.3	-2.7	·	·	·	·

Efisiensi 1

Metrik	Tren	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Asset Turnover		0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	·	·	·

Per Saham 5

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Book Value / Share	$-1.79	$-1.70	·	$-2.11	$-1.77	$-2.40	·	$-1.78	$-1.36	$-2.35	·	·	·	·
Revenue / Share	$0.12	$0.14	·	$0.12	$0.17	$0.21	·	$0.18	$0.18	$0.22	·	·	·	·
Cash Flow / Share	·	$-0.19	·	·	·	$-0.53	·	·	·	$-0.53	·	·	·	·
Cash / Share	$1.72	$1.82	·	$2.08	$2.35	$1.96	·	$2.84	$3.11	$2.83	·	·	·	·
EPS (TTM)	$-0.58	$-0.97	·	$-1.42	$-1.54	$-1.42	·	$-2.40	$-2.55	$-2.77	·	·	·	·

Valuasi (TTM) 10

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Revenue TTM	$80M	$79M	·	$75M	$77M	$76M	·	$71M	$67M	$69M	·	·	·	·
Net Income TTM	$-97M	$-137M	·	$-167M	$-170M	$-150M	·	$-212M	$-215M	$-227M	·	·	·	·
Market Cap	$136M	$477M	·	$451M	$301M	$140M	·	$305M	$305M	$372M	·	·	·	·
Enterprise Value	$-77M	$250M	·	·	·	·	·	·	·	·	·	·	·	·
P/E	-1.8	-3.9	·	-2.8	-1.7	-1.0	·	-1.3	-1.2	-1.6	·	·	·	·
P/S	1.7	6.0	·	6.0	3.9	1.8	·	4.3	4.6	5.4	·	·	·	·
P/B	-0.6	-2.2	·	-1.9	-1.5	-0.6	·	-1.8	-2.3	-1.9	·	·	·	·
P / Cash Flow	·	-16.1	·	·	·	-2.5	·	·	·	-8.4	·	·	·	·
EV / Revenue	-1.0	3.2	·	·	·	·	·	·	·	·	·	·	·	·
Earnings Yield	-54.2%	-25.9%	·	-35.5%	-57.5%	-100.7%	·	-76.2%	-80.7%	-61.7%	·	·	·	·

Periode terbaru di sebelah kiri · nilai null ditampilkan sebagai ·

Laporan Keuangan Laporan laba rugi, neraca, arus kas — tahunan, 5 tahun terakhir

16

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Pendapatan	$81M	$71M	$70M	$210M	·
Margin Operasi %	-149.3%	-184.4%	-238.6%	·	·
Laba Bersih	$-143M	$-158M	$-240M	$-157M	$-230M
EPS Dilusian	$-1.12	$-1.62	$-2.94	$-2.01	·

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Utang / Ekuitas	-0.0	·	·	·	·
Rasio Lancar	4.4	3.8	5.0	4.5	7.1
Rasio Cepat	3.7	3.1	4.1	4.0	6.7

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Arus Kas Bebas	$-141M	$-125M	$-122M	$-137M	$-237M

Pemilik institusional (13F) 120 pengaju · $93.2M total · Per tanggal 30 Juni 2026

17

Institusi yang melaporkan kepemilikan saham ini dalam SEC Form 13F triwulanan mereka. Hanya posisi panjang; satu pengaju dapat muncul dua kali untuk leg opsi terpisah. Kaki put/call offset yang besar biasanya mencerminkan pembuatan pasar atau inventaris yang dilindungi, bukan keyakinan arah.

Pemegang 120

Nilai yang dipegang $93.2M

Posisi baru 27

Posisi yang keluar 30

Aktivitas institusional — Q2 2026 vs kuartal sebelumnya

Posisi baru	Posisi yang keluar	Meningkat	Menurun	Perubahan bersih saham
27 (+4 vs Kuartal sebelumnya)	30 (+18 vs Kuartal sebelumnya)	42 (-9 vs Kuartal sebelumnya)	30 (+1 vs Kuartal sebelumnya)	-2.7M

Dibandingkan dengan Q1 2026. Pengajuan Formulir 13F SEC jatuh tempo dalam waktu 45 hari setelah akhir kuartal ditambah kelonggaran singkat untuk pengaju terlambat — kuartal yang masih dalam jangka waktu tersebut dilewati demi pasangan terakhir yang dilaporkan sepenuhnya.

Institusi	Nilai	Saham	% dari 13F yang dilacak	Tipe
Nantahala Capital Management, LLC	$13.189.017	12.326.184	14,15%	Saham
Redmile Group, LLC	$12.333.580	11.526.710	13,23%	Saham
TCG Crossover Management, LLC	$12.187.487	11.390.175	13,08%	Saham
Prosight Management, LP	$8.372.481	7.824.749	8,98%	Saham
BlackRock, Inc.	$7.511.500	7.020.093	8,06%	Saham
VANGUARD GROUP INC	$3.987.442	1.129.587	4,28%	Saham
Point72 Asset Management, L.P.	$3.904.584	3.649.144	4,19%	Saham
MORGAN STANLEY	$3.264.755	3.051.173	3,50%	Saham
MILLENNIUM MANAGEMENT LLC	$3.102.502	2.899.535	3,33%	Saham
Vantage Consulting Group Inc	$2.410.983	682.998	2,59%	Saham
CITADEL ADVISORS LLC	$2.197.048	2.053.316	2,36%	Saham
GOLDMAN SACHS GROUP INC	$2.048.434	1.914.424	2,20%	Saham
STATE STREET CORP	$1.803.845	1.685.836	1,94%	Saham
GEODE CAPITAL MANAGEMENT, LLC	$1.546.733	1.445.546	1,66%	Saham
BANK OF AMERICA CORP /DE/	$1.378.381	1.288.206	1,48%	Saham
VANGUARD PORTFOLIO MANAGEMENT LLC	$959.888	897.092	1,03%	Saham
TWO SIGMA INVESTMENTS, LP	$827.553	773.414	0,89%	Saham
Blue Owl Capital Holdings LP	$784.918	733.568	0,84%	Saham
D. E. Shaw & Co., Inc.	$769.672	719.320	0,83%	Saham
Opaleye Management Inc.	$749.000	700.000	0,80%	Saham
AQR CAPITAL MANAGEMENT LLC	$704.193	658.125	0,76%	Saham
BNP PARIBAS FINANCIAL MARKETS	$698.548	652.849	0,75%	Saham
NORTHERN TRUST CORP	$635.607	594.025	0,68%	Saham
PLATINUM INVESTMENT MANAGEMENT LTD	$622.322	581.609	0,67%	Saham
PANAGORA ASSET MANAGEMENT INC	$612.913	572.816	0,66%	Saham
UBS Group AG	$556.714	520.293	0,60%	Saham
SCHRODER INVESTMENT MANAGEMENT GROUP	$431.345	418.782	0,46%	Saham
TWO SIGMA ADVISERS, LP	$425.602	120.567	0,46%	Saham
ALLIANCEBERNSTEIN L.P.	$406.763	108.470	0,44%	Saham
WELLS FARGO & COMPANY/MN	$328.644	307.144	0,35%	Saham
Russell Investments Group, Ltd.	$306.664	286.604	0,33%	Saham
Bank of New York Mellon Corp	$269.260	251.645	0,29%	Saham
WELLINGTON MANAGEMENT GROUP LLP	$250.760	234.355	0,27%	Saham
Florida Trust Wealth Management Co	$246.565	230.435	0,26%	Saham
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$239.742	224.058	0,26%	Saham
Nuveen, LLC	$189.061	176.693	0,20%	Saham
STATE OF WISCONSIN INVESTMENT BOARD	$171.414	160.200	0,18%	Saham
MILLENNIUM MANAGEMENT LLC	$160.500	150.000	0,17%	Opsi beli
JPMORGAN CHASE & CO	$157.116	152.540	0,17%	Saham
JACOBS LEVY EQUITY MANAGEMENT, INC	$151.238	141.344	0,16%	Saham
XTX Topco Ltd	$150.165	140.341	0,16%	Saham
FMR LLC	$142.069	132.775	0,15%	Saham
RHUMBLINE ADVISERS	$125.571	117.364	0,13%	Saham
Focus Partners Wealth	$119.627	111.801	0,13%	Saham
Quadrature Capital Ltd	$113.088	105.690	0,12%	Saham
Revolve Wealth Partners, LLC	$107.000	100.000	0,11%	Saham
Wilmington Savings Fund Society, FSB	$107.000	100.000	0,11%	Saham
DLK Investment Management, LLC	$104.770	33.155	0,11%	Saham
BARCLAYS PLC	$100.864	94.264	0,11%	Saham
DEUTSCHE BANK AG\	$89.285	83.444	0,10%	Saham

Tampilkan semua 120 pemilik institusional →

Aktivis & pemilik 5%+ 2 saham

18

Investor yang mengajukan Jadwal 13D SEC — kepemilikan manfaat di atas 5% dengan niat untuk memengaruhi penerbit (kepemilikan aktivis, kampanye dewan, M&A). Setiap baris menunjukkan status terbaru yang diketahui dari posisi pengaju tersebut.

Pengaju	Diajukan	Kepemilikan	Status	Tujuan	Pengajuan
A.T. Holdings II Sarl, C.T. Phinco Sarl, ADC Products Switzerland Sarl, Auven Therapeutics Holdings L.P., Auven Therapeutics General L.P., Auven Therapeutics GP Ltd., Stephen Evans-Freke, Peter B. Corr ×8 pengajuan	25 April 2024	·	Pengajuan awal	·	SEC
HPWH TH AG, HP WILD HOLDING AG, Dr. Hans-Peter Wild, Thomas Pfisterer	14 Sep. 2020	·	Pengajuan awal	Investasi pasif	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Orang dalam perusahaan 14 orang dalam · 5 pejabat · 8 direktur

19

Orang Dalam	Peran	Aktivitas terakhir	Saham dimiliki	Bersih 12m
Ameet Mallik	Chief Executive Officer	30 Juni 2026 A	2.121.769	$0
Jose Carmona	Chief Financial Officer	30 Juni 2026 A	938.076	$0
Mohamed Zaki	Chief Medical Officer	30 Juni 2026 A	896.317	$0
Peter J Graham	Chief Legal Officer	30 Juni 2026 A	841.640	$0
Lisa Michelle Kallebo	Chief Accounting Officer	13 Feb. 2026 F	128.224	$0
Peter Hug	Direktur	3 Juni 2026 F	263.344	$0
Viviane Monges	Direktur	3 Juni 2026 F	186.447	$0
Robert Azelby	Direktur	3 Juni 2026 F	112.805	$0
Jean-Pierre Bizzari	Direktur	3 Juni 2026 F	139.302	$0
Victor Sandor	Direktur	3 Juni 2026 F	140.686	$0
Ron Squarer	Direktur	3 Juni 2026 F	123.431	$0
Timothy Coughlin	Direktur	3 Juni 2026 F	72.400	$0
Hans Peter Wild	Pemilik 10%	15 Mei 2025 J	9.788.944	$0
Thomas Pfisterer	·	15 Mei 2025 J	173.899	$0

Orang dalam dari pengajuan SEC Form 3/4/5; bersih = hanya P/S pasar terbuka

Kepemilikan ETF Dimiliki oleh 11 ETF

20

Bobot mencerminkan kepemilikan ekuitas langsung (N-PORT) saja; dana berbasis leverage atau derivatif mungkin memiliki eksposur swap tambahan yang tidak ditampilkan.

Dana	Bobot	Unit	Per tanggal	Sumber
IWC · iShares Trust	0,03%	358.020 SH	11 Sep. 2026	Harian
VTWV · VANGUARD SCOTTSDALE FUNDS	0,01%	74.478 SH	19 Agu 2026	Harian
IBB · iShares Trust	0,01%	713.042 SH	11 Sep. 2026	Harian
IWM · iShares Trust	0,00%	2.687.086 SH	11 Sep. 2026	Harian
RSSL · Global X Funds	0,00%	51.103 NS	31 Juli 2026	N-PORT
IWO · iShares Trust	0,00%	202.930 SH	11 Sep. 2026	Harian
IWV · iShares Trust	0,00%	48.185 SH	3 Sep. 2026	Harian
VTWO · VANGUARD SCOTTSDALE FUNDS	0,00%	611.978 SH	19 Agu 2026	Harian
VTWG · VANGUARD SCOTTSDALE FUNDS	0,00%	24.289 SH	19 Agu 2026	Harian
VTHR · VANGUARD SCOTTSDALE FUNDS	0,00%	9.269 SH	19 Agu 2026	Harian
IWN · iShares Trust	·	715.322 SH	11 Sep. 2026	Harian

ADCT Konsensus Analis Opini analis bullish dan bearish, target harga 12 bulan, potensi kenaikan

21

peringkat · 12 analis BELI

Target median $3.00 +165,5%

4 33,3% Beli Kuat

4 33,3% Beli

3 25,0% Tahan

0 0,0% Jual

1 8,3% Jual Kuat

Target Harga 12 Bulan

3 analis · 2026-10-01

Target rata-rata $3.33 +195,0%

← Di bawah semua target Harga saat ini $1.13

Rendah$2.00 Rata-rata$3.33 Tinggi$5.00

Perbandingan rekan (sub-industri GICS) Metrik utama vs rekan sektor

22

Dasar FY, harga per penutupan akhir tahun fiskal terakhir setiap perusahaan.

Ticker	Kapitalisasi Pasar	P/E	Pendapatan YoY	Margin Bersih	ROE	Margin Kotor
ADCT	$444M	-3.2	14.8%	-175.3%	74.1%	·
ACIU	·	-4.5	·	-1971.7%	-89.6%	·
VRXA	·	·	·	·	·	·
NCEL	$9M	0.9	·	·	2225.2%	·

Metrik Saya Daftar pantauan pribadi Anda — baris yang dipilih dari Fundamental Lengkap

26

Pilih metrik yang penting bagi Anda — klik + di sebelah baris mana pun di Fundamental Lengkap di atas.

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ADCT ADC Therapeutics SA Common Shares