Sorrento Therapeutics (LTS:0L85) Tax Provision: $-9.31 Mil (TTM As of Jun. 2023)

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LTS:0L85 Sorrento Therapeutics Inc LTS:0L85
12 GF Score
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What is Sorrento Therapeutics Tax Provision?

Sorrento Therapeutics LTS:0L85 12 Tax Provision is $-9.31 Mil as of Jun. 2023. GuruFocus rates LTS:0L85 with a GF Score™ of 12/100.

Sorrento Therapeutics's tax provision for the three months ended in Jun. 2023 was $-0.67 Mil. Its tax provision for the trailing twelve months (TTM) ended in Jun. 2023 was $-9.31 Mil.

Sorrento Therapeutics Tax Provision Historical Data

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The historical data trend for Sorrento Therapeutics's Tax Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sorrento Therapeutics Tax Provision Chart

Sorrento Therapeutics Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Tax Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.27 0.47 2.01 33.52 2.42

Sorrento Therapeutics Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Tax Provision Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.05 1.02 1.81 -11.47 -0.67
LTS:0L85
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Sorrento Therapeutics Inc LTS:0L85
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Sorrento Therapeutics Tax Provision Calculation

Tax to be paid.

Tax Provision for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.31 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Provision →
What does a Tax Provision of $-9.31 Mil mean?
Sorrento Therapeutics (LTS:0L85) has a Tax Provision of $-9.31 Mil as of Jun. 2023. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Sorrento Therapeutics and its competitors.
Is Sorrento Therapeutics' Tax Provision too high?
Sorrento Therapeutics' current Tax Provision is $-9.31 Mil. Overall, Sorrento Therapeutics has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Sorrento Therapeutics' Tax Provision compare to IMUX and OCUP?
Sorrento Therapeutics' Tax Provision of $-9.31 Mil can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Provision for a Biotechnology company?
A good Tax Provision depends on the Biotechnology industry context. However, Tax Provision should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Provision mean?
A high Tax Provision can signal that a stock is expensive relative to its fundamentals. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Sorrento Therapeutics and its competitors. Sorrento Therapeutics's current Tax Provision is $-9.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sorrento Therapeutics stock overvalued right now?
Sorrento Therapeutics (LTS:0L85) has a current Tax Provision of $-9.31 Mil. The current Tax Provision is $-9.31 Mil. Sorrento Therapeutics' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Provision calculated?
Tax Provision is calculated from a company's financial statements. For Sorrento Therapeutics (LTS:0L85), the current Tax Provision is $-9.31 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sorrento Therapeutics Business Description

Address 4955 Directors Place, San Diego, CA, USA, 92121
Sorrento Therapeutics Inc is a clinical and commercial-stage biopharmaceutical company developing a portfolio of next-generation treatments for three major therapeutic areas: cancer, infectious disease, and pain. Its multimodal, multipronged approach to fighting cancer is made possible by its extensive immuno-oncology platforms, including key assets such as fully human antibodies (G-MAB library), immuno-cellular therapies (DAR-T), antibody-drug conjugates (ADCs), and oncolytic virus (Seprehvec). Sorrento is also developing potential antiviral therapies and vaccines against coronaviruses, including COVI-AMG, COVIDROPS, COVISHIELD, FUJOVEE (Abivertinib), and OQORY (Covi-MSC), and diagnostic test solutions, including COVITRACK and COVIMARK.
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Tax Provision is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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