Adverum Biotechnologies (LTS:0HA3) Tax Rate % : 0.00% (As of Sep. 2024)

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What is Adverum Biotechnologies Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Adverum Biotechnologies's Tax Expense for the three months ended in Sep. 2024 was $0.00 Mil. Adverum Biotechnologies's Pre-Tax Income for the three months ended in Sep. 2024 was $-27.13 Mil. Therefore, Adverum Biotechnologies's Tax Rate % for the quarter that ended in Sep. 2024 was 0.00%.

Adverum Biotechnologies Tax Rate % Historical Data

The historical data trend for Adverum Biotechnologies's Tax Rate % 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.

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Adverum Biotechnologies Tax Rate % Chart

Adverum Biotechnologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-0.96

-0.05

0.91

Adverum Biotechnologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															-0.05	4.56	-	-	-

Adverum Biotechnologies Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Adverum Biotechnologies's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	-1.078	/	-118.243
	=	0.91 %

Adverum Biotechnologies's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	0	/	-27.134
	=	0.00 %

Adverum Biotechnologies Tax Rate % Related Terms

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Adverum Biotechnologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Adverum Biotechnologies Inc (LTS:0HA3) » Definitions » Tax Rate %

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ADVM:USA AVU0:Germany

Address

100 Cardinal Way, Redwood CIty, CA, USA, 94063

Website

https://www.adverum.com

Adverum Biotechnologies Inc is a U.S.-based clinical-stage gene therapy company. It develops gene therapy product candidates intended to provide durable efficacy by inducing sustained expression of a therapeutic protein. The company primarily generates revenue through license, research and collaboration arrangements with its strategic partners. Its lead product candidate is ADVM-022 which is a single, in-office intravitreal (IVT) injection gene therapy designed to deliver long-term durable levels of aflibercept associated with a robust, sustained treatment response, reducing the treatment burden and fluctuations in macular fluid associated with frequent anti-vascular endothelial growth factor (VEGF) injections. It has one segment developing and commercializing gene therapeutics.

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