Analysis of Revenues
Revenues as Reported
Cytokinetics Inc., income statement, revenues
US$ in thousands
| 12 months ended: | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | 94,588) | 70,428) | 55,828) | 26,868) | 31,501) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
- Revenue Trend
- The revenue demonstrated a generally increasing trend over the analyzed five-year period. Beginning at $31,501 thousand in 2018, it decreased to $26,868 thousand in 2019, marking the only year-over-year decline within the set. Subsequently, revenue experienced significant growth, reaching $55,828 thousand in 2020, which represents more than a doubling from the previous year.
- The upward trajectory continued in the subsequent years, with revenues attaining $70,428 thousand in 2021 and further increasing to $94,588 thousand in 2022. This pattern indicates strong revenue expansion, particularly from 2019 through 2022, reflecting a compound annual growth rate that suggests improving market performance or increased sales activities.
- Overall, the data reveals a recovery following the 2019 dip, with substantial growth in the later years, indicating a positive financial development in terms of revenue generation.