Stock Analysis on Net

Cytokinetics Inc. (NASDAQ:CYTK)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 3, 2023.

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

Cytokinetics Inc., income statement, revenues

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Revenues

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.