Tuesday, March 3, 2020

Smaller San Diego City Companies Total Pretax Losses Increase Sharply By 511% in the December 2019 Quarter and By 185% in the Nine Months Ended December 2019

There were 10 Companies with headquarters in the City of San Diego with stock market caps between $2 bil and $10 bil in mid-December 2019.  

From a review of SEC filings, below are the Gold-Standard US GAAP Pretax  Income (Loss) From Continuing Operations for these 10 San Diego City Companies in each of the December, the September and the June quarters of both 2019 and 2018.


` US US US US US US
GAAP GAAP GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax Pretax Pretax
Income Income Income Income Income Income
  (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
    Dec Dec Sept Sept June June
City of San Diego Smaller Companies California Quarter Quarter Quarter Quarter Quarter Quarter
Market Caps $2 Bil to $10 Bil City HQs 2019 2018 2019 2018 2019 2018
mils $ mils $ mils $ mils $ mils $ mils $
Acadia Pharmaceuticals San Diego          (53)          (65)          (42)          (62)          (55)          (63)
Nuvasive San Diego            33            16            16            13            21            16
Quidel Corp San Diego            33            23            18            11              1            (9)
AMN Health Services San Diego            38            50            32            38            39            48
Cubic Corp San Diego          (10)            (8)            52            26            22              5
Arena Pharmaceuticals San Diego          (88)          (42)          (73)          (34)          (61)          (32)
Halozyme Therapeutics San Diego          (34)            (2)          (25)          (28)          (15)          (23)
Mirati Therapeutics San Diego          (72)          (28)          (54)          (28)          (46)          (28)
PriceSmart San Diego            29            22            32            26            22            27
WD-40 Co San Diego            14            16            22            19            36            37
Total all 10 Smaller City of San Diego Cos        (110)          (18)          (22)          (19)          (36)          (22)
….. % Change From Prior Year Quarter -511% -16% -64%
Total Pretax Income (Loss)
….. Nine Months Ended December 2019               (168)
….. Nine Months Ended December 2018                 (59)
………. % Decline -185%