Science 37 Holdings, Inc.
Industrials · Services-Commercial Physical & Biological Research · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | |
|---|---|---|---|
| Revenue | $70.1M | $59.6M | $23.7M |
| Operating income | −$152.0M | −$63.7M | −$32.5M |
| Net income | −$51.0M | −$94.3M | −$31.7M |
| Total assets | $126.4M | $260.8M | $57.0M |
| Total liabilities | $29.1M | $139.2M | $20.1M |
| Equity | $97.4M | $121.6M | −$106.1M |
| EPS (diluted) | $-0.44 | $-2.89 | $-2.13 |
| Shares out. | 115.5M | 10.0M | 5.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- −216.7%
- Net margin
- −72.7%
- Return on equity
- −52.4%
- Return on assets
- −40.3%
- Return on capital (ROCE)
- −147.2%
- Liabilities / assets
- 23.0%
- Debt / equity
- 0.30×
- Book value / share
- $0.84
- Revenue growth (YoY)
- 17.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Altman Z″ (distress)
- -5.74distress
- Accruals / assets
- 19.3%high accruals
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- High accruals — earnings-quality risk
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylawsMar 12, 2024
- Costs from exit or disposalFeb 9, 2024
- Entered a material agreement · Results of operations · Regulation FD disclosure · Other material eventJan 29, 2024
- Delisting / listing-standard noticeDec 22, 2023
- Modified shareholder rights · Amended charter or bylaws · Regulation FD disclosure · Other material eventDec 5, 2023
- Shareholder voteNov 29, 2023
- Results of operationsNov 7, 2023
- Results of operationsAug 8, 2023
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15-12GMar 25, 2024
- EFFECTMar 14, 2024
- EFFECTMar 14, 2024
- 4Mar 14, 2024
- 4Mar 14, 2024
- 3/AMar 14, 2024
- SC 13D/AAMENDMENT NO. 1Mar 14, 2024
- 4OWNERSHIP DOCUMENTMar 13, 2024
- 4OWNERSHIP DOCUMENTMar 13, 2024
- SC 13D/AMar 13, 2024
- 4FORM 4Mar 12, 2024
- 4FORM 4Mar 12, 2024
- 4FORM 4Mar 12, 2024
- 4FORM 4Mar 12, 2024
- 4FORM 4Mar 12, 2024
Event-driven situations (2)
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