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Mind Medicine (Mind Medicine) Pretax Margin % : % (As of Mar. 2024)


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What is Mind Medicine Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Mind Medicine's Pre-Tax Income for the three months ended in Mar. 2024 was $-54.40 Mil. Mind Medicine's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Therefore, Mind Medicine's pretax margin for the quarter that ended in Mar. 2024 was %.

The historical rank and industry rank for Mind Medicine's Pretax Margin % or its related term are showing as below:


MMCWF's Pretax Margin % is not ranked *
in the Biotechnology industry.
Industry Median: -155.495
* Ranked among companies with meaningful Pretax Margin % only.

Mind Medicine Pretax Margin % Historical Data

The historical data trend for Mind Medicine's Pretax Margin % 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.

* Premium members only.

Mind Medicine Pretax Margin % Chart

Mind Medicine Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Pretax Margin %
- - - -

Mind Medicine Quarterly Data
Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Mind Medicine's Pretax Margin %

For the Biotechnology subindustry, Mind Medicine's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mind Medicine's Pretax Margin % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Mind Medicine's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Mind Medicine's Pretax Margin % falls into.



Mind Medicine Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Mind Medicine's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-95.732/0
= %

Mind Medicine's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-54.4/0
= %

* 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.


Mind Medicine  (OTCPK:MMCWF) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Mind Medicine Pretax Margin % Related Terms

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Mind Medicine (Mind Medicine) Business Description

Traded in Other Exchanges
Address
One World Trade Center, Suite 8500, New York, NY, USA, 10007
Mind Medicine Inc is a psychedelic medicine biotech company that discovers, develops, and deploys psychedelic inspired medicines and therapies to address addiction and mental illness. The company is assembling a compelling drug development pipeline of treatments based on psychedelic substances including Psilocybin, LSD, MDMA, DMT, and an Ibogaine derivative, 18-MC. The firm is having an approach towards developing the next generation of psychedelic inspired medicines and therapies.