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1. Company Snapshot

1.a. Company Description

DermTech, Inc., a molecular diagnostic company, develops and markets novel non-invasive genomics tests to diagnosis skin cancer, inflammatory diseases, and aging-related conditions in the United States.It offers DermTech Melanoma Test (DMT), a gene expression test that enhances early detection of genomic atypia and helps rule out melanoma and the need for a surgical biopsy of atypical pigmented lesions.The company also provides adhesive skin sample collection kits, as well as gene expression assays for the Th1, Th2, IFN-gamma, and Th17 inflammatory pathways.


In addition, it is developing UV damage DNA risk assessment products, as well as non-melanoma skin cancer diagnostic and cutaneous T-cell lymphoma rule out test products, as well as offering health-related and information services through electronic information and telecommunication technologies.The company sells its products primarily to pathology and oncology practitioners.DermTech, Inc.


is headquartered in La Jolla, California.

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1.b. Last Insights on DMTK

DermTech, Inc. (DMTK) stock plummeted -73.0% over the past 3 weeks, driven by a series of negative events. The company received a notice from the Nasdaq Exchange to delist its shares, and subsequently filed for voluntary Chapter 11 bankruptcy protection. This led to a sharp decline in investor confidence, resulting in a significant drop in stock value.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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DERMTECH ALERT: Bragar Eagel & Squire, P.C. is Investigating DermTech, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Jun -11

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Why Is DermTech (DMTK) Stock Down 26% Today?

Jun -24

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Crude Oil Rises 1%; DermTech Shares Plummet

Jun -18

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DermTech Files for Voluntary Chapter 11 Protection

Jun -18

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DermTech Reports First-Quarter 2024 Financial Results

May -14

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DermTech to Explore Strategic Alternatives and Implement Restructuring Plan

Apr -18

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DermTech Presents Research Abstracts at the 2024 American Academy of Dermatology (AAD) Annual Meeting and New Research Published in the Journal of Investigative Dermatology

Mar -08

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DermTech, Inc. (DMTK) Q4 2023 Earnings Call Transcript

Mar -01

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (14.19%)

6. Segments

DermTech Melanoma Test

Expected Growth: 14.1%

Increasing incidence of melanoma, growing demand for non-invasive diagnostic tests, and advancements in genomic biomarkers drive growth in the DermTech Melanoma Test market.

Smart Stickers

Expected Growth: 15.4%

Growing demand for non-invasive diagnostic tools, increasing skin cancer incidence, and advancements in genomic analysis drive the adoption of Smart Stickers, enabling early detection of skin cancers and other skin conditions.

Ribonucleic Acid Extractions

Expected Growth: 14.1%

Growing demand for non-invasive diagnostic tests, increasing skin cancer incidence, and advancements in RNA extraction technology drive the growth of DermTech's RNA extractions for skin cancer detection and other skin-related diseases.

Project Management

Expected Growth: 15.4%

Increasing adoption of digital health technologies, growing demand for non-invasive skin cancer detection, and advancements in AI-driven diagnostics drive growth in DermTech's project management for skin cancer detection and diagnosis.

7. Detailed Products

PigmentNetwork

A non-invasive, adhesive patch-based test that uses artificial intelligence to detect skin cancer, including melanoma, from a small skin sample.

DermTech Melanoma Test

A gene expression test that analyzes a skin sample to detect melanoma, the deadliest form of skin cancer.

DermTech Adnexal Test

A gene expression test that analyzes a skin sample to detect skin cancers, including basal cell carcinoma and squamous cell carcinoma.

8. DermTech, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

DermTech's proprietary technology and strong patent portfolio reduce the threat of substitutes, but the company still faces competition from traditional biopsy methods.

Bargaining Power Of Customers

DermTech's customers, primarily dermatologists and healthcare providers, have limited bargaining power due to the company's unique offerings and strong market position.

Bargaining Power Of Suppliers

DermTech has a diversified supplier base, reducing dependence on any single supplier, and the company's strong financial position gives it negotiating power.

Threat Of New Entrants

The threat of new entrants is high due to the growing demand for non-invasive skin cancer detection methods, but DermTech's strong patent portfolio and established market position provide a barrier to entry.

Intensity Of Rivalry

The intensity of rivalry is moderate due to the presence of competitors in the skin cancer detection market, but DermTech's unique technology and strong market position help to differentiate it from competitors.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 48.75%
Debt Cost 3.95%
Equity Weight 51.25%
Equity Cost 16.74%
WACC 10.50%
Leverage 95.14%

11. Quality Control: DermTech, Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Aclaris Therapeutics

A-Score: 4.7/10

Value: 6.8

Growth: 6.7

Quality: 4.0

Yield: 0.0

Momentum: 9.5

Volatility: 1.0

1-Year Total Return ->

Stock-Card
Inotiv

A-Score: 3.6/10

Value: 9.8

Growth: 3.2

Quality: 4.6

Yield: 0.0

Momentum: 3.5

Volatility: 0.3

1-Year Total Return ->

Stock-Card
DermTech

A-Score: 3.6/10

Value: 10.0

Growth: 3.3

Quality: 2.7

Yield: 0.0

Momentum: 5.0

Volatility: 0.3

1-Year Total Return ->

Stock-Card
T2 Biosystems

A-Score: 3.2/10

Value: 10.0

Growth: 4.7

Quality: 4.8

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

Stock-Card
bioAffinity Technologies

A-Score: 3.1/10

Value: 9.8

Growth: 4.6

Quality: 4.0

Yield: 0.0

Momentum: 0.5

Volatility: 0.0

1-Year Total Return ->

Stock-Card
Bionano Genomics

A-Score: 3.1/10

Value: 9.8

Growth: 4.3

Quality: 3.0

Yield: 0.0

Momentum: 0.5

Volatility: 0.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.09$

Current Price

0.09$

Potential

-0.00%

Expected Cash-Flows