EXHIBIT 12.1
Published on March 7, 2018
Exhibit 12.1
TREVENA, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
2013 |
2014 |
2015 |
2016 |
2017 |
|||||||||||||||
(in thousands) |
|||||||||||||||||||
Determination of earnings |
|||||||||||||||||||
Income/(loss) before income taxes |
$ |
(23,251 |
) |
$ |
(49,701 |
) |
$ |
(50,528 |
) |
$ |
(102,994 |
) |
$ |
(71,865 |
) |
||||
Add: |
|||||||||||||||||||
Fixed Charges |
303 |
234 |
531 |
1,927 |
3,232 |
||||||||||||||
Total Earnings/(loss) |
(22,948 |
) |
(49,467 |
) |
(49,997 |
) |
(101,067 |
) |
(68,633 |
) |
|||||||||
Fixed charges: |
|||||||||||||||||||
Interest expense and amortization of debt discount and deferred financing costs |
150 |
71 |
334 |
1,738 |
2,781 |
||||||||||||||
Estimated interest component of rent expense |
153 |
163 |
197 |
189 |
541 |
||||||||||||||
Total fixed charges |
303 |
234 |
531 |
1,927 |
3,322 |
||||||||||||||
Ratio of earnings to fixed charges(1) |
|||||||||||||||||||
Deficiency of earnings to cover fixed charges |
$ |
23,251 |
$ |
49,701 |
$ |
50,528 |
$ |
102,994 |
$ |
71,865 |
|||||||||
____________________________________________
(1) For all periods presented, no ratios are provided as earnings were insufficient to cover fixed charges.