Overview
- IndustryPharmaceutical Preparations1
- HeadquartersFoster City, California1
- Incorporated inIsrael2
- Business address320 Hatch Drive, Foster City, Ca 944042
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Notable continuing after the merger as the surviving entity and a wholly owned subsidiary of the Company (the “Merger”).3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue4¢$197.0K
- Research and development96¢$4.7M
Out of $310.0K in revenue.4 The company lost money this year.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $13.9M5 | $585.0K6 | $562.0K7 | $922.0K7 | $768.0K8 | $8.0K4 | $310.0K4 |
| Cost of revenue | $255.0K6 | $222.0K7 | $394.0K7 | $365.0K8 | $104.0K8 | $197.0K4 | |
| Gross profit | $13.5M5 | $330.0K6 | $340.0K7 | $528.0K7 | $403.0K8 | $8.0K4 | $113.0K4 |
| Research and development | $15.2M6 | $14.7M7 | $19.7M7 | $22.7M8 | $7.8M4 | $4.7M4 | |
| Operating expenses | $12.9M4 | $14.8M4 | |||||
| Operating income | $10.1M5 | $21.2M6 | -$20.1M7 | -$24.5M7 | -$30.0M8 | -$12.9M4 | -$14.7M4 |
| Interest | $159.0K6 | $184.0K7 | $105.0K7 | $44.0K8 | $85.0K8 | ||
| Net income | $20.5M6 | -$19.4M7 | -$24.2M7 | -$29.9M8 | -$14.4M4 | -$11.3M4 | |
| Earnings per share | $0.458 | -$21.974 | -$3.414 | ||||
| Earnings per share (diluted) | -$21.974 | -$3.414 | |||||
| Shares (weighted, basic) | 66.3M shares8 | 655.7K shares4 | 3.3M shares4 | ||||
| Shares (weighted, diluted) | 655.7K shares4 | 3.3M shares4 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $6.7M5 | $29.3M6 | $9.4M7 | $13.2M7 | $22.0M8 | $1.6M4 | $11.8M4 |
| Current assets | $37.8M6 | $32.0M7 | $54.8M8 | $3.0M4 | $15.5M4 | ||
| Property, plant and equipment | $6.8M8 | $442.0K4 | $316.0K4 | ||||
| Total assets | $65.7M11 | $60.7M5 | $49.0M6 | $41.7M7 | $64.7M8 | $5.5M4 | $19.5M4 |
| Current liabilities | $8.7M6 | $7.5M7 | $9.9M8 | $2.0M4 | $2.7M4 | ||
| Long-term liabilities | $2.6M8 | $477.0K8 | |||||
| Total liabilities | $9.8M11 | $7.6M5 | $13.0M6 | $10.8M7 | $12.5M8 | $7.1M4 | $4.4M4 |
| Retained earnings | -$262.1M8 | -$71.0M4 | -$82.3M4 | ||||
| Shareholders’ equity | $56.0M6 | $53.2M7 | $36.0M7 | $30.9M8 | -$53.9M4 | -$37.0M4 | $15.1M4 |
| Shares outstanding | 29.9M shares12 | 35.9M shares11 | 35.9M shares5 | 48.2M shares6 | 69.3M shares7 | 970.2K shares4 | 0 shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$3.8M5 | -$15.7M6 | -$13.1M7 | -$23.4M7 | -$25.0M8 | -$11.6M4 | -$13.7M4 |
| Stock-based compensation | $2.0M8 | $581.0K4 | $589.0K4 | ||||
| Capital spending | $6.5M5 | $2.2M6 | $73.0K7 | $51.0K7 | $1.5M8 | $41.0K4 | $65.0K4 |
| Free cash flow | -$10.3M | -$17.9M | -$13.2M | -$23.4M | -$26.4M | -$11.7M | -$13.8M |
| Cash from investing | -$15.5M8 | $924.0K4 | $15.5M4 | ||||
| Cash from financing | $49.1M8 | $9.9M4 | $7.8M4 |
Corporate structure
Notable Labs, Ltd. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Notable Labs, Ltd.
- James Jimin Kim Filed SC 13D/A on Notable Labs, Ltd., latest Aug 9, 2024
- FR Capital Holdings, L.P. Filed SC 13G/A on Notable Labs, Ltd., latest Jan 11, 2024 (2 filings since Oct 26, 2023)
- B Capital Fund II, L.P. Filed SC 13G on Notable Labs, Ltd., latest Oct 26, 2023
- Builders VC Fund I (Canada), L.P. Filed SC 13D on Notable Labs, Ltd., latest Oct 19, 2023
- David Mark Slager Filed SC 13G on Notable Labs, Ltd., latest Feb 1, 2022
- Aurum Ventures M.K.I. Ltd. Filed SC 13G/A on Notable Labs, Ltd., latest Jan 31, 2022
- Thai Lee Family Trust Filed SC 13D/A on Notable Labs, Ltd., latest Nov 15, 2021
- Notable Labs, Ltd. Foster City, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Notable Labs, Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.3M4 Dec 31, 2023 | $2.2M4 Dec 31, 2022 | +3.1% |
| Accumulated depreciation | $2.0M4 Dec 31, 2023 | $1.8M4 Dec 31, 2022 | +11.0% |
| Property and equipment, net | $316.0K4 Dec 31, 2023 | $442.0K4 Dec 31, 2022 | −28.5% |
| Finance-lease assets | $337.0K4 Dec 31, 2023 | ||
| Operating-lease assets (leased space) | $1.7M4 Dec 31, 2023 | $357.0K4 Dec 31, 2022 | +374.5% |
Investments
Leadership
Who has led Notable Labs, Ltd., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerKaile A. Zagger Sep 26, 2024 to Sep 26, 202413
- Chief executive officerDror Harats Jan 3, 2023 to Jan 3, 202314
- Chief executive officerThomas Bock Oct 18, 2023 to May 10, 202415
- Chief financial officerSamuel Backenroth Jan 3, 2023 to Apr 18, 202316
- Chief financial officerScott Alan McPherson Oct 18, 2023 to Oct 18, 202317
Board members and other officers (13)
- Chief Scientific OfficerJoseph P. Wagner Oct 18, 2023 to May 10, 202418
- Board memberDavid C. Hastings Jan 3, 2023 to Jan 3, 202319
- Board memberDror Harats Jan 3, 2023 to Jan 3, 202314
- Board memberMarc D. Kozin Jan 3, 2023 to Jan 3, 202320
- Board memberRuth Alon Jan 3, 2023 to Jan 3, 202321
- Board memberYehuda Michael Rice Jan 3, 2023 to Jan 26, 202422
- Board memberZvi Shmuel Ben Jan 3, 2023 to Jan 3, 202323
- Board memberMichele Galen Oct 18, 2023 to May 10, 202424
- Board memberPeter Feinberg Oct 18, 2023 to May 10, 202425
- Board memberThomas Bock Oct 18, 2023 to May 10, 202415
- Board memberThomas Graney Oct 18, 2023 to May 10, 202426
- Board memberThomas I. H. Dubin Oct 18, 2023 to May 10, 202427
- Board memberTuomo Patsi Oct 18, 2023 to May 10, 202428
Former names
- Vascular Biogenics Ltd.Mar 25, 2014 to Oct 12, 20232
Timeline
- Oct 16, 20248-K Listing notice or transfer29
- Oct 15, 20248-K Bankruptcy or receivership; Executive or director change30
- Sep 26, 2024New chief executive Kaile A. Zagger becomes CEO13
- Sep 19, 20248-K Exit or restructuring costs31
- Sep 16, 20248-K Executive or director change32
- Aug 26, 20248-K Executive or director change; Regulation FD disclosure33
- Aug 6, 20248-K Regulation FD disclosure34
- Jul 24, 20248-K Other events35
- Jul 19, 20248-K Listing notice or transfer36
- May 30, 20248-K Regulation FD disclosure37
- May 6, 20248-K Regulation FD disclosure38
- Apr 12, 20248-K Results of operations39
- Apr 9, 20248-K Other events40
- Oct 18, 2023New chief executive Thomas Bock becomes CEO15
- Jan 3, 2023New chief executive Dror Harats becomes CEO14
Calendar
When it reported results
- Apr 12, 2024Reported quarterly or annual results39
- Nov 14, 2023Reported quarterly or annual results41
- Aug 14, 2023Reported quarterly or annual results42
- May 15, 2023Reported quarterly or annual results43
- Mar 14, 2023Reported quarterly or annual results44
- Feb 23, 2023Reported quarterly or annual results45
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
157 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 37 major events, 37 insider forms, 8 large holders, 67 other. The latest 20:
- Aug 18, 2025SEC STAFF ACTION EDGAR
- Oct 16, 20248-K EDGAR
- Oct 15, 20248-K EDGAR
- Sep 26, 20243 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Sep 19, 20248-K EDGAR
- Sep 16, 20248-K EDGAR
- Aug 29, 2024S-1/A EDGAR
- Aug 26, 2024S-1/A EDGAR
- Aug 26, 20248-K EDGAR
- Aug 14, 202410-Q EDGAR
- Aug 9, 2024SC 13D/A EDGAR
- Aug 6, 20248-K EDGAR
- Jul 24, 20248-K EDGAR
- Jul 19, 20248-K EDGAR
- Jul 1, 2024S-1/A EDGAR
- Jun 20, 2024S-1 EDGAR
- May 30, 20248-K EDGAR
- May 15, 202410-Q EDGAR
- May 10, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- May 10, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
The 157 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
7 open-market trades by officers, directors and large owners since October 2021: 0 buys and 7 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jan 2, 2024 | FR Capital Holdings, L.P. | Sale | 50,000 | $1.89 | $94.5K | Form 4 |
| Dec 29, 2023 | FR Capital Holdings, L.P. | Sale | 6,000 | $1.83 | $11.0K | Form 4 |
| Dec 28, 2023 | FR Capital Holdings, L.P. | Sale | 21,500 | $2.01 | $43.2K | Form 4 |
| Dec 27, 2023 | FR Capital Holdings, L.P. | Sale | 20,033 | $2.08 | $41.7K | Form 4 |
| Dec 26, 2023 | FR Capital Holdings, L.P. | Sale | 11,456 | $2.16 | $24.7K | Form 4 |
| Dec 22, 2023 | FR Capital Holdings, L.P. | Sale | 45,000 | $2.41 | $108.5K | Form 4 |
| Dec 21, 2023 | FR Capital Holdings, L.P. | Sale | 2,867 | $2.51 | $7.2K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- James Jimin KimSC 13D/A, 1 filing Aug 9, 202446
- FR Capital Holdings, L.P.SC 13G/A, 2 filings Oct 26, 2023 to Jan 11, 202447
- B Capital Fund II, L.P.SC 13G, 1 filing Oct 26, 202348
- Builders VC Fund I (Canada), L.P.SC 13D, 1 filing Oct 19, 202349
- David Mark SlagerSC 13G, 1 filing Feb 1, 202250
- Aurum Ventures M.K.I. Ltd.SC 13G/A, 1 filing Jan 31, 202251
- Thai Lee Family TrustSC 13D/A, 1 filing Nov 15, 202152
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- PPP loans $1.8M
Figures by year
| Year | PPP loans | Total |
|---|---|---|
| 2021 | $1.0M | $1.0M |
| 2020 | $765.1K | $765.1K |
PPP loans
Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA53. Matched to this company by name and state.
SEC filer profile
How Notable Labs, Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNotable Labs, Ltd.1
- CIK0001603207
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inIsrael1
- Fiscal year endsDecember 311
- Industry code (SIC)2834 Pharmaceutical Preparations1
- SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
- Business address320 Hatch Drive, Foster City, CA 944041
- Phone415-851-24101
- Shares outstanding9,659,496 as of Aug 14, 202410
- Public float$15.8M as of Jun 30, 20234
- On EDGAR sinceMar 25, 20141
- Filings355 in all: 6-K (106), 8-K (35), 3 (20), 4 (18), 425 (16), CORRESP (15), UPLOAD (14), 424B5 (12)1
All 47 form types
SC 13G (12), SC 13G/A (10), 20-F (8), EFFECT (8), S-8 (8), SC 13D/A (6), 10-Q (5), 424B3 (5), 6-K/A (5), S-4/A (5), F-1/A (4), CT ORDER (3), F-3 (3), S-1/A (3), 10-K (2), 424B4 (2), 8-K/A (2), DRS/A (2), F-1 (2), FWP (2), POS AM (2), SC 13D (2), SEC STAFF LETTER (2), 20-F/A (1), 25-NSE (1), 424B8 (1), 8-A12B (1), ARS (1), CERTNAS (1), DEF 14A (1), DRS (1), F-3/A (1), NT 10-K (1), PRE 14A (1), RW (1), S-1 (1), S-3 (1), S-4 (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Apr 11, 2024
Quarterly report (10-Q) Aug 14, 2024
Proxy statement (DEF 14A) Feb 16, 2024
Latest 8-K (8-K) Oct 16, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARDror Harats, Chief executive officer
- 15SEC EDGARThomas Bock, Chief executive officer
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- 19SEC EDGARDavid C. Hastings, Board member
- 20SEC EDGARMarc D. Kozin, Board member
- 21SEC EDGARRuth Alon, Board member
- 22SEC EDGARYehuda Michael Rice, Board member
- 23SEC EDGARZvi Shmuel Ben, Board member
- 24SEC EDGARMichele Galen, Board member
- 25SEC EDGARPeter Feinberg, Board member
- 26SEC EDGARThomas Graney, Board member
- 27SEC EDGARThomas I. H. Dubin, Board member
- 28SEC EDGARTuomo Patsi, Board member
- 29SEC EDGARListing notice or transfer
- 30
- 31SEC EDGARExit or restructuring costs
- 32SEC EDGARExecutive or director change
- 33
- 34SEC EDGARRegulation FD disclosure
- 35SEC EDGAROther events
- 36SEC EDGARListing notice or transfer
- 37SEC EDGARRegulation FD disclosure
- 38SEC EDGARRegulation FD disclosure
- 39SEC EDGARResults of operations
- 40SEC EDGAROther events
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