Private company

Societal CDMO, Inc.

Societal CDMO, Inc. is an American pharmaceutical preparations company based in Exton, active since 2007.2

Last updated Oct 21, 2026.

Overview

  • IndustryPharmaceutical Preparations2
  • HeadquartersExton, United States2
  • Incorporated inPA3
  • Business address1 E. Uwchlan Ave, Suite 112, Exton, Pa 193413
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formBusiness Corporation2
  • LEI2549004EL1Z016VYWA542
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address1 E. UWCHLAN AVE, 19341 Exton, United States2
  • Registered withPennsylvania Department of State, 37691022

On February 28, 2024, we entered into an Agreement and Plan of Merger, or the Merger Agreement, with CoreRx, Inc., or CoreRx, and Cane Merger Sub, Inc., a wholly owned subsidiary of CoreRx, or Merger Sub. Pursuant to the Merger Agreement, and upon the terms and subject to the conditions therein, CoreRx will commence a tender offer, or the Offer, to acquire all of our issued and outstanding shares of common stock, par value $0.01 per share, for approximately $1.10 per share of our common stock, or the Offer Price, in cash, subject to any applicable withholding of taxes and without interest. The Offer will initially expire one minute following 11:59 p.m. (Eastern Time) on the date that is 20 business days following the commencement of the Offer, subject to extension under certain circumstances.5 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

-3.8%Operating margin6
-14.0%Net margin6
4.9%Revenue growth, 20236
-22.6%Return on equity6
0.01×Debt to equity6
-$9.2MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue71¢$76.5M
  • Selling, general and admin20¢$21.0M
  • Interest9¢$10.0M
  • Income tax0¢$132.0K

Out of $94.6M in revenue.6 The company lost money this year.

Financial statements

Revenue789106$94.6M in 2023+32% since 2017
0$25.0M$50.0M$75.0M$100.0M2017: $71.8M$71.8M20172018: $77.3M$77.3M2018+8%2019: $99.2M$99.2M2019+28%2020: $66.5M$66.5M2020−33%2021: $75.4M$75.4M2021+13%2022: $90.2M$90.2M2022+20%2023: $94.6M$94.6M2023+5%
Operating income1189106-$3.6M in 2023−91% since 2017
-$60.0M-$40.0M-$20.0M0$20.0M$40.0M2017: -$40.3M-$40.3M20172018: $12.5M$12.5M20182019: $23.6M$23.6M2019+89%2020: -$8.3M-$8.3M20202021: $412.0K$412.0K20212022: $279.0K$279.0K2022−32%2023: -$3.6M-$3.6M2023
Net income789106-$13.3M in 2023−73% since 2017
-$80.0M-$60.0M-$40.0M-$20.0M02017: -$50.1M-$50.1M20172018: -$79.7M-$79.7M2018+59%2019: -$18.6M-$18.6M2019−77%2020: -$27.5M-$27.5M2020+48%2021: -$11.4M-$11.4M2021−59%2022: -$19.9M-$19.9M2022+75%2023: -$13.3M-$13.3M2023−33%
Fiscal year2017201820192020202120222023
Revenue$71.8M7$77.3M8$99.2M9$66.5M10$75.4M6$90.2M6$94.6M6
Cost of revenue$38.2M7$43.2M8$51.0M9$54.1M10$55.5M6$67.1M6$76.5M6
Research and development$4.5M7$4.4M8
Selling, general and admin$14.3M7$14.4M8$19.9M9$18.1M10$18.4M6$22.0M6$21.0M6
Operating expenses$74.9M6$89.9M6$98.2M6
Operating income-$40.3M11$12.5M8$23.6M9-$8.3M10$412.0K6$279.0K6-$3.6M6
Interest$12.0M7$8.1M8$19.0M9$19.2M10$15.1M6$14.2M6$10.0M6
Income before tax-$11.4M6-$18.8M6-$13.1M6
Income tax$7.3M7$17.4M8$09$010$06$1.1M6$132.0K6
Net income-$50.1M7-$79.7M8-$18.6M9-$27.5M10-$11.4M6-$19.9M6-$13.3M6
Earnings per share-$2.637-$3.908-$0.839-$1.1610-$0.266-$0.346-$0.146
Earnings per share (diluted)-$2.637-$3.908-$0.799-$1.1610-$0.266-$0.346-$0.146
Shares (weighted, basic)44.1M shares657.9M shares695.2M shares6
Shares (weighted, diluted)44.1M shares657.9M shares695.2M shares6

Compare Societal CDMO, Inc. with another company

Corporate structure

Societal CDMO, Inc. sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Societal CDMO, Inc.

  • Societal CDMO, Inc. Exton, Pennsylvania, United States
    • Societal CDMO Gainesville Development, LLC Subsidiary · Delaware, United States
    • Societal CDMO Gainesville, LLC Subsidiary · Massachusetts, United States
    • Societal CDMO San Diego, LLC Subsidiary · California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Societal CDMO, Inc. 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

ItemLatestA year beforeChange
Property and equipment, before depreciation$102.3M6 Dec 31, 2023$94.8M6 Dec 31, 2022+7.9%
Accumulated depreciation$52.5M6 Dec 31, 2023$44.4M6 Dec 31, 2022+18.2%
Property and equipment, net$49.8M6 Dec 31, 2023$50.4M6 Dec 31, 2022−1.1%
Operating-lease assets (leased space)$5.0M6 Dec 31, 2023$5.5M6 Dec 31, 2022−8.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$8.1M6 Dec 31, 2023$15.0M6 Dec 31, 2022−46.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$41.1M6 Dec 31, 2023$41.1M6 Dec 31, 20220%
Intangible assets, net (excluding goodwill)$2.2M6 Dec 31, 2023$2.9M6 Dec 31, 2022−23.5%
Finite-lived intangibles, gross$19.7M6 Dec 31, 2023$19.7M6 Dec 31, 20220%
Accumulated amortization$17.4M6 Dec 31, 2023$16.7M6 Dec 31, 2022+4.1%
Finite-lived intangibles, net$2.2M6 Dec 31, 2023$2.9M6 Dec 31, 2022−23.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$10.3M6 Dec 31, 2023$10.3M6 Dec 31, 2022−0.4%
Raw materials$5.3M6 Dec 31, 2023$4.3M6 Dec 31, 2022+23.6%
Work in process$3.3M6 Dec 31, 2023$3.7M6 Dec 31, 2022−10.3%
Finished goods$1.6M6 Dec 31, 2023$2.3M6 Dec 31, 2022−29.6%

Leadership

Who has led Societal CDMO, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (22)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Societal CDMO Gainesville Development, LLC Delaware4
  • Societal CDMO Gainesville, LLC Massachusetts4
  • Societal CDMO San Diego, LLC California4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Recro Pharma, Inc.Oct 24, 2013 to Mar 21, 20223

Timeline

  1. Apr 8, 20248-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer39
  2. Mar 15, 20248-K Other events40
  3. Feb 28, 20248-K Entered a material agreement; Regulation FD disclosure41
  4. Nov 28, 20238-K Entered a material agreement; Listing notice or transfer42
  5. Nov 8, 20238-K Results of operations; Regulation FD disclosure43
  6. Sep 20, 20238-K Exit or restructuring costs; Regulation FD disclosure44
  7. Aug 28, 20238-K Entered a material agreement45
  8. Aug 23, 20238-K Executive or director change46
  9. Aug 14, 20238-K Results of operations; Regulation FD disclosure47
  10. May 26, 20238-K Listing notice or transfer48
  11. May 18, 20238-K Shareholder vote49
  12. May 10, 20238-K Results of operations; Regulation FD disclosure50
  13. Dec 18, 2020New chief executive J. David Enloe Jr. becomes CEO14
  14. Mar 13, 2014New chief executive Geraldine Henwood becomes CEO15
  15. Nov 15, 2007Founded Societal CDMO, Inc. is founded2

Calendar

When it reported results

  1. Nov 8, 2023Reported quarterly or annual results43
  2. Aug 14, 2023Reported quarterly or annual results47
  3. May 10, 2023Reported quarterly or annual results50
  4. Mar 1, 2023Reported quarterly or annual results51
  5. Nov 9, 2022Reported quarterly or annual results52
  6. Aug 10, 2022Reported quarterly or annual results53
  7. May 11, 2022Reported quarterly or annual results54
  8. Mar 1, 2022Reported quarterly or annual results55

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

240 filings to the SEC since October 2021: 4 annual reports, 7 quarterly reports, 36 major events, 104 insider forms, 21 large holders, 68 other. The latest 20:

  1. Apr 18, 202415-12G EDGAR
  2. Apr 11, 2024EFFECT EDGAR
  3. Apr 11, 2024EFFECT EDGAR
  4. Apr 11, 2024EFFECT EDGAR
  5. Apr 9, 2024SC 13D/A EDGAR
  6. Apr 8, 2024POS AM EDGAR
  7. Apr 8, 2024POS AM EDGAR
  8. Apr 8, 2024POS AM EDGAR
  9. Apr 8, 2024S-8 POS EDGAR
  10. Apr 8, 2024S-8 POS EDGAR
  11. Apr 8, 2024S-8 POS EDGAR
  12. Apr 8, 2024S-8 POS EDGAR
  13. Apr 8, 2024S-8 POS EDGAR
  14. Apr 8, 2024S-8 POS EDGAR
  15. Apr 8, 2024S-8 POS EDGAR
  16. Apr 8, 2024S-8 POS EDGAR
  17. Apr 8, 2024S-8 POS EDGAR
  18. Apr 8, 2024S-8 POS EDGAR
  19. Apr 8, 2024S-8 POS EDGAR
  20. Apr 8, 2024S-8 POS EDGAR

The 240 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

35 open-market trades by officers, directors and large owners since October 2021: 29 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 28, 2023Ashton WilliamDirectorBuy22,222$0.46$10.2KForm 4
Aug 28, 2023ENLOE J DAVID JRChief Executive OfficerBuy125,000$0.40$50.0KForm 4
Aug 28, 2023Reasons Bryan M.DirectorBuy62,500$0.40$25.0KForm 4
Aug 28, 2023Weisman WayneDirectorBuy62,500$0.40$25.0KForm 4
Aug 28, 2023Miller James CharlesDirectorBuy37,500$0.40$15.0KForm 4
Aug 28, 2023Cant ElenaDirectorBuy30,000$0.40$12.0KForm 4
Aug 28, 2023CHURCHILL WINSTON JDirectorBuy62,500$0.40$25.0KForm 4
Aug 24, 2023AWM Investment Company, Inc.10% ownerBuy140,000$0.40$56.0KForm 4
Aug 24, 2023First Light Asset Management, LLCDirectorBuy6,250,000$0.40$2.5MForm 4
Apr 27, 2023AWM Investment Company, Inc.10% ownerSale370,000$0.70$259.0KForm 4
Nov 15, 2022ENLOE J DAVID JRChief Executive OfficerBuy660$1.71$1.1KForm 4
Oct 17, 2022ENLOE J DAVID JRChief Executive OfficerBuy625$1.69$1.1KForm 4
Sep 15, 2022ENLOE J DAVID JRChief Executive OfficerBuy714$1.41$1.0KForm 4
Aug 15, 2022ENLOE J DAVID JRChief Executive OfficerBuy757$1.26$954Form 4
Jul 15, 2022ENLOE J DAVID JRChief Executive OfficerBuy1,150$0.81$932Form 4
Jun 15, 2022ENLOE J DAVID JRChief Executive OfficerBuy1,562$0.68$1.1KForm 4
May 16, 2022ENLOE J DAVID JRChief Executive OfficerBuy1,086$0.96$1.0KForm 4
Apr 20, 2022AWM Investment Company, Inc.10% ownerBuy12,100$1.56$18.9KForm 4
Apr 19, 2022AWM Investment Company, Inc.10% ownerBuy12,100$1.56$18.9KForm 4
Apr 18, 2022AWM Investment Company, Inc.10% ownerBuy15,600$1.55$24.2KForm 4

All 35 trades can be filtered by person here when JavaScript is on.

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.

SEC filer profile

How Societal CDMO, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSocietal CDMO, Inc.1
  • CIK0001588972
  • Employer ID (EIN)26-15232331
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inPennsylvania1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2834 Pharmaceutical Preparations1
  • SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
  • Business address1 E. Uwchlan Ave, Suite 112, Exton, PA 193411
  • Phone770-534-82391
  • Shares outstanding110,550,922 as of Apr 1, 202468
  • Public float$94.3M as of Dec 31, 202368
  • On EDGAR sinceOct 24, 20131
  • Filings934 in all: 4 (331), 8-K (192), SC 13G/A (38), 4/A (35), 3 (34), 10-Q (30), 424B3 (30), SC 13G (26)1
    All 47 form types

    CORRESP (21), S-8 (20), S-8 POS (20), 424B5 (15), EFFECT (12), UPLOAD (12), 10-K (10), 8-K/A (9), CT ORDER (9), DEF 14A (9), DEFA14A (9), SC 13D/A (9), S-1/A (8), S-3 (5), SC 13D (5), POS AM (4), 3/A (3), PRE 14A (3), S-1 (3), S-3/A (3), SC 14D9/A (3), SC TO-T/A (3), SC14D9C (3), 424B4 (2), ARS (2), D (2), SC TO-I/A (2), 10-K/A (1), 144 (1), 15-12G (1), 25-NSE (1), 5 (1), 8-A12B (1), CERTNAS (1), FWP (1), S-1MEF (1), SC 14D9 (1), SC TO-I (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Mar 22, 2024
    Quarterly report (10-Q) Nov 8, 2023
    Proxy statement (DEF 14A) Apr 6, 2023
    Latest 8-K (8-K) Apr 8, 2024

Sources

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