On this page of Benford's Law Stocks.com we present our study of PALATIN TECHNOLOGIES INC. — ticker symbol PTN. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 2/14/2022 to 5/15/2024 for PALATIN TECHNOLOGIES INC. under CIK number 0000911216. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for PTN, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for PALATIN TECHNOLOGIES INC. based on the past PTN filings our system processed in the past.
31.2
17.4
8.5
13.6
5.9
4.3
5.9
7.9
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, PTN stockholder letter ]
Total numbers found: 507
Recent share count: 16,136,640 (1's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
507
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 5 numbers to move any given column by a full percentage point.
62

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 3's percentage was below the typical coverage universe range.
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 5's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 6's percentage was below the typical coverage universe range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
PTN
Low score compared to other filers, falling in the bottom quartile.
VANI
KNW
SRCO
SGN
FSP
MSN
IRON
ELTX
Check our work! We provide our PALATIN TECHNOLOGIES INC. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the PTN filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 158 numbers that start with the digit 1. Here they are:
10000000
11656714
16136640
121584
1033491
16,136,640
10,014,088
1,897,281
10,268,642
16,321,513
11,406,237
17,939,440
106,392
15,131,830
1,032,300
1,850,544
19,655,911
10,000,000
16,136,640
11,656,714
161,366
116,567
1,578,935
1,979,871
11,406,237
17,939,440
1,195,675
129,235
17,728,516
15,224,896
10,220,518
1,027,322
18,294,140
14,154,050
139,273
1,254
13,741
18,523
1,115,765
1,521,413
1,368,069
18,892,293
14,217,294
1.53
1.34
15,792,421
11,432,380
14,013,848
10,613,830
14,305,137
143,051
11,384,426
1,831,503
18,315
11,423,203
11,423,203
16,136,640
161,366
1,578,935
11,656,714
116,567
1,979,871
1,329,518
1,330,502
11,423,203
11,423,203
16,136,640
161,366
1,578,935
10,354,498
103,545
11,531,386
11,152,680
111,527
13,500,000
1,500,000
15,000,000
16,267,875
1,451,497
1,452,338
145,857
146,062
13,500,000
1,500,000
15,000,000
1,020,000
10,200
155,154
165,354
14,217,294
14,217,294
11,152,680
111,527
14,217,294
1,330,502
1,452,338
1,027,322
1,206,564
1,154,355
1,339,183
1,010,416
19,665,582
12,455,275
146,062
14,693,779
103
14,558,216
10,306,824
10,014,088
19,632,330
13,741
18,523
11,423,203
1,850,544
1,521,413
1,115,765
1,195,675
171,000,000
159,000,000
1,027,322
141,512
159,774
1,897,281
1,366,822
121,121
1,563,847
1,266,653
11,972
1,032,300
1,032,300
1.67
12.50
15,000,000
15,750,000
15,000,000
150,995
100
1.33
100
100
10,000,006
1,033,491
1,744,542
16,434
126,800
1,565,406
12.50
1,818,182
117,925
1,831,503
1,550,600
1,550,600
14.18
143,360
124,220
185,019
18,000
152,432
We found 88 numbers that start with the digit 2. Here they are:
21485683
279700
2,992,890
2,915,760
254,554
2,364,964
2,280,150
262,220
2,083,200
263,400
2,033,410
25,202
24,732,530
21,640,785
234,044
272,929
215,600
2,748,492
21,485,683
21,485,683
263,400
25,467
255
2,048,530
20,485
2,358,491
23,585
2,366,318
2,389,903
263,400
263,400
263,400
21,485,683
21,485,683
20,468
205
263,400
263,400
263,400
263,400
21,485,683
257,115
207,278
260,832
279,023
2,915,760
264,875
278,863
2,118,897
24,988,985
2,992,890
2,024,506
29,939,154
2,389,903
21,485,683
263,400
2,229,515
279,700
2,500,000
254,554
2,808,598
2,808,598
2,980,620
2,980,620
2,992,890
2,992,890
2,960,126
248,798
260,054
2,364,964
2,892,300
2,280,150
2,083,200
234,443
2.12
217,027
217,027
2,358,491
2.12
2.65
205,176
238,838
202,512
2,302
279,700
217,833
22,343
25,467
We found 43 numbers that start with the digit 3. Here they are:
300000000
382541
3,443,247
371,280
354,052
3,856,800
300,000,000
3,091,745
314,438
3,537,376
352,121
3,434
3,725,895
390,195
390,195
393,541,658
396,757
396,757
3,324,653
3,324,653
387,993,696
3,324,653
3,324,653
352,121
3,725,895
345,044
314,438
37,615
381,531
381,531
3,505,146
3,725,895
3,425,190
3,091,745
3,425,323
3,000,000
32,500
342,645
339,258
3,924,600
3,856,800
318,813
37,116
4's 5's 6's
We found 69 numbers that start with the digit 4. Here they are:
4030
4030
4030
4030
417500
465,410
4,303,527
46,014
4,030
4,030
40
40
434,933,649
409,933,959
433,516,120
412,030,437
4,140,090
4,830,327
429,029
4,674,999
423,100
4,030
40
413,552,953
425,080,470
423,100
423,100
423,100
4,030
40
434,933,649
433,516,120
4,030
40
409,933,959
412,030,437
4,030
40
434,933,649
433,516,120
4,030
40
404,969,459
4,030
40
408,682,965
402,210,990
4,030
40
404,168,822
43
4,030
40
408,682,965
402,210,990
407,673
4,171,297
433,516,120
4,735,063
4,140,090
4,500,000
417,500
4,030
403,000
4,573,948
4.16
4.91
40,707
4,674,999
We found 30 numbers that start with the digit 5. Here they are:
526,000
56,916
56,916
544,323
509,006
53
56,146
56,401
56,401
5,619,090
5,789,218
5,241,985
5,000,000
500,000
500,000
596,374
526,000
526,000
5.46
5.83
547,803
52,336
531,369
5.83
5.46
561,688
57,999
555,057
52,679
56,401
We found 22 numbers that start with the digit 6. Here they are:
684,910
615,269
6,511,059
68,653
696,912
6,962,562
6,583,542
6,583,542
68,653
6,962,562
62,280
69,840
667,533
6,511,059
66,666
6.82
66,666
6.88
6.83
615,716
60,566
612,132
7's 8's 9's
We found 30 numbers that start with the digit 7. Here they are:
7,989,582
73,141
7,159,686
7,798,280
7,301,263
77,266
782,648
7,331,633
76
798,182
7,982
7,904
78
798,182
7,982
7,904
78
7,798,280
79,265
75,189
78
7,989,582
7,798,280
7,500,000
750,000
750,000
75.45
798,182
721,061
721,061
We found 40 numbers that start with the digit 8. Here they are:
82500
876,101
8,532,782
8,266,267
8,496,938
8,435,650
8,669,332
8,435,650
8,669,332
8,435,650
8,435,650
8,669,332
8,669,332
8,100,000
84,062
841
8,100,000
80,910
860,280
8,435,650
8,532,782
852,345
852,345
8,236,002
8,875,153
8,333,730
8,520,332
82,500
816,750
8,236,002
8,236,002
8,782,108
8,782,108
8,100,000
82.35
8.27
8.27
87,303
868,847
80
We found 27 numbers that start with the digit 9. Here they are:
9,827,302
97,637
9,218,298
9,218,298
9,144,198
9,162,513
98,372
984
9,673,397
9,693,882
900,000
9,270,947
92,709
900,000
9,500,000
9,961,462
9,740,289
9,500,000
900,000
9,224,056
9,109,117
90,909
91,575
988,912
95,167
987,521
98,372
While the above PTN 10Q Filed 5/15/2024 is interesting in isolation, we have found that it is also useful to take a look at older PALATIN TECHNOLOGIES INC. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 5/15/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical PTN 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

31.2
17.4
8.5
13.6
5.9
4.3
5.9
7.9
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 62
XBRL?   [ original filing ]
Total numbers found: 507

= Typical PTN range from 2/14/2022 to 5/15/2024
29.2
16.9
13.6
11.7
8.8
5.3
3.1
5.1
6.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 486

= Typical PTN range from 2/14/2022 to 5/15/2024
25.1
14.4
10.1
12.5
7.6
8.3
3.7
9.2
9.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 38
XBRL?   [ original filing ]
Total numbers found: 327

= Typical PTN range from 2/14/2022 to 5/15/2024
25.1
17.8
13.1
13.9
6.0
4.7
8.6
6.3
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 63
XBRL?   [ original filing ]
Total numbers found: 382

= Typical PTN range from 2/14/2022 to 5/15/2024
34.3
15.3
5.6
13.7
9.6
4.0
4.1
6.2
7.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 45
XBRL?   [ original filing ]
Total numbers found: 531

= Typical PTN range from 2/14/2022 to 5/15/2024
30.4
14.7
13.1
14.4
5.4
4.3
6.5
5.0
6.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 67
XBRL?   [ original filing ]
Total numbers found: 464

= Typical PTN range from 2/14/2022 to 5/15/2024
25.3
16.2
16.9
9.3
9.3
7.5
1.8
3.5
10.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 24
XBRL?   [ original filing ]
Total numbers found: 451

= Typical PTN range from 2/14/2022 to 5/15/2024
26.2
15.7
7.0
15.7
11.6
4.4
4.1
8.4
7.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 49
XBRL?   [ original filing ]
Total numbers found: 344

= Typical PTN range from 2/14/2022 to 5/15/2024
31.0
14.4
11.7
14.2
4.7
5.5
3.6
7.2
7.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 38
XBRL?   [ original filing ]
Total numbers found: 471

= Typical PTN range from 2/14/2022 to 5/15/2024
21.6
22.3
15.3
15.1
6.5
5.8
5.5
3.8
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 417

= Typical PTN range from 2/14/2022 to 5/15/2024
 

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