2018 Q2 Form 10-Q Financial Statement
#000114420418027209 Filed on May 10, 2018
Income Statement
Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
---|---|---|---|
Revenue | $819.0K | $531.0K | $186.0K |
YoY Change | 277.42% | 185.48% | -22.5% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $4.630M | $2.880M | $3.020M |
YoY Change | 75.38% | -4.64% | -30.89% |
% of Gross Profit | |||
Research & Development | $7.916M | $8.162M | $2.198M |
YoY Change | 36.29% | 271.34% | 18.17% |
% of Gross Profit | |||
Depreciation & Amortization | $290.0K | $174.0K | $250.0K |
YoY Change | 40.1% | -30.4% | 47.06% |
% of Gross Profit | |||
Operating Expenses | $7.916M | $8.162M | $2.198M |
YoY Change | 36.29% | 271.34% | -65.66% |
Operating Profit | -$12.56M | -$10.68M | -$5.284M |
YoY Change | 48.78% | 102.18% | |
Interest Expense | $310.0K | $150.0K | $40.00K |
YoY Change | 93.75% | 275.0% | -93.55% |
% of Operating Profit | |||
Other Income/Expense, Net | $314.0K | $153.0K | $37.00K |
YoY Change | 95.03% | 313.51% | |
Pretax Income | -$12.24M | -$10.53M | -$5.250M |
YoY Change | 47.83% | 100.57% | -5.23% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$12.24M | -$10.53M | -$5.247M |
YoY Change | 47.88% | 100.69% | -5.29% |
Net Earnings / Revenue | -1494.87% | -1983.05% | -2820.97% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$258.8K | -$223.8K | -$130.4K |
COMMON SHARES | |||
Basic Shares Outstanding | 47.31M shares | 47.23M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $119.8M | $132.0M | $63.20M |
YoY Change | 105.49% | 108.86% | 68.98% |
Cash & Equivalents | $49.99M | $132.0M | $63.21M |
Short-Term Investments | $69.90M | ||
Other Short-Term Assets | $1.900M | $2.100M | $500.0K |
YoY Change | 111.11% | 320.0% | 150.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $0.00 | $100.0K | $100.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $121.8M | $134.2M | $63.80M |
YoY Change | 105.44% | 110.27% | 68.78% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $8.007M | $4.789M | $700.0K |
YoY Change | 1043.86% | 584.14% | 40.0% |
Goodwill | $32.47M | $32.47M | |
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $600.0K | $400.0K | $100.0K |
YoY Change | 500.0% | 300.0% | 0.0% |
Total Long-Term Assets | $44.87M | $41.50M | $41.50M |
YoY Change | 20.11% | 0.0% | 4.8% |
TOTAL ASSETS | |||
Total Short-Term Assets | $121.8M | $134.2M | $63.80M |
Total Long-Term Assets | $44.87M | $41.50M | $41.50M |
Total Assets | $166.7M | $175.7M | $105.3M |
YoY Change | 72.46% | 66.81% | 36.05% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.783M | $5.910M | $1.500M |
YoY Change | 59.88% | 294.0% | 50.0% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $5.783M | $2.393M | $6.100M |
YoY Change | 37.07% | -60.77% | -19.74% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | $3.500M |
YoY Change | -100.0% | -100.0% | -14.63% |
Total Long-Term Liabilities | $0.00 | $0.00 | $3.500M |
YoY Change | -100.0% | -100.0% | -14.63% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.783M | $2.393M | $6.100M |
Total Long-Term Liabilities | $0.00 | $0.00 | $3.500M |
Total Liabilities | $5.783M | $2.393M | $9.600M |
YoY Change | -23.72% | -75.07% | -18.64% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$376.3M | -$353.5M | |
YoY Change | 8.76% | ||
Common Stock | $537.2M | $533.8M | |
YoY Change | 23.47% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $160.9M | $169.7M | $95.71M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $166.7M | $175.7M | $105.3M |
YoY Change | 72.46% | 66.81% | 36.05% |
Cashflow Statement
Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$12.24M | -$10.53M | -$5.247M |
YoY Change | 47.88% | 100.69% | -5.29% |
Depreciation, Depletion And Amortization | $290.0K | $174.0K | $250.0K |
YoY Change | 40.1% | -30.4% | 47.06% |
Cash From Operating Activities | -$9.020M | -$4.082M | -$5.857M |
YoY Change | 81.12% | -30.31% | 132.42% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$3.420M | $3.502M | $74.00K |
YoY Change | 34100.0% | 4632.43% | -132.17% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$69.85M | $0.00 | |
YoY Change | |||
Cash From Investing Activities | -$73.28M | -$3.502M | -$74.00K |
YoY Change | 732700.0% | 4632.43% | -67.83% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 570.0K | 1.829M | $1.000K |
YoY Change | 533.33% | 182800.0% | |
NET CHANGE | |||
Cash From Operating Activities | -9.020M | -4.082M | -$5.857M |
Cash From Investing Activities | -73.28M | -3.502M | -$74.00K |
Cash From Financing Activities | 570.0K | 1.829M | $1.000K |
Net Change In Cash | -81.73M | -5.755M | -$5.930M |
YoY Change | 1567.96% | -2.95% | 115.64% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$9.020M | -$4.082M | -$5.857M |
Capital Expenditures | -$3.420M | $3.502M | $74.00K |
Free Cash Flow | -$5.600M | -$7.584M | -$5.931M |
YoY Change | 12.68% | 27.87% | 159.0% |
Facts In Submission
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Property Plant And Equipment Net
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Finite Lived Intangible Assets Net
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Goodwill
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ABEONA THERAPEUTICS INC. | |
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Finite Lived Intangible Assets Amortization Expense Year Two
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|
2612000 | USD |
CY2018Q1 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
0 | USD |
CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
5005000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-356129000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
170098000 | USD |
CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
132275000 | USD |
CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
63212000 | USD |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
138030000 | USD |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
69142000 | USD |
CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
63212000 | USD |
CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
280000 | USD |
CY2017Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
0 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0237 | pure |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
10.83 | |
CY2018Q1 | abeo |
Sharebased Compensation Arrangement By Sharebased Payment Award Option Grants In Period Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionGrantsInPeriodWeightedAverageGrantDateFairValue
|
10.83 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
13.72 | |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
0 | USD |
CY2018Q1 | us-gaap |
Grants Receivable
GrantsReceivable
|
13850000 | USD |
CY2018Q1 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
2600000 | USD |
CY2017Q4 | abeo |
Proceeds From Grant Received
ProceedsFromGrantReceived
|
3100000 | USD |
CY2017Q4 | abeo |
Proceeds From Grant Received
ProceedsFromGrantReceived
|
2600000 | USD |
CY2018Q1 | abeo |
Proceeds From Grant Received
ProceedsFromGrantReceived
|
500000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.0109 | pure |