2019 Q1 Form 10-K Financial Statement

#000114420419014623 Filed on March 18, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q3
Revenue $0.00 $480.0K $1.709M
YoY Change -100.0% 118.18% 680.37%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.660M $7.630M $4.970M
YoY Change 96.53% 145.34% 129.03%
% of Gross Profit
Research & Development $11.74M $9.470M $13.15M
YoY Change 43.8% 65.97% 301.28%
% of Gross Profit
Depreciation & Amortization $1.658M $1.390M $505.0K
YoY Change 852.87% 892.86% 265.94%
% of Gross Profit
Operating Expenses $11.74M $9.470M $13.15M
YoY Change 43.8% 65.97% 301.28%
Operating Profit -$19.05M -$18.01M -$16.92M
YoY Change 78.36% 105.83% 215.48%
Interest Expense $500.0K $530.0K $500.0K
YoY Change 233.33% 76.67% 2400.0%
% of Operating Profit
Other Income/Expense, Net $497.0K
YoY Change 2515.79%
Pretax Income -$18.56M -$17.48M -$16.42M
YoY Change 76.26% 106.86% 207.49%
Income Tax
% Of Pretax Income
Net Earnings -$18.56M -$17.48M -$16.42M
YoY Change 76.21% 106.85% 207.3%
Net Earnings / Revenue -3641.46% -960.74%
Basic Earnings Per Share
Diluted Earnings Per Share -$387.1K -$360.6K -$339.8K
COMMON SHARES
Basic Shares Outstanding 47.95M 47.94M shares 47.94M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.30M $85.00M $112.2M
YoY Change -48.26% -38.32% 98.58%
Cash & Equivalents $25.92M $18.75M $33.60M
Short-Term Investments $42.40M $66.20M $78.60M
Other Short-Term Assets $3.400M $3.800M $2.000M
YoY Change 61.9% 40.74% 11.11%
Inventory
Prepaid Expenses
Receivables $0.00 $100.0K $400.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $71.72M $88.85M $114.6M
YoY Change -46.54% -36.8% 96.15%
LONG-TERM ASSETS
Property, Plant & Equipment $10.36M $9.443M $9.245M
YoY Change 116.25% 587.26% 1220.71%
Goodwill $32.47M $32.47M $32.47M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.100M $600.0K $600.0K
YoY Change 175.0% 50.0% 500.0%
Total Long-Term Assets $94.42M $85.55M $46.03M
YoY Change 127.5% 124.1% 23.39%
TOTAL ASSETS
Total Short-Term Assets $71.72M $88.85M $114.6M
Total Long-Term Assets $94.42M $85.55M $46.03M
Total Assets $166.1M $174.4M $160.6M
YoY Change -5.42% -2.44% 67.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.189M $6.122M $10.33M
YoY Change -29.12% 225.47% 416.55%
Accrued Expenses $5.241M $3.936M
YoY Change 668.75%
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 $21.42M $20.35M $10.33M
YoY Change 794.94% 263.01% 297.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $26.90M $20.00M $0.00
YoY Change 545.16% -100.0%
Total Long-Term Liabilities $26.90M $20.00M $0.00
YoY Change 545.16% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.42M $20.35M $10.33M
Total Long-Term Liabilities $26.90M $20.00M $0.00
Total Liabilities $48.34M $40.35M $10.33M
YoY Change 1920.18% 365.55% 75.1%
SHAREHOLDERS EQUITY
Retained Earnings -$428.7M -$410.2M -$392.7M
YoY Change 21.28% 14.01%
Common Stock $546.5M $544.2M $543.0M
YoY Change 2.39% 2.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $117.8M $134.0M $150.2M
YoY Change
Total Liabilities & Shareholders Equity $166.1M $174.4M $160.6M
YoY Change -5.42% -2.44% 67.79%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$18.56M -$17.48M -$16.42M
YoY Change 76.21% 106.85% 207.3%
Depreciation, Depletion And Amortization $1.658M $1.390M $505.0K
YoY Change 852.87% 892.86% 265.94%
Cash From Operating Activities -$15.08M -$16.97M -$9.040M
YoY Change 269.38% 236.04% 33.53%
INVESTING ACTIVITIES
Capital Expenditures $1.226M -$10.91M -$1.660M
YoY Change -64.99% 1458.57% 1975.0%
Acquisitions
YoY Change
Other Investing Activities $24.00M $13.04M -$8.780M
YoY Change
Cash From Investing Activities $22.77M $2.120M -$10.43M
YoY Change -750.31% -402.86% 12937.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.00K 0.000 3.080M
YoY Change -98.47% -100.0% -39.13%
NET CHANGE
Cash From Operating Activities -15.08M -16.97M -9.040M
Cash From Investing Activities 22.77M 2.120M -10.43M
Cash From Financing Activities 28.00K 0.000 3.080M
Net Change In Cash 7.724M -14.85M -16.39M
YoY Change -234.21% -118.22% 815.64%
FREE CASH FLOW
Cash From Operating Activities -$15.08M -$16.97M -$9.040M
Capital Expenditures $1.226M -$10.91M -$1.660M
Free Cash Flow -$16.30M -$6.060M -$7.380M
YoY Change 114.98% 39.31% 10.31%

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<div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-top: 0px; margin-right: 0px; margin-bottom: 0px;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;">Use of Estimates</div></div></div><div style="margin-bottom: 0px; margin-top: 0px; font-size: 6pt; background: none;"><div style="font-size: 6pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-top: 0px; text-indent: 0.28in; margin-right: 0px; margin-bottom: 0px;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amount of assets and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from these estimates and assumptions. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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CY2018 dei Entity Well Known Seasoned Issuer
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No
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CY2018 dei Entity Filer Category
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Accelerated Filer
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445125000
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1560000
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CY2018 us-gaap Depreciation And Amortization
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CY2017 us-gaap Depreciation And Amortization
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DepreciationAndAmortization
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CY2018 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2018 dei Entity Registrant Name
EntityRegistrantName
ABEONA THERAPEUTICS INC.
CY2018 dei Entity Central Index Key
EntityCentralIndexKey
0000318306
CY2018 dei Current Fiscal Year End Date
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--12-31
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0
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CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CommitmentsAndContingencies
CY2018 us-gaap Revenues
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Revenues
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CY2018Q4 abeo New Issues Share Price Per Share
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P5Y
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69142000
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CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
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CY2018Q4 abeo Cash And Cash Equivalents Restricted Cash
CashAndCashEquivalentsRestrictedCash
19310000
CY2017Q4 abeo Cash And Cash Equivalents Restricted Cash
CashAndCashEquivalentsRestrictedCash
138030000
CY2016Q4 abeo Cash And Cash Equivalents Restricted Cash
CashAndCashEquivalentsRestrictedCash
69142000
CY2018 dei Document Type
DocumentType
10-K
CY2018 dei Amendment Flag
AmendmentFlag
false
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-12-31
CY2018 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018

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