2019 Q1 Form 10-K Financial Statement

#000144702819000006 Filed on March 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q3
Revenue $679.0K $1.678M $1.587M
YoY Change -52.72% -33.78% -76.97%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.410M $5.930M $2.630M
YoY Change 20.16% 67.51% -28.14%
% of Gross Profit
Research & Development $14.71M $11.06M $16.57M
YoY Change 5.47% -37.93% 6.62%
% of Gross Profit
Depreciation & Amortization $509.0K $500.0K $497.0K
YoY Change -15.45% -19.35% -16.19%
% of Gross Profit
Operating Expenses $19.88M $17.50M $34.01M
YoY Change 0.17% -20.42% 71.88%
Operating Profit -$19.20M -$16.90M -$32.43M
YoY Change 4.3% -71.94% 151.42%
Interest Expense $12.00K -$2.380M $0.00
YoY Change -88.46% -1233.33% -100.0%
% of Operating Profit
Other Income/Expense, Net -$4.055M $3.671M
YoY Change -515.47% 183.04%
Pretax Income -$23.25M -$18.25M -$28.76M
YoY Change 33.4% -69.71% 147.89%
Income Tax $0.00 $0.00 -$4.282M
% Of Pretax Income
Net Earnings -$23.25M -$18.25M -$24.47M
YoY Change 33.4% -49.21% 110.97%
Net Earnings / Revenue -3424.3% -1087.54% -1542.09%
Basic Earnings Per Share -$0.47 -$0.38 -$0.49
Diluted Earnings Per Share -$417.1K -$0.38 -$0.49
COMMON SHARES
Basic Shares Outstanding 56.12M shares 55.48M shares 55.40M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $110.6M $124.6M $142.0M
YoY Change -35.88% -1.42% 61.0%
Cash & Equivalents $83.97M $36.94M $21.93M
Short-Term Investments $26.60M $87.70M $120.1M
Other Short-Term Assets $700.0K $2.800M $1.100M
YoY Change -53.33% 33.33% -26.67%
Inventory
Prepaid Expenses
Receivables $923.0K $1.431M $538.0K
Other Receivables $300.0K $400.0K $400.0K
Total Short-Term Assets $112.5M $129.2M $144.0M
YoY Change -35.79% -0.11% 58.6%
LONG-TERM ASSETS
Property, Plant & Equipment $9.667M $10.15M $10.42M
YoY Change -18.28% -16.73% -17.44%
Goodwill $22.47M $22.47M $22.47M
YoY Change -7.77% -7.77% -7.77%
Intangibles $43.84M $43.84M $43.84M
YoY Change -25.25% -25.25% -55.92%
Long-Term Investments $17.68M $22.22M $24.67M
YoY Change
Other Assets $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $96.73M $98.68M $101.4M
YoY Change 1.99% -8.46% -31.97%
TOTAL ASSETS
Total Short-Term Assets $112.5M $129.2M $144.0M
Total Long-Term Assets $96.73M $98.68M $101.4M
Total Assets $209.2M $227.9M $245.4M
YoY Change -22.52% -3.9% 2.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.300M $3.200M $3.100M
YoY Change 155.56% 60.0% 34.78%
Accrued Expenses $6.100M $7.600M $6.200M
YoY Change -4.69% -11.63% 51.22%
Deferred Revenue $0.00 $649.0K
YoY Change -100.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.823M $11.24M $12.67M
YoY Change -15.13% -23.16% 53.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $6.500M $3.800M $4.800M
YoY Change -36.89% -65.77% -56.36%
Total Long-Term Liabilities $6.500M $3.800M $4.800M
YoY Change -36.89% -83.55% -79.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.823M $11.24M $12.67M
Total Long-Term Liabilities $6.500M $3.800M $4.800M
Total Liabilities $28.01M $27.67M $30.15M
YoY Change -25.53% -49.4% -58.39%
SHAREHOLDERS EQUITY
Retained Earnings -$831.2M -$805.2M -$784.3M
YoY Change 9.68% 9.1% 12.11%
Common Stock $882.1M $879.4M $878.8M
YoY Change 0.67% 0.38% 0.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $181.2M $200.2M $215.3M
YoY Change
Total Liabilities & Shareholders Equity $209.2M $227.9M $245.4M
YoY Change -22.52% -3.9% 2.32%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$23.25M -$18.25M -$24.47M
YoY Change 33.4% -49.21% 110.97%
Depreciation, Depletion And Amortization $509.0K $500.0K $497.0K
YoY Change -15.45% -19.35% -16.19%
Cash From Operating Activities -$16.58M -$17.08M -$13.20M
YoY Change -16.96% 65.18% -15.79%
INVESTING ACTIVITIES
Capital Expenditures $31.00K -$230.0K $237.0K
YoY Change -87.5% 27.78% -55.95%
Acquisitions
YoY Change
Other Investing Activities $61.06M $45.01M $12.01M
YoY Change -180.96% 4901.11% 105.65%
Cash From Investing Activities $61.03M $44.78M $24.38M
YoY Change -180.66% 6207.04% 359.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.248M $0.00
YoY Change -96.61%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.536M 110.0K $435.0K
YoY Change -95.34% -99.78% 613.11%
NET CHANGE
Cash From Operating Activities -$16.58M -17.08M -$13.20M
Cash From Investing Activities $61.03M 44.78M $24.38M
Cash From Financing Activities $2.536M 110.0K $435.0K
Net Change In Cash $47.03M 27.81M $11.74M
YoY Change -212.42% -29.18% -230.63%
FREE CASH FLOW
Cash From Operating Activities -$16.58M -$17.08M -$13.20M
Capital Expenditures $31.00K -$230.0K $237.0K
Free Cash Flow -$16.61M -$16.85M -$13.44M
YoY Change -17.83% 65.85% -17.12%

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CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.67
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.56
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.56
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.36
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.49
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.38
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.21
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
2372000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1003000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.26
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.27
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9126000 USD
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P18M
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
0 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
22224000 USD
CY2017 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-22000 USD
CY2018 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
0 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2301000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1003000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
2374000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1003000 USD
CY2017 us-gaap Gain Loss On Investments
GainLossOnInvestments
0 USD
CY2018 us-gaap Gain Loss On Investments
GainLossOnInvestments
24884000 USD
CY2017 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
0 USD
CY2018 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
-5327000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
26000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16129000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16002000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
24364000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
22471000 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
40798000 USD
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
14811000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-108733000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-61342000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-5562000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-24320000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4282000 USD
CY2018 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
-4282000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
6945000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
13062000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-6633000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-966000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-138000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-28270000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-19287000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
3128000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
1685000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1476000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
396000 USD
CY2017Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
340000 USD
CY2018Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
389000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
736000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1266000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
129000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1029000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
0 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-128000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2727000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2742000 USD
CY2017 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-693000 USD
CY2018 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
0 USD
CY2017 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
47000 USD
CY2018 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
49000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
833000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
648000 USD
CY2017 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
0 USD
CY2018 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
1331000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
58647000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
43836000 USD
CY2017 us-gaap Interest Expense
InterestExpense
261000 USD
CY2018 us-gaap Interest Expense
InterestExpense
226000 USD
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
1538000 USD
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
3047000 USD
CY2017 us-gaap Investment Tax Credit
InvestmentTaxCredit
183000 USD
CY2018 us-gaap Investment Tax Credit
InvestmentTaxCredit
18000 USD
CY2017Q4 us-gaap Lease Incentive Payable Current
LeaseIncentivePayableCurrent
42000 USD
CY2018Q4 us-gaap Lease Incentive Payable Current
LeaseIncentivePayableCurrent
0 USD
CY2017Q4 us-gaap Liabilities
Liabilities
54688000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
27671000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
237161000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
227905000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
14627000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
11239000 USD
CY2017Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
12001000 USD
CY2018Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
0 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
49322000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55646000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
27825000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4127000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-48640000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-67866000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-18627000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-18255000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-11600000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-35931000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-84413000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-17429000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
3091000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-24473000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-18249000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-57060000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18627000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18255000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-11600000 USD
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-36842000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-85324000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19765000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
550000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-27040000 USD
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20896000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-67151000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2197000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
28438000 USD
CY2018 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2017 us-gaap Operating Expenses
OperatingExpenses
121630000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
95725000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-18299000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-19485000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-12897000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-60249000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-110930000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-18405000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-22046000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-32426000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-16903000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
-89780000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
6112000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
787000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
766000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
746000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
3813000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1653000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1789000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
358000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
309000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
15000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
15000 USD
CY2017 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
-35086000 USD
CY2018 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
3014000 USD
CY2018 us-gaap Payments For Restructuring
PaymentsForRestructuring
3466000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7264000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1138000 USD
CY2017 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
0 USD
CY2018 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
0 USD
CY2017 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
911000 USD
CY2018 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
10091000 USD
CY2017Q4 us-gaap Preferred Stock Including Additional Paid In Capital Net Of Discount
PreferredStockIncludingAdditionalPaidInCapitalNetOfDiscount
49780000 USD
CY2018Q4 us-gaap Preferred Stock Including Additional Paid In Capital Net Of Discount
PreferredStockIncludingAdditionalPaidInCapitalNetOfDiscount
126136000 USD
CY2017Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2018Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1164000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1164000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
500000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1164000 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
500000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1164000 shares
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2144000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2792000 USD
CY2017 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
108000 USD
CY2018 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
0 USD
CY2017 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
48869000 USD
CY2018 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
66265000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
25000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
100000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1382000 USD
CY2017 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
353000 USD
CY2017 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
353000 USD
CY2018 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
CY2017 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
4797000 USD
CY2017 us-gaap Restructuring Costs
RestructuringCosts
0 USD
CY2018 us-gaap Restructuring Costs
RestructuringCosts
396000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
24854000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17041000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12183000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10145000 USD
CY2017 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2018 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
12001000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
62676000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
57934000 USD
CY2017Q4 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
12601000 USD
CY2018Q4 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
0 USD
CY2016Q4 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
12601000 USD
CY2017Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
0 USD
CY2018Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1331000 USD
CY2018 us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
1331000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-738070000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-805221000 USD
CY2017Q1 us-gaap Revenues
Revenues
235000 USD
CY2017Q2 us-gaap Revenues
Revenues
1039000 USD
CY2017Q3 us-gaap Revenues
Revenues
6892000 USD
CY2017Q4 us-gaap Revenues
Revenues
2534000 USD
CY2017 us-gaap Revenues
Revenues
10700000 USD
CY2018Q1 us-gaap Revenues
Revenues
1436000 USD
CY2018Q2 us-gaap Revenues
Revenues
1244000 USD
CY2018Q3 us-gaap Revenues
Revenues
1587000 USD
CY2018Q4 us-gaap Revenues
Revenues
1678000 USD
CY2018 us-gaap Revenues
Revenues
5945000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
15117000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
6241000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
3158353 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
6848861 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1520131 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2620542 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2557669 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.08
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
5842000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1169784 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
6.05
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.82
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1098000 USD
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
469000 USD
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
3198196 shares
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
3710546 shares
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
460586 shares
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
5657000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6913360 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
1584733 shares
CY2018 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P6Y9M7D
CY2017Q4 us-gaap Short Term Investments
ShortTermInvestments
72060000 USD
CY2018Q4 us-gaap Short Term Investments
ShortTermInvestments
87675000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
48869000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
66265000 USD
CY2017 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
481000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
213000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1382000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
203005000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
182473000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
200234000 USD
CY2017Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
128000 USD
CY2018Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
0 USD
CY2016Q4 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
107000 USD
CY2017Q4 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
0 USD
CY2018Q4 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
0 USD
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54723272 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55304083 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54723272 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55304083 shares
CY2018 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of business and future operations</font></div><div style="line-height:120%;padding-top:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Arbutus Biopharma Corporation (the &#8220;Company&#8221; or &#8220;Arbutus&#8221;) is a biopharmaceutical business dedicated to discovering, developing, and commercializing a cure for patients suffering from chronic hepatitis B infection, a disease of the liver caused by the hepatitis B virus (&#8220;HBV&#8221;). To pursue our strategy of developing a curative combination regimen, the Company has assembled a pipeline of multiple drug candidates with differing and complementary mechanisms of action targeting HBV. </font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The success of the Company is dependent on obtaining the necessary regulatory approvals to bring its products to market and achieve profitable operations. The Company's research and development activities and commercialization of its products are dependent on its ability to successfully complete these activities and to obtain adequate financing through a combination of financing activities and operations. It is not possible to predict either the outcome of the Company's existing or future research and development programs or the Company&#8217;s ability to continue to fund these programs in the future.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of estimates</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events that affect the reported amounts of assets, liabilities, revenue, expenses, contingent assets and contingent liabilities as at the end or during the reporting period. Actual results could significantly differ from those estimates. Significant areas requiring the use of management estimates relate valuation of intangible assets and goodwill, recognition of revenue, stock-based compensation, and the amounts recorded as accrued liabilities, contingent consideration, and income tax recovery.</font></div></div>

Files In Submission

Name View Source Status
0001447028-19-000006-index-headers.html Edgar Link pending
0001447028-19-000006-index.html Edgar Link pending
0001447028-19-000006.txt Edgar Link pending
0001447028-19-000006-xbrl.zip Edgar Link pending
abus-20181231.xml Edgar Link completed
abus-20181231.xsd Edgar Link pending
abus-20181231_cal.xml Edgar Link unprocessable
abus-20181231_def.xml Edgar Link unprocessable
abus-20181231_lab.xml Edgar Link unprocessable
abus-20181231_pre.xml Edgar Link unprocessable
arbutus10k2018.htm Edgar Link pending
exhibit1052execagreemtdhast.htm Edgar Link pending
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