2022 Q4 Form 10-Q Financial Statement
#000144702822000055 Filed on November 09, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $6.245M | $5.952M | $3.340M |
YoY Change | 94.79% | 78.2% | 119.3% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $4.249M | $3.493M | $4.146M |
YoY Change | -9.56% | -15.75% | 1.87% |
% of Gross Profit | |||
Research & Development | $22.95M | $20.06M | $16.30M |
YoY Change | 12.29% | 23.04% | 35.09% |
% of Gross Profit | |||
Depreciation & Amortization | $307.0K | $343.0K | $447.0K |
YoY Change | -28.1% | -23.27% | -8.78% |
% of Gross Profit | |||
Operating Expenses | $28.81M | $23.76M | $21.75M |
YoY Change | 20.02% | 9.27% | 29.92% |
Operating Profit | -$17.81M | -$18.41M | |
YoY Change | -3.24% | 20.97% | |
Interest Expense | $630.0K | $429.0K | $762.0K |
YoY Change | -220.0% | -43.7% | -29.05% |
% of Operating Profit | |||
Other Income/Expense, Net | $244.0K | -$750.0K | |
YoY Change | -132.53% | -78.8% | |
Pretax Income | -$21.93M | -$17.57M | -$19.16M |
YoY Change | 2.87% | -8.3% | 2.15% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$21.93M | -$17.57M | -$19.16M |
YoY Change | 2.87% | -8.3% | 2.15% |
Net Earnings / Revenue | -351.19% | -295.14% | -573.59% |
Basic Earnings Per Share | -$0.12 | -$0.24 | |
Diluted Earnings Per Share | -$0.14 | -$0.12 | -$0.24 |
COMMON SHARES | |||
Basic Shares Outstanding | 156.5M shares | 150.0M shares | 101.3M shares |
Diluted Shares Outstanding | 151.0M shares | 101.3M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $146.9M | $134.7M | $121.4M |
YoY Change | -5.41% | 10.97% | 2.63% |
Cash & Equivalents | $30.78M | $24.00M | $77.88M |
Short-Term Investments | $116.1M | $110.7M | $43.52M |
Other Short-Term Assets | $2.874M | $4.583M | $3.466M |
YoY Change | -35.34% | 32.23% | 82.42% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.352M | $1.835M | $1.667M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $151.1M | $141.1M | $126.5M |
YoY Change | -5.93% | 11.54% | 4.37% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.070M | $5.241M | $6.352M |
YoY Change | -15.26% | -17.49% | -12.53% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Assets | $103.0K | $167.0K | $0.00 |
YoY Change | 68.85% | -100.0% | |
Total Long-Term Assets | $44.28M | $62.67M | $39.06M |
YoY Change | 1.04% | 60.43% | 296.07% |
TOTAL ASSETS | |||
Total Short-Term Assets | $151.1M | $141.1M | $126.5M |
Total Long-Term Assets | $44.28M | $62.67M | $39.06M |
Total Assets | $195.4M | $203.8M | $165.6M |
YoY Change | -4.43% | 23.07% | 26.31% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.520M | $872.0K | $1.042M |
YoY Change | 10.9% | -16.31% | 15.78% |
Accrued Expenses | $12.88M | $11.76M | $9.034M |
YoY Change | 60.59% | 30.13% | 41.16% |
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 | $32.86M | $27.51M | $10.11M |
YoY Change | 192.82% | 171.99% | 32.93% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $25.71M | $30.78M | $25.34M |
YoY Change | 7.91% | 21.45% | -3.27% |
Total Long-Term Liabilities | $25.71M | $30.78M | $25.34M |
YoY Change | 7.91% | 21.45% | -3.27% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $32.86M | $27.51M | $10.11M |
Total Long-Term Liabilities | $25.71M | $30.78M | $25.34M |
Total Liabilities | $58.57M | $58.28M | $35.46M |
YoY Change | 67.11% | 64.38% | 5.03% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.204B | -$1.182B | -$1.112B |
YoY Change | 6.12% | 6.24% | 8.45% |
Common Stock | $1.319B | $1.308B | $1.066B |
YoY Change | 2.49% | 22.7% | 10.39% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $136.9M | $145.5M | $130.1M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $195.4M | $203.8M | $165.6M |
YoY Change | -4.43% | 23.07% | 26.31% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$21.93M | -$17.57M | -$19.16M |
YoY Change | 2.87% | -8.3% | 2.15% |
Depreciation, Depletion And Amortization | $307.0K | $343.0K | $447.0K |
YoY Change | -28.1% | -23.27% | -8.78% |
Cash From Operating Activities | -$16.99M | -$18.69M | -$16.04M |
YoY Change | -13.34% | 16.56% | 31.66% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $134.0K | -$91.00K | -$20.00K |
YoY Change | -331.03% | 355.0% | 100.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $12.82M | -$13.65M | $15.99M |
YoY Change | -258.95% | -185.35% | 13.4% |
Cash From Investing Activities | $12.68M | -$13.74M | $15.97M |
YoY Change | -256.16% | -186.03% | 13.26% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 11.08M | 9.132M | 46.95M |
YoY Change | -81.25% | -80.55% | -4.37% |
NET CHANGE | |||
Cash From Operating Activities | -16.99M | -18.69M | -16.04M |
Cash From Investing Activities | 12.68M | -13.74M | 15.97M |
Cash From Financing Activities | 11.08M | 9.132M | 46.95M |
Net Change In Cash | 6.776M | -23.30M | 46.89M |
YoY Change | -78.42% | -149.69% | -8.1% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$16.99M | -$18.69M | -$16.04M |
Capital Expenditures | $134.0K | -$91.00K | -$20.00K |
Free Cash Flow | -$17.12M | -$18.60M | -$16.02M |
YoY Change | -12.4% | 16.14% | 31.6% |
Facts In Submission
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CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19158000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-47524000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-54926000 | usd | |
CY2022Q3 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
0 | usd |
CY2021Q3 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
5087000 | usd |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
0 | usd | |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
11565000 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-17567000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-24245000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-47524000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-66491000 | usd | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.12 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.12 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.24 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.24 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.32 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.32 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.68 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.68 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
150995191 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
150995191 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
101286351 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
101286351 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
149385999 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
149385999 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
97174253 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
97174253 | shares | |
CY2022Q3 | us-gaap |
Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
|
-907000 | usd |
CY2021Q3 | us-gaap |
Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
|
-31000 | usd |
us-gaap |
Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
|
-2669000 | usd | |
us-gaap |
Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
|
-16000 | usd | |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-18474000 | usd |
CY2021Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-19189000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-50193000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-54942000 | usd | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
169439000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1736000 | usd |
CY2022Q1 | abus |
Adjustmentsto Additional Paidin Capital Certain Fair Value Adjustmentsto Liability Stock Option Awards
AdjustmentstoAdditionalPaidinCapitalCertainFairValueAdjustmentstoLiabilityStockOptionAwards
|
21000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
8000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
236000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-1071000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15765000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
165845000 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2064000 | usd |
CY2022Q2 | abus |
Adjustmentsto Additional Paidin Capital Certain Fair Value Adjustmentsto Liability Stock Option Awards
AdjustmentstoAdditionalPaidinCapitalCertainFairValueAdjustmentstoLiabilityStockOptionAwards
|
3000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
113000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-691000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14192000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
153142000 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1715000 | usd |
CY2022Q3 | abus |
Adjustmentsto Additional Paidin Capital Certain Fair Value Adjustmentsto Liability Stock Option Awards
AdjustmentstoAdditionalPaidinCapitalCertainFairValueAdjustmentstoLiabilityStockOptionAwards
|
2000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
8973000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
159000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-907000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17567000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
145517000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
101966000 | usd |
CY2021Q1 | us-gaap |
Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
|
0 | usd |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1647000 | usd |
CY2021Q1 | abus |
Adjustmentsto Additional Paidin Capital Certain Fair Value Adjustmentsto Liability Stock Option Awards
AdjustmentstoAdditionalPaidinCapitalCertainFairValueAdjustmentstoLiabilityStockOptionAwards
|
40000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
26419000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
208000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
247000 | usd |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
3000 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16381000 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
114149000 | usd |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1758000 | usd |
CY2021Q2 | abus |
Adjustmentsto Additional Paidin Capital Certain Fair Value Adjustmentsto Liability Stock Option Awards
AdjustmentstoAdditionalPaidinCapitalCertainFairValueAdjustmentstoLiabilityStockOptionAwards
|
51000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4274000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
15000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-31000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19387000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
100829000 | usd |
CY2021Q3 | us-gaap |
Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
|
0 | usd |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1549000 | usd |
CY2021Q3 | abus |
Adjustmentsto Additional Paidin Capital Certain Fair Value Adjustmentsto Liability Stock Option Awards
AdjustmentstoAdditionalPaidinCapitalCertainFairValueAdjustmentstoLiabilityStockOptionAwards
|
-44000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
44736000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
2002000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
214000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
12000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19158000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
130140000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-47524000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-54926000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1120000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1326000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
20000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5515000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4993000 | usd | |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
624000 | usd | |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
1679000 | usd | |
abus |
Non Cash Royalty Revenue Related To Sale Of Future Royalties
NonCashRoyaltyRevenueRelatedToSaleOfFutureRoyalties
|
5393000 | usd | |
abus |
Non Cash Royalty Revenue Related To Sale Of Future Royalties
NonCashRoyaltyRevenueRelatedToSaleOfFutureRoyalties
|
3963000 | usd | |
abus |
Non Cash Interest Expense Related To Sale Of Future Royalties
NonCashInterestExpenseRelatedToSaleOfFutureRoyalties
|
1413000 | usd | |
abus |
Non Cash Interest Expense Related To Sale Of Future Royalties
NonCashInterestExpenseRelatedToSaleOfFutureRoyalties
|
2292000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-170000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-753000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
936000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
355000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-27000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
67000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1456000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
585000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
25463000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
0 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-281000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-243000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-18366000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-47926000 | usd | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
117266000 | usd | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
54156000 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
30000000 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
50350000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
20000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
378000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
751000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-87624000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4557000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
121000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2225000 | usd | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
395000 | usd | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
461000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
20730000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
78115000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-18000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-85278000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
25632000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
109282000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
52251000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
24004000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
77883000 | usd |
us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
0 | usd | |
us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
11565000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Nature of business and future operations<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Description of the Business</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Arbutus Biopharma Corporation (“Arbutus” or the “Company”) is a clinical-stage biopharmaceutical company leveraging its extensive virology expertise to develop novel therapeutics that target specific viral diseases. The Company’s current focus areas include Hepatitis B virus (“HBV”), SARS-CoV-2, and coronaviruses. In HBV, the Company is developing an RNA interference (“RNAi”) therapeutic, an oral PD-L1 inhibitor, and an oral RNA destabilizer to potentially identify a combination regimen with the aim of providing a functional cure for patients with chronic HBV infection (“cHBV”) by suppressing viral replication, reducing surface antigen and reawakening the immune system. The Company believes its lead compound, AB-729, is the only RNAi therapeutic with evidence of immune re-awakening, and is currently being evaluated in multiple phase 2 clinical trials. The Company has an ongoing drug discovery and development program directed to identifying novel, orally active agents for treating coronaviruses, including SARS-CoV-2. The Company is also exploring oncology applications for its internal PD-L1 portfolio.</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Liquidity</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At September 30, 2022, the Company had an aggregate of $190.2 million in cash, cash equivalents and investments in marketable securities. The Company had no outstanding debt as of September 30, 2022. The Company believes it has sufficient cash resources to fund its operations for at least the next 12 months. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 the 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’s ability to continue to fund these programs in the future.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">COVID-19 Impact</span></div>The COVID-19 pandemic has resulted in and will likely continue to result in significant disruptions to businesses. Measures implemented around the world in attempts to slow the spread of COVID-19 have had, and will likely continue to have, a major impact on clinical development, at least in the near-term, including shortages and delays in the supply chain and prohibitions in certain countries on enrolling patients in new clinical trials. While the Company has been able to progress with its clinical and pre-clinical activities to date, it is not possible to predict if the COVID-19 pandemic will materially impact the Company’s plans and timelines in the future. | ||
CY2022Q3 | us-gaap |
Investments And Cash
InvestmentsAndCash
|
190200000 | usd |
CY2022Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
0 | usd |
CY2022Q3 | abus |
Wholly Owned Subsidiaries Includedin Financial Statements
WhollyOwnedSubsidiariesIncludedinFinancialStatements
|
1 | subsidiary |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
34300000 | shares | |
CY2021Q4 | us-gaap |
Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
|
22833922 | shares |
CY2022Q3 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
5900000 | usd |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
600000 | usd | |
CY2021Q4 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
5298000 | usd |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
624000 | usd | |
CY2022Q3 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
5922000 | usd |
CY2020Q4 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
3426000 | usd |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
1679000 | usd | |
CY2021Q3 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
5105000 | usd |
CY2022Q3 | us-gaap |
Debt Securities Available For Sale Amortized Cost Noncurrent
DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent
|
56773000 | usd |
CY2022Q3 | us-gaap |
Debt Securities Noncurrent
DebtSecuritiesNoncurrent
|
55436000 | usd |
CY2021Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
35775000 | usd |
CY2021Q4 | us-gaap |
Debt Securities Noncurrent
DebtSecuritiesNoncurrent
|
35688000 | usd |
CY2022Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
110700000 | usd |
CY2022Q3 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
55400000 | usd |
CY2021Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
46000000 | usd |
CY2021Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
35700000 | usd |
CY2022Q3 | us-gaap |
Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
|
100000 | usd |
us-gaap |
Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
|
100000 | usd | |
CY2021Q3 | us-gaap |
Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
|
0 | usd |
us-gaap |
Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
|
0 | usd | |
CY2022Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
0 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
872000 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
3174000 | usd |
CY2022Q3 | abus |
Accrued Research And Development
AccruedResearchAndDevelopment
|
8251000 | usd |
CY2021Q4 | abus |
Accrued Research And Development
AccruedResearchAndDevelopment
|
2371000 | usd |
CY2022Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
315000 | usd |
CY2021Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
983000 | usd |
CY2022Q3 | abus |
Accrued Payroll Current
AccruedPayrollCurrent
|
2824000 | usd |
CY2021Q4 | abus |
Accrued Payroll Current
AccruedPayrollCurrent
|
4279000 | usd |
CY2022Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
6000 | usd |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
31000 | usd |
CY2022Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
12268000 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
10838000 | usd |
CY2021Q4 | abus |
Liability Related To Sale Of Future Royalties Noncurrent
LiabilityRelatedToSaleOfFutureRoyaltiesNoncurrent
|
16296000 | usd |
CY2020Q4 | abus |
Liability Related To Sale Of Future Royalties Noncurrent
LiabilityRelatedToSaleOfFutureRoyaltiesNoncurrent
|
19554000 | usd |
abus |
Liability From Sale Of Future Royalties Non Cash Royalty Income
LiabilityFromSaleOfFutureRoyaltiesNonCashRoyaltyIncome
|
5393000 | usd | |
abus |
Liability From Sale Of Future Royalties Non Cash Royalty Income
LiabilityFromSaleOfFutureRoyaltiesNonCashRoyaltyIncome
|
3963000 | usd | |
abus |
Liability From Sale Of Future Royalties Non Cash Expense
LiabilityFromSaleOfFutureRoyaltiesNonCashExpense
|
1413000 | usd | |
abus |
Liability From Sale Of Future Royalties Non Cash Expense
LiabilityFromSaleOfFutureRoyaltiesNonCashExpense
|
2292000 | usd | |
CY2022Q3 | abus |
Liability Related To Sale Of Future Royalties Noncurrent
LiabilityRelatedToSaleOfFutureRoyaltiesNoncurrent
|
12316000 | usd |
CY2021Q3 | abus |
Liability Related To Sale Of Future Royalties Noncurrent
LiabilityRelatedToSaleOfFutureRoyaltiesNoncurrent
|
17883000 | usd |
us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
4100000 | usd | |
CY2022Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
25463000 | usd |
CY2022Q3 | abus |
Royalty Entitlements
RoyaltyEntitlements
|
2 | product |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
5952000 | usd |
CY2021Q3 | us-gaap |
Revenues
Revenues
|
3340000 | usd |
us-gaap |
Revenues
Revenues
|
32774000 | usd | |
us-gaap |
Revenues
Revenues
|
7782000 | usd | |
CY2022Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1164000 | shares |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
2.37 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
3.70 | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
2.77 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
4.19 | ||
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1714000 | usd |
CY2021Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1615000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5515000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4993000 | usd | |
CY2021Q4 | us-gaap |
Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
|
22833922 | shares |