2023 Q1 Form 10-K Financial Statement

#000144702823000018 Filed on March 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $6.687M $6.245M $39.02M
YoY Change -46.85% 94.79% 255.11%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.552M $4.249M $17.83M
YoY Change 13.49% -9.56% 4.07%
% of Gross Profit
Research & Development $18.28M $22.95M $84.41M
YoY Change -1.01% 12.29% 28.86%
% of Gross Profit
Depreciation & Amortization $334.0K $307.0K $1.400M
YoY Change -15.23% -28.1% -22.22%
% of Gross Profit
Operating Expenses $24.10M $28.81M $104.5M
YoY Change 2.31% 20.02% 23.62%
Operating Profit -$17.41M -$65.46M
YoY Change 58.68% -10.97%
Interest Expense $198.0K $630.0K $1.726M
YoY Change -60.87% -220.0% -39.59%
% of Operating Profit
Other Income/Expense, Net $1.074M $444.0K
YoY Change -409.51% -116.29%
Pretax Income -$16.34M -$21.93M -$28.70M
YoY Change 44.32% 2.87% 272.73%
Income Tax $0.00 $0.00 $4.444M
% Of Pretax Income
Net Earnings -$16.34M -$21.93M -$69.46M
YoY Change 3.64% 2.87% -8.91%
Net Earnings / Revenue -244.34% -351.19% -178.01%
Basic Earnings Per Share -$0.10 -$0.46
Diluted Earnings Per Share -$0.10 -$0.14 -$0.46
COMMON SHARES
Basic Shares Outstanding 162.6M shares 156.5M shares 150.9M shares
Diluted Shares Outstanding 161.6M shares 150.9M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $146.7M $146.9M $146.9M
YoY Change -11.33% -5.41% -5.41%
Cash & Equivalents $40.57M $30.78M $30.78M
Short-Term Investments $106.2M $116.1M $116.1M
Other Short-Term Assets $3.462M $2.874M $2.874M
YoY Change -41.4% -35.34% -35.34%
Inventory
Prepaid Expenses
Receivables $2.664M $1.352M $1.352M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $152.9M $151.1M $151.1M
YoY Change -11.49% -5.93% -5.93%
LONG-TERM ASSETS
Property, Plant & Equipment $4.853M $5.070M $6.814M
YoY Change -14.32% -15.26% -15.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $37.36M
YoY Change 4.69%
Other Assets $62.00K $103.0K $103.0K
YoY Change -67.37% 68.85% 68.85%
Total Long-Term Assets $38.37M $44.28M $44.28M
YoY Change -40.21% 1.04% 1.04%
TOTAL ASSETS
Total Short-Term Assets $152.9M $151.1M $151.1M
Total Long-Term Assets $38.37M $44.28M $44.28M
Total Assets $191.2M $195.4M $195.4M
YoY Change -19.27% -4.43% -4.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.455M $3.520M $3.520M
YoY Change 105.61% 10.9% 10.9%
Accrued Expenses $7.644M $12.88M $12.88M
YoY Change -3.97% 60.59% 60.59%
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 $25.15M $32.86M $32.86M
YoY Change -22.39% 192.82% 192.82%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $22.16M $25.71M $25.71M
YoY Change -42.64% 7.91% 7.91%
Total Long-Term Liabilities $22.16M $25.71M $25.71M
YoY Change -42.64% 7.91% 7.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.15M $32.86M $32.86M
Total Long-Term Liabilities $22.16M $25.71M $25.71M
Total Liabilities $47.31M $58.57M $58.57M
YoY Change -33.4% 67.11% 67.11%
SHAREHOLDERS EQUITY
Retained Earnings -$1.220B -$1.204B
YoY Change 6.09% 6.12%
Common Stock $1.339B $1.319B
YoY Change 3.18% 2.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $143.9M $136.9M $136.9M
YoY Change
Total Liabilities & Shareholders Equity $191.2M $195.4M $195.4M
YoY Change -19.27% -4.43% -4.43%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$16.34M -$21.93M -$69.46M
YoY Change 3.64% 2.87% -8.91%
Depreciation, Depletion And Amortization $334.0K $307.0K $1.400M
YoY Change -15.23% -28.1% -22.22%
Cash From Operating Activities -$27.30M -$16.99M -$35.36M
YoY Change -232.41% -13.34% -47.65%
INVESTING ACTIVITIES
Capital Expenditures $117.0K $134.0K $512.0K
YoY Change 56.0% -331.03% -36.71%
Acquisitions
YoY Change
Other Investing Activities $16.80M $12.82M -$74.43M
YoY Change -128.0% -258.95% 527.1%
Cash From Investing Activities $16.68M $12.68M -$74.94M
YoY Change -127.77% -256.16% 491.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $20.42M 11.08M $31.81M
YoY Change 77.77% -81.25% -76.82%
NET CHANGE
Cash From Operating Activities -$27.30M -16.99M -$35.36M
Cash From Investing Activities $16.68M 12.68M -$74.94M
Cash From Financing Activities $20.42M 11.08M $31.81M
Net Change In Cash $9.798M 6.776M -$78.51M
YoY Change -135.05% -78.42% -237.65%
FREE CASH FLOW
Cash From Operating Activities -$27.30M -$16.99M -$35.36M
Capital Expenditures $117.0K $134.0K $512.0K
Free Cash Flow -$27.42M -$17.12M -$35.87M
YoY Change -233.46% -12.4% -47.52%

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PaymentsToAcquireInvestments
82219000 usd
CY2022 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
56000000 usd
CY2021 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
70350000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
512000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
809000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-74942000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 abus Proceeds From Issuance Of Common Stock Share Purchase Agreement
ProceedsFromIssuanceOfCommonStockSharePurchaseAgreement
10973000 usd
CY2021 abus Proceeds From Issuance Of Common Stock Share Purchase Agreement
ProceedsFromIssuanceOfCommonStockSharePurchaseAgreement
0 usd
CY2022 abus Proceeds From Issuance Of Common Stock Open Market Sale Agreement
ProceedsFromIssuanceOfCommonStockOpenMarketSaleAgreement
20324000 usd
CY2021 abus Proceeds From Issuance Of Common Stock Open Market Sale Agreement
ProceedsFromIssuanceOfCommonStockOpenMarketSaleAgreement
134665000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
122000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2110000 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
395000 usd
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
461000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31814000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
137236000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-22000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-78506000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57031000 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30776000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
109282000 usd
CY2022 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
0 usd
CY2021 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
12139000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
Organization<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:120%">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 other coronaviruses. To address 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. AB-729 is currently being evaluated in multiple phase 2 clinical trials. The Company also has an ongoing drug discovery and development program directed to identifying novel, orally active agents for treating coronaviruses, including SARS-CoV-2, where the Company has nominated a compound and has begun IND-enabling pre-clinical studies. In addition, 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 December 31, 2022, the Company had an aggregate of $184.3 million in cash, cash equivalents and investments in marketable securities. The Company had no outstanding debt as of December 31, 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><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company continues to monitor the effects of COVID-19, which has caused significant disruptions around the world. 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.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span>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.
CY2022Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
184300000 usd
CY2022Q4 us-gaap Long Term Debt
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0 usd
CY2022Q4 abus Number Of Wholly Owned Subsidiaries
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CY2022 us-gaap Use Of Estimates
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<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:120%">Use of estimates</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 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 and contingent liabilities as of the end or during the reporting period. Actual results could significantly differ from those estimates. Significant estimates in the accompanying consolidated financial statements impact contingent consideration, income tax recoveries, stock-based compensation, clinical trial accruals and the sale of future royalties liability.</span></div>
CY2022Q4 us-gaap Equity Method Investments
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0 usd
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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11400000 shares
CY2021Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
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22833922 shares
CY2022 us-gaap Preferred Stock Dividend Rate Percentage
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0.0875
CY2021Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
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22833922 shares
CY2022 us-gaap Concentration Risk Credit Risk
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<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:120%">Concentrations of Credit Risk</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%">Financial instruments which potentially subject the Company to credit risk consist primarily of cash, cash equivalents and marketable securities. The Company holds these investments in highly rated financial institutions, and, by policy, limits the amounts of credit exposure to any one financial institution. These amounts at times may exceed federally insured limits. The Company has not experienced any credit losses in such accounts and does not believe it is exposed to any significant credit risk on these funds. The Company has no off-balance sheet concentrations of credit risk, such as foreign currency exchange contracts, option contracts or other hedging arrangements.</span></div>
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
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CY2021Q4 us-gaap Debt Securities Noncurrent
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CY2022 us-gaap Debt Securities Realized Gain Loss
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100000 usd
CY2021 us-gaap Debt Securities Realized Gain Loss
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CY2022Q4 abus Lessee Operating Lease Numberof Leases
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CY2021 us-gaap Operating Lease Expense
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CY2022 us-gaap Operating Lease Expense
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CY2022 abus Fixed Lease Cost
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CY2021 abus Fixed Lease Cost
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CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022 us-gaap Operating Lease Payments
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641000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
650000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
616000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
635000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
654000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
134000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2637000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
450000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2187000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15871000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10801000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5070000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15357000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
Depreciation
1800000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
16029000 usd
CY2022Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
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CY2021Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
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CY2022Q4 abus Accrued Payroll Current
AccruedPayrollCurrent
3730000 usd
CY2021Q4 abus Accrued Payroll Current
AccruedPayrollCurrent
4279000 usd
CY2022Q4 abus Accrued Researchand Development Current
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8261000 usd
CY2021Q4 abus Accrued Researchand Development Current
AccruedResearchandDevelopmentCurrent
2371000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
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CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
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CY2022Q4 us-gaap Other Accrued Liabilities Current
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CY2021Q4 us-gaap Other Accrued Liabilities Current
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CY2021Q4 abus Liability Related To Sale Of Future Royalties Noncurrent
LiabilityRelatedToSaleOfFutureRoyaltiesNoncurrent
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CY2020Q4 abus Liability Related To Sale Of Future Royalties Noncurrent
LiabilityRelatedToSaleOfFutureRoyaltiesNoncurrent
19554000 usd
CY2022 abus Liability From Sale Of Future Royalties Non Cash Royalty Income
LiabilityFromSaleOfFutureRoyaltiesNonCashRoyaltyIncome
7653000 usd
CY2021 abus Liability From Sale Of Future Royalties Non Cash Royalty Income
LiabilityFromSaleOfFutureRoyaltiesNonCashRoyaltyIncome
6108000 usd
CY2022 abus Liability From Sale Of Future Royalties Non Cash Expense
LiabilityFromSaleOfFutureRoyaltiesNonCashExpense
1722000 usd
CY2021 abus Liability From Sale Of Future Royalties Non Cash Expense
LiabilityFromSaleOfFutureRoyaltiesNonCashExpense
2850000 usd
CY2022Q4 abus Liability Related To Sale Of Future Royalties Noncurrent
LiabilityRelatedToSaleOfFutureRoyaltiesNoncurrent
10365000 usd
CY2021Q4 abus Liability Related To Sale Of Future Royalties Noncurrent
LiabilityRelatedToSaleOfFutureRoyaltiesNoncurrent
16296000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22455000 usd
CY2022Q4 abus Alnylam Entitlements
AlnylamEntitlements
2 product
CY2022 us-gaap Revenues
Revenues
39019000 usd
CY2021 us-gaap Revenues
Revenues
10988000 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1164000 shares
CY2021Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
22833922 shares
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
1500000 shares
CY2022Q4 abus Common Stock Discount On Shares Percentage
CommonStockDiscountOnSharesPercentage
0.15
CY2022 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
171224 shares
CY2021 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
196335 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1132441 shares
CY2022 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
200000 usd
CY2021 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
300000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7182000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6424000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
13200000 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y4M24D
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.27
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.27
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 abus Effective Income Tax Rate Reconciliation Tax Withholding
EffectiveIncomeTaxRateReconciliationTaxWithholding
4444000 usd
CY2021 abus Effective Income Tax Rate Reconciliation Tax Withholding
EffectiveIncomeTaxRateReconciliationTaxWithholding
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CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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CY2021 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
869000 usd
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
4292000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
4444000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
0 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
324000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
611000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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14563000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
15928000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
5625000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
4840000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
504000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
456000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4444000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
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CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
3800000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
11700000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
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11700000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
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CY2021Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
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CY2022Q4 abus Deferred Tax Asset Book Amortization In Excess Of Tax
DeferredTaxAssetBookAmortizationInExcessOfTax
461000 usd
CY2021Q4 abus Deferred Tax Asset Book Amortization In Excess Of Tax
DeferredTaxAssetBookAmortizationInExcessOfTax
634000 usd
CY2022Q4 abus Deferred Tax Asset Revenue Recognized For Tax Purposes In Excess Of Revenue Recognized For Accounting Purposes
DeferredTaxAssetRevenueRecognizedForTaxPurposesInExcessOfRevenueRecognizedForAccountingPurposes
2799000 usd
CY2021Q4 abus Deferred Tax Asset Revenue Recognized For Tax Purposes In Excess Of Revenue Recognized For Accounting Purposes
DeferredTaxAssetRevenueRecognizedForTaxPurposesInExcessOfRevenueRecognizedForAccountingPurposes
4400000 usd
CY2022Q4 abus Deferred Tax Asset Tax Value In Excess Of Accounting Value In Lease Inducements
DeferredTaxAssetTaxValueInExcessOfAccountingValueInLeaseInducements
93000 usd
CY2021Q4 abus Deferred Tax Asset Tax Value In Excess Of Accounting Value In Lease Inducements
DeferredTaxAssetTaxValueInExcessOfAccountingValueInLeaseInducements
549000 usd
CY2022Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
3375000 usd
CY2021Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
3375000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
3633000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
3741000 usd
CY2022Q4 abus Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Stock Options
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsStockOptions
3681000 usd
CY2021Q4 abus Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Stock Options
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsStockOptions
3309000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
16471000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
0 usd
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
1507000 usd
CY2021Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
387000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
153000 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1341000 usd
CY2022Q4 abus Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
145287000 usd
CY2021Q4 abus Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
130724000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
145287000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
130724000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2021Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
22833922 shares

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abus-20221231_pre.xml Edgar Link unprocessable
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abus-20221231.htm Edgar Link pending
abus-20221231.xsd Edgar Link pending
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abus-20221231_cal.xml Edgar Link unprocessable
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abus-20221231_htm.xml Edgar Link completed
exhibit1041formofrsuawarda.htm Edgar Link pending
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