2024 Q4 Form 10-Q Financial Statement

#000162828024046050 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $18.46M $14.49M
YoY Change 27.4% -81.01%
Cost Of Revenue $851.0K $366.0K
YoY Change 132.51% -30.68%
Gross Profit $17.61M $14.13M
YoY Change 24.68% -81.36%
Gross Profit Margin 95.39% 97.47%
Selling, General & Admin $20.68M $23.04M
YoY Change -10.25% -36.72%
% of Gross Profit 117.38% 163.06%
Research & Development $32.50M $26.93M
YoY Change 20.7% -35.03%
% of Gross Profit 184.53% 190.61%
Depreciation & Amortization $336.0K $796.0K
YoY Change -57.79% 39.16%
% of Gross Profit 1.91% 5.63%
Operating Expenses $53.18M $50.41M
YoY Change 5.5% -35.49%
Operating Profit -$35.56M -$36.28M
YoY Change -1.97% 1445.76%
Interest Expense $13.12M -$11.03M
YoY Change -218.9% 29.62%
% of Operating Profit
Other Income/Expense, Net -$8.055M $244.0K
YoY Change -3401.23% 100.0%
Pretax Income -$43.60M -$47.89M
YoY Change -8.96% -6.68%
Income Tax $100.0K -$86.00K
% Of Pretax Income
Net Earnings -$43.97M -$47.81M
YoY Change -8.03% -5.53%
Net Earnings / Revenue -238.13% -329.86%
Basic Earnings Per Share -$0.42 -$0.57
Diluted Earnings Per Share -$0.42 -$0.58
COMMON SHARES
Basic Shares Outstanding 96.69M shares 96.65M shares 82.26M shares
Diluted Shares Outstanding 104.8M shares 82.26M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $274.3M $310.4M
YoY Change -11.64% -18.5%
Cash & Equivalents $274.3M $310.4M
Short-Term Investments
Other Short-Term Assets $18.63M $21.28M
YoY Change -12.46% 16.66%
Inventory $16.07M $22.73M
Prepaid Expenses
Receivables $24.03M $21.18M
Other Receivables $0.00 $0.00
Total Short-Term Assets $333.0M $375.6M
YoY Change -11.34% -14.27%
LONG-TERM ASSETS
Property, Plant & Equipment $5.721M $15.53M
YoY Change -63.17% 57.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $26.99M
YoY Change -100.0% -22.19%
Other Assets $1.165M $36.42M
YoY Change -96.8% 5.58%
Total Long-Term Assets $16.07M $91.30M
YoY Change -82.39% -2.52%
TOTAL ASSETS
Total Short-Term Assets $333.0M $375.6M
Total Long-Term Assets $16.07M $91.30M
Total Assets $349.1M $466.9M
YoY Change -25.23% -12.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.37M $8.977M
YoY Change 60.1% -22.69%
Accrued Expenses $53.31M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $15.75M
YoY Change 18.36%
Total Short-Term Liabilities $67.68M $78.21M
YoY Change -13.46% -10.7%
LONG-TERM LIABILITIES
Long-Term Debt $436.8M $413.0M
YoY Change 5.75% 32.57%
Other Long-Term Liabilities $7.649M $29.83M
YoY Change -74.35% 7.16%
Total Long-Term Liabilities $7.649M $442.9M
YoY Change -98.27% 30.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.68M $78.21M
Total Long-Term Liabilities $7.649M $442.9M
Total Liabilities $521.0M $521.1M
YoY Change -0.01% 22.04%
SHAREHOLDERS EQUITY
Retained Earnings -$1.463B
YoY Change
Common Stock $8.233M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $222.0K
YoY Change
Treasury Stock Shares
Shareholders Equity -$171.9M -$54.18M
YoY Change
Total Liabilities & Shareholders Equity $349.1M $466.9M
YoY Change -25.23% -12.2%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$43.97M -$47.81M
YoY Change -8.03% -5.53%
Depreciation, Depletion And Amortization $336.0K $796.0K
YoY Change -57.79% 39.16%
Cash From Operating Activities -$25.04M -$34.01M
YoY Change -26.37% -1649.57%
INVESTING ACTIVITIES
Capital Expenditures $216.0K $659.0K
YoY Change -67.22% -359.45%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$216.0K -$659.0K
YoY Change -67.22% 159.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -879.0K -2.304M
YoY Change -61.85% -197.42%
NET CHANGE
Cash From Operating Activities -25.04M -34.01M
Cash From Investing Activities -216.0K -659.0K
Cash From Financing Activities -879.0K -2.304M
Net Change In Cash -26.14M -36.98M
YoY Change -29.31% -958.71%
FREE CASH FLOW
Cash From Operating Activities -$25.04M -$34.01M
Capital Expenditures $216.0K $659.0K
Free Cash Flow -$25.26M -$34.67M
YoY Change -27.15% -1515.76%

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us-gaap Comprehensive Income Net Of Tax
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StockholdersEquity
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us-gaap Net Income Loss
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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399000 usd
us-gaap Oci Equity Method Investment After Tax Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4952000 usd
adc Stockholders Equity Excluding Oci Period Increase Decrease
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2023Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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adc Other Comprehensive Income Loss Before Oci Equity Method Investment Net Of Tax Portion Attributable To Parent
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us-gaap Oci Equity Method Investment After Tax Parent
OciEquityMethodInvestmentAfterTaxParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Comprehensive Income Net Of Tax
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adc Stockholders Equity Excluding Oci Period Increase Decrease
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CY2023Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Amortization Of Advance Royalty
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us-gaap Amortization Of Advance Royalty
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us-gaap Paid In Kind Interest
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us-gaap Paid In Kind Interest
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adc Deferred Royalty Obligation Cumulative Catch Up Adjustment
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us-gaap Inventory Write Down
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us-gaap Inventory Write Down
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us-gaap Depreciation
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993000 usd
us-gaap Depreciation
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852000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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32000 usd
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278598000 usd
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274272000 usd
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
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adc Noncash Payment For Royalty Financing Transaction
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adc Transaction Costs Recorded In Accounts Payable And Other Current Liabilities
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adc Number Of Subsidiaries
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adc Number Of Subsidiaries
NumberOfSubsidiaries
3 subsidiary
adc Number Of Business Segments
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<div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Use of Estimates</span></div><div style="padding-left:18pt"><span><br/></span></div><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures in the unaudited condensed consolidated financial statements and accompanying notes. Management bases its estimates on </span></div><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">historical experience and on assumptions believed to be reasonable under the circumstances. Actual results could differ materially from those estimates.</span></div>
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us-gaap Inventory Write Down
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CY2024Q3 us-gaap Property Plant And Equipment Net
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5721000 usd
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336000 usd
us-gaap Depreciation
Depreciation
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CY2023Q3 us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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adc Number Of Product Candidates Developed And Commercialized In Joint Venture
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3 subsidiary
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100000 usd
us-gaap Income Tax Expense Benefit
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2024Q3 adc Accrued Research And Development Costs Current
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20771000 usd
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24902000 usd
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1543000 usd
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CY2024Q3 adc Accrued Expenses And Other Current Liabilities
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CY2022Q3 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
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733568 shares
CY2024Q3 us-gaap Secured Long Term Debt
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SecuredLongTermDebt
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CY2021Q3 adc Royalty Purchase Agreement
RoyaltyPurchaseAgreement
325000000 usd
CY2021Q3 us-gaap Proceeds From Royalties Received
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225000000 usd
CY2023 us-gaap Proceeds From Royalties Received
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CY2022Q4 adc Deferred Royalty Obligation
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CY2023 adc Increase Decrease To Royalty Obligation Transaction Costs
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CY2023 adc Increase Decrease To Royalty Obligation Interest Expense
IncreaseDecreaseToRoyaltyObligationInterestExpense
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CY2023Q4 adc Deferred Royalty Obligation
DeferredRoyaltyObligation
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24891000 usd
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CY2024Q3 adc Deferred Royalty Obligation
DeferredRoyaltyObligation
329845000 usd
adc Capital And Interest Guarantee Defined Benefit Plan
CapitalAndInterestGuaranteeDefinedBenefitPlan
1
CY2024Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
185000 usd
CY2023Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
143000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
532000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
590000 usd
CY2024Q3 us-gaap Defined Benefit Plan Interest Cost
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40000 usd
CY2023Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
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us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
115000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
223000 usd
CY2024Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
63000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
82000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
181000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
247000 usd
CY2024Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-44000 usd
CY2023Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-39000 usd
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-125000 usd
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-118000 usd
CY2024Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
118000 usd
CY2023Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
96000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
341000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
448000 usd
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.08
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52894000 usd
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
1033000 usd
CY2024Q3 us-gaap Revenues
Revenues
18464000 usd
CY2023Q3 us-gaap Revenues
Revenues
14493000 usd
us-gaap Revenues
Revenues
53927000 usd
us-gaap Revenues
Revenues
52768000 usd
CY2024Q3 us-gaap Revenues
Revenues
18464000 usd
CY2023Q3 us-gaap Revenues
Revenues
14493000 usd
us-gaap Revenues
Revenues
53927000 usd
us-gaap Revenues
Revenues
52768000 usd
CY2024Q2 adc Gross To Net Sales Adjustment
GrossToNetSalesAdjustment
14508000 usd
CY2024Q3 adc Gross To Net Sales Adjustment Provision
GrossToNetSalesAdjustmentProvision
6487000 usd
CY2024Q3 adc Gross To Net Sales Adjustment Prior Period Adjustment
GrossToNetSalesAdjustmentPriorPeriodAdjustment
-378000 usd
CY2024Q3 adc Gross To Net Sales Adjustment Credits And Payments
GrossToNetSalesAdjustmentCreditsAndPayments
-4224000 usd
CY2024Q3 adc Gross To Net Sales Adjustment
GrossToNetSalesAdjustment
16393000 usd
CY2023Q4 adc Gross To Net Sales Adjustment
GrossToNetSalesAdjustment
11337000 usd
adc Gross To Net Sales Adjustment Provision
GrossToNetSalesAdjustmentProvision
18608000 usd
adc Gross To Net Sales Adjustment Prior Period Adjustment
GrossToNetSalesAdjustmentPriorPeriodAdjustment
-1442000 usd
adc Gross To Net Sales Adjustment Credits And Payments
GrossToNetSalesAdjustmentCreditsAndPayments
-12110000 usd
CY2024Q3 adc Gross To Net Sales Adjustment
GrossToNetSalesAdjustment
16393000 usd
CY2023Q2 adc Gross To Net Sales Adjustment
GrossToNetSalesAdjustment
5734000 usd
CY2023Q3 adc Gross To Net Sales Adjustment Provision
GrossToNetSalesAdjustmentProvision
6547000 usd
CY2023Q3 adc Gross To Net Sales Adjustment Prior Period Adjustment
GrossToNetSalesAdjustmentPriorPeriodAdjustment
-8000 usd
CY2023Q3 adc Gross To Net Sales Adjustment Credits And Payments
GrossToNetSalesAdjustmentCreditsAndPayments
-3482000 usd
CY2023Q3 adc Gross To Net Sales Adjustment
GrossToNetSalesAdjustment
8791000 usd
CY2022Q4 adc Gross To Net Sales Adjustment
GrossToNetSalesAdjustment
3746000 usd
adc Gross To Net Sales Adjustment Provision
GrossToNetSalesAdjustmentProvision
17946000 usd
adc Gross To Net Sales Adjustment Prior Period Adjustment
GrossToNetSalesAdjustmentPriorPeriodAdjustment
-885000 usd
adc Gross To Net Sales Adjustment Credits And Payments
GrossToNetSalesAdjustmentCreditsAndPayments
-12016000 usd
CY2023Q3 adc Gross To Net Sales Adjustment
GrossToNetSalesAdjustment
8791000 usd
CY2024Q3 adc Trade And Other Current Receivables Sales Adjustment
TradeAndOtherCurrentReceivablesSalesAdjustment
2263000 usd
CY2023Q4 adc Trade And Other Current Receivables Sales Adjustment
TradeAndOtherCurrentReceivablesSalesAdjustment
2403000 usd
CY2024Q3 adc Current And Accrued Expenses And Other Current Liabilities Sales Adjustment
CurrentAndAccruedExpensesAndOtherCurrentLiabilitiesSalesAdjustment
14130000 usd
CY2023Q4 adc Current And Accrued Expenses And Other Current Liabilities Sales Adjustment
CurrentAndAccruedExpensesAndOtherCurrentLiabilitiesSalesAdjustment
8934000 usd
CY2024Q3 adc Gross To Net Sales Adjustment
GrossToNetSalesAdjustment
16393000 usd
CY2023Q4 adc Gross To Net Sales Adjustment
GrossToNetSalesAdjustment
11337000 usd
CY2024Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
3400000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
9600000 usd
CY2023Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
2700000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
7300000 usd
CY2024Q3 adc Deferred Royalty Obligation Interest Expense
DeferredRoyaltyObligationInterestExpense
8532000 usd
CY2023Q3 adc Deferred Royalty Obligation Interest Expense
DeferredRoyaltyObligationInterestExpense
8087000 usd
adc Deferred Royalty Obligation Interest Expense
DeferredRoyaltyObligationInterestExpense
24891000 usd
adc Deferred Royalty Obligation Interest Expense
DeferredRoyaltyObligationInterestExpense
19662000 usd
CY2024Q3 us-gaap Interest Expense Other
InterestExpenseOther
0 usd
CY2023Q3 us-gaap Interest Expense Other
InterestExpenseOther
1000 usd
us-gaap Interest Expense Other
InterestExpenseOther
0 usd
us-gaap Interest Expense Other
InterestExpenseOther
6000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
13117000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
12816000 usd
us-gaap Interest Expense
InterestExpense
38292000 usd
us-gaap Interest Expense
InterestExpense
33416000 usd
CY2024Q3 adc Deferred Royalty Obligation Cumulative Catch Up Adjustment
DeferredRoyaltyObligationCumulativeCatchUpAdjustment
-206000 usd
CY2023Q3 adc Deferred Royalty Obligation Cumulative Catch Up Adjustment
DeferredRoyaltyObligationCumulativeCatchUpAdjustment
-437000 usd
adc Deferred Royalty Obligation Cumulative Catch Up Adjustment
DeferredRoyaltyObligationCumulativeCatchUpAdjustment
-732000 usd
adc Deferred Royalty Obligation Cumulative Catch Up Adjustment
DeferredRoyaltyObligationCumulativeCatchUpAdjustment
4851000 usd
CY2024Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
21000 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
39000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-75000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2000 usd
CY2024Q3 adc Research And Development Tax Credit
ResearchAndDevelopmentTaxCredit
-267000 usd
CY2023Q3 adc Research And Development Tax Credit
ResearchAndDevelopmentTaxCredit
-244000 usd
adc Research And Development Tax Credit
ResearchAndDevelopmentTaxCredit
-834000 usd
adc Research And Development Tax Credit
ResearchAndDevelopmentTaxCredit
-699000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1624000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
860000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1783000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3374000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.00
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10744406 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y1M20D
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.46
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1055800 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
9.71
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
514845 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
31.17
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
957102 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.25
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
87822 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.94
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10240437 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y8M12D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
5213316 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10240437 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
13.55
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y10M28D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.73
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
5027121 shares
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
9000000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-43969000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-46726000 usd
us-gaap Net Income Loss
NetIncomeLoss
-127119000 usd
us-gaap Net Income Loss
NetIncomeLoss
-155022000 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104824877 shares
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104824877 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82256847 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82256847 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94394355 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94394355 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81516563 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81516563 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.57
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.90
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.90
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20852503 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16704626 shares
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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