2023 Q1 Form 10-K Financial Statement

#000178730623000023 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $2.781M $2.961M $3.686M
YoY Change
Cost Of Revenue $783.0K $485.0K $754.0K
YoY Change
Gross Profit $1.998M $2.476M $2.932M
YoY Change
Gross Profit Margin 71.84% 83.62% 79.54%
Selling, General & Admin $42.92M $37.02M $122.1M
YoY Change 95.03% 97.69% 100.3%
% of Gross Profit 2148.05% 1495.27% 4165.21%
Research & Development $35.35M $33.88M $182.4M
YoY Change -12.99% -35.54% 25.33%
% of Gross Profit 1769.02% 1368.21% 6222.2%
Depreciation & Amortization $175.0K $347.0K $600.0K
YoY Change 16.67% 155.15% 32.16%
% of Gross Profit 8.76% 14.01% 20.46%
Operating Expenses $79.05M $70.90M $305.3M
YoY Change 26.22% -0.54% 47.83%
Operating Profit -$76.27M -$68.42M -$301.6M
YoY Change 21.77% 46.05%
Interest Expense $7.042M -$6.915M $15.65M
YoY Change 283.13%
% of Operating Profit
Other Income/Expense, Net -$3.835M $3.320M -$9.831M
YoY Change 126.12% -8400.0% -5782.66%
Pretax Income -$80.10M -$72.02M -$311.5M
YoY Change 24.53% 0.97% 50.93%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$80.10M -$72.02M -$311.5M
YoY Change 24.53% 0.97% 50.93%
Net Earnings / Revenue -2880.26% -2432.25% -8449.76%
Basic Earnings Per Share -$1.31 -$5.66
Diluted Earnings Per Share -$1.31 -$1.18 -$5.66
COMMON SHARES
Basic Shares Outstanding 61.08M shares 60.93M shares 55.03M shares
Diluted Shares Outstanding 61.17M shares 55.03M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $332.4M $409.6M $409.6M
YoY Change -3.26% 5.82% 5.82%
Cash & Equivalents $81.41M $53.64M $53.64M
Short-Term Investments $251.0M $355.9M $355.9M
Other Short-Term Assets $13.95M $11.85M $11.85M
YoY Change -6.71% -22.84% -22.84%
Inventory $8.551M $7.514M $7.514M
Prepaid Expenses
Receivables $12.77M $8.458M $8.458M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $367.7M $437.4M $437.4M
YoY Change 2.44% 8.6% 8.6%
LONG-TERM ASSETS
Property, Plant & Equipment $2.070M $1.881M $4.602M
YoY Change -3.81% -16.81% -13.19%
Goodwill
YoY Change
Intangibles $7.000M $7.188M
YoY Change
Long-Term Investments
YoY Change
Other Assets $78.00K $78.00K $78.00K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $11.78M $11.87M $11.87M
YoY Change 126.97% 120.64% 120.64%
TOTAL ASSETS
Total Short-Term Assets $367.7M $437.4M $437.4M
Total Long-Term Assets $11.78M $11.87M $11.87M
Total Assets $379.5M $449.3M $449.3M
YoY Change 4.22% 10.08% 10.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.49M $8.827M $8.827M
YoY Change 0.15% 20.05% 20.05%
Accrued Expenses $23.86M $28.32M $28.98M
YoY Change 19.38% 10.9% 11.58%
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 $37.03M $37.81M $37.81M
YoY Change 12.32% 13.45% 13.45%
LONG-TERM LIABILITIES
Long-Term Debt $198.8M $197.8M $197.8M
YoY Change 173.24% 173.35% 173.35%
Other Long-Term Liabilities $3.938M $0.00 $4.117M
YoY Change 20626.32% -100.0% -14.21%
Total Long-Term Liabilities $198.8M $197.8M $201.9M
YoY Change 173.17% 173.26% 161.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.03M $37.81M $37.81M
Total Long-Term Liabilities $198.8M $197.8M $201.9M
Total Liabilities $239.7M $239.7M $239.7M
YoY Change 117.27% 116.97% 116.97%
SHAREHOLDERS EQUITY
Retained Earnings -$799.9M -$719.8M
YoY Change 69.26% 76.29%
Common Stock $6.000K $6.000K
YoY Change 20.0% 20.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $139.7M $209.6M $209.6M
YoY Change
Total Liabilities & Shareholders Equity $379.5M $449.3M $449.3M
YoY Change 4.22% 10.08% 10.08%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$80.10M -$72.02M -$311.5M
YoY Change 24.53% 0.97% 50.93%
Depreciation, Depletion And Amortization $175.0K $347.0K $600.0K
YoY Change 16.67% 155.15% 32.16%
Cash From Operating Activities -$80.34M -$71.06M -$257.7M
YoY Change 41.02% 37.43% 47.58%
INVESTING ACTIVITIES
Capital Expenditures $82.00K $123.0K $333.0K
YoY Change -33.87% -147.13% -66.53%
Acquisitions
YoY Change
Other Investing Activities $107.8M $42.32M -$63.92M
YoY Change 599.26% 78.13% -14.73%
Cash From Investing Activities $107.8M $42.20M -$87.20M
YoY Change 604.39% 79.59% 14.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $161.6M
YoY Change -22.12%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $100.0K 962.0K $301.8M
YoY Change -99.32% -98.68% 7.04%
NET CHANGE
Cash From Operating Activities -$80.34M -71.06M -$257.7M
Cash From Investing Activities $107.8M 42.20M -$87.20M
Cash From Financing Activities $100.0K 962.0K $301.8M
Net Change In Cash $27.46M -27.90M -$43.12M
YoY Change -201.83% -162.46% -237.46%
FREE CASH FLOW
Cash From Operating Activities -$80.34M -$71.06M -$257.7M
Capital Expenditures $82.00K $123.0K $333.0K
Free Cash Flow -$80.43M -$71.19M -$258.0M
YoY Change 40.85% 38.37% 46.93%

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CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1922000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
32682000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-831000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-311458000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
209581000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-311458000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-206356000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-135678000 usd
CY2022 us-gaap Depreciation
Depreciation
622000 usd
CY2021 us-gaap Depreciation
Depreciation
454000 usd
CY2020 us-gaap Depreciation
Depreciation
122000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
319000 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
309000 usd
CY2020 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
333000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
312000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2022 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
29630000 usd
CY2021 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
0 usd
CY2020 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
0 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
2253000 usd
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-3454000 usd
CY2020 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-72000 usd
CY2022 us-gaap Accretion Expense
AccretionExpense
2606000 usd
CY2021 us-gaap Accretion Expense
AccretionExpense
0 usd
CY2020 us-gaap Accretion Expense
AccretionExpense
0 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
32682000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
23892000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
7943000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-42000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8458000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7514000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3472000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7329000 usd
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3412000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1565000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
245000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5674000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1193000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10461000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
11877000 usd
CY2022 arqt Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-433000 usd
CY2021 arqt Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
243000 usd
CY2020 arqt Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-6000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-257715000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-174627000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-113033000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
415389000 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
292508000 usd
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
279103000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
351473000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
217550000 usd
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
97600000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
333000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
995000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
321000 usd
CY2022 us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
15450000 usd
CY2021 us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
0 usd
CY2020 us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
0 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
7500000 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87199000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75953000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-181824000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1016000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1265000 usd
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
526000 usd
CY2022 arqt Proceeds From Issuance Of Shares Under At The Market Offering Net Of Issuance Costs
ProceedsFromIssuanceOfSharesUnderAtTheMarketOfferingNetOfIssuanceCosts
14455000 usd
CY2021 arqt Proceeds From Issuance Of Shares Under At The Market Offering Net Of Issuance Costs
ProceedsFromIssuanceOfSharesUnderAtTheMarketOfferingNetOfIssuanceCosts
0 usd
CY2020 arqt Proceeds From Issuance Of Shares Under At The Market Offering Net Of Issuance Costs
ProceedsFromIssuanceOfSharesUnderAtTheMarketOfferingNetOfIssuanceCosts
0 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
CY2020 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
168642000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
161592000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
207490000 usd
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
128360000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
1922000 usd
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
842000 usd
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
617000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
125000000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
73987000 usd
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2187000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1637000 usd
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
301798000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
281947000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
298145000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-43116000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
31367000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3288000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
97991000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66624000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63336000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54875000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
97991000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66624000 usd
CY2022 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
12636000 usd
CY2021 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
142000 usd
CY2020 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 usd
CY2022 arqt Acquired In Process Research And Development In Exchange For Issuance Of Common Stock
AcquiredInProcessResearchAndDevelopmentInExchangeForIssuanceOfCommonStock
12468000 usd
CY2021 arqt Acquired In Process Research And Development In Exchange For Issuance Of Common Stock
AcquiredInProcessResearchAndDevelopmentInExchangeForIssuanceOfCommonStock
0 usd
CY2020 arqt Acquired In Process Research And Development In Exchange For Issuance Of Common Stock
AcquiredInProcessResearchAndDevelopmentInExchangeForIssuanceOfCommonStock
0 usd
CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 usd
CY2021 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 usd
CY2020 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
166491000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3617000 usd
CY2022 arqt Reduction Of Right Of Use Asset Upon Reassessment Of Lease Term
ReductionOfRightOfUseAssetUponReassessmentOfLeaseTerm
0 usd
CY2021 arqt Reduction Of Right Of Use Asset Upon Reassessment Of Lease Term
ReductionOfRightOfUseAssetUponReassessmentOfLeaseTerm
0 usd
CY2020 arqt Reduction Of Right Of Use Asset Upon Reassessment Of Lease Term
ReductionOfRightOfUseAssetUponReassessmentOfLeaseTerm
123000 usd
CY2020Q1 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-719800000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-408300000 usd
CY2022Q4 arqt Cash Cash Equivalents And Marketable Securities
CashCashEquivalentsAndMarketableSecurities
410800000 usd
CY2021Q4 arqt Cash Cash Equivalents And Marketable Securities
CashCashEquivalentsAndMarketableSecurities
388600000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. On an ongoing basis, management evaluates such estimates and assumptions for continued reasonableness. In particular, management makes estimates with respect to revenue recognition, accruals for research and development activities, stock-based compensation expense, and income taxes. Appropriate adjustments, if any, to the estimates used are made prospectively based upon such periodic evaluation. Actual results could differ from those estimates.</span></div>
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1200000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1500000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
14100000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
0 usd
CY2022Q3 arqt Intangible Assets Milestone Payment
IntangibleAssetsMilestonePayment
7500000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk and Other Risks and Uncertainties</span></div><div style="margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash, cash equivalents, and marketable securities. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. The Company is exposed to credit risk in the event of a default by the financial institutions holding its cash to the extent recorded on the consolidated balance sheets.</span></div><div style="margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management believes the Company is not exposed to significant credit risk due to the financial position of the depository institutions in which those deposits are held.</span></div>
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2020 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
409589000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
387059000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
53641000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
53641000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
357034000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
7000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1093000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
355948000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96449000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
96449000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
290865000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
255000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
290610000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2022 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0 usd
CY2021 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5659000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
0 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
395000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
0 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1460000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
0 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
7514000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
0 usd
CY2022Q4 arqt Prepaid Copay Assistance Program
PrepaidCopayAssistanceProgram
3226000 usd
CY2021Q4 arqt Prepaid Copay Assistance Program
PrepaidCopayAssistanceProgram
0 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
956000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
518000 usd
CY2022Q4 arqt Prepaid Clinical Trial Test Costs Current
PrepaidClinicalTrialTestCostsCurrent
172000 usd
CY2021Q4 arqt Prepaid Clinical Trial Test Costs Current
PrepaidClinicalTrialTestCostsCurrent
5629000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
6257000 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
8025000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10611000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
14172000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14000000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9130000 usd
CY2022Q4 arqt Clinical Trial Accrual Current
ClinicalTrialAccrualCurrent
7896000 usd
CY2021Q4 arqt Clinical Trial Accrual Current
ClinicalTrialAccrualCurrent
13217000 usd
CY2022Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
1567000 usd
CY2021Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
0 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4860000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3193000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
28323000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25540000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3034000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2793000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1153000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
532000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1881000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2261000 usd
CY2022 us-gaap Depreciation
Depreciation
600000 usd
CY2021 us-gaap Depreciation
Depreciation
500000 usd
CY2020 us-gaap Depreciation
Depreciation
100000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
965000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
994000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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