2024 Q4 Form 10-Q Financial Statement

#000095017024123305 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.336M
YoY Change 25.89%
% of Gross Profit
Research & Development $14.81M
YoY Change 43.49%
% of Gross Profit
Depreciation & Amortization $178.0K
YoY Change -1.11%
% of Gross Profit
Operating Expenses $18.14M
YoY Change 39.91%
Operating Profit -$18.14M
YoY Change 43.82%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $882.0K
YoY Change -30.71%
Pretax Income -$17.26M
YoY Change 52.21%
Income Tax
% Of Pretax Income
Net Earnings -$17.30M
YoY Change 53.1%
Net Earnings / Revenue
Basic Earnings Per Share -$0.23
Diluted Earnings Per Share -$0.23
COMMON SHARES
Basic Shares Outstanding 83.94M 75.80M
Diluted Shares Outstanding 75.80M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.99M
YoY Change -35.39%
Cash & Equivalents $11.46M
Short-Term Investments $54.53M
Other Short-Term Assets $8.499M
YoY Change 174.16%
Inventory
Prepaid Expenses $8.499M
Receivables
Other Receivables $1.831M
Total Short-Term Assets $76.32M
YoY Change -28.87%
LONG-TERM ASSETS
Property, Plant & Equipment $5.021M
YoY Change -11.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $130.0K
YoY Change 78.08%
Total Long-Term Assets $15.30M
YoY Change -13.91%
TOTAL ASSETS
Total Short-Term Assets $76.32M
Total Long-Term Assets $15.30M
Total Assets $91.62M
YoY Change -26.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.949M
YoY Change 93.29%
Accrued Expenses $8.958M
YoY Change -6.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $528.0K
YoY Change 5.6%
Total Short-Term Liabilities $14.12M
YoY Change 9.6%
LONG-TERM LIABILITIES
Long-Term Debt $1.028M
YoY Change -26.57%
Other Long-Term Liabilities $11.33M
YoY Change -9.35%
Total Long-Term Liabilities $12.36M
YoY Change -11.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.12M
Total Long-Term Liabilities $12.36M
Total Liabilities $26.29M
YoY Change -1.53%
SHAREHOLDERS EQUITY
Retained Earnings -$517.1M
YoY Change 14.07%
Common Stock $76.00K
YoY Change 28.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $65.33M
YoY Change
Total Liabilities & Shareholders Equity $91.62M
YoY Change -26.75%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$17.30M
YoY Change 53.1%
Depreciation, Depletion And Amortization $178.0K
YoY Change -1.11%
Cash From Operating Activities -$13.16M
YoY Change 37.64%
INVESTING ACTIVITIES
Capital Expenditures $15.00K
YoY Change -97.32%
Acquisitions
YoY Change
Other Investing Activities $17.96M
YoY Change 263.58%
Cash From Investing Activities $17.95M
YoY Change 309.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -105.0K
YoY Change -103.9%
NET CHANGE
Cash From Operating Activities -13.16M
Cash From Investing Activities 17.95M
Cash From Financing Activities -105.0K
Net Change In Cash 4.683M
YoY Change -288.07%
FREE CASH FLOW
Cash From Operating Activities -$13.16M
Capital Expenditures $15.00K
Free Cash Flow -$13.17M
YoY Change 30.17%

Facts In Submission

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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Payments To Acquire Property Plant And Equipment
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40000
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us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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0
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ProceedsFromSaleOfPropertyPlantAndEquipment
15000
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23318000
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atyr Proceeds From Issuance Of Common Stock Under Employee Stock Purchase Plan
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39000
atyr Proceeds From Issuance Of Common Stock Under Employee Stock Purchase Plan
ProceedsFromIssuanceOfCommonStockUnderEmployeeStockPurchasePlan
65000
atyr Proceeds From Issuance Of Common Stock Through At Market Offering Net Of Offering Costs
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atyr Proceeds From Issuance Of Common Stock Through At Market Offering Net Of Offering Costs
ProceedsFromIssuanceOfCommonStockThroughAtMarketOfferingNetOfOfferingCosts
12337000
atyr Proceeds From Issuance Of Common Stock Through Underwritten Follow On Offering Net Of Offering Costs
ProceedsFromIssuanceOfCommonStockThroughUnderwrittenFollowOnOfferingNetOfOfferingCosts
0
atyr Proceeds From Issuance Of Common Stock Through Underwritten Follow On Offering Net Of Offering Costs
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48073000
us-gaap Finance Lease Principal Payments
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13146000
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13238000
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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2926000
CY2023Q3 us-gaap Restricted Cash Noncurrent
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3451000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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14384000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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13238000
us-gaap Interest Paid Net
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107000
us-gaap Interest Paid Net
InterestPaidNet
133000
atyr Purchases Of Property And Equipment In Accounts Payable
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34000
atyr Purchases Of Property And Equipment In Accounts Payable
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0
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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0
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Net Income Loss
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-49100000
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-517100000
CY2024Q3 atyr Cash And Cash Equivalents Restricted Cash And Available For Sale Investments
CashAndCashEquivalentsRestrictedCashAndAvailableForSaleInvestments
68900000
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2900000
CY2023 atyr Employee Retention Of Payroll Expenses
EmployeeRetentionOfPayrollExpenses
1200000
us-gaap Use Of Estimates
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<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:6pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:5.067%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Our </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">unaudited interim condensed consolidated financial statements are prepared in accordance with U.S. GAAP. The preparation of our unaudited interim condensed consolidated financial statements requires us to make estimates and assumptions that impact the reported amounts of assets, liabilities and expenses and the disclosure for these items in our unaudited interim condensed consolidated financial statements and accompanying notes. The most significant estimates in our unaudited interim condensed consolidated financial statements relate to clinical trial and research and development expenses. Although these estimates are based on our knowledge of</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">current </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">events and actions we may undertake in the future, actual results may ultimately differ materially from these estimates and assumptions.</span></p>
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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6111690
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4079484
CY2024Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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54443000
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91000
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
5000
CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
54529000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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75646000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
52000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
76000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
75622000
CY2024Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
7
CY2024Q3 atyr Available For Sale Investments Number Of Positions
AvailableForSaleInvestmentsNumberOfPositions
21
CY2024Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
3
CY2024Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
5000000
CY2024Q3 atyr Debt Securities Available For Sale Accrued Interest
DebtSecuritiesAvailableForSaleAccruedInterest
300000
CY2023Q4 atyr Debt Securities Available For Sale Accrued Interest
DebtSecuritiesAvailableForSaleAccruedInterest
300000
CY2022Q2 us-gaap Area Of Land
AreaOfLand
23696
atyr Lessee Operating Lease Lease Commencement Date
LesseeOperatingLeaseLeaseCommencementDate
2023-03-20
CY2023Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P124M
us-gaap Lessee Operating Lease Lease Not Yet Commenced Option To Extend
LesseeOperatingLeaseLeaseNotYetCommencedOptionToExtend
We also have one option to extend the Lease Term for five years.
CY2022Q2 us-gaap Lessee Operating Lease Lease Not Yet Commenced Existence Of Option To Extend
LesseeOperatingLeaseLeaseNotYetCommencedExistenceOfOptionToExtend
true
CY2022Q2 atyr Base Rent Per Square Foot
BaseRentPerSquareFoot
5.75
CY2022Q2 atyr Annual Upward Adjustments On Base Rate Percentage
AnnualUpwardAdjustmentsOnBaseRatePercentage
0.03
us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
5300000
CY2023Q2 us-gaap Area Of Land
AreaOfLand
1500
CY2024Q2 us-gaap Area Of Land
AreaOfLand
1170
CY2024Q2 us-gaap Area Of Land
AreaOfLand
24866
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
421000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1722000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1780000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1916000
CY2024Q3 atyr Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
11812000
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5637000
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
12014000
CY2024Q3 us-gaap Operating Lease Liability Current
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683000
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
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11331000
CY2024Q3 us-gaap Operating Lease Expense
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400000
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
300000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1100000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1400000
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y9M18D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.088
CY2024Q3 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P48M
CY2024Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
158000
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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634000
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
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676000
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
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264000
CY2024Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
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176000
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
1556000
CY2024Q3 us-gaap Finance Lease Liability Current
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528000
CY2024Q3 us-gaap Finance Lease Liability Noncurrent
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1028000
CY2024Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2024Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.083
CY2022Q2 atyr Commission Rate Equal To Gross Proceeds1
CommissionRateEqualToGrossProceeds1
0.03
CY2024Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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11898798
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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3956827
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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6
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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2126098
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.57
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
52360
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
6.94
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6030565
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.43
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
752000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
664000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2219000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1941000
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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