2024 Q4 Form 10-Q Financial Statement
#000162828024045965 Filed on November 07, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
Revenue | $249.0K | $236.0K | |
YoY Change | 5.51% | -98.42% | |
Cost Of Revenue | -$714.0K | $247.0K | |
YoY Change | -389.07% | -53.22% | |
Gross Profit | $963.0K | -$11.00K | |
YoY Change | -8854.55% | -100.08% | |
Gross Profit Margin | 386.75% | -4.66% | |
Selling, General & Admin | $4.286M | $2.490M | |
YoY Change | 72.13% | -24.18% | |
% of Gross Profit | 445.07% | ||
Research & Development | $9.538M | $1.249M | |
YoY Change | 663.65% | -82.26% | |
% of Gross Profit | 990.45% | ||
Depreciation & Amortization | $34.00K | $50.00K | |
YoY Change | -32.0% | 47.06% | |
% of Gross Profit | 3.53% | ||
Operating Expenses | $9.538M | $3.739M | |
YoY Change | 155.09% | -63.79% | |
Operating Profit | -$12.86M | -$3.750M | |
YoY Change | 242.96% | -191.58% | |
Interest Expense | $964.0K | -$1.553M | |
YoY Change | -162.07% | 72.94% | |
% of Operating Profit | |||
Other Income/Expense, Net | $35.88M | -$1.470M | |
YoY Change | -2541.09% | 63.7% | |
Pretax Income | $23.02M | -$5.220M | |
YoY Change | -541.05% | -263.28% | |
Income Tax | -$14.00K | $8.000K | |
% Of Pretax Income | -0.06% | ||
Net Earnings | $23.04M | -$5.228M | |
YoY Change | -540.65% | -263.78% | |
Net Earnings / Revenue | 9251.81% | -2215.25% | |
Basic Earnings Per Share | $0.98 | -$0.11 | |
Diluted Earnings Per Share | -$2.83 | -$0.11 | |
COMMON SHARES | |||
Basic Shares Outstanding | 10.39M shares | 1.034M shares | 20.25M shares |
Diluted Shares Outstanding | 10.78M shares | 46.76M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $81.86M | $10.18M | |
YoY Change | 704.11% | -39.92% | |
Cash & Equivalents | $81.90M | $10.20M | |
Short-Term Investments | |||
Other Short-Term Assets | $3.292M | $940.0K | |
YoY Change | 250.21% | -19.73% | |
Inventory | $0.00 | ||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | $998.0K | $1.538M | |
Total Short-Term Assets | $86.15M | $12.66M | |
YoY Change | 580.53% | -34.92% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.674M | $2.070M | |
YoY Change | -19.13% | -17.43% | |
Goodwill | $10.50M | $14.41M | |
YoY Change | -27.11% | 0.0% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $131.0K | $130.0K | |
YoY Change | 0.77% | -28.18% | |
Total Long-Term Assets | $12.31M | $16.61M | |
YoY Change | -25.91% | -2.84% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $86.15M | $12.66M | |
Total Long-Term Assets | $12.31M | $16.61M | |
Total Assets | $98.46M | $29.27M | |
YoY Change | 236.37% | -19.91% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.811M | $789.0K | |
YoY Change | 129.53% | -45.47% | |
Accrued Expenses | $6.792M | $5.000M | |
YoY Change | 35.84% | -62.4% | |
Deferred Revenue | $0.00 | ||
YoY Change | -100.0% | ||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Long-Term Debt Due | $0.00 | ||
YoY Change | -100.0% | ||
Total Short-Term Liabilities | $60.67M | $6.005M | |
YoY Change | 910.39% | -66.91% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $1.083M | $1.456M | |
YoY Change | -25.62% | -18.7% | |
Total Long-Term Liabilities | $1.083M | $1.456M | |
YoY Change | -25.62% | -18.7% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $60.67M | $6.005M | |
Total Long-Term Liabilities | $1.083M | $1.456M | |
Total Liabilities | $75.72M | $14.58M | |
YoY Change | 419.53% | -62.22% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$334.9M | -$327.0M | |
YoY Change | 2.43% | 11.21% | |
Common Stock | $10.00K | $192.0K | |
YoY Change | -94.79% | 2033.33% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $21.08M | $14.70M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $98.46M | $29.27M | |
YoY Change | 236.37% | -19.91% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $23.04M | -$5.228M | |
YoY Change | -540.65% | -263.78% | |
Depreciation, Depletion And Amortization | $34.00K | $50.00K | |
YoY Change | -32.0% | 47.06% | |
Cash From Operating Activities | -$11.53M | -$6.830M | |
YoY Change | 68.77% | -219.28% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | |
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 10.69M | |
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -11.53M | -6.830M | |
Cash From Investing Activities | 0.000 | 0.000 | |
Cash From Financing Activities | 0.000 | 10.69M | |
Net Change In Cash | -11.53M | 3.860M | |
YoY Change | -398.63% | -32.13% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$11.53M | -$6.830M | |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | -$11.53M | -$6.830M | |
YoY Change | 68.77% | -218.47% |
Facts In Submission
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http://www.avalotherapeutics.com/20240930#PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization | |
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Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
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http://fasb.org/us-gaap/2024#DerivativeLiabilitiesNoncurrent | |
CY2023Q4 | us-gaap |
Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
|
http://fasb.org/us-gaap/2024#DerivativeLiabilitiesNoncurrent | |
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Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
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http://fasb.org/us-gaap/2024#AccruedLiabilitiesAndOtherLiabilities | |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://www.avalotherapeutics.com/20240930#PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization | |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent | |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent | |
CY2024Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3251000 | usd |
CY2023Q4 | avtx |
Property Plant And Equipment And Operating Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
1965000 | usd |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
10502000 | usd |
CY2024Q3 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
131000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
131000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
20993000 | usd |
CY2024Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1811000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
446000 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
7033000 | usd |
CY2024Q3 | avtx |
Warrant Liability Current
WarrantLiabilityCurrent
|
46830000 | usd |
CY2023Q4 | avtx |
Warrant Liability Current
WarrantLiabilityCurrent
|
0 | usd |
CY2024Q3 | us-gaap |
Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
|
5000000 | usd |
CY2023Q4 | us-gaap |
Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
|
0 | usd |
CY2024Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
60674000 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4618000 | usd |
CY2024Q3 | us-gaap |
Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
|
2000000 | usd |
CY2023Q4 | us-gaap |
Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
|
2000000 | usd |
CY2024Q3 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
154000 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
155000 | usd |
CY2024Q3 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
11810000 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
5550000 | usd |
CY2024Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1083000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1366000 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
13689000 | usd |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9682374 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
9682374 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
801746 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
801746 | shares |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1000 | usd |
CY2024Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
355990000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
12008000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7624000 | usd | |
CY2023Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
3986000 | usd |
CY2024Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-36025000 | usd |
CY2023Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
0 | usd |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
0 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-42000 | usd | |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1470000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5228000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-13608000 | usd |
CY2024Q3 | avtx |
Temporary Equity Shares Conversion Of Convertible Securities
TemporaryEquitySharesConversionOfConvertibleSecurities
|
8648 | shares |
CY2024Q3 | avtx |
Temporary Equity Value Conversion Of Convertible Securities
TemporaryEquityValueConversionOfConvertibleSecurities
|
9799000 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1848000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
23037000 | usd |
CY2024Q3 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
13712 | shares |
CY2024Q3 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
1658000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21076000 | usd |
CY2023Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
0 | shares |
CY2023Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
0 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7304000 | usd |
avtx |
Temporary Equity Shares Conversion Of Convertible Securities
TemporaryEquitySharesConversionOfConvertibleSecurities
|
8648 | shares | |
avtx |
Temporary Equity Value Conversion Of Convertible Securities
TemporaryEquityValueConversionOfConvertibleSecurities
|
9799000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2948000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
210000 | usd | |
CY2024Q3 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
13712 | shares |
CY2024Q3 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
1658000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21076000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6969000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
25939000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
953000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5228000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14695000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-10915000 | usd |
avtx |
Issuance Of Shares Of Common Stock And Warrants In Underwritten Public Offering Net Value
IssuanceOfSharesOfCommonStockAndWarrantsInUnderwrittenPublicOfferingNetValue
|
13748000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
32470000 | usd | |
us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
3640000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
3640000 | usd | |
us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
67000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2701000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-23376000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14695000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
210000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-23376000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
101000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
115000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2948000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2701000 | usd | |
avtx |
Acquired In Process Research And Development
AcquiredInProcessResearchAndDevelopment
|
27641000 | usd | |
avtx |
Acquired In Process Research And Development
AcquiredInProcessResearchAndDevelopment
|
0 | usd | |
avtx |
Excess Of Initial Warrant Fair Value Over Private Placement Proceeds
ExcessOfInitialWarrantFairValueOverPrivatePlacementProceeds
|
79276000 | usd | |
avtx |
Excess Of Initial Warrant Fair Value Over Private Placement Proceeds
ExcessOfInitialWarrantFairValueOverPrivatePlacementProceeds
|
0 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-148071000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
0 | usd | |
avtx |
Transaction Costs From Private Placement
TransactionCostsFromPrivatePlacement
|
7485000 | usd | |
avtx |
Transaction Costs From Private Placement
TransactionCostsFromPrivatePlacement
|
0 | usd | |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-7500000 | usd | |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
0 | usd | |
avtx |
Transaction Costs Upon Exercise Of Warrants In Private Placement
TransactionCostsUponExerciseOfWarrantsInPrivatePlacement
|
1734000 | usd | |
avtx |
Transaction Costs Upon Exercise Of Warrants In Private Placement
TransactionCostsUponExerciseOfWarrantsInPrivatePlacement
|
0 | usd | |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-6260000 | usd | |
us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-120000 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1828000 | usd | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
23000 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
862000 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-381000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
0 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-20000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2408000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-350000 | usd | |
avtx |
Increase Decrease In Lease Incentives
IncreaseDecreaseInLeaseIncentives
|
0 | usd | |
avtx |
Increase Decrease In Lease Incentives
IncreaseDecreaseInLeaseIncentives
|
-158000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1365000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2094000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-2110000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-8088000 | usd | |
avtx |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
-81000 | usd | |
avtx |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
-52000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-34012000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-27914000 | usd | |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
356000 | usd | |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
0 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
0 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
158000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
25000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
356000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-133000 | usd | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
115625000 | usd | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
0 | usd | |
us-gaap |
Payments For Repurchase Of Private Placement
PaymentsForRepurchaseOfPrivatePlacement
|
7485000 | usd | |
us-gaap |
Payments For Repurchase Of Private Placement
PaymentsForRepurchaseOfPrivatePlacement
|
0 | usd | |
avtx |
Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
|
0 | usd | |
avtx |
Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
|
13748000 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
21244000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
32470000 | usd | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
0 | usd | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
67000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
108140000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
25041000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
74484000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3006000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7546000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13318000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
82030000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10312000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1925000 | usd | |
avtx |
Issuance Of Common Stock And Series C Preferred Stock Pursant To Almata Transaction
IssuanceOfCommonStockAndSeriesCPreferredStockPursantToAlmataTransaction
|
12272000 | usd | |
avtx |
Issuance Of Common Stock And Series C Preferred Stock Pursant To Almata Transaction
IssuanceOfCommonStockAndSeriesCPreferredStockPursantToAlmataTransaction
|
0 | usd | |
avtx |
Fair Value Of Common Stock Retired In Exchange For Issuance Of Prefunded Warrants
FairValueOfCommonStockRetiredInExchangeForIssuanceOfPrefundedWarrants
|
0 | usd | |
avtx |
Fair Value Of Common Stock Retired In Exchange For Issuance Of Prefunded Warrants
FairValueOfCommonStockRetiredInExchangeForIssuanceOfPrefundedWarrants
|
3640000 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
81858000 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
10180000 | usd |
CY2024Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
41000 | usd |
CY2023Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
1000 | usd |
CY2024Q3 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
131000 | usd |
CY2023Q3 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
131000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
82030000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10312000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Business <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%">Avalo Therapeutics, Inc. (the “Company,” “Avalo” or “we”) is a clinical stage biotechnology company focused on the treatment of immune dysregulation. Avalo’s lead asset is AVTX-009, an anti-IL-1β monoclonal antibody (“mAb”), targeting inflammatory diseases. Avalo also has two additional drug candidates, which include quisovalimab (anti-LIGHT mAb) and AVTX-008 (BTLA agonist fusion protein).</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%">Avalo was incorporated in Delaware and commenced operation in 2011, and completed its initial public offering in October 2015.</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:120%">Liquidity</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%">Since inception, we have incurred significant operating and cash losses from operations. We have primarily funded our operations to date through sales of equity securities, out-licensing transactions and sales of assets.</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%">For the nine months ended September 30, 2024, Avalo generated net income of $0.2 million and negative cash flows from operations of $34.0 million. As of September 30, 2024, Avalo had $81.9 million in cash and cash equivalents. In the first quarter of 2024, the Company closed a private placement investment consisting of an initial upfront gross investment of $115.6 million (net proceeds were $108.1 million after deducting transaction costs) and up to an additional $69.4 million of gross proceeds upon the exercise of 11,967,526 warrants issued in the financing, which expire on November 8, 2024. Subsequent to September 30, 2024 and through November 6, 2024, the Company received gross proceeds of $58.1 million from the exercise of the warrants issued in the private placement. </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%">Based on our current operating plans, we expect that our existing cash and cash equivalents are sufficient to fund operations for at least twelve months from the filing date of this Quarterly Report on Form 10-Q and we expect current cash on hand to fund operations into at least 2027. The Company closely monitors its cash and cash equivalents and seeks to balance the level of cash and cash equivalents with our projected needs to allow us to withstand periods of uncertainty relative to the availability of funding on favorable terms. We may satisfy any future cash needs through sales of equity securities under the Company’s at-the-market program or other equity financings, out-licensing transactions, strategic alliances/collaborations, sale of programs, and/or mergers and acquisitions. There can be no assurance that any financing or business development initiatives can be realized by the Company, or if realized, what the terms may be. To the extent that we raise capital through the sale of equity, the ownership interest of our existing stockholders will be diluted, and the terms may include liquidation or other preferences that adversely affect the rights of our stockholders. Further, if the Company raises additional funds through collaborations, strategic alliances or licensing arrangements with third parties, the Company might have to relinquish valuable rights to its technologies, future revenue streams, research programs or product candidates.</span></div> | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
200000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-34000000.0 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
81900000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
23037000 | usd |
CY2024Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
17575000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
5462000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5546257 | shares |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.98 | |
CY2024Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
5462000 | usd |
CY2024Q3 | avtx |
Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
|
-36025000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-30563000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5546257 | shares |
CY2024Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
5237780 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10784037 | shares |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.83 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
210000 | usd | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
177000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
33000 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2491114 | shares | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
33000 | usd | |
avtx |
Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
|
-148071000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-148038000 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2491114 | shares | |
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
4049849 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6540963 | shares | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-22.63 | ||
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-5228000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-5228000 | usd |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
194851 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
194851 | shares |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-26.83 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-26.83 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-23376000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-23376000 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
101173 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
101173 | shares | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-231.05 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-231.05 | ||
CY2024Q3 | us-gaap |
Share Price
SharePrice
|
9.50 | |
CY2024Q2 | us-gaap |
Share Price
SharePrice
|
12.47 | |
CY2024Q1 | us-gaap |
Share Price
SharePrice
|
21.75 | |
CY2024Q3 | avtx |
Lessee Operating Lease Number Of Leased Properties
LesseeOperatingLeaseNumberOfLeasedProperties
|
2 | property |
avtx |
Lessee Operating Lease Remaining Lease Team
LesseeOperatingLeaseRemainingLeaseTeam
|
P3Y10M24D | ||
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1139000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1329000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
550000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
537000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1083000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1366000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1633000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1903000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.090 | |
CY2024Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
104000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
97000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
326000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
350000 | usd | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
136000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
553000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
563000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
259000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
201000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
207000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
17000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1936000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
303000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1633000 | usd |
CY2024Q3 | avtx |
Accrued Research And Development
AccruedResearchAndDevelopment
|
775000 | usd |
CY2023Q4 | avtx |
Accrued Research And Development
AccruedResearchAndDevelopment
|
352000 | usd |
CY2024Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2192000 | usd |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
580000 | usd |
CY2024Q3 | avtx |
Accrued Selling General And Administrative Expenses
AccruedSellingGeneralAndAdministrativeExpenses
|
386000 | usd |
CY2023Q4 | avtx |
Accrued Selling General And Administrative Expenses
AccruedSellingGeneralAndAdministrativeExpenses
|
830000 | usd |
CY2024Q3 | avtx |
Sale Of Stock Transaction Costs Current
SaleOfStockTransactionCostsCurrent
|
1734000 | usd |
CY2023Q4 | avtx |
Sale Of Stock Transaction Costs Current
SaleOfStockTransactionCostsCurrent
|
0 | usd |
CY2024Q3 | avtx |
Commercial Operations Current
CommercialOperationsCurrent
|
1155000 | usd |
CY2023Q4 | avtx |
Commercial Operations Current
CommercialOperationsCurrent
|
1873000 | usd |
CY2024Q3 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
241000 | usd |
CY2023Q4 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
0 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
550000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
537000 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
7033000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
4172000 | usd |
CY2024Q3 | avtx |
Number Of Class Of Stock Authorized
NumberOfClassOfStockAuthorized
|
2 | class_of_stock |
CY2024Q3 | avtx |
Capital Stock Shares Authorized
CapitalStockSharesAuthorized
|
205000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2024Q3 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
5000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q3 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.001 | |
avtx |
Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
|
0 | shares | |
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1848000 | usd |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
953000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2948000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2701000 | usd | |
CY2024Q1 | avtx |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized Increase
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorizedIncrease
|
174 | shares |
CY2024Q3 | avtx |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized Increase
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorizedIncrease
|
233920 | shares |
CY2019Q3 | avtx |
Royalty Agreement Payment Received
RoyaltyAgreementPaymentReceived
|
2000000 | usd |
CY2019Q3 | avtx |
Royalty Agreement Period After Public Launch To Terminate Agreement
RoyaltyAgreementPeriodAfterPublicLaunchToTerminateAgreement
|
P3Y | |
CY2019Q3 | avtx |
Royalty Agreement Buyout Option Percentage Of Net Present Value Of Royalty Payments
RoyaltyAgreementBuyoutOptionPercentageOfNetPresentValueOfRoyaltyPayments
|
0.75 |