2021 Q4 Form 10-Q Financial Statement

#000117184321007570 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $47.16M $40.99M $6.102M
YoY Change 1074.25% 571.81% 243.77%
Cost Of Revenue $419.0K $591.0K $1.517M
YoY Change 423.75% -61.04%
Gross Profit $46.74M $40.40M $4.585M
YoY Change 1086.27% 781.2% 158.31%
Gross Profit Margin 99.11% 98.56% 75.14%
Selling, General & Admin $35.39M $34.99M $17.20M
YoY Change 68.59% 103.5% 46.53%
% of Gross Profit 75.71% 86.61% 375.03%
Research & Development $63.53M $49.97M $30.25M
YoY Change 79.71% 65.22% 20.4%
% of Gross Profit 135.92% 123.68% 659.65%
Depreciation & Amortization $171.0K $229.0K $170.0K
YoY Change -5.0% 34.71% -5.56%
% of Gross Profit 0.37% 0.57% 3.71%
Operating Expenses $98.92M $84.96M $47.44M
YoY Change 75.57% 79.1% 28.72%
Operating Profit -$52.18M -$44.58M -$42.86M
YoY Change -0.43% 4.01% 22.13%
Interest Expense -$19.19M $14.12M $2.927M
YoY Change 215.58% 382.23% -3.84%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$15.53M -$58.80M -$46.12M
YoY Change -74.33% 27.5% 22.69%
Income Tax $2.253M $0.00
% Of Pretax Income
Net Earnings -$17.78M -$58.80M -$46.12M
YoY Change -70.61% 27.51% 22.67%
Net Earnings / Revenue -37.7% -143.44% -755.74%
Basic Earnings Per Share -$0.33
Diluted Earnings Per Share -$97.76K -$328.3K -$261.3K
COMMON SHARES
Basic Shares Outstanding 179.9M 178.9M 176.6M
Diluted Shares Outstanding 179.1K 176.5K

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $507.6M $199.6M $143.3M
YoY Change 68.99% 39.27% 109.42%
Cash & Equivalents $504.4M $199.6M $96.49M
Short-Term Investments $3.212M $0.00 $46.83M
Other Short-Term Assets $13.33M $13.27M $7.400M
YoY Change 73.13% 79.34% 51.02%
Inventory $15.79M $13.66M $6.241M
Prepaid Expenses
Receivables $29.41M $26.21M $5.422M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $566.1M $252.7M $162.4M
YoY Change 74.84% 55.6% 106.13%
LONG-TERM ASSETS
Property, Plant & Equipment $8.714M $7.829M $7.142M
YoY Change 22.51% 9.62% -4.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.829M $3.000M
YoY Change
Other Assets $6.472M $5.191M $3.646M
YoY Change 70.23% 42.38% -14.11%
Total Long-Term Assets $22.02M $13.02M $13.79M
YoY Change 101.69% -5.58% 17.89%
TOTAL ASSETS
Total Short-Term Assets $566.1M $252.7M $162.4M
Total Long-Term Assets $22.02M $13.02M $13.79M
Total Assets $588.2M $265.8M $176.2M
YoY Change 75.72% 50.81% 94.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.81M $19.69M $11.62M
YoY Change 48.6% 69.53% 15.19%
Accrued Expenses $72.67M $56.31M $30.46M
YoY Change 114.1% 84.85% 22.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $30.00M $29.90M
YoY Change -100.0% 0.33% 1.36%
Long-Term Debt Due $19.10M
YoY Change 377.5%
Total Short-Term Liabilities $103.7M $133.6M $111.8M
YoY Change -1.83% 19.53% 36.03%
LONG-TERM LIABILITIES
Long-Term Debt $136.1M $132.1M $26.90M
YoY Change 13.65% 390.89% -41.52%
Other Long-Term Liabilities $5.962M $5.035M $3.900M
YoY Change 52.87% 29.1% 10.08%
Total Long-Term Liabilities $136.1M $132.1M $30.80M
YoY Change 13.65% 328.73% 769.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $103.7M $133.6M $111.8M
Total Long-Term Liabilities $136.1M $132.1M $30.80M
Total Liabilities $239.8M $265.7M $142.6M
YoY Change 6.39% 86.3% 66.37%
SHAREHOLDERS EQUITY
Retained Earnings -$1.208B -$1.190B -$962.9M
YoY Change 17.98% 23.55% 14.91%
Common Stock $1.843M $1.798M $1.766M
YoY Change 4.18% 1.81% 59.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$107.0M -$147.0M $33.64M
YoY Change
Total Liabilities & Shareholders Equity $588.2M $265.8M $176.2M
YoY Change 75.72% 50.81% 94.72%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$17.78M -$58.80M -$46.12M
YoY Change -70.61% 27.51% 22.67%
Depreciation, Depletion And Amortization $171.0K $229.0K $170.0K
YoY Change -5.0% 34.71% -5.56%
Cash From Operating Activities -$32.46M -$23.28M -$38.26M
YoY Change -27.29% -39.16% 38.42%
INVESTING ACTIVITIES
Capital Expenditures -$1.108M -$365.0K -$170.0K
YoY Change 638.67% 114.71% 112.5%
Acquisitions
YoY Change
Other Investing Activities -$10.01M $8.112M -$33.89M
YoY Change -146.42% -123.94% -243.6%
Cash From Investing Activities -$11.12M $7.747M -$34.06M
YoY Change -151.94% -122.75% -244.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 347.4M 4.776M -4.630M
YoY Change 74.7% -203.15% -2536.84%
NET CHANGE
Cash From Operating Activities -32.46M -23.28M -38.26M
Cash From Investing Activities -11.12M 7.747M -34.06M
Cash From Financing Activities 347.4M 4.776M -4.630M
Net Change In Cash 303.8M -10.75M -76.95M
YoY Change 72.99% -86.03% 1853.05%
FREE CASH FLOW
Cash From Operating Activities -$32.46M -$23.28M -$38.26M
Capital Expenditures -$1.108M -$365.0K -$170.0K
Free Cash Flow -$31.35M -$22.91M -$38.09M
YoY Change -29.53% -39.85% 38.21%

Facts In Submission

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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Use Of Estimates
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><i>Use of Estimates</i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:29pt;">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 disclosure of contingent assets and liabilities. The most significant estimates in the Company’s consolidated financial statements relate to the valuation of stock options, the ORLADEYO royalty financing and the valuation allowance for deferred tax assets resulting from net operating losses. These estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are <em style="font: inherit;">not</em> readily apparent from other sources. Actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
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P11Y4M24D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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us-gaap Operating Lease Expense
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us-gaap Operating Lease Expense
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1321000 USD
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22044
CY2020Q2 us-gaap Shares Issued Price Per Share
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4.50
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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60420000 USD
CY2021Q3 bcrx Employee Service Share Based Compensation Nonvested Awards Compensation Cost Expected To Be Recognized For Remainder Of Fiscal Year
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6324000 USD
CY2021Q3 bcrx Employee Service Sharebased Compensation Nonvested Awards Compensation Cost Expected To Be Recognized Next Year
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21474000 USD
CY2021Q3 bcrx Employee Service Share Based Compensation Nonvested Awards Compensation Cost Expected To Be Recognized Year Two
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16788000 USD
CY2021Q3 bcrx Employee Service Share Based Compensation Nonvested Awards Compensation Cost Expected To Be Recognized Year Three
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14020000 USD
CY2021Q3 bcrx Employee Service Share Based Compensation Nonvested Awards Compensation Cost Expected To Be Recognized Year Four
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1814000 USD
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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316000
us-gaap Proceeds From Collaborators
ProceedsFromCollaborators
6918000 USD

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