$CABA
Cabaletta Bio, Inc.

2021 Q1 Form 10-K Financial Statement

#000156459021013329 Filed on March 16, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 2019 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.160M $12.46M $2.830M
YoY Change -3.66% 77.75% 240.96%
% of Gross Profit
Research & Development $6.560M $21.38M $3.030M
YoY Change 41.99% 83.17% 144.35%
% of Gross Profit
Depreciation & Amortization $116.0K $354.0K $50.00K
YoY Change 52.63% 240.38%
% of Gross Profit
Operating Expenses $9.712M $33.83M $5.860M
YoY Change 23.01% 81.12% 183.09%
Operating Profit -$9.712M -$33.83M
YoY Change 23.01% 81.09%
Interest Expense $10.00K $490.0K $460.0K
YoY Change -97.56% -71.84% 187.5%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$9.700M -$33.34M -$5.400M
YoY Change 29.51% 96.81% 182.72%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$9.702M -$33.34M -$5.400M
YoY Change 29.62% 96.77% 182.72%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$408.2K -$1.440M -$189.6K
COMMON SHARES
Basic Shares Outstanding 24.06M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.0M $108.7M $136.2M
YoY Change -22.14% -20.19%
Cash & Equivalents $97.28M $101.4M $136.2M
Short-Term Investments $4.800M $7.200M
Other Short-Term Assets $3.700M $4.900M $4.300M
YoY Change 19.35% 13.95%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $105.8M $113.5M $140.6M
YoY Change -21.12% -19.27% 313.46%
LONG-TERM ASSETS
Property, Plant & Equipment $1.200M $900.0K $815.0K
YoY Change 62.38% 12.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $300.0K $300.0K $101.0K
YoY Change 188.46% 200.0%
Total Long-Term Assets $1.500M $1.200M $916.0K
YoY Change 77.94% 33.33%
TOTAL ASSETS
Total Short-Term Assets $105.8M $113.5M $140.6M
Total Long-Term Assets $1.500M $1.200M $916.0K
Total Assets $107.3M $114.7M $141.5M
YoY Change -20.5% -18.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.300M $1.200M $920.0K
YoY Change -34.71% 33.33%
Accrued Expenses $700.0K $2.400M $1.500M
YoY Change 16.67% 60.0%
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 $4.000M $5.200M $3.147M
YoY Change 22.85% 67.74%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.000M $5.200M $3.147M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $4.000M $5.200M $3.100M
YoY Change 21.21% 67.74%
SHAREHOLDERS EQUITY
Retained Earnings -$32.96M
YoY Change
Common Stock $171.3M
YoY Change 9620.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $103.3M $109.5M $138.3M
YoY Change
Total Liabilities & Shareholders Equity $107.3M $114.7M $141.5M
YoY Change -20.5% -18.94%

Cashflow Statement

Concept 2021 Q1 2020 2019 Q4
OPERATING ACTIVITIES
Net Income -$9.702M -$33.34M -$5.400M
YoY Change 29.62% 96.77% 182.72%
Depreciation, Depletion And Amortization $116.0K $354.0K $50.00K
YoY Change 52.63% 240.38%
Cash From Operating Activities -$8.670M -$26.77M -$7.890M
YoY Change 75.83% 66.84% 313.09%
INVESTING ACTIVITIES
Capital Expenditures $97.00K $635.0K -$270.0K
YoY Change -57.08% -8.37%
Acquisitions
YoY Change
Other Investing Activities $2.450M -$7.350M
YoY Change
Cash From Investing Activities $2.353M -$7.981M -$270.0K
YoY Change -1141.15% 1051.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.165M -$192.0K
YoY Change -5020.45% -100.27%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.165M -24.00K 73.32M
YoY Change -5020.45% -100.02% 191.65%
NET CHANGE
Cash From Operating Activities -8.670M -26.77M -7.890M
Cash From Investing Activities 2.353M -7.981M -270.0K
Cash From Financing Activities 2.165M -24.00K 73.32M
Net Change In Cash -4.152M -34.78M 65.16M
YoY Change -20.17% -133.7% 180.5%
FREE CASH FLOW
Cash From Operating Activities -$8.670M -$26.77M -$7.890M
Capital Expenditures $97.00K $635.0K -$270.0K
Free Cash Flow -$8.767M -$27.41M -$7.620M
YoY Change 70.0% 63.73%

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<p style="text-align:justify;margin-bottom:0pt;margin-top:18pt;margin-left:5.24%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of expenses during the reporting period. Significant estimates and assumptions made in the accompanying financial statements include but are not limited to the fair value of common stock, stock-based compensation and the valuation allowance on the Company&#8217;s deferred tax assets. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. Actual results could differ from those estimates. </p>
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5326000
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12904534
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6409519
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1733904
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2904000
CY2018Q2 caba Share Based Compensation Arrangement By Share Based Payment Award Common Stock Shares Modified Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardCommonStockSharesModifiedFairValue
0.74
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2126000
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P3Y
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0028
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0139
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
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0.0148
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0.70
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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0.79
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0.210
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EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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0.131
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0.026
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.023
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0.008
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0.000
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5688000
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340000
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362000
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1317000
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452000
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1243000
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264000
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837000
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457000
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0
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47735000
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45301000
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249000
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2037
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2039
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0
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3366280
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3518609
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203000
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74000
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0.03
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0.04

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