$CARM
Carisma Therapeutics Inc.

2015 Q2 Form 10-Q Financial Statement

#000119312515161906 Filed on April 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q1
Revenue $114.0K $244.0K $568.0K
YoY Change -85.02% -57.04%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.250M $2.600M $1.940M
YoY Change 9.76% 34.02% 106.38%
% of Gross Profit
Research & Development $6.269M $5.238M $5.819M
YoY Change -7.18% -9.98% 29.43%
% of Gross Profit
Depreciation & Amortization $90.00K $100.0K $100.0K
YoY Change -18.18% 0.0% -16.67%
% of Gross Profit
Operating Expenses $8.516M $7.841M $7.757M
YoY Change -3.29% 1.08% 42.72%
Operating Profit -$8.402M -$7.597M -$7.189M
YoY Change 4.44% 5.68% 32.27%
Interest Expense -$330.0K -$235.0K -$84.00K
YoY Change 317.72% 179.76% 6.33%
% of Operating Profit
Other Income/Expense, Net $1.496M $1.073M -$33.00K
YoY Change -2068.42% -3351.52% -57.14%
Pretax Income -$6.910M -$6.520M -$7.220M
YoY Change -14.9% -9.7% 31.03%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$6.906M -$6.524M -$7.222M
YoY Change -14.96% -9.66% 31.02%
Net Earnings / Revenue -6057.89% -2673.77% -1271.48%
Basic Earnings Per Share
Diluted Earnings Per Share -$362.0K -$362.8K -$749.0K
COMMON SHARES
Basic Shares Outstanding 19.37M shares 18.11M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.50M $45.50M $54.00M
YoY Change 18.89% -15.74%
Cash & Equivalents $53.49M $45.55M $53.96M
Short-Term Investments
Other Short-Term Assets $900.0K $600.0K $400.0K
YoY Change -10.0% 50.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $54.43M $46.14M $54.41M
YoY Change 18.25% -15.2%
LONG-TERM ASSETS
Property, Plant & Equipment $580.0K $422.0K $708.0K
YoY Change -14.96% -40.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.00K $18.00K $18.00K
YoY Change 6.67% 0.0%
Total Long-Term Assets $690.0K $440.0K $820.0K
YoY Change -12.77% -46.34%
TOTAL ASSETS
Total Short-Term Assets $54.43M $46.14M $54.41M
Total Long-Term Assets $690.0K $440.0K $820.0K
Total Assets $55.12M $46.58M $55.23M
YoY Change 17.72% -15.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.880M $2.043M $3.070M
YoY Change -27.75% -33.45%
Accrued Expenses $618.0K $1.327M $457.0K
YoY Change -45.79% 190.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.500M $1.000M $1.600M
YoY Change 56.25% -37.5%
Total Short-Term Liabilities $5.472M $4.642M $6.303M
YoY Change -9.21% -26.35%
LONG-TERM LIABILITIES
Long-Term Debt $12.20M $9.000M $2.500M
YoY Change 480.95% 260.0%
Other Long-Term Liabilities $164.0K $65.00K $200.0K
YoY Change 64.0% -67.5%
Total Long-Term Liabilities $164.0K $65.00K $2.700M
YoY Change -92.55% -97.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.472M $4.642M $6.303M
Total Long-Term Liabilities $164.0K $65.00K $2.700M
Total Liabilities $5.636M $4.707M $9.000M
YoY Change -31.27% -47.7%
SHAREHOLDERS EQUITY
Retained Earnings -$105.2M -$98.27M -$64.82M
YoY Change 44.21% 51.62%
Common Stock $19.00K $18.00K $16.00K
YoY Change 18.75% 12.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.22M $30.97M $46.23M
YoY Change
Total Liabilities & Shareholders Equity $55.12M $46.58M $55.23M
YoY Change 17.72% -15.66%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$6.906M -$6.524M -$7.222M
YoY Change -14.96% -9.66% 31.02%
Depreciation, Depletion And Amortization $90.00K $100.0K $100.0K
YoY Change -18.18% 0.0% -16.67%
Cash From Operating Activities -$9.030M -$8.480M -$5.030M
YoY Change 6.86% 68.59% -7.2%
INVESTING ACTIVITIES
Capital Expenditures -$260.0K $32.00K $50.00K
YoY Change 225.0% -36.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$260.0K -$30.00K -$50.00K
YoY Change 225.0% -40.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$46.00K $51.51M
YoY Change -100.09%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.23M 0.000 51.11M
YoY Change -4302.44% -100.0% 1615.1%
NET CHANGE
Cash From Operating Activities -9.030M -8.480M -5.030M
Cash From Investing Activities -260.0K -30.00K -50.00K
Cash From Financing Activities 17.23M 0.000 51.11M
Net Change In Cash 7.940M -8.510M 46.03M
YoY Change -188.81% -118.49% -1986.48%
FREE CASH FLOW
Cash From Operating Activities -$9.030M -$8.480M -$5.030M
Capital Expenditures -$260.0K $32.00K $50.00K
Free Cash Flow -$8.770M -$8.512M -$5.080M
YoY Change 4.78% 67.56% -6.27%

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The Company has granted ThromboGenics an exclusive, sublicenseable, royalty-bearing license under the Company's rights in these patent rights and know-how, as well as under any other patent rights and know-how that the Company controls during the research term that are necessary for ThromboGenics to perform its obligations to research, develop, manufacture and commercialize collaboration products.
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Eleven Biotherapeutics, Inc.
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Under this agreement, the Company and ThromboGenics are collaborating to identify protein or peptide therapeutics that directly modulate any of a specified set of targets in a novel pathway in retinal disease.
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CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
215000
CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
155000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-7597000
CY2015Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1304000
CY2015Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-598000
CY2015Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-235000
CY2015Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1073000
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1308000
CY2015Q1 us-gaap Revenues
Revenues
244000
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
32000
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6524000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-6524000
CY2015Q1 us-gaap Interest Paid
InterestPaid
175000
CY2015Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
CY2015Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-244000
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
7841000
CY2015Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5238000
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-8510000
CY2015Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
96000
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-46000
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-32000
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
46000
CY2015Q1 us-gaap Paid In Kind Interest
PaidInKindInterest
2000
CY2015Q1 us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
0
CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2603000
CY2015Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-415000
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
664000
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
584000
CY2015Q1 us-gaap Proceeds From Collaborators
ProceedsFromCollaborators
1750000
CY2015Q1 ebio Fair Value Assets Liabilities Transfer Between Levels
FairValueAssetsLiabilitiesTransferBetweenLevels
0
CY2015Q1 ebio Change In Fair Value Of Preferred Stock Warrants
ChangeInFairValueOfPreferredStockWarrants
1304000
CY2015Q1 ebio Collaborative Arrangement Date Of Agreement
CollaborativeArrangementDateOfAgreement
2013-05-28

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