2015 Q1 Form 10-Q Financial Statement

#000119312515186462 Filed on May 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $7.216M $5.924M
YoY Change 21.81% 18.93%
Cost Of Revenue $2.711M $2.162M
YoY Change 25.39% 1.98%
Gross Profit $4.505M $3.762M
YoY Change 19.75% 31.54%
Gross Profit Margin 62.43% 63.5%
Selling, General & Admin $4.728M $3.269M
YoY Change 44.63% 24.3%
% of Gross Profit 104.95% 86.9%
Research & Development $1.421M $720.0K
YoY Change 97.36% -28.0%
% of Gross Profit 31.54% 19.14%
Depreciation & Amortization $165.0K $106.0K
YoY Change 55.66% -119.63%
% of Gross Profit 3.66% 2.82%
Operating Expenses $8.607M $6.151M
YoY Change 39.93% 68.98%
Operating Profit -$1.391M -$227.0K
YoY Change 512.78% -70.9%
Interest Expense $827.0K -$550.0K
YoY Change -250.36% -3.51%
% of Operating Profit
Other Income/Expense, Net -$54.00K -$529.0K
YoY Change -89.79% 5190.0%
Pretax Income -$2.270M -$1.300M
YoY Change 74.62% -3.7%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.272M -$1.304M
YoY Change 74.23% -3.26%
Net Earnings / Revenue -31.49% -22.01%
Basic Earnings Per Share -$0.19 -$1.29
Diluted Earnings Per Share -$0.19 -$1.29
COMMON SHARES
Basic Shares Outstanding 11.81M 1.012M
Diluted Shares Outstanding 11.81M 1.012M

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.00M $4.800M
YoY Change 712.5%
Cash & Equivalents $38.99M $5.128M
Short-Term Investments
Other Short-Term Assets $700.0K $1.800M
YoY Change -61.11%
Inventory $775.0K $700.0K
Prepaid Expenses
Receivables $1.800M $2.100M
Other Receivables $0.00 $0.00
Total Short-Term Assets $42.30M $9.500M
YoY Change 345.27%
LONG-TERM ASSETS
Property, Plant & Equipment $2.174M $1.500M
YoY Change 44.93%
Goodwill $12.01M
YoY Change
Intangibles $6.650M
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $100.0K
YoY Change -100.0%
Total Long-Term Assets $20.98M $1.600M
YoY Change 1211.0%
TOTAL ASSETS
Total Short-Term Assets $42.30M $9.500M
Total Long-Term Assets $20.98M $1.600M
Total Assets $63.28M $11.10M
YoY Change 470.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.371M $800.0K
YoY Change 71.38%
Accrued Expenses $3.400M $1.600M
YoY Change 112.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.056M $5.500M
YoY Change -80.8%
Total Short-Term Liabilities $6.275M $10.60M
YoY Change -40.8%
LONG-TERM LIABILITIES
Long-Term Debt $14.61M $10.60M
YoY Change 37.82%
Other Long-Term Liabilities $28.00K $6.600M
YoY Change -99.58%
Total Long-Term Liabilities $14.64M $17.20M
YoY Change -14.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.275M $10.60M
Total Long-Term Liabilities $14.64M $17.20M
Total Liabilities $23.81M $27.80M
YoY Change -14.35%
SHAREHOLDERS EQUITY
Retained Earnings -$161.6M
YoY Change
Common Stock $12.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.47M -$16.70M
YoY Change
Total Liabilities & Shareholders Equity $63.28M $11.10M
YoY Change 470.06%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$2.272M -$1.304M
YoY Change 74.23% -3.26%
Depreciation, Depletion And Amortization $165.0K $106.0K
YoY Change 55.66% -119.63%
Cash From Operating Activities -$1.010M $180.0K
YoY Change -661.11% -98.23%
INVESTING ACTIVITIES
Capital Expenditures $364.0K $19.00K
YoY Change 1815.79% -96.04%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$360.0K -$20.00K
YoY Change 1700.0% -100.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.930M -450.0K
YoY Change -973.33% -98.1%
NET CHANGE
Cash From Operating Activities -1.010M 180.0K
Cash From Investing Activities -360.0K -20.00K
Cash From Financing Activities 3.930M -450.0K
Net Change In Cash 2.560M -290.0K
YoY Change -982.76% -83.98%
FREE CASH FLOW
Cash From Operating Activities -$1.010M $180.0K
Capital Expenditures $364.0K $19.00K
Free Cash Flow -$1.374M $161.0K
YoY Change -953.42% -98.34%

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CY2014Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
163000
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
48000
CY2014Q1 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-560000
CY2014Q1 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
0
CY2014Q1 cdna Amortization Of Deferred Revenue
AmortizationOfDeferredRevenue
17000
CY2015Q1 us-gaap Line Of Credit Facility Initiation Date1
LineOfCreditFacilityInitiationDate1
2015-01-30
CY2015Q1 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Collaboration and License Revenue</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The Company generates revenue from collaboration and license agreements. Collaboration and license agreements may include non-refundable upfront payments, partial or complete reimbursement of research and development costs, contingent payments based on the occurrence of specified events under the agreements, license fees and royalties on sales of products or product candidates if they are successfully commercialized. The Company&#x2019;s performance obligations under the collaborations may include the transfer of intellectual property rights in the form of licenses, obligations to provide research and development services and obligations to participate on certain development committees with the collaboration partners. The Company makes judgments that affect the periods over which it recognizes revenue. The Company periodically reviews its estimated periods of performance based on the progress under each arrangement and accounts for the impact of any change in estimated periods of performance on a prospective basis.</p> </div>
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.42
CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
CareDx, Inc.
CY2015Q1 dei Trading Symbol
TradingSymbol
CDNA
CY2015Q1 us-gaap Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
Cash equivalents consist of short-term, highly liquid investments with original maturities of three months or less from the date of purchase.
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.76
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2015Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y3M18D
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1014000
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
14374 shares
CY2015Q1 us-gaap Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
Draw A and Draw B each bear interest at a daily floating rate equal to 2.00%, plus the greater of (i) 3.25% or (ii) the prime rate published by the lender.
CY2015Q1 us-gaap Default Longterm Debt Description Of Violation Or Event Of Default
DefaultLongtermDebtDescriptionOfViolationOrEventOfDefault
Upon the occurrence of an event of default, a default interest rate of an additional 5% may be applied to the outstanding loan balances, and the lender may declare all outstanding obligations immediately due and payable and take such other actions as set forth in the Loan Agreement.
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
423548 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0191 pure
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
357075 shares
CY2015Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of unaudited condensed financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses in the unaudited condensed financial statements and accompanying notes. On an ongoing basis, management evaluates its estimates, including those related to (i)&#xA0;revenue recognition, (ii)&#xA0;the differences between amounts billed and estimated receipts from payers, (iii)&#xA0;the determination of the accruals for clinical studies, (iv)&#xA0;the determination of refunds to be requested by third-party payers, (v)&#xA0;the fair value of assets and liabilities, (vi)&#xA0;the valuation of warrants to purchase convertible preferred stock, (vii)&#xA0;the determination of fair value of the Company&#x2019;s common stock, (viii)&#xA0;the fair value of contingent consideration in a business acquisition, (ix)&#xA0;the fair value of the embedded features associated with the subordinated convertible note, (x)&#xA0;the determination of the valuation allowance and estimated tax benefit associated with deferred tax assets and net deferred tax liability, (xi)&#xA0;any impairment of long-lived assets including in-process technology and goodwill and (xii)&#xA0;legal contingencies. Actual results could differ from those estimates.</p> </div>
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11814467 shares
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015Q1 us-gaap Debt Instrument Date Of First Required Payment1
DebtInstrumentDateOfFirstRequiredPayment1
2016-01-01
CY2015Q1 us-gaap Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
Principal amortization of the loan begins on January 1, 2016 with the loan being payable in 36 equal monthly installments. The principal amortization may be deferred until July 1, 2016 and payable in 30 equal monthly installments, if on December 31, 2015, the Company has achieved certain revenue milestones as described in the Loan Agreement.
CY2015Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
9.53
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 us-gaap Debt Instrument Description
DebtInstrumentDescription
The Company agreed to issue to the lender detachable warrants to purchase shares of the Company's common stock upon the drawdown of each advance in an amount equal to 1.5% of the amount drawn, divided by the exercise price per share for that tranche.
CY2015Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-253000
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.58
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001217234
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.19
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4104 pure
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2012525 shares
CY2015Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Concentrations of Credit Risk and Other Risks and Uncertainties</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents and accounts receivable. The Company&#x2019;s policy is to invest its cash and cash equivalents in money market funds, obligations of U.S. government agencies and government-sponsored entities, commercial paper, and various bank deposit accounts. These financial instruments were held in Company accounts at two financial institutions. The counterparties to the agreements relating to the Company&#x2019;s investments consist of financial institutions of high credit standing. The Company is exposed to credit risk in the event of default by the financial institutions to the extent of amounts recorded on the balance sheets which may be in excess of insured limits.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The Company is also subject to credit risk from its accounts receivable which are derived from revenue earned from AlloMap tests provided for patients located in the U.S. and billed to various third-party payers. For the three months ended March&#xA0;31, 2015 and 2014, approximately 52%, and 50%, respectively, of testing revenue was derived from Medicare. No other payers represented more than 10% of testing revenue for these periods. At March&#xA0;31, 2015 and December&#xA0;31, 2014 approximately 57% and 78%, respectively, of accounts receivable was from Medicare. No other payer represented more than 10% of accounts receivable at March&#xA0;31, 2015 and December&#xA0;31, 2014.</p> </div>
CY2015Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2018-12-01
CY2015Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4549 shares
CY2015Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-827000
CY2015Q1 us-gaap License And Services Revenue
LicenseAndServicesRevenue
120000
CY2015Q1 us-gaap Licenses Revenue
LicensesRevenue
0
CY2015Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
88000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1391000
CY2015Q1 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
180000
CY2015Q1 us-gaap Royalty Revenue
RoyaltyRevenue
90000
CY2015Q1 us-gaap Reimbursement Revenue
ReimbursementRevenue
0
CY2015Q1 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
27000
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-54000
CY2015Q1 us-gaap Revenues
Revenues
7216000
CY2015Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
11704000
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
364000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-2272000
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-893000
CY2015Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
7096000
CY2015Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
280000
CY2015Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
165000
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
8607000
CY2015Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1421000
CY2015Q1 cdna Description Of Agreement Expected Expiration Year
DescriptionOfAgreementExpectedExpirationYear
The agreement will expire at the later of the last-to-expire patent in the EEA or ten years from the first commercial sale of the test in the EEA, which is expected to occur in late 2014 or early 2015.
CY2014Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
119000
CY2015Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2023000
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11000
CY2015Q1 cdna Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantExercised
0 shares
CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2705000
CY2015Q1 cdna Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingWeightedAverageRemainingContractualTerm
P6Y5M19D
CY2015Q1 cdna Share Based Compensation Arrangement By Share Based Payment Award Weighted Average Exercised Price Shares Reserved
ShareBasedCompensationArrangementByShareBasedPaymentAwardWeightedAverageExercisedPriceSharesReserved
0
CY2015Q1 cdna Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantForfeituresInPeriod
14374 shares
CY2015Q1 cdna Share Based Compensation Arrangement By Share Based Payment Award Increase In Number Of Shares Reserved For Available For Issuance
ShareBasedCompensationArrangementByShareBasedPaymentAwardIncreaseInNumberOfSharesReservedForAvailableForIssuance
0 shares
CY2015Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
407000
CY2015Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-253000
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2554000
CY2015Q1 us-gaap Cost Of Services
CostOfServices
2711000
CY2015Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
3932000
CY2015Q1 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
0
CY2015Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
196000
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-364000
CY2015Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
15625000
CY2015Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
242000
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
280000
CY2015Q1 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-389000
CY2015Q1 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
14000
CY2015Q1 cdna Percentage Of Default Interest Payment
PercentageOfDefaultInterestPayment
0.05 pure
CY2015Q1 cdna Amortization Of Deferred Revenue
AmortizationOfDeferredRevenue
29000
CY2015Q1 cdna Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingWeightedAverageRemainingContractualTerm
P9Y4M13D
CY2015Q1 cdna Fair Value Measurements Inter Transfers Between Levels
FairValueMeasurementsInterTransfersBetweenLevels
0
CY2015Q1 cdna Prepayment Penalty
PrepaymentPenalty
0 pure
CY2015Q1 cdna Share Based Compensation Arrangement By Share Based Payment Award Options Vested Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedWeightedAverageExercisePrice
3.53
CY2015Q1 cdna Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Granted During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantGrantedDuringPeriod
423548 shares

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