$CTMX
CytomX Therapeutics, Inc.

2022 Q3 Form 10-Q Financial Statement

#000095017022014737 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $16.92M $18.17M $17.14M
YoY Change -3.82% 11.52% 7.29%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $10.49M $11.75M $10.54M
YoY Change -5.37% 25.07% 14.23%
% of Gross Profit
Research & Development $30.37M $31.16M $30.56M
YoY Change 4.2% 19.38% 36.6%
% of Gross Profit
Depreciation & Amortization $623.0K $610.0K $602.0K
YoY Change -8.38% -18.77% 0.33%
% of Gross Profit
Operating Expenses $40.86M $42.91M $41.10M
YoY Change 1.56% 20.89% 30.08%
Operating Profit -$23.94M -$24.74M -$23.97M
YoY Change 5.75% 28.83% 53.36%
Interest Expense $616.0K $262.0K $68.00K
YoY Change 780.0% 495.45% -2.86%
% of Operating Profit
Other Income/Expense, Net $30.00K $296.0K $13.00K
YoY Change -330.77% -460.98% 160.0%
Pretax Income -$23.30M -$24.18M -$23.89M
YoY Change 3.15% 25.68% 53.6%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$23.30M -$24.18M -$23.89M
YoY Change 3.15% 25.68% 53.56%
Net Earnings / Revenue -137.72% -133.14% -139.38%
Basic Earnings Per Share
Diluted Earnings Per Share -$353.4K -$369.0K -$365.2K
COMMON SHARES
Basic Shares Outstanding 65.95M 65.54M 65.39M
Diluted Shares Outstanding 65.91M 65.54M 65.39M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $194.3M $228.2M $262.5M
YoY Change -17.77% -14.28% -33.33%
Cash & Equivalents $95.04M $129.3M $163.5M
Short-Term Investments $99.25M $98.88M $99.04M
Other Short-Term Assets $4.278M $3.591M $4.898M
YoY Change 11.93% -7.85% -10.95%
Inventory
Prepaid Expenses
Receivables $1.712M $1.014M $1.016M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $200.3M $232.8M $268.4M
YoY Change -16.9% -14.11% -32.89%
LONG-TERM ASSETS
Property, Plant & Equipment $5.710M $5.915M $6.093M
YoY Change -8.95% -11.7% -78.92%
Goodwill $949.0K $949.0K $949.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $895.0K $895.0K $902.0K
YoY Change -0.78% -0.67% -71.81%
Total Long-Term Assets $26.21M $27.32M $28.38M
YoY Change -79.87% -79.22% -17.01%
TOTAL ASSETS
Total Short-Term Assets $200.3M $232.8M $268.4M
Total Long-Term Assets $26.21M $27.32M $28.38M
Total Assets $226.5M $260.1M $296.8M
YoY Change -38.99% -35.37% -31.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.176M $1.920M $1.721M
YoY Change 241.42% 9.4% -33.81%
Accrued Expenses $31.34M $31.73M $31.03M
YoY Change 24.53% 64.82% 64.79%
Deferred Revenue $61.33M $65.79M $70.01M
YoY Change -16.1% -9.1%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $97.84M $99.44M $102.8M
YoY Change -1.94% 6.49% 4.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $100.2M $111.9M $125.9M
YoY Change -37.31% -37.15% -33.79%
Total Long-Term Liabilities $100.2M $111.9M $125.9M
YoY Change -37.31% -37.15% -33.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.84M $99.44M $102.8M
Total Long-Term Liabilities $100.2M $111.9M $125.9M
Total Liabilities $198.0M $211.4M $228.6M
YoY Change -23.71% -22.14% -20.65%
SHAREHOLDERS EQUITY
Retained Earnings -$605.1M -$581.8M -$557.6M
YoY Change 19.23% 19.98% 19.74%
Common Stock $1.000K $1.000K $1.000K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.47M $48.71M $68.19M
YoY Change
Total Liabilities & Shareholders Equity $226.5M $260.1M $296.8M
YoY Change -38.99% -35.37% -31.63%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$23.30M -$24.18M -$23.89M
YoY Change 3.15% 25.68% 53.56%
Depreciation, Depletion And Amortization $623.0K $610.0K $602.0K
YoY Change -8.38% -18.77% 0.33%
Cash From Operating Activities -$33.84M -$34.24M -$41.31M
YoY Change 13.95% 21.24% 37.99%
INVESTING ACTIVITIES
Capital Expenditures -$410.0K -$412.0K $736.0K
YoY Change 52.99% 329.17% -25.05%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Cash From Investing Activities -$410.0K -$412.0K -$736.0K
YoY Change -104.21% -99.1% -101.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 451.0K 7.000K
YoY Change -100.0% -37.88% -99.99%
NET CHANGE
Cash From Operating Activities -33.84M -34.24M -41.31M
Cash From Investing Activities -410.0K -412.0K -736.0K
Cash From Financing Activities 0.000 451.0K 7.000K
Net Change In Cash -34.25M -34.20M -42.04M
YoY Change 72.46% -53.48% -130.51%
FREE CASH FLOW
Cash From Operating Activities -$33.84M -$34.24M -$41.31M
Capital Expenditures -$410.0K -$412.0K $736.0K
Free Cash Flow -$33.43M -$33.82M -$42.05M
YoY Change 13.6% 20.19% 35.98%

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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Nature Of Operations
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">1. Description of the Business</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">CytomX Therapeutics, Inc. (the “Company”) is a clinical-stage, oncology-focused biopharmaceutical company dedicated to destroying cancer differently. The Company aims to build a commercial enterprise to maximize its impact on the treatment of cancer. The Company is advancing potential first-in-class and best-in-class antibody-based therapeutics created using its Probody® therapeutic technology platform that could meaningfully improve outcomes for cancer patients. Its proprietary and unique Probody technology platform is designed to enable “conditional activation” of antibody-based drugs in the tumor microenvironment while minimizing drug activity in healthy tissues and in circulation. The Company is located in South San Francisco, California and was incorporated in the state of Delaware in September 2010.</span></p>
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161700000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Use Of Estimates
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</span></p>
CY2021Q4 us-gaap Cash Cash Equivalents And Short Term Investments
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CashAndCashEquivalentsAtCarryingValue
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CY2022Q2 ctmx Cash Cash Equivalents And Investments Amortized Cost Basis
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us-gaap Contract With Customer Liability Revenue Recognized
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CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
161650000
ctmx Debt Securities Available For Sale Maturity Period
DebtSecuritiesAvailableForSaleMaturityPeriod
P12M
CY2022Q2 ctmx Accrued Research And Clinical Current
AccruedResearchAndClinicalCurrent
18377000
CY2021Q4 ctmx Accrued Research And Clinical Current
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CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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EmployeeRelatedLiabilitiesCurrent
9576000
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AccruedProfessionalFeesCurrent
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OperatingLeaseLiabilityCurrent
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OperatingLeaseLiabilityCurrent
3618000
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
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CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
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CY2022Q2 us-gaap Revenues
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Revenues
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2020Q1 ctmx Loss Contingency Answer Affirmative Defenses And Counterclaims Filing Date
LossContingencyAnswerAffirmativeDefensesAndCounterclaimsFilingDate
2020-05-26
CY2020Q1 ctmx Loss Contingency Answer And Counterclaims By Plaintiff Filing Date
LossContingencyAnswerAndCounterclaimsByPlaintiffFilingDate
2020-06-05

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