$CTMX
CytomX Therapeutics, Inc.

2018 Q4 Form 10-Q Financial Statement

#000156459018027387 Filed on November 06, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $11.47M $12.51M $27.07M
YoY Change -57.63% -48.19% 331.66%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.980M $8.140M $7.620M
YoY Change 17.85% 30.24% 47.96%
% of Gross Profit
Research & Development $28.31M $27.55M $20.70M
YoY Change 36.76% -4.74% 34.85%
% of Gross Profit
Depreciation & Amortization $600.0K $500.0K $400.0K
YoY Change 50.0% 35.87% -20.0%
% of Gross Profit
Operating Expenses $37.28M $35.69M $28.32M
YoY Change 31.64% 1.47% 38.15%
Operating Profit -$25.81M -$23.18M
YoY Change 110.22%
Interest Expense $2.510M $2.220M $1.270M
YoY Change 97.64% 174.07% 568.42%
% of Operating Profit
Other Income/Expense, Net -$20.00K $29.00K $70.00K
YoY Change -128.57% -161.7% -450.0%
Pretax Income -$23.32M -$20.93M $100.0K
YoY Change -23421.0% 103.87% -100.71%
Income Tax $8.912M $2.500M $25.18M
% Of Pretax Income 25180.0%
Net Earnings -$32.23M -$23.43M $621.0K
YoY Change -5290.5% 128.66% -104.43%
Net Earnings / Revenue -281.0% -187.31% 2.29%
Basic Earnings Per Share
Diluted Earnings Per Share -$715.1K -$533.5K $16.15K
COMMON SHARES
Basic Shares Outstanding 45.01M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $436.1M $464.6M $374.1M
YoY Change 16.58% 40.24% 105.67%
Cash & Equivalents $247.6M $259.8M $177.5M
Short-Term Investments $188.6M $204.8M $196.6M
Other Short-Term Assets $9.300M $7.900M $4.400M
YoY Change 111.36% 64.58% 12.82%
Inventory
Prepaid Expenses
Receivables $97.00K $56.00K $10.14M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $445.5M $472.5M $388.6M
YoY Change 14.64% 25.53% 106.54%
LONG-TERM ASSETS
Property, Plant & Equipment $6.934M $5.482M $4.218M
YoY Change 64.39% 33.71% -3.96%
Goodwill $949.0K $949.0K $949.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.375M $1.375M $1.355M
YoY Change 1.48% -65.63% -54.42%
Total Long-Term Assets $11.63M $10.22M $9.043M
YoY Change 28.64% -3.6% -17.65%
TOTAL ASSETS
Total Short-Term Assets $445.5M $472.5M $388.6M
Total Long-Term Assets $11.63M $10.22M $9.043M
Total Assets $457.1M $482.7M $397.6M
YoY Change 14.95% 24.74% 99.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.132M $6.871M $4.205M
YoY Change 22.05% 136.93% -36.25%
Accrued Expenses $26.72M $21.42M $16.38M
YoY Change 63.13% 87.86% 85.65%
Deferred Revenue $52.71M $53.00M $40.56M
YoY Change 29.97%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $97.91M $86.27M $61.15M
YoY Change 60.12% 21.17% 70.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.050M $2.426M $1.897M
YoY Change 60.78% -99.1% 235.16%
Total Long-Term Liabilities $3.050M $2.426M $1.897M
YoY Change 60.78% -99.1% 235.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.91M $86.27M $61.15M
Total Long-Term Liabilities $3.050M $2.426M $1.897M
Total Liabilities $326.2M $325.1M $327.7M
YoY Change -0.46% -4.84% 171.65%
SHAREHOLDERS EQUITY
Retained Earnings -$315.0M -$282.7M -$219.5M
YoY Change 43.52% 24.44%
Common Stock $1.000K $1.000K $1.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $130.9M $157.7M $69.90M
YoY Change
Total Liabilities & Shareholders Equity $457.1M $482.7M $397.6M
YoY Change 14.95% 24.74% 99.69%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income -$32.23M -$23.43M $621.0K
YoY Change -5290.5% 128.66% -104.43%
Depreciation, Depletion And Amortization $600.0K $500.0K $400.0K
YoY Change 50.0% 35.87% -20.0%
Cash From Operating Activities -$28.70M -$5.600M $22.00M
YoY Change -230.45% -1.75% 1000.0%
INVESTING ACTIVITIES
Capital Expenditures -$1.100M -$1.100M -$300.0K
YoY Change 266.67% -50.0%
Acquisitions
YoY Change
Other Investing Activities $16.90M -$2.100M -$149.5M
YoY Change -111.3% -113.13% -447.67%
Cash From Investing Activities $15.80M -$3.200M -$149.8M
YoY Change -110.55% -120.0% -452.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 700.0K 135.6M 21.10M
YoY Change -96.68% 12227.27% 4120.0%
NET CHANGE
Cash From Operating Activities -28.70M -5.600M 22.00M
Cash From Investing Activities 15.80M -3.200M -149.8M
Cash From Financing Activities 700.0K 135.6M 21.10M
Net Change In Cash -12.20M 126.8M -106.7M
YoY Change -88.57% 1012.28% -337.11%
FREE CASH FLOW
Cash From Operating Activities -$28.70M -$5.600M $22.00M
Capital Expenditures -$1.100M -$1.100M -$300.0K
Free Cash Flow -$27.60M -$4.500M $22.30M
YoY Change -223.77% -21.05% 757.69%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q4 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
196562000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
177548000
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
10139000
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2426000
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4352000
CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7890000
CY2017Q4 us-gaap Assets Current
AssetsCurrent
388601000
CY2018Q3 us-gaap Assets Current
AssetsCurrent
472508000
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4218000
CY2017Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1604000
CY2017Q4 us-gaap Goodwill
Goodwill
949000
dei Amendment Flag
AmendmentFlag
false
dei Entity Registrant Name
EntityRegistrantName
CytomX Therapeutics, Inc.
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Period End Date
DocumentPeriodEndDate
2018-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
440616000
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
1000
CY2018Q3 us-gaap Assets
Assets
482726000
CY2018Q3 us-gaap Goodwill
Goodwill
949000
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
61147000
CY2018Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
236365000
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4205000
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
289454000
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1355000
CY2018Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
6871000
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
52997000
CY2017Q4 us-gaap Assets
Assets
397644000
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
259753000
CY2018Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1495000
CY2018Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
917000
CY2018Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
56000
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5482000
CY2017Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
40559000
CY2018Q3 us-gaap Liabilities Current
LiabilitiesCurrent
86274000
CY2017Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
264704000
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1897000
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10266000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-50000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-20929000
dei Entity Ex Transition Period
EntityExTransitionPeriod
true
CY2018Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
45007104
CY2018Q3 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
204809000
CY2017Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
917000
CY2018Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
4990000
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1000
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-10198000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
109000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1276000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1241000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1114000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-392000
us-gaap Share Based Compensation
ShareBasedCompensation
12262000
us-gaap Share Based Compensation
ShareBasedCompensation
8537000
us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
10700000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
7000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-10083000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1976000
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-86000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3538000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
952000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
20000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
98000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2795000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3495000
ctmx Increase Decrease In Accrued Liabilities Income Tax Payable And Other Liabilities Noncurrent
IncreaseDecreaseInAccruedLiabilitiesIncomeTaxPayableAndOtherLiabilitiesNoncurrent
10552000
ctmx Increase Decrease In Accrued Liabilities Income Tax Payable And Other Liabilities Noncurrent
IncreaseDecreaseInAccruedLiabilitiesIncomeTaxPayableAndOtherLiabilitiesNoncurrent
4124000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-26813000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
169574000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-46779000
dei Entity Central Index Key
EntityCentralIndexKey
0001501989
dei Entity Small Business
EntitySmallBusiness
false
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1375000
dei Trading Symbol
TradingSymbol
CTMX
dei Document Type
DocumentType
10-Q
CY2018Q3 us-gaap Liabilities
Liabilities
325065000
CY2018Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
us-gaap Investment Income Interest
InvestmentIncomeInterest
5134000
us-gaap Investment Income Interest
InvestmentIncomeInterest
1400000
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-47000
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
29000
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
38478560
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
38478560
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
69896000
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-219465000
CY2018Q3 us-gaap Revenues
Revenues
12509000
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
27549000
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
35686000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2502000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-23431000
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.53
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8137000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-23177000
CY2018Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
2219000
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
43917510
CY2018Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-30000
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-23461000
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
35169000
CY2018Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2017Q3 us-gaap Revenues
Revenues
24144000
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-282748000
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6249000
CY2018Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
157661000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24535000
CY2018Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
44997279
CY2017Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
482000
us-gaap Revenues
Revenues
48031000
us-gaap Operating Expenses
OperatingExpenses
100095000
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
28920000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17989000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
75560000
us-gaap Revenues
Revenues
44550000
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1429000
CY2018Q3 us-gaap Common Stock Value
CommonStockValue
1000
us-gaap Operating Expenses
OperatingExpenses
89562000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
71573000
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-208000
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
482726000
CY2018Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
44997279
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-101000
us-gaap Operating Income Loss
OperatingIncomeLoss
-45012000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-46980000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-43713000
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5391000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000
us-gaap Net Income Loss
NetIncomeLoss
-52371000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-10247000
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
36947129
us-gaap Net Income Loss
NetIncomeLoss
-43720000
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.28
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.29
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.19
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
36757119
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
40528105
CY2017Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
49000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-34000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-11025000
us-gaap Operating Income Loss
OperatingIncomeLoss
-52064000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-114000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
397644000
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
16382000
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-94000
CY2018Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
21416000
CY2017Q4 us-gaap Liabilities
Liabilities
327748000
CY2017Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
806000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-52485000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-43754000
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.115
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
148371000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2669000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1325000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
161743000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
54183000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
154496000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
84000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9916000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
28492000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
134596000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
4304000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2717000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
138900000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2717000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
82205000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
179580000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
178465000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
105562000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
260670000
CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
285142000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
233000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
79000
ctmx Noncash Acquisition In Process Research And Development Asset Charged To Expense
NoncashAcquisitionInProcessResearchAndDevelopmentAssetChargedToExpense
10700000
us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1. Description of the Business</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">CytomX Therapeutics, Inc. (the &#8220;Company&#8221;) is a clinical-stage, oncology-focused biopharmaceutical company with a vision of transforming lives with safer, more effective therapeutics. The Company is pioneering a novel class of investigational antibody therapeutics, based on its Probody&#8482; therapeutic technology platform, for the treatment of cancer. The Probody therapeutic approach is designed to more specifically target antibody therapeutics to the tumor microenvironment and reduce drug activity in healthy tissue and in circulation. The Company is located in South San Francisco, California and was incorporated in the state of Delaware in September 2010.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Stock Offering</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In July 2018, the Company completed an underwritten public offering of 5,867,347 shares of common stock at a price of $24.50 per share, which included 765,306 shares issued pursuant to the underwriters&#8217; exercise of their option to purchase additional shares of common stock. The aggregate net proceeds received by the Company from the offering were approximately $134.6 million after deducting underwriting discounts and commissions and offering expenses of $9.2 million.</p></div>
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:18pt;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="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p></div>
us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Contract Balances</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Customer payments are recorded as deferred revenue upon receipt or when due and may require deferral of revenue recognition to a future period until the Company performs its obligations under these arrangements. Amounts payable to the Company are recorded as accounts receivable when the Company&#8217;s right to consideration is unconditional.</p></div>
CY2018Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
0
CY2018Q3 ctmx Accrued Research And Clinical Current
AccruedResearchAndClinicalCurrent
14846000
CY2017Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
361986000
CY2017Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
67000
CY2017Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
361919000
CY2017Q4 ctmx Accrued Research And Clinical Current
AccruedResearchAndClinicalCurrent
10068000
CY2018Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4823000
CY2018Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
336450000
CY2018Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
181000
CY2018Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
336269000
ctmx Tax Cuts And Jobs Act Accounting Complete True False
TaxCutsAndJobsActAccountingCompleteTrueFalse
false
CY2018Q3 ctmx Tax Cuts And Jobs Act Incomplete Accounting Change In Tax Rate Provisional Income Tax Expense Benefit
TaxCutsAndJobsActIncompleteAccountingChangeInTaxRateProvisionalIncomeTaxExpenseBenefit
0
ctmx Tax Cuts And Jobs Act Incomplete Accounting Change In Tax Rate Provisional Income Tax Expense Benefit
TaxCutsAndJobsActIncompleteAccountingChangeInTaxRateProvisionalIncomeTaxExpenseBenefit
0
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4526000
CY2018Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1328000
CY2017Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1523000
CY2018Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
419000
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
265000
CY2017Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
305263000
ctmx Contract With Customer Liability Accounting Standards Codification606 Adoption Adjustment
ContractWithCustomerLiabilityAccountingStandardsCodification606AdoptionAdjustment
10912000
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
21000000
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
10799000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
37014000
CY2018Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
289362000
ctmx Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
31900000
CY2018Q3 ctmx Royalty Obligations Future Minimum Payments Due
RoyaltyObligationsFutureMinimumPaymentsDue
150000
ctmx License Termination Period
LicenseTerminationPeriod
P60D
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6503458
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1921900
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
631539
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
111764
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7682055
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4183476
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.157
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
25.760
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.253
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
17.248
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.586
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
7.262
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4413000
CY2017Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2781000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12262000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8537000
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7292701
CY2017Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6713038
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7434862
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6976470
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.120
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2018Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35

Files In Submission

Name View Source Status
0001564590-18-027387-index-headers.html Edgar Link pending
0001564590-18-027387-index.html Edgar Link pending
0001564590-18-027387.txt Edgar Link pending
0001564590-18-027387-xbrl.zip Edgar Link pending
ctmx-10q_20180930.htm Edgar Link pending
ctmx-20180930.xml Edgar Link completed
ctmx-20180930.xsd Edgar Link pending
ctmx-20180930_cal.xml Edgar Link unprocessable
ctmx-20180930_def.xml Edgar Link unprocessable
ctmx-20180930_lab.xml Edgar Link unprocessable
ctmx-20180930_pre.xml Edgar Link unprocessable
ctmx-ex101_175.htm Edgar Link pending
ctmx-ex102_176.htm Edgar Link pending
ctmx-ex103_177.htm Edgar Link pending
ctmx-ex104_178.htm Edgar Link pending
ctmx-ex105_179.htm Edgar Link pending
ctmx-ex106_180.htm Edgar Link pending
ctmx-ex311_6.htm Edgar Link pending
ctmx-ex312_9.htm Edgar Link pending
ctmx-ex321_10.htm Edgar Link pending
ctmx-ex322_8.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending