$CYCC
Cyclacel Pharmaceuticals, Inc.

2024 Q3 Form 10-Q Financial Statement

#000155837024012271 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $10.00K $4.000K
YoY Change -37.5% -98.93%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.237M $1.625M
YoY Change -23.88% 3.17%
% of Gross Profit
Research & Development $950.0K $2.023M
YoY Change -81.86% -57.2%
% of Gross Profit
Depreciation & Amortization $1.000K $2.000K
YoY Change -66.67% -75.0%
% of Gross Profit
Operating Expenses $2.187M $3.648M
YoY Change -68.12% -42.11%
Operating Profit -$2.177M -$3.644M
YoY Change -68.2% -38.54%
Interest Expense $10.00K -$25.00K
YoY Change -93.51% -2600.0%
% of Operating Profit
Other Income/Expense, Net $10.00K -$25.00K
YoY Change -93.1% -76.19%
Pretax Income -$2.167M -$3.669M
YoY Change -67.66% -39.19%
Income Tax -$210.0K -$412.0K
% Of Pretax Income
Net Earnings -$1.957M -$3.257M
YoY Change -67.56% -40.22%
Net Earnings / Revenue -19570.0% -81425.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.18 -$0.72
COMMON SHARES
Basic Shares Outstanding 1.974M 1.463M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.982M $6.000M
YoY Change -49.83% -40.97%
Cash & Equivalents $3.000M $6.000M
Short-Term Investments
Other Short-Term Assets $309.0K $300.0K
YoY Change -84.15% -86.28%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $4.913M $7.707M
YoY Change -55.79% -49.61%
LONG-TERM ASSETS
Property, Plant & Equipment $4.000K $5.000K
YoY Change -75.0% -79.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $413.0K $413.0K
YoY Change -67.2% -58.7%
Total Long-Term Assets $468.0K $483.0K
YoY Change -66.18% -57.93%
TOTAL ASSETS
Total Short-Term Assets $4.913M $7.707M
Total Long-Term Assets $468.0K $483.0K
Total Assets $5.381M $8.190M
YoY Change -56.94% -50.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.126M $4.741M
YoY Change 162.64% 118.58%
Accrued Expenses $2.225M $2.445M
YoY Change -66.17% -46.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.351M $7.186M
YoY Change -22.05% 6.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $5.000K
YoY Change -100.0% -92.42%
Total Long-Term Liabilities $0.00 $5.000K
YoY Change -100.0% -92.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.351M $7.186M
Total Long-Term Liabilities $0.00 $5.000K
Total Liabilities $6.351M $7.191M
YoY Change -22.55% 5.56%
SHAREHOLDERS EQUITY
Retained Earnings -$436.4M -$434.5M
YoY Change 3.18% 4.09%
Common Stock $2.000K $2.000K
YoY Change -83.33% -77.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$970.0K $999.0K
YoY Change
Total Liabilities & Shareholders Equity $5.381M $8.190M
YoY Change -56.94% -50.19%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$1.957M -$3.257M
YoY Change -67.56% -40.22%
Depreciation, Depletion And Amortization $1.000K $2.000K
YoY Change -66.67% -75.0%
Cash From Operating Activities -$3.067M -$3.084M
YoY Change -23.93% 136.32%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.000K 6.289M
YoY Change -98.04% -12431.37%
NET CHANGE
Cash From Operating Activities -3.067M -3.084M
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities -1.000K 6.289M
Net Change In Cash -3.068M 3.205M
YoY Change -24.79% -336.36%
FREE CASH FLOW
Cash From Operating Activities -$3.067M -$3.084M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$3.067M -$3.084M
YoY Change -23.86% 136.32%

Facts In Submission

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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2622000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8181000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3378000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18345000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6000000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10164000
us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
17000
us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
193000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
3715000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
4846000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000
cycc Accrual Of Preferred Stock Dividends
AccrualOfPreferredStockDividends
0
cycc Accrual Of Preferred Stock Dividends
AccrualOfPreferredStockDividends
50000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6000000.0
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0
CY2023Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0
CY2024Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0
CY2024Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
33000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
373000
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
373000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11044693
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
476473
CY2024Q2 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
974000
CY2023Q4 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
2933000
CY2024Q2 cycc Prepayments And Value Added Tax Receivable Current
PrepaymentsAndValueAddedTaxReceivableCurrent
433000
CY2023Q4 cycc Prepayments And Value Added Tax Receivable Current
PrepaymentsAndValueAddedTaxReceivableCurrent
792000
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
300000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
341000
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1707000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4066000
CY2024Q2 cycc Deposits Held By Related Party
DepositsHeldByRelatedParty
400000
CY2024Q2 cycc Accrued Research And Development Costs Current
AccruedResearchAndDevelopmentCostsCurrent
1570000
CY2023Q4 cycc Accrued Research And Development Costs Current
AccruedResearchAndDevelopmentCostsCurrent
3668000
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
480000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
570000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
395000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
380000
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2445000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4618000
us-gaap Operating Lease Expense
OperatingLeaseExpense
38062
us-gaap Operating Lease Expense
OperatingLeaseExpense
36949
us-gaap Operating Lease Payments
OperatingLeasePayments
38058
us-gaap Operating Lease Payments
OperatingLeasePayments
36318
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.12
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
33000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
38000
CY2024Q2 cycc Lessee Operating Lease Liability Payments Due After Year Two
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearTwo
0
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
71000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
65000
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
189000
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
359000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
392000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
760000
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
400000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y5M15D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y11M15D
CY2024Q2 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
8000000.0
CY2024Q2 cycc Cash Placement Fee Percentage
CashPlacementFeePercentage
0.070
CY2024Q2 cycc Management Fee Percentage To Aggregate Gross Proceeds
ManagementFeePercentageToAggregateGrossProceeds
0.010
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.06
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.06
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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