2014 Q3 Form 10-Q Financial Statement
#000119312514305189 Filed on August 12, 2014
Income Statement
Concept | 2014 Q3 | 2014 Q2 | 2013 Q2 |
---|---|---|---|
Revenue | $2.637M | $42.05M | $1.649M |
YoY Change | 95.48% | 2450.09% | -35.13% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.760M | $2.600M | $1.790M |
YoY Change | 57.71% | 45.25% | 55.65% |
% of Gross Profit | |||
Research & Development | $5.200M | $4.553M | $4.039M |
YoY Change | 20.93% | 12.73% | -17.99% |
% of Gross Profit | |||
Depreciation & Amortization | $110.0K | $90.00K | $60.00K |
YoY Change | 57.14% | 50.0% | 100.0% |
% of Gross Profit | |||
Operating Expenses | $7.960M | $4.553M | $4.039M |
YoY Change | 31.57% | 12.73% | -17.99% |
Operating Profit | $34.90M | -$4.178M | |
YoY Change | -935.21% | 18.42% | |
Interest Expense | $240.0K | $5.000K | $7.000K |
YoY Change | -7.69% | -28.57% | -76.67% |
% of Operating Profit | 0.01% | ||
Other Income/Expense, Net | $236.0K | $36.00K | $40.00K |
YoY Change | -8.53% | -10.0% | 48.15% |
Pretax Income | -$5.090M | $34.93M | -$4.138M |
YoY Change | 14.64% | -944.15% | 18.23% |
Income Tax | $48.00K | $15.12M | $0.00 |
% Of Pretax Income | 43.29% | ||
Net Earnings | -$5.042M | $50.05M | -$4.138M |
YoY Change | 13.48% | -1309.59% | 18.19% |
Net Earnings / Revenue | -191.2% | 119.03% | -250.94% |
Basic Earnings Per Share | -$0.27 | $2.70 | -$0.23 |
Diluted Earnings Per Share | -$0.27 | $2.61 | -$0.23 |
COMMON SHARES | |||
Basic Shares Outstanding | 18.58M shares | 18.53M shares | 17.82M shares |
Diluted Shares Outstanding | 19.20M shares | 17.82M shares |
Balance Sheet
Concept | 2014 Q3 | 2014 Q2 | 2013 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $90.80M | $95.90M | $94.50M |
YoY Change | -10.54% | 1.48% | 101.92% |
Cash & Equivalents | $30.70M | $26.37M | $18.88M |
Short-Term Investments | $60.10M | $69.50M | $75.70M |
Other Short-Term Assets | $12.70M | $13.20M | $1.500M |
YoY Change | 693.75% | 780.0% | 200.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.724M | $399.0K | $876.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $108.0M | $111.7M | $97.87M |
YoY Change | 3.12% | 14.11% | 92.65% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.803M | $1.551M | $1.152M |
YoY Change | 60.84% | 34.64% | 130.4% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $41.00M | $41.70M | $20.20M |
YoY Change | 283.18% | 106.44% | 1088.24% |
Other Assets | $4.600M | $4.600M | $400.0K |
YoY Change | 1050.0% | 1050.0% | -69.23% |
Total Long-Term Assets | $47.44M | $47.84M | $21.81M |
YoY Change | 286.95% | 119.38% | 523.0% |
TOTAL ASSETS | |||
Total Short-Term Assets | $108.0M | $111.7M | $97.87M |
Total Long-Term Assets | $47.44M | $47.84M | $21.81M |
Total Assets | $155.4M | $159.5M | $119.7M |
YoY Change | 32.86% | 33.29% | 120.39% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.874M | $1.284M | $918.0K |
YoY Change | 26.54% | 39.87% | 14.75% |
Accrued Expenses | $2.872M | $2.984M | $2.023M |
YoY Change | -5.37% | 47.5% | -34.74% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.746M | $4.268M | $2.941M |
YoY Change | 4.86% | 45.12% | -24.59% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $200.0K | $200.0K | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $229.0K | $405.0K | $535.0K |
YoY Change | -36.21% | -24.3% | -80.19% |
Total Long-Term Liabilities | $229.0K | $405.0K | $535.0K |
YoY Change | -36.21% | -24.3% | -80.19% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.746M | $4.268M | $2.941M |
Total Long-Term Liabilities | $229.0K | $405.0K | $535.0K |
Total Liabilities | $6.761M | $6.561M | $5.260M |
YoY Change | 3.94% | 24.73% | -20.3% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$73.01M | -$67.97M | -$103.0M |
YoY Change | -32.05% | -34.01% | |
Common Stock | $221.8M | $188.0K | $180.0K |
YoY Change | 122423.76% | 4.44% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $2.000K | $2.000K | $2.000K |
YoY Change | 0.0% | 0.0% | |
Treasury Stock Shares | 208.8K shares | 208.8K shares | 208.8K shares |
Shareholders Equity | $148.7M | $153.0M | $114.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $155.4M | $159.5M | $119.7M |
YoY Change | 32.86% | 33.29% | 120.39% |
Cashflow Statement
Concept | 2014 Q3 | 2014 Q2 | 2013 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$5.042M | $50.05M | -$4.138M |
YoY Change | 13.48% | -1309.59% | 18.19% |
Depreciation, Depletion And Amortization | $110.0K | $90.00K | $60.00K |
YoY Change | 57.14% | 50.0% | 100.0% |
Cash From Operating Activities | -$4.930M | $35.11M | -$5.920M |
YoY Change | 96.41% | -693.07% | 54.97% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$490.0K | -$370.0K | -$50.00K |
YoY Change | 133.33% | 640.0% | 0.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $9.700M | -$26.93M | -$48.16M |
YoY Change | -230.38% | -44.08% | 275.08% |
Cash From Investing Activities | $9.220M | -$27.32M | -$48.22M |
YoY Change | -220.68% | -43.34% | 274.38% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 40.00K | 470.0K | -1.440M |
YoY Change | -66.67% | -132.64% | 4700.0% |
NET CHANGE | |||
Cash From Operating Activities | -4.930M | 35.11M | -5.920M |
Cash From Investing Activities | 9.220M | -27.32M | -48.22M |
Cash From Financing Activities | 40.00K | 470.0K | -1.440M |
Net Change In Cash | 4.330M | 8.260M | -55.58M |
YoY Change | -143.17% | -114.86% | 232.22% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$4.930M | $35.11M | -$5.920M |
Capital Expenditures | -$490.0K | -$370.0K | -$50.00K |
Free Cash Flow | -$4.440M | $35.48M | -$5.870M |
YoY Change | 93.04% | -704.43% | 55.7% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2014Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
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Cash And Cash Equivalents At Carrying Value
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|
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CY2013Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
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|
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Common Stock Shares Outstanding
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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5.15 | |
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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Other Accrued Liabilities Current
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Additional Paid In Capital
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StockholdersEquity
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Retained Earnings Accumulated Deficit
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Common Stock Value
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Liabilities And Stockholders Equity
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Liabilities
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Asset Retirement Obligations Noncurrent
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Commitments And Contingencies
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Commitments And Contingencies
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Assets
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|
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Deferred Tax Assets Deferred Income
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|
1950000 | |
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41700000 | |
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48000 | |
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|
0.0103 | pure | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.30 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7052989 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.73 | pure | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
shares | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.30 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.00 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y1M2D | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
148000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
8367000 | ||
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
2454000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-61578000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1288000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
777000 | ||
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
16974000 | ||
us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
2526000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
13156000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 | pure | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7052989 | shares | |
us-gaap |
Revenues
Revenues
|
30704000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
291000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
13966000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
14070000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
100253000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2126000 | ||
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
146000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-22000 | ||
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
217000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-2126000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
13730000 | ||
us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
-912000 | ||
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
100000 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
3540000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-173000 | ||
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
340000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
14070000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-697000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-104000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
404000 | ||
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-104000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4433000 | ||
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
23000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
56789000 | ||
us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
161808000 | ||
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-17000 | ||
us-gaap |
Interest Expense
InterestExpense
|
23000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-620000 | ||
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
0 | ||
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
37000 | ||
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
59892000 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12541000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
437000 | ||
us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
13670000 | ||
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
711000 | ||
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
36625000 | ||
enta |
Undistributed Earnings Allocated To Participating Securities Diluted
UndistributedEarningsAllocatedToParticipatingSecuritiesDiluted
|
13670000 | ||
enta |
Fair Value Measurements Inter Transfers Between Levels
FairValueMeasurementsInterTransfersBetweenLevels
|
0 | ||
enta |
Premium On Marketable Securities
PremiumOnMarketableSecurities
|
1170000 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
ENANTA PHARMACEUTICALS INC | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-06-30 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001177648 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--09-30 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0189 | pure | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
0.73 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.06 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
465 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19168368 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.75 | pure | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
892537 | shares | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
14.00 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.16 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y4M24D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
483570 | shares | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.8070 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y22D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 | pure | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
1.56 | ||
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P3Y | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18275831 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
29.73 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
25111000 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y7M6D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P7Y2M12D | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
650939 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
9343 | shares | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> <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 consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions reflected in these consolidated financial statements include, but are not limited to, management’s judgments of separate units of accounting and best estimate of selling price of those units of accounting within its revenue arrangements; the valuation of common stock for the periods prior to the completion of the Company’s initial public offering (“IPO”), valuation of warrants, Series 1 nonconvertible preferred stock and stock-based awards; the useful lives of property and equipment; and the accounting for income taxes, including uncertain tax positions and the valuation of net deferred tax assets. Estimates are periodically reviewed in light of changes in circumstances, facts and experience. Actual results could differ from the Company’s estimates.</p> </div> | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-15228000 | ||
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-10000 | ||
us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
|||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1887000 | ||
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
20793000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
242000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
17515000 | ||
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
7413000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-8716000 | ||
us-gaap |
Revenues
Revenues
|
45104000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-161000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
39478000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
24358000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
85750000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
39480000 | ||
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
329000 | ||
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-268000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
39480000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
24311000 | ||
us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
1475000 | ||
us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
15333000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-409000 | ||
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
47000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
39480000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-1636000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-2000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
543000 | ||
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-2000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7255000 | ||
us-gaap |
Deferred Tax Expense From Stock Options Exercised
DeferredTaxExpenseFromStockOptionsExercised
|
-105000 | ||
us-gaap |
Maintenance Costs
MaintenanceCosts
|
105000 | ||
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
14000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1120000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-200000 | ||
us-gaap |
Interest Expense
InterestExpense
|
14000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-190000 | ||
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
0 | ||
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
46000 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
13538000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1015000 | ||
us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
|||
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
105000 | ||
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
711000 | ||
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
70164000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-15122000 | ||
enta |
Office Leases Expire
OfficeLeasesExpire
|
September 2018 | ||
enta |
Milestone Payments Maximum Amount
MilestonePaymentsMaximumAmount
|
5000000 | ||
enta |
Onetime License Costs
OnetimeLicenseCosts
|
50000 | ||
enta |
Undistributed Earnings Allocated To Participating Securities Diluted
UndistributedEarningsAllocatedToParticipatingSecuritiesDiluted
|
|||
enta |
Fair Value Measurements Inter Transfers Between Levels
FairValueMeasurementsInterTransfersBetweenLevels
|
0 | ||
enta |
Premium On Marketable Securities
PremiumOnMarketableSecurities
|
1824000 | ||
enta |
Conversion Of Warrants Into Preferred Stock
ConversionOfWarrantsIntoPreferredStock
|
206000 | ||
CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0116 | pure |
CY2013Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.23 | |
CY2013Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
17819813 | shares |
CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.77 | pure |
CY2013Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
shares | |
CY2013Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.23 | |
CY2013Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | |
CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 | pure |
CY2013Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17819813 | shares |
CY2013Q2 | us-gaap |
Revenues
Revenues
|
1649000 | |
CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-4225000 | |
CY2013Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-4138000 | |
CY2013Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4138000 | |
CY2013Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
64000 | |
CY2013Q2 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-17000 | |
CY2013Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-4138000 | |
CY2013Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4178000 | |
CY2013Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
40000 | |
CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4138000 | |
CY2013Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-87000 | |
CY2013Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-87000 | |
CY2013Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1788000 | |
CY2013Q2 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
||
CY2013Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
239000 | |
CY2013Q2 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
5827000 | |
CY2013Q2 | us-gaap |
Interest Expense
InterestExpense
|
7000 | |
CY2013Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
0 | |
CY2013Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4039000 | |
CY2013Q2 | us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
||
CY2013Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
237000 | |
CY2013Q2 | enta |
Undistributed Earnings Allocated To Participating Securities Diluted
UndistributedEarningsAllocatedToParticipatingSecuritiesDiluted
|
||
CY2013Q2 | enta |
Fair Value Measurements Inter Transfers Between Levels
FairValueMeasurementsInterTransfersBetweenLevels
|
0 | |
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0193 | pure |
CY2014Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.61 | |
CY2014Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19203270 | shares |
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.76 | pure |
CY2014Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
674437 | shares |
CY2014Q2 | us-gaap |
Interest Expense
InterestExpense
|
5000 | |
CY2014Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
0 | |
CY2014Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4553000 | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.70 | |
CY2014Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y1M6D | |
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 | pure |
CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18528833 | shares |
CY2014Q2 | us-gaap |
Revenues
Revenues
|
42051000 | |
CY2014Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
49988000 | |
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
34931000 | |
CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
50053000 | |
CY2014Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
106000 | |
CY2014Q2 | us-gaap |
Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
|
40000000 | |
CY2014Q2 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-65000 | |
CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
50053000 | |
CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
34895000 | |
CY2014Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
36000 | |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
50053000 | |
CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-65000 | |
CY2014Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-65000 | |
CY2014Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2603000 | |
CY2014Q2 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
||
CY2014Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
776000 | |
CY2014Q2 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
7156000 | |
CY2014Q2 | us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
||
CY2014Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
237000 | |
CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-15122000 | |
CY2014Q2 | enta |
Undistributed Earnings Allocated To Participating Securities Diluted
UndistributedEarningsAllocatedToParticipatingSecuritiesDiluted
|
||
CY2014Q2 | enta |
Fair Value Measurements Inter Transfers Between Levels
FairValueMeasurementsInterTransfersBetweenLevels
|
0 |