2023 Q4 Form 10-Q Financial Statement
#000095017023061921 Filed on November 09, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $7.614M | $7.930M | $4.844M |
YoY Change | 20.9% | 63.71% | 4.8% |
% of Gross Profit | |||
Research & Development | $33.59M | $31.42M | $22.20M |
YoY Change | 76.21% | 41.54% | -5.91% |
% of Gross Profit | |||
Depreciation & Amortization | $16.00K | $10.00K | $16.00K |
YoY Change | 6.67% | -37.5% | -30.43% |
% of Gross Profit | |||
Operating Expenses | $41.21M | $39.35M | $27.04M |
YoY Change | 62.47% | 45.5% | -4.15% |
Operating Profit | -$39.35M | -$27.04M | |
YoY Change | 45.5% | -4.15% | |
Interest Expense | $4.838M | $959.0K | $535.0K |
YoY Change | 79.25% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $5.579M | $238.0K | |
YoY Change | 2244.12% | -303.42% | |
Pretax Income | -$36.37M | -$34.73M | -$26.80M |
YoY Change | 47.92% | 29.56% | -5.39% |
Income Tax | $3.867M | $0.00 | $2.000K |
% Of Pretax Income | |||
Net Earnings | -$40.24M | -$34.73M | -$26.81M |
YoY Change | 63.54% | 29.55% | -5.38% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.45 | -$0.57 | |
Diluted Earnings Per Share | -$0.50 | -$0.45 | -$0.57 |
COMMON SHARES | |||
Basic Shares Outstanding | 75.64M | 75.48M | 39.07M |
Diluted Shares Outstanding | 76.34M | 47.25M |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $578.9M | $448.3M | $193.3M |
YoY Change | 207.65% | 131.87% | 22.89% |
Cash & Equivalents | $316.2M | $251.9M | $72.40M |
Short-Term Investments | $262.7M | $196.4M | $120.9M |
Other Short-Term Assets | $14.66M | $11.20M | $6.513M |
YoY Change | 85.15% | 71.96% | -32.88% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $593.5M | $459.5M | $199.9M |
YoY Change | 202.7% | 129.93% | 19.65% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $46.00K | $58.00K | $105.0K |
YoY Change | -50.0% | -44.76% | -28.08% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $396.0K | $289.0K | $218.0K |
YoY Change | 37.02% | 32.57% | -75.06% |
Total Long-Term Assets | $2.735M | $585.0K | $726.0K |
YoY Change | 267.61% | -19.42% | -28.82% |
TOTAL ASSETS | |||
Total Short-Term Assets | $593.5M | $459.5M | $199.9M |
Total Long-Term Assets | $2.735M | $585.0K | $726.0K |
Total Assets | $596.3M | $460.1M | $200.6M |
YoY Change | 202.95% | 129.39% | 19.35% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $8.585M | $10.90M | $14.15M |
YoY Change | -31.33% | -22.95% | 12.97% |
Accrued Expenses | $20.53M | $14.13M | $13.44M |
YoY Change | 71.89% | 5.18% | 83.59% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | $6.667M | |
YoY Change | |||
Total Short-Term Liabilities | $29.61M | $25.21M | $34.42M |
YoY Change | 20.3% | -26.76% | 73.46% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $24.80M | $24.64M | $12.96M |
YoY Change | 25.92% | 90.13% | 799.24% |
Other Long-Term Liabilities | $3.740M | $100.0K | $624.0K |
YoY Change | 444.4% | -83.97% | |
Total Long-Term Liabilities | $28.54M | $24.64M | $12.96M |
YoY Change | 44.91% | 90.13% | 799.24% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $29.61M | $25.21M | $34.42M |
Total Long-Term Liabilities | $28.54M | $24.64M | $12.96M |
Total Liabilities | $59.96M | $49.90M | $48.01M |
YoY Change | 33.27% | 3.95% | 125.52% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$457.4M | -$417.2M | -$290.6M |
YoY Change | 45.09% | 43.54% | 55.48% |
Common Stock | $993.5M | $828.0M | $443.7M |
YoY Change | 112.56% | 86.62% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $536.3M | $410.2M | $152.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $596.3M | $460.1M | $200.6M |
YoY Change | 202.95% | 129.39% | 19.35% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$40.24M | -$34.73M | -$26.81M |
YoY Change | 63.54% | 29.55% | -5.38% |
Depreciation, Depletion And Amortization | $16.00K | $10.00K | $16.00K |
YoY Change | 6.67% | -37.5% | -30.43% |
Cash From Operating Activities | -$34.29M | -$30.36M | -$14.81M |
YoY Change | 26.56% | 104.93% | 10.15% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $4.000K | $0.00 | $0.00 |
YoY Change | 100.0% | -100.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$63.64M | $38.32M | -$42.06M |
YoY Change | 475.45% | -191.11% | -342.06% |
Cash From Investing Activities | -$63.64M | $38.32M | -$42.06M |
YoY Change | 475.38% | -191.11% | -342.28% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 162.2M | -1.480M | 68.63M |
YoY Change | 671.84% | -102.16% | 95220.83% |
NET CHANGE | |||
Cash From Operating Activities | -34.29M | -30.36M | -14.81M |
Cash From Investing Activities | -63.64M | 38.32M | -42.06M |
Cash From Financing Activities | 162.2M | -1.480M | 68.63M |
Net Change In Cash | 64.24M | 6.480M | 11.76M |
YoY Change | -474.64% | -44.89% | 195.35% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$34.29M | -$30.36M | -$14.81M |
Capital Expenditures | $4.000K | $0.00 | $0.00 |
Free Cash Flow | -$34.30M | -$30.36M | -$14.81M |
YoY Change | 26.57% | 104.93% | 10.28% |
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CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
185000 | |
CY2023Q1 | etnb |
Stock Issued During Period Value Restricted Stock Award Net Of Withholding Taxes
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfWithholdingTaxes
|
-693000 | |
CY2023Q1 | etnb |
Issuance Of Common Stock Warrant In Connection With Term Loan Facility
IssuanceOfCommonStockWarrantInConnectionWithTermLoanFacility
|
482000 | |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3551000 | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-28836000 | |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
110000 | |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
445830000 | |
CY2023Q2 | etnb |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
6630000 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
327000 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
142000 | |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4137000 | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-38393000 | |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-354000 | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
441986000 | |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
117000 | |
CY2023Q3 | etnb |
Stock Issued During Period Value Restricted Stock Award Net Of Withholding Taxes
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfWithholdingTaxes
|
-1597000 | |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4381000 | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-34725000 | |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
47000 | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
410209000 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
125957000 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
29000 | |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2512000 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-25565000 | |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-192000 | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
102741000 | |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
43000 | |
CY2022Q2 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
-69000 | |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2586000 | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-25054000 | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-62000 | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
80185000 | |
CY2022Q3 | etnb |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
53000 | |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
208000 | |
CY2022Q3 | etnb |
Stock Issued During Period Value Restricted Stock Award Net Of Withholding Taxes
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfWithholdingTaxes
|
-53000 | |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2500000 | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26805000 | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-122000 | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
152575000 | |
us-gaap |
Profit Loss
ProfitLoss
|
-101954000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-77424000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12069000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7598000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
4297000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
183000 | ||
etnb |
Accretion Of Final Payment Fee
AccretionOfFinalPaymentFee
|
285000 | ||
etnb |
Accretion Of Final Payment Fee
AccretionOfFinalPaymentFee
|
365000 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
410000 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
227000 | ||
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1208000 | ||
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
125000 | ||
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
135000 | ||
us-gaap |
Depreciation
Depreciation
|
34000 | ||
us-gaap |
Depreciation
Depreciation
|
50000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3238000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-4756000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-72000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1599000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
7308000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
2189000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
3243000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-125000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-141000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-94893000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-53994000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
157428000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
87260000 | ||
etnb |
Payment For Purchase Of Available For Sale Securities
PaymentForPurchaseOfAvailableForSaleSecurities
|
216804000 | ||
etnb |
Payment For Purchase Of Available For Sale Securities
PaymentForPurchaseOfAvailableForSaleSecurities
|
110137000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-59376000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-22882000 | ||
etnb |
Proceeds From Issuance Public Offering
ProceedsFromIssuancePublicOffering
|
296817000 | ||
etnb |
Proceeds From Issuance Public Offering
ProceedsFromIssuancePublicOffering
|
88239000 | ||
etnb |
Proceeds From Issuance Public Offering At The Market Offering
ProceedsFromIssuancePublicOfferingAtTheMarketOffering
|
37089000 | ||
etnb |
Proceeds From Issuance Public Offering At The Market Offering
ProceedsFromIssuancePublicOfferingAtTheMarketOffering
|
8370000 | ||
us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
24363000 | ||
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
15590000 | ||
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
53000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
629000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
237000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
142000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
43000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2290000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
122000 | ||
us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
21400000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
350940000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
96820000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
196671000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
19944000 | ||
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
55255000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
52457000 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
251926000 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
72401000 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1913000 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
706000 | ||
us-gaap |
Operating Lease Payments Use
OperatingLeasePaymentsUse
|
139000 | ||
us-gaap |
Operating Lease Payments Use
OperatingLeasePaymentsUse
|
187000 | ||
etnb |
Issuance Of Common Stock Warrant In Connection With Term Loan Facility
IssuanceOfCommonStockWarrantInConnectionWithTermLoanFacility
|
482000 | ||
etnb |
Remeasurement Of Lease Liability And Right Of Use Asset In Connection With Lease Modification
RemeasurementOfLeaseLiabilityAndRightOfUseAssetInConnectionWithLeaseModification
|
338000 | ||
CY2023Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
448300000 | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="text-indent:0;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassification</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain prior period amounts in the Company’s condensed consolidated statements of operations and comprehensive loss have been reclassified to conform to the current period presentation. Specifically, interest expense is disclosed separately on the Company’s condensed consolidated statements of operations and comprehensive loss, which had no impact on reported net loss, comprehensive loss, or loss per share.</span></p> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates </span><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of expenses during the reporting period.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:0;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Significant estimates and assumptions made in the accompanying condensed consolidated financial statements include but are not limited to accrued research and development expenses, the fair value of stock options and unrecognized tax benefits. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. Actual results could differ from those estimates.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">There was </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">no</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> change in unrecognized tax benefits during the three months ended September 30, 2023. Unrecognized tax benefits increased by approximately $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">6.7</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million during the nine months ended September 30, 2023. This change had no impact on the effective tax rate because of corresponding deductions from deferred tax assets.</span></p> | ||
CY2023Q3 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
0 | |
us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
6700000 | ||
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
0 | ||
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
316468000 | |
CY2023Q3 | etnb |
Available For Sale Securities Debt Maturities After One Through Two Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsFairValue
|
39513000 | |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
355981000 | |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
175243000 | |
CY2022Q4 | etnb |
Available For Sale Securities Debt Maturities After One Through Two Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsFairValue
|
6202000 | |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
181445000 | |
CY2023Q3 | etnb |
Prepaid Research And Development Current
PrepaidResearchAndDevelopmentCurrent
|
9193000 | |
CY2022Q4 | etnb |
Prepaid Research And Development Current
PrepaidResearchAndDevelopmentCurrent
|
5727000 | |
CY2023Q3 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
611000 | |
CY2022Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
646000 | |
CY2023Q3 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
1418000 | |
CY2022Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
1547000 | |
CY2023Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
11222000 | |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
7920000 | |
CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
0 | |
CY2023Q3 | etnb |
Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
|
8684000 | |
CY2022Q4 | etnb |
Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
|
6499000 | |
CY2023Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
3937000 | |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
4165000 | |
CY2023Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1432000 | |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1052000 | |
CY2023Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
80000 | |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
228000 | |
CY2023Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
14133000 | |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
11944000 | |
CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
0 | |
CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
10774000 | |
CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
13036000 | |
CY2023Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
1190000 | |
CY2023Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
25000000 | |
CY2023Q3 | us-gaap |
Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
|
285000 | |
CY2023Q3 | etnb |
Debt Instrument Carrying Amount Including Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentCarryingAmountIncludingPeriodicPaymentTermsBalloonPaymentToBePaid
|
25285000 | |
CY2023Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
648000 | |
CY2023Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
24637000 | |
CY2023Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
14282486 | |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
11212805 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.916 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
0.992 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.899 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
0.91 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.034 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.046 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.016 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.034 | ||
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4381000 | |
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2500000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
12069000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7598000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
16679956 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
17621091 |