2024 Q4 Form 10-Q Financial Statement
#000095017024123267 Filed on November 07, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | $10.52M | |
YoY Change | -30.77% | |
Cost Of Revenue | $736.0K | |
YoY Change | -38.67% | |
Gross Profit | $9.788M | |
YoY Change | -30.09% | |
Gross Profit Margin | 93.01% | |
Selling, General & Admin | $12.99M | |
YoY Change | 17.75% | |
% of Gross Profit | 132.75% | |
Research & Development | $29.54M | |
YoY Change | 70.14% | |
% of Gross Profit | 301.82% | |
Depreciation & Amortization | $408.0K | |
YoY Change | 270.91% | |
% of Gross Profit | 4.17% | |
Operating Expenses | $42.54M | |
YoY Change | 43.7% | |
Operating Profit | -$32.75M | |
YoY Change | 127.45% | |
Interest Expense | $3.387M | |
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | $3.387M | |
YoY Change | 89.64% | |
Pretax Income | -$29.36M | |
YoY Change | 132.84% | |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$29.36M | |
YoY Change | 132.8% | |
Net Earnings / Revenue | -278.99% | |
Basic Earnings Per Share | -$0.54 | |
Diluted Earnings Per Share | -$0.54 | |
COMMON SHARES | ||
Basic Shares Outstanding | 68.25M | 53.52M |
Diluted Shares Outstanding | 54.45M |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $253.8M | |
YoY Change | 86.61% | |
Cash & Equivalents | $79.83M | |
Short-Term Investments | $174.0M | |
Other Short-Term Assets | $1.298M | |
YoY Change | 136.43% | |
Inventory | $2.807M | |
Prepaid Expenses | $2.441M | |
Receivables | $378.0K | |
Other Receivables | $0.00 | |
Total Short-Term Assets | $268.5M | |
YoY Change | 78.84% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $8.391M | |
YoY Change | 87.3% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $2.422M | |
YoY Change | 1111.0% | |
Total Long-Term Assets | $32.37M | |
YoY Change | 227.61% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $268.5M | |
Total Long-Term Assets | $32.37M | |
Total Assets | $300.9M | |
YoY Change | 88.02% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $7.343M | |
YoY Change | -23.35% | |
Accrued Expenses | $14.17M | |
YoY Change | 5.58% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $48.79M | |
YoY Change | -23.64% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | ||
Other Long-Term Liabilities | $233.0K | |
YoY Change | ||
Total Long-Term Liabilities | $233.0K | |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $48.79M | |
Total Long-Term Liabilities | $233.0K | |
Total Liabilities | $82.18M | |
YoY Change | -18.97% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$831.6M | |
YoY Change | 14.23% | |
Common Stock | $1.049B | |
YoY Change | 33.51% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $218.7M | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $300.9M | |
YoY Change | 88.02% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$29.36M | |
YoY Change | 132.8% | |
Depreciation, Depletion And Amortization | $408.0K | |
YoY Change | 270.91% | |
Cash From Operating Activities | -$39.03M | |
YoY Change | 156.59% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $1.574M | |
YoY Change | -8.49% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $17.77M | |
YoY Change | ||
Cash From Investing Activities | $16.20M | |
YoY Change | -1041.63% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 11.89M | |
YoY Change | 14.8% | |
NET CHANGE | ||
Cash From Operating Activities | -39.03M | |
Cash From Investing Activities | 16.20M | |
Cash From Financing Activities | 11.89M | |
Net Change In Cash | -10.94M | |
YoY Change | 66.5% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$39.03M | |
Capital Expenditures | $1.574M | |
Free Cash Flow | -$40.60M | |
YoY Change | 139.82% |
Facts In Submission
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|
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|
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us-gaap |
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|
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us-gaap |
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|
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CY2024Q3 | us-gaap |
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|
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|
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|
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us-gaap |
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|
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|
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CY2023Q3 | us-gaap |
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|
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CY2023Q3 | us-gaap |
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|
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CY2023Q3 | us-gaap |
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|
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CY2023Q3 | us-gaap |
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|
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CY2023Q3 | us-gaap |
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|
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|
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CY2023Q3 | us-gaap |
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|
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CY2024Q2 | us-gaap |
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|
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CY2024Q3 | us-gaap |
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NetIncomeLoss
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CY2024Q3 | us-gaap |
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|
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CY2024Q3 | us-gaap |
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|
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CY2024Q3 | us-gaap |
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|
7446000 | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
218734000 | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
96368000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
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us-gaap |
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|
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us-gaap |
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|
9540000 | ||
us-gaap |
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|
422000 | ||
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Stock Issued During Period Value Stock Options Exercised
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|
634000 | ||
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|
-169000 | ||
us-gaap |
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|
8467000 | ||
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
58621000 | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
266323000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-89471000 | ||
us-gaap |
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|
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us-gaap |
Stock Issued During Period Value New Issues
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|
11811000 | ||
us-gaap |
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|
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us-gaap |
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|
-4512000 | ||
us-gaap |
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|
28840000 | ||
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
218734000 | |
us-gaap |
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|
-89471000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
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us-gaap |
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|
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Depreciation And Amortization
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|
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eypt |
Amortization Of Debt Discount And Premium And Discount On Available For Sale Marketable Securities
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|
-4143000 | ||
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Amortization Of Debt Discount And Premium And Discount On Available For Sale Marketable Securities
AmortizationOfDebtDiscountAndPremiumAndDiscountOnAvailableForSaleMarketableSecurities
|
-334000 | ||
us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | ||
us-gaap |
Inventory Write Down
InventoryWriteDown
|
693000 | ||
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
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us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1347000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
28840000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8467000 | ||
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
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|
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us-gaap |
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IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
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us-gaap |
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IncreaseDecreaseInOtherNoncurrentAssets
|
2422000 | ||
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
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us-gaap |
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IncreaseDecreaseInInventories
|
-1098000 | ||
us-gaap |
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IncreaseDecreaseInInventories
|
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|
-2402000 | ||
us-gaap |
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IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
791000 | ||
eypt |
Increase Decrease In Operating Lease Liabilities And Right Of Use Asset
IncreaseDecreaseInOperatingLeaseLiabilitiesAndRightOfUseAsset
|
1211000 | ||
eypt |
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IncreaseDecreaseInOperatingLeaseLiabilitiesAndRightOfUseAsset
|
467000 | ||
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-22054000 | ||
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
57420000 | ||
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
0 | ||
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
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us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-90377000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
24984000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
234225000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
5851000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
114500000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
52284000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3668000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2600000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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-123393000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
43833000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
11793000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
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us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
307000 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
415000 | ||
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | ||
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
30000000 | ||
us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
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us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
1350000 | ||
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
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us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
5300000 | ||
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | ||
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
15775000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
4512000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
169000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5436000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1056000 | ||
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
73000 | ||
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
36000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
12337000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-31415000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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|
-201433000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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|
37402000 | ||
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
281413000 | |
CY2022Q4 | us-gaap |
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
95783000 | |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
79980000 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
133185000 | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
79830000 | |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
133035000 | |
CY2024Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
150000 | |
CY2023Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
150000 | |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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|
79980000 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
133185000 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
1405000 | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
17544000 | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
141000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
0 | ||
eypt |
Non Cash Unpaid Stock Issuance Costs
NonCashUnpaidStockIssuanceCosts
|
0 | ||
eypt |
Non Cash Unpaid Stock Issuance Costs
NonCashUnpaidStockIssuanceCosts
|
19000 | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div class="item-list-element-wrapper" style="font-size:0;margin-top:10pt;justify-content:flex-start;align-items:baseline;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;min-width:4.533%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">1.</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Operations</span></div></div><p style="text-indent:4.533%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The accompanying condensed consolidated financial statements of EyePoint Pharmaceuticals, Inc., a Delaware corporation (together with its subsidiaries, the Company), as of September 30, 2024 and for the three and nine months ended September 30, 2024 and 2023 are unaudited. Certain information in the footnote disclosures of these financial statements has been condensed or omitted in accordance with the rules and regulations of the Securities and Exchange Commission. These financial statements should be read in conjunction with the Company’s audited consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. In the opinion of management, these statements have been prepared on the same basis as the audited consolidated financial statements as of and for the year ended December 31, 2023, and include all adjustments, consisting only of normal recurring adjustments, that are necessary for the fair presentation of the Company’s financial position, results of operations, and cash flows for the periods indicated. The preparation of financial statements in accordance with United States (U.S.) generally accepted accounting principles requires management to make assumptions and estimates that affect, among other things, (i) reported amounts of assets and liabilities; (ii) disclosure of contingent assets and liabilities at the date of the consolidated financial statements; and (iii) reported amounts of revenues and expenses during the reporting period. The results of operations for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the entire 2024 fiscal year or any future period.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company is committed to developing and commercializing innovative therapeutics to help improve the lives of patients with serious retinal diseases. The Company’s pipeline leverages its proprietary bioerodible Durasert E</span><span style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.7pt;font-family:Times New Roman;min-width:fit-content;"></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> technology (Durasert E</span><span style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.7pt;font-family:Times New Roman;min-width:fit-content;"></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">) for sustained intraocular drug delivery. The Company’s lead product candidate, DURAVYU</span><span style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.7pt;font-family:Times New Roman;min-width:fit-content;"></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">, f/k/a EYP-1901, is an investigational sustained delivery treatment for anti-vascular endothelial growth factor (anti-VEGF) mediated retinal diseases combining vorolanib, a selective and patent-protected tyrosine kinase inhibitor with Durasert E</span><span style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.7pt;font-family:Times New Roman;min-width:fit-content;"></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. DURAVYU</span><span style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.7pt;font-family:Times New Roman;min-width:fit-content;"></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> is currently in Phase 3 clinical trials for wet age-related macular degeneration (wet AMD), the leading cause of vision loss among people 50 years of age and older in the United States and a Phase 2 clinical trial for diabetic macular edema (DME). The Company is also advancing EYP-2301, a promising TIE-2 agonist, razuprotafib, formulated in Durasert E</span><span style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.7pt;font-family:Times New Roman;min-width:fit-content;"></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> to potentially improve outcomes in serious retinal diseases.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company plans to identify and advance additional product candidates through clinical and regulatory development for its pipeline. This may be accomplished through internal discovery efforts, research collaborations and/or in-licensing arrangements and potential acquisitions of additional products, product candidates or technologies.</span></p><p style="font-size:10pt;margin-top:10pt;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;min-width:fit-content;">Liquidity</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> The Company had cash, cash equivalents and investments in marketable securities of </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">$</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">253.8</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million at September 30, 2024. The Company has a history of operating losses and has not had significant recurring cash inflows from revenue. The Company’s operations have been financed primarily from sales of its equity securities, issuance of debt and a combination of license fees, milestone payments, royalty income, and other fees received from its collaboration partners. The Company anticipates that it will continue to incur losses as it continues the research and development of its product candidates, and the Company does not expect revenues to generate sufficient funding to sustain its operations in the near-term. The Company expects to continue fulfilling its funding needs through cash inflows from revenues, licensing and research collaboration transactions, additional equity capital raises and other arrangements. The Company believes that its cash, cash equivalents and investments in marketable securities of </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">$</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">253.8</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million at September 30, 2024 will enable the Company to fund its current and planned operations for at least the next twelve months from the date these condensed consolidated financial statements were issued. Actual cash requirements could differ from management’s projections due to many factors, including the timing and results of the Company’s clinical trials for DURAVYU</span><span style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.7pt;font-family:Times New Roman;min-width:fit-content;"></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">, additional investments in research and development programs, competing technological and market developments and the costs of any strategic acquisitions and/or development of compleme</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">ntary business opportunities.</span></p> | ||
CY2024Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
253800000 | |
CY2024Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
253800000 | |
CY2023Q4 | us-gaap |
Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
|
760000 | |
eypt |
Contract With Customer Allowance For Credit Loss Increase Decrease
ContractWithCustomerAllowanceForCreditLossIncreaseDecrease
|
70000 | ||
eypt |
Contract With Customer Allowance For Deductions Applied And Payments Made
ContractWithCustomerAllowanceForDeductionsAppliedAndPaymentsMade
|
-551000 | ||
CY2024Q3 | us-gaap |
Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
|
279000 | |
CY2022Q4 | us-gaap |
Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
|
1888000 | |
eypt |
Contract With Customer Allowance For Credit Loss Additions
ContractWithCustomerAllowanceForCreditLossAdditions
|
1561000 | ||
eypt |
Contract With Customer Allowance For Credit Loss Increase Decrease
ContractWithCustomerAllowanceForCreditLossIncreaseDecrease
|
-169000 | ||
eypt |
Contract With Customer Allowance For Deductions Applied And Payments Made
ContractWithCustomerAllowanceForDeductionsAppliedAndPaymentsMade
|
-2538000 | ||
CY2023Q3 | us-gaap |
Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
|
742000 | |
CY2024Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
2441000 | |
CY2023Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
1695000 | |
CY2024Q3 | eypt |
Prepaid Clinical Current
PrepaidClinicalCurrent
|
7832000 | |
CY2023Q4 | eypt |
Prepaid Clinical Current
PrepaidClinicalCurrent
|
6335000 | |
CY2024Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1298000 | |
CY2023Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1009000 | |
CY2024Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
11571000 | |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
9039000 | |
CY2024Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
1496000 | |
CY2023Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
1303000 | |
CY2024Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
649000 | |
CY2023Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
882000 | |
CY2024Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
662000 | |
CY2023Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1721000 | |
CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
2807000 | |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
3906000 | |
CY2024Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
8910000 | |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
12631000 | |
CY2024Q3 | eypt |
Accrued Clinical Expense Current
AccruedClinicalExpenseCurrent
|
3861000 | |
CY2023Q4 | eypt |
Accrued Clinical Expense Current
AccruedClinicalExpenseCurrent
|
3305000 | |
CY2024Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
682000 | |
CY2023Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
666000 | |
CY2024Q3 | eypt |
Accrued Sales Chargebacks Rebates And Other Revenue Reserves
AccruedSalesChargebacksRebatesAndOtherRevenueReserves
|
279000 | |
CY2023Q4 | eypt |
Accrued Sales Chargebacks Rebates And Other Revenue Reserves
AccruedSalesChargebacksRebatesAndOtherRevenueReserves
|
760000 | |
CY2024Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
434000 | |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
159000 | |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
14166000 | |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
17521000 | |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P12Y4M24D | |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.116 | |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1188000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
563000 | |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
21922000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
4906000 | |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
23110000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
5469000 | |
CY2024Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
60000 | |
CY2023Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
47000 | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
195000 | ||
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
106000 | ||
CY2024Q3 | us-gaap |
Lease Cost
LeaseCost
|
1090000 | |
CY2023Q3 | us-gaap |
Lease Cost
LeaseCost
|
403000 | |
us-gaap |
Lease Cost
LeaseCost
|
2164000 | ||
us-gaap |
Lease Cost
LeaseCost
|
1173000 | ||
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
500000 | ||
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
600000 | ||
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
630000 | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
3585000 | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
4133000 | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
4222000 | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
3319000 | |
CY2024Q3 | eypt |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
31860000 | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
47749000 | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
24639000 | |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
23110000 | |
CY2021Q4 | eypt |
Pre Funded Warrants To Purchase Common Stock
PreFundedWarrantsToPurchaseCommonStock
|
3272727 | |
CY2024Q2 | eypt |
Stock Issued During Period Shares Cashless Exercise Of Warrants
StockIssuedDuringPeriodSharesCashlessExerciseOfWarrants
|
2181818 | |
CY2024Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
2180776 | |
CY2024Q3 | eypt |
Pre Funded Warrants Outstandings
PreFundedWarrantsOutstandings
|
1090909 | |
eypt |
Pre Funded Warrants Shares Included In Net Income Loss Per Share Calculation
PreFundedWarrantsSharesIncludedInNetIncomeLossPerShareCalculation
|
1090909 | ||
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7446000 | |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3629000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
28840000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8467000 | ||
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
30200000 | |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y8M12D | ||
CY2024Q3 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
64600000 | |
CY2023Q4 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
270500000 | |
CY2024Q3 | us-gaap |
Us Government Securities At Carrying Value
USGovernmentSecuritiesAtCarryingValue
|
4900000 | |
CY2024Q3 | us-gaap |
Commercial Paper At Carrying Value
CommercialPaperAtCarryingValue
|
4900000 | |
CY2023Q4 | us-gaap |
Us Government Securities At Carrying Value
USGovernmentSecuritiesAtCarryingValue
|
5000000 | |
CY2023Q4 | us-gaap |
Commercial Paper At Carrying Value
CommercialPaperAtCarryingValue
|
5000000 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9048927 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
7731609 | ||
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | eypt |
Rule10 B51 Arrangement Modified Flag
Rule10B51ArrangementModifiedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |