2021 Q1 Form 10-Q Financial Statement

#000162828021009813 Filed on May 11, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2020 Q1
Revenue $286.0K $250.0K $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.690M $4.560M $2.220M
YoY Change 111.26%
% of Gross Profit
Research & Development $18.73M $16.47M $11.50M
YoY Change 62.79%
% of Gross Profit
Depreciation & Amortization $800.0K $570.0K $300.0K
YoY Change 166.67% 42.5%
% of Gross Profit
Operating Expenses $23.42M $21.03M $13.72M
YoY Change 70.62%
Operating Profit -$23.13M -$13.72M
YoY Change 68.54%
Interest Expense $486.0K -$320.0K $258.0K
YoY Change 88.37%
% of Operating Profit
Other Income/Expense, Net $144.0K $560.0K -$228.0K
YoY Change -163.16%
Pretax Income -$22.99M -$20.76M -$13.95M
YoY Change 64.8%
Income Tax
% Of Pretax Income
Net Earnings -$23.00M -$20.76M -$13.95M
YoY Change 64.85%
Net Earnings / Revenue -8041.96% -8304.0%
Basic Earnings Per Share -$0.62
Diluted Earnings Per Share -$0.62 -$1.797M -$2.709M
COMMON SHARES
Basic Shares Outstanding 36.82M shares 35.81M
Diluted Shares Outstanding 36.82M shares

Balance Sheet

Concept 2021 Q1 2020 Q4 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $160.9M $185.8M
YoY Change 1140.04%
Cash & Equivalents $66.45M $92.80M $3.443M
Short-Term Investments $94.47M $92.98M
Other Short-Term Assets $4.400M $4.900M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $165.3M $190.7M
YoY Change 1029.33%
LONG-TERM ASSETS
Property, Plant & Equipment $61.20M $19.53M
YoY Change 627.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.603M $842.0K
YoY Change 7554.55%
Total Long-Term Assets $64.57M $64.91M
YoY Change 1089.43%
TOTAL ASSETS
Total Short-Term Assets $165.3M $190.7M
Total Long-Term Assets $64.57M $64.91M
Total Assets $229.9M $255.6M
YoY Change 1044.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.911M $3.680M
YoY Change 7.01%
Accrued Expenses $5.126M $9.161M
YoY Change 147.53%
Deferred Revenue $2.407M $2.024M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $16.33M $18.85M
YoY Change 48.96%
LONG-TERM LIABILITIES
Long-Term Debt $20.00M $19.65M
YoY Change 79.32%
Other Long-Term Liabilities $68.40M $0.00
YoY Change
Total Long-Term Liabilities $20.00M $19.65M
YoY Change 79.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.33M $18.85M
Total Long-Term Liabilities $20.00M $19.65M
Total Liabilities $104.7M $109.4M
YoY Change 359.42%
SHAREHOLDERS EQUITY
Retained Earnings -$185.9M -$162.9M
YoY Change 73.09%
Common Stock $4.000K $4.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $125.2M $146.2M -$101.2M
YoY Change
Total Liabilities & Shareholders Equity $229.9M $255.6M
YoY Change 1044.01%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2020 Q1
OPERATING ACTIVITIES
Net Income -$23.00M -$20.76M -$13.95M
YoY Change 64.85%
Depreciation, Depletion And Amortization $800.0K $570.0K $300.0K
YoY Change 166.67% 42.5%
Cash From Operating Activities -$23.15M -$10.66M -$10.76M
YoY Change 115.08% -58.16%
INVESTING ACTIVITIES
Capital Expenditures $1.794M -$7.490M $1.021M
YoY Change 75.71% 4061.11%
Acquisitions
YoY Change
Other Investing Activities -$1.470M -$92.73M $0.00
YoY Change
Cash From Investing Activities -$3.261M -$100.2M -$1.021M
YoY Change 219.39% 58852.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $62.00K 128.5M $247.0K
YoY Change -74.9% 1387.38%
NET CHANGE
Cash From Operating Activities -$23.15M -10.66M -$10.76M
Cash From Investing Activities -$3.261M -100.2M -$1.021M
Cash From Financing Activities $62.00K 128.5M $247.0K
Net Change In Cash -$26.35M 17.63M -$11.54M
YoY Change 128.38% -203.64%
FREE CASH FLOW
Cash From Operating Activities -$23.15M -$10.66M -$10.76M
Capital Expenditures $1.794M -$7.490M $1.021M
Free Cash Flow -$24.94M -$3.170M -$11.78M
YoY Change 111.67% -87.47%

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CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
959000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1471000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
66449000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3443000 USD
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
1733000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
68182000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5719000 USD
CY2020Q3 fhtx Proceeds From Upfront Payment
ProceedsFromUpfrontPayment
15000000.0 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-185900000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
94463000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
5000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
94468000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
92982000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
7000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
92975000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
384000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
0 USD
CY2021Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
22368000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
21631000 USD
CY2021Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
2875000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
2103000 USD
CY2021Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
19493000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
19528000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
800000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
300000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
978000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3513000 USD
CY2021Q1 fhtx Accrued Tenant Improvements
AccruedTenantImprovements
913000 USD
CY2020Q4 fhtx Accrued Tenant Improvements
AccruedTenantImprovements
2385000 USD
CY2021Q1 fhtx Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
2477000 USD
CY2020Q4 fhtx Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
2146000 USD
CY2021Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
620000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
979000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
138000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
138000 USD
CY2021Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5126000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9161000 USD
CY2021Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
20000000 USD
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
20000000 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
20000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
20000000 USD
CY2021Q1 us-gaap Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
1000000 USD
CY2020Q4 us-gaap Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
1000000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1261000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1346000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
19739000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
19654000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
833000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
10000000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
9167000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
20000000 USD
CY2021Q1 fhtx Common Stock Voting Rights Votes
CommonStockVotingRightsVotes
1 vote
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6321699 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
19936239 shares
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1888000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
517000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
26300000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y3M18D
CY2021Q1 fhtx Proceeds From Upfront Payment
ProceedsFromUpfrontPayment
15000000.0 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
15000000.0 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
14300000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1887000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1258000 USD
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 USD
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
27000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
763000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
236000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
2650000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
1521000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2371000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
456000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
38306000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
330000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
78990000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y4M24D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y8M12D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0535
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0535
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
7391000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10005000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10115000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10355000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10603000 USD
CY2021Q1 fhtx Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
30521000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14261000 USD
CY2021Q1 fhtx Lessee Operating Lease Liability Estimated Lease Incentives
LesseeOperatingLeaseLiabilityEstimatedLeaseIncentives
2398000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
62331000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5783000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
56548000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
62331000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2600000 USD
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
600000 USD
CY2021Q1 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P3Y
CY2021Q1 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P3Y
CY2021Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
400000 USD
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
300000 USD

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