2022 Q4 Form 10-Q Financial Statement

#000162828022028930 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $4.184M $6.634M
YoY Change 486.82% 16080.49%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.862M $7.965M
YoY Change 24.16% 37.14%
% of Gross Profit
Research & Development $28.21M $26.93M
YoY Change 25.58% 31.39%
% of Gross Profit
Depreciation & Amortization $848.0K $900.0K
YoY Change 4.69% 12.5%
% of Gross Profit
Operating Expenses $36.07M $34.89M
YoY Change 25.26% 32.66%
Operating Profit -$28.26M
YoY Change 7.61%
Interest Expense $5.675M $0.00
YoY Change -1432.16% -100.0%
% of Operating Profit
Other Income/Expense, Net -$2.675M $2.490M
YoY Change -547.32% 1275.69%
Pretax Income -$28.89M -$25.77M
YoY Change -0.88% -1.19%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$28.89M -$25.77M
YoY Change -0.88% -1.19%
Net Earnings / Revenue -690.39% -388.44%
Basic Earnings Per Share -$0.62
Diluted Earnings Per Share -$0.69 -$0.62
COMMON SHARES
Basic Shares Outstanding 41.80M shares 41.67M shares
Diluted Shares Outstanding 41.67M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $345.8M $373.5M
YoY Change 124.12% 209.08%
Cash & Equivalents $52.21M $87.60M
Short-Term Investments $293.6M $285.9M
Other Short-Term Assets $5.601M $4.262M
YoY Change 6.22% 37.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $351.4M $377.8M
YoY Change -23.54% 204.76%
LONG-TERM ASSETS
Property, Plant & Equipment $49.40M $52.10M
YoY Change -11.92% -10.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.379M $2.368M
YoY Change -0.88% -2.59%
Total Long-Term Assets $53.48M $56.17M
YoY Change -11.17% -9.57%
TOTAL ASSETS
Total Short-Term Assets $351.4M $377.8M
Total Long-Term Assets $53.48M $56.17M
Total Assets $404.9M $433.9M
YoY Change -22.1% 133.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.414M $5.257M
YoY Change 41.76% 37.58%
Accrued Expenses $11.00M $10.12M
YoY Change 15.05% -28.16%
Deferred Revenue $32.82M $33.16M
YoY Change 15.9% 2494.76%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $55.21M $55.21M
YoY Change 13.38% 186.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $29.00K $58.00K
YoY Change -79.72% -66.08%
Total Long-Term Liabilities $29.00K $58.00K
YoY Change -79.72% -99.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.21M $55.21M
Total Long-Term Liabilities $29.00K $58.00K
Total Liabilities $404.8M $409.6M
YoY Change -4.29% 289.78%
SHAREHOLDERS EQUITY
Retained Earnings -$373.1M -$344.3M
YoY Change 41.19% 46.45%
Common Stock $4.000K $4.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $112.0K $24.32M
YoY Change
Total Liabilities & Shareholders Equity $404.9M $433.9M
YoY Change -22.1% 133.21%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$28.89M -$25.77M
YoY Change -0.88% -1.19%
Depreciation, Depletion And Amortization $848.0K $900.0K
YoY Change 4.69% 12.5%
Cash From Operating Activities -$28.92M -$19.99M
YoY Change -343.43% -2.52%
INVESTING ACTIVITIES
Capital Expenditures $269.0K -$330.0K
YoY Change -436.25% 43.48%
Acquisitions
YoY Change
Other Investing Activities -$6.238M $46.38M
YoY Change -163.96% -198.48%
Cash From Investing Activities -$6.507M $46.05M
YoY Change -167.27% -197.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.00K 333.0K
YoY Change -99.93% -34.06%
NET CHANGE
Cash From Operating Activities -28.92M -19.99M
Cash From Investing Activities -6.507M 46.05M
Cash From Financing Activities 16.00K 333.0K
Net Change In Cash -35.42M 26.40M
YoY Change -181.8% -139.21%
FREE CASH FLOW
Cash From Operating Activities -$28.92M -$19.99M
Capital Expenditures $269.0K -$330.0K
Free Cash Flow -$29.19M -$19.66M
YoY Change -344.05% -3.04%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001822462
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-39634
dei Entity Registrant Name
EntityRegistrantName
Foghorn Therapeutics Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-5271393
dei Entity Address Address Line1
EntityAddressAddressLine1
500 Technology Square, Ste 700
dei Entity Address City Or Town
EntityAddressCityOrTown
Cambridge
dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
02139
dei City Area Code
CityAreaCode
617
dei Local Phone Number
LocalPhoneNumber
586-3100
dei Security12b Title
Security12bTitle
Common Stock, $0.0001 par value per share
dei Trading Symbol
TradingSymbol
FHTX
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
41801928 shares
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
87604000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
101136000 usd
CY2022Q3 us-gaap Marketable Securities
MarketableSecurities
285894000 usd
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
53153000 usd
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
25000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
CY2022Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
300000000 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4237000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5273000 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
377760000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
459562000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
15940000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
17563000 usd
CY2022Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1708000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1733000 usd
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2368000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2400000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
36156000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
38516000 usd
CY2022Q3 us-gaap Assets
Assets
433932000 usd
CY2021Q4 us-gaap Assets
Assets
519774000 usd
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
5257000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3819000 usd
CY2022Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
10122000 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
9562000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6670000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6994000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33161000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
28317000 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
55210000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
48692000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
46499000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
51338000 usd
CY2022Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
307842000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
322730000 usd
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
58000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
143000 usd
CY2022Q3 us-gaap Liabilities
Liabilities
409609000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
422903000 usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
175000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
175000000 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
41799368 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
41799368 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
41299720 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
41299720 shares
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
4000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
4000 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
373435000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
361133000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4864000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-10000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-344252000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-264256000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
24323000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
96871000 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
433932000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
519774000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6634000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
41000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15044000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
606000 usd
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
26928000 usd
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20494000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
77410000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
57862000 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7965000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15396000 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5808000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22885000 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
34893000 usd
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
26302000 usd
us-gaap Operating Expenses
OperatingExpenses
100295000 usd
us-gaap Operating Expenses
OperatingExpenses
73258000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-28259000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-26261000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-85251000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-72652000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
0 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
499000 usd
us-gaap Interest Expense
InterestExpense
0 usd
us-gaap Interest Expense
InterestExpense
1480000 usd
CY2022Q3 fhtx Interest Income And Other Income Expense
InterestIncomeAndOtherIncomeExpense
2490000 usd
CY2021Q3 fhtx Interest Income And Other Income Expense
InterestIncomeAndOtherIncomeExpense
680000 usd
fhtx Interest Income And Other Income Expense
InterestIncomeAndOtherIncomeExpense
5255000 usd
fhtx Interest Income And Other Income Expense
InterestIncomeAndOtherIncomeExpense
1955000 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2490000 usd
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
181000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5255000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
475000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-25769000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-26080000 usd
us-gaap Net Income Loss
NetIncomeLoss
-79996000 usd
us-gaap Net Income Loss
NetIncomeLoss
-72177000 usd
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.62
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.62
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.71
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.93
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.93
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.96
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.96
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41672621 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41672621 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36971767 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36971767 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41520498 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41520498 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36879392 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36879392 shares
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-25769000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-26080000 usd
us-gaap Net Income Loss
NetIncomeLoss
-79996000 usd
us-gaap Net Income Loss
NetIncomeLoss
-72177000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1675000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-3000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-4854000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-6000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1675000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4854000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-27444000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-26083000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-84850000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-72183000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
96871000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
384000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3244000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1184000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-26914000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3509000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1995000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
72401000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1030000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-27313000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2500000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2400000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
47632000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
334000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3801000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1675000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-25769000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
24323000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
146187000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
62000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1888000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
13000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-22986000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
125164000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
111000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2042000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-16000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-23111000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
104190000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
505000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2370000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-3000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-26080000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
80982000 usd
us-gaap Net Income Loss
NetIncomeLoss
-79996000 usd
us-gaap Net Income Loss
NetIncomeLoss
-72177000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10555000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6300000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2473000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2417000 usd
fhtx Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
2510000 usd
fhtx Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
3198000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
0 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
260000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
721000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-82000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1068000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-316000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-300000000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
0 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1457000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
156000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
547000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
253000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-5313000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2331000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-10044000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-606000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
222536000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-62132000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
941000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3233000 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
365006000 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
89737000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
128132000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
119470000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-237815000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
26500000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1747000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
678000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1747000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
678000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13532000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-34954000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102869000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94528000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
89337000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59574000 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Interest Paid Net
InterestPaidNet
1218000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
204000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
87604000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
57841000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
1733000 usd
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
1733000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
89337000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59574000 usd
CY2020Q3 fhtx Proceeds From Upfront Payment
ProceedsFromUpfrontPayment
15000000 usd
us-gaap Net Income Loss
NetIncomeLoss
-80000000 usd
us-gaap Net Income Loss
NetIncomeLoss
-72200000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-344300000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
10000 usd
CY2022Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
290758000 usd
CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1000 usd
CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4865000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
285894000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
53163000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
53153000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
23743000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
22893000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
7803000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
5330000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
15940000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
17563000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
900000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
800000 usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4262000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5596000 usd
CY2022Q3 fhtx Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
4780000 usd
CY2021Q4 fhtx Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
3079000 usd
CY2022Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
756000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
495000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
324000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
392000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10122000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9562000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6300000 usd
CY2022Q3 fhtx Common Stock Voting Rights Votes
CommonStockVotingRightsVotes
1 vote
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7878693 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6248423 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
780891 shares
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
3802000 usd
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2370000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10555000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
37600000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y9M18D
CY2020Q3 fhtx Proceeds From Upfront Payment
ProceedsFromUpfrontPayment
15000000 usd
CY2020Q3 fhtx Proceeds From Upfront Payment
ProceedsFromUpfrontPayment
15000000 usd

Files In Submission

Name View Source Status
fhtx-20220930_cal.xml Edgar Link unprocessable
0001628280-22-028930-index-headers.html Edgar Link pending
0001628280-22-028930-index.html Edgar Link pending
0001628280-22-028930.txt Edgar Link pending
0001628280-22-028930-xbrl.zip Edgar Link pending
fhtx-20220930.htm Edgar Link pending
fhtx-20220930.xsd Edgar Link pending
fhtx-20220930xex311.htm Edgar Link pending
fhtx-20220930xex312.htm Edgar Link pending
fhtx-20220930xex321.htm Edgar Link pending
fhtx-20220930xex322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
fhtx-20220930_def.xml Edgar Link unprocessable
fhtx-20220930_lab.xml Edgar Link unprocessable
fhtx-20220930_pre.xml Edgar Link unprocessable
fhtx-20220930_htm.xml Edgar Link completed
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending