2024 Q2 Form 10-Q Financial Statement

#000162828024020455 Filed on May 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $6.888M $5.050M
YoY Change 23.02% -4.88%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.325M $7.710M
YoY Change -12.81% -10.77%
% of Gross Profit
Research & Development $23.80M $25.53M
YoY Change -18.64% -14.84%
% of Gross Profit
Depreciation & Amortization $800.0K $800.0K
YoY Change -8.68% -11.11%
% of Gross Profit
Operating Expenses $33.52M $33.24M
YoY Change -10.97% -13.93%
Operating Profit -$26.63M -$28.19M
YoY Change -16.9% -15.38%
Interest Expense $2.870M $2.439M
YoY Change 2.76% -8.62%
% of Operating Profit
Other Income/Expense, Net $3.653M $3.178M
YoY Change 413.06% -6.23%
Pretax Income -$22.98M -$25.02M
YoY Change -19.5% -16.41%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$22.98M -$25.00M
YoY Change -22.07% -18.03%
Net Earnings / Revenue -333.61% -495.05%
Basic Earnings Per Share -$0.45 -$0.59
Diluted Earnings Per Share -$0.45 -$0.59
COMMON SHARES
Basic Shares Outstanding 42.59M shares 42.57M shares
Diluted Shares Outstanding 51.58M shares 42.43M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $285.2M $206.7M
YoY Change 0.3% -34.59%
Cash & Equivalents $138.9M $79.25M
Short-Term Investments $146.2M $127.4M
Other Short-Term Assets $4.444M $4.859M
YoY Change -28.1% 2.75%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $289.6M $211.5M
YoY Change -0.3% -34.04%
LONG-TERM ASSETS
Property, Plant & Equipment $36.26M $40.72M
YoY Change -21.53% -15.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.001M $1.052M
YoY Change -65.26% -55.5%
Total Long-Term Assets $38.96M $43.48M
YoY Change -20.62% -16.67%
TOTAL ASSETS
Total Short-Term Assets $289.6M $211.5M
Total Long-Term Assets $38.96M $43.48M
Total Assets $328.6M $255.0M
YoY Change -3.24% -31.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.813M $5.631M
YoY Change -30.58% -22.74%
Accrued Expenses $6.452M $6.265M
YoY Change -58.94% -29.06%
Deferred Revenue $31.23M $31.50M
YoY Change -7.86% -5.49%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $50.87M $52.07M
YoY Change -10.18% -6.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $292.0M $300.4M
YoY Change -12.11%
Total Long-Term Liabilities $292.0M $300.4M
YoY Change -12.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.87M $52.07M
Total Long-Term Liabilities $292.0M $300.4M
Total Liabilities $342.9M $352.5M
YoY Change -11.83% -11.32%
SHAREHOLDERS EQUITY
Retained Earnings -$519.6M -$496.6M
YoY Change 19.97% 23.04%
Common Stock $6.000K $4.000K
YoY Change 50.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$14.32M -$97.49M
YoY Change
Total Liabilities & Shareholders Equity $328.6M $255.0M
YoY Change -3.24% -31.61%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$22.98M -$25.00M
YoY Change -22.07% -18.03%
Depreciation, Depletion And Amortization $800.0K $800.0K
YoY Change -8.68% -11.11%
Cash From Operating Activities -$25.54M -$29.35M
YoY Change -20.63% -5.89%
INVESTING ACTIVITIES
Capital Expenditures $17.00K $101.0K
YoY Change -96.38% -84.12%
Acquisitions
YoY Change
Other Investing Activities -$17.96M $27.20M
YoY Change -145.35% -9.77%
Cash From Investing Activities -$17.98M $27.10M
YoY Change -145.93% -8.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 103.2M $1.167M
YoY Change 100100.0% 1044.12%
NET CHANGE
Cash From Operating Activities -25.54M -$29.35M
Cash From Investing Activities -17.98M $27.10M
Cash From Financing Activities 103.2M $1.167M
Net Change In Cash 59.69M -$1.083M
YoY Change 745.28% -31.15%
FREE CASH FLOW
Cash From Operating Activities -$25.54M -$29.35M
Capital Expenditures $17.00K $101.0K
Free Cash Flow -$25.55M -$29.45M
YoY Change -21.72% -7.45%

Facts In Submission

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IncreaseDecreaseInOperatingLeaseRightOfUseAsset
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IncreaseDecreaseInOperatingLeaseRightOfUseAsset
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CY2023Q1 us-gaap Proceeds From Stock Options Exercised
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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24997000 usd
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24973000 usd
CY2024Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
12810000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
12017000 usd
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PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
12187000 usd
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12956000 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2024Q1 fhtx Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
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AccruedResearchAndDevelopmentExpenses
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CY2024Q1 us-gaap Employee Related Liabilities Current
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CY2024Q1 us-gaap Accrued Income Taxes
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CY2024Q1 us-gaap Accrued Professional Fees Current
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CY2024Q1 us-gaap Accrued Liabilities Current
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9108000 usd
CY2024Q1 fhtx Common Stock Voting Rights Votes
CommonStockVotingRightsVotes
1 vote
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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9616164 shares
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
23300000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2023Q4 fhtx Accrued Research And Development Expenses
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3646000 usd
CY2024Q1 us-gaap Accrued Income Taxes
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9108000 usd
CY2024Q1 fhtx Common Stock Voting Rights Votes
CommonStockVotingRightsVotes
1 vote
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9616164 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1566120 shares
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3224000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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23300000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2024Q1 fhtx Common Stock Voting Rights Votes
CommonStockVotingRightsVotes
1 vote
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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9616164 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1566120 shares
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3224000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4572000 usd
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EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
23300000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
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CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
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CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
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false

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