$FNCH
Finch Therapeutics Group, Inc.

2022 Q3 Form 10-Q Financial Statement

#000095017022016637 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $138.0K $361.0K $354.0K
YoY Change -98.78% -87.24% -90.04%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $9.584M $8.164M $9.404M
YoY Change 67.0% 38.8% 106.68%
% of Gross Profit
Research & Development $11.86M $13.92M $15.53M
YoY Change -23.67% -0.29% 19.69%
% of Gross Profit
Depreciation & Amortization $1.405M $1.363M $1.331M
YoY Change 120.22% 121.63% 261.68%
% of Gross Profit
Operating Expenses $40.77M $22.99M $24.93M
YoY Change 91.62% 15.84% 42.26%
Operating Profit -$40.63M -$22.63M -$24.58M
YoY Change 309.06% 32.99% 75.9%
Interest Expense $45.00K -$65.00K $13.00K
YoY Change 462.5% -1028.57%
% of Operating Profit
Other Income/Expense, Net $261.0K -$71.00K $13.00K
YoY Change -1286.36% -103.84% -285.71%
Pretax Income -$40.37M -$22.70M -$24.57M
YoY Change 305.53% 49.65% 75.72%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$40.37M -$22.70M -$24.57M
YoY Change 305.53% 49.65% 75.72%
Net Earnings / Revenue -29254.35% -6288.09% -6939.83%
Basic Earnings Per Share -$0.85 -$14.31 -$0.52
Diluted Earnings Per Share -$0.85 -$477.1K -$516.9K
COMMON SHARES
Basic Shares Outstanding 47.69M 47.56M 47.53M
Diluted Shares Outstanding 47.73M 1.586M 47.53M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $85.29M $104.7M $106.9M
YoY Change -42.83% -37.75% -44.6%
Cash & Equivalents $85.30M $104.7M $106.9M
Short-Term Investments
Other Short-Term Assets $5.324M $5.698M $15.55M
YoY Change 16.55% -13.89% 418.2%
Inventory
Prepaid Expenses
Receivables $0.00 $174.0K $200.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $90.62M $110.5M $122.6M
YoY Change -41.97% -37.55% -38.16%
LONG-TERM ASSETS
Property, Plant & Equipment $17.28M $18.45M $19.41M
YoY Change -11.59% 0.64% 18.06%
Goodwill $0.00 $18.06M $18.06M
YoY Change -100.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.249M $4.597M $4.542M
YoY Change 5.15% 13.76% 2002.78%
Total Long-Term Assets $97.35M $117.8M $81.98M
YoY Change 26.74% 60.59% 21.26%
TOTAL ASSETS
Total Short-Term Assets $90.62M $110.5M $122.6M
Total Long-Term Assets $97.35M $117.8M $81.98M
Total Assets $188.0M $228.3M $204.6M
YoY Change -19.32% -8.8% -23.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.060M $1.013M $4.765M
YoY Change -23.3% -41.07% 22.87%
Accrued Expenses $12.75M $14.17M $12.02M
YoY Change 70.68% 171.35% 155.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.81M $15.18M $16.79M
YoY Change 56.0% 59.42% 45.94%
LONG-TERM LIABILITIES
Long-Term Debt $14.64M $14.62M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $125.0K $80.00K $0.00
YoY Change -28.16% -58.12% -100.0%
Total Long-Term Liabilities $14.76M $14.70M $0.00
YoY Change 8383.33% 7596.34% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.81M $15.18M $16.79M
Total Long-Term Liabilities $14.76M $14.70M $0.00
Total Liabilities $67.10M $69.21M $24.84M
YoY Change 409.2% 212.67% -6.24%
SHAREHOLDERS EQUITY
Retained Earnings -$248.6M -$208.3M -$185.6M
YoY Change 75.17% 57.79% 58.85%
Common Stock $369.5M $367.4M $365.4M
YoY Change 2.14% 1.99% 2.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $120.9M $159.1M $179.8M
YoY Change
Total Liabilities & Shareholders Equity $188.0M $228.3M $204.6M
YoY Change -19.32% -8.8% -23.06%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$40.37M -$22.70M -$24.57M
YoY Change 305.53% 49.65% 75.72%
Depreciation, Depletion And Amortization $1.405M $1.363M $1.331M
YoY Change 120.22% 121.63% 261.68%
Cash From Operating Activities -$19.09M -$15.84M -$25.65M
YoY Change 33.06% -33.41% 68.57%
INVESTING ACTIVITIES
Capital Expenditures -$328.0K -$894.0K $909.0K
YoY Change -86.13% -67.92% -89.71%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$328.0K -$894.0K -$909.0K
YoY Change -86.13% -67.31% -89.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 41.00K 14.77M 5.000K
YoY Change -8.89% 809.23% -100.0%
NET CHANGE
Cash From Operating Activities -19.09M -15.84M -25.65M
Cash From Investing Activities -328.0K -894.0K -909.0K
Cash From Financing Activities 41.00K 14.77M 5.000K
Net Change In Cash -19.38M -1.958M -26.55M
YoY Change 16.27% -92.14% -128.45%
FREE CASH FLOW
Cash From Operating Activities -$19.09M -$15.84M -$25.65M
Capital Expenditures -$328.0K -$894.0K $909.0K
Free Cash Flow -$18.77M -$14.94M -$26.56M
YoY Change 56.57% -28.83% 10.42%

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1830000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-22700000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
159092000
us-gaap Profit Loss
ProfitLoss
-47267000
us-gaap Profit Loss
ProfitLoss
-29150000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2694000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
985000
us-gaap Share Based Compensation
ShareBasedCompensation
3950000
us-gaap Share Based Compensation
ShareBasedCompensation
1240000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1808000
fnch Non Cash Interest Expense
NonCashInterestExpense
44000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-6000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
28000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
959000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
440000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-320000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1211000
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
0
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-56000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4858000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1258000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-308000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
3824000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2431000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1467000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
50000
fnch Increase Decrease In Due To Related Parties Current Excluding Accounts Payable
IncreaseDecreaseInDueToRelatedPartiesCurrentExcludingAccountsPayable
0
fnch Increase Decrease In Due To Related Parties Current Excluding Accounts Payable
IncreaseDecreaseInDueToRelatedPartiesCurrentExcludingAccountsPayable
-258000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2821000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
5246000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-484000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-41485000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-38997000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1803000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11617000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
62000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1803000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11555000
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
118575000
fnch Proceeds From Underwriters Exercise Of Overallotment Option Net Of Underwriting Discounts And Commissions And Initial Public Offering Costs
ProceedsFromUnderwritersExerciseOfOverallotmentOptionNetOfUnderwritingDiscountsAndCommissionsAndInitialPublicOfferingCosts
0
fnch Proceeds From Underwriters Exercise Of Overallotment Option Net Of Underwriting Discounts And Commissions And Initial Public Offering Costs
ProceedsFromUnderwritersExerciseOfOverallotmentOptionNetOfUnderwritingDiscountsAndCommissionsAndInitialPublicOfferingCosts
3049000
fnch Principal Payments On Capital Lease Obligation
PrincipalPaymentsOnCapitalLeaseObligation
11000
fnch Principal Payments On Capital Lease Obligation
PrincipalPaymentsOnCapitalLeaseObligation
21000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
185000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
51000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
14738000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
132000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2659000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14780000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
118995000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-28508000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
68443000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
135965000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
99909000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
107457000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
168352000
us-gaap Interest Paid Net
InterestPaidNet
73000
us-gaap Interest Paid Net
InterestPaidNet
5000
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
4606000
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
704000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
88000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
724000
us-gaap Stock Issued1
StockIssued1
0
us-gaap Stock Issued1
StockIssued1
233053000
fnch Operating Right Of Use Assets Obtained In Exchange For New Operating Leases Upon Adoption Of Asc842
OperatingRightOfUseAssetsObtainedInExchangeForNewOperatingLeasesUponAdoptionOfAsc842
0
fnch Operating Right Of Use Assets Obtained In Exchange For New Operating Leases Upon Adoption Of Asc842
OperatingRightOfUseAssetsObtainedInExchangeForNewOperatingLeasesUponAdoptionOfAsc842
5965000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
37094000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
fnch Prepaid Rent Reclassified To Right Of Use Assets
PrepaidRentReclassifiedToRightOfUseAssets
7736000
fnch Prepaid Rent Reclassified To Right Of Use Assets
PrepaidRentReclassifiedToRightOfUseAssets
0
fnch Forgiveness Of Ppp Loan
ForgivenessOfPppLoan
0
fnch Forgiveness Of Ppp Loan
ForgivenessOfPppLoan
1808000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
104673000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
168136000
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2784000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
216000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
107457000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
168352000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
104700000
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2022Q2 fnch Transfers Between Fair Value Levels
TransfersBetweenFairValueLevels
0
CY2021Q4 fnch Transfers Between Fair Value Levels
TransfersBetweenFairValueLevels
0
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
25362000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23861000
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6917000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4226000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18445000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19635000
us-gaap Depreciation
Depreciation
2700000
us-gaap Depreciation
Depreciation
1000000.0
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5800000
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
900000
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5900000
CY2022Q2 fnch Derecognition Of Deferred Rent Liabilities
DerecognitionOfDeferredRentLiabilities
800000
CY2022Q2 fnch Unamortization Of Lease Incentives
UnamortizationOfLeaseIncentives
200000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5500000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1100000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5500000
CY2021Q2 fnch Derecognition Of Deferred Rent Liabilities
DerecognitionOfDeferredRentLiabilities
700000
CY2021Q2 fnch Unamortization Of Lease Incentives
UnamortizationOfLeaseIncentives
100000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
400000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-500000
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
700000
fnch Operating Right Of Use Assets Obtained In Exchange For New Operating Leases Upon Adoption Of Asc842
OperatingRightOfUseAssetsObtainedInExchangeForNewOperatingLeasesUponAdoptionOfAsc842
6000000.0
CY2015Q4 fnch Lessee Operating Lease Leases Area
LesseeOperatingLeaseLeasesArea
25785
CY2021Q1 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The lease term is from March 2021 through February 2023
CY2022Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P2Y
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
41189000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5053000
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
10000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
22000
CY2022Q2 fnch Lease Assets
LeaseAssets
41199000
CY2021Q4 fnch Lease Assets
LeaseAssets
5075000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4755000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1128000
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
16000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
19000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
35865000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4887000
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7000
CY2022Q2 fnch Lease Liabilities
LeaseLiabilities
40636000
CY2021Q4 fnch Lease Liabilities
LeaseLiabilities
6041000
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2000
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
13000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
11000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
21000
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1311000
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
370000
us-gaap Operating Lease Cost
OperatingLeaseCost
1650000
us-gaap Operating Lease Cost
OperatingLeaseCost
687000
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
31000
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
9000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
139000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
14000
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
469000
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
72000
us-gaap Variable Lease Cost
VariableLeaseCost
964000
us-gaap Variable Lease Cost
VariableLeaseCost
140000
CY2022Q2 us-gaap Sublease Income
SubleaseIncome
0
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
13000
us-gaap Sublease Income
SubleaseIncome
0
us-gaap Sublease Income
SubleaseIncome
70000
CY2022Q2 us-gaap Lease Cost
LeaseCost
1814000
CY2021Q2 us-gaap Lease Cost
LeaseCost
453000
us-gaap Lease Cost
LeaseCost
2767000
us-gaap Lease Cost
LeaseCost
797000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y9M18D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y2M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.083
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.067
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.306
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.306
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
5246000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-484000
fnch Principal Payments On Capital Lease Obligation
PrincipalPaymentsOnCapitalLeaseObligation
11000
fnch Principal Payments On Capital Lease Obligation
PrincipalPaymentsOnCapitalLeaseObligation
21000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
4761000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
12000
CY2022Q2 fnch Operating And Finance Lease Obligation Future Minimum Payments Due Current
OperatingAndFinanceLeaseObligationFutureMinimumPaymentsDueCurrent
4773000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
6103000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
6000
CY2022Q2 fnch Operating And Finance Lease Obligation Future Minimum Payments Due In Two Years
OperatingAndFinanceLeaseObligationFutureMinimumPaymentsDueInTwoYears
6109000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
6255000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
0
CY2022Q2 fnch Operating And Finance Lease Obligation Future Minimum Payments Due In Three Years
OperatingAndFinanceLeaseObligationFutureMinimumPaymentsDueInThreeYears
6255000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
6427000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
0
CY2022Q2 fnch Operating And Finance Lease Obligation Future Minimum Payments Due In Four Years
OperatingAndFinanceLeaseObligationFutureMinimumPaymentsDueInFourYears
6427000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
6187000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
0
CY2022Q2 fnch Operating And Finance Lease Obligation Future Minimum Payments Due In Five Years
OperatingAndFinanceLeaseObligationFutureMinimumPaymentsDueInFiveYears
6187000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
27605000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
0
CY2022Q2 fnch Operating And Finance Lease Obligation Future Minimum Payments Due Thereafter
OperatingAndFinanceLeaseObligationFutureMinimumPaymentsDueThereafter
27605000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
57338000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
18000
CY2022Q2 fnch Operating And Finance Lease Obligation Future Minimum Payments Due
OperatingAndFinanceLeaseObligationFutureMinimumPaymentsDue
57356000
CY2022Q2 fnch Interest Portion Of Operating Leases Future Minimum Payments Due
InterestPortionOfOperatingLeasesFutureMinimumPaymentsDue
-16718000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
2000
CY2022Q2 fnch Operating And Finance Lease Obligation Future Minimum Payments Interest Included In Payments
OperatingAndFinanceLeaseObligationFutureMinimumPaymentsInterestIncludedInPayments
-16720000
CY2022Q2 fnch Present Value Of Future Minimum Lease Payments
PresentValueOfFutureMinimumLeasePayments
40620000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
16000
CY2022Q2 fnch Operating And Finance Lease Obligation Future Minimum Payments Present Value Of Net Minimum Payments
OperatingAndFinanceLeaseObligationFutureMinimumPaymentsPresentValueOfNetMinimumPayments
40636000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
7210000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
7216000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
15000000
CY2022Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
5111174
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3309965
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
500000
CY2022Q2 fnch Accrued Research And Development
AccruedResearchAndDevelopment
1316000
CY2021Q4 fnch Accrued Research And Development
AccruedResearchAndDevelopment
1345000
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3202000
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1117000
CY2022Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
3352000
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
4401000
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1545000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3062000
CY2022Q2 fnch Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
9415000
CY2021Q4 fnch Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
9925000
CY2022Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
574000
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
900000
us-gaap Restructuring Charges
RestructuringCharges
900000
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
us-gaap Common Stock Voting Rights
CommonStockVotingRights
Each share of common stock entitles the holder to one vote
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
54755
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1830000
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
905000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3950000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1240000
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
400000
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
400000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-22700000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-15169000
us-gaap Net Income Loss
NetIncomeLoss
-47267000
us-gaap Net Income Loss
NetIncomeLoss
-29150000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22700000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15169000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-47267000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-29150000
CY2022Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
47576349
CY2021Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
47379887
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
47552780
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
30798698
CY2022Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.48
CY2021Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.32
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.99
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.95
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5111174
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2984610

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