2024 Q4 Form 10-Q Financial Statement

#000117887924000013 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $141.5M
YoY Change 36.73%
Cost Of Revenue $13.28M
YoY Change 33.51%
Gross Profit $128.2M
YoY Change 37.07%
Gross Profit Margin 90.62%
Selling, General & Admin $75.11M
YoY Change 14.4%
% of Gross Profit 58.57%
Research & Development $26.16M
YoY Change -35.73%
% of Gross Profit 20.4%
Depreciation & Amortization $2.170M
YoY Change -2.6%
% of Gross Profit 1.69%
Operating Expenses $106.6M
YoY Change -3.62%
Operating Profit $21.66M
YoY Change -227.23%
Interest Expense -$11.61M
YoY Change -189.41%
% of Operating Profit -53.61%
Other Income/Expense, Net -$3.263M
YoY Change -185.13%
Pretax Income $6.785M
YoY Change -127.46%
Income Tax $13.51M
% Of Pretax Income 199.17%
Net Earnings -$6.729M
YoY Change -68.81%
Net Earnings / Revenue -4.75%
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share -$0.02
COMMON SHARES
Basic Shares Outstanding 298.8M shares 296.6M shares
Diluted Shares Outstanding 304.7M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $249.8M
YoY Change -10.9%
Cash & Equivalents $233.6M
Short-Term Investments $16.11M
Other Short-Term Assets $35.31M
YoY Change -33.01%
Inventory $115.3M
Prepaid Expenses
Receivables $98.07M
Other Receivables $0.00
Total Short-Term Assets $498.5M
YoY Change 7.6%
LONG-TERM ASSETS
Property, Plant & Equipment $30.44M
YoY Change -2.04%
Goodwill $197.8M
YoY Change 0.0%
Intangibles $18.03M
YoY Change -15.44%
Long-Term Investments
YoY Change
Other Assets $18.68M
YoY Change -11.6%
Total Long-Term Assets $288.1M
YoY Change -4.24%
TOTAL ASSETS
Total Short-Term Assets $498.5M
Total Long-Term Assets $288.1M
Total Assets $786.6M
YoY Change 2.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.48M
YoY Change -41.78%
Accrued Expenses $144.7M
YoY Change -1.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $158.1M
YoY Change -6.68%
LONG-TERM LIABILITIES
Long-Term Debt $389.5M
YoY Change -1.17%
Other Long-Term Liabilities $13.48M
YoY Change 50.38%
Total Long-Term Liabilities $13.48M
YoY Change 50.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $158.1M
Total Long-Term Liabilities $13.48M
Total Liabilities $607.7M
YoY Change -3.66%
SHAREHOLDERS EQUITY
Retained Earnings -$2.800B
YoY Change 3.7%
Common Stock $2.909B
YoY Change 4.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $178.8M
YoY Change
Total Liabilities & Shareholders Equity $786.6M
YoY Change 2.94%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$6.729M
YoY Change -68.81%
Depreciation, Depletion And Amortization $2.170M
YoY Change -2.6%
Cash From Operating Activities -$22.97M
YoY Change -40.1%
INVESTING ACTIVITIES
Capital Expenditures $356.0K
YoY Change -77.32%
Acquisitions
YoY Change
Other Investing Activities $34.63M
YoY Change -7.24%
Cash From Investing Activities $34.27M
YoY Change -4.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 18.19M
YoY Change -51.65%
NET CHANGE
Cash From Operating Activities -22.97M
Cash From Investing Activities 34.27M
Cash From Financing Activities 18.19M
Net Change In Cash 29.49M
YoY Change -15.81%
FREE CASH FLOW
Cash From Operating Activities -$22.97M
Capital Expenditures $356.0K
Free Cash Flow -$23.33M
YoY Change -41.57%

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dei Entity Address City Or Town
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dei Entity Address State Or Province
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us-gaap Share Based Compensation
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us-gaap Amortization Of Debt Discount Premium
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CY2024Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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StockholdersEquity
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us-gaap Stock Issued During Period Value New Issues
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<div style="margin-bottom:12pt;margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:12pt;margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's financial instruments that are exposed to concentration of credit risk consist primarily of cash, cash equivalents, marketable securities, and accounts receivable. </span></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains its cash and cash equivalents in bank accounts, which, at times, exceed federally insured limits. The Company invests its marketable securities in high-quality commercial financial instruments. The Company has not recognized any losses from credit risks on such accounts during any of the periods presented. The Company believes it is not exposed to significant credit risk on its cash, cash equivalents, or marketable securities.</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's accounts receivable at September 30, 2024 have primarily arisen from Galafold</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span> sales in Europe, the U.S., and Japan. The Company periodically assesses the financial strength of its customers to establish allowances for anticipated losses, if any. For accounts receivable that have arisen from named patient sales, the payment terms are predetermined, and the Company evaluates the creditworthiness of each customer on a regular basis.
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286190000 usd
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CashCashEquivalentsAndAvailableforsaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4000 usd
CY2023Q4 fold Cash Cash Equivalents And Availableforsale Debt Securities Fair Value Disclosure
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us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
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us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
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CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2952000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
236820000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
266272000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
30230000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
22597000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6869000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
59696000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
500000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
387858000 usd
CY2024Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
12106000 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
36021000 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
35289000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1187000 usd
fold Amortization Deferred Financing Costs
AmortizationDeferredFinancingCosts
893000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
23002000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.69
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
4693000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
13.69
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
791000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.74
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
548000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
12.74
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
217000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
14.58
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
26139000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.12
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13600000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
24610000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
12.09
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y10M24D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
13500000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
17092000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
11.75
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y8M12D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
13000000.0 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18688000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16511000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
65688000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
67982000 usd
CY2024Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
23881000 usd
CY2024Q3 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
7822000 usd
CY2024Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
7822000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
46686000 usd
CY2023Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
7531000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
7531000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-6729000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-21577000 usd
us-gaap Net Income Loss
NetIncomeLoss
-70845000 usd
us-gaap Net Income Loss
NetIncomeLoss
-117741000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
304690596 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
303792479 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
303792479 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
293314167 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
293314167 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
35592000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33587000 shares
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

Files In Submission

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FilingSummary.xml Edgar Link unprocessable
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0001178879-24-000013-index.html Edgar Link pending
0001178879-24-000013.txt Edgar Link pending
0001178879-24-000013-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
fold-09302024xex311.htm Edgar Link pending
fold-09302024xex312.htm Edgar Link pending
fold-09302024xex321.htm Edgar Link pending
fold-20240930.htm Edgar Link pending
fold-20240930.xsd Edgar Link pending
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fold-20240930_def.xml Edgar Link unprocessable
fold-20240930_lab.xml Edgar Link unprocessable
fold-20240930_htm.xml Edgar Link completed
fold-20240930_pre.xml Edgar Link unprocessable
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