2015 Q4 Form 10-K Financial Statement

#000115903616000100 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q1
Revenue $39.00M $31.85M $42.50M
YoY Change 28.4% 118.08% 255.16%
Cost Of Revenue $8.400M $6.180M $6.494M
YoY Change 37.7% 20.21% 17.64%
Gross Profit $5.420M $4.197M $5.178M
YoY Change 35.6% -6.23% 69.88%
Gross Profit Margin 13.9% 13.18% 12.18%
Selling, General & Admin $10.60M $10.23M $9.399M
YoY Change 26.19% 19.09% -8.3%
% of Gross Profit 195.57% 243.65% 181.52%
Research & Development $27.70M $27.61M $16.68M
YoY Change 40.61% 38.72% -22.09%
% of Gross Profit 511.07% 657.87% 322.21%
Depreciation & Amortization $500.0K $400.0K $421.0K
YoY Change 0.0% -20.0% 6.05%
% of Gross Profit 9.23% 9.53% 8.13%
Operating Expenses $38.40M $37.84M $26.08M
YoY Change 36.65% 32.8% -17.63%
Operating Profit -$32.98M -$23.24M -$13.91M
YoY Change 36.83% 22.13% -44.84%
Interest Expense -$1.100M $1.301M $1.299M
YoY Change -21.43% -5.45% -5.6%
% of Operating Profit
Other Income/Expense, Net $78.00K $102.0K
YoY Change -36.07% 117.02%
Pretax Income $4.300M -$24.46M -$15.10M
YoY Change -181.13% 20.49% -43.02%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$27.39M -$28.95M -$19.82M
YoY Change 419.26% 42.73% -25.36%
Net Earnings / Revenue -70.22% -90.87% -46.63%
Basic Earnings Per Share $0.03 -$0.19 -$0.12
Diluted Earnings Per Share $0.03 -$0.19 -$0.12
COMMON SHARES
Basic Shares Outstanding 127.2M shares 126.9M shares 125.3M shares
Diluted Shares Outstanding 129.2M shares 126.9M shares 125.3M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $108.3M $123.7M $128.5M
YoY Change -20.13% -8.03% -21.88%
Cash & Equivalents $43.29M $71.51M $44.29M
Short-Term Investments $65.00M $52.20M $84.20M
Other Short-Term Assets $21.50M $9.900M $9.600M
YoY Change 112.87% 11.24% 10.34%
Inventory $9.489M $11.10M $7.482M
Prepaid Expenses $16.16M
Receivables $32.41M $8.392M $7.725M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $171.8M $153.1M $153.3M
YoY Change 6.48% -3.47% -19.69%
LONG-TERM ASSETS
Property, Plant & Equipment $3.943M $2.686M $2.732M
YoY Change 33.62% -17.33% -24.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.100M $3.000M $3.100M
YoY Change 258.82% 7.14% 0.0%
Total Long-Term Assets $10.02M $5.644M $5.796M
YoY Change 115.14% -6.34% -14.42%
TOTAL ASSETS
Total Short-Term Assets $171.8M $153.1M $153.3M
Total Long-Term Assets $10.02M $5.644M $5.796M
Total Assets $181.8M $158.7M $159.1M
YoY Change 9.53% -3.58% -19.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.499M $4.437M $3.299M
YoY Change 49.82% 2.19% -61.9%
Accrued Expenses $26.79M $18.93M $12.81M
YoY Change 91.91% 25.98% 4.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $21.86M $15.70M $3.730M
YoY Change 55.82% 55.16%
Total Short-Term Liabilities $62.46M $44.85M $26.21M
YoY Change 156.7% 29.65% -27.92%
LONG-TERM LIABILITIES
Long-Term Debt $27.97M $34.10M $46.00M
YoY Change -43.9% -14.32% -2.95%
Other Long-Term Liabilities $4.443M $3.746M $3.127M
YoY Change 40.29% 35.77% 33.46%
Total Long-Term Liabilities $32.41M $3.746M $3.127M
YoY Change -38.87% 35.77% 33.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.46M $44.85M $26.21M
Total Long-Term Liabilities $32.41M $3.746M $3.127M
Total Liabilities $94.87M $48.60M $29.34M
YoY Change 22.64% 30.11% -24.2%
SHAREHOLDERS EQUITY
Retained Earnings -$482.7M -$487.0M -$465.5M
YoY Change 7.16% 9.4% 13.93%
Common Stock $525.8M $518.8M $503.1M
YoY Change 6.9% 6.93% 5.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $43.00M $31.80M $37.55M
YoY Change
Total Liabilities & Shareholders Equity $181.8M $158.7M $159.1M
YoY Change 9.53% -3.58% -19.51%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q1
OPERATING ACTIVITIES
Net Income -$27.39M -$28.95M -$19.82M
YoY Change 419.26% 42.73% -25.36%
Depreciation, Depletion And Amortization $500.0K $400.0K $421.0K
YoY Change 0.0% -20.0% 6.05%
Cash From Operating Activities -$15.20M -$17.00M -$13.84M
YoY Change 1588.89% 28.79% -21.5%
INVESTING ACTIVITIES
Capital Expenditures -$1.700M -$300.0K $130.0K
YoY Change 466.67% 0.0% -68.37%
Acquisitions
YoY Change
Other Investing Activities -$13.20M $20.70M -$10.30M
YoY Change -196.35% 590.0% -75.93%
Cash From Investing Activities -$14.70M $20.20M -$10.42M
YoY Change -209.7% 648.15% -75.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.700M 500.0K $7.157M
YoY Change -32.0% -37.5% -93.5%
NET CHANGE
Cash From Operating Activities -15.20M -17.00M -$13.84M
Cash From Investing Activities -14.70M 20.20M -$10.42M
Cash From Financing Activities 1.700M 500.0K $7.157M
Net Change In Cash -28.20M 3.700M -$17.10M
YoY Change -288.0% -138.14% -134.75%
FREE CASH FLOW
Cash From Operating Activities -$15.20M -$17.00M -$13.84M
Capital Expenditures -$1.700M -$300.0K $130.0K
Free Cash Flow -$13.50M -$16.70M -$13.97M
YoY Change 2150.0% 29.46% -22.57%

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CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
700000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
700000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1227000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1762000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1677000 USD
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.74
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.22
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.13
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.16
CY2014Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2014 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.56
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.25
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5923000 USD
CY2015Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8636000 USD
CY2013 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
5500000 USD
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
7800000 USD
CY2015 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
14400000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2014Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2015Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-233000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-8000 USD
CY2014Q1 us-gaap Gross Profit
GrossProfit
3048000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
3570000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
4476000 USD
CY2014Q4 us-gaap Gross Profit
GrossProfit
3997000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
3366000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
4198000 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
4121000 USD
CY2015Q4 us-gaap Gross Profit
GrossProfit
5152000 USD
CY2015 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2014 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
200000 USD
CY2015 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2013 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
0 USD
CY2014 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
0 USD
CY2015 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
0 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
33525000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
16998000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3897000 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
0 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
12747000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
14945000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-28383000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-23247000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-10804000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
5219000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
540000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
6042000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1745000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1761000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5526000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
8616000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
5277000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
19606000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7888000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-816000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13866000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6606000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
52000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
23261000 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
9297000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1490000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1411000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3499000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
236000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3083000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1959000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
265000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
15774000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
100000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2013 us-gaap Interest Expense
InterestExpense
3274000 USD
CY2014 us-gaap Interest Expense
InterestExpense
5581000 USD
CY2015 us-gaap Interest Expense
InterestExpense
5201000 USD
CY2013 us-gaap Interest Expense Debt
InterestExpenseDebt
3300000 USD
CY2014 us-gaap Interest Expense Debt
InterestExpenseDebt
5600000 USD
CY2015 us-gaap Interest Expense Debt
InterestExpenseDebt
5200000 USD
CY2013 us-gaap Interest Paid
InterestPaid
3099000 USD
CY2014 us-gaap Interest Paid
InterestPaid
3460000 USD
CY2015 us-gaap Interest Paid
InterestPaid
3775000 USD
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
646000 USD
CY2015Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
331000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
6406000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
9489000 USD
CY2014Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
553000 USD
CY2015Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
677000 USD
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5207000 USD
CY2015Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
8481000 USD
CY2015Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
103642000 USD
CY2013 us-gaap Investment Income Net
InvestmentIncomeNet
229000 USD
CY2014 us-gaap Investment Income Net
InvestmentIncomeNet
242000 USD
CY2015 us-gaap Investment Income Net
InvestmentIncomeNet
422000 USD
CY2014Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
116919000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
27971000 USD
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
21862000 USD
CY2015Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
49833000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
165977000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
181789000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
24331000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
62457000 USD
CY2013 us-gaap License And Services Revenue
LicenseAndServicesRevenue
30327000 USD
CY2014 us-gaap License And Services Revenue
LicenseAndServicesRevenue
28086000 USD
CY2015 us-gaap License And Services Revenue
LicenseAndServicesRevenue
58000000 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
49860000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
25077000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
6501000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
27013000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
27971000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25064000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
114501000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13098000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-47869000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-32951000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5888000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-49339000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-47518000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-37083000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-83479000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-26548000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-16273000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-20280000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
-5274000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
-68375000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-15108000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
3019000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-24460000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
4318000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-32231000 USD
CY2015 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-80434000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
-63036000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-27452000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
6527000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2539000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
426000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
413000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1900000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2023000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4118000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
2000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
507000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2606000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
36000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1700000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1900000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
3200000 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
1535000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
530000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
17000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-58000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-58000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
17000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-58000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-58000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3167000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4443000 USD
CY2014Q4 us-gaap Other Prepaid Expense Current
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1094000 USD
CY2015Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1198000 USD
CY2015 us-gaap Other Restructuring Costs
OtherRestructuringCosts
0 USD
CY2015 us-gaap Payments For Restructuring
PaymentsForRestructuring
700000 USD
CY2013 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
48947000 USD
CY2014 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
88884000 USD
CY2015 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
71482000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2297000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1368000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2360000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
11348000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
27108000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10143000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
21534000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
1205000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
5574000 USD
CY2013 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
19985000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
32347000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
35942000 USD
CY2014 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
0 USD
CY2015 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
0 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
107700000 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
107713000 USD
CY2013 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
5079000 USD
CY2014 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
6788000 USD
CY2015 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
13098000 USD
CY2013 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
3375000 USD
CY2014 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
57301000 USD
CY2015 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
79730000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12170000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14261000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2951000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3943000 USD
CY2015 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
96640000 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
79696000 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
93236000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
500000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
500000 USD
CY2015 us-gaap Restructuring And Related Cost Description
RestructuringAndRelatedCostDescription
paid in full during the three months ended March 31, 2015
CY2015 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.13
CY2015Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
500000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-450427000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-482658000 USD
CY2013 us-gaap Revenues
Revenues
54799000 USD
CY2014Q1 us-gaap Revenues
Revenues
11966000 USD
CY2014Q2 us-gaap Revenues
Revenues
18385000 USD
CY2014Q3 us-gaap Revenues
Revenues
14606000 USD
CY2014Q4 us-gaap Revenues
Revenues
30377000 USD
CY2014 us-gaap Revenues
Revenues
75334000 USD
CY2015Q1 us-gaap Revenues
Revenues
18666000 USD
CY2015Q2 us-gaap Revenues
Revenues
43384000 USD
CY2015Q3 us-gaap Revenues
Revenues
20780000 USD
CY2015Q4 us-gaap Revenues
Revenues
52227000 USD
CY2015 us-gaap Revenues
Revenues
135057000 USD
CY2013 us-gaap Royalty Revenue
RoyaltyRevenue
33000 USD
CY2014 us-gaap Royalty Revenue
RoyaltyRevenue
9425000 USD
CY2015 us-gaap Royalty Revenue
RoyaltyRevenue
30975000 USD
CY2014Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
13.00
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
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CY2015 us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Credit Risk, Sources of Supply and Significant Customers</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are subject to credit risk from our portfolio of cash equivalents and marketable securities. These investments were made in accordance with our investment policy which specifies the categories, allocations, and ratings of securities we may consider for investment. The primary objective of our investment activities is to preserve principal while at the same time maximizing the income we receive without significantly increasing risk. We maintain our cash and cash equivalent balances with one major commercial bank and marketable securities with another financial institution. Deposits held with the financial institutions exceed the amount of insurance provided on such deposits. We are exposed to credit risk in the event of a default by the financial institutions holding our cash, cash equivalents and marketable securities to the extent recorded on the balance sheet. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are also subject to credit risk from our accounts receivable related to our product sales and revenues under our license and collaborative agreements. We have license and collaborative agreements with pharmaceutical companies under which we receive payments for license fees, milestone payments for specific achievements designated in the collaborative agreements, reimbursements of research and development services and supply of bulk formulation of rHuPH20. In addition, we sell </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Hylenex</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> recombinant in the United States to a limited number of established wholesale distributors in the pharmaceutical industry. Credit is extended based on an evaluation of the customer&#8217;s financial condition, and collateral is not required. Management monitors our exposure to accounts receivable by periodically evaluating the collectibility of the accounts receivable based on a variety of factors including the length of time the receivables are past due, the financial health of the customer and historical experience.</font></div></div>
CY2015 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Business</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Halozyme Therapeutics, Inc. is a biotechnology company focused on developing and commercializing novel oncology therapies. We are seeking to translate our unique knowledge of the tumor microenvironment to create therapies that have the potential to improve cancer patient survival. Our research primarily focuses on human enzymes that alter the extracellular matrix and tumor microenvironment. The extracellular matrix is a complex matrix of proteins and carbohydrates surrounding the cell that provides structural support in tissues and orchestrates many important biological activities, including cell migration, signaling and survival. Over many years, we have developed unique technology and scientific expertise enabling us to pursue this target-rich environment for the development of therapies.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our proprietary enzymes are used to facilitate the delivery of injected drugs and fluids, potentially enhancing the efficacy and the convenience of other drugs or can be used to alter tissue structures for potential clinical benefit. We exploit our technology and expertise using a two pillar strategy that we believe enables us to manage risk and cost by: (1) developing our own proprietary products in therapeutic areas with significant unmet medical needs, with a focus on oncology, and (2) licensing our technology to biopharmaceutical companies to collaboratively develop products that combine our technology with the collaborators&#8217; proprietary compounds.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The majority of our approved product and product candidates are based on rHuPH20, our patented recombinant human hyaluronidase enzyme. rHuPH20 is the active ingredient in our first commercially approved product, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Hylenex</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> recombinant, and it works by temporarily breaking down hyaluronan (or HA), a naturally occurring complex carbohydrate that is a major component of the extracellular matrix in tissues throughout the body such as skin and cartilage. We believe this temporary degradation creates an opportunistic window for the improved subcutaneous delivery of injectable biologics, such as monoclonal antibodies and other large therapeutic molecules, as well as small molecules and fluids. We refer to the application of rHuPH20 to facilitate the delivery of other drugs or fluids as our ENHANZE</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#8482;</sup></font><font style="font-family:inherit;font-size:10pt;"> Technology. We license the Enhance Technology to form collaborations with biopharmaceutical companies that develop or market drugs requiring or benefiting from injection via the subcutaneous route of administration.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We currently have ENHANZE collaborations with F. Hoffmann-La Roche, Ltd. and Hoffmann-La Roche, Inc. (Roche), Baxalta US Inc. and Baxalta GmbH (Baxalta), Pfizer Inc. (Pfizer), Janssen Biotech, Inc. (Janssen), AbbVie, Inc. (AbbVie), and Eli Lilly and Company (Lilly). We receive royalties from two of these collaborations, including royalties from sales of one product approved in both the United States and outside the United States from the Baxalta collaboration and from sales of two products approved for marketing outside the United States from the Roche collaboration. Future potential revenues from the sales and/or royalties of our approved products, product candidates, and ENHANZE collaborations will depend on the ability of Halozyme and our collaborators to develop, manufacture, secure and maintain regulatory approvals for approved products and product candidates and commercialize product candidates.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our proprietary development pipeline consists primarily of clinical stage product candidates in oncology. Our lead oncology program is PEGPH20 (PEGylated recombinant human hyaluronidase), a molecular entity we are developing for the systemic treatment of tumors that accumulate HA. When HA accumulates in a tumor, it can cause higher pressure in the tumor, reducing blood flow into the tumor and with that, reduced access of cancer therapies to the tumor. PEGPH20 works by temporarily degrading HA surrounding cancer cells resulting in reduced pressure and increased blood flow to the tumor thereby enabling increased amounts of anticancer treatments administered concomitantly gaining access to the tumor. We are currently in Phase 2 and Phase 3 clinical testing for PEGPH20 in stage IV PDA (Studies 109-202 and 109-301), in Phase 1b clinical testing in non-small cell lung cancer (Study 107-201) and in Phase 1b clinical testing in non-small cell lung cancer and gastric cancer (Study 107-101).</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Except where specifically noted or the context otherwise requires, references to &#8220;Halozyme,&#8221; &#8220;the Company,&#8221; &#8220;we,&#8221; &#8220;our,&#8221; and &#8220;us&#8221; in these notes to consolidated financial statements refer to Halozyme Therapeutics, Inc. and its wholly owned subsidiary, Halozyme, Inc., and Halozyme, Inc.&#8217;s wholly owned subsidiaries, Halozyme Holdings Ltd. and Halozyme Royalty LLC.</font></div></div>
CY2015 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (&#8220;U.S. GAAP&#8221;) requires management to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and accompanying notes. On an ongoing basis, we evaluate our estimates and judgments, which are based on historical and anticipated results and trends and on various other assumptions that management believes to be reasonable under the circumstances. By their nature, estimates are subject to an inherent degree of uncertainty and, as such, actual results may differ from management&#8217;s estimates.</font></div></div>

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