2023 Q2 Form 10-Q Financial Statement
#000105572623000030 Filed on May 10, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
Revenue | $226.0K | $114.9K |
YoY Change | -71.19% | -42.26% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $13.52M | $13.89M |
YoY Change | -72.09% | -12.93% |
% of Gross Profit | ||
Research & Development | $23.74M | $30.18M |
YoY Change | -57.95% | -46.09% |
% of Gross Profit | ||
Depreciation & Amortization | $766.6K | $707.4K |
YoY Change | -28.43% | -23.89% |
% of Gross Profit | ||
Operating Expenses | $37.27M | $44.07M |
YoY Change | -64.48% | -38.74% |
Operating Profit | -$37.04M | -$43.95M |
YoY Change | -64.43% | -38.73% |
Interest Expense | $313.5K | $313.5K |
YoY Change | -107.2% | 0.0% |
% of Operating Profit | ||
Other Income/Expense, Net | -$1.428M | -$2.426M |
YoY Change | 46715.31% | 1480.57% |
Pretax Income | -$35.53M | -$40.65M |
YoY Change | -67.25% | -47.15% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$35.50M | -$40.60M |
YoY Change | -67.28% | -48.67% |
Net Earnings / Revenue | -15709.98% | -35321.86% |
Basic Earnings Per Share | -$0.13 | -$0.16 |
Diluted Earnings Per Share | -$0.13 | -$0.16 |
COMMON SHARES | ||
Basic Shares Outstanding | 262.7M shares | 260.1M shares |
Diluted Shares Outstanding | 264.4M shares | 258.4M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $194.9M | $223.8M |
YoY Change | -44.01% | -37.91% |
Cash & Equivalents | $52.71M | $28.24M |
Short-Term Investments | $142.2M | $195.5M |
Other Short-Term Assets | $3.243M | $5.110M |
YoY Change | -94.28% | -84.04% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $5.950K | $73.30K |
Other Receivables | $5.110M | $4.962M |
Total Short-Term Assets | $203.3M | $233.9M |
YoY Change | -51.16% | -41.51% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $6.304M | $6.983M |
YoY Change | -76.76% | -58.18% |
Goodwill | $10.51M | $10.51M |
YoY Change | 0.0% | |
Intangibles | $0.00 | $2.048M |
YoY Change | -18.08% | |
Long-Term Investments | $2.781M | $2.624M |
YoY Change | 14.19% | -22.12% |
Other Assets | $666.9K | $652.5K |
YoY Change | -13.41% | -48.77% |
Total Long-Term Assets | $29.75M | $32.69M |
YoY Change | -31.15% | -28.33% |
TOTAL ASSETS | ||
Total Short-Term Assets | $203.3M | $233.9M |
Total Long-Term Assets | $29.75M | $32.69M |
Total Assets | $233.0M | $266.6M |
YoY Change | -49.27% | -40.16% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $10.36M | $26.17M |
YoY Change | -90.26% | -33.79% |
Accrued Expenses | $21.12M | $8.376M |
YoY Change | 64.22% | -42.24% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $16.71M | $16.39M |
YoY Change | ||
Total Short-Term Liabilities | $51.93M | $55.15M |
YoY Change | -60.38% | -7.09% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% |
Other Long-Term Liabilities | $11.70M | $12.19M |
YoY Change | -17.07% | |
Total Long-Term Liabilities | $11.70M | $12.19M |
YoY Change | -61.8% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $51.93M | $55.15M |
Total Long-Term Liabilities | $11.70M | $12.19M |
Total Liabilities | $63.67M | $67.37M |
YoY Change | -60.63% | -25.5% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$1.600B | -$1.500B |
YoY Change | 15.38% | |
Common Stock | $268.1K | $262.7K |
YoY Change | 15.99% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $169.4M | $199.2M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $233.0M | $266.6M |
YoY Change | -49.27% | -40.16% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$35.50M | -$40.60M |
YoY Change | -67.28% | -48.67% |
Depreciation, Depletion And Amortization | $766.6K | $707.4K |
YoY Change | -28.43% | -23.89% |
Cash From Operating Activities | -$32.31M | -$36.66M |
YoY Change | -36.05% | -40.75% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $23.92K | $297.0K |
YoY Change | -103.34% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $53.93M | $19.30M |
YoY Change | -662.55% | -9.54% |
Cash From Investing Activities | $53.91M | $19.00M |
YoY Change | -623.16% | -10.93% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 2.883M | -$424.7K |
YoY Change | -93.29% | -101.49% |
NET CHANGE | ||
Cash From Operating Activities | -32.31M | -$36.66M |
Cash From Investing Activities | 53.91M | $19.00M |
Cash From Financing Activities | 2.883M | -$424.7K |
Net Change In Cash | 24.47M | -$18.09M |
YoY Change | -236.79% | 49.09% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$32.31M | -$36.66M |
Capital Expenditures | $23.92K | $297.0K |
Free Cash Flow | -$32.34M | -$36.96M |
YoY Change | -35.08% | -40.27% |
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-40533373 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-79249371 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
222362756 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
14000000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-424704 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3809003 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-40649317 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
117862 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-1918 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
199213682 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
399669421 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
29364538 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-942521 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
7711151 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-79073719 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-169097 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-6555 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
355085002 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-40649317 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-79073719 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
707378 | usd |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
929383 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
82083 | usd |
CY2022Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
126770 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
362664 | usd |
CY2022Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
319586 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3809003 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7711151 | usd |
CY2023Q1 | ino |
Non Cash Interest Income Expense
NonCashInterestIncomeExpense
|
219999 | usd |
CY2022Q1 | ino |
Non Cash Interest Income Expense
NonCashInterestIncomeExpense
|
219999 | usd |
CY2023Q1 | us-gaap |
Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
1159083 | usd |
CY2022Q1 | us-gaap |
Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
-125810 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
|
-2425676 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
|
-318684 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-334297 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-157666 | usd |
CY2023Q1 | ino |
Gain Loss On Remeasurement Of Equity Method Investment
GainLossOnRemeasurementOfEquityMethodInvestment
|
0 | usd |
CY2022Q1 | ino |
Gain Loss On Remeasurement Of Equity Method Investment
GainLossOnRemeasurementOfEquityMethodInvestment
|
165215 | usd |
CY2023Q1 | ino |
Change In Value Of Investments In Affiliated Company
ChangeInValueOfInvestmentsInAffiliatedCompany
|
616639 | usd |
CY2022Q1 | ino |
Change In Value Of Investments In Affiliated Company
ChangeInValueOfInvestmentsInAffiliatedCompany
|
-537728 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-2165213 | usd |
CY2023Q1 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
3218215 | usd |
CY2022Q1 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-4840641 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-6703110 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-541248 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-39324542 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-7075934 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-31527 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-151999 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-40737879 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-9000559 | usd |
CY2023Q1 | ino |
Increase Decrease In Accrued Clinical Trial Expense
IncreaseDecreaseInAccruedClinicalTrialExpense
|
-4798227 | usd |
CY2022Q1 | ino |
Increase Decrease In Accrued Clinical Trial Expense
IncreaseDecreaseInAccruedClinicalTrialExpense
|
1501489 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
0 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-9963 | usd |
CY2023Q1 | ino |
Increase Decrease In Operating Lease Right Of Use Asset Lease Liability Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetLeaseLiabilityNet
|
-693691 | usd |
CY2022Q1 | ino |
Increase Decrease In Operating Lease Right Of Use Asset Lease Liability Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetLeaseLiabilityNet
|
-624673 | usd |
CY2023Q1 | ino |
Increase Decreasein Deferred Grant Funding Current
IncreaseDecreaseinDeferredGrantFundingCurrent
|
1648292 | usd |
CY2022Q1 | ino |
Increase Decreasein Deferred Grant Funding Current
IncreaseDecreaseinDeferredGrantFundingCurrent
|
723550 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
0 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-14826 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-36664478 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-61882102 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
80431174 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
99722697 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
93657050 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
123055048 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
296983 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
6071000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
|
0 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
|
1999998 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
18999893 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
21332353 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
29364538 | usd |
CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd |
CY2022Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
83812 | usd |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
424704 | usd |
CY2022Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1026333 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-424704 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
28422017 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-1918 | usd |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-6555 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-18091207 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-12134287 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
46329359 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
71143778 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
28238152 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
59009491 | usd |
CY2023Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
0 | usd |
CY2022Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
330779 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
533487 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
533487 | usd |
CY2023Q1 | ino |
Change In Accrued Expenses Related To Issuance Of Common Stock For Legal Settlement
ChangeInAccruedExpensesRelatedToIssuanceOfCommonStockForLegalSettlement
|
14000000 | usd |
CY2022Q1 | ino |
Change In Accrued Expenses Related To Issuance Of Common Stock For Legal Settlement
ChangeInAccruedExpensesRelatedToIssuanceOfCommonStockForLegalSettlement
|
0 | usd |
CY2023Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Organization and Operations<div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Inovio Pharmaceuticals, Inc. (the “Company” or “INOVIO”) is a biotechnology company focused on developing and commercializing DNA medicines to help treat and protect people from diseases associated with HPV, cancer, and infectious diseases. The Company’s goal is to advance its diverse pipeline of product candidates and deliver on the promise of DNA medicines technology in treating and preventing a wide array of diseases.</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In clinical trials, INOVIO's DNA medicine candidates have shown the ability to generate immune responses, especially CD4+, CD8+, and memory T-cell responses against targeted pathogens and cancers, via its precisely designed plasmids. These plasmids are delivered into cells using the Company's investigational proprietary smart device, CELLECTRA. </span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">INOVIO's lead candidates are focused on diseases associated with HPV. In October 2022 and February 2023, INOVIO announced data from the first and second cohorts, respectively, of its Phase 1/2 clinical trial with INO-3107 for the treatment of HPV-6 and HPV-11 associated Recurrent Respiratory Papillomatosis (RRP). In this trial, treatment with INO-3107 resulted in a statistically significant reduction of the median number of surgeries, a result that reinforces the Company's belief that DNA medicines may play a key role in the treatment of HPV-related diseases. </span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's partners and collaborators include Advaccine Biopharmaceuticals Suzhou Co, ApolloBio Corporation, AstraZeneca, The Bill & Melinda Gates Foundation (Gates), Coalition for Epidemic Preparedness Innovations (CEPI), Defense Advanced Research Projects Agency (DARPA), The U.S. Department of Defense (DoD), HIV Vaccines Trial Network, Indiana University, International Vaccine Institute (IVI), Kaneka Eurogentec, National Cancer Institute (NCI), National Institutes of Health (NIH), National Institute of Allergy and Infectious Diseases (NIAID), Plumbline Life Sciences, Regeneron Pharmaceuticals, Richter-Helm BioLogics, Thermo Fisher Scientific, the University of Pennsylvania, the Walter Reed Army Institute of Research, and The Wistar Institute.</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company and its collaborators are currently evaluating the feasibility of, or conducting or planning clinical studies of, DNA medicines for the Ebola virus; HPV-related precancers, including cervical, vulvar and anal dysplasia; HPV-related cancers, including head & neck; other HPV-related disorders, such as RRP; and glioblastoma (GBM).</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">INOVIO was incorporated in Delaware in June 2001 and has its principal executive offices in Plymouth Meeting, Pennsylvania.</span></div> | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-40600000 | usd |
CY2023Q1 | ino |
Working Capital
WorkingCapital
|
178700000 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1500000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
223800000 | usd |
CY2023Q1 | ino |
Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
|
845000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
201958124 | usd |
CY2023Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
71009 | usd |
CY2023Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
6516128 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
195513005 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
216450597 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
21231 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
9802431 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
206669397 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
300 | usd |
CY2022Q1 | us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
20000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
2400000 | usd |
CY2022Q1 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
339000 | usd |
CY2023Q1 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
3200000 | usd |
CY2022Q1 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-4800000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
24 | position |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-6500000 | usd |
CY2023Q1 | us-gaap |
Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
|
0 | usd |
CY2022Q4 | us-gaap |
Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
|
30000000 | usd |
CY2023Q1 | ino |
Prepaid Manufacturing Expenses Current
PrepaidManufacturingExpensesCurrent
|
565072 | usd |
CY2022Q4 | ino |
Prepaid Manufacturing Expenses Current
PrepaidManufacturingExpensesCurrent
|
1401028 | usd |
CY2023Q1 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
4349241 | usd |
CY2022Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
18729453 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
4914313 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
50130481 | usd |
CY2023Q1 | us-gaap |
Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
|
11194396 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
|
19862487 | usd |
CY2023Q1 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
7607673 | usd |
CY2022Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
12574921 | usd |
CY2023Q1 | us-gaap |
Litigation Reserve Current
LitigationReserveCurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Litigation Reserve Current
LitigationReserveCurrent
|
44000000 | usd |
CY2023Q1 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
5950102 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
3249477 | usd |
CY2023Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
24752171 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
79686885 | usd |
CY2023Q1 | us-gaap |
Goodwill Gross
GoodwillGross
|
10513371 | usd |
CY2023Q1 | us-gaap |
Goodwill
Goodwill
|
10513371 | usd |
CY2022Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
10513371 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
10513371 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
9150000 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
7102222 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2047778 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
10473761 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
8343900 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2129861 | usd |
CY2023Q1 | ino |
Goodwill And Intangible Assets Gross
GoodwillAndIntangibleAssetsGross
|
19663371 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
7102222 | usd |
CY2023Q1 | ino |
Goodwill And Intangible Assets Net
GoodwillAndIntangibleAssetsNet
|
12561149 | usd |
CY2022Q4 | ino |
Goodwill And Intangible Assets Gross
GoodwillAndIntangibleAssetsGross
|
20987132 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
8343900 | usd |
CY2022Q4 | ino |
Goodwill And Intangible Assets Net
GoodwillAndIntangibleAssetsNet
|
12643232 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
82000 | usd |
CY2022Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
127000 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
190000 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
253000 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
253000 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
253000 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
253000 | usd |
CY2023Q1 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
0 | usd |
CY2022Q1 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
0 | usd |
CY2022Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
CY2023Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
600000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
262739126 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
262739126 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
253091319 | shares |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
20462532 | shares |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
21305035 | shares |
CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
10500000 | usd |
CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y8M12D | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.97 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.48 | |
CY2021 | ino |
Collaborative Agreement Amended Amount
CollaborativeAgreementAmendedAmount
|
13600000 | usd |
CY2023Q1 | ino |
Collaborative Agreement Awarded Exercised Amount
CollaborativeAgreementAwardedExercisedAmount
|
3300000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
3136000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
3050000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
3063000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
3139000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
2526000 | usd |
CY2023Q1 | ino |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
4223000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
19137000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4371000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
14766000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
2580000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
12186000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y9M18D | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.086 | |
CY2023Q1 | us-gaap |
Lease Cost
LeaseCost
|
840000 | usd |
CY2022Q1 | us-gaap |
Lease Cost
LeaseCost
|
830000 | usd |
CY2019Q4 | ino |
Lessee Operating Lease Number Of Agreements To Sublease
LesseeOperatingLeaseNumberOfAgreementsToSublease
|
2 | agreement |