$IVVD
Invivyd, Inc.

2022 Q4 Form 10-Q Financial Statement

#000095017022024516 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $10.52M $13.20M $11.05M
YoY Change -28.26% 19.44% 1212.59%
% of Gross Profit
Research & Development $20.32M $30.13M $45.37M
YoY Change -70.3% -33.58% 525.65%
% of Gross Profit
Depreciation & Amortization $30.00K $0.00
YoY Change 2900.0%
% of Gross Profit
Operating Expenses $30.84M $47.33M $60.42M
YoY Change -62.88% -21.66% 25.85%
Operating Profit -$47.33M -$60.42M
YoY Change -21.66% 25.85%
Interest Expense $3.800M $48.00K
YoY Change 134.57%
% of Operating Profit
Other Income/Expense, Net -$17.54M $2.244M $43.00K
YoY Change 1015.78% 5118.6%
Pretax Income -$44.57M -$45.09M -$60.38M
YoY Change -46.33% -25.32% 25.76%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$44.57M -$45.09M -$60.38M
YoY Change -46.33% -25.32% 25.76%
Net Earnings / Revenue
Basic Earnings Per Share -$0.42 -$0.98
Diluted Earnings Per Share -$0.41 -$0.42 -$985.0K
COMMON SHARES
Basic Shares Outstanding 109.0M 108.8M 111.3M
Diluted Shares Outstanding 108.4M 61.30M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $372.0M $418.7M $666.3M
YoY Change -37.1% -37.17%
Cash & Equivalents $92.08M $278.2M $478.3M
Short-Term Investments $279.9M $140.5M $188.1M
Other Short-Term Assets $4.500M $2.100M $579.0K
YoY Change 195.86% 262.69%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $376.9M $421.6M $680.2M
YoY Change -38.88% -38.01%
LONG-TERM ASSETS
Property, Plant & Equipment $2.282M $1.429M
YoY Change 2649.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $191.0K $236.0K $6.115M
YoY Change -94.21% -96.14%
Total Long-Term Assets $6.250M $3.151M $6.115M
YoY Change 84.91% -48.47%
TOTAL ASSETS
Total Short-Term Assets $376.9M $421.6M $680.2M
Total Long-Term Assets $6.250M $3.151M $6.115M
Total Assets $383.2M $424.7M $686.3M
YoY Change -38.21% -38.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.517M $16.77M $17.56M
YoY Change -73.77% -4.52%
Accrued Expenses $21.91M $28.97M $35.49M
YoY Change -61.07% -18.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.03M $46.13M $53.05M
YoY Change -59.67% -13.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $8.000K
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $0.00 $0.00 $8.000K
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.03M $46.13M $53.05M
Total Long-Term Liabilities $0.00 $0.00 $8.000K
Total Liabilities $27.20M $47.30M $53.06M
YoY Change -56.18% -10.84%
SHAREHOLDERS EQUITY
Retained Earnings -$533.4M -$488.9M -$209.1M
YoY Change 82.6% 133.81%
Common Stock $889.7M $866.2M $842.3M
YoY Change 4.65% 2.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $0.00 $0.00
YoY Change
Treasury Stock Shares $0.00 $0.00 $0.00
Shareholders Equity $356.0M $377.4M $633.2M
YoY Change
Total Liabilities & Shareholders Equity $383.2M $424.7M $686.3M
YoY Change -38.21% -38.11%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$44.57M -$45.09M -$60.38M
YoY Change -46.33% -25.32% 25.76%
Depreciation, Depletion And Amortization $30.00K $0.00
YoY Change 2900.0%
Cash From Operating Activities -$47.41M -$56.14M -$54.21M
YoY Change -35.24% 3.55% 4643.04%
INVESTING ACTIVITIES
Capital Expenditures $1.220M $470.0K
YoY Change -1552.38%
Acquisitions
YoY Change
Other Investing Activities -$137.6M -$140.4M -$188.6M
YoY Change -199.71% -25.59%
Cash From Investing Activities -$138.8M -$140.8M -$188.6M
YoY Change -200.66% -25.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 140.0K 250.0K 328.6M
YoY Change -118.69% -99.92% 560.9%
NET CHANGE
Cash From Operating Activities -47.41M -56.14M -54.21M
Cash From Investing Activities -138.8M -140.8M -188.6M
Cash From Financing Activities 140.0K 250.0K 328.6M
Net Change In Cash -186.1M -196.7M 85.76M
YoY Change -390.97% -329.38% 76.54%
FREE CASH FLOW
Cash From Operating Activities -$47.41M -$56.14M -$54.21M
Capital Expenditures $1.220M $470.0K
Free Cash Flow -$48.63M -$56.61M
YoY Change -33.5%

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<p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.0589583333333332;font-family:Times New Roman;margin-bottom:6.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.0589583333333332;font-family:Times New Roman;margin-bottom:6.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of the Company’s condensed consolidated 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 condensed consolidated financial statements, and the reported amounts of expenses during the reporting periods. Significant estimates and assumptions reflected in these condensed consolidated financial statements include, but are not limited to, research and development expenses and related prepaid or accrued costs. Prior to the IPO, significant estimates and assumptions also included the valuation of common stock and resulting stock-based compensation expense. The Company bases its estimates on historical experience, known trends and other market-specific or relevant factors it believes to be reasonable under the circumstances. On an ongoing basis, management evaluates its estimates as there are changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results may differ materially from those estimates or assumptions.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.0589583333333332;font-family:Times New Roman;margin-bottom:6.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company is monitoring the potential impact of the COVID-19 pandemic on its business and condensed consolidated financial statements. The Company is not aware of any specific event or circumstance that would require any update to its estimates or judgments reflected in these condensed consolidated financial statements or a revision of the carrying value of its assets or liabilities as of the issuance date of these condensed consolidated financial statements. These estimates may change as new events occur and additional information is obtained.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
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EarningsPerShareBasic
-7.06
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21824702
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21824702
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21320100
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21320100

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