$KALA
KALA BIO, Inc.

2021 Q3 Form 10-Q Financial Statement

#000155837021010528 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $3.067M $3.051M $833.0K
YoY Change 38.15% 266.27% -59.5%
Cost Of Revenue $908.0K $1.016M $760.0K
YoY Change 29.71% 33.68% 117.14%
Gross Profit $2.159M $2.035M $70.00K
YoY Change 42.04% 2807.14% -95.91%
Gross Profit Margin 70.39% 66.7% 8.4%
Selling, General & Admin $25.35M $27.99M $15.30M
YoY Change 6.09% 82.9% -10.03%
% of Gross Profit 1174.11% 1375.23% 21858.57%
Research & Development $2.881M $3.094M $6.053M
YoY Change -16.93% -48.88% -14.84%
% of Gross Profit 133.44% 152.04% 8647.14%
Depreciation & Amortization $259.0K $254.0K $220.0K
YoY Change 17.73% 15.45% 0.0%
% of Gross Profit 12.0% 12.48% 314.29%
Operating Expenses $29.14M $32.10M $22.11M
YoY Change 3.83% 45.15% -9.62%
Operating Profit -$26.07M -$29.05M -$21.28M
YoY Change 0.89% 36.49% -5.04%
Interest Expense $2.072M $2.091M $2.134M
YoY Change -3.94% -2.01% 3.54%
% of Operating Profit
Other Income/Expense, Net -$2.056M
YoY Change
Pretax Income -$28.13M -$36.50M -$23.31M
YoY Change 0.63% 56.58% -2.18%
Income Tax
% Of Pretax Income
Net Earnings -$28.13M -$36.50M -$23.31M
YoY Change 0.64% 56.56% -2.15%
Net Earnings / Revenue -917.09% -1196.26% -2798.56%
Basic Earnings Per Share -$21.41 -$0.57
Diluted Earnings Per Share -$432.4K -$0.57 -$418.5K
COMMON SHARES
Basic Shares Outstanding 64.97M 64.55M
Diluted Shares Outstanding 1.313M 64.55M

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $124.5M $149.6M $184.6M
YoY Change -21.75% -18.94% 56.44%
Cash & Equivalents $124.5M $144.6M $128.0M
Short-Term Investments $0.00 $5.000M $56.50M
Other Short-Term Assets $4.245M $2.180M $2.500M
YoY Change 6.13% -12.8% 177.78%
Inventory $7.708M $8.046M $5.700M
Prepaid Expenses
Receivables $12.63M $11.86M $4.281M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $149.1M $171.7M $197.0M
YoY Change -16.32% -12.84% 48.36%
LONG-TERM ASSETS
Property, Plant & Equipment $3.142M $3.416M $2.964M
YoY Change 11.34% 15.25% -91.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.25M $12.38M $16.70M
YoY Change -9.83% -25.9% 32.54%
Total Long-Term Assets $44.73M $43.74M $48.49M
YoY Change -4.71% -9.78% 5.4%
TOTAL ASSETS
Total Short-Term Assets $149.1M $171.7M $197.0M
Total Long-Term Assets $44.73M $43.74M $48.49M
Total Assets $193.8M $215.5M $245.5M
YoY Change -13.9% -12.24% 37.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.845M $2.844M $1.548M
YoY Change 163.05% 83.72% -51.63%
Accrued Expenses $19.47M $21.26M $13.97M
YoY Change 22.8% 52.18% -3.68%
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 $27.20M $26.08M $16.94M
YoY Change 39.1% 53.93% -4.29%
LONG-TERM LIABILITIES
Long-Term Debt $78.49M $78.06M $71.70M
YoY Change 9.07% 8.87% 1.41%
Other Long-Term Liabilities $26.66M $27.06M $27.90M
YoY Change -3.06% -3.0% -5.1%
Total Long-Term Liabilities $105.2M $105.1M $99.63M
YoY Change 5.66% 5.51% -0.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.20M $26.08M $16.94M
Total Long-Term Liabilities $105.2M $105.1M $99.63M
Total Liabilities $132.3M $131.2M $116.6M
YoY Change 11.15% 12.55% -0.96%
SHAREHOLDERS EQUITY
Retained Earnings -$494.8M -$466.7M -$340.7M
YoY Change 34.22% 36.98%
Common Stock $65.00K $65.00K $56.00K
YoY Change 16.07% 16.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $61.47M $84.27M $128.9M
YoY Change
Total Liabilities & Shareholders Equity $193.8M $215.5M $245.5M
YoY Change -13.9% -12.24% 37.31%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$28.13M -$36.50M -$23.31M
YoY Change 0.64% 56.56% -2.15%
Depreciation, Depletion And Amortization $259.0K $254.0K $220.0K
YoY Change 17.73% 15.45% 0.0%
Cash From Operating Activities -$26.08M -$21.61M -$19.25M
YoY Change 1.69% 12.25% -5.78%
INVESTING ACTIVITIES
Capital Expenditures -$329.0K -$325.0K -$630.0K
YoY Change -39.07% -48.41% 26.0%
Acquisitions
YoY Change
Other Investing Activities $5.050M $23.00M -$56.54M
YoY Change -108.85% -140.68%
Cash From Investing Activities $4.721M $22.67M -$57.16M
YoY Change -108.2% -139.67% 11332.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.230M 5.844M 7.980M
YoY Change 64.0% -26.77% -79900.0%
NET CHANGE
Cash From Operating Activities -26.08M -21.61M -19.25M
Cash From Investing Activities 4.721M 22.67M -57.16M
Cash From Financing Activities 1.230M 5.844M 7.980M
Net Change In Cash -20.13M 6.911M -68.43M
YoY Change -75.6% -110.1% 226.79%
FREE CASH FLOW
Cash From Operating Activities -$26.08M -$21.61M -$19.25M
Capital Expenditures -$329.0K -$325.0K -$630.0K
Free Cash Flow -$25.75M -$21.28M -$18.62M
YoY Change 2.56% 14.3% -6.57%

Facts In Submission

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CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
772000
CY2020Q2 us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
464000
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
7216000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2774000
CY2020Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-17000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-23312000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
128943000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
99995000
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
1161000
kala Stock Issued During Period Value New Issues At Market
StockIssuedDuringPeriodValueNewIssuesAtMarket
40730000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
248000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
431000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9780000
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-4000
us-gaap Net Income Loss
NetIncomeLoss
-66910000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
84270000
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
388000
kala Stock Issued During Period Value New Issues At Market
StockIssuedDuringPeriodValueNewIssuesAtMarket
12546000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
938000
us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
8475000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
125423000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
270000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5358000
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-17000
us-gaap Net Income Loss
NetIncomeLoss
-45267000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
128943000
us-gaap Profit Loss
ProfitLoss
-66910000
us-gaap Profit Loss
ProfitLoss
-45267000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
504000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
454000
kala Non Cash Operating Lease
NonCashOperatingLease
1118000
kala Non Cash Operating Lease
NonCashOperatingLease
952000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5395000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
645000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
513000
us-gaap Share Based Compensation
ShareBasedCompensation
9412000
us-gaap Share Based Compensation
ShareBasedCompensation
5271000
kala Amortization Of Discount On Available For Sale Securities
AmortizationOfDiscountOnAvailableForSaleSecurities
22000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2255000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7282000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-826000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1351000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5387000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1306000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1250000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-973000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1966000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-6782000
kala Increase Decrease In Lease And Other Liabilities Noncurrent
IncreaseDecreaseInLeaseAndOtherLiabilitiesNoncurrent
-834000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
40730000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
137969000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
17000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
41164000
kala Increase Decrease In Lease And Other Liabilities Noncurrent
IncreaseDecreaseInLeaseAndOtherLiabilitiesNoncurrent
-629000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-54248000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
16000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
679000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1207000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-39134000
kala Payments To Acquire Property Plant And Equipment And Other Assets
PaymentsToAcquirePropertyPlantAndEquipmentAndOtherAssets
545000
kala Payments To Acquire Property Plant And Equipment And Other Assets
PaymentsToAcquirePropertyPlantAndEquipmentAndOtherAssets
915000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
56535000
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
71250000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
70705000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-57450000
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2218000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
77782000
kala Payment Of Principal On Venture Debt Facility
PaymentOfPrincipalOnVentureDebtFacility
78010000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
139160000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57621000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
42576000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
89756000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
98031000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
147377000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
140607000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
147377000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
140607000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2742000
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
12584000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
144635000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
128023000
kala Capital Expenditures Incurred But Not Yet Paid Accounts Payable
CapitalExpendituresIncurredButNotYetPaidAccountsPayable
318000
us-gaap Interest Paid Net
InterestPaidNet
3030000
us-gaap Interest Paid Net
InterestPaidNet
3749000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1218000
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-466693000
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6138000
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4210000
CY2021Q2 kala Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
17203000
CY2020Q4 kala Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
11448000
CY2021Q2 us-gaap Inventory Net
InventoryNet
8046000
CY2021Q2 us-gaap Inventory Noncurrent
InventoryNoncurrent
9157000
CY2020Q4 us-gaap Inventory Net
InventoryNet
5229000
CY2020Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
6219000
CY2021Q2 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2021Q2 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2020Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2021Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
5000000
CY2021Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
5000000
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
76272000
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4000
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
76276000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2021Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
1485000
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
801000
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
9580000
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
6437000
CY2021Q2 kala Accrued Revenue Reserves
AccruedRevenueReserves
8261000
CY2020Q4 kala Accrued Revenue Reserves
AccruedRevenueReserves
5224000
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8035000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9676000
CY2021Q2 kala Accrued Commercialization Cost
AccruedCommercializationCost
2121000
CY2020Q4 kala Accrued Commercialization Cost
AccruedCommercializationCost
2103000
CY2021Q2 kala Accrued Contract Manufacturing
AccruedContractManufacturing
773000
CY2020Q4 kala Accrued Contract Manufacturing
AccruedContractManufacturing
336000
CY2021Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
605000
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
926000
CY2021Q2 us-gaap Interest Payable Current
InterestPayableCurrent
533000
CY2021Q2 kala Development Costs Current
DevelopmentCostsCurrent
377000
CY2020Q4 kala Development Costs Current
DevelopmentCostsCurrent
154000
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
550000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
552000
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
21255000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
18971000
CY2019Q4 kala Number Of Vehicles Leased
NumberOfVehiclesLeased
65
CY2019Q4 us-gaap Line Of Credit
LineOfCredit
450000
CY2019 kala Vehicles Leased Term
VehiclesLeasedTerm
P3Y
CY2021Q2 kala Number Of Additional Vehicles Leased
NumberOfAdditionalVehiclesLeased
54
kala Vehicles Leased Term
VehiclesLeasedTerm
P3Y
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1268000
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1185000
us-gaap Operating Lease Cost
OperatingLeaseCost
2484000
us-gaap Operating Lease Cost
OperatingLeaseCost
2371000
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
584000
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
658000
us-gaap Variable Lease Cost
VariableLeaseCost
1093000
us-gaap Variable Lease Cost
VariableLeaseCost
1068000
CY2021Q2 us-gaap Lease Cost
LeaseCost
1852000
CY2020Q2 us-gaap Lease Cost
LeaseCost
1843000
us-gaap Lease Cost
LeaseCost
3577000
us-gaap Lease Cost
LeaseCost
3439000
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1659000
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1686000
us-gaap Operating Lease Payments
OperatingLeasePayments
3243000
us-gaap Operating Lease Payments
OperatingLeasePayments
3130000
CY2021Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P9Y10M24D
CY2020Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P10Y3M18D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.096
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.098
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5395000
kala Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
215172
CY2020 kala Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
248505
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1604964
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.729
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.742
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0050
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0107
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.37
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4710000
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2493000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9412000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4988000
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2020Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2021Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
kala Purchase Obligations Fiscal Year Maturity Schedule Table Textblock
PurchaseObligationsFiscalYearMaturityScheduleTableTextblock
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;line-height:1.19;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:84.38%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.67%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:11.26%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:84.38%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:1.19;margin:0pt;"><b style="font-weight:bold;">Years Ending December 31,</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.67%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">    </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:11.26%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:84.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">2021 (remaining six months)</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">$</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:11.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt 3pt 0pt 0pt;">2,295 </p></td></tr><tr><td style="vertical-align:bottom;width:84.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:11.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt 3pt 0pt 0pt;">5,390 </p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:84.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">2023</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:11.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt 3pt 0pt 0pt;"> 6,285</p></td></tr><tr><td style="vertical-align:bottom;width:84.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">2024</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:11.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt 3pt 0pt 0pt;"> 7,875</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:84.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">2025</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:11.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt 3pt 0pt 0pt;"> 8,199</p></td></tr><tr><td style="vertical-align:bottom;width:84.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">Thereafter</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:11.26%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt 3pt 0pt 0pt;"> 17,925</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:84.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">Total minimum purchase commitments</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.67%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">$</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:11.26%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt 3pt 0pt 0pt;">47,969 </p></td></tr></table>
CY2021Q2 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
2295000
CY2021Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
5390000
CY2021Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
6285000
CY2021Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
7875000
CY2021Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
8199000
CY2021Q2 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
17925000
CY2021Q2 us-gaap Contractual Obligation
ContractualObligation
47969000

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