$KALV
KalVista Pharmaceuticals, Inc.

2018 Q4 Form 10-Q Financial Statement

#000156459018030939 Filed on December 14, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $5.592M $1.127M
YoY Change 396.18% 472.08%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.610M $2.700M
YoY Change -3.33%
% of Gross Profit
Research & Development $7.880M $4.361M
YoY Change 80.69% 48.89%
% of Gross Profit
Depreciation & Amortization $100.0K $50.00K
YoY Change 100.0%
% of Gross Profit
Operating Expenses $10.49M $7.064M
YoY Change 48.43% 67.27%
Operating Profit -$5.937M
YoY Change 47.5%
Interest Expense -$30.00K $80.00K
YoY Change -137.5%
% of Operating Profit
Other Income/Expense, Net $1.620M $870.0K
YoY Change 86.21%
Pretax Income -$3.300M -$4.990M
YoY Change -33.87%
Income Tax
% Of Pretax Income
Net Earnings -$3.304M -$4.986M
YoY Change -33.73% 51.23%
Net Earnings / Revenue -59.08% -442.41%
Basic Earnings Per Share
Diluted Earnings Per Share -$218.4K -$499.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $121.1M $28.10M
YoY Change 330.96%
Cash & Equivalents $121.1M $28.13M
Short-Term Investments
Other Short-Term Assets $1.900M $1.400M
YoY Change 35.71%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $130.1M $34.10M
YoY Change 281.52%
LONG-TERM ASSETS
Property, Plant & Equipment $2.300M $600.0K
YoY Change 283.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K
YoY Change
Total Long-Term Assets $2.500M $600.0K
YoY Change 316.67%
TOTAL ASSETS
Total Short-Term Assets $130.1M $34.10M
Total Long-Term Assets $2.500M $600.0K
Total Assets $132.6M $34.70M
YoY Change 282.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.000M $1.000M
YoY Change 200.0%
Accrued Expenses $3.000M $2.300M
YoY Change 30.43%
Deferred Revenue $14.77M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0K $200.0K
YoY Change 0.0%
Total Short-Term Liabilities $20.90M $3.500M
YoY Change 497.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $100.0K
YoY Change -100.0%
Other Long-Term Liabilities $4.700M
YoY Change
Total Long-Term Liabilities $4.670M $100.0K
YoY Change 4570.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.90M $3.500M
Total Long-Term Liabilities $4.670M $100.0K
Total Liabilities $25.60M $3.700M
YoY Change 591.89%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $107.0M $31.08M
YoY Change
Total Liabilities & Shareholders Equity $132.6M $34.70M
YoY Change 282.01%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income -$3.304M -$4.986M
YoY Change -33.73% 51.23%
Depreciation, Depletion And Amortization $100.0K $50.00K
YoY Change 100.0%
Cash From Operating Activities -$8.790M -$7.260M
YoY Change 21.07%
INVESTING ACTIVITIES
Capital Expenditures -$220.0K -$50.00K
YoY Change 340.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$220.0K -$50.00K
YoY Change 340.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 82.78M 9.050M
YoY Change 814.7%
NET CHANGE
Cash From Operating Activities -8.790M -7.260M
Cash From Investing Activities -220.0K -50.00K
Cash From Financing Activities 82.78M 9.050M
Net Change In Cash 73.77M 1.740M
YoY Change 4139.66%
FREE CASH FLOW
Cash From Operating Activities -$8.790M -$7.260M
Capital Expenditures -$220.0K -$50.00K
Free Cash Flow -$8.570M -$7.210M
YoY Change 18.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
7032000
CY2018Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
976000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-226000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-31000
kalv Increase Decrease In Research And Development Tax Credit Receivable
IncreaseDecreaseInResearchAndDevelopmentTaxCreditReceivable
692000
kalv Increase Decrease In Research And Development Tax Credit Receivable
IncreaseDecreaseInResearchAndDevelopmentTaxCreditReceivable
1397000
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
14769000
CY2018Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
157000
CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
4670000
CY2018Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
58000
CY2018Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
4670000
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2236000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
106951000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
132559000
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5592000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
636000
CY2018Q3 kalv Adjustments To Additional Paid In Capital Increase In Equity Due To Common Stock Subscription Agreement
AdjustmentsToAdditionalPaidInCapitalIncreaseInEquityDueToCommonStockSubscriptionAgreement
5000000
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
347000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-5030000
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1320000
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
31327000
CY2017Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
221000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-4928000
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
115000
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
26735000
CY2017Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
273000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
31079000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1323000
kalv Increase Decrease In Grants And Other Receivables
IncreaseDecreaseInGrantsAndOtherReceivables
590000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-9311000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14998000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
786000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
161000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-786000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-161000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
104000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
49000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
25000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
87811000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9100000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
87732000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9051000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1887000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-5000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
70061000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2822000
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30950000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28128000
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
513000
CY2018Q4 kalv Operating Leases Future Minimum Payments Due In Five Years And Thereafter
OperatingLeasesFutureMinimumPaymentsDueInFiveYearsAndThereafter
697000
CY2017Q4 kalv Number Of Performance Obligations
NumberOfPerformanceObligations
2
CY2018Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1778320
CY2018Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
8.21
CY2018Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
14500000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
142000
CY2018Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
338000
CY2018Q4 kalv Contractual Obligation Remaining Commitment Including Cancellation Provisions
ContractualObligationRemainingCommitmentIncludingCancellationProvisions
5700000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Remainder Of Fiscal Year
CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear
106000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
53000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
159000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
2000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
845000
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1393000
CY2018Q4 kalv Accrued Research Expense
AccruedResearchExpense
1885000
CY2018Q2 kalv Accrued Research Expense
AccruedResearchExpense
1192000
CY2018Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
122000
CY2018Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
164000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
157000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
191000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
321000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
324000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
327000

Files In Submission

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0001564590-18-030939-index-headers.html Edgar Link pending
0001564590-18-030939-index.html Edgar Link pending
0001564590-18-030939.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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kalv-10q_20181031.htm Edgar Link pending
kalv-20181031.xml Edgar Link completed
kalv-20181031.xsd Edgar Link pending
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kalv-20181031_def.xml Edgar Link unprocessable
kalv-20181031_lab.xml Edgar Link unprocessable
kalv-20181031_pre.xml Edgar Link unprocessable
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