$KALV
KalVista Pharmaceuticals, Inc.

2021 Q1 Form 10-Q Financial Statement

#000156459021012500 Filed on March 11, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1 2019 Q4
Revenue $0.00 $1.577M $3.920M
YoY Change -100.0% -59.46% -29.9%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.560M $3.070M $3.420M
YoY Change 15.96% 5.86% 31.03%
% of Gross Profit
Research & Development $9.097M $11.23M $9.790M
YoY Change -19.02% 46.84% 24.24%
% of Gross Profit
Depreciation & Amortization $140.0K $130.0K $130.0K
YoY Change 7.69% 18.18% 30.0%
% of Gross Profit
Operating Expenses $12.66M $14.30M $13.21M
YoY Change -11.5% 35.55% 25.98%
Operating Profit -$12.66M -$12.72M
YoY Change -0.53%
Interest Expense $440.0K $510.0K $1.070M
YoY Change -13.73% -47.42% -3666.67%
% of Operating Profit
Other Income/Expense, Net $2.609M $2.923M $2.320M
YoY Change -10.74% 68.96% 43.21%
Pretax Income -$10.05M -$9.290M -$5.900M
YoY Change 8.18% 134.6% 78.79%
Income Tax
% Of Pretax Income
Net Earnings -$10.05M -$9.291M -$5.903M
YoY Change 8.15% 134.86% 78.66%
Net Earnings / Revenue -589.16% -150.59%
Basic Earnings Per Share
Diluted Earnings Per Share -$559.6K -$520.7K -$331.1K
COMMON SHARES
Basic Shares Outstanding 24.31M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q1 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.31M $80.60M $93.50M
YoY Change -37.58% -27.48% -22.79%
Cash & Equivalents $17.73M $18.62M $21.72M
Short-Term Investments $32.58M $62.00M $71.70M
Other Short-Term Assets $4.600M $3.600M $2.600M
YoY Change 27.78% -7.69% 36.84%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $62.50M $99.00M $107.9M
YoY Change -36.86% -20.23% -17.06%
LONG-TERM ASSETS
Property, Plant & Equipment $1.868M $3.800M $4.000M
YoY Change -50.84% 65.22% 73.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $3.696M $3.900M $4.200M
YoY Change -5.23% 62.5% 68.0%
TOTAL ASSETS
Total Short-Term Assets $62.50M $99.00M $107.9M
Total Long-Term Assets $3.696M $3.900M $4.200M
Total Assets $66.20M $102.9M $112.1M
YoY Change -35.67% -18.66% -15.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $600.0K $3.000M $2.200M
YoY Change -80.0% 0.0% -26.67%
Accrued Expenses $5.900M $5.500M $5.600M
YoY Change 7.27% 61.76% 86.67%
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 $6.518M $9.800M $10.50M
YoY Change -33.49% -47.87% -49.76%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.100M $3.400M $3.800M
YoY Change -67.65% -8.11% -19.15%
Total Long-Term Liabilities $1.123M $3.400M $3.800M
YoY Change -66.97% -7.26% -18.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.518M $9.800M $10.50M
Total Long-Term Liabilities $1.123M $3.400M $3.800M
Total Liabilities $7.641M $13.20M $14.30M
YoY Change -42.11% -41.33% -44.14%
SHAREHOLDERS EQUITY
Retained Earnings -$152.9M -$115.0M
YoY Change
Common Stock $212.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $58.57M $89.75M $97.79M
YoY Change
Total Liabilities & Shareholders Equity $66.21M $102.9M $112.1M
YoY Change -35.66% -18.67% -15.43%

Cashflow Statement

Concept 2021 Q1 2020 Q1 2019 Q4
OPERATING ACTIVITIES
Net Income -$10.05M -$9.291M -$5.903M
YoY Change 8.15% 134.86% 78.66%
Depreciation, Depletion And Amortization $140.0K $130.0K $130.0K
YoY Change 7.69% 18.18% 30.0%
Cash From Operating Activities -$7.590M -$13.11M -$7.810M
YoY Change -42.11% 20.83% -11.15%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K $0.00 -$110.0K
YoY Change -100.0% -50.0%
Acquisitions
YoY Change
Other Investing Activities $6.960M $9.770M -$1.400M
YoY Change -28.76% -117.9%
Cash From Investing Activities $6.950M $9.770M -$1.510M
YoY Change -28.86% -117.9% 586.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $209.2M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.700M 40.00K 140.0K
YoY Change 4150.0% -33.33% -99.83%
NET CHANGE
Cash From Operating Activities -7.590M -13.11M -7.810M
Cash From Investing Activities 6.950M 9.770M -1.510M
Cash From Financing Activities 1.700M 40.00K 140.0K
Net Change In Cash 1.060M -3.300M -9.180M
YoY Change -132.12% -94.95% -112.44%
FREE CASH FLOW
Cash From Operating Activities -$7.590M -$13.11M -$7.810M
Capital Expenditures -$10.00K $0.00 -$110.0K
Free Cash Flow -$7.580M -$13.11M -$7.700M
YoY Change -42.18% 21.05% -10.15%

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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13391000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15789000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17727000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18615000
CY2021Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
436000
CY2021Q1 kalv Cash And Cash Equivalents And Marketable Securities Fair Value Disclosure
CashAndCashEquivalentsAndMarketableSecuritiesFairValueDisclosure
33020000
CY2020Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
650000
CY2020Q2 kalv Cash And Cash Equivalents And Marketable Securities Fair Value Disclosure
CashAndCashEquivalentsAndMarketableSecuritiesFairValueDisclosure
52575000
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
32561000
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
83000
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
60000
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
32584000
CY2020Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
51456000
CY2020Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
470000
CY2020Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1000
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
51925000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
17332000
CY2021Q1 kalv Available For Sale Securities Debt Maturities After One Through Two Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsFairValue
9045000
CY2021Q1 kalv Available For Sale Securities Debt Maturities After Two Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTwoYearsFairValue
6207000
CY2021Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2238000
CY2020Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2333000
CY2021Q1 kalv Accrued Research Expense Current
AccruedResearchExpenseCurrent
2672000
CY2020Q2 kalv Accrued Research Expense Current
AccruedResearchExpenseCurrent
2821000
CY2021Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
251000
CY2020Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
173000
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
124000
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
128000
CY2021Q1 kalv Contractual Obligation Remaining Commitment Including Cancellation Provisions
ContractualObligationRemainingCommitmentIncludingCancellationProvisions
1000000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
193000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
658000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
419000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
156000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
156000
CY2021Q1 kalv Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
482000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2064000
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
349000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1715000

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