2017 Q3 Form 10-Q Financial Statement

#000119312517251322 Filed on August 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q2
Revenue $0.00 $3.000K $59.00K
YoY Change -100.0% -94.92% -60.67%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.820M $6.640M $5.960M
YoY Change -1.36% 11.41% -3.25%
% of Gross Profit
Research & Development $25.24M $23.12M $24.58M
YoY Change 26.86% -5.94% -8.99%
% of Gross Profit
Depreciation & Amortization $180.0K $180.0K $180.0K
YoY Change 0.0% 0.0% 20.0%
% of Gross Profit
Operating Expenses $31.06M $29.76M $30.54M
YoY Change 20.41% -2.55% -7.92%
Operating Profit -$31.06M -$29.75M -$30.48M
YoY Change 20.64% -2.38% -7.68%
Interest Expense $450.0K $410.0K $330.0K
YoY Change 45.16% 24.24% 22.22%
% of Operating Profit
Other Income/Expense, Net $428.0K $383.0K $318.0K
YoY Change 35.02% 20.44% 0.0%
Pretax Income -$30.63M -$29.37M -$30.16M
YoY Change 20.46% -2.62% -7.77%
Income Tax $13.00K $18.00K $0.00
% Of Pretax Income
Net Earnings -$30.64M -$29.39M -$30.16M
YoY Change 20.51% -2.56% -7.76%
Net Earnings / Revenue -979566.67% -51115.25%
Basic Earnings Per Share
Diluted Earnings Per Share -$650.0K -$641.3K -$838.7K
COMMON SHARES
Basic Shares Outstanding 47.14M shares 47.12M shares 35.96M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.4M $143.5M $122.7M
YoY Change -5.84% 16.95% -44.53%
Cash & Equivalents $54.45M $55.38M $37.72M
Short-Term Investments $65.00M $88.10M $85.00M
Other Short-Term Assets $2.300M $2.300M $1.500M
YoY Change -32.35% 53.33% -63.41%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $121.7M $145.7M $124.2M
YoY Change -6.58% 17.33% -44.86%
LONG-TERM ASSETS
Property, Plant & Equipment $2.304M $2.473M $3.170M
YoY Change -22.97% -21.99% -1.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $39.50M $37.30M $42.90M
YoY Change -20.36% -13.05% 24.71%
Other Assets $300.0K $300.0K $111.0K
YoY Change 0.33% 170.27% -72.25%
Total Long-Term Assets $42.09M $40.03M $46.70M
YoY Change -21.14% -14.29% 22.75%
TOTAL ASSETS
Total Short-Term Assets $121.7M $145.7M $124.2M
Total Long-Term Assets $42.09M $40.03M $46.70M
Total Assets $163.8M $185.8M $170.9M
YoY Change -10.81% 8.69% -35.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.890M $3.247M $4.063M
YoY Change -13.82% -20.08% -9.08%
Accrued Expenses $17.72M $12.88M $11.11M
YoY Change 43.92% 15.87% 19.06%
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 $21.16M $17.52M $15.52M
YoY Change 41.49% 12.86% 10.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.400M $1.500M $1.800M
YoY Change -17.65% -16.67% -5.26%
Total Long-Term Liabilities $1.400M $1.500M $1.800M
YoY Change -17.65% -16.67% -5.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.16M $17.52M $15.52M
Total Long-Term Liabilities $1.400M $1.500M $1.800M
Total Liabilities $22.60M $19.04M $17.33M
YoY Change 35.38% 9.84% 8.55%
SHAREHOLDERS EQUITY
Retained Earnings -$456.3M -$425.7M -$313.7M
YoY Change 34.53% 35.67% 59.17%
Common Stock $597.6M $592.5M $467.2M
YoY Change 18.07% 26.84% 5.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $141.2M $166.7M $153.6M
YoY Change
Total Liabilities & Shareholders Equity $163.8M $185.8M $170.9M
YoY Change -10.81% 8.69% -35.09%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$30.64M -$29.39M -$30.16M
YoY Change 20.51% -2.56% -7.76%
Depreciation, Depletion And Amortization $180.0K $180.0K $180.0K
YoY Change 0.0% 0.0% 20.0%
Cash From Operating Activities -$21.75M -$21.72M -$20.89M
YoY Change 6.98% 3.97% -25.63%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$10.00K
YoY Change -98.31%
Acquisitions
YoY Change
Other Investing Activities $20.61M -$1.140M $16.22M
YoY Change -514.69% -107.03% 1018.62%
Cash From Investing Activities $20.60M -$1.140M $16.22M
YoY Change -513.65% -107.03% 1786.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 160.0K 52.57M 240.0K
YoY Change -99.49% 21804.17% 1100.0%
NET CHANGE
Cash From Operating Activities -21.75M -21.72M -20.89M
Cash From Investing Activities 20.60M -1.140M 16.22M
Cash From Financing Activities 160.0K 52.57M 240.0K
Net Change In Cash -990.0K 29.71M -4.430M
YoY Change -116.05% -770.65% -83.72%
FREE CASH FLOW
Cash From Operating Activities -$21.75M -$21.72M -$20.89M
Capital Expenditures -$10.00K -$10.00K
Free Cash Flow -$21.74M -$20.88M
YoY Change 6.94% -24.07%

Facts In Submission

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CY2014Q1 kpti Number Of Additional Lease Terms Option To Renew
NumberOfAdditionalLeaseTermsOptionToRenew
1 Lease
CY2014Q1 kpti Lessee Leasing Arrangements Operating Leases Additional Extension Term
LesseeLeasingArrangementsOperatingLeasesAdditionalExtensionTerm
P5Y
CY2015Q1 kpti Operating Leases Allowance For Improvements
OperatingLeasesAllowanceForImprovements
1616000
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-30114000
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.84
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5956000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-30158000
CY2016Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
329000
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
30535000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-30158000
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-30476000
CY2016Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
318000
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-20000
CY2016Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
290000
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
64000
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-11000
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24579000
CY2016Q2 us-gaap Revenue From Grants
RevenueFromGrants
59000
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
35956470 shares
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-29348000
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.64
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6635000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29369000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18000
CY2017Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
412000
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
29755000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-29387000
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-29752000
CY2017Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
383000
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
73000
CY2017Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
297000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-34000
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-29000
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
23120000
CY2017Q2 us-gaap Revenue From Grants
RevenueFromGrants
3000
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45831239 shares

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