2018 Q2 Form 10-Q Financial Statement

#000119312518159200 Filed on May 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2017 Q1
Revenue $19.89M $10.00M $68.00K
YoY Change 662933.33% 14605.88%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $9.490M $7.620M $6.260M
YoY Change 42.92% 21.73% 12.79%
% of Gross Profit
Research & Development $44.73M $41.32M $24.08M
YoY Change 93.49% 71.58% 10.5%
% of Gross Profit
Depreciation & Amortization $180.0K $170.0K $180.0K
YoY Change 0.0% -5.56% 0.0%
% of Gross Profit
Operating Expenses $54.22M $48.94M $30.35M
YoY Change 82.23% 61.27% 10.96%
Operating Profit -$34.33M -$38.94M -$30.28M
YoY Change 15.39% 28.61% 10.71%
Interest Expense $650.0K $510.0K $400.0K
YoY Change 58.54% 27.5% 37.93%
% of Operating Profit
Other Income/Expense, Net $660.0K $495.0K $385.0K
YoY Change 72.32% 28.57% 32.76%
Pretax Income -$33.67M -$38.45M -$29.89M
YoY Change 14.65% 28.61% 10.48%
Income Tax -$17.00K $12.00K $23.00K
% Of Pretax Income
Net Earnings -$33.66M -$38.46M -$29.92M
YoY Change 14.52% 28.55% 10.56%
Net Earnings / Revenue -169.2% -384.59% -43995.59%
Basic Earnings Per Share
Diluted Earnings Per Share -$600.1K -$775.4K -$714.3K
COMMON SHARES
Basic Shares Outstanding 49.85M shares 49.65M shares 41.90M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $241.1M $130.9M $109.9M
YoY Change 68.03% 19.11% -19.43%
Cash & Equivalents $119.0M $37.50M $25.58M
Short-Term Investments $122.2M $93.40M $84.30M
Other Short-Term Assets $3.400M $2.400M $2.300M
YoY Change 47.83% 4.35% 35.29%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $244.6M $133.3M $112.2M
YoY Change 67.82% 18.79% -18.76%
LONG-TERM ASSETS
Property, Plant & Equipment $2.611M $2.454M $2.654M
YoY Change 5.58% -7.54% -20.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.800M $10.30M $40.30M
YoY Change -76.41% -74.44% -19.72%
Other Assets $600.0K $300.0K $15.00K
YoY Change 100.0% 1900.0% -97.0%
Total Long-Term Assets $12.03M $13.06M $43.21M
YoY Change -69.94% -69.77% -19.98%
TOTAL ASSETS
Total Short-Term Assets $244.6M $133.3M $112.2M
Total Long-Term Assets $12.03M $13.06M $43.21M
Total Assets $256.6M $146.4M $155.4M
YoY Change 38.14% -5.83% -19.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.794M $4.949M $4.245M
YoY Change 16.85% 16.58% 3.31%
Accrued Expenses $22.97M $21.55M $10.74M
YoY Change 78.39% 100.61% 24.13%
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 $36.54M $46.73M $15.48M
YoY Change 108.58% 201.88% 17.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.600M $4.100M $1.600M
YoY Change 340.0% 156.25% -15.79%
Total Long-Term Liabilities $6.600M $4.100M $1.600M
YoY Change 340.0% 156.25% -15.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.54M $46.73M $15.48M
Total Long-Term Liabilities $6.600M $4.100M $1.600M
Total Liabilities $43.12M $50.84M $17.07M
YoY Change 126.5% 197.82% 13.07%
SHAREHOLDERS EQUITY
Retained Earnings -$567.5M -$533.8M -$396.3M
YoY Change 33.31% 34.7% 39.74%
Common Stock $781.2M $629.6M $534.8M
YoY Change 31.84% 17.72% 16.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $213.5M $95.53M $138.4M
YoY Change
Total Liabilities & Shareholders Equity $256.6M $146.4M $155.4M
YoY Change 38.14% -5.83% -19.1%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$33.66M -$38.46M -$29.92M
YoY Change 14.52% 28.55% 10.56%
Depreciation, Depletion And Amortization $180.0K $170.0K $180.0K
YoY Change 0.0% -5.56% 0.0%
Cash From Operating Activities -$37.63M -$34.65M -$24.71M
YoY Change 73.25% 40.23% 6.65%
INVESTING ACTIVITIES
Capital Expenditures -$400.0K $382.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$27.21M $2.870M $550.0K
YoY Change 2286.84% 421.82% -91.9%
Cash From Investing Activities -$27.60M $2.484M $550.0K
YoY Change 2321.05% 351.64% -91.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 147.1M 429.0K 60.00K
YoY Change 179.87% 615.0% -70.0%
NET CHANGE
Cash From Operating Activities -37.63M -34.65M -24.71M
Cash From Investing Activities -27.60M 2.484M 550.0K
Cash From Financing Activities 147.1M 429.0K 60.00K
Net Change In Cash 81.90M -31.70M -24.09M
YoY Change 175.66% 31.6% 48.5%
FREE CASH FLOW
Cash From Operating Activities -$37.63M -$34.65M -$24.71M
Capital Expenditures -$400.0K $382.0K
Free Cash Flow -$37.23M -$35.03M
YoY Change

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OperatingExpenses
48942000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
429000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-38459000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-38942000
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
495000
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
39000
CY2018Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
373000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-108000
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-14000
CY2018Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
429000
CY2018Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
27602000
CY2018Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41321000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4164000
CY2018Q1 dei Trading Symbol
TradingSymbol
KPTI
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
49602809 shares
CY2018Q1 kpti Operating Leases Allowance For Improvements
OperatingLeasesAllowanceForImprovements
438000

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