2018 Q3 Form 10-Q Financial Statement

#000119312518241301 Filed on August 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 Q2 2017 Q2
Revenue $239.0K $19.89M $3.000K
YoY Change 662933.33% -94.92%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $12.97M $9.490M $6.640M
YoY Change 122.85% 42.92% 11.41%
% of Gross Profit
Research & Development $36.43M $44.73M $23.12M
YoY Change 44.34% 93.49% -5.94%
% of Gross Profit
Depreciation & Amortization $190.0K $180.0K $180.0K
YoY Change 5.56% 0.0% 0.0%
% of Gross Profit
Operating Expenses $49.39M $54.22M $29.76M
YoY Change 59.05% 82.23% -2.55%
Operating Profit -$49.15M -$34.33M -$29.75M
YoY Change 58.28% 15.39% -2.38%
Interest Expense $1.100M $650.0K $410.0K
YoY Change 144.44% 58.54% 24.24%
% of Operating Profit
Other Income/Expense, Net $1.085M $660.0K $383.0K
YoY Change 153.5% 72.32% 20.44%
Pretax Income -$48.07M -$33.67M -$29.37M
YoY Change 56.95% 14.65% -2.62%
Income Tax $14.00K -$17.00K $18.00K
% Of Pretax Income
Net Earnings -$48.08M -$33.66M -$29.39M
YoY Change 56.93% 14.52% -2.56%
Net Earnings / Revenue -20118.41% -169.2% -979566.67%
Basic Earnings Per Share
Diluted Earnings Per Share -$793.5K -$600.1K -$641.3K
COMMON SHARES
Basic Shares Outstanding 60.56M shares 49.85M shares 47.12M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q3 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $206.8M $241.1M $143.5M
YoY Change 73.17% 68.03% 16.95%
Cash & Equivalents $101.6M $119.0M $55.38M
Short-Term Investments $105.2M $122.2M $88.10M
Other Short-Term Assets $4.800M $3.400M $2.300M
YoY Change 108.7% 47.83% 53.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $211.6M $244.6M $145.7M
YoY Change 73.86% 67.82% 17.33%
LONG-TERM ASSETS
Property, Plant & Equipment $2.914M $2.611M $2.473M
YoY Change 26.48% 5.58% -21.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.800M $8.800M $37.30M
YoY Change -87.85% -76.41% -13.05%
Other Assets $700.0K $600.0K $300.0K
YoY Change 133.33% 100.0% 170.27%
Total Long-Term Assets $8.430M $12.03M $40.03M
YoY Change -79.97% -69.94% -14.29%
TOTAL ASSETS
Total Short-Term Assets $211.6M $244.6M $145.7M
Total Long-Term Assets $8.430M $12.03M $40.03M
Total Assets $220.0M $256.6M $185.8M
YoY Change 34.33% 38.14% 8.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.238M $3.794M $3.247M
YoY Change 18.41% 16.85% -20.08%
Accrued Expenses $29.16M $22.97M $12.88M
YoY Change 64.58% 78.39% 15.87%
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 $41.57M $36.54M $17.52M
YoY Change 96.49% 108.58% 12.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.300M $6.600M $1.500M
YoY Change 421.43% 340.0% -16.67%
Total Long-Term Liabilities $7.300M $6.600M $1.500M
YoY Change 421.43% 340.0% -16.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.57M $36.54M $17.52M
Total Long-Term Liabilities $7.300M $6.600M $1.500M
Total Liabilities $48.91M $43.12M $19.04M
YoY Change 116.47% 126.5% 9.84%
SHAREHOLDERS EQUITY
Retained Earnings -$615.5M -$567.5M -$425.7M
YoY Change 34.9% 33.31% 35.67%
Common Stock $786.8M $781.2M $592.5M
YoY Change 31.66% 31.84% 26.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $171.1M $213.5M $166.7M
YoY Change
Total Liabilities & Shareholders Equity $220.0M $256.6M $185.8M
YoY Change 34.33% 38.14% 8.69%

Cashflow Statement

Concept 2018 Q3 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$48.08M -$33.66M -$29.39M
YoY Change 56.93% 14.52% -2.56%
Depreciation, Depletion And Amortization $190.0K $180.0K $180.0K
YoY Change 5.56% 0.0% 0.0%
Cash From Operating Activities -$38.67M -$37.63M -$21.72M
YoY Change 77.79% 73.25% 3.97%
INVESTING ACTIVITIES
Capital Expenditures -$490.0K -$400.0K
YoY Change 4800.0%
Acquisitions
YoY Change
Other Investing Activities $21.06M -$27.21M -$1.140M
YoY Change 2.18% 2286.84% -107.03%
Cash From Investing Activities $20.57M -$27.60M -$1.140M
YoY Change -0.15% 2321.05% -107.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 770.0K 147.1M 52.57M
YoY Change 381.25% 179.87% 21804.17%
NET CHANGE
Cash From Operating Activities -38.67M -37.63M -21.72M
Cash From Investing Activities 20.57M -27.60M -1.140M
Cash From Financing Activities 770.0K 147.1M 52.57M
Net Change In Cash -17.33M 81.90M 29.71M
YoY Change 1650.51% 175.66% -770.65%
FREE CASH FLOW
Cash From Operating Activities -$38.67M -$37.63M -$21.72M
Capital Expenditures -$490.0K -$400.0K
Free Cash Flow -$38.18M -$37.23M
YoY Change 75.62%

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ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
50602000
us-gaap Profit Loss
ProfitLoss
-72114000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
86055000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29891000
us-gaap Share Based Compensation
ShareBasedCompensation
8604000
dei Trading Symbol
TradingSymbol
KPTI
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
653000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
52862194 shares
kpti Proceeds From Payments For Common Stock Issuance Net
ProceedsFromPaymentsForCommonStockIssuanceNet
145720000
CY2017 kpti Tax Cuts And Jobs Act Of2017 Change In Tax Rate Reduction In Deferred Tax Assets
TaxCutsAndJobsActOf2017ChangeInTaxRateReductionInDeferredTaxAssets
42763000
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 Nonoperating Income Expense
NonoperatingIncomeExpense
383000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-29387000
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-29000
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
73000
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
29755000
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-29752000
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 Research And Development Expense
ResearchAndDevelopmentExpense
23120000
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3000
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45831239 shares
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-33629000
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.60
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9489000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-33672000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17000
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
660000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-33655000
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7000
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-78000
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
54223000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-34332000
CY2018Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
430000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
104000
CY2018Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
44734000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19891000
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
56089159 shares

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