$LBPH
Longboard Pharmaceuticals Inc

2024 Q4 Form 10-Q Financial Statement

#000095017024123341 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.674M
YoY Change 115.99%
% of Gross Profit
Research & Development $21.45M
YoY Change 104.52%
% of Gross Profit
Depreciation & Amortization $1.000K
YoY Change
% of Gross Profit
Operating Expenses $28.12M
YoY Change 107.07%
Operating Profit -$28.12M
YoY Change 107.07%
Interest Expense $3.655M
YoY Change 452.11%
% of Operating Profit
Other Income/Expense, Net -$71.00K
YoY Change 610.0%
Pretax Income -$24.54M
YoY Change 89.79%
Income Tax
% Of Pretax Income
Net Earnings -$24.54M
YoY Change 89.73%
Net Earnings / Revenue
Basic Earnings Per Share -$0.63
Diluted Earnings Per Share -$0.63
COMMON SHARES
Basic Shares Outstanding 39.05M 38.90M
Diluted Shares Outstanding 38.96M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $288.4M
YoY Change 415.08%
Cash & Equivalents $27.61M
Short-Term Investments $260.8M
Other Short-Term Assets $4.584M
YoY Change 99.3%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $293.0M
YoY Change 402.43%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $244.0K
YoY Change
Total Long-Term Assets $3.975M
YoY Change 634.75%
TOTAL ASSETS
Total Short-Term Assets $293.0M
Total Long-Term Assets $3.975M
Total Assets $297.0M
YoY Change 404.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.132M
YoY Change 211.85%
Accrued Expenses $1.894M
YoY Change 291.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.35M
YoY Change 173.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $3.467M
YoY Change 3367.0%
Total Long-Term Liabilities $3.467M
YoY Change 3367.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.35M
Total Long-Term Liabilities $3.467M
Total Liabilities $21.82M
YoY Change 220.87%
SHAREHOLDERS EQUITY
Retained Earnings -$201.9M
YoY Change 60.88%
Common Stock $476.4M
YoY Change 167.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $275.2M
YoY Change
Total Liabilities & Shareholders Equity $297.0M
YoY Change 404.56%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$24.54M
YoY Change 89.73%
Depreciation, Depletion And Amortization $1.000K
YoY Change
Cash From Operating Activities -$20.60M
YoY Change 54.97%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $33.05M
YoY Change 181.48%
Cash From Investing Activities $33.05M
YoY Change 181.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 560.0K
YoY Change -90.57%
NET CHANGE
Cash From Operating Activities -20.60M
Cash From Investing Activities 33.05M
Cash From Financing Activities 560.0K
Net Change In Cash 13.01M
YoY Change 196.38%
FREE CASH FLOW
Cash From Operating Activities -$20.60M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Current Fiscal Year End Date
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dei Entity File Number
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dei Entity Registrant Name
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Longboard Pharmaceuticals, Inc.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Security12b Title
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<p style="font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.133%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company’s financial statements are prepared in accordance with GAAP. The preparation of the Company’s financial statements requires the Company to make estimates and assumptions that impact the reported amounts of assets, liabilities and expenses and the disclosure of contingent assets and liabilities in the financial statements and accompanying notes. Such estimates include the accrual of R&amp;D expenses and stock-based compensation. Management evaluates its estimates on an ongoing basis. Estimates are based on the Company’s historical experience, knowledge of current events and actions it may undertake in the future, and actual results may materially differ from these estimates and assumptions.</span></p>
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<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentration of Credit Risk</span></p><p style="margin-left:2.32%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;margin-right:2.315%;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.133%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Financial instruments which potentially subject the Company to significant concentration of credit risk consist of cash, cash equivalents and short-term investments. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits and invests in short-term investments with the primary objectives of seeking to preserve principal, achieve liquidity requirements and safeguard funds. Management believes that the Company is not exposed to significant credit risk due to the financial position of the depository institutions in which those deposits are held and the nature, including the credit-ratings, of its short-term investments, but we have not eliminated all credit risk.</span></p>
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