2024 Q4 Form 10-Q Financial Statement
#000181577624000071 Filed on November 06, 2024
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 | $6.494M | |
YoY Change | -42.48% | |
% of Gross Profit | ||
Research & Development | $6.451M | |
YoY Change | 170.6% | |
% of Gross Profit | ||
Depreciation & Amortization | $10.00K | |
YoY Change | -98.75% | |
% of Gross Profit | ||
Operating Expenses | $12.95M | |
YoY Change | -48.28% | |
Operating Profit | -$12.95M | |
YoY Change | -48.28% | |
Interest Expense | $2.736M | |
YoY Change | -7.57% | |
% of Operating Profit | ||
Other Income/Expense, Net | $2.730M | |
YoY Change | 7.4% | |
Pretax Income | -$10.22M | |
YoY Change | -54.58% | |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$10.22M | |
YoY Change | -54.57% | |
Net Earnings / Revenue | ||
Basic Earnings Per Share | -$0.38 | |
Diluted Earnings Per Share | -$0.38 | |
COMMON SHARES | ||
Basic Shares Outstanding | 27.50M shares | 27.50M shares |
Diluted Shares Outstanding | 27.17M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $217.1M | |
YoY Change | -7.21% | |
Cash & Equivalents | $41.05M | |
Short-Term Investments | $176.1M | |
Other Short-Term Assets | $3.597M | |
YoY Change | -25.06% | |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $220.7M | |
YoY Change | -7.57% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $372.0K | |
YoY Change | -97.03% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $1.398M | |
YoY Change | ||
Total Long-Term Assets | $3.303M | |
YoY Change | -87.97% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $220.7M | |
Total Long-Term Assets | $3.303M | |
Total Assets | $224.0M | |
YoY Change | -15.86% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.762M | |
YoY Change | -26.41% | |
Accrued Expenses | $4.948M | |
YoY Change | -43.77% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $7.710M | |
YoY Change | -38.5% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | ||
Other Long-Term Liabilities | $64.00K | |
YoY Change | -99.87% | |
Total Long-Term Liabilities | $64.00K | |
YoY Change | -99.87% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $7.710M | |
Total Long-Term Liabilities | $64.00K | |
Total Liabilities | $8.727M | |
YoY Change | -85.97% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$132.4M | |
YoY Change | -61.52% | |
Common Stock | $0.00 | |
YoY Change | -100.0% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $215.3M | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $224.0M | |
YoY Change | -15.86% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$10.22M | |
YoY Change | -54.57% | |
Depreciation, Depletion And Amortization | $10.00K | |
YoY Change | -98.75% | |
Cash From Operating Activities | -$10.58M | |
YoY Change | 12.56% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $186.0K | |
YoY Change | -96.14% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$62.04M | |
YoY Change | -190.32% | |
Cash From Investing Activities | -$62.23M | |
YoY Change | -197.43% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 29.82M | |
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | -10.58M | |
Cash From Investing Activities | -62.23M | |
Cash From Financing Activities | 29.82M | |
Net Change In Cash | -42.99M | |
YoY Change | -178.92% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$10.58M | |
Capital Expenditures | $186.0K | |
Free Cash Flow | -$10.77M | |
YoY Change | -24.28% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity File Number
EntityFileNumber
|
001-40532 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001815776 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
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Amendment Flag
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|
false | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
84-4867570 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
201 Lomas Santa Fe Dr., Suite 300 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Solana Beach | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
CA | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
92075 | ||
dei |
City Area Code
CityAreaCode
|
858 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
925-7000 | ||
dei |
Security12b Title
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|
Common Stock, par value $0.00001 per share | ||
dei |
Trading Symbol
TradingSymbol
|
LENZ | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | ||
dei |
Entity Current Reporting Status
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Yes | ||
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Entity Interactive Data Current
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Entity Filer Category
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Non-accelerated Filer | ||
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Property Plant And Equipment Net
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Liabilities
Liabilities
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Commitments And Contingencies
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Temporary Equity Carrying Amount Attributable To Parent
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Common Stock Par Or Stated Value Per Share
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|
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Stock Issued During Period Value Reverse Recapitalization
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Stock Issued During Period Value New Issues
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CY2024Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-61000 | usd |
CY2024Q2 | lenz |
Stock Issued During Period Value Stock Options Exercised Early
StockIssuedDuringPeriodValueStockOptionsExercisedEarly
|
28000 | usd |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1597000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10254000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
192921000 | usd |
CY2024Q3 | lenz |
Adjustments To Additional Paid In Capital Reverse Recapitalization Accounting And Issuance Of Common Stock
AdjustmentsToAdditionalPaidInCapitalReverseRecapitalizationAccountingAndIssuanceOfCommonStock
|
29000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
29693000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
57000 | usd |
CY2024Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
585000 | usd |
CY2024Q3 | lenz |
Stock Issued During Period Value Stock Options Exercised Early
StockIssuedDuringPeriodValueStockOptionsExercisedEarly
|
19000 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2191000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10215000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
215280000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-24169000 | usd |
CY2023Q1 | lenz |
Stock Issued During Period Value Stock Options Exercised Early
StockIssuedDuringPeriodValueStockOptionsExercisedEarly
|
19000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
142000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12670000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-36678000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-14000 | usd |
CY2023Q2 | lenz |
Stock Issued During Period Value Stock Options Exercised Early
StockIssuedDuringPeriodValueStockOptionsExercisedEarly
|
19000 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
189000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14726000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-51210000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
9000 | usd |
CY2023Q3 | lenz |
Stock Issued During Period Value Stock Options Exercised Early
StockIssuedDuringPeriodValueStockOptionsExercisedEarly
|
19000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
494000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18880000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-69568000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-37117000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-46276000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
33000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
11000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
2593000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
546000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
1047000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
146000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4735000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
825000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
684000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-485000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-5599000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-232000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-8758000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
6167000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
1377000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-10000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-50313000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-39410000 | usd | |
us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
195297000 | usd | |
us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
46264000 | usd | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
53000000 | usd | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
1500000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
319000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
30000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-142616000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-44794000 | usd | |
us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
82976000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
568000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
79598000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd | |
lenz |
Proceeds From Merger Cash Cash Equivalents And Restricted Cash Financing Activities
ProceedsFromMergerCashCashEquivalentsAndRestrictedCashFinancingActivities
|
117824000 | usd | |
lenz |
Proceeds From Merger Cash Cash Equivalents And Restricted Cash Financing Activities
ProceedsFromMergerCashCashEquivalentsAndRestrictedCashFinancingActivities
|
0 | usd | |
lenz |
Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
|
2373000 | usd | |
lenz |
Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
|
0 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3900000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
203000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
198949000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
82611000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
6020000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1593000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
35140000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
44441000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
41160000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
42848000 | usd |
lenz |
Reclassification Of Warrant Liability To Equity
ReclassificationOfWarrantLiabilityToEquity
|
1918000 | usd | |
lenz |
Reclassification Of Warrant Liability To Equity
ReclassificationOfWarrantLiabilityToEquity
|
0 | usd | |
lenz |
Prepaid Expenses And Other Current Assets Acquired Through Reverse Recapitalization
PrepaidExpensesAndOtherCurrentAssetsAcquiredThroughReverseRecapitalization
|
1313000 | usd | |
lenz |
Prepaid Expenses And Other Current Assets Acquired Through Reverse Recapitalization
PrepaidExpensesAndOtherCurrentAssetsAcquiredThroughReverseRecapitalization
|
0 | usd | |
lenz |
Accounts Payable And Accrued Liabilities Acquired Through Reverse Recapitalization
AccountsPayableAndAccruedLiabilitiesAcquiredThroughReverseRecapitalization
|
2950000 | usd | |
lenz |
Accounts Payable And Accrued Liabilities Acquired Through Reverse Recapitalization
AccountsPayableAndAccruedLiabilitiesAcquiredThroughReverseRecapitalization
|
0 | usd | |
lenz |
Common Stock Issuance Costs Included In Accounts Payable And Accrued Expenses
CommonStockIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses
|
81000 | usd | |
lenz |
Common Stock Issuance Costs Included In Accounts Payable And Accrued Expenses
CommonStockIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses
|
0 | usd | |
lenz |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability Merger
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityMerger
|
146000 | usd | |
lenz |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability Merger
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityMerger
|
0 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1205000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
190000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
32000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
0 | usd | |
lenz |
Deferred Offering Costs Including In Accounts Payable And Accrued Expenses
DeferredOfferingCostsIncludingInAccountsPayableAndAccruedExpenses
|
0 | usd | |
lenz |
Deferred Offering Costs Including In Accounts Payable And Accrued Expenses
DeferredOfferingCostsIncludingInAccountsPayableAndAccruedExpenses
|
1298000 | usd | |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-132400000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
217200000 | usd |
CY2024Q1 | lenz |
Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
|
0.2022 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of expenses during the reporting period. Estimates used in preparing the accompanying financial statements include, but are not limited to, estimates related to the research and development accruals, preferred stock warrants liability, and share-based compensation. Although actual results could differ from those estimates, management does not believe that such differences would be material. | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments, which potentially subject the Company to a concentration of credit risk, consist primarily of cash and cash equivalents and marketable securities. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. The Company has not experienced any losses in such accounts and 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.</span></div> | ||
CY2024Q3 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
100000 | usd |
CY2023Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
2700000 | usd |
CY2024Q3 | us-gaap |
Deferred Costs
DeferredCosts
|
0 | usd |
CY2024Q3 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | usd |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | usd |
CY2023Q3 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
0 | usd |
CY2024Q3 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
0 | usd |
us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
0 | usd | |
us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
0 | usd | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2024Q1 | lenz |
Number Of Board Of Director Members Former Stockholder
NumberOfBoardOfDirectorMembersFormerStockholder
|
5 | member |
CY2024Q1 | lenz |
Number Of Board Of Directors Combined Company
NumberOfBoardOfDirectorsCombinedCompany
|
7 | member |
CY2024Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
8670653 | shares |
CY2024Q1 | lenz |
Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
|
0.2022 | |
CY2024Q1 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
15409102 | shares |
CY2024Q1 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
53500000 | usd |
CY2024Q1 | us-gaap |
Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
|
0.56 | |
CY2024Q1 | lenz |
Cash And Cash Equivalents Acquired Through Reverse Recapitalization
CashAndCashEquivalentsAcquiredThroughReverseRecapitalization
|
112600000 | usd |
CY2024Q1 | lenz |
Assets Acquired Through Reverse Recapitalization
AssetsAcquiredThroughReverseRecapitalization
|
1500000 | usd |
CY2024Q1 | lenz |
Payables And Accruals Acquired Through Reverse Recapitalization
PayablesAndAccrualsAcquiredThroughReverseRecapitalization
|
3200000 | usd |
CY2024Q1 | lenz |
Adjustments To Additional Paid In Capital Recapitalization Transaction Costs
AdjustmentsToAdditionalPaidInCapitalRecapitalizationTransactionCosts
|
5200000 | usd |
lenz |
Reverse Recapitalization Acceleration Of Stock Awards Expense
ReverseRecapitalizationAccelerationOfStockAwardsExpense
|
300000 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
33865000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
176061000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
7962000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
30654000 | usd |
CY2023Q4 | lenz |
Warrant Liability Noncurrent
WarrantLiabilityNoncurrent
|
871000 | usd |
CY2023Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
871000 | usd |
CY2024Q3 | lenz |
Cash Cash Equivalents And Available For Sale Debt Securities Amortized Cost
CashCashEquivalentsAndAvailableForSaleDebtSecuritiesAmortizedCost
|
209402000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
541000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
17000 | usd |
CY2024Q3 | lenz |
Cash Cash Equivalents And Available For Sale Debt Securities
CashCashEquivalentsAndAvailableForSaleDebtSecurities
|
209926000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
|
30646000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
11000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
3000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
30654000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
|
165612000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
|
166073000 | usd |
CY2024Q3 | lenz |
Debt Securities Available For Sale Maturity Allocated And Single Maturity Date Rolling After One Through Five Years Amortized Cost
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateRollingAfterOneThroughFiveYearsAmortizedCost
|
9926000 | usd |
CY2024Q3 | lenz |
Debt Securities Available For Sale Maturity Allocated And Single Maturity Date Rolling After One Year Fair Value
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateRollingAfterOneYearFairValue
|
9988000 | usd |
CY2024Q3 | us-gaap |
Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
|
175538000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
176061000 | usd |
CY2024Q3 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
8 | position |
CY2024Q3 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
11700000 | usd |
CY2024Q3 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
8 | position |
CY2024Q3 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
0 | usd |
CY2024Q1 | us-gaap |
Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
|
0 | usd |
CY2024Q1 | us-gaap |
Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
|
0 | usd |
CY2024Q3 | us-gaap |
Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
|
1300000 | usd |
CY2024Q3 | us-gaap |
Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
|
0 | usd |
CY2024Q3 | us-gaap |
Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
|
0 | usd |
us-gaap |
Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
|
0 | usd | |
CY2024Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2190000 | usd |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1998000 | usd |
CY2024Q3 | lenz |
Accrued Sales General And Administrative Expense Current
AccruedSalesGeneralAndAdministrativeExpenseCurrent
|
1146000 | usd |
CY2023Q4 | lenz |
Accrued Sales General And Administrative Expense Current
AccruedSalesGeneralAndAdministrativeExpenseCurrent
|
376000 | usd |
CY2024Q3 | lenz |
Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
|
982000 | usd |
CY2023Q4 | lenz |
Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
|
10289000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
625000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
137000 | usd |
CY2024Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
5000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
3000 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
4948000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
12803000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
|
P2Y9M18D | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.077 | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
151000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
577000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
511000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
361000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1600000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
168000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1432000 | usd |
lenz |
Number Of Demand Letters Received
NumberOfDemandLettersReceived
|
12 | demand_letter | |
CY2023Q4 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
53761506 | shares |
CY2024Q1 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
53761506 | shares |
CY2024Q1 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.001 | |
CY2024Q1 | lenz |
Stock Issued During Period Shares Reverse Recapitalization
StockIssuedDuringPeriodSharesReverseRecapitalization
|
8320485 | shares |
CY2024Q3 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
1578947 | shares |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2024Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
19.00 | |
CY2024Q3 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
30000000.0 | usd |
lenz |
Common Stock Voting Rights Votes Per Share
CommonStockVotingRightsVotesPerShare
|
1 | vote | |
CY2024Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
4980809 | shares |
CY2024Q1 | lenz |
Class Of Warrant Or Right Preferred Stock Warrants Conversion To Common Stock Warrants
ClassOfWarrantOrRightPreferredStockWarrantsConversionToCommonStockWarrants
|
164676 | shares |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
1900000 | usd |
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2191000 | usd |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
494000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4735000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
825000 | usd | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3099592 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
13404320 | shares | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |