2022 Q4 Form 10-Q Financial Statement

#000106282222000042 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $28.00K $39.00K
YoY Change 100.0% 69.57%
Cost Of Revenue $0.00
YoY Change
Gross Profit $39.00K
YoY Change 69.57%
Gross Profit Margin 100.0%
Selling, General & Admin $16.33M $12.58M
YoY Change 84.59% 72.22%
% of Gross Profit 32248.72%
Research & Development $13.98M $10.56M
YoY Change -15.28% -32.68%
% of Gross Profit 27069.23%
Depreciation & Amortization $103.0K $108.0K
YoY Change -8.04% 6.93%
% of Gross Profit 276.92%
Operating Expenses $30.31M -$23.13M
YoY Change 19.58% -200.65%
Operating Profit -$23.10M
YoY Change 0.58%
Interest Expense -$1.103M $864.0K
YoY Change 273.9% 405.26%
% of Operating Profit
Other Income/Expense, Net $887.0K $572.0K
YoY Change 6235.71% 5100.0%
Pretax Income -$30.49M -$23.39M
YoY Change 19.07% 1.15%
Income Tax
% Of Pretax Income
Net Earnings -$30.49M -$23.39M
YoY Change 19.07% 1.15%
Net Earnings / Revenue -108907.14% -59966.67%
Basic Earnings Per Share -$0.13
Diluted Earnings Per Share -$0.16 -$133.7K
COMMON SHARES
Basic Shares Outstanding 188.7M shares 183.6M shares
Diluted Shares Outstanding 174.9M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $138.4M $136.2M
YoY Change 59.5% 12.64%
Cash & Equivalents $46.35M $18.83M
Short-Term Investments $92.01M $117.4M
Other Short-Term Assets $2.481M $2.821M
YoY Change 14.65% -7.93%
Inventory $0.00
Prepaid Expenses
Receivables $28.00K $39.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $140.9M $139.1M
YoY Change 58.42% 12.14%
LONG-TERM ASSETS
Property, Plant & Equipment $2.071M $932.0K
YoY Change 76.11% -28.91%
Goodwill $44.54M $44.54M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.819M $7.147M
YoY Change 200.53% 189.24%
Total Long-Term Assets $53.43M $52.62M
YoY Change 11.35% 8.89%
TOTAL ASSETS
Total Short-Term Assets $140.9M $139.1M
Total Long-Term Assets $53.43M $52.62M
Total Assets $194.3M $191.7M
YoY Change 41.92% 11.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.40M $9.427M
YoY Change 13.58% 12.97%
Accrued Expenses $12.78M $9.018M
YoY Change -1.5% -36.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.17M $18.45M
YoY Change 4.74% -46.14%
LONG-TERM LIABILITIES
Long-Term Debt $48.58M $23.78M
YoY Change
Other Long-Term Liabilities $5.424M $5.438M
YoY Change 355.8% 267.18%
Total Long-Term Liabilities $5.424M $29.22M
YoY Change 355.8% 1873.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.17M $18.45M
Total Long-Term Liabilities $5.424M $29.22M
Total Liabilities $77.18M $47.67M
YoY Change 231.02% 33.42%
SHAREHOLDERS EQUITY
Retained Earnings -$1.590B -$1.559B
YoY Change 6.85% 6.64%
Common Stock $189.0K $189.0K
YoY Change 26.0% 26.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.061M $2.061M
YoY Change -72.59% -72.59%
Treasury Stock Shares 488.0K shares 488.0K shares
Shareholders Equity $117.1M $144.0M
YoY Change
Total Liabilities & Shareholders Equity $194.3M $191.7M
YoY Change 41.92% 11.23%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$30.49M -$23.39M
YoY Change 19.07% 1.15%
Depreciation, Depletion And Amortization $103.0K $108.0K
YoY Change -8.04% 6.93%
Cash From Operating Activities -$21.57M -$19.44M
YoY Change -5.52% 13.35%
INVESTING ACTIVITIES
Capital Expenditures $1.246M -$4.000K
YoY Change -5517.39% -98.12%
Acquisitions
YoY Change
Other Investing Activities $25.42M -$77.19M
YoY Change 315.43% 41179.14%
Cash From Investing Activities $24.17M -$77.20M
YoY Change 296.56% 19199.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.91M 94.02M
YoY Change -320.0% 375.3%
NET CHANGE
Cash From Operating Activities -21.57M -19.44M
Cash From Investing Activities 24.17M -77.20M
Cash From Financing Activities 24.91M 94.02M
Net Change In Cash 27.51M -2.616M
YoY Change -198.07% -217.26%
FREE CASH FLOW
Cash From Operating Activities -$21.57M -$19.44M
Capital Expenditures $1.246M -$4.000K
Free Cash Flow -$22.82M -$19.43M
YoY Change 0.04% 14.75%

Facts In Submission

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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
180000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
8252000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
8349000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
396000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
46000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
26000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-372000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
470000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1985000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-329000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-459000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4637000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-13433000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-67282000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-64189000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
80000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1198000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
133363000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
28880000 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
38191000 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
26092000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-95252000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3986000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
94268000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
36705000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
864000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2675000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
23899000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
117303000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
34030000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-45231000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-34145000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
64065000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
126263000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18834000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
92118000 usd
us-gaap Interest Paid Net
InterestPaidNet
1281000 usd
us-gaap Interest Paid Net
InterestPaidNet
307000 usd
CY2022Q3 lxrx Initial Recognition Of Right Of Use Asset
InitialRecognitionOfRightOfUseAsset
5206000 usd
CY2021Q3 lxrx Initial Recognition Of Right Of Use Asset
InitialRecognitionOfRightOfUseAsset
1704000 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
698 usd
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
0 usd
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
6321 usd
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
0 usd
us-gaap Business Exit Costs1
BusinessExitCosts1
1500 usd
us-gaap Business Exit Costs1
BusinessExitCosts1
0 usd
us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.</span>
CY2022Q3 lxrx Accrued Research And Development Services Current
AccruedResearchAndDevelopmentServicesCurrent
1184000 usd
CY2021Q4 lxrx Accrued Research And Development Services Current
AccruedResearchAndDevelopmentServicesCurrent
3669000 usd
CY2022Q3 lxrx Accrued Compensation And Benefits Current
AccruedCompensationAndBenefitsCurrent
5709000 usd
CY2021Q4 lxrx Accrued Compensation And Benefits Current
AccruedCompensationAndBenefitsCurrent
5711000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1406000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1089000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
719000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2503000 usd
CY2022Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
9018000 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
12972000 usd
CY2021Q1 lxrx Lexicon Incremental Borrowing Rate
LexiconIncrementalBorrowingRate
9
CY2022Q3 lxrx Lexicon Incremental Borrowing Rate
LexiconIncrementalBorrowingRate
9.7
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
CY2022Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
18834000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
117369000 usd
CY2022Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
136203000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
64065000 usd
CY2021Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
22678000 usd
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
86743000 usd
CY2022Q3 lxrx Oxford Loan Facility
OxfordLoanFacility
150000000 usd
CY2025 lxrx A2027 Oxford Principal Payments
A2027OxfordPrincipalPayments
8700000 usd
CY2026 lxrx A2026 Oxford Principal Payments
A2026OxfordPrincipalPayments
13000000 usd
CY2027 lxrx A2027 Oxford Principal Payments
A2027OxfordPrincipalPayments
4800000 usd
CY2022Q1 lxrx Term Loan A
TermLoanA
25000000 usd
CY2022Q4 lxrx Term Loan B
TermLoanB
25000000 usd
CY2023Q2 lxrx Term Loan C
TermLoanC
50000000 usd
CY2024Q4 lxrx Term Loan D
TermLoanD
50000000 usd
CY2022Q3 lxrx Term Loan Ab Warrant
TermLoanABWarrant
0.0350
CY2022Q3 lxrx Term Loan C Warrant
TermLoanCWarrant
0.0175
CY2022Q3 lxrx Term Loan D Warrant
TermLoanDWarrant
0.00875
CY2022Q1 lxrx Term Loan A Warrants Number
TermLoanAWarrantsNumber
420673 shares
CY2022Q1 lxrx Term Loan A Warrant Exercise Price
TermLoanAWarrantExercisePrice
2.08
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
700000 usd
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
700000 usd
CY2022Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0790
CY2022Q3 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0801
us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.1045
CY2022Q3 lxrx Final Payment With No Extention
FinalPaymentWithNoExtention
0.06 rate
CY2022Q3 lxrx Final Payment With Extention
FinalPaymentWithExtention
0.07 rate
CY2022Q3 lxrx Term Loan A Final Payment
TermLoanAFinalPayment
1500000 usd
CY2022Q3 lxrx Term Loan A Net Cash Receipt
TermLoanANetCashReceipt
24200000 usd
CY2022Q3 lxrx Term Loan A Debt Issuance Costs
TermLoanADebtIssuanceCosts
400000 usd
CY2022Q3 lxrx Oxford Facility Fee
OxfordFacilityFee
500000 usd
CY2022Q3 lxrx Term Loan A Final Payment
TermLoanAFinalPayment
1500000 usd
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
700000 usd
CY2022Q3 lxrx Oxford Amendment Fee
OxfordAmendmentFee
300000 usd
CY2022Q3 lxrx Term Loan A Debt Discount
TermLoanADebtDiscount
2700000 usd
lxrx Term Loan A Interest Expense
TermLoanAInterestExpense
1600000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
23800000 usd
CY2014Q4 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
87500000 usd
CY2014Q4 lxrx Conv Debt Instrument Interest Rate Stated Percentage
ConvDebtInstrumentInterestRateStatedPercentage
0.0525
CY2020Q3 lxrx Convertible Debt Exchange Total Principal Amount
ConvertibleDebtExchangeTotalPrincipalAmount
75800000 usd
CY2021Q4 lxrx Convertible Debt Exchange Remaining Notes
ConvertibleDebtExchangeRemainingNotes
11600000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7100000 usd
CY2022Q3 us-gaap Short Term Lease Commitment Amount
ShortTermLeaseCommitmentAmount
1400000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
5400000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
292000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
805000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1378000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1219000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
865000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6525000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11084000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4240000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
6844000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1406000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
5438000 usd
CY2021Q1 lxrx Shares Sold In January2021 Atm Offering
SharesSoldInJanuary2021ATMOffering
2000000 shares
CY2021Q1 lxrx Share Price In January2021 Atm Offering
SharePriceInJanuary2021ATMOffering
8.463 shares
CY2021Q1 lxrx Proceeds From January2021 Atm Offering
ProceedsFromJanuary2021ATMOffering
16400000 usd
CY2021Q3 lxrx Shares Sold In September2021 Atm Offerring
SharesSoldInSeptember2021ATMOfferring
4176953 shares
CY2021Q3 lxrx Share Price In September2021 Atm Offerring
SharePriceInSeptember2021ATMOfferring
4.732 usd
CY2021Q3 lxrx Proceeds From September2021 Atm Offering
ProceedsFromSeptember2021ATMOffering
19.1 usd
CY2022Q3 lxrx Shares Sold In July2022 Offering
SharesSoldInJuly2022Offering
39100000 shares
CY2022Q3 lxrx Share Price In July2022 Offering
SharePriceInJuly2022Offering
2.50 usd
CY2022Q3 lxrx Proceeds From July2022 Offering
ProceedsFromJuly2022Offering
94300000 usd

Files In Submission

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0001062822-22-000042-index-headers.html Edgar Link pending
0001062822-22-000042-index.html Edgar Link pending
0001062822-22-000042.txt Edgar Link pending
0001062822-22-000042-xbrl.zip Edgar Link pending
exh311certificationofprinc.htm Edgar Link pending
exh312certificationofprinc.htm Edgar Link pending
exh321certificationofprinc.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lxrx-20220930.htm Edgar Link pending
lxrx-20220930.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
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lxrx-20220930_cal.xml Edgar Link unprocessable
lxrx-20220930_def.xml Edgar Link unprocessable
lxrx-20220930_lab.xml Edgar Link unprocessable
lxrx-20220930_pre.xml Edgar Link unprocessable
lxrx-20220930_htm.xml Edgar Link completed