2020 Q2 Form 10-Q Financial Statement

#000119312520135561 Filed on May 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q1
Revenue $25.50M $1.244M $1.249M
YoY Change 2158.99% -0.4% 188.45%
Cost Of Revenue $480.0K $860.0K $1.163M
YoY Change -56.36% -26.05% 25.05%
Gross Profit $25.02M $384.0K $86.00K
YoY Change 83300.0% 346.51% -117.3%
Gross Profit Margin 98.1% 30.87% 6.89%
Selling, General & Admin $4.530M $3.860M $3.630M
YoY Change 21.12% 6.34% 45.78%
% of Gross Profit 18.11% 1005.21% 4220.93%
Research & Development $7.860M $8.963M $9.071M
YoY Change -2.12% -1.19% 195.38%
% of Gross Profit 31.41% 2334.11% 10547.67%
Depreciation & Amortization $20.00K $30.00K $20.00K
YoY Change -33.33% 50.0% 100.0%
% of Gross Profit 0.08% 7.81% 23.26%
Operating Expenses $12.39M $8.963M $9.071M
YoY Change 5.18% -1.19% 195.38%
Operating Profit $12.63M -$12.44M -$12.62M
YoY Change -207.49% -1.37% 108.39%
Interest Expense -$31.11M $8.110M -$4.740M
YoY Change -310.2% -271.1% -4409.09%
% of Operating Profit -246.32%
Other Income/Expense, Net $0.00 $0.00 -$5.200M
YoY Change -100.0% -100.0%
Pretax Income -$18.48M -$4.330M -$17.36M
YoY Change -705.9% -75.06% 191.76%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$18.48M -$4.329M -$17.35M
YoY Change -705.37% -75.05% 191.76%
Net Earnings / Revenue -72.44% -347.99% -1389.43%
Basic Earnings Per Share -$0.17 -$0.04 -$0.24
Diluted Earnings Per Share -$0.17 -$0.04 -$0.24
COMMON SHARES
Basic Shares Outstanding 106.0M 106.0M 71.20M
Diluted Shares Outstanding 106.0M 71.20M

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $182.6M $92.80M $82.30M
YoY Change 145.1% 12.76% 127.35%
Cash & Equivalents $12.33M $7.438M $7.426M
Short-Term Investments $170.3M $85.40M $74.90M
Other Short-Term Assets $5.000M $2.100M $3.200M
YoY Change 108.33% -34.38% 255.56%
Inventory
Prepaid Expenses
Receivables $600.0K $500.0K
Other Receivables $20.40M $0.00
Total Short-Term Assets $208.6M $95.40M $85.44M
YoY Change 153.83% 11.66% 130.58%
LONG-TERM ASSETS
Property, Plant & Equipment $1.084M $986.0K $213.0K
YoY Change 431.37% 362.91% 491.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.084M $1.221M $483.0K
YoY Change 133.12% 152.8% 41.64%
TOTAL ASSETS
Total Short-Term Assets $208.6M $95.40M $85.44M
Total Long-Term Assets $1.084M $1.221M $483.0K
Total Assets $209.7M $96.62M $85.93M
YoY Change 153.71% 12.45% 129.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.437M $2.492M $1.969M
YoY Change -49.09% 26.56% 56.39%
Accrued Expenses $6.090M $5.287M $5.685M
YoY Change 33.58% -7.0% 138.66%
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 $23.30M $10.26M $11.85M
YoY Change 62.95% -13.45% 164.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $108.2M $11.90M $36.20M
YoY Change 430.39% -67.13%
Total Long-Term Liabilities $108.2M $11.90M $36.20M
YoY Change 430.39% -67.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.30M $10.26M $11.85M
Total Long-Term Liabilities $108.2M $11.90M $36.20M
Total Liabilities $131.5M $22.13M $48.04M
YoY Change 278.63% -53.95% 967.64%
SHAREHOLDERS EQUITY
Retained Earnings -$277.2M -$258.8M -$234.3M
YoY Change 19.9% 10.45% 20.05%
Common Stock $355.5M $333.3M $272.2M
YoY Change 27.33% 22.45% 19.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $77.06M $74.50M $37.88M
YoY Change
Total Liabilities & Shareholders Equity $209.7M $96.62M $85.93M
YoY Change 153.71% 12.45% 129.77%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$18.48M -$4.329M -$17.35M
YoY Change -705.37% -75.05% 191.76%
Depreciation, Depletion And Amortization $20.00K $30.00K $20.00K
YoY Change -33.33% 50.0% 100.0%
Cash From Operating Activities $69.11M -$10.29M -$11.34M
YoY Change -957.44% -9.26% 81.73%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$780.0K -$40.00K
YoY Change 900.0% 1850.0%
Acquisitions
YoY Change
Other Investing Activities -$84.94M $9.880M $9.800M
YoY Change -951.96% 0.82% 92.53%
Cash From Investing Activities -$85.04M $9.100M $9.760M
YoY Change -953.82% -6.76% 91.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.83M -10.00K 250.0K
YoY Change 7339.29% -104.0%
NET CHANGE
Cash From Operating Activities 69.11M -10.29M -11.34M
Cash From Investing Activities -85.04M 9.100M 9.760M
Cash From Financing Activities 20.83M -10.00K 250.0K
Net Change In Cash 4.900M -1.200M -1.330M
YoY Change 124.77% -9.77% 15.65%
FREE CASH FLOW
Cash From Operating Activities $69.11M -$10.29M -$11.34M
Capital Expenditures -$100.0K -$780.0K -$40.00K
Free Cash Flow $69.21M -$9.510M -$11.30M
YoY Change -959.75% -15.84% 81.09%

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CY2019Q2 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
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dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Document Period End Date
DocumentPeriodEndDate
2020-03-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Trading Symbol
TradingSymbol
MEIP
dei Entity Registrant Name
EntityRegistrantName
MEI Pharma, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001262104
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Small Business
EntitySmallBusiness
true
dei Security12b Title
Security12bTitle
Common Stock
dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2020Q2 dei Entity Common Stock Shares Outstanding
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dei Entity Interactive Data Current
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Yes
dei Entity Address State Or Province
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CA
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meip Number Of Clinical Stage Candidates
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meip Number Of Candidate In An Ongoing Global Registration Trial
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meip Contract With Customer Asset And Liability
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meip Schedule Of Revenue Associated With License Agreement
ScheduleOfRevenueAssociatedWithLicenseAgreement
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CY2020Q1 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0
CY2019Q1 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Shell Company
EntityShellCompany
false
CY2020Q1 meip Profits And Costs Sharing Ratio
ProfitsAndCostsSharingRatio
0.5

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