2024 Q2 Form 10-Q Financial Statement

#000155837024007477 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $282.0K $697.0K
YoY Change -92.03% -79.09%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $11.26M $13.15M
YoY Change -9.13% 2.94%
% of Gross Profit
Research & Development $34.93M $34.32M
YoY Change 75.22% 53.76%
% of Gross Profit
Depreciation & Amortization $3.222M $3.275M
YoY Change -0.77% 5.92%
% of Gross Profit
Operating Expenses $46.19M $47.47M
YoY Change 42.9% 35.26%
Operating Profit -$45.91M -$46.77M
YoY Change 59.49% 47.27%
Interest Expense $3.254M $3.250M
YoY Change -3.01% 6.21%
% of Operating Profit
Other Income/Expense, Net -$49.00K -$48.00K
YoY Change 4800.0% -580.0%
Pretax Income -$48.62M -$20.44M
YoY Change 64.36% -32.68%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$48.62M -$20.44M
YoY Change 64.36% -32.68%
Net Earnings / Revenue -17241.13% -2932.86%
Basic Earnings Per Share -$0.76 -$0.32
Diluted Earnings Per Share -$0.76 -$0.32
COMMON SHARES
Basic Shares Outstanding 64.31M 64.22M
Diluted Shares Outstanding 64.38M 64.07M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $99.97M $119.2M
YoY Change 7.76% 73.3%
Cash & Equivalents $99.97M $119.2M
Short-Term Investments
Other Short-Term Assets $660.0K $932.0K
YoY Change -57.34% -40.29%
Inventory
Prepaid Expenses $4.955M $5.076M
Receivables $1.628M $10.92M
Other Receivables $3.557M $13.17M
Total Short-Term Assets $110.8M $149.3M
YoY Change -22.61% 22.9%
LONG-TERM ASSETS
Property, Plant & Equipment $108.8M $111.4M
YoY Change -4.53% -1.04%
Goodwill
YoY Change
Intangibles $969.0K $1.038M
YoY Change -22.6% -19.85%
Long-Term Investments $6.766M $6.766M
YoY Change 6.96% 6.96%
Other Assets $1.139M $1.138M
YoY Change -22.25% -20.31%
Total Long-Term Assets $155.9M $159.9M
YoY Change -6.73% -4.03%
TOTAL ASSETS
Total Short-Term Assets $110.8M $149.3M
Total Long-Term Assets $155.9M $159.9M
Total Assets $266.7M $309.2M
YoY Change -14.06% 7.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.40M $21.22M
YoY Change -24.91% -28.67%
Accrued Expenses $16.93M $17.35M
YoY Change -31.99% -44.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $47.01M $47.54M
YoY Change -34.53% -41.38%
LONG-TERM LIABILITIES
Long-Term Debt $72.67M $72.39M
YoY Change 1.53% 1.53%
Other Long-Term Liabilities $66.94M $67.57M
YoY Change 55.05% 49.08%
Total Long-Term Liabilities $139.6M $140.0M
YoY Change 21.67% 20.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.01M $47.54M
Total Long-Term Liabilities $139.6M $140.0M
Total Liabilities $186.6M $187.5M
YoY Change -0.07% -5.26%
SHAREHOLDERS EQUITY
Retained Earnings -$623.3M -$574.7M
YoY Change 17.58% 14.8%
Common Stock $3.000K $2.000K
YoY Change 50.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $80.04M $121.7M
YoY Change
Total Liabilities & Shareholders Equity $266.7M $309.2M
YoY Change -14.06% 7.32%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$48.62M -$20.44M
YoY Change 64.36% -32.68%
Depreciation, Depletion And Amortization $3.222M $3.275M
YoY Change -0.77% 5.92%
Cash From Operating Activities -$19.46M -$36.70M
YoY Change -32.94% -1.87%
INVESTING ACTIVITIES
Capital Expenditures $1.329M $1.678M
YoY Change -73.29% -80.5%
Acquisitions
YoY Change
Other Investing Activities $0.00 $29.02M
YoY Change
Cash From Investing Activities -$1.329M $27.34M
YoY Change -73.29% -417.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.603M -1.270M
YoY Change -97.23% 3.17%
NET CHANGE
Cash From Operating Activities -19.46M -36.70M
Cash From Investing Activities -1.329M 27.34M
Cash From Financing Activities 1.603M -1.270M
Net Change In Cash -19.18M -10.63M
YoY Change -180.06% -77.5%
FREE CASH FLOW
Cash From Operating Activities -$19.46M -$36.70M
Capital Expenditures $1.329M $1.678M
Free Cash Flow -$20.79M -$38.38M
YoY Change -38.84% -16.58%

Facts In Submission

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-47228000
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
287000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
496000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
130649000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115516000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120265000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
68784000
CY2024Q1 us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
1558000
CY2023Q1 us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
3162000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
2953000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
1572000
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-574700000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-36700000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120300000
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 24.45pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 24.45pt;">Management considers many factors in selecting appropriate financial accounting policies and controls, and in developing the estimates and assumptions that are used in the preparation of these condensed consolidated financial statements. Management must apply significant judgment in this process. In addition, other factors may affect estimates, including expected business and operational changes, sensitivity and volatility associated with the assumptions used in developing estimates, and whether historical trends are expected to be representative of future trends. The estimation process often may yield a range of potentially reasonable estimates of the ultimate future outcomes and management must select an amount that falls within that range of reasonable estimates. This process may result in actual results differing materially from those estimated amounts used in the preparation of the financial statements if these results differ from historical experience, or other assumptions do not turn out to be substantially accurate, even if such assumptions are reasonable when made. In preparing these condensed consolidated financial statements, management used significant estimates in the following areas, among others: collaboration revenue, fair value of nonfinancial assets, stand-alone selling price and material rights in connection with the Asset Purchase and Supply Agreements, the accounting for research and development costs, share-based compensation, leases, asset retirement obligations, fair value of financial instruments and tax incentive receivable.</p>
CY2024Q1 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
6665000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
119206000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
129566000
CY2024Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1059000
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1083000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120265000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
130649000
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2401000
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2179000
CY2024Q1 mgtx Asset Retirement Obligations Amortization Of Interest
AssetRetirementObligationsAmortizationOfInterest
48000
CY2023Q1 mgtx Asset Retirement Obligations Amortization Of Interest
AssetRetirementObligationsAmortizationOfInterest
44000
CY2024Q1 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
-9000
CY2023Q1 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
15000
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2238000
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13464394
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11796179
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
150972000
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
157356000
CY2024Q1 us-gaap Equity Method Investment Quoted Market Value
EquityMethodInvestmentQuotedMarketValue
6766000
CY2024Q1 mgtx Accrued Clinical Trial Costs
AccruedClinicalTrialCosts
5610000
CY2023Q4 mgtx Accrued Clinical Trial Costs
AccruedClinicalTrialCosts
8713000
CY2024Q1 mgtx Accrued Research And Development
AccruedResearchAndDevelopment
2646000
CY2023Q4 mgtx Accrued Research And Development
AccruedResearchAndDevelopment
5834000
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2424000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
6499000
CY2024Q1 mgtx Accrued Consulting Expenses
AccruedConsultingExpenses
1966000
CY2023Q4 mgtx Accrued Consulting Expenses
AccruedConsultingExpenses
2104000
CY2024Q1 mgtx Accrued Liabilities Accrued Compensation And Benefits
AccruedLiabilitiesAccruedCompensationAndBenefits
1961000
CY2023Q4 mgtx Accrued Liabilities Accrued Compensation And Benefits
AccruedLiabilitiesAccruedCompensationAndBenefits
12129000
CY2024Q1 mgtx Accrued Liabilities Accrued Manufacturing Costs Expense
AccruedLiabilitiesAccruedManufacturingCostsExpense
1804000
CY2023Q4 mgtx Accrued Liabilities Accrued Manufacturing Costs Expense
AccruedLiabilitiesAccruedManufacturingCostsExpense
2634000
CY2024Q1 mgtx Accrued Expenses Incurred In Connection With Fixed Assets
AccruedExpensesIncurredInConnectionWithFixedAssets
641000
CY2023Q4 mgtx Accrued Expenses Incurred In Connection With Fixed Assets
AccruedExpensesIncurredInConnectionWithFixedAssets
1472000
CY2024Q1 mgtx Accrued Expenses Incurred In Connection With Rent And Facility Costs
AccruedExpensesIncurredInConnectionWithRentAndFacilityCosts
138000
CY2023Q4 mgtx Accrued Expenses Incurred In Connection With Rent And Facility Costs
AccruedExpensesIncurredInConnectionWithRentAndFacilityCosts
142000
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
163000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
176000
CY2023Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
2936000
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
17353000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
42639000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8226707
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.96
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M6D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
365100
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.16
CY2023Q1 us-gaap Lease Cost
LeaseCost
1681000
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
107163
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
16.00
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8484644
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.65
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M1D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
6203005
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
13.13
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3M25D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
8484644
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
12.65
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y2M1D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1406
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1406
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4300000
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6200000
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6200000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.77
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6960000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6432000
CY2024Q1 mgtx Modifications To Share Based Compensation
ModificationsToShareBasedCompensation
0
CY2023Q1 mgtx Excess Tax Benefit From Share Based Compensation Operating Activities1
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities1
0
CY2024Q1 mgtx Excess Tax Benefit From Share Based Compensation Operating Activities1
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities1
0
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14835000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15910000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
15984000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
17145000
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
23687000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
24432000
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M18D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P174Y7M6D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P174Y9M18D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.088
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2024Q1 mgtx Gain Loss On Sale Of Nonfinancial Assets
GainLossOnSaleOfNonfinancialAssets
29000000.0
CY2024Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1400000
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1400000
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
281000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
281000
CY2024Q1 us-gaap Variable Lease Cost
VariableLeaseCost
281000
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
281000
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1437000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1361000
CY2024Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
41000
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
39000
CY2024Q1 us-gaap Lease Cost
LeaseCost
1759000
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.088
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.080
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.080
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1419000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1384000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4117000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5495000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5585000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1608000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1319000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
691000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
18815000
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2831000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
15984000
CY2024Q1 mgtx Number Of New Material Commitments
NumberOfNewMaterialCommitments
0
CY2024Q1 ecd Trd Arr Adoption Date
TrdArrAdoptionDate
March 21, 2024
CY2024Q1 ecd Trd Arr Ind Name
TrdArrIndName
Alexandria Forbes, Ph.D.
CY2024Q1 ecd Trd Arr Ind Title
TrdArrIndTitle
President and Chief Executive Officer
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Trd Arr Securities Agg Avail Amt
TrdArrSecuritiesAggAvailAmt
190000

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