$NXTC
NextCure, Inc.

2024 Q4 Form 10-Q Financial Statement

#000155837024014869 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 $3.725M
YoY Change -19.2%
% of Gross Profit
Research & Development $8.770M
YoY Change -20.35%
% of Gross Profit
Depreciation & Amortization $700.0K
YoY Change -26.32%
% of Gross Profit
Operating Expenses $12.50M
YoY Change -20.0%
Operating Profit -$12.50M
YoY Change -20.0%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $955.0K
YoY Change -27.49%
Pretax Income -$11.54M
YoY Change -19.3%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$11.54M
YoY Change -19.31%
Net Earnings / Revenue
Basic Earnings Per Share -$0.41
Diluted Earnings Per Share -$0.41
COMMON SHARES
Basic Shares Outstanding 28.01M 27.98M
Diluted Shares Outstanding 27.98M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.31M
YoY Change -36.29%
Cash & Equivalents $27.70M
Short-Term Investments $47.61M
Other Short-Term Assets $3.385M
YoY Change -24.78%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $78.69M
YoY Change -35.86%
LONG-TERM ASSETS
Property, Plant & Equipment $6.167M
YoY Change -37.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.070M
YoY Change -27.47%
Total Long-Term Assets $11.65M
YoY Change -32.47%
TOTAL ASSETS
Total Short-Term Assets $78.69M
Total Long-Term Assets $11.65M
Total Assets $90.35M
YoY Change -35.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.613M
YoY Change 38.85%
Accrued Expenses $5.059M
YoY Change 26.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.672M
YoY Change 32.36%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $693.0K
YoY Change -14.97%
Total Long-Term Liabilities $693.0K
YoY Change -14.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.672M
Total Long-Term Liabilities $693.0K
Total Liabilities $14.75M
YoY Change 9.39%
SHAREHOLDERS EQUITY
Retained Earnings -$368.5M
YoY Change 18.88%
Common Stock $28.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $75.59M
YoY Change
Total Liabilities & Shareholders Equity $90.35M
YoY Change -35.44%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$11.54M
YoY Change -19.31%
Depreciation, Depletion And Amortization $700.0K
YoY Change -26.32%
Cash From Operating Activities -$11.45M
YoY Change -10.31%
INVESTING ACTIVITIES
Capital Expenditures $170.0K
YoY Change -39.29%
Acquisitions
YoY Change
Other Investing Activities $18.48M
YoY Change 74.97%
Cash From Investing Activities $18.31M
YoY Change 78.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.000K
YoY Change
NET CHANGE
Cash From Operating Activities -11.45M
Cash From Investing Activities 18.31M
Cash From Financing Activities 1.000K
Net Change In Cash 6.854M
YoY Change -375.26%
FREE CASH FLOW
Cash From Operating Activities -$11.45M
Capital Expenditures $170.0K
Free Cash Flow -$11.62M
YoY Change -10.93%

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us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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CY2024Q3 nxtc Cash And Cash Equivalents And Marketable Securities At Carrying Value
CashAndCashEquivalentsAndMarketableSecuritiesAtCarryingValue
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us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;text-indent:0pt;margin:0pt 0pt 10pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">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, the disclosure of assets and liabilities as of the date of the condensed financial statements, and the reported amounts of revenues and expenses during the reporting periods. Although actual results could differ from those estimates, management does not believe that such differences would be material.</p>
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CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
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CY2024Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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CY2024Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
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CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
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CY2024Q3 nxtc Available For Sale Securities Debt Maturities Over One Year Amortized Cost
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CY2024Q3 nxtc Available For Sale Securities Debt Maturities Over One Year Fair Value
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CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
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CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
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CY2024Q3 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
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CY2024Q3 us-gaap Lessee Operating Lease Renewal Term
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CY2024Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Operating Lease Expense
OperatingLeaseExpense
779000
us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Operating Lease Payments
OperatingLeasePayments
843000
us-gaap Operating Lease Payments
OperatingLeasePayments
757000
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
284000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2024Q3 us-gaap Allocated Share Based Compensation Expense
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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CY2024Q1 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27839968
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q3 ecd Rule10b51 Arr Adopted Flag
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CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
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CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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