2022 Q3 Form 10-Q Financial Statement
#000155837022012623 Filed on August 08, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $11.97M | $12.27M | $13.19M |
YoY Change | -1.55% | 4.68% | 79.61% |
Cost Of Revenue | $1.073M | $1.155M | $1.300M |
YoY Change | -18.09% | 5.38% | 45.74% |
Gross Profit | $10.89M | $11.11M | $11.89M |
YoY Change | 0.45% | 4.6% | 84.29% |
Gross Profit Margin | 91.03% | 90.58% | 90.14% |
Selling, General & Admin | $18.72M | $17.93M | $16.62M |
YoY Change | 6.03% | 5.49% | 5.52% |
% of Gross Profit | 171.84% | 161.34% | 139.82% |
Research & Development | $13.72M | $13.10M | $13.10M |
YoY Change | 7.86% | -5.48% | 19.89% |
% of Gross Profit | 125.95% | 117.9% | 110.2% |
Depreciation & Amortization | $509.0K | $552.0K | $557.0K |
YoY Change | -14.31% | -9.06% | -13.78% |
% of Gross Profit | 4.67% | 4.97% | 4.69% |
Operating Expenses | $32.44M | $31.03M | $29.72M |
YoY Change | 6.8% | 0.56% | 11.4% |
Operating Profit | -$21.54M | -$19.92M | -$17.83M |
YoY Change | 10.32% | -1.56% | -11.84% |
Interest Expense | $1.797M | $1.696M | $1.683M |
YoY Change | 8.38% | 2.48% | 0.24% |
% of Operating Profit | |||
Other Income/Expense, Net | -$2.644M | $1.150M | $5.291M |
YoY Change | -111.92% | -90.21% | -77.34% |
Pretax Income | -$24.19M | -$18.77M | -$12.54M |
YoY Change | -1010.35% | 121.27% | -501.99% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$24.19M | -$18.77M | -$12.54M |
YoY Change | -1010.35% | 121.27% | -501.86% |
Net Earnings / Revenue | -202.16% | -152.99% | -95.11% |
Basic Earnings Per Share | -$0.31 | -$0.24 | -$0.16 |
Diluted Earnings Per Share | -$0.31 | -$0.25 | -$0.22 |
COMMON SHARES | |||
Basic Shares Outstanding | 76.97M | 76.76M | 76.75M |
Diluted Shares Outstanding | 76.98M | 82.53M | 82.51M |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $121.0M | $134.5M | $145.4M |
YoY Change | -32.54% | -29.88% | -30.56% |
Cash & Equivalents | $121.0M | $134.5M | $145.4M |
Short-Term Investments | |||
Other Short-Term Assets | $3.318M | $3.801M | $4.670M |
YoY Change | -14.42% | -21.09% | 16.75% |
Inventory | $1.545M | $1.500M | $1.358M |
Prepaid Expenses | |||
Receivables | $19.80M | $20.48M | $23.21M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $145.6M | $160.3M | $174.7M |
YoY Change | -28.6% | -25.96% | -23.44% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $7.196M | $6.680M | $6.614M |
YoY Change | 4.08% | -5.14% | -12.13% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.764M | $1.764M | $1.764M |
YoY Change | 0.0% | 0.0% | -2.0% |
Total Long-Term Assets | $12.96M | $12.75M | $12.97M |
YoY Change | -6.11% | -10.12% | -13.0% |
TOTAL ASSETS | |||
Total Short-Term Assets | $145.6M | $160.3M | $174.7M |
Total Long-Term Assets | $12.96M | $12.75M | $12.97M |
Total Assets | $158.6M | $173.1M | $187.6M |
YoY Change | -27.17% | -24.98% | -22.8% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.308M | $3.703M | $3.420M |
YoY Change | 25.01% | -4.59% | -17.63% |
Accrued Expenses | $21.61M | $19.45M | $17.64M |
YoY Change | 11.65% | 20.2% | 29.92% |
Deferred Revenue | $603.0K | $1.189M | $1.208M |
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $29.27M | $26.11M | $23.96M |
YoY Change | 16.34% | 21.17% | -12.67% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $53.34M | $52.70M | $52.06M |
YoY Change | 4.96% | 4.89% | 31.13% |
Other Long-Term Liabilities | $29.74M | $28.46M | $31.81M |
YoY Change | -45.36% | -63.82% | -65.61% |
Total Long-Term Liabilities | $83.08M | $81.16M | $83.87M |
YoY Change | -21.06% | -37.05% | -36.56% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $29.27M | $26.11M | $23.96M |
Total Long-Term Liabilities | $83.08M | $81.16M | $83.87M |
Total Liabilities | $112.4M | $107.3M | $107.8M |
YoY Change | -13.84% | -28.71% | -32.45% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$601.3M | -$577.1M | -$558.3M |
YoY Change | 10.95% | 5.97% | 4.14% |
Common Stock | $647.5M | $642.9M | $638.1M |
YoY Change | 2.9% | 2.89% | 3.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $46.23M | $65.80M | $79.80M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $158.6M | $173.1M | $187.6M |
YoY Change | -27.17% | -24.98% | -22.8% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$24.19M | -$18.77M | -$12.54M |
YoY Change | -1010.35% | 121.27% | -501.86% |
Depreciation, Depletion And Amortization | $509.0K | $552.0K | $557.0K |
YoY Change | -14.31% | -9.06% | -13.78% |
Cash From Operating Activities | -$13.17M | -$10.88M | -$18.60M |
YoY Change | 1.44% | -45.77% | 7.15% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$794.0K | -$495.0K | $276.0K |
YoY Change | 187.68% | 289.76% | 74.68% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$794.0K | -$495.0K | -$276.0K |
YoY Change | 187.68% | 289.76% | 74.68% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 374.0K | 493.0K | 129.0K |
YoY Change | -44.92% | -81.5% | -111.1% |
NET CHANGE | |||
Cash From Operating Activities | -13.17M | -10.88M | -18.60M |
Cash From Investing Activities | -794.0K | -495.0K | -276.0K |
Cash From Financing Activities | 374.0K | 493.0K | 129.0K |
Net Change In Cash | -13.59M | -10.88M | -18.75M |
YoY Change | 8.03% | -37.9% | 0.36% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$13.17M | -$10.88M | -$18.60M |
Capital Expenditures | -$794.0K | -$495.0K | $276.0K |
Free Cash Flow | -$12.38M | -$10.38M | -$18.88M |
YoY Change | -2.61% | -47.91% | 7.76% |
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13396000 | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
9731000 | ||
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
38412000 | ||
CY2021Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1000 | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-2000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1000 | ||
CY2022Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1150000 | |
CY2021Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
11750000 | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
6440000 | ||
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
35098000 | ||
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18766000 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8481000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-31308000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5360000 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.24 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.41 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76764296 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76324367 | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-29625000 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76755028 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76198384 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.25 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.25 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.47 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.51 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
82533528 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
82093599 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
82524260 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
81967616 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-31308000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-5360000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8490000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7378000 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
2391000 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
2282000 | ||
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
9731000 | ||
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
38412000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1109000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1257000 | ||
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-2000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-653000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
6482000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-950000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
167000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
250000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-89000 | ||
ocul |
Increase Decrease In Operating Lease Assets
IncreaseDecreaseInOperatingLeaseAssets
|
-562000 | ||
ocul |
Increase Decrease In Operating Lease Assets
IncreaseDecreaseInOperatingLeaseAssets
|
-466000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-809000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1255000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1946000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
928000 | ||
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
1189000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-778000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-649000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-29476000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-37415000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
771000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
287000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-771000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-287000 | ||
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
3722000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
140000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1735000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
482000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
490000 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
275000 | ||
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
4167000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
622000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1505000 | ||
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4209000 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12542000 | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
79795000 | |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
11000 | |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
482000 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
87999000 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
129000 | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-36197000 | ||
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
165928000 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
229821000 | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
136303000 | |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
193624000 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
990000 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
1065000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
245000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
8000 | ||
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4281000 | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18766000 | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
65803000 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
76095000 | |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1197000 | |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
91000 | |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3086000 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3121000 | |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
83408000 | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
538000 | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
490000 | |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4292000 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8481000 | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
80247000 | |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-577112000 | |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
134539000 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 24.45pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 24.45pt;"><span style="margin-bottom:5pt;margin-left:0pt;margin-top:5pt;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.13;text-align:justify;text-indent:18pt;margin:6pt 0pt 0pt 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 and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates and assumptions reflected in these financial statements include, but are not </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.13;text-align:justify;margin:0pt;">limited to, revenue recognition, clinical trial accruals and the fair value of derivatives. Estimates are periodically reviewed in light of changes in circumstances, facts and experience. Actual results may differ from these estimates. </p> | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76198384 | ||
CY2021Q2 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
5769232 | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 24.45pt;"><span style="font-style:italic;font-weight:bold;">Concentration of Credit Risk and of Significant Suppliers and Customers</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 24.45pt;"><span style="font-style:italic;font-weight:bold;margin-bottom:5pt;margin-left:0pt;margin-top:5pt;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;">The Company is dependent on a small number of third-party manufacturers to supply products for research and development activities in its preclinical and clinical programs and for sales of its products. The Company’s development programs as well as revenue from future product sales could be adversely affected by a significant interruption in the supply of any of the components of these products.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;"><span style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;">For the three and six months ended June 30, 2022, four specialty distributor customers accounted for 41%, 26%, 17%, and 10%, and three specialty distributor customers accounted for 41%, 25% and 20%<span style="white-space:pre-wrap;">, respectively, of the Company’s total product revenue, and no other customer accounted for more than 10% of the Company’s total product revenue. At June 30, 2022, </span>four specialty distributor customers accounted for 46%, 25%, 16% and 10% of the Company’s total accounts receivable and no other customer accounted for more than 10% of the Company’s total accounts receivable at June 30, 2022.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;"><span style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;">For the three and six months ended June 30, 2021, three specialty distributor customers accounted for 45%, 28%<span style="white-space:pre-wrap;">, and </span>15%, and 45%, 25% and 14%<span style="white-space:pre-wrap;">, respectively, of the Company’s total product revenue, and no other customer accounted for more than 10% of the Company’s total product revenue. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;"><span style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;">At December 31, 2021, three specialty distributor customers accounted for 42%, 26% and 21% of the Company’s total accounts receivable. No other customer accounted for more than 10% of total accounts receivable for the year ended December 31, 2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;"><span style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;"></span></p> | ||
CY2022Q2 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1764000 | |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1764000 | |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
134539000 | |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
191860000 | |
CY2022Q2 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1764000 | |
CY2021Q2 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1764000 | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
136303000 | |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
193624000 | |
CY2022Q2 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
5769232 | |
CY2022Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
325000 | |
CY2021Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
388000 | |
CY2022Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
662000 | |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
605000 | |
CY2022Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
513000 | |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
257000 | |
CY2022Q2 | us-gaap |
Inventory Net
InventoryNet
|
1500000 | |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
1250000 | |
CY2022Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
4747000 | |
CY2021Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
6597000 | |
CY2022Q2 | ocul |
Accrued Rebates And Programs Current
AccruedRebatesAndProgramsCurrent
|
3260000 | |
CY2021Q4 | ocul |
Accrued Rebates And Programs Current
AccruedRebatesAndProgramsCurrent
|
3615000 | |
CY2022Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1081000 | |
CY2021Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1227000 | |
CY2022Q2 | ocul |
Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
|
1683000 | |
CY2021Q4 | ocul |
Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
|
1102000 | |
CY2022Q2 | ocul |
Debt Instrument Accrued Interest
DebtInstrumentAccruedInterest
|
7606000 | |
CY2021Q4 | ocul |
Debt Instrument Accrued Interest
DebtInstrumentAccruedInterest
|
6475000 | |
CY2022Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1073000 | |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1105000 | |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
19450000 | |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
20121000 | |
CY2021Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
20192000 | |
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
9731000 | ||
CY2022Q2 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
10461000 | |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
13000000 | |
ocul |
Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
|
2000000 | ||
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
811000 | ||
CY2022Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
14189000 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
81967616 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.25 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.25 | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18766000 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8481000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-31308000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5360000 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76764296 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76324367 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76755028 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76198384 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.24 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.41 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | ||
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-18766000 | |
CY2021Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-8481000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-31308000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-5360000 | ||
CY2022Q2 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
1141000 | |
CY2021Q2 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
1095000 | |
us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
2264000 | ||
us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
2173000 | ||
CY2022Q2 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
-2773000 | |
CY2021Q2 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
-13396000 | |
us-gaap |
Dilutive Securities
DilutiveSecurities
|
-9731000 | ||
us-gaap |
Dilutive Securities
DilutiveSecurities
|
-38412000 | ||
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-20398000 | |
CY2021Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-20782000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-38775000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-41599000 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76764296 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76324367 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76755028 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.47 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.51 | ||
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
5769232 | ||
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
5769232 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
82533528 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
82093599 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
82524260 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
14909995 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11049287 | ||
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4281000 | |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4292000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8490000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7378000 | ||
CY2022Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
25612000 | |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y8M12D |