2019 Q1 Form 10-K Financial Statement

#000162828019002324 Filed on March 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q3
Revenue $21.78M $22.02M $4.608M
YoY Change 1271.47% 60.01% -78.72%
Cost Of Revenue $131.0K $160.0K $36.00K
YoY Change -35.47% -65.96% -80.43%
Gross Profit $21.65M $21.86M $4.572M
YoY Change 1463.03% 64.48% -78.71%
Gross Profit Margin 99.4% 99.29% 99.22%
Selling, General & Admin $14.63M $14.89M $13.15M
YoY Change 33.85% 23.77% 11.91%
% of Gross Profit 67.58% 68.12% 287.62%
Research & Development $26.26M $25.45M $26.86M
YoY Change 44.74% 65.37% 81.07%
% of Gross Profit 121.28% 116.42% 587.53%
Depreciation & Amortization $380.0K $310.0K $220.0K
YoY Change 72.73% 82.35% 46.67%
% of Gross Profit 1.76% 1.42% 4.81%
Operating Expenses $41.02M $40.49M $40.05M
YoY Change 40.1% 45.23% 49.62%
Operating Profit -$19.24M -$18.47M -$35.44M
YoY Change -30.52% 30.83% 593.58%
Interest Expense $5.600M -$5.150M $4.602M
YoY Change 98.23% 80.07% 65.54%
% of Operating Profit
Other Income/Expense, Net $494.0K $150.0K $572.0K
YoY Change 7.39% -65.12% 40.2%
Pretax Income -$24.35M -$36.46M -$39.47M
YoY Change -18.97% 120.3% 427.67%
Income Tax -$12.93M
% Of Pretax Income
Net Earnings -$24.35M -$23.53M -$39.47M
YoY Change -19.0% 42.19% 427.56%
Net Earnings / Revenue -111.78% -106.89% -856.6%
Basic Earnings Per Share
Diluted Earnings Per Share -$496.8K -$480.0K -$811.3K
COMMON SHARES
Basic Shares Outstanding 49.01M shares 49.01M shares 48.56M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.20M $60.50M $55.20M
YoY Change -35.16% -27.72% -36.41%
Cash & Equivalents $4.054M $5.900M $2.787M
Short-Term Investments $43.20M $54.60M $52.40M
Other Short-Term Assets $4.200M $6.500M $8.300M
YoY Change -22.22% -7.14% 45.61%
Inventory $736.0K $88.00K $214.0K
Prepaid Expenses $6.463M $8.334M
Receivables $24.60M $22.70M $2.200M
Other Receivables $138.0K $164.0K $132.0K
Total Short-Term Assets $76.87M $89.87M $66.00M
YoY Change -2.3% -17.08% -44.02%
LONG-TERM ASSETS
Property, Plant & Equipment $4.479M $3.845M $2.520M
YoY Change 115.23% 81.28% 41.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.400M $2.200M $7.100M
YoY Change -71.08% -62.07% 22.41%
Total Long-Term Assets $24.38M $6.069M $9.609M
YoY Change 135.48% -23.72% 26.1%
TOTAL ASSETS
Total Short-Term Assets $76.87M $89.87M $66.00M
Total Long-Term Assets $24.38M $6.069M $9.609M
Total Assets $101.2M $95.94M $75.61M
YoY Change 13.71% -17.53% -39.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.121M $6.281M $8.847M
YoY Change -30.07% -6.13% 140.41%
Accrued Expenses $34.82M $30.19M $15.18M
YoY Change 149.91% 57.83% -25.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.561M $889.0K $560.0K
YoY Change 399.22% 81.43% 52.17%
Total Short-Term Liabilities $44.51M $37.36M $24.59M
YoY Change 80.69% 42.0% -0.42%
LONG-TERM LIABILITIES
Long-Term Debt $153.1M $150.6M $131.7M
YoY Change 80.04% 79.04% 59.09%
Other Long-Term Liabilities $24.70M $8.200M $8.300M
YoY Change 187.21% -5.75% -5.68%
Total Long-Term Liabilities $177.8M $158.8M $131.7M
YoY Change 109.09% 88.78% 59.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.51M $37.36M $24.59M
Total Long-Term Liabilities $177.8M $158.8M $131.7M
Total Liabilities $222.3M $196.1M $156.3M
YoY Change 102.7% 77.59% 45.42%
SHAREHOLDERS EQUITY
Retained Earnings -$674.5M -$650.1M -$626.6M
YoY Change 21.87% 24.22% 23.63%
Common Stock $490.0K $550.0M $490.0K
YoY Change 1.45% 114001.45% 2.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$121.0M -$100.2M -$89.00M
YoY Change
Total Liabilities & Shareholders Equity $101.2M $95.94M $75.61M
YoY Change 13.71% -17.53% -39.76%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$24.35M -$23.53M -$39.47M
YoY Change -19.0% 42.19% 427.56%
Depreciation, Depletion And Amortization $380.0K $310.0K $220.0K
YoY Change 72.73% 82.35% 46.67%
Cash From Operating Activities -$12.95M -$24.66M -$36.87M
YoY Change 14.62% 491.37% 229.2%
INVESTING ACTIVITIES
Capital Expenditures $182.0K -$100.0K -$80.00K
YoY Change -0.55% 166.67%
Acquisitions
YoY Change
Other Investing Activities $11.47M -$2.270M $33.16M
YoY Change 31.39% -141.8% -155.72%
Cash From Investing Activities $11.29M -$2.360M $33.06M
YoY Change 32.06% -143.46% -155.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -146.0K 30.09M 3.710M
YoY Change -126.84% 2610.81% -94.57%
NET CHANGE
Cash From Operating Activities -12.95M -24.66M -36.87M
Cash From Investing Activities 11.29M -2.360M 33.06M
Cash From Financing Activities -146.0K 30.09M 3.710M
Net Change In Cash -1.807M 3.070M -100.0K
YoY Change -18.05% 29.54% -95.76%
FREE CASH FLOW
Cash From Operating Activities -$12.95M -$24.66M -$36.87M
Capital Expenditures $182.0K -$100.0K -$80.00K
Free Cash Flow -$13.13M -$24.56M -$36.79M
YoY Change 14.38% 488.97% 229.36%

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125000000 USD
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4759000 USD
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CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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0.04
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300000 USD
CY2017 us-gaap Depreciation And Amortization
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551000 USD
CY2018 us-gaap Depreciation And Amortization
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-0.37
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.60
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-0.19
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0.00
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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1.15
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0.00
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0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.02
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.02
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0.02
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.04
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.11
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334300000 USD
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P8Y9M11D
CY2016 us-gaap Fair Value Adjustment Of Warrants
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0 USD
CY2017 us-gaap Fair Value Adjustment Of Warrants
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0 USD
CY2018 us-gaap Fair Value Adjustment Of Warrants
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354000 USD
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CY2017 us-gaap Income Tax Expense Benefit
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656000 USD
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5270000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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498000 USD
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5520000 USD
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5107000 USD
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5674000 USD
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0 USD
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313000 USD
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187000 USD
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CY2018 us-gaap Operating Expenses
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0 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
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0 USD
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0 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
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0 USD
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0 USD
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737000 USD
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886000 USD
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5700000 USD
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0 USD
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1501000 USD
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0 USD
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6800000 USD
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65326000 USD
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68782000 USD
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126000 USD
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350000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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567000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
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20000000 shares
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0 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
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0 shares
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0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
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0 USD
CY2018Q4 us-gaap Preferred Stock Value
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0 USD
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7036000 USD
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6463000 USD
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37300000 USD
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63600000 USD
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38039000 USD
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63657000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2016 us-gaap Proceeds From Issuance Of Debt
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100000000 USD
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0 USD
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44550000 USD
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities
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28078000 USD
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities
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94500000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
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3153000 USD
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11769000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
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6732000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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5404000 USD
CY2016 us-gaap Proceeds From Issuance Of Unsecured Debt
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0 USD
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0 USD
CY2018 us-gaap Proceeds From Issuance Of Unsecured Debt
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210000000 USD
CY2016 us-gaap Proceeds From Sale Of Available For Sale Securities
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57757000 USD
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8090000 USD
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2121000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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3845000 USD
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17144000 USD
CY2018Q4 us-gaap Receivables Net Current
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22818000 USD
CY2016 us-gaap Repayments Of Debt And Capital Lease Obligations
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USD
CY2017 us-gaap Repayments Of Debt And Capital Lease Obligations
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431000 USD
CY2018 us-gaap Repayments Of Debt And Capital Lease Obligations
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951000 USD
CY2016 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
70137000 USD
CY2017 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2018 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
132077000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
50699000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
55599000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
89860000 USD
CY2017Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
5835000 USD
CY2018Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
1154000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-523368000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-650125000 USD
CY2016 us-gaap Revenues
Revenues
41617000 USD
CY2017Q1 us-gaap Revenues
Revenues
12257000 USD
CY2017Q2 us-gaap Revenues
Revenues
17151000 USD
CY2017Q3 us-gaap Revenues
Revenues
21658000 USD
CY2017Q4 us-gaap Revenues
Revenues
13760000 USD
CY2017 us-gaap Revenues
Revenues
64826000 USD
CY2018Q1 us-gaap Revenues
Revenues
1588000 USD
CY2018Q2 us-gaap Revenues
Revenues
1655000 USD
CY2018Q3 us-gaap Revenues
Revenues
4608000 USD
CY2018Q4 us-gaap Revenues
Revenues
22017000 USD
CY2018 us-gaap Revenues
Revenues
29868000 USD
CY2017Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
0 USD
CY2018Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
148981000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
13582000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
12688000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
11713000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.74
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.74
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.78
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0163
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0205
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0268
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
7468806 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.21
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
13600000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
16400000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
11356000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
469929 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
13.42
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1891757 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.89
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.66
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.32
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
11319000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9657259 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10313138 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.39
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.22
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
11283000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
10005615 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
11.13
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.79
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15.01
CY2017 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
25000 shares
CY2018 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
20000 shares
CY2016Q3 us-gaap Share Price
SharePrice
11.50
CY2017Q3 us-gaap Share Price
SharePrice
22.75
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y0M3D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
10984000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y6M3D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M27D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y4M2D
CY2016 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
758000 USD
CY2017 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
0 USD
CY2018 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
1424000 USD
CY2016Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3500000 shares
CY2017Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3000000 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
765949 shares
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
37314000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
63657000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3146000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11769000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6732000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
-26234000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
-37447000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-2814000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-100156000 USD
CY2017 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
CY2018 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
24900000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-32000000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-26400000 USD
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
40446410 shares
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45539362 shares
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48582636 shares
CY2018 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Advertising costs, which we consider to be media and marketing materials, are expensed as incurred and were </font><font style="font-family:inherit;font-size:10pt;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;">, $</font><font style="font-family:inherit;font-size:10pt;">328,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$672,000</font><font style="font-family:inherit;font-size:10pt;"> during the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div>
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Major Suppliers</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:29px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We use a single contract manufacturer to supply the OMIDRIA drug substance and a separate company to perform final packaging of OMIDRIA for commercial sale. We generally use one to two contract manufacturers to produce clinical trial material for each of our clinical trials, which creates a concentration of risk for us.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:29px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We endeavor to maintain reasonable levels of drug supply for our commercial and clinical trial use and other manufacturers are available should we need to change suppliers. A change in suppliers, however, could cause a delay in delivery of OMIDRIA or our clinical trial material that would adversely affect our business. </font></div></div>
CY2018 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Organization</font></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are a commercial-stage biopharmaceutical company committed to discovering, developing and commercializing small-molecule and protein therapeutics for large-market as well as orphan indications targeting inflammation, complement-mediated diseases, disorders of the central nervous system, and immune-related diseases, including cancers. Our first drug product, OMIDRIA, is marketed in the United States (U.S.) for use during cataract surgery or intraocular lens replacement. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font></div></div>

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0001628280-19-002324-index-headers.html Edgar Link pending
0001628280-19-002324-index.html Edgar Link pending
0001628280-19-002324.txt Edgar Link pending
0001628280-19-002324-xbrl.zip Edgar Link pending
chart-32831c0b5e1359fd91ca01.jpg Edgar Link pending
chart-b1303fbd031b42c0087a01.jpg Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
omer-20181231.xml Edgar Link completed
omer-20181231.xsd Edgar Link pending
omer-20181231x10k.htm Edgar Link pending
omer-20181231_cal.xml Edgar Link unprocessable
omer-20181231_def.xml Edgar Link unprocessable
omer-20181231_lab.xml Edgar Link unprocessable
omer-20181231_pre.xml Edgar Link unprocessable
omer-ex1019_20181231.htm Edgar Link pending
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