2019 Q1 Form 10-K Financial Statement

#000149465019000020 Filed on March 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018
Revenue $4.476M $3.020M $7.065M
YoY Change 417.46%
Cost Of Revenue $738.0K $720.0K $1.588M
YoY Change 269.0%
Gross Profit $3.738M $2.310M $5.477M
YoY Change 462.11%
Gross Profit Margin 83.51% 76.49% 77.52%
Selling, General & Admin $26.34M $23.66M $95.62M
YoY Change -5.97% 28.0% 201.65%
% of Gross Profit 704.65% 1024.24% 1745.81%
Research & Development $4.562M $3.360M $10.10M
YoY Change 168.2% 177.23% -40.0%
% of Gross Profit 122.04% 145.45% 184.39%
Depreciation & Amortization $269.0K $210.0K $539.0K
YoY Change 71.34% 200.0% 224.7%
% of Gross Profit 7.2% 9.09% 9.84%
Operating Expenses $31.64M $27.02M $105.7M
YoY Change 5.78% 37.19% 117.84%
Operating Profit -$27.16M -$24.71M -$100.2M
YoY Change -6.48% 25.46% 106.55%
Interest Expense $2.388M -$1.690M $9.229M
YoY Change 8.89% -1636.36% 914.18%
% of Operating Profit
Other Income/Expense, Net $0.00 $30.00K $410.0K
YoY Change -100.0% -25.0% 156.25%
Pretax Income -$28.87M -$26.38M -$146.2M
YoY Change -5.56% 34.94% 380.08%
Income Tax
% Of Pretax Income
Net Earnings -$28.87M -$26.38M -$106.7M
YoY Change -5.55% 34.93% 118.11%
Net Earnings / Revenue -645.08% -873.51% -1509.67%
Basic Earnings Per Share -$2.68
Diluted Earnings Per Share -$699.7K -$639.1K -$2.68
COMMON SHARES
Basic Shares Outstanding 41.26M shares 41.23M shares 39.77M shares
Diluted Shares Outstanding 39.77M shares

Balance Sheet

Concept 2019 Q1 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $171.3M $201.0M $201.0M
YoY Change -18.35% -14.43% -14.43%
Cash & Equivalents $171.3M $201.0M $201.0M
Short-Term Investments
Other Short-Term Assets $3.800M $2.183M $2.200M
YoY Change 171.43% 74.08% 69.23%
Inventory $5.716M $7.132M $7.100M
Prepaid Expenses
Receivables $5.793M $2.310M $2.600M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $186.8M $212.9M $212.9M
YoY Change -13.95% -10.63% -10.62%
LONG-TERM ASSETS
Property, Plant & Equipment $3.715M $3.884M $3.900M
YoY Change 19.76% 51.48% 50.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.495M $248.0K $200.0K
YoY Change 538.11% -38.77% -50.0%
Total Long-Term Assets $6.210M $4.132M $4.100M
YoY Change 77.78% 39.17% 41.38%
TOTAL ASSETS
Total Short-Term Assets $186.8M $212.9M $212.9M
Total Long-Term Assets $6.210M $4.132M $4.100M
Total Assets $193.0M $217.0M $217.0M
YoY Change -12.5% -10.01% -10.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.676M $7.116M $7.100M
YoY Change -4.0% 20.75% 20.34%
Accrued Expenses $17.68M $18.42M $18.40M
YoY Change 22.01% 111.78% 111.49%
Deferred Revenue $0.00 $160.0K
YoY Change -13.98%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.87M $25.70M $25.70M
YoY Change 19.48% 73.9% 73.65%
LONG-TERM LIABILITIES
Long-Term Debt $72.70M $72.50M $72.50M
YoY Change 0.97% 0.89% 0.83%
Other Long-Term Liabilities $1.100M $200.0K $200.0K
YoY Change
Total Long-Term Liabilities $73.80M $72.50M $72.70M
YoY Change 2.5% 0.89% 1.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.87M $25.70M $25.70M
Total Long-Term Liabilities $73.80M $72.50M $72.70M
Total Liabilities $100.6M $98.38M $98.40M
YoY Change 6.55% 13.55% 13.63%
SHAREHOLDERS EQUITY
Retained Earnings -$346.8M -$317.9M
YoY Change 43.4% 50.48%
Common Stock $439.2M $436.6M
YoY Change 19.33% 19.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $92.35M $118.6M $118.6M
YoY Change
Total Liabilities & Shareholders Equity $193.0M $217.0M $217.0M
YoY Change -12.5% -10.01% -10.0%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018
OPERATING ACTIVITIES
Net Income -$28.87M -$26.38M -$106.7M
YoY Change -5.55% 34.93% 118.11%
Depreciation, Depletion And Amortization $269.0K $210.0K $539.0K
YoY Change 71.34% 200.0% 224.7%
Cash From Operating Activities -$29.69M -$20.20M -$91.82M
YoY Change 29.12% 46.27% 157.33%
INVESTING ACTIVITIES
Capital Expenditures $168.0K -$240.0K $1.690M
YoY Change -56.02% -80.0% -29.76%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$168.0K -$240.0K -$1.690M
YoY Change -56.02% -80.0% -29.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities $188.0K -80.00K $59.58M
YoY Change -111.1% -100.04% -74.77%
NET CHANGE
Cash From Operating Activities -$29.69M -20.20M -$91.82M
Cash From Investing Activities -$168.0K -240.0K -$1.690M
Cash From Financing Activities $188.0K -80.00K $59.58M
Net Change In Cash -$29.68M -20.52M -$33.86M
YoY Change 18.37% -111.07% -117.1%
FREE CASH FLOW
Cash From Operating Activities -$29.69M -$20.20M -$91.82M
Capital Expenditures $168.0K -$240.0K $1.690M
Free Cash Flow -$29.86M -$19.96M -$93.51M
YoY Change 27.72% 58.29% 145.52%

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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-48902000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-106658000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2310000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6688000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10150000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2013000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4698000 USD
CY2017 us-gaap Interest Expense
InterestExpense
910000 USD
CY2018 us-gaap Interest Expense
InterestExpense
9229000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
8253000 USD
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
45000 USD
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
345000 USD
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
0 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2819000 USD
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InventoryGross
2013000 USD
CY2018Q4 us-gaap Inventory Gross
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7132000 USD
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CY2018Q4 us-gaap Inventory Net
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7132000 USD
CY2017Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1385000 USD
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1969000 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
628000 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2344000 USD
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
303000 USD
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
2453000 USD
CY2018Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P3Y
CY2017Q4 us-gaap Liabilities
Liabilities
86640000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
98378000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
241136000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
216989000 USD
CY2017Q4 us-gaap Liabilities Current
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14777000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
25697000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
71863000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
72500000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
236125000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
59579000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2406000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1690000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-35680000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-91817000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-48902000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-106658000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-61967000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-106658000 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
CY2018 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
361000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
48530000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
105717000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-48530000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
-100240000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
3128000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
689000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1630000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
391000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1107000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
831000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
314000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2183000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
405000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
248000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
435000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1254000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-12000 USD
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
54000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-12000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
54000 USD
CY2017Q4 us-gaap Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
185000 USD
CY2018Q4 us-gaap Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
359000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
0 USD
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
181000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2454000 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
13433000 USD
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6547000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
288000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
70000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2406000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1690000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
138000000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
63969000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
75000000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
36712000 USD
CY2018 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
0 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
134000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1488000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2919000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5035000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2564000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3884000 USD
CY2018Q4 us-gaap Purchase Obligation
PurchaseObligation
0 USD
CY2017Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
46000 USD
CY2018Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
242000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16832000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10099000 USD
CY2017Q4 us-gaap Restricted Cash
RestrictedCash
21000 USD
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
21000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-211269000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-317927000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7065000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
31698000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
95618000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
5096000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
8543000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2017 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
237259000 USD
CY2018 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
739000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
125471000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
59917000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-154000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1418000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
154496000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
118611000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-151197000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
154496000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
118611000 USD
CY2017Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
2.8879
CY2017 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1096000 USD
CY2018 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 USD
CY2017 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
11969000 USD
CY2018 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
0 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
16988000 USD
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10999121 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39765983 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10999121 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39765983 shares
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of credit risk</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash and accounts receivable.The Company generally invests its cash in deposits with high credit quality financial institutions. Additionally, the Company performs periodic evaluations of the relative credit standing of these financial institutions.</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-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Organization and Description of Business</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">OptiNose,&#160;Inc. (the Company) was incorporated in Delaware in May 2010 (inception) and has facilities in Yardley, Pennsylvania, Ewing, New Jersey, Oslo, Norway and Swindon, England. The Company's predecessor entity, OptiNose AS, was formed under the laws of Norway in September 2000. In 2010, OptiNose AS became a wholly-owned subsidiary of the Company as part of an internal reorganization.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company is a specialty pharmaceutical company focused on the development and commercialization of products for patients treated by ear, nose and throat (ENT) and allergy specialists. The Company's first commercial product, XHANCE</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#174;</sup></font><font style="font-family:Arial;font-size:10pt;"> (fluticasone propionate) nasal spray, 93 mcg, is a therapeutic utilizing its proprietary Optinose Exhalation Delivery System (EDS) that delivers a topically-acting corticosteroid for the treatment of chronic rhinosinusitis with nasal polyps and, if approved, chronic rhinosinusitis without nasal polyps (also known as chronic sinusitis). XHANCE was approved by the United States (US) Food and Drug Administration (FDA) in September 2017 for the treatment of nasal polyps in patients 18&#160;years of age or older, and&#160;XHANCE was launched commercially in the US in March 2018.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Use of estimates</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of expenses during the reporting period. Due to the uncertainty of factors surrounding the estimates or judgments used in the preparation of the consolidated financial statements, actual results may materially vary from these estimates. Estimates and assumptions are periodically reviewed and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary.</font></div></div>

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