2020 Q1 Form 10-K Financial Statement

#000149465020000020 Filed on March 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019
Revenue $7.062M $11.08M $34.63M
YoY Change 57.77% 266.89% 390.18%
Cost Of Revenue $1.360M $2.080M $5.294M
YoY Change 84.28% 188.89% 233.38%
Gross Profit $5.710M $9.000M $29.34M
YoY Change 52.76% 289.61% 435.64%
Gross Profit Margin 80.86% 81.23% 84.71%
Selling, General & Admin $27.06M $26.55M $104.2M
YoY Change 2.73% 12.21% 8.93%
% of Gross Profit 473.91% 295.0% 355.03%
Research & Development $4.932M $5.380M $20.78M
YoY Change 8.11% 60.12% 105.79%
% of Gross Profit 86.37% 59.78% 70.84%
Depreciation & Amortization $309.0K $230.0K $1.108M
YoY Change 14.87% 9.52% 105.57%
% of Gross Profit 5.41% 2.56% 3.78%
Operating Expenses $33.35M $31.92M $124.9M
YoY Change 5.4% 18.13% 18.18%
Operating Profit -$26.29M -$22.92M -$95.60M
YoY Change -3.23% -7.24% -4.63%
Interest Expense $2.863M -$2.070M $9.623M
YoY Change 19.89% 22.49% 4.27%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income -$28.86M -$25.00M -$103.1M
YoY Change -0.03% -5.23% -29.5%
Income Tax
% Of Pretax Income
Net Earnings -$28.86M -$25.00M -$110.1M
YoY Change -0.06% -5.23% 3.18%
Net Earnings / Revenue -408.61% -225.63% -317.79%
Basic Earnings Per Share
Diluted Earnings Per Share -$628.6K -$574.8K -$2.628M
COMMON SHARES
Basic Shares Outstanding 45.91M shares 41.58M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $148.5M $147.1M $147.1M
YoY Change -13.31% -26.82% -26.82%
Cash & Equivalents $148.5M $147.2M $147.1M
Short-Term Investments
Other Short-Term Assets $3.700M $3.789M $3.600M
YoY Change -2.63% 73.57% 63.64%
Inventory $5.709M $3.484M $3.500M
Prepaid Expenses
Receivables $11.73M $13.64M $13.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $169.7M $168.1M $168.1M
YoY Change -9.16% -21.05% -21.04%
LONG-TERM ASSETS
Property, Plant & Equipment $2.980M $3.052M $4.400M
YoY Change -19.78% -21.42% 12.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.513M $1.538M $200.0K
YoY Change -39.36% 520.16% 0.0%
Total Long-Term Assets $4.493M $4.590M $4.600M
YoY Change -27.65% 11.08% 12.2%
TOTAL ASSETS
Total Short-Term Assets $169.7M $168.1M $168.1M
Total Long-Term Assets $4.493M $4.590M $4.600M
Total Assets $174.2M $172.7M $172.7M
YoY Change -9.75% -20.43% -20.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.403M $3.625M $3.600M
YoY Change -29.61% -49.06% -49.3%
Accrued Expenses $27.48M $31.38M $32.50M
YoY Change 55.39% 70.34% 76.63%
Deferred Revenue $0.00
YoY Change -100.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $34.23M $36.14M $36.10M
YoY Change 27.38% 40.64% 40.47%
LONG-TERM LIABILITIES
Long-Term Debt $104.7M $74.53M $74.50M
YoY Change 44.02% 2.8% 2.76%
Other Long-Term Liabilities $200.0K $400.0K $400.0K
YoY Change -81.82% 100.0% 100.0%
Total Long-Term Liabilities $104.9M $74.53M $74.90M
YoY Change 42.14% 2.8% 3.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.23M $36.14M $36.10M
Total Long-Term Liabilities $104.9M $74.53M $74.90M
Total Liabilities $139.0M $111.1M $111.1M
YoY Change 38.16% 12.9% 12.91%
SHAREHOLDERS EQUITY
Retained Earnings -$456.8M -$428.0M
YoY Change 31.73% 34.62%
Common Stock $492.0M $489.6M
YoY Change 12.03% 12.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $35.13M $61.58M $61.60M
YoY Change
Total Liabilities & Shareholders Equity $174.2M $172.7M $172.7M
YoY Change -9.75% -20.43% -20.41%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$28.86M -$25.00M -$110.1M
YoY Change -0.06% -5.23% 3.18%
Depreciation, Depletion And Amortization $309.0K $230.0K $1.108M
YoY Change 14.87% 9.52% 105.57%
Cash From Operating Activities -$27.97M -$18.11M -$90.82M
YoY Change -5.81% -10.35% -1.09%
INVESTING ACTIVITIES
Capital Expenditures $70.00K -$70.00K $557.0K
YoY Change -58.33% -70.83% -67.04%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$70.00K -$70.00K -$557.0K
YoY Change -58.33% -70.83% -67.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $77.60M
YoY Change
Debt Paid & Issued, Net $80.18M
YoY Change
Cash From Financing Activities $29.38M 39.83M $37.53M
YoY Change 15526.6% -49887.5% -37.01%
NET CHANGE
Cash From Operating Activities -$27.97M -18.11M -$90.82M
Cash From Investing Activities -$70.00K -70.00K -$557.0K
Cash From Financing Activities $29.38M 39.83M $37.53M
Net Change In Cash $1.335M 21.65M -$53.85M
YoY Change -104.5% -205.51% 59.01%
FREE CASH FLOW
Cash From Operating Activities -$27.97M -$18.11M -$90.82M
Capital Expenditures $70.00K -$70.00K $557.0K
Free Cash Flow -$28.04M -$18.04M -$91.37M
YoY Change -6.11% -9.62% -2.28%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-33864000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
201011000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234875000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
147165000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
201011000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
8785000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
8253000 USD
CY2019 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
38000 USD
CY2018 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
146000 USD
CY2019 optn Noncash Fixed Assets Acquired Through Tenant Allowance
NoncashFixedAssetsAcquiredThroughTenantAllowance
0 USD
CY2018 optn Noncash Fixed Assets Acquired Through Tenant Allowance
NoncashFixedAssetsAcquiredThroughTenantAllowance
361000 USD
CY2019 optn Deferred Offering Costs W Ithin Accounts Payableand Accrued Expenses
DeferredOfferingCostsWIthinAccountsPayableandAccruedExpenses
483000 USD
CY2018 optn Deferred Offering Costs W Ithin Accounts Payableand Accrued Expenses
DeferredOfferingCostsWIthinAccountsPayableandAccruedExpenses
0 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
2483000 USD
CY2018 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2959000 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
CY2019 us-gaap Nature Of Operations
NatureOfOperations
Organization and Description of Business<div style="margin-top:8pt;margin-bottom:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">OptiNose, 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.</span></div><div style="margin-bottom:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;vertical-align:top;">®</sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> (fluticasone propionate) nasal spray, 93 mcg, is a therapeutic utilizing its proprietary 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 years of age or older. XHANCE was made widely available through commercial channels in April 2018.</span></div>
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
147144000 USD
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:8pt;margin-bottom:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of estimates</span></div><div style="margin-top:8pt;margin-bottom:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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.</span></div>
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:8pt;margin-bottom:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Concentration of credit risk</span></div><div style="margin-top:8pt;margin-bottom:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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.</span></div>
CY2019Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
145634000 USD
CY2018Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
199507000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
18528000 USD
CY2018 us-gaap Advertising Expense
AdvertisingExpense
9767000 USD
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10076405 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8081596 shares
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1227000 USD
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1969000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
676000 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2344000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1581000 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2819000 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
3484000 USD
CY2018Q4 us-gaap Inventory Gross
InventoryGross
7132000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5299000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5035000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2247000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1151000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3052000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3884000 USD
CY2019 us-gaap Depreciation
Depreciation
1106000 USD
CY2018 us-gaap Depreciation
Depreciation
535000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2411000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2887000 USD
CY2019 optn Lessee Lease Renewal Term
LesseeLeaseRenewalTerm
P3Y
CY2019Q4 optn Operating Lease Right Of Use Asset Noncurrent
OperatingLeaseRightOfUseAssetNoncurrent
1386000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1135000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
397000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1532000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y2M26D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.064
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1193000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
401000 USD
CY2019Q4 optn Lessee Operating Lease Liability Payments Due Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueThereafter
0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1594000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
62000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1532000 USD
CY2019 optn Operating Lease Cost For Extension
OperatingLeaseCostForExtension
44000 USD
CY2019 us-gaap Lease Cost
LeaseCost
2154000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
1589000 USD
CY2019Q4 optn Accrued Sales Organization Expenses Current
AccruedSalesOrganizationExpensesCurrent
12858000 USD
CY2018Q4 optn Accrued Sales Organization Expenses Current
AccruedSalesOrganizationExpensesCurrent
2856000 USD
CY2019Q4 optn Accrued Researchand Development Current
AccruedResearchandDevelopmentCurrent
5544000 USD
CY2018Q4 optn Accrued Researchand Development Current
AccruedResearchandDevelopmentCurrent
4812000 USD
CY2019Q4 optn Accrued Selling Generaland Administrative Current
AccruedSellingGeneralandAdministrativeCurrent
3379000 USD
CY2018Q4 optn Accrued Selling Generaland Administrative Current
AccruedSellingGeneralandAdministrativeCurrent
933000 USD
CY2019Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
7810000 USD
CY2018Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
4199000 USD
CY2019Q4 optn Accrued Product Allowances Current
AccruedProductAllowancesCurrent
0 USD
CY2018Q4 optn Accrued Product Allowances Current
AccruedProductAllowancesCurrent
4482000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1788000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1139000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
31379000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
18421000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1135000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1135000 USD
CY2019Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
32514000 USD
CY2018Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
18421000 USD
CY2019 us-gaap Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
70000000 USD
CY2019 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1238000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
645000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
178000 USD
CY2019Q4 us-gaap Purchase Obligation
PurchaseObligation
0 USD
CY2019Q4 optn Vote Per Share
VotePerShare
1 vote
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9860000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8543000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-103109000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-146247000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-6944000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
39589000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-110053000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-106658000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.008
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.005
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.008
CY2019 optn Effective Income Tax Rate Reconciliation Foreign Operations Impact Percent
EffectiveIncomeTaxRateReconciliationForeignOperationsImpactPercent
0
CY2018 optn Effective Income Tax Rate Reconciliation Foreign Operations Impact Percent
EffectiveIncomeTaxRateReconciliationForeignOperationsImpactPercent
-0.072
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.030
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.039
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.006
CY2019 optn Effective Income Tax Rate Reconciliation Foreign Exchange Other Percent
EffectiveIncomeTaxRateReconciliationForeignExchangeOtherPercent
0.007
CY2018 optn Effective Income Tax Rate Reconciliation Foreign Exchange Other Percent
EffectiveIncomeTaxRateReconciliationForeignExchangeOtherPercent
-0.006
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.239
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.162
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
4349000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
1674000 USD
CY2019Q4 optn Deferred Tax Assets Prepaid License Arrangement
DeferredTaxAssetsPrepaidLicenseArrangement
11154000 USD
CY2018Q4 optn Deferred Tax Assets Prepaid License Arrangement
DeferredTaxAssetsPrepaidLicenseArrangement
11562000 USD
CY2019Q4 optn Deferred Tax Assets Interest Expense
DeferredTaxAssetsInterestExpense
4469000 USD
CY2018Q4 optn Deferred Tax Assets Interest Expense
DeferredTaxAssetsInterestExpense
1267000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
5468000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
3493000 USD
CY2019Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
2485000 USD
CY2018Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
2485000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
51644000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
32548000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
79569000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
53029000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
630000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
409000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
630000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
409000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
78939000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
52620000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
26319000 USD

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