$OTLK
Outlook Therapeutics, Inc.

2023 Q3 Form 10-Q Financial Statement

#000155837023014866 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.515M $7.040M
YoY Change 50.36% 21.91%
% of Gross Profit
Research & Development $4.944M $11.10M
YoY Change -45.0% -1.31%
% of Gross Profit
Depreciation & Amortization $14.19K $11.19K
YoY Change -72.43% -72.64%
% of Gross Profit
Operating Expenses $12.46M $11.10M
YoY Change -10.93% -1.31%
Operating Profit -$18.14M
YoY Change 6.56%
Interest Expense $297.5K $388.1K
YoY Change -181.05% -205.23%
% of Operating Profit
Other Income/Expense, Net -$829.2K -$2.922M
YoY Change -7638.27% 1884.21%
Pretax Income -$12.99M -$20.68M
YoY Change -9.43% 17.87%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$12.99M -$20.68M
YoY Change -9.44% 17.87%
Net Earnings / Revenue
Basic Earnings Per Share -$0.08
Diluted Earnings Per Share -$0.05 -$0.08
COMMON SHARES
Basic Shares Outstanding 260.2M 256.7M
Diluted Shares Outstanding 256.9M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.39M $33.71M
YoY Change 34.46% 29.55%
Cash & Equivalents $23.39M $33.71M
Short-Term Investments
Other Short-Term Assets $7.587M $9.310M
YoY Change -25.05% -18.99%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $30.98M $43.02M
YoY Change 12.57% 14.67%
LONG-TERM ASSETS
Property, Plant & Equipment $26.17K $40.00K
YoY Change -62.81% -2.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $793.9K $802.3K
YoY Change -1.37% -1.22%
Other Assets $501.3K $589.4K
YoY Change 279.73% 319.91%
Total Long-Term Assets $1.321M $1.429M
YoY Change 31.18% 33.01%
TOTAL ASSETS
Total Short-Term Assets $30.98M $43.02M
Total Long-Term Assets $1.321M $1.429M
Total Assets $32.30M $44.45M
YoY Change 13.23% 15.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.575M $5.055M
YoY Change 88.3% 103.78%
Accrued Expenses $2.746M $8.278M
YoY Change -19.9% 131.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $35.56M $34.74M
YoY Change 225.4% 231.69%
Total Short-Term Liabilities $46.73M $49.93M
YoY Change 136.86% 170.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $6.220K $20.00K
YoY Change -89.11% -70.73%
Total Long-Term Liabilities $6.220K $20.00K
YoY Change -89.87% -73.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.73M $49.93M
Total Long-Term Liabilities $6.220K $20.00K
Total Liabilities $46.74M $49.95M
YoY Change 136.16% 169.92%
SHAREHOLDERS EQUITY
Retained Earnings -$467.9M -$454.9M
YoY Change 14.43% 15.29%
Common Stock $453.5M $449.4M
YoY Change 8.57% 8.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$14.44M -$5.503M
YoY Change
Total Liabilities & Shareholders Equity $32.30M $44.45M
YoY Change 13.23% 15.18%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$12.99M -$20.68M
YoY Change -9.44% 17.87%
Depreciation, Depletion And Amortization $14.19K $11.19K
YoY Change -72.43% -72.64%
Cash From Operating Activities -$12.74M -$13.22M
YoY Change 24.32% -37.36%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.429M 3.296M
YoY Change 49.35% -129.16%
NET CHANGE
Cash From Operating Activities -12.74M -13.22M
Cash From Investing Activities
Cash From Financing Activities 2.429M 3.296M
Net Change In Cash -10.31M -9.920M
YoY Change 19.6% -69.39%
FREE CASH FLOW
Cash From Operating Activities -$12.74M -$13.22M
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 10pt 0pt;">1.     Organization and Description of Business</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 10pt 0pt;"><span style="font-weight:normal;">Outlook Therapeutics, Inc. (“Outlook” or the “Company”) was incorporated in New Jersey on January 5, 2010, started operations in July 2011, reincorporated in Delaware by merging with and into a Delaware corporation in October 2015 and changed its name to “Outlook Therapeutics, Inc.” in November 2018. The Company is a biopharmaceutical company focused on developing and commercializing ONS-5010, an ophthalmic formulation of bevacizumab for use in retinal indications. The Company is based in Iselin, New Jersey. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">All development activities are currently active in support of the Company’s Biologics License Application (“BLA”) registration program for ONS-5010 for wet age-related macular degeneration (“wet AMD”). In fiscal year 2022, the Company submitted the BLA and received confirmation from the U.S. Food and Drug Administration (“FDA”) that the BLA had been accepted for filing with a goal date of August 29, 2023 for a review decision by the FDA. Additionally, the Company submitted a Marketing Authorization Application (“MAA”) with the European Medicines Agency (“EMA”), which has been validated for review with an estimated decision date expected in early 2024.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p>
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us-gaap Earnings Per Share Diluted
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CY2023Q2 us-gaap Operating Lease Cost
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CY2022Q2 us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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CY2023Q2 us-gaap Lease Cost
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CY2022Q2 us-gaap Lease Cost
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us-gaap Lease Cost
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