2021 Q4 Form 10-Q Financial Statement

#000143774921025298 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $55.36M $46.25M $50.75M
YoY Change 5.33% -8.88% -9.93%
Cost Of Revenue $11.90M $10.28M $9.943M
YoY Change 8.73% 3.38% 6.12%
Gross Profit $43.46M $35.97M $40.81M
YoY Change 4.43% -11.87% -13.13%
Gross Profit Margin 78.51% 77.77% 80.41%
Selling, General & Admin $22.46M $26.08M $29.60M
YoY Change -21.49% -11.87% -5.74%
% of Gross Profit 51.68% 72.52% 72.52%
Research & Development $14.17M $18.84M $23.34M
YoY Change -41.36% -19.31% -22.26%
% of Gross Profit 32.6% 52.37% 57.2%
Depreciation & Amortization $2.271M $200.0K $200.0K
YoY Change -22.76% 0.0% 0.0%
% of Gross Profit 5.23% 0.56% 0.49%
Operating Expenses $36.63M $44.92M $52.94M
YoY Change -30.57% -15.15% -25.22%
Operating Profit $6.832M -$8.954M -$12.13M
YoY Change -161.33% -26.19% -16.04%
Interest Expense -$2.705M $3.121M $3.627M
YoY Change -23.8% -13.95% 18.84%
% of Operating Profit -39.59%
Other Income/Expense, Net $119.0K -$35.68M -$19.33M
YoY Change 70.0% 84.57% 693.27%
Pretax Income $4.436M -$44.64M -$31.46M
YoY Change -129.99% 41.87% 86.28%
Income Tax $212.0K $37.00K $0.00
% Of Pretax Income 4.78%
Net Earnings $4.224M -$44.67M -$31.46M
YoY Change -128.17% 41.98% 86.34%
Net Earnings / Revenue 7.63% -96.6% -61.99%
Basic Earnings Per Share -$1.09 -$0.79
Diluted Earnings Per Share $103.0K -$1.09 -$0.79
COMMON SHARES
Basic Shares Outstanding 40.89M 40.81M 39.70M
Diluted Shares Outstanding 40.81M 39.70M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.11M $87.54M $109.0M
YoY Change -12.09% -19.69% -1.27%
Cash & Equivalents $63.13M $63.90M $90.10M
Short-Term Investments $18.98M $23.60M $18.90M
Other Short-Term Assets $447.0K $451.0K $3.426M
YoY Change -87.72% -86.84% 963.98%
Inventory $7.109M $7.206M $3.100M
Prepaid Expenses $8.984M $9.074M
Receivables $32.53M $23.80M $24.60M
Other Receivables $2.880M $2.819M $5.900M
Total Short-Term Assets $140.0M $136.9M $159.8M
YoY Change -4.19% -14.32% 5.76%
LONG-TERM ASSETS
Property, Plant & Equipment $1.756M $1.924M $2.659M
YoY Change -29.22% -27.64% -17.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.665M $4.670M $6.100M
YoY Change -8.53% -23.44% -62.11%
Total Long-Term Assets $86.56M $89.36M $101.9M
YoY Change -11.74% -12.3% 25.88%
TOTAL ASSETS
Total Short-Term Assets $140.0M $136.9M $159.8M
Total Long-Term Assets $86.56M $89.36M $101.9M
Total Assets $226.6M $226.3M $261.7M
YoY Change -7.22% -13.53% 12.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.17M $20.05M $12.50M
YoY Change -7.47% 60.38% 38.03%
Accrued Expenses $92.58M $90.78M $63.47M
YoY Change 50.96% 43.03% -17.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $5.714M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $109.6M $116.3M $118.2M
YoY Change -4.09% -1.64% 33.8%
LONG-TERM LIABILITIES
Long-Term Debt $97.09M $96.80M $91.71M
YoY Change 15.55% 5.55% -2.64%
Other Long-Term Liabilities $22.35M $24.15M $52.20M
YoY Change -56.93% -53.74% 61.61%
Total Long-Term Liabilities $97.09M $96.80M $91.71M
YoY Change 15.55% 5.55% -27.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $109.6M $116.3M $118.2M
Total Long-Term Liabilities $97.09M $96.80M $91.71M
Total Liabilities $229.0M $237.2M $262.1M
YoY Change -8.45% -9.5% 21.98%
SHAREHOLDERS EQUITY
Retained Earnings -$1.367B -$1.371B
YoY Change 2.18%
Common Stock $1.364B $1.360B
YoY Change 2.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.446M -$10.92M -$453.0K
YoY Change
Total Liabilities & Shareholders Equity $226.6M $226.3M $261.7M
YoY Change -7.22% -13.53% 12.78%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $4.224M -$44.67M -$31.46M
YoY Change -128.17% 41.98% 86.34%
Depreciation, Depletion And Amortization $2.271M $200.0K $200.0K
YoY Change -22.76% 0.0% 0.0%
Cash From Operating Activities -$5.435M $10.50M $1.720M
YoY Change -3.63% 510.35% -123.53%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$10.00K
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities $4.621M -$4.470M -$2.570M
YoY Change -57.41% 73.93% -106.59%
Cash From Investing Activities $4.621M -$4.470M -$2.580M
YoY Change 463.54% 73.26% -106.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.000K -31.93M 50.00K
YoY Change -110.0% -63958.0% -28.57%
NET CHANGE
Cash From Operating Activities -5.435M 10.50M 1.720M
Cash From Investing Activities 4.621M -4.470M -2.580M
Cash From Financing Activities -2.000K -31.93M 50.00K
Net Change In Cash -816.0K -25.90M -810.0K
YoY Change -83.0% 3097.65% -102.55%
FREE CASH FLOW
Cash From Operating Activities -$5.435M $10.50M $1.720M
Capital Expenditures $0.00 $0.00 -$10.00K
Free Cash Flow -$5.435M $10.50M $1.730M
YoY Change -223.8% 506.82% -123.67%

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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40813609
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39695444
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40520041
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39473691
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40813609
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39695444
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40520041
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39473691
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-44672000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-31463000 USD
us-gaap Net Income Loss
NetIncomeLoss
-33350000 USD
us-gaap Net Income Loss
NetIncomeLoss
-45001000 USD
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-65000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-0 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-3000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-44673000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-31464000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-33352000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-45063000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
29469000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4282000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
0 USD
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-44672000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-10922000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
23403000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7565000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
43000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
27102000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
45000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
100000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
8444000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
8519000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
-0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1910000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
-0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-3000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-65000 USD
us-gaap Net Income Loss
NetIncomeLoss
-45001000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
-453000 USD
us-gaap Net Income Loss
NetIncomeLoss
-33350000 USD
us-gaap Net Income Loss
NetIncomeLoss
-45001000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
8327000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7085000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
28381000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
27102000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1000000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
-8146000 USD
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
-0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2744000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1759000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3752000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-26000 USD
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-2574000 USD
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-4413000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-3190000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
3103000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7971000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6655000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
3713000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
20951000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
-0 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
44000 USD
pbyi Increase Decrease In Postmarketing Commitment Liability
IncreaseDecreaseInPostmarketingCommitmentLiability
-859000 USD
pbyi Increase Decrease In Postmarketing Commitment Liability
IncreaseDecreaseInPostmarketingCommitmentLiability
-125000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26085000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6408000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
-0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
38073000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
24430000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
22571000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
57033000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
-0 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
10000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15502000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
22580000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
45000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
98500000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
8444000 USD
pbyi Installment Payments To Acquire Intangible Assets
InstallmentPaymentsToAcquireIntangibleAssets
20000000 USD
pbyi Installment Payments To Acquire Intangible Assets
InstallmentPaymentsToAcquireIntangibleAssets
-0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31929000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
45000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-21346000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29033000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
97454000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
73210000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
76108000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
102243000 USD
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
30000000 USD
us-gaap Interest Paid Net
InterestPaidNet
7914000 USD
us-gaap Interest Paid Net
InterestPaidNet
7021000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
84000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
183000 USD
pbyi Number Of Subsidiaries
NumberOfSubsidiaries
2 pure
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-44700000 USD
us-gaap Net Income Loss
NetIncomeLoss
-33400000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26100000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
63900000 USD
CY2021Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
23600000 USD
CY2021Q3 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
2000000 USD
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Use of Estimates: </b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:41pt;">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the balance sheet, and reported amounts of revenues and expenses for the period presented. Accordingly, actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:41pt;">Significant estimates include estimates for variable consideration for which reserves were established. These estimates are included in the calculation of net revenues and include trade discounts and allowances, product returns, provider chargebacks and discounts, government rebates, payor rebates, and other incentives, such as voluntary patient assistance, and other allowances that are offered within contracts between the Company and its customers, payors, and other indirect customers relating to the Company’s sale of its products.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8765991000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9533446000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-44672000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-31463000 USD
us-gaap Net Income Loss
NetIncomeLoss
-33350000 USD
us-gaap Net Income Loss
NetIncomeLoss
-45001000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40814000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39695000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40520000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39474000
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40814000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39695000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40520000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39474000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.09
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.14
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.09
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.14
CY2021Q3 pbyi Potential Milestone And Royalty Payments Receivable
PotentialMilestoneAndRoyaltyPaymentsReceivable
581300000 USD
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
12200000 USD
CY2021Q3 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
69840000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2000 USD
CY2021Q3 pbyi Cash Cash Equivalents And Shortterm Investments Fair Value
CashCashEquivalentsAndShorttermInvestmentsFairValue
69838000 USD
CY2020Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
79813000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
-0 USD
CY2020Q4 pbyi Cash Cash Equivalents And Shortterm Investments Fair Value
CashCashEquivalentsAndShorttermInvestmentsFairValue
79813000 USD
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Concentration of Risk: </b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:41pt;">Financial instruments, which potentially subject the Company to concentrations of credit risk, principally consist of cash and cash equivalents, marketable securities, and accounts receivable, net. The Company’s cash and cash equivalents and restricted cash in excess of the Federal Deposit Insurance Corporation and the Securities Investor Protection Corporation insured limits at <em style="font: inherit;"> September 30, 2021</em>, were approximately $75.9 million. The Company does <em style="font: inherit;">not</em> believe it is exposed to any significant credit risk due to the quality nature of the financial instruments in which the money is held. Pursuant to the Company’s internal investment policy, investments must be rated A-<em style="font: inherit;">1/P</em>-<em style="font: inherit;">1</em> or better by Standard and Poor’s Rating Service and Moody’s Investors Service at the time of purchase.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:41pt;">The Company sells its products in the United States primarily through specialty pharmacies and specialty distributors. Therefore, wholesale distributors and large pharmacy chains account for a large portion of its accounts receivables, net and product revenues, net. The creditworthiness of its customers is continuously monitored, and the Company has internal policies regarding customer credit limits. The Company estimates an allowance for doubtful accounts primarily based on the credit worthiness of its customers, historical payment patterns, aging of receivable balances and general economic conditions. The Company recorded a recovery of $1.0 million credit loss and $1.0 million as an allowance for credit loss for the periods ended <em style="font: inherit;"> September 30, 2021</em> and <em style="font: inherit;"> December 31, 2020</em>, respectively.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:41pt;">The Company’s success depends on its ability to successfully commercialize NERLYNX. The Company currently has a single product and limited commercial sales experience, which makes it difficult to evaluate its current business, predict its future prospects and forecast financial performance and growth. The Company has invested a significant portion of its efforts and financial resources in the development and commercialization of the lead product, NERLYNX, and expects NERLYNX to constitute the vast majority of product revenue for the foreseeable future.  </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:41pt;">The Company relies exclusively on <em style="font: inherit;">third</em> parties to formulate and manufacture NERLYNX and its drug candidates. The commercialization of NERLYNX and any other drug candidates, if approved, could be stopped, delayed or made less profitable if those <em style="font: inherit;">third</em> parties fail to provide sufficient quantities of product or fail to do so at acceptable quality levels or prices. The Company has <em style="font: inherit;">no</em> experience in drug formulation or manufacturing and does <em style="font: inherit;">not</em> intend to establish its own manufacturing facilities. The Company lacks the resources and expertise to formulate or manufacture NERLYNX and other drug candidates. While the drug candidates were being developed by Pfizer, both the drug substance and drug product were manufactured by <em style="font: inherit;">third</em>-party contractors. The Company is using the same <em style="font: inherit;">third</em>-party contractors to manufacture, supply, store and distribute drug supplies for clinical trials and the commercialization of NERLYNX. If the Company is unable to continue its relationships with <em style="font: inherit;">one</em> or more of these <em style="font: inherit;">third</em>-party contractors, it could experience delays in the development or commercialization efforts as it locates and qualifies new manufacturers. The Company intends to rely on <em style="font: inherit;">one</em> or more <em style="font: inherit;">third</em>-party contractors to manufacture the commercial supply of drugs.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021Q3 pbyi Cash And Cash Equivalents And Restricted Cash In Excess Of Insured Limits
CashAndCashEquivalentsAndRestrictedCashInExcessOfInsuredLimits
75900000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1000000.0 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000.0 USD
CY2021Q3 pbyi Average Incremental Borrowing Rate
AverageIncrementalBorrowingRate
0.109 pure
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2000000.0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000000.0 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2000000.0 USD
CY2021Q3 pbyi Finitelived Intangible Asset Expected Amortization Year Nine
FinitelivedIntangibleAssetExpectedAmortizationYearNine
2000000.0 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.109 pure
CY2021Q3 pbyi Trade Accounts Receivable Net Excluding License Revenue Receivable
TradeAccountsReceivableNetExcludingLicenseRevenueReceivable
20980000 USD
CY2020Q4 pbyi Trade Accounts Receivable Net Excluding License Revenue Receivable
TradeAccountsReceivableNetExcludingLicenseRevenueReceivable
21515000 USD
CY2021Q3 pbyi License Revenue Receivable
LicenseRevenueReceivable
0 USD
CY2020Q4 pbyi License Revenue Receivable
LicenseRevenueReceivable
2500000 USD
CY2021Q3 pbyi Royalty Revenue Receivable
RoyaltyRevenueReceivable
2819000 USD
CY2020Q4 pbyi Royalty Revenue Receivable
RoyaltyRevenueReceivable
2528000 USD
CY2021Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
23799000 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
26543000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
-0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1000000 USD
CY2021Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
23799000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
25543000 USD
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1000000.0 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000.0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1000000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1000000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2021Q3 pbyi Deposit For Manufacturing Costs Current
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0 USD
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