2023 Q1 Form 10-K Financial Statement

#000143774923005233 Filed on March 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $52.78M $65.68M $228.0M
YoY Change 15.39% 18.64% -9.92%
Cost Of Revenue $13.22M $16.84M $55.09M
YoY Change 21.89% 41.54% -13.51%
Gross Profit $39.56M $48.84M $172.9M
YoY Change 13.37% 12.37% -8.72%
Gross Profit Margin 74.95% 74.36% 75.84%
Selling, General & Admin $22.49M $25.04M $89.98M
YoY Change 10.21% 11.47% -22.63%
% of Gross Profit 56.84% 51.27% 52.03%
Research & Development $12.71M $13.78M $52.24M
YoY Change -16.61% -2.71% -27.31%
% of Gross Profit 32.12% 28.22% 30.21%
Depreciation & Amortization $100.0K $2.207M $600.0K
YoY Change -50.0% -2.82% -14.29%
% of Gross Profit 0.25% 4.52% 0.35%
Operating Expenses $35.19M $38.82M $142.2M
YoY Change -1.25% 5.99% -24.42%
Operating Profit $4.365M $10.02M $23.72M
YoY Change -684.34% 46.6% 1738.76%
Interest Expense $3.312M -$2.760M $11.59M
YoY Change 24.32% 2.03% -9.49%
% of Operating Profit 75.88% -27.56% 48.87%
Other Income/Expense, Net -$2.817M -$204.0K -$23.26M
YoY Change 7.56% -271.43% -22.69%
Pretax Income $1.548M -$5.312M $457.0K
YoY Change -145.99% -219.75% -101.59%
Income Tax $147.0K $294.0K $455.0K
% Of Pretax Income 9.5% 99.56%
Net Earnings $1.401M -$5.606M $2.000K
YoY Change -141.17% -232.72% -100.01%
Net Earnings / Revenue 2.65% -8.54% 0.0%
Basic Earnings Per Share $0.03 $0.00
Diluted Earnings Per Share $0.03 -$0.12 $0.00
COMMON SHARES
Basic Shares Outstanding 46.64M 45.64M 44.67M
Diluted Shares Outstanding 47.16M 44.93M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $71.22M $81.07M $81.07M
YoY Change -3.64% -1.26% -1.26%
Cash & Equivalents $61.39M $76.20M $76.20M
Short-Term Investments $9.823M $4.873M $4.873M
Other Short-Term Assets $449.0K $2.429M $6.411M
YoY Change -28.84% 443.4% -64.93%
Inventory $3.891M $4.526M $4.526M
Prepaid Expenses $5.032M $5.902M
Receivables $31.16M $40.35M $29.52M
Other Receivables $7.270M $12.75M $12.75M
Total Short-Term Assets $111.8M $134.3M $134.3M
YoY Change -4.95% -4.1% -4.1%
LONG-TERM ASSETS
Property, Plant & Equipment $1.019M $1.146M $12.51M
YoY Change -35.95% -34.74% -20.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.660M $4.660M $4.660M
YoY Change 15.63% -0.11% -0.11%
Total Long-Term Assets $84.50M $87.78M $87.78M
YoY Change 1.67% 1.4% 1.4%
TOTAL ASSETS
Total Short-Term Assets $111.8M $134.3M $134.3M
Total Long-Term Assets $84.50M $87.78M $87.78M
Total Assets $196.3M $222.1M $222.1M
YoY Change -2.21% -2.0% -2.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.589M $6.440M $6.440M
YoY Change 15.88% -42.37% -42.37%
Accrued Expenses $34.14M $53.03M $69.67M
YoY Change -44.8% -42.71% -27.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $48.19M $77.48M $77.48M
YoY Change -35.57% -29.29% -29.29%
LONG-TERM LIABILITIES
Long-Term Debt $98.62M $98.31M $98.31M
YoY Change 1.28% 1.25% 1.25%
Other Long-Term Liabilities $23.60M $24.66M $24.66M
YoY Change 10.43% 10.32% 10.32%
Total Long-Term Liabilities $98.62M $98.31M $123.0M
YoY Change 1.28% 1.25% 2.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.19M $77.48M $77.48M
Total Long-Term Liabilities $98.62M $98.31M $123.0M
Total Liabilities $170.4M $200.5M $200.5M
YoY Change -11.95% -12.48% -12.48%
SHAREHOLDERS EQUITY
Retained Earnings -$1.365B -$1.367B
YoY Change -0.35% 0.0%
Common Stock $1.391B $1.388B
YoY Change 1.01% 1.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.85M $21.61M $21.61M
YoY Change
Total Liabilities & Shareholders Equity $196.3M $222.1M $222.1M
YoY Change -2.21% -2.0% -2.0%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.401M -$5.606M $2.000K
YoY Change -141.17% -232.72% -100.01%
Depreciation, Depletion And Amortization $100.0K $2.207M $600.0K
YoY Change -50.0% -2.82% -14.29%
Cash From Operating Activities $2.600M $7.683M -$15.80M
YoY Change -109.67% -241.36% -176.33%
INVESTING ACTIVITIES
Capital Expenditures $12.50M $7.000M $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$4.950M -$4.873M $14.10M
YoY Change -155.11% -205.45% -229.62%
Cash From Investing Activities -$17.45M -$11.87M $7.104M
YoY Change -294.28% -356.94% -165.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 2.431M $12.22M
YoY Change -100.0% -121650.0% -138.28%
NET CHANGE
Cash From Operating Activities $2.600M 7.683M -$15.80M
Cash From Investing Activities -$17.45M -11.87M $7.104M
Cash From Financing Activities $0.00 2.431M $12.22M
Net Change In Cash -$14.81M -1.759M $3.500M
YoY Change 83.53% 115.56% -115.79%
FREE CASH FLOW
Cash From Operating Activities $2.600M $7.683M -$15.80M
Capital Expenditures $12.50M $7.000M $0.00
Free Cash Flow -$9.900M $683.0K -$15.80M
YoY Change -112.57% -176.33%

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WeightedAverageNumberOfSharesOutstandingBasic
44674501
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40638852
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39576107
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44929998
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40638852
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39576107
CY2022 us-gaap Net Income Loss
NetIncomeLoss
2000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2020 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
17463000 usd
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
36575000 usd
CY2020 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
68000 usd
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-3000 usd
CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-65000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
32633000 usd
CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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0 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
-29126000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-2446000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11826000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
0 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12224000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
2000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
21608000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
2000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-29126000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-59995000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
8920000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10598000 usd
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10033000 usd
CY2022 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
7000000 usd
CY2021 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
0 usd
CY2020 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
11826000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
32633000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
36575000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1000000 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1000000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1000 usd
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-8146000 usd
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7824000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5983000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2353000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2583000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3655000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
284000 usd
CY2022 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-2367000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-2669000 usd
CY2020 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-2207000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1982000 usd
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-3194000 usd
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
3120000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-4734000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-902000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7107000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-33065000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
5209000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
19251000 usd
CY2022 pbyi Increase Decrease In Postmarketing Commitment Liability
IncreaseDecreaseInPostmarketingCommitmentLiability
-921000 usd
CY2021 pbyi Increase Decrease In Postmarketing Commitment Liability
IncreaseDecreaseInPostmarketingCommitmentLiability
-1134000 usd
CY2020 pbyi Increase Decrease In Postmarketing Commitment Liability
IncreaseDecreaseInPostmarketingCommitmentLiability
-140000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15827000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20650000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
773000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
-0 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
-0 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
46000 usd
CY2022 us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
7000000 usd
CY2021 us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
-0 usd
CY2020 us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
-0 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
4836000 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
38073000 usd
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
29826000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
18940000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
27192000 usd
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
73275000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
-0 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
-0 usd
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
10000000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7104000 usd
CY2021 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
CY2020 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
0 usd
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
68000 usd
CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
12500000 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
277000 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
-0 usd
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
-0 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
98500000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10881000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
33403000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
0 usd
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
8444000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
-0 usd
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
100000000 usd
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
8444000 usd
CY2022 pbyi Payment For Debt Extinguishment Debt Prepayment Cost And Other Extinguishment Costs
PaymentForDebtExtinguishmentDebtPrepaymentCostAndOtherExtinguishmentCosts
-0 usd
CY2021 pbyi Payment For Debt Extinguishment Debt Prepayment Cost And Other Extinguishment Costs
PaymentForDebtExtinguishmentDebtPrepaymentCostAndOtherExtinguishmentCosts
8521000 usd
CY2020 pbyi Payment For Debt Extinguishment Debt Prepayment Cost And Other Extinguishment Costs
PaymentForDebtExtinguishmentDebtPrepaymentCostAndOtherExtinguishmentCosts
-0 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
-0 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1910000 usd
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
usd
CY2022 pbyi Installment Payments To Acquire Intangible Assets
InstallmentPaymentsToAcquireIntangibleAssets
-0 usd
CY2021 pbyi Installment Payments To Acquire Intangible Assets
InstallmentPaymentsToAcquireIntangibleAssets
20000000 usd
CY2020 pbyi Installment Payments To Acquire Intangible Assets
InstallmentPaymentsToAcquireIntangibleAssets
10000000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12223000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31931000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9932000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3500000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-22162000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24244000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
75292000 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
78792000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
75292000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
97454000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
12500000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
0 usd
CY2020 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
20000000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
10319000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
10342000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
9703000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
384000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
324000 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
207000 usd
CY2022 pbyi Number Of Subsidiaries
NumberOfSubsidiaries
1 pure
CY2022Q4 pbyi Upfront License Fee
UpfrontLicenseFee
7000000.0 usd
CY2022Q4 pbyi Milestone Payments Maximum Amount
MilestonePaymentsMaximumAmount
287300000 usd
CY2022 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
7000000.0 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
2000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15800000 usd
CY2022Q4 pbyi Cash Cash Equivalents And Marketable Securities
CashCashEquivalentsAndMarketableSecurities
81100000 usd
CY2021Q4 pbyi Prepaid Professional Fess Current
PrepaidProfessionalFessCurrent
398000 usd
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"><b>Reclassifications</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 28pt;">In preparing the <em style="font: inherit;">2021</em> consolidated statement of cash flows, the Company determined that $10.0 million paid for the purchase of intangible assets was incorrectly presented as cash used in investing activities for the year ended <em style="font: inherit;"> December 31, 2020. </em>This error was <em style="font: inherit;">not</em> considered material to the Company’s consolidated financial statements and the payment has been correctly presented as cash used in financing activities in the accompanying comparative financial statements.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2022 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:28pt;">The preparation of consolidated financial statements in conformity with 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:28pt;">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. Other significant estimates also include those related to legal and other expense accruals. </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6806839000
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8110814000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8979797000
CY2022Q4 pbyi Sublease Agreement Potential Milestone Payments
SubleaseAgreementPotentialMilestonePayments
579800000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1445000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
2600000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
12200000 usd
CY2022Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
46546000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
-0 usd
CY2022Q4 pbyi Cash Cash Equivalents And Shortterm Investments Fair Value
CashCashEquivalentsAndShorttermInvestmentsFairValue
46546000 usd
CY2021Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
69849000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2000 usd
CY2021Q4 pbyi Cash Cash Equivalents And Shortterm Investments Fair Value
CashCashEquivalentsAndShorttermInvestmentsFairValue
69847000 usd
CY2022 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:28pt;">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;"> December 31, 2022</em>, were approximately $78.5 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:28pt;">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 credit loss primarily based on the credit worthiness of its customers, historical payment patterns, aging of receivable balances and general economic conditions. The Company recorded credit loss expense of $1.0 million during <em style="font: inherit;">2020</em> and a recovery of credit loss expense in <em style="font: inherit;">2021.</em></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:28pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 28pt;">As of <em style="font: inherit;"> December </em><em style="font: inherit;">31,</em> <em style="font: inherit;">2022</em> and <em style="font: inherit;">2021,</em> accounts receivable from individual customers with balances due in excess of <em style="font: inherit;">10%</em> of total accounts receivable totaled $28.9 million and $23.2 million, 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:28pt;">The Company’s success depends on its ability to successfully commercialize NERLYNX. The Company currently has a single product with 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:28pt;">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 developed by Pfizer, both the drug substance and drug product are 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>
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CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
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3941000 usd
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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58112000 usd
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CY2022Q4 pbyi Deferred Tax Assets Accrued Legal Verdict
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CY2020Q4 us-gaap Deferred Tax Asset Interest Carryforward
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CY2020Q4 pbyi Deferred Tax Assets Accrued Legal Verdict
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561000 usd
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CY2022Q4 pbyi Deferred Tax Liabilities Lease Right Of Use Asset
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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3276000 usd
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