$PHAT
Phathom Pharmaceuticals, Inc.

2022 Q4 Form 10-Q Financial Statement

#000095017022023160 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $30.70M $23.51M $16.53M
YoY Change 57.51% 42.23% 134.12%
% of Gross Profit
Research & Development $15.95M $19.02M $16.61M
YoY Change 17.67% 14.52% -35.55%
% of Gross Profit
Depreciation & Amortization $168.0K $175.0K $130.0K
YoY Change 24.44% 34.62% 47.73%
% of Gross Profit
Operating Expenses $46.64M $42.53M $33.14M
YoY Change 41.17% 28.34% 0.94%
Operating Profit -$42.53M -$33.14M
YoY Change 28.34% 0.94%
Interest Expense -$8.315M $9.277M $1.485M
YoY Change 200.29% 524.71% 15.47%
% of Operating Profit
Other Income/Expense, Net -$90.00K -$8.562M -$2.048M
YoY Change 429.41% 318.07% 60.63%
Pretax Income -$55.05M -$51.09M -$36.66M
YoY Change 53.65% 39.36% 7.48%
Income Tax
% Of Pretax Income
Net Earnings -$55.05M -$51.09M -$36.66M
YoY Change 53.65% 39.36% 7.5%
Net Earnings / Revenue
Basic Earnings Per Share -$1.32 -$0.98
Diluted Earnings Per Share -$1.33 -$1.32 -$1.220M
COMMON SHARES
Basic Shares Outstanding 41.62M 39.18M 37.30M
Diluted Shares Outstanding 38.82M 37.30M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.4M $196.8M $224.6M
YoY Change -15.21% -12.37% -0.79%
Cash & Equivalents $155.4M $196.8M $224.6M
Short-Term Investments
Other Short-Term Assets $5.127M $975.0K $695.0K
YoY Change 56.93% 40.29% -13.13%
Inventory $0.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $160.5M $197.8M $225.3M
YoY Change -13.95% -12.21% -0.83%
LONG-TERM ASSETS
Property, Plant & Equipment $1.207M $831.0K $692.0K
YoY Change 85.69% 20.09% -79.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $299.0K $805.0K $341.0K
YoY Change -12.32% 136.07% -10.5%
Total Long-Term Assets $4.298M $4.118M $3.064M
YoY Change 47.95% 34.4% -16.94%
TOTAL ASSETS
Total Short-Term Assets $160.5M $197.8M $225.3M
Total Long-Term Assets $4.298M $4.118M $3.064M
Total Assets $164.8M $201.9M $228.4M
YoY Change -13.0% -11.58% -1.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.997M $7.135M $5.582M
YoY Change 94.12% 27.82% 16.58%
Accrued Expenses $14.68M $13.29M $11.04M
YoY Change 28.7% 20.37% -33.47%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $945.0K $0.00
YoY Change -100.0%
Total Short-Term Liabilities $26.24M $22.88M $27.81M
YoY Change 38.67% -17.73% 0.51%
LONG-TERM LIABILITIES
Long-Term Debt $95.26M $93.88M $88.31M
YoY Change 6.24% 6.31% 115.05%
Other Long-Term Liabilities $7.500M $7.500M $8.780M
YoY Change 0.0% -14.58% 112.85%
Total Long-Term Liabilities $102.8M $101.4M $97.09M
YoY Change 5.76% 4.42% 114.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.24M $22.88M $27.81M
Total Long-Term Liabilities $102.8M $101.4M $97.09M
Total Liabilities $239.6M $228.4M $124.9M
YoY Change 104.33% 82.84% 67.64%
SHAREHOLDERS EQUITY
Retained Earnings -$727.1M -$672.0M -$493.5M
YoY Change 37.35% 36.17% 48.76%
Common Stock $652.3M $645.6M $597.0M
YoY Change 8.44% 8.14% 22.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$74.81M -$26.42M $103.5M
YoY Change
Total Liabilities & Shareholders Equity $164.8M $201.9M $228.4M
YoY Change -13.0% -11.58% -1.09%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$55.05M -$51.09M -$36.66M
YoY Change 53.65% 39.36% 7.5%
Depreciation, Depletion And Amortization $168.0K $175.0K $130.0K
YoY Change 24.44% 34.62% 47.73%
Cash From Operating Activities -$40.70M -$35.02M -$29.07M
YoY Change -1.75% 20.47% 40.21%
INVESTING ACTIVITIES
Capital Expenditures $412.0K -$134.0K -$14.00K
YoY Change -512.0% 857.14% -92.63%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$412.0K -$134.0K -$14.00K
YoY Change 312.0% 857.14% -92.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 24.60M 44.03M
YoY Change -100.0% -44.14%
NET CHANGE
Cash From Operating Activities -40.70M -35.02M -29.07M
Cash From Investing Activities -412.0K -134.0K -14.00K
Cash From Financing Activities 0.000 24.60M 44.03M
Net Change In Cash -41.11M -10.55M 14.95M
YoY Change -0.61% -170.6% -171.46%
FREE CASH FLOW
Cash From Operating Activities -$40.70M -$35.02M -$29.07M
Capital Expenditures $412.0K -$134.0K -$14.00K
Free Cash Flow -$41.11M -$34.88M -$29.05M
YoY Change -0.52% 20.07% 41.44%

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PaidInKindInterest
2594000
us-gaap Paid In Kind Interest
PaidInKindInterest
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0
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IncreaseDecreaseInClinicalAccruedTrialExpenses
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IncreaseDecreaseInInterestPayableNet
209000
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IncreaseDecreaseInOtherNoncurrentAssets
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NetCashProvidedByUsedInOperatingActivities
-105834000
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NetCashProvidedByUsedInOperatingActivities
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PaymentsToAcquirePropertyPlantAndEquipment
629000
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PaymentsToAcquirePropertyPlantAndEquipment
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NetCashProvidedByUsedInInvestingActivities
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NetCashProvidedByUsedInInvestingActivities
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ProceedsFromStockOptionsExercised
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54125000
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ProceedsFromIssuanceOfLongTermDebt
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NetProceedsFromRevenueInterestFinancingTransaction
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NetCashProvidedByUsedInFinancingActivities
120042000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
44545000
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-62878000
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
224618000
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InterestPaidNet
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InterestPaidNet
2920000
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1290000
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CapitalExpendituresIncurredButNotYetPaid
4000
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CapitalExpendituresIncurredButNotYetPaid
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NonCashFinalInterestPaymentFee
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OperatingLeaseLiabilitiesArisingFromObtainingRightOfUseAssets
554000
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1116000
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OperatingLeaseExpense
300000
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
200000
us-gaap Operating Lease Expense
OperatingLeaseExpense
700000
us-gaap Operating Lease Expense
OperatingLeaseExpense
600000
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OperatingLeaseRightOfUseAsset
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us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:10.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Calibri&quot;, sans-serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Calibri&quot;, sans-serif;min-width:fit-content;">The preparation of the Company’s financial statements requires it to make estimates and assumptions that impact the reported amounts of assets, liabilities and expenses and the disclosure of contingent assets and liabilities in the Company’s financial statements and accompanying notes. The most significant estimates in the Company’s financial statements relate to accruals for research and development expenses and the valuation of various equity instruments. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results could differ materially from those estimates and assumptions.</span></p>
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FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
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us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
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AccruedLiabilitiesCurrent
13289000
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AccruedLiabilitiesCurrent
11405000
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NumberOfOperatingSegments
1
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PurchaseCommitmentExpense
0
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PurchaseCommitmentExpense
0
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PropertyPlantAndEquipmentGross
2135000
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PropertyPlantAndEquipmentGross
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1304000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
852000
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PropertyPlantAndEquipmentNet
831000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
650000
CY2022Q3 us-gaap Depreciation
Depreciation
175000
CY2021Q3 us-gaap Depreciation
Depreciation
130000
us-gaap Depreciation
Depreciation
452000
us-gaap Depreciation
Depreciation
386000
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PropertyPlantAndEquipmentDisposals
0
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PropertyPlantAndEquipmentDisposals
0
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AccruedResearchAndDevelopmentExpenses
4282000
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AccruedResearchAndDevelopmentExpenses
3165000
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5655000
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AccruedEmployeeBenefitsCurrent
6344000
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AccruedProfessionalFeesCurrent
3321000
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AccruedProfessionalFeesCurrent
1855000
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OtherAccruedLiabilitiesCurrent
31000
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OtherAccruedLiabilitiesCurrent
41000
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OperatingLeaseRightOfUseAsset
1914000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2482000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1914000
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OperatingLeaseLiabilityCurrent
685000
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OperatingLeaseLiabilityCurrent
487000
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OperatingLeaseLiabilityNoncurrent
1247000
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OperatingLeaseLiabilityNoncurrent
1183000
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OperatingLeaseLiability
1932000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1670000
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LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
163000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
733000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
752000
CY2022Q3 phat Lessee Operating Lease Liability Payments Due After Year Three
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearThree
513000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2161000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
229000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1932000
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
685000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1247000
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M8D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0773
us-gaap Operating Lease Payments
OperatingLeasePayments
1000000.0
us-gaap Operating Lease Payments
OperatingLeasePayments
500000
CY2022Q3 phat Long Term Debt Noncurrent Excluding Unamortized Debt Discount
LongTermDebtNoncurrentExcludingUnamortizedDebtDiscount
103585000
CY2022Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
9707000
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
93878000
CY2022Q3 phat Long Term Debt Maturities Repayments Of Principal And Interest Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestRemainderOfFiscalYear
2181000
CY2022Q3 phat Long Term Debt Maturities Repayments Of Principal And Interest Due Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestDueNextTwelveMonths
9119000
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LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestInYearTwo
9459000
CY2022Q3 phat Long Term Debt Maturities Repayments Of Principal And Interest In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestInYearThree
31833000
CY2022Q3 phat Long Term Debt Maturities Repayments Of Principal And Interest In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestInYearFour
106530000
CY2022Q3 phat Long Term Debt And Interest
LongTermDebtAndInterest
159122000
CY2022Q3 phat Debt Instrument Interest And Final Payment Fee
DebtInstrumentInterestAndFinalPaymentFee
59122000
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
100000000
phat Investors Right To Receive Royalties Termination Description
InvestorsRightToReceiveRoyaltiesTerminationDescription
The investors’ right to receive royalties on net sales will terminate when the investors have aggregate payments equal to 200% of the Investment Amount. In addition, at any time after the earlier of (i) April 30, 2024 and (ii) the date that the payment for erosive esophagitis regulatory approval is made, the Company has the right to make a cap payment equal to 200% of the Investment Amount less any royalties already paid, at which time the agreement will terminate.
phat Investors Receipt Description
InvestorsReceiptDescription
If the investors have not received aggregate payments of at least 100% of the Investment Amount by December 31, 2028, and at least 200% of the Investment Amount by December 31, 2037, each a Minimum Amount, then the Company will be obligated to make a cash payment to the investors in an amount sufficient to gross the investors up to the applicable Minimum Amount.
phat Default Obligation Description
DefaultObligationDescription
Upon the occurrence of an event of default taking place prior to April 1, 2025, between April 1, 2025, and April 1, 2028, and after April 1, 2028, the Company is obligated to pay 1.30 times Investment Amount, 1.65 times Investment Amount, and 2.0 times investment amount, respectively, less any amounts the Company previously paid pursuant to the agreement.
phat Change In Control Description
ChangeInControlDescription
Upon the occurrence of a change in control event taking place prior to the earlier of April 1, 2024, or FDA approval of vonoprazan for erosive esophagitis, the Company is obligated to pay 200% of the Investment Amount plus either 15% of the Investment Amount if occurrence prior to May 3, 2023, or plus 30% of the Investment Amount if occurrence thereafter.
phat Gross Proceeds From Revenue Interest Financing Agreement
GrossProceedsFromRevenueInterestFinancingAgreement
100000000.0
phat Payment Of Transaction Costs
PaymentOfTransactionCosts
4600000
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NetProceedsFromRevenueInterestFinancingTransaction
95400000
CY2022Q3 phat Revenue Interest Financing Liability
RevenueInterestFinancingLiability
103800000
phat Gross Proceeds From Revenue Interest Financing Agreement
GrossProceedsFromRevenueInterestFinancingAgreement
100000000
phat Payment Of Transaction Costs
PaymentOfTransactionCosts
4554000
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InterestExpenseRelatedToRevenueInterestFinancingLiability
8349000
CY2022Q3 phat Revenue Interest Financing Liability
RevenueInterestFinancingLiability
103795000
CY2022Q3 phat Interest Expense Related To Revenue Interest Financing Liability
InterestExpenseRelatedToRevenueInterestFinancingLiability
5600000
phat Interest Expense Related To Revenue Interest Financing Liability
InterestExpenseRelatedToRevenueInterestFinancingLiability
8300000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1144809
phat Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Vesting
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareVesting
667780
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
477029
CY2022Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
8780741
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
40000000
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
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PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1100000
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.75
CY2021Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
700000
CY2021Q3 phat Defined Contribution Plan Employer Discretionary Match Number Of Shares Settled
DefinedContributionPlanEmployerDiscretionaryMatchNumberOfSharesSettled
18394
CY2022Q1 phat Defined Contribution Plan Employer Discretionary Match Number Of Shares Settled
DefinedContributionPlanEmployerDiscretionaryMatchNumberOfSharesSettled
16756
CY2022Q3 phat Defined Contribution Plan Employer Discretionary Match Number Of Shares Settled
DefinedContributionPlanEmployerDiscretionaryMatchNumberOfSharesSettled
84784
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4186729
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.53
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y5M4D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13973000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1691931
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
14.75
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
257187
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
29.79
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5621473
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.58
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y1M2D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4290000
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2262491
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
24.69
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y3M21D
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2631000
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
42400000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M17D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.6601
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.6737
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0200
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0065
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5816000
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4419000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17476000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12474000

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Name View Source Status
0000950170-22-023160-index-headers.html Edgar Link pending
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0000950170-22-023160.txt Edgar Link pending
0000950170-22-023160-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
phat-20220930.htm Edgar Link pending
phat-20220930.xsd Edgar Link pending
phat-ex10_1.htm Edgar Link pending
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phat-20220930_cal.xml Edgar Link unprocessable
phat-20220930_def.xml Edgar Link unprocessable
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phat-20220930_lab.xml Edgar Link unprocessable
phat-20220930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable