2014 Q4 Form 10-Q Financial Statement

#000117891314003396 Filed on November 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $95.00K $95.00K $95.00K
YoY Change 0.0% 0.0% -51.28%
Cost Of Revenue $4.000K $3.000K $3.000K
YoY Change 33.33% 0.0% -50.0%
Gross Profit $91.00K $92.00K $92.00K
YoY Change -1.09% 0.0% -51.32%
Gross Profit Margin 95.79% 96.84% 96.84%
Selling, General & Admin $1.510M $1.680M $1.830M
YoY Change -23.74% -8.2% 8.93%
% of Gross Profit 1659.34% 1826.09% 1989.13%
Research & Development $5.385M $5.497M
YoY Change -11.82% 46.66%
% of Gross Profit 5917.58% 5975.0%
Depreciation & Amortization $500.0K $498.0K $461.0K
YoY Change 4.17% 8.03% 254.62%
% of Gross Profit 549.45% 541.3% 501.09%
Operating Expenses $5.385M $5.720M $4.952M
YoY Change -11.82% 15.51% 13.09%
Operating Profit -$6.301M -$5.623M -$4.860M
YoY Change -9.86% 15.7% 15.99%
Interest Expense $60.00K $200.0K $110.0K
YoY Change -79.31% 81.82% -45.0%
% of Operating Profit
Other Income/Expense, Net $56.00K -$288.0K $105.0K
YoY Change -80.35% -374.29%
Pretax Income -$6.250M -$5.910M -$4.760M
YoY Change -6.86% 24.16% 19.0%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$6.245M -$5.911M -$4.755M
YoY Change -6.86% 24.31% 19.02%
Net Earnings / Revenue -6573.68% -6222.11% -5005.26%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.89 -$0.86 -$0.80
COMMON SHARES
Basic Shares Outstanding 70.08M shares 69.28M shares 59.18M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.24M $46.05M $48.67M
YoY Change -20.28% -5.38% -28.75%
Cash & Equivalents $6.961M $5.662M $8.603M
Short-Term Investments $38.28M $40.39M $40.06M
Other Short-Term Assets $1.040M $704.0K $3.049M
YoY Change -13.19% -76.91%
Inventory
Prepaid Expenses
Receivables $158.0K $451.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $47.13M $52.29M $52.47M
YoY Change -19.29% -0.34% -25.03%
LONG-TERM ASSETS
Property, Plant & Equipment $10.20M $10.54M $11.66M
YoY Change -10.89% -9.62% 81.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $270.0K $290.0K $310.0K
YoY Change -15.63% -6.45% -68.37%
Other Assets $9.000K $2.000K $21.00K
YoY Change -65.38% -90.48% -99.39%
Total Long-Term Assets $11.21M $11.54M $13.02M
YoY Change -13.32% -11.35% 13.55%
TOTAL ASSETS
Total Short-Term Assets $47.13M $52.29M $52.47M
Total Long-Term Assets $11.21M $11.54M $13.02M
Total Assets $58.34M $63.83M $65.48M
YoY Change -18.21% -2.52% -19.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.522M $2.421M $2.880M
YoY Change -6.97% -15.94% 69.81%
Accrued Expenses $677.0K $1.003M $1.003M
YoY Change -24.94% 0.0% -6.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.173M $5.985M $5.731M
YoY Change -7.28% 4.43% 9.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $544.0K $566.0K $657.0K
YoY Change -14.06% -13.85% -83.66%
Total Long-Term Liabilities $4.028M $4.150M $4.961M
YoY Change -18.05% -16.35% 23.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.173M $5.985M $5.731M
Total Long-Term Liabilities $4.028M $4.150M $4.961M
Total Liabilities $9.201M $10.14M $10.69M
YoY Change -12.32% -5.21% 15.58%
SHAREHOLDERS EQUITY
Retained Earnings -$126.0M -$119.7M -$91.66M
YoY Change 28.09% 30.64% 31.42%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $49.14M $53.70M $54.79M
YoY Change
Total Liabilities & Shareholders Equity $58.34M $63.83M $65.48M
YoY Change -18.21% -2.52% -19.6%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$6.245M -$5.911M -$4.755M
YoY Change -6.86% 24.31% 19.02%
Depreciation, Depletion And Amortization $500.0K $498.0K $461.0K
YoY Change 4.17% 8.03% 254.62%
Cash From Operating Activities -$5.570M -$3.460M -$5.095M
YoY Change 85.05% -32.09% 44.66%
INVESTING ACTIVITIES
Capital Expenditures $280.0K $271.0K $462.0K
YoY Change -60.56% -41.34% -76.64%
Acquisitions
YoY Change
Other Investing Activities $6.480M $4.790M $3.000K
YoY Change -804.35% 159566.67% -101.0%
Cash From Investing Activities $6.200M $4.520M $4.182M
YoY Change -480.37% 8.08% -260.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 660.0K 110.0K $509.0K
YoY Change -1.49% -78.39% -98.57%
NET CHANGE
Cash From Operating Activities -5.570M -3.460M -$5.095M
Cash From Investing Activities 6.200M 4.520M $4.182M
Cash From Financing Activities 660.0K 110.0K $509.0K
Net Change In Cash 1.290M 1.170M -$404.0K
YoY Change -132.49% -389.6% -101.38%
FREE CASH FLOW
Cash From Operating Activities -$5.570M -$3.460M -$5.095M
Capital Expenditures $280.0K $271.0K $462.0K
Free Cash Flow -$5.850M -$3.731M -$5.557M
YoY Change 57.26% -32.86% 1.04%

Facts In Submission

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CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-5911000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-4755000 USD
CY2014Q3 us-gaap Reimbursement Revenue
ReimbursementRevenue
10000000 USD
CY2013Q4 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
2500000 shares
CY2013Q4 psti Available For Sale Marketable Securities Number
AvailableForSaleMarketableSecuritiesNumber
1011504 shares
CY2013Q4 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
10414000 USD
CY2014Q3 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1908000 USD
CY2014Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
25898000 USD
CY2011Q3 us-gaap Licenses Revenue
LicensesRevenue
7000000 USD
CY2011Q3 us-gaap Revenue From Grants
RevenueFromGrants
5000000 USD
CY2011Q3 us-gaap Proceeds From Customers
ProceedsFromCustomers
2000000 USD
CY2014Q3 psti Research And Development Milestone Revenue Receivable
ResearchAndDevelopmentMilestoneRevenueReceivable
37500000 USD
CY2014Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-729000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-4288000 USD
CY2014Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-600000 USD
CY2013Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-7000 USD
CY2014Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-198000 USD
CY2014Q3 us-gaap Use Of Estimates
UseOfEstimates
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><div align="justify" style=" text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div><div class="CursorPointer"><table align="center" border="0" cellpadding="0" cellspacing="0" style=" font-size: 10pt; font-family : Times New Roman; width: 100%;"> <tr valign="top"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; width: 0%;"> <div>&#160;</div> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; width: 0%;"> <div style=" text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style=" display: inline; font-family : Times New Roman; font-size: 10pt;">c.</font></div> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none;"> <div align="left"> <div align="left"><font style=" display: inline; font-family : Times New Roman; font-size: 10pt;"><font style=" font-style: italic; display: inline; font-size: 10pt; font-weight: bold;">Use of estimates</font></font></div> </div> </td> </tr> </table></div> </div> </div> <div align="justify" style=" text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div align="justify" style=" text-indent: 0pt; display: block; margin-left: 36pt; margin-right: 0pt;"><font style=" display: inline; font-family : Times New Roman; font-size: 10pt;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</font></div> <div align="justify" style=" text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div></div>
CY2014Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
452000 USD
CY2014Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
19000 USD
CY2014Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
851000 USD
CY2014Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
17000 USD
CY2014Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
463000 USD
CY2014Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
12000 USD
CY2014Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
27025000 USD
CY2014Q2 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2965000 USD
CY2014Q2 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
29000 USD
CY2014Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
29961000 USD
CY2014Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
2336000 USD
CY2014Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
129000 USD
CY2014Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
26517000 USD
CY2014Q3 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1289000 USD
CY2014Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-701000 USD
CY2014Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-842000 USD
CY2014Q3 psti Sharebased Goods And Nonemployees Services Transaction Warrants And Options Number
SharebasedGoodsAndNonemployeesServicesTransactionWarrantsAndOptionsNumber
252000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.73
CY2014Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.62
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1859099 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
3.73
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P2Y10M13D
CY2014Q2 psti Warrants And Options Weighted Average Exercise Price
WarrantsAndOptionsWeightedAverageExercisePrice
5.19
CY2014Q3 psti Warrants And Options Aggregate Intrinsic Value Vested And Expected To Vest
WarrantsAndOptionsAggregateIntrinsicValueVestedAndExpectedToVest
300000 USD
CY2014Q3 psti Royalty Rate Payable On Grants Received
RoyaltyRatePayableOnGrantsReceived
1.00 pure
CY2014Q3 psti Aggregate Grants Received
AggregateGrantsReceived
17406000 USD
CY2014Q3 psti Royalties Amount Paid And Accrued
RoyaltiesAmountPaidAndAccrued
57000 USD
CY2014Q3 us-gaap Royalty Guarantees Commitments Amount
RoyaltyGuaranteesCommitmentsAmount
17349000 USD
CY2014Q3 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
155000 USD
CY2014Q3 psti Warrants And Options Weighted Average Exercise Price Excercisable
WarrantsAndOptionsWeightedAverageExercisePriceExcercisable
5.19
CY2014Q3 psti Warrants And Options Weighted Average Remaining Contractual Term Exercisable
WarrantsAndOptionsWeightedAverageRemainingContractualTermExercisable
P3Y8M16D
CY2014Q3 psti Warrants And Options Aggregate Intrinsic Value Exercisable
WarrantsAndOptionsAggregateIntrinsicValueExercisable
300000 USD
CY2014Q3 psti Sharebased Goods And Nonemployees Services Transaction Warrants And Options Number Vested And Expected To Vest
SharebasedGoodsAndNonemployeesServicesTransactionWarrantsAndOptionsNumberVestedAndExpectedToVest
252000 shares
CY2014Q3 psti Warrants And Options Weighted Average Exercise Price Vested And Expected To Vest
WarrantsAndOptionsWeightedAverageExercisePriceVestedAndExpectedToVest
5.19
CY2014Q3 psti Warrants And Options Weighted Average Remaining Contractual Term Vested And Expected To Vest
WarrantsAndOptionsWeightedAverageRemainingContractualTermVestedAndExpectedToVest
P3Y8M16D
CY2014Q3 psti Warrants And Options Weighted Average Exercise Price
WarrantsAndOptionsWeightedAverageExercisePrice
5.19
CY2014Q3 psti Warrants And Options Weighted Average Remaining Contractual Term
WarrantsAndOptionsWeightedAverageRemainingContractualTerm
P3Y8M16D
CY2014Q3 psti Warrants And Options Aggregate Intrinsic Value
WarrantsAndOptionsAggregateIntrinsicValue
300000 USD
CY2014Q3 psti Sharebased Goods And Nonemployees Services Transaction Warrants And Options Number Exercisable
SharebasedGoodsAndNonemployeesServicesTransactionWarrantsAndOptionsNumberExercisable
252000 shares
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
929000 USD
CY2014Q3 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
929000 USD
CY2014Q2 psti Sharebased Goods And Nonemployees Services Transaction Warrants And Options Number
SharebasedGoodsAndNonemployeesServicesTransactionWarrantsAndOptionsNumber
252000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.73
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y10M13D
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
929000 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1859099 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.73
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y10M13D
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1862099 shares
CY2014Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2014Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1859099 shares
CY2014Q3 dei Entity Registrant Name
EntityRegistrantName
PLURISTEM THERAPEUTICS INC
CY2014Q3 dei Entity Central Index Key
EntityCentralIndexKey
0001158780
CY2014Q3 dei Document Type
DocumentType
10-Q
CY2014Q3 dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
CY2014Q3 dei Amendment Flag
AmendmentFlag
false
CY2014Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30

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exhibit_31-1.htm Edgar Link pending
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