2023 Q3 Form 10-Q Financial Statement

#000155837023013483 Filed on August 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $10.35M $35.08M $8.753M
YoY Change -27.06% 300.72% 36.19%
Cost Of Revenue $4.893M $6.148M $4.087M
YoY Change -30.83% 50.43% -13.65%
Gross Profit $5.452M $28.93M $4.666M
YoY Change -23.31% 519.95% 175.44%
Gross Profit Margin 52.7% 82.47% 53.31%
Selling, General & Admin $3.670M $4.031M $2.611M
YoY Change 28.86% 54.39% -17.66%
% of Gross Profit 67.31% 13.94% 55.96%
Research & Development $3.669M $4.475M $7.579M
YoY Change -50.32% -40.96% -1.43%
% of Gross Profit 67.3% 15.47% 162.43%
Depreciation & Amortization $308.0K $290.0K $270.0K
YoY Change 14.07% 7.41% -3.57%
% of Gross Profit 5.65% 1.0% 5.79%
Operating Expenses $7.339M $8.506M $10.19M
YoY Change -28.29% -16.53% -6.17%
Operating Profit -$1.887M $20.42M -$5.524M
YoY Change -39.62% -469.68% -39.73%
Interest Expense $168.0K -$770.0K $190.0K
YoY Change -138.18% -505.26% -109.13%
% of Operating Profit -3.77%
Other Income/Expense, Net $168.0K -$774.0K $190.0K
YoY Change -138.01% -507.37% -109.16%
Pretax Income -$1.719M $19.65M -$5.334M
YoY Change -51.85% -468.34% -52.54%
Income Tax $133.0K $308.0K
% Of Pretax Income 1.57%
Net Earnings -$1.852M $19.34M -$5.334M
YoY Change -48.08% -462.56% -52.55%
Net Earnings / Revenue -17.9% 55.14% -60.94%
Basic Earnings Per Share -$0.03 $0.29 -$0.11
Diluted Earnings Per Share -$0.04 $0.21 -$0.11
COMMON SHARES
Basic Shares Outstanding 71.58M 65.41M 47.33M
Diluted Shares Outstanding 83.78M 83.20M 47.33M

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.41M $48.20M $12.50M
YoY Change 90.73% 285.6% -63.13%
Cash & Equivalents $20.41M $48.18M $12.49M
Short-Term Investments
Other Short-Term Assets $1.125M $1.708M $2.597M
YoY Change -35.2% -34.23% -13.81%
Inventory $21.58M $19.64M $16.51M
Prepaid Expenses
Receivables $8.935M $4.049M $2.022M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $72.62M $73.58M $49.70M
YoY Change 58.69% 48.04% -48.19%
LONG-TERM ASSETS
Property, Plant & Equipment $4.684M $4.637M $4.768M
YoY Change 0.15% -2.75% -4.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.352M $4.400M $1.400M
YoY Change 210.86% 214.29% -26.32%
Total Long-Term Assets $14.95M $14.84M $10.94M
YoY Change 36.55% 35.66% -10.92%
TOTAL ASSETS
Total Short-Term Assets $72.62M $73.58M $49.70M
Total Long-Term Assets $14.95M $14.84M $10.94M
Total Assets $87.57M $88.42M $60.64M
YoY Change 54.42% 45.81% -43.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.74M $18.55M $7.000M
YoY Change 234.64% 164.93% 14.75%
Accrued Expenses $9.249M $8.608M $1.100M
YoY Change 824.9% 682.55% -8.33%
Deferred Revenue $10.22M
YoY Change -43.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.19M
YoY Change
Total Short-Term Liabilities $43.36M $23.11M $30.96M
YoY Change 26.4% -25.36% -67.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $20.10M $28.00M
YoY Change -100.0% -28.21%
Other Long-Term Liabilities $5.963M $6.200M $11.50M
YoY Change 2.81% -46.09% 30163.16%
Total Long-Term Liabilities $5.963M $26.31M $39.57M
YoY Change -82.42% -33.52% 387.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.36M $23.11M $30.96M
Total Long-Term Liabilities $5.963M $26.31M $39.57M
Total Liabilities $49.32M $49.42M $70.53M
YoY Change -27.7% -29.94% -32.42%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $38.25M $39.00M -$9.889M
YoY Change
Total Liabilities & Shareholders Equity $87.57M $88.42M $60.64M
YoY Change 54.42% 45.81% -43.96%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$1.852M $19.34M -$5.334M
YoY Change -48.08% -462.56% -52.55%
Depreciation, Depletion And Amortization $308.0K $290.0K $270.0K
YoY Change 14.07% 7.41% -3.57%
Cash From Operating Activities -$6.893M $4.980M -$7.360M
YoY Change -25.08% -167.66% -213.06%
INVESTING ACTIVITIES
Capital Expenditures $449.0K $200.0K $130.0K
YoY Change 648.33% 53.85% -53.57%
Acquisitions
YoY Change
Other Investing Activities -$20.43M -$20.00K $490.0K
YoY Change -442.21% -104.08% -93.73%
Cash From Investing Activities -$20.88M -$220.0K $360.0K
YoY Change -453.28% -161.11% -95.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.000K 10.44M 2.640M
YoY Change -100.26% 295.45%
NET CHANGE
Cash From Operating Activities -6.893M 4.980M -7.360M
Cash From Investing Activities -20.88M -220.0K 360.0K
Cash From Financing Activities -4.000K 10.44M 2.640M
Net Change In Cash -27.78M 15.20M -4.360M
YoY Change 1469.27% -448.62% -131.03%
FREE CASH FLOW
Cash From Operating Activities -$6.893M $4.980M -$7.360M
Capital Expenditures $449.0K $200.0K $130.0K
Free Cash Flow -$7.342M $4.780M -$7.490M
YoY Change -20.71% -163.82% -220.22%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Entity Central Index Key
EntityCentralIndexKey
0001006281
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-33357
dei Entity Registrant Name
EntityRegistrantName
PROTALIX BIOTHERAPEUTICS, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
65-0643773
dei Entity Address Address Line1
EntityAddressAddressLine1
2 University Plaza
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 100
dei Entity Address City Or Town
EntityAddressCityOrTown
Hackensack
dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
07601
dei City Area Code
CityAreaCode
201
dei Local Phone Number
LocalPhoneNumber
696-9345
dei Security12b Title
Security12bTitle
Common stock, $0.001 par value
dei Trading Symbol
TradingSymbol
PLX
dei Security Exchange Name
SecurityExchangeName
NYSEAMER
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
71580762
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48184000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17111000
CY2022Q4 plx Short Term Bank Deposits
ShortTermBankDeposits
5069000
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4049000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4586000
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
1708000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1310000
CY2023Q2 us-gaap Inventory Net
InventoryNet
19635000
CY2022Q4 us-gaap Inventory Net
InventoryNet
16804000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
20421000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5524000
CY2023Q2 us-gaap Assets Current
AssetsCurrent
73576000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
44880000
CY2023Q2 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
1268000
CY2022Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
1267000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4637000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4553000
CY2023Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
3130000
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5806000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5087000
CY2023Q2 us-gaap Assets
Assets
88417000
CY2022Q4 us-gaap Assets
Assets
55787000
CY2023Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
3304000
CY2022Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
5862000
CY2023Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
18545000
CY2022Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
12271000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1260000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1118000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
13178000
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
23109000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
32429000
CY2023Q2 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
20132000
CY2022Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
28187000
CY2023Q2 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
1598000
CY2022Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
1642000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4577000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4169000
CY2023Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
26307000
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
33998000
CY2023Q2 us-gaap Liabilities
Liabilities
49416000
CY2022Q4 us-gaap Liabilities
Liabilities
66427000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
39001000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-10640000
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
88417000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
55787000
us-gaap Revenues
Revenues
44663000
us-gaap Revenues
Revenues
24838000
CY2023Q2 us-gaap Revenues
Revenues
35075000
CY2022Q2 us-gaap Revenues
Revenues
8753000
us-gaap Cost Of Revenue
CostOfRevenue
9233000
us-gaap Cost Of Revenue
CostOfRevenue
10121000
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
6148000
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
4087000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10322000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16346000
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4475000
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7579000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7146000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5765000
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4031000
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2611000
us-gaap Operating Income Loss
OperatingIncomeLoss
17962000
us-gaap Operating Income Loss
OperatingIncomeLoss
-7394000
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
2169000
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1242000
CY2023Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1305000
CY2022Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
623000
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
918000
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1016000
CY2023Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
531000
CY2022Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
813000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1251000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-226000
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-774000
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
190000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16711000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7620000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
19647000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5334000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
503000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
308000
us-gaap Net Income Loss
NetIncomeLoss
16208000
us-gaap Net Income Loss
NetIncomeLoss
-7620000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
19339000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-5334000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62378745
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46589976
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67158628
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47327952
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78896220
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46589976
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83200641
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47327952
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-6036000
plx Stock Issued During Period Value Sales Agreement
StockIssuedDuringPeriodValueSalesAgreement
2641000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
293000
plx Share Based Compensation Restricted Stock Awards Net Of Forfeitures
ShareBasedCompensationRestrictedStockAwardsNetOfForfeitures
831000
plx Stock Issued During Period Value Warrants Exercises
StockIssuedDuringPeriodValueWarrantsExercises
2000
us-gaap Net Income Loss
NetIncomeLoss
-7620000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-9889000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-10640000
plx Stock Issued During Period Value Sales Agreement
StockIssuedDuringPeriodValueSalesAgreement
23954000
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
7783000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
812000
plx Share Based Compensation Restricted Stock Awards Net Of Forfeitures
ShareBasedCompensationRestrictedStockAwardsNetOfForfeitures
172000
plx Stock Issued During Period Value Warrants Exercises
StockIssuedDuringPeriodValueWarrantsExercises
712000
us-gaap Net Income Loss
NetIncomeLoss
16208000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
39001000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-7486000
CY2022Q2 plx Stock Issued During Period Value Sales Agreement
StockIssuedDuringPeriodValueSalesAgreement
2641000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
144000
CY2022Q2 plx Share Based Compensation Restricted Stock Awards Net Of Forfeitures
ShareBasedCompensationRestrictedStockAwardsNetOfForfeitures
144000
CY2022Q2 plx Stock Issued During Period Value Warrants Exercises
StockIssuedDuringPeriodValueWarrantsExercises
2000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-5334000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-9889000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
1008000
CY2023Q2 plx Stock Issued During Period Value Sales Agreement
StockIssuedDuringPeriodValueSalesAgreement
9721000
CY2023Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
7783000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
359000
CY2023Q2 plx Share Based Compensation Restricted Stock Awards Net Of Forfeitures
ShareBasedCompensationRestrictedStockAwardsNetOfForfeitures
79000
CY2023Q2 plx Stock Issued During Period Value Warrants Exercises
StockIssuedDuringPeriodValueWarrantsExercises
712000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
19339000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
39001000
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
144000000
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
144000000
us-gaap Profit Loss
ProfitLoss
16208000
us-gaap Profit Loss
ProfitLoss
-7620000
us-gaap Share Based Compensation
ShareBasedCompensation
984000
us-gaap Share Based Compensation
ShareBasedCompensation
1124000
us-gaap Depreciation
Depreciation
573000
us-gaap Depreciation
Depreciation
538000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
152000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
952000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
36000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-449000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3130000
plx Gain Loss On Amounts Funded In Respect Of Employee Rights Upon Retirement
GainLossOnAmountsFundedInRespectOfEmployeeRightsUponRetirement
27000
plx Gain Loss On Amounts Funded In Respect Of Employee Rights Upon Retirement
GainLossOnAmountsFundedInRespectOfEmployeeRightsUponRetirement
-16000
plx Gain Loss On Debt Conversion
GainLossOnDebtConversion
421000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
148000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
146000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-13178000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2644000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-119000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-76000
plx Change In Operating Lease Right Of Use Assets
ChangeInOperatingLeaseRightOfUseAssets
-3000
plx Change In Operating Lease Right Of Use Assets
ChangeInOperatingLeaseRightOfUseAssets
3000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2831000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1447000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3643000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4864000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1975000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13185000
plx Increase Decrease In Bank Deposits
IncreaseDecreaseInBankDeposits
16000000
plx Proceeds From Sale Of Short Term Deposits
ProceedsFromSaleOfShortTermDeposits
5000000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
452000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
357000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
38000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-457000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4510000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15900000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
23954000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2641000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
712000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24666000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2643000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-78000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-51000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
31073000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-26493000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17111000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38985000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48184000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12492000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
348000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
81000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1079000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
99000
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
7783000
us-gaap Interest Paid Net
InterestPaidNet
1977000
us-gaap Interest Paid Net
InterestPaidNet
1120000
plx Interest Received Net
InterestReceivedNet
78000
plx Interest Received Net
InterestReceivedNet
93000
CY2023Q2 plx Number Of Global Licensing And Supply Agreements
NumberOfGlobalLicensingAndSupplyAgreements
2
CY2023Q2 plx Number Of Patients Enrolled
NumberOfPatientsEnrolled
126
CY2023Q2 plx Number Of Patients Actively Participating
NumberOfPatientsActivelyParticipating
116
CY2023Q1 plx Number Of Patients Dosed
NumberOfPatientsDosed
13
CY2023Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4352000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3508000
CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
3318000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2678000
CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
11965000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
10618000
CY2023Q2 us-gaap Inventory Net
InventoryNet
19635000
CY2022Q4 us-gaap Inventory Net
InventoryNet
16804000
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
144000000
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
185000000
CY2023Q2 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
700000
CY2023Q2 plx Stock Issued During Period Shares Warrants Exercises
StockIssuedDuringPeriodSharesWarrantsExercises
237012
CY2023Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
845000
CY2023Q2 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
19339000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-5334000
us-gaap Net Income Loss
NetIncomeLoss
16208000
us-gaap Net Income Loss
NetIncomeLoss
-7620000
CY2023Q2 us-gaap Dilutive Securities
DilutiveSecurities
-1749000
us-gaap Dilutive Securities
DilutiveSecurities
-2053000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
17590000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5334000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14155000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7620000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67158628
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47327952
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62378745
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46589976
CY2023Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
14355621
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
15274121
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1555307
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1243354
CY2023Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
131085
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83200641
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47327952
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78896220
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46589976
CY2022Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
781000
CY2023Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
3163000
CY2023Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3438000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3633000
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3130000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3130000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
308000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
503000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.03
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q2 plx Milestone Payment To Regulatory Approvals
MilestonePaymentToRegulatoryApprovals
20000000.0
CY2023Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3100000
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1223000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1216000
CY2023Q2 us-gaap Interest Payable Current
InterestPayableCurrent
506000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
719000
CY2023Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
1526000
CY2022Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
1404000
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
8608000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7478000
CY2023Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
1262000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
530000
CY2023Q2 plx Reserve For Deductions From Revenue Current
ReserveForDeductionsFromRevenueCurrent
1909000
CY2023Q2 plx Accounts Payable Property And Equipment Suppliers Current
AccountsPayablePropertyAndEquipmentSuppliersCurrent
348000
CY2022Q4 plx Accounts Payable Property And Equipment Suppliers Current
AccountsPayablePropertyAndEquipmentSuppliersCurrent
143000
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
18545000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
12271000

Files In Submission

Name View Source Status
0001558370-23-013483-index-headers.html Edgar Link pending
0001558370-23-013483-index.html Edgar Link pending
0001558370-23-013483.txt Edgar Link pending
0001558370-23-013483-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
plx-20230630.xsd Edgar Link pending
plx-20230630x10q.htm Edgar Link pending
plx-20230630x10q005.jpg Edgar Link pending
plx-20230630x10q006.jpg Edgar Link pending
plx-20230630x10q007.jpg Edgar Link pending
plx-20230630xex10d1.htm Edgar Link pending
plx-20230630xex31d1.htm Edgar Link pending
plx-20230630xex31d2.htm Edgar Link pending
plx-20230630xex32d1.htm Edgar Link pending
plx-20230630xex32d2.htm Edgar Link pending
plx-20230630xex3d6.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
plx-20230630_def.xml Edgar Link unprocessable
plx-20230630_pre.xml Edgar Link unprocessable
plx-20230630x10q_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
plx-20230630_cal.xml Edgar Link unprocessable
plx-20230630_lab.xml Edgar Link unprocessable