2022 Q4 Form 10-Q Financial Statement

#000162828022029889 Filed on November 14, 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 $9.625M $6.608M $3.027M
YoY Change 33.92% 118.3%
% of Gross Profit
Research & Development $29.06M $25.05M $7.400M
YoY Change -45.05% 238.47%
% of Gross Profit
Depreciation & Amortization $870.0K $631.0K $167.0K
YoY Change 279.91% 277.84% 735.0%
% of Gross Profit
Operating Expenses $38.69M $31.66M $10.43M
YoY Change -35.6% 203.59%
Operating Profit -$31.66M -$10.43M
YoY Change 203.59%
Interest Expense -$1.709M $1.789M -$8.354M
YoY Change 16.58% -121.41%
% of Operating Profit
Other Income/Expense, Net $926.0K $728.0K -$1.000K
YoY Change 7616.67% -72900.0%
Pretax Income -$39.47M -$29.14M -$18.78M
YoY Change -35.85% 55.14%
Income Tax -$186.0K $212.0K -$2.370M
% Of Pretax Income
Net Earnings -$40.60M -$35.71M -$22.78M
YoY Change -41.4% 56.8%
Net Earnings / Revenue
Basic Earnings Per Share -$1.61 -$1.52
Diluted Earnings Per Share -$0.38 -$0.38 -$0.24
COMMON SHARES
Basic Shares Outstanding 97.21M shares 22.23M shares 14.97M shares
Diluted Shares Outstanding 22.23M shares 14.97M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $286.1M $146.7M $299.9M
YoY Change 6.11% -51.1%
Cash & Equivalents $187.6M $47.95M $200.7M
Short-Term Investments $98.47M $98.72M $99.26M
Other Short-Term Assets $2.697M $2.180M $485.0K
YoY Change 181.23% 349.48%
Inventory
Prepaid Expenses $2.451M
Receivables
Other Receivables
Total Short-Term Assets $296.6M $148.8M $300.4M
YoY Change 9.62% -50.45%
LONG-TERM ASSETS
Property, Plant & Equipment $19.01M $47.31M $13.99M
YoY Change 21.25% 238.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.646M $19.11M $794.0K
YoY Change -89.45% 2306.68%
Total Long-Term Assets $63.70M $66.42M $14.78M
YoY Change 103.65% 349.27%
TOTAL ASSETS
Total Short-Term Assets $296.6M $148.8M $300.4M
Total Long-Term Assets $63.70M $66.42M $14.78M
Total Assets $360.3M $215.3M $315.2M
YoY Change 19.37% -31.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.332M $4.111M $1.356M
YoY Change 201.88% 203.17%
Accrued Expenses $10.69M $16.76M $8.176M
YoY Change -75.45% 104.97%
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 $26.71M $22.22M $9.544M
YoY Change -53.93% 132.8%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $17.05M $19.86M $4.267M
YoY Change 455.41% 365.46%
Total Long-Term Liabilities $17.05M $19.86M $4.267M
YoY Change 455.41% 365.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.71M $22.22M $9.544M
Total Long-Term Liabilities $17.05M $19.86M $4.267M
Total Liabilities $44.04M $42.56M $13.81M
YoY Change -29.3% 208.16%
SHAREHOLDERS EQUITY
Retained Earnings -$293.2M -$253.9M
YoY Change 71.09%
Common Stock $2.000K $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $316.3M $172.7M $301.4M
YoY Change
Total Liabilities & Shareholders Equity $360.3M $215.3M $315.2M
YoY Change 19.37% -31.7%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$40.60M -$35.71M -$22.78M
YoY Change -41.4% 56.8%
Depreciation, Depletion And Amortization $870.0K $631.0K $167.0K
YoY Change 279.91% 277.84% 735.0%
Cash From Operating Activities -$30.71M -$30.10M -$9.606M
YoY Change 132.9% 213.33% 213.92%
INVESTING ACTIVITIES
Capital Expenditures $4.814M $4.791M $1.824M
YoY Change 1160.21% 162.66% 436.47%
Acquisitions
YoY Change
Other Investing Activities -$8.873M -$8.720M -$5.812M
YoY Change -170.78% 50.03% 1514.44%
Cash From Investing Activities -$13.69M -$13.51M -$7.636M
YoY Change -212.61% 76.94% 975.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $63.00K -$1.000K
YoY Change -6400.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 184.1M -683.0K -1.000K
YoY Change -17049.63% 68200.0% -95.0%
NET CHANGE
Cash From Operating Activities -30.71M -30.10M -9.606M
Cash From Investing Activities -13.69M -13.51M -7.636M
Cash From Financing Activities 184.1M -683.0K -1.000K
Net Change In Cash 139.7M -44.29M -17.24M
YoY Change -6691.46% 156.87% 354.96%
FREE CASH FLOW
Cash From Operating Activities -$30.71M -$30.10M -$9.606M
Capital Expenditures $4.814M $4.791M $1.824M
Free Cash Flow -$35.53M -$34.89M -$11.43M
YoY Change 161.82% 205.24% 236.18%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001894562
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-04321
dei Entity Registrant Name
EntityRegistrantName
Prime Medicine, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
84-3097762
dei Entity Address Address Line1
EntityAddressAddressLine1
21 Erie Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Cambridge
dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
02139
dei City Area Code
CityAreaCode
(617)
dei Local Phone Number
LocalPhoneNumber
564-0013
dei Security12b Title
Security12bTitle
Common stock, par value $0.00001 per share
dei Trading Symbol
TradingSymbol
PRME
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
No
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
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
97208342 shares
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47947000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
185420000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
89175000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
68238000 usd
CY2022Q3 prme Short Term Investments Related Parties
ShortTermInvestmentsRelatedParties
9543000 usd
CY2021Q4 prme Short Term Investments Related Parties
ShortTermInvestmentsRelatedParties
15962000 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2180000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
959000 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
148845000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
270579000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14967000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4932000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32344000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10746000 usd
CY2022Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
13496000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
13125000 usd
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5613000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2474000 usd
CY2022Q3 us-gaap Assets
Assets
215265000 usd
CY2021Q4 us-gaap Assets
Assets
301856000 usd
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
4111000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1435000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6530000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
37192000 usd
CY2022Q3 prme Related Party Forward Contract Liability Current
RelatedPartyForwardContractLiabilityCurrent
0 usd
CY2021Q4 prme Related Party Forward Contract Liability Current
RelatedPartyForwardContractLiabilityCurrent
12020000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11577000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7336000 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
22218000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
57983000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
19862000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3070000 usd
CY2022Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
481000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1243000 usd
CY2022Q3 us-gaap Liabilities
Liabilities
42561000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
62296000 usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
293258790 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
293258790 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33559912 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33559912 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32413860 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32413860 shares
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
0 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
0 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
31272000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
15163000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-454000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-27000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-253914000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-171376000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-223096000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-156240000 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
215265000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
301856000 usd
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
25047000 usd
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7400000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
57664000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17661000 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6608000 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3027000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20194000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6737000 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
31655000 usd
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
10427000 usd
us-gaap Operating Expenses
OperatingExpenses
77858000 usd
us-gaap Operating Expenses
OperatingExpenses
24398000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-31655000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-10427000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-77858000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-24398000 usd
CY2022Q3 prme Change In Fair Value Of Preferred Stock Tranche Right Liability
ChangeInFairValueOfPreferredStockTrancheRightLiability
0 usd
CY2021Q3 prme Change In Fair Value Of Preferred Stock Tranche Right Liability
ChangeInFairValueOfPreferredStockTrancheRightLiability
0 usd
prme Change In Fair Value Of Preferred Stock Tranche Right Liability
ChangeInFairValueOfPreferredStockTrancheRightLiability
0 usd
prme Change In Fair Value Of Preferred Stock Tranche Right Liability
ChangeInFairValueOfPreferredStockTrancheRightLiability
-74319000 usd
CY2022Q3 prme Change In Fair Value Of Anti Dilution Rights
ChangeInFairValueOfAntiDilutionRights
0 usd
CY2021Q3 prme Change In Fair Value Of Anti Dilution Rights
ChangeInFairValueOfAntiDilutionRights
0 usd
prme Change In Fair Value Of Anti Dilution Rights
ChangeInFairValueOfAntiDilutionRights
0 usd
prme Change In Fair Value Of Anti Dilution Rights
ChangeInFairValueOfAntiDilutionRights
-6681000 usd
CY2022Q3 prme Change In Fair Value Of Related Party Short Term Investment
ChangeInFairValueOfRelatedPartyShortTermInvestment
1789000 usd
CY2021Q3 prme Change In Fair Value Of Related Party Short Term Investment
ChangeInFairValueOfRelatedPartyShortTermInvestment
-8354000 usd
prme Change In Fair Value Of Related Party Short Term Investment
ChangeInFairValueOfRelatedPartyShortTermInvestment
-6419000 usd
prme Change In Fair Value Of Related Party Short Term Investment
ChangeInFairValueOfRelatedPartyShortTermInvestment
1075000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
728000 usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
977000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2517000 usd
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8355000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5442000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-79925000 usd
CY2022Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-29138000 usd
CY2021Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-18782000 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-83300000 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-104323000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
212000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2370000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-762000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1867000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-29350000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-16412000 usd
us-gaap Net Income Loss
NetIncomeLoss
-82538000 usd
us-gaap Net Income Loss
NetIncomeLoss
-102456000 usd
CY2022Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 usd
CY2021Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 usd
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 usd
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1468000 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6362000 usd
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6363000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18879000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10922000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-35712000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-35712000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-22775000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22775000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-101417000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-101417000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-114846000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-114846000 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.61
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.61
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.52
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-9.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-9.74
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22226301 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22226301 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14965186 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14965186 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20665225 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20665225 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11795738 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11795738 shares
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-29350000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-16412000 usd
us-gaap Net Income Loss
NetIncomeLoss
-82538000 usd
us-gaap Net Income Loss
NetIncomeLoss
-102456000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-304000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
25000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-427000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-9000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-304000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
25000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-427000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-9000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-29654000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16387000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-82965000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-102465000 usd
CY2022Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
0 usd
CY2021Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
0 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
0 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
429000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-156240000 usd
CY2022Q1 prme Additional Paid In Capital Reclassification Of Related Party Forward Contract Value
AdditionalPaidInCapitalReclassificationOfRelatedPartyForwardContractValue
12020000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1123000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-23840000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-5000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-166942000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1345000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-29348000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-118000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-195063000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
204000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
339000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-16412000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
25000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1417000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-29350000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-304000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-223096000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2338000 usd
CY2021Q1 prme Adjustments To Additional Paid In Capital Temporary Equity Accretion To Redemption Value
AdjustmentsToAdditionalPaidInCapitalTemporaryEquityAccretionToRedemptionValue
1194000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
206000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-86660000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-85310000 usd
CY2021Q2 prme Adjustments To Additional Paid In Capital Temporary Equity Stock Issued During Period Value New Issues
AdjustmentsToAdditionalPaidInCapitalTemporaryEquityStockIssuedDuringPeriodValueNewIssues
998000 usd
CY2021Q2 prme Adjustments To Additional Paid In Capital Temporary Equity Accretion To Redemption Value
AdjustmentsToAdditionalPaidInCapitalTemporaryEquityAccretionToRedemptionValue
274000 usd
CY2021Q2 prme Stock Issued During Period Settlement Of Anti Dilution Obligation Value
StockIssuedDuringPeriodSettlementOfAntiDilutionObligationValue
7536000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
94000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
616000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-34000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-78370000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-94418000 usd
us-gaap Net Income Loss
NetIncomeLoss
-82538000 usd
us-gaap Net Income Loss
NetIncomeLoss
-102456000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1354000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
339000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-100000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3885000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
639000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
6992000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2910000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-762000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1867000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-8000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
prme Change In Fair Value Of Preferred Stock Tranche Right Liability
ChangeInFairValueOfPreferredStockTrancheRightLiability
0 usd
prme Change In Fair Value Of Preferred Stock Tranche Right Liability
ChangeInFairValueOfPreferredStockTrancheRightLiability
-74319000 usd
prme Change In Fair Value Of Anti Dilution Rights
ChangeInFairValueOfAntiDilutionRights
0 usd
prme Change In Fair Value Of Anti Dilution Rights
ChangeInFairValueOfAntiDilutionRights
-6681000 usd
prme Change In Fair Value Of Related Party Short Term Investment
ChangeInFairValueOfRelatedPartyShortTermInvestment
-6419000 usd
prme Change In Fair Value Of Related Party Short Term Investment
ChangeInFairValueOfRelatedPartyShortTermInvestment
1075000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1080000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
642000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2027000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1105000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-29961000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1896000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-7558000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2744000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-101114000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20895000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11281000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3768000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
89464000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
81841000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
68000000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
0 usd
prme Payments For Security Deposits
PaymentsForSecurityDeposits
664000 usd
prme Payments For Security Deposits
PaymentsForSecurityDeposits
171000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33409000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-85780000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2642000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
63000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2579000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
270364000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-137102000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
163689000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
198545000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36975000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61443000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200664000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
28590000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10103000 usd
prme Settlement Of Anti Dilution Rights
SettlementOfAntiDilutionRights
0 usd
prme Settlement Of Anti Dilution Rights
SettlementOfAntiDilutionRights
7536000 usd
prme Settlement Of Related Party Forward Contract
SettlementOfRelatedPartyForwardContract
12020000 usd
prme Settlement Of Related Party Forward Contract
SettlementOfRelatedPartyForwardContract
0 usd
prme Deferred Offering Costs Incurred But Not Yet Paid
DeferredOfferingCostsIncurredButNotYetPaid
239000 usd
prme Deferred Offering Costs Incurred But Not Yet Paid
DeferredOfferingCostsIncurredButNotYetPaid
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
870000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
0 usd
us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
1468000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
454000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
9000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47947000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
200664000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
13496000 usd
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61443000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200664000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-253900000 usd
CY2022Q3 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
146700000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the Company’s condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates and assumptions reflected within these condensed consolidated financial statements include, but are not limited to, revenue recognition, the valuation of the Company’s common stock and stock-based awards, the valuation of preferred stock tranche right liability, the valuation of the anti-dilution obligation and the valuation of the related party forward contract liability. The Company bases its estimates on historical experience, known trends and other market-specific or other relevant factors that it believes to be reasonable under the circumstances. On an ongoing basis, management evaluates its estimates, as there are changes in circumstances, facts and experience. Actual results may differ materially from those estimates or assumptions.</span></div>
CY2022Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
28800000 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
49500000 usd
CY2022Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
13500000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
13100000 usd
CY2022Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
9543000 usd
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
127537000 usd
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
15962000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
133650000 usd
CY2021Q4 prme Related Party Forward Contract Liability Fair Value Disclosure
RelatedPartyForwardContractLiabilityFairValueDisclosure
12020000 usd
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
12020000 usd
CY2022Q3 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
5486000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
4057000 usd
us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
0 usd
CY2022Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
9543000 usd
CY2022Q3 prme Debt And Equity Securities Amortized Cost
DebtAndEquitySecuritiesAmortizedCost
95115000 usd
CY2022Q3 prme Debt And Equity Securities Unrealized Gains
DebtAndEquitySecuritiesUnrealizedGains
4057000 usd
CY2022Q3 prme Debt And Equity Securities Unrealized Loss
DebtAndEquitySecuritiesUnrealizedLoss
454000 usd
CY2022Q3 prme Debt And Equity Securities
DebtAndEquitySecurities
98718000 usd
CY2021Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
5486000 usd
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
10476000 usd
CY2021 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
0 usd
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
15962000 usd
CY2021Q4 prme Debt And Equity Securities Amortized Cost
DebtAndEquitySecuritiesAmortizedCost
73751000 usd
CY2021Q4 prme Debt And Equity Securities Unrealized Gains
DebtAndEquitySecuritiesUnrealizedGains
10476000 usd
CY2021Q4 prme Debt And Equity Securities Unrealized Loss
DebtAndEquitySecuritiesUnrealizedLoss
27000 usd
CY2021Q4 prme Debt And Equity Securities
DebtAndEquitySecurities
84200000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
89175000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
68238000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
89175000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
68238000 usd
CY2021 prme Anti Dilution Obligation Achievement Threshold
AntiDilutionObligationAchievementThreshold
100000000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16928000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5543000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1961000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
611000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14967000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4932000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
600000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1400000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
200000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
300000 usd
CY2022Q3 prme Accrued License Fee Current
AccruedLicenseFeeCurrent
0 usd
CY2021Q4 prme Accrued License Fee Current
AccruedLicenseFeeCurrent
30000000 usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4111000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2364000 usd
CY2022Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1070000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3830000 usd
CY2022Q3 prme Accrued Lab Related Supplies And Services Current
AccruedLabRelatedSuppliesAndServicesCurrent
1167000 usd
CY2021Q4 prme Accrued Lab Related Supplies And Services Current
AccruedLabRelatedSuppliesAndServicesCurrent
719000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
182000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
279000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6530000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
37192000 usd
CY2022Q3 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
161420799 shares
CY2022Q3 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
161420799 shares
CY2022Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
161420799 shares
CY2022Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
395800000 usd
CY2022Q3 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
354693000 usd
CY2022Q3 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
51923758 shares
CY2021Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
161420799 shares
CY2021Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
161420799 shares
CY2021Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
161420799 shares
CY2021Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
395800000 usd
CY2021Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
335814000 usd
CY2021Q4 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
51923764 shares
prme Convertible Preferred Stock Automatic Conversion Public Offering Amount Threshold
ConvertiblePreferredStockAutomaticConversionPublicOfferingAmountThreshold
50000000 usd
CY2021 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
0 usd
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
0 usd
CY2022Q3 prme Common Stock Number Of Votes Per Share
CommonStockNumberOfVotesPerShare
1 vote
CY2022Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
57287852 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3002803 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.96
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1160074 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.40
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
55687 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.67
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
135633 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.66
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3971557 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.24
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
536064 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.71
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3971557 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
5.24
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1417000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
339000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3885000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
639000 usd
CY2022Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P5Y
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2415000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12610000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13035000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3510000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1683000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
567000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
33820000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2381000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
31439000 usd
CY2022Q2 prme Operating Lease Participation Rights Agreement Amount
OperatingLeaseParticipationRightsAgreementAmount
2000000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000 usd
CY2022Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000 usd
CY2022Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
300000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-29350000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-16412000 usd
us-gaap Net Income Loss
NetIncomeLoss
-82538000 usd
us-gaap Net Income Loss
NetIncomeLoss
-102456000 usd
CY2022Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 usd
CY2021Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 usd
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 usd
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1468000 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6362000 usd
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6363000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18879000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10922000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-35712000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-35712000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-22775000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22775000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-101417000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-101417000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-114846000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-114846000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22226301 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22226301 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14965186 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14965186 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20665225 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20665225 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11795738 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11795738 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.61
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.61
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.52
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.52
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-9.74
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-9.74
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
66493041 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
69985777 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
293258790 shares

Files In Submission

Name View Source Status
0001628280-22-029889-index-headers.html Edgar Link pending
0001628280-22-029889-index.html Edgar Link pending
0001628280-22-029889.txt Edgar Link pending
0001628280-22-029889-xbrl.zip Edgar Link pending
ex311.htm Edgar Link pending
ex312.htm Edgar Link pending
ex321.htm Edgar Link pending
ex322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
prme-20220930.htm Edgar Link pending
prme-20220930.xsd 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
FilingSummary.xml Edgar Link unprocessable
prme-20220930_cal.xml Edgar Link unprocessable
prme-20220930_def.xml Edgar Link unprocessable
prme-20220930_lab.xml Edgar Link unprocessable
prme-20220930_pre.xml Edgar Link unprocessable
prme-20220930_htm.xml Edgar Link completed
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
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.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