2013 Q1 Form 10-Q Financial Statement

#000119312513220259 Filed on May 15, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $171.0K $400.0K
YoY Change -57.25%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.180M $2.460M
YoY Change 29.27%
% of Gross Profit
Research & Development $5.957M $8.757M
YoY Change -31.97%
% of Gross Profit
Depreciation & Amortization $137.0K $113.0K
YoY Change 21.24%
% of Gross Profit
Operating Expenses $9.138M $11.22M
YoY Change -18.52%
Operating Profit -$8.967M -$10.81M
YoY Change -17.06%
Interest Expense $20.00K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $22.00K
YoY Change
Pretax Income -$8.945M -$10.81M
YoY Change -17.26%
Income Tax $6.000K $0.00
% Of Pretax Income
Net Earnings -$8.951M -$10.81M
YoY Change -17.2%
Net Earnings / Revenue -5234.5% -2702.75%
Basic Earnings Per Share -$0.51
Diluted Earnings Per Share -$0.51 -$745.5K
COMMON SHARES
Basic Shares Outstanding 17.68M shares
Diluted Shares Outstanding 17.68M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.6M
YoY Change
Cash & Equivalents $119.6M
Short-Term Investments
Other Short-Term Assets $1.000M
YoY Change
Inventory
Prepaid Expenses
Receivables $300.0K
Other Receivables $0.00
Total Short-Term Assets $120.8M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $3.371M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $100.0K
YoY Change
Total Long-Term Assets $3.477M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $120.8M
Total Long-Term Assets $3.477M
Total Assets $124.3M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.400M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.086M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.400M
YoY Change
Total Long-Term Liabilities $1.400M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.086M
Total Long-Term Liabilities $1.400M
Total Liabilities $6.479M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$9.296M
YoY Change
Common Stock $177.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $117.8M
YoY Change
Total Liabilities & Shareholders Equity $124.3M
YoY Change

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$8.951M -$10.81M
YoY Change -17.2%
Depreciation, Depletion And Amortization $137.0K $113.0K
YoY Change 21.24%
Cash From Operating Activities -$5.103M -$8.624M
YoY Change -40.83%
INVESTING ACTIVITIES
Capital Expenditures $110.0K $137.0K
YoY Change -19.71%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$110.0K -$137.0K
YoY Change -19.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$84.00K 8.761M
YoY Change -100.96%
NET CHANGE
Cash From Operating Activities -$5.103M -8.624M
Cash From Investing Activities -$110.0K -137.0K
Cash From Financing Activities -$84.00K 8.761M
Net Change In Cash -$5.297M 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$5.103M -$8.624M
Capital Expenditures $110.0K $137.0K
Free Cash Flow -$5.213M -$8.761M
YoY Change -40.5%

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CY2013Q1 dei Entity Registrant Name
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<div> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Description of Business</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Prothena Corporation plc (&#x201C;Prothena,&#x201D; the &#x201C;Company,&#x201D; &#x201C;we,&#x201D; &#x201C;our&#x201D; or &#x201C;us&#x201D;), a public limited company incorporated in Ireland, is a clinical stage biotechnology company focused on the discovery and development of novel antibodies for the potential treatment of a broad range of diseases that involve protein misfolding or cell adhesion. The Company is focused on the discovery and development of potential therapeutic monoclonal antibodies directed specifically to disease causing proteins. These potential therapies have a broad range of indications including AL and AA forms of amyloidosis (NEOD001), Parkinson&#x2019;s disease and related synucleinopathies (PRX002) and autoimmune diseases and metastatic cancers (PRX003). The Company has initiated a Phase 1 clinical trial for NEOD001 with the first patient dosing in April 2013. The Phase 1 clinical trial of NEOD001 will evaluate safety and tolerability in AL Amyloidosis patients. The Company&#x2019;s strategy is to identify antibody candidates for clinical development by applying its extensive expertise in generating novel therapeutic antibodies and working with collaborators having expertise in specific animal models of disease.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Prothena&#x2019;s business consists of a substantial portion of Elan Corporation plc&#x2019;s (&#x201C;Elan&#x201D;) former drug discovery business platform, including Neotope Biosciences Limited (and its wholly-owned subsidiary Prothena Biosciences Inc) and Onclave Therapeutics Limited, each former wholly-owned subsidiaries of Elan (which for the period prior to separation and distribution are referred to herein as the &#x201C;Prothena Business&#x201D;). Effective December&#xA0;20, 2012, the Prothena Business separated from Elan.</font></p> </div>
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