$PSNL
Personalis, Inc.

2019 Q3 Form 10-Q Financial Statement

#000156459019043238 Filed on November 13, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $17.15M $11.65M
YoY Change 47.19%
Cost Of Revenue $11.52M $7.173M
YoY Change 60.66%
Gross Profit $5.629M $4.481M
YoY Change 25.62%
Gross Profit Margin 32.82% 38.45%
Selling, General & Admin $6.060M $2.660M
YoY Change 127.82%
% of Gross Profit 107.66% 59.36%
Research & Development $5.303M $3.570M
YoY Change 48.54%
% of Gross Profit 94.21% 79.67%
Depreciation & Amortization $1.200M $900.0K
YoY Change 33.33%
% of Gross Profit 21.32% 20.08%
Operating Expenses $5.303M $6.230M
YoY Change -14.88%
Operating Profit -$5.730M -$1.751M
YoY Change 227.24%
Interest Expense $204.0K $455.0K
YoY Change -55.16%
% of Operating Profit
Other Income/Expense, Net $0.00 -$180.0K
YoY Change -100.0%
Pretax Income -$6.880M -$3.640M
YoY Change 89.01%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$6.885M -$3.641M
YoY Change 89.1%
Net Earnings / Revenue -40.14% -31.24%
Basic Earnings Per Share
Diluted Earnings Per Share -$221.3K -$127.7K
COMMON SHARES
Basic Shares Outstanding 31.13M 3.065M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $127.3M
YoY Change
Cash & Equivalents $87.01M $17.18M
Short-Term Investments $40.30M
Other Short-Term Assets $6.600M
YoY Change
Inventory $2.000M
Prepaid Expenses
Receivables $4.400M
Other Receivables $0.00
Total Short-Term Assets $140.3M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $17.40M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.024M
YoY Change
Total Long-Term Assets $19.39M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $140.3M
Total Long-Term Assets $19.39M
Total Assets $159.7M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.764M
YoY Change
Accrued Expenses $352.0K
YoY Change
Deferred Revenue $33.73M
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $47.40M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $900.0K
YoY Change
Total Long-Term Liabilities $900.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $47.40M
Total Long-Term Liabilities $900.0K
Total Liabilities $48.30M
YoY Change
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 $111.4M
YoY Change
Total Liabilities & Shareholders Equity $159.7M
YoY Change

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$6.885M -$3.641M
YoY Change 89.1%
Depreciation, Depletion And Amortization $1.200M $900.0K
YoY Change 33.33%
Cash From Operating Activities -$9.630M -$430.0K
YoY Change 2139.53%
INVESTING ACTIVITIES
Capital Expenditures -$3.670M -$1.940M
YoY Change 89.18%
Acquisitions
YoY Change
Other Investing Activities -$40.26M $0.00
YoY Change
Cash From Investing Activities -$43.93M -$1.940M
YoY Change 2164.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.68M -230.0K
YoY Change 9760.87%
NET CHANGE
Cash From Operating Activities -9.630M -430.0K
Cash From Investing Activities -43.93M -1.940M
Cash From Financing Activities -22.68M -230.0K
Net Change In Cash -76.24M -2.600M
YoY Change 2832.31%
FREE CASH FLOW
Cash From Operating Activities -$9.630M -$430.0K
Capital Expenditures -$3.670M -$1.940M
Free Cash Flow -$5.960M $1.510M
YoY Change -494.7%

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CY2018Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
18474742
CY2018Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
89784000
CY2018Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
18474742
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
262
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
78
CY2019Q3 psnl Closing Price Of Common Stock
ClosingPriceOfCommonStock
14.68
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.19
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.44
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
10200000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.5620
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.5219
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.6308
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.5620
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0153
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0252
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0288
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1402000
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
341000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3657000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
924000
CY2018Q4 psnl Fair Values Of Convertible Preferred Stock Warrants
FairValuesOfConvertiblePreferredStockWarrants
700000
CY2019Q3 psnl Reclassification Of Outstanding Preferred Stock Warrant Liability To Additional Paid In Capital Fair Value
ReclassificationOfOutstandingPreferredStockWarrantLiabilityToAdditionalPaidInCapitalFairValue
2100000
psnl Common Stock Warrant Exercised
CommonStockWarrantExercised
22489
psnl Common Stock Issued For Exercise Of Warrant
CommonStockIssuedForExerciseOfWarrant
19069
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6885000
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3641000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18439000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16331000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31134009
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3065386
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13614087
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3063418
CY2019Q3 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
326
CY2018Q3 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
130
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
643
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
954
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4860962
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22140045
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4860962
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22140045

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