$QNCX
Quince Therapeutics, Inc.

2020 Q2 Form 10-Q Financial Statement

#000156459020040300 Filed on August 14, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.190M $2.470M $1.250M
YoY Change 69.64% 586.11% 257.14%
% of Gross Profit
Research & Development $14.09M $7.109M $4.825M
YoY Change 98.14% 210.98% 99.96%
% of Gross Profit
Depreciation & Amortization $80.00K $30.00K -$10.00K
YoY Change 166.67% 200.0% -200.0%
% of Gross Profit
Operating Expenses $18.27M $9.575M $6.075M
YoY Change 90.82% 262.28% 120.11%
Operating Profit -$18.27M -$9.575M -$6.075M
YoY Change 90.82% 120.11%
Interest Expense $660.0K $510.0K $390.0K
YoY Change 29.41% 42.46% -34.89%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$17.61M -$9.060M -$5.680M
YoY Change 94.37% 191.32% 68.05%
Income Tax
% Of Pretax Income
Net Earnings -$17.61M -$9.062M -$5.681M
YoY Change 94.35% 191.57% 68.23%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.60 -$0.34 -$0.22
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.5M $128.3M $59.04M
YoY Change 12.64%
Cash & Equivalents $66.16M $44.31M $20.63M
Short-Term Investments $78.30M $83.97M $38.41M
Other Short-Term Assets $883.0K $446.0K $387.0K
YoY Change 97.98%
Inventory
Prepaid Expenses $142.0K $150.0K $243.0K
Receivables
Other Receivables
Total Short-Term Assets $151.6M $133.6M $63.79M
YoY Change 13.44%
LONG-TERM ASSETS
Property, Plant & Equipment $1.300M $265.0K $314.0K
YoY Change 390.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $66.10M $8.000M $5.400M
YoY Change 726.25%
Other Assets $200.0K $260.0K $261.0K
YoY Change -23.08%
Total Long-Term Assets $67.60M $9.599M $6.806M
YoY Change 604.24%
TOTAL ASSETS
Total Short-Term Assets $151.6M $133.6M $63.79M
Total Long-Term Assets $67.60M $9.599M $6.806M
Total Assets $219.2M $143.2M $70.60M
YoY Change 53.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.100M $5.116M $1.946M
YoY Change -0.31%
Accrued Expenses $8.600M $1.909M $1.724M
YoY Change 350.5%
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 $13.70M $7.025M $4.010M
YoY Change 95.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $100.0K $500.0K
YoY Change
Total Long-Term Liabilities $100.0K $0.00 $500.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $13.70M $7.025M $4.010M
Total Long-Term Liabilities $100.0K $0.00 $500.0K
Total Liabilities $13.70M $7.025M $4.485M
YoY Change 95.02%
SHAREHOLDERS EQUITY
Retained Earnings -$47.57M -$38.51M
YoY Change
Common Stock $183.7M $502.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $205.5M $136.2M -$38.03M
YoY Change
Total Liabilities & Shareholders Equity $219.2M $143.2M $70.60M
YoY Change 53.03%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income -$17.61M -$9.062M -$5.681M
YoY Change 94.35% 191.57% 68.23%
Depreciation, Depletion And Amortization $80.00K $30.00K -$10.00K
YoY Change 166.67% 200.0% -200.0%
Cash From Operating Activities -$14.39M -$6.310M -$7.216M
YoY Change 128.05% 140.84% 127.13%
INVESTING ACTIVITIES
Capital Expenditures $10.00K -$30.00K $51.00K
YoY Change -133.33% -400.0%
Acquisitions
YoY Change
Other Investing Activities -$5.930M -$47.87M $51.32M
YoY Change -87.61%
Cash From Investing Activities -$5.950M -$47.83M $3.164M
YoY Change -87.56% 478200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 890.0K 77.84M 64.00K
YoY Change -98.86% 2.83% -73.11%
NET CHANGE
Cash From Operating Activities -14.39M -6.310M -7.216M
Cash From Investing Activities -5.950M -47.83M 3.164M
Cash From Financing Activities 890.0K 77.84M 64.00K
Net Change In Cash -19.45M 23.70M -3.988M
YoY Change -182.07% -67.57% 35.69%
FREE CASH FLOW
Cash From Operating Activities -$14.39M -$6.310M -$7.216M
Capital Expenditures $10.00K -$30.00K $51.00K
Free Cash Flow -$14.40M -$6.280M -$7.267M
YoY Change 129.3% 138.78% 128.74%

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Files In Submission

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