2024 Q3 Form 10-Q Financial Statement

#000155837024010528 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.287M $11.13M
YoY Change 62.54% 359.37%
Cost Of Revenue $264.0K $234.0K
YoY Change -73.76% -82.69%
Gross Profit $2.023M $10.89M
YoY Change 404.49% 917.94%
Gross Profit Margin 88.46% 97.9%
Selling, General & Admin $11.58M $15.77M
YoY Change -35.96% -25.56%
% of Gross Profit 572.17% 144.76%
Research & Development $30.60M $33.66M
YoY Change -53.22% -26.52%
% of Gross Profit 1512.36% 308.99%
Depreciation & Amortization $2.986M $2.670M
YoY Change 14.32% 3.17%
% of Gross Profit 147.6% 24.51%
Operating Expenses $42.17M $49.42M
YoY Change -49.48% -25.28%
Operating Profit -$40.23M -$44.01M
YoY Change -50.87% -32.37%
Interest Expense -$4.181M -$11.34M
YoY Change -127.07% 250.36%
% of Operating Profit
Other Income/Expense, Net $1.915M $236.0K
YoY Change 739.91%
Pretax Income -$44.41M -$55.35M
YoY Change -50.46% -18.97%
Income Tax -$31.00K $948.0K
% Of Pretax Income
Net Earnings -$44.38M -$56.30M
YoY Change -50.45% -17.78%
Net Earnings / Revenue -1940.45% -506.01%
Basic Earnings Per Share -$0.91 -$1.16
Diluted Earnings Per Share -$0.91 -$1.16
COMMON SHARES
Basic Shares Outstanding 48.70M 48.55M
Diluted Shares Outstanding 48.72M 48.62M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $435.2M $524.4M
YoY Change -33.95% -16.57%
Cash & Equivalents $251.6M $287.9M
Short-Term Investments $183.6M $236.6M
Other Short-Term Assets $23.58M $59.69M
YoY Change 35.36% 282.59%
Inventory $0.00 $0.00
Prepaid Expenses $19.29M $18.28M
Receivables $5.322M $7.850M
Other Receivables $0.00 $0.00
Total Short-Term Assets $464.1M $592.0M
YoY Change -33.09% -21.8%
LONG-TERM ASSETS
Property, Plant & Equipment $25.57M $26.19M
YoY Change -44.36% -67.25%
Goodwill $24.08M $23.11M
YoY Change -4.7% -11.16%
Intangibles
YoY Change
Long-Term Investments $28.26M
YoY Change
Other Assets $1.453M $5.278M
YoY Change -75.86% -73.77%
Total Long-Term Assets $181.7M $138.9M
YoY Change 2.1% -25.26%
TOTAL ASSETS
Total Short-Term Assets $464.1M $592.0M
Total Long-Term Assets $181.7M $138.9M
Total Assets $645.8M $730.8M
YoY Change -25.9% -22.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.441M $4.407M
YoY Change -2.56% -52.98%
Accrued Expenses $32.30M $26.49M
YoY Change 13.63% -15.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $71.27M $80.47M
YoY Change 3.89% 17.72%
LONG-TERM LIABILITIES
Long-Term Debt $51.11M $102.5M
YoY Change -49.61% -78.35%
Other Long-Term Liabilities $8.919M $3.054M
YoY Change 716.01% -92.5%
Total Long-Term Liabilities $518.7M $553.3M
YoY Change -2.89% 7.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.27M $80.47M
Total Long-Term Liabilities $518.7M $553.3M
Total Liabilities $590.0M $633.7M
YoY Change -2.12% 7.51%
SHAREHOLDERS EQUITY
Retained Earnings -$1.057B -$1.012B
YoY Change 29.31% 39.13%
Common Stock $2.932M $2.930M
YoY Change 1.7% 1.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $55.82M $97.11M
YoY Change
Total Liabilities & Shareholders Equity $645.8M $730.8M
YoY Change -25.9% -22.48%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$44.38M -$56.30M
YoY Change -50.45% -17.78%
Depreciation, Depletion And Amortization $2.986M $2.670M
YoY Change 14.32% 3.17%
Cash From Operating Activities -$36.60M -$32.71M
YoY Change -194.05% -42.61%
INVESTING ACTIVITIES
Capital Expenditures $380.0K $604.0K
YoY Change -77.86% -43.76%
Acquisitions
YoY Change
Other Investing Activities $48.05M $78.54M
YoY Change -115.38% 67.45%
Cash From Investing Activities $47.67M $77.94M
YoY Change -115.18% 70.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -53.02M 50.00K
YoY Change 595.33% -99.99%
NET CHANGE
Cash From Operating Activities -36.60M -32.71M
Cash From Investing Activities 47.67M 77.94M
Cash From Financing Activities -53.02M 50.00K
Net Change In Cash -41.95M 45.28M
YoY Change -85.17% -87.39%
FREE CASH FLOW
Cash From Operating Activities -$36.60M -$32.71M
Capital Expenditures $380.0K $604.0K
Free Cash Flow -$36.98M -$33.32M
YoY Change -199.41% -42.63%

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qure Increase Decrease In Accounts Payable And Accrued Liabilities Related To Non Current Assets
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qure Increase Decrease In Accounts Payable And Accrued Liabilities Related To Non Current Assets
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us-gaap Nature Of Operations
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:36pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">1</b></span>General business information</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">uniQure N.V. (the “Company”) was incorporated on January 9, 2012, as a private company with limited liability (<i style="font-style:italic;">besloten vennootschap met beperkte aansprakelijkheid</i>) under the laws of the Netherlands. The Company is a leader in the field of gene therapy and seeks to deliver to patients suffering from rare and other devastating diseases single treatments with potentially curative results. The Company’s business was founded in 1998 and was initially operated through its predecessor company, Amsterdam Molecular Therapeutics Holding N.V. (“AMT”). In 2012, AMT undertook a corporate reorganization, pursuant to which uniQure B.V. acquired the entire business and assets of AMT and completed a share-for-share exchange with the shareholders of AMT. Effective February 10, 2014, in connection with its initial public offering, the Company converted into a public company with limited liability (<i style="font-style:italic;">naamloze vennootschap</i>) and changed its legal name from uniQure B.V. to uniQure N.V.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 1pt 0pt 1pt;"><span style="margin-left:0pt;margin-right:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The Company is registered in the trade register of the Dutch Chamber of Commerce (<i style="font-style:italic;">Kamer van Koophandel</i>) in Amsterdam, the Netherlands under number 54385229. The Company’s headquarters are in Amsterdam, the Netherlands, and its registered office is located at Paasheuvelweg 25a, Amsterdam 1105 BP, the Netherlands and its telephone number is +31 20 240 6000.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The Company’s ordinary shares are listed on the Nasdaq Global Select Market and trade under the symbol “QURE”.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">2.3</b></span><b style="font-weight:bold;">Use of estimates </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
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CY2023Q4 qure Investment Securities With Original Maturities Of Less Than90 Days When Purchased And Presented Within Cash And Cash Equivalents At Amortized Cost
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CY2024Q2 qure Share Based Compensation Arrangement By Share Based Payment Award Number Of Milestones Achievement Considered Probable
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfMilestonesAchievementConsideredProbable
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CY2023Q4 qure Share Based Compensation Arrangement By Share Based Payment Award Number Of Milestones Achievement Considered Probable
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CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Rule10b51ArrTrmntdFlag
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CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
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