2022 Q1 Form 10-Q Financial Statement
#000156459022019387 Filed on May 11, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
Revenue | $641.0K | $1.222M |
YoY Change | -47.55% | 30.7% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $4.748M | $4.010M |
YoY Change | 18.4% | 21.88% |
% of Gross Profit | ||
Research & Development | $16.67M | $13.77M |
YoY Change | 21.05% | 28.91% |
% of Gross Profit | ||
Depreciation & Amortization | $261.0K | $280.0K |
YoY Change | -6.79% | 40.0% |
% of Gross Profit | ||
Operating Expenses | $21.42M | $17.78M |
YoY Change | 20.44% | 27.28% |
Operating Profit | -$20.78M | -$16.56M |
YoY Change | 25.46% | 27.03% |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | $309.0K | $47.00K |
YoY Change | 557.45% | -65.19% |
Pretax Income | -$20.47M | -$16.51M |
YoY Change | 23.94% | 28.0% |
Income Tax | $0.00 | |
% Of Pretax Income | ||
Net Earnings | -$20.47M | -$16.51M |
YoY Change | 23.94% | 25.69% |
Net Earnings / Revenue | -3193.14% | -1351.39% |
Basic Earnings Per Share | -$0.69 | |
Diluted Earnings Per Share | -$692.1K | -$664.7K |
COMMON SHARES | ||
Basic Shares Outstanding | 29.57M | 24.87M |
Diluted Shares Outstanding | 29.57M |
Balance Sheet
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $173.0M | $98.40M |
YoY Change | 75.82% | -28.8% |
Cash & Equivalents | $32.42M | $24.72M |
Short-Term Investments | $140.6M | $73.70M |
Other Short-Term Assets | $2.656M | $4.200M |
YoY Change | -36.76% | 13.51% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $175.7M | $102.6M |
YoY Change | 71.21% | -30.15% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $2.629M | $2.900M |
YoY Change | -9.34% | -19.58% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $2.933M | $400.0K |
YoY Change | 633.25% | 2.83% |
Total Long-Term Assets | $11.88M | $3.300M |
YoY Change | 260.12% | -17.4% |
TOTAL ASSETS | ||
Total Short-Term Assets | $175.7M | $102.6M |
Total Long-Term Assets | $11.88M | $3.300M |
Total Assets | $187.5M | $105.9M |
YoY Change | 77.1% | -29.82% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.936M | $3.100M |
YoY Change | -37.55% | -9.06% |
Accrued Expenses | $8.276M | $4.500M |
YoY Change | 83.91% | 17.43% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $12.36M | $11.10M |
YoY Change | 11.35% | -17.42% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $7.353M | $3.100M |
YoY Change | 137.19% | -43.64% |
Total Long-Term Liabilities | $7.353M | $3.100M |
YoY Change | 137.19% | -43.64% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $12.36M | $11.10M |
Total Long-Term Liabilities | $7.353M | $3.100M |
Total Liabilities | $19.71M | $14.28M |
YoY Change | 38.02% | -24.83% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$231.4M | |
YoY Change | 32.14% | |
Common Stock | $323.2M | |
YoY Change | 5.27% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $167.8M | $91.64M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $187.5M | $105.9M |
YoY Change | 77.06% | -29.8% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$20.47M | -$16.51M |
YoY Change | 23.94% | 25.69% |
Depreciation, Depletion And Amortization | $261.0K | $280.0K |
YoY Change | -6.79% | 40.0% |
Cash From Operating Activities | -$15.58M | -$13.91M |
YoY Change | 11.99% | 59.06% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $149.0K | $227.0K |
YoY Change | -34.36% | 131.63% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $23.99M | $12.64M |
YoY Change | 89.76% | -126.96% |
Cash From Investing Activities | $23.84M | $12.41M |
YoY Change | 92.06% | -126.42% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $1.180M | |
YoY Change | -98.31% | |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 132.0K | 1.301M |
YoY Change | -89.85% | -98.14% |
NET CHANGE | ||
Cash From Operating Activities | -15.58M | -13.91M |
Cash From Investing Activities | 23.84M | 12.41M |
Cash From Financing Activities | 132.0K | 1.301M |
Net Change In Cash | 8.391M | -198.0K |
YoY Change | -4337.88% | -101.4% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$15.58M | -$13.91M |
Capital Expenditures | $149.0K | $227.0K |
Free Cash Flow | -$15.73M | -$14.14M |
YoY Change | 11.25% | 59.87% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2015Q2 | us-gaap |
Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
|
true | |
CY2015Q2 | us-gaap |
Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
|
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CY2022Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
6322000 | |
CY2021Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
1016000 | |
CY2022Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1481000 | |
CY2022Q1 | us-gaap |
Other Liabilities Current
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|
22000 | |
CY2022Q1 | us-gaap |
Liabilities Current
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|
12360000 | |
CY2021Q4 | us-gaap |
Deferred Rent Credit Noncurrent
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|
2150000 | |
CY2021Q4 | us-gaap |
Deferred Revenue Noncurrent
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|
511000 | |
CY2022Q1 | us-gaap |
Operating Lease Liability Noncurrent
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|
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CY2022Q1 | us-gaap |
General And Administrative Expense
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|
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CY2021Q1 | us-gaap |
General And Administrative Expense
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|
4012000 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-201000 | |
CY2022Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-710000 | |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
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|
-21379000 | |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.69 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
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|
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CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
186380000 | |
CY2022Q1 | rapt |
Stock Issued During Period Value Employee Stock Plans
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|
132000 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
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|
2702000 | |
CY2022Q1 | us-gaap |
Net Income Loss
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|
-20468000 | |
CY2022Q1 | us-gaap |
Stockholders Equity
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|
167835000 | |
CY2021Q1 | rapt |
Stock Issued During Period Value Employee Stock Plans
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121000 | |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
38000 | |
CY2021Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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|
-50000 | |
CY2021Q1 | us-gaap |
Net Income Loss
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|
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CY2021Q1 | us-gaap |
Stockholders Equity
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CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
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CY2021Q1 | us-gaap |
Profit Loss
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|
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Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
|
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CY2021Q1 | us-gaap |
Investment Income Amortization Of Premium
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|
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Depreciation And Amortization
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Share Based Compensation
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CY2021Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
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CY2022Q1 | rapt |
Non Cash Operating Lease Expense
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CY2021Q1 | rapt |
Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022Q1 | rapt |
Increase Decrease In Deferred Rent Current And Noncurrent
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Increase Decrease In Deferred Rent Current And Noncurrent
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Increase Decrease In Operating Lease Liability
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Increase Decrease In Operating Lease Liability
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Net Cash Provided By Used In Operating Activities
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Payments To Acquire Marketable Securities
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Payments To Acquire Marketable Securities
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Proceeds From Sale And Maturity Of Marketable Securities
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Payments To Acquire Property Plant And Equipment
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<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1. Organization </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;color:#000000;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Description of the Business </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">RAPT Therapeutics, Inc. (“RAPT” or the “Company”) is a clinical-stage, immunology-based biopharmaceutical company focused on discovering, developing and commercializing oral small molecule therapies for patients with significant unmet needs in inflammatory diseases and oncology. Utilizing its proprietary drug discovery and development engine, the Company develops highly selective small molecules that are designed to modulate the critical immune responses underlying these diseases.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company is located in South San Francisco, California. </p> | |
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CY2022Q1 | us-gaap |
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CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q1 | us-gaap |
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|
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172908000 | |
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|
300000 | |
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Depreciation And Amortization
DepreciationAndAmortization
|
300000 | |
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|
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CY2021Q4 | us-gaap |
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CY2022Q1 | us-gaap |
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CY2021Q4 | us-gaap |
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6326000 | |
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Operating Lease Expiration Year
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|
2022-05 | |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
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|
10241000 | |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
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1648000 | |
CY2022Q1 | us-gaap |
Operating Lease Liability
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|
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CY2022Q1 | us-gaap |
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Operating Lease Liability
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Operating Lease Expense
OperatingLeaseExpense
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400000 | |
CY2022Q1 | us-gaap |
Variable Lease Cost
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CY2021Q1 | us-gaap |
Operating Lease Expense
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600000 | |
CY2022Q1 | us-gaap |
Operating Lease Payments
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500000 | |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
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|
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CY2022Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.080 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-20468000 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16514000 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2021Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
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24844946 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.69 | |
CY2021Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.66 | |
CY2022Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
6452915 | |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2702000 | |
CY2021Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2687000 | |
CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
24500000 | |
CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P3Y | |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2810348 | |
CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2060385 |