$RPHM
Reneo Pharmaceuticals Inc

2023 Q4 Form 10-Q Financial Statement

#000095017023062910 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.402M $7.270M
YoY Change 76.03% 86.31%
% of Gross Profit
Research & Development $17.60M $13.62M
YoY Change 69.97% 37.07%
% of Gross Profit
Depreciation & Amortization $40.00K $50.00K
YoY Change 60.0% 127.27%
% of Gross Profit
Operating Expenses $25.01M $20.89M
YoY Change 71.72% 50.92%
Operating Profit -$20.89M
YoY Change 50.92%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $1.452M $1.692M
YoY Change 50.94% 103.12%
Pretax Income -$23.55M -$19.20M
YoY Change 73.19% 47.61%
Income Tax
% Of Pretax Income
Net Earnings -$23.55M -$19.20M
YoY Change 73.19% 47.61%
Net Earnings / Revenue
Basic Earnings Per Share -$0.57
Diluted Earnings Per Share -$0.70 -$0.57
COMMON SHARES
Basic Shares Outstanding 33.31M 33.80M
Diluted Shares Outstanding 33.81M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $103.0M $125.6M
YoY Change 1.77% 8.2%
Cash & Equivalents $27.63M $11.74M
Short-Term Investments $75.33M $113.9M
Other Short-Term Assets $3.659M $3.200M
YoY Change -29.36% -34.93%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $106.6M $128.8M
YoY Change 0.25% 6.42%
LONG-TERM ASSETS
Property, Plant & Equipment $733.0K $529.0K
YoY Change 61.81% 119.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $81.00K $81.00K
YoY Change -3.57% 2.53%
Total Long-Term Assets $814.0K $1.616M
YoY Change -55.49% 7.3%
TOTAL ASSETS
Total Short-Term Assets $106.6M $128.8M
Total Long-Term Assets $814.0K $1.616M
Total Assets $107.4M $130.4M
YoY Change -0.69% 6.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.717M $2.473M
YoY Change 360.49% 12.97%
Accrued Expenses $9.460M $10.77M
YoY Change 95.98% 57.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.18M $13.56M
YoY Change 155.15% 43.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $649.0K $1.900M
YoY Change -40.35% 88.31%
Total Long-Term Liabilities $649.0K $1.900M
YoY Change -40.35% 88.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.18M $13.56M
Total Long-Term Liabilities $649.0K $1.900M
Total Liabilities $18.83M $15.44M
YoY Change 129.25% 47.66%
SHAREHOLDERS EQUITY
Retained Earnings -$218.5M -$190.5M
YoY Change 59.82% 54.75%
Common Stock $3.000K $3.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $88.61M $114.9M
YoY Change
Total Liabilities & Shareholders Equity $107.4M $130.4M
YoY Change -0.69% 6.44%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$23.55M -$19.20M
YoY Change 73.19% 47.61%
Depreciation, Depletion And Amortization $40.00K $50.00K
YoY Change 60.0% 127.27%
Cash From Operating Activities -$19.75M -$18.77M
YoY Change 26.51% 73.89%
INVESTING ACTIVITIES
Capital Expenditures $21.00K $20.00K
YoY Change -91.6% -171.43%
Acquisitions
YoY Change
Other Investing Activities $39.80M $21.27M
YoY Change -249.26% -146.84%
Cash From Investing Activities $39.77M $21.25M
YoY Change -247.76% -146.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.125M 170.0K
YoY Change -1369.23% 75.26%
NET CHANGE
Cash From Operating Activities -19.75M -18.77M
Cash From Investing Activities 39.77M 21.25M
Cash From Financing Activities -4.125M 170.0K
Net Change In Cash 15.90M 2.650M
YoY Change -137.66% -104.72%
FREE CASH FLOW
Cash From Operating Activities -$19.75M -$18.77M
Capital Expenditures $21.00K $20.00K
Free Cash Flow -$19.77M -$18.79M
YoY Change 24.65% 74.53%

Facts In Submission

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us-gaap Net Income Loss
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2023Q3 rphm Cash And Cash Equivalents At Carrying Value And Short Term Investments
CashAndCashEquivalentsAtCarryingValueAndShortTermInvestments
125600000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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6537307
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4779620
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
CY2023Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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113898000
CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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1000
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22000
CY2023Q3 us-gaap Available For Sale Securities Debt Securities
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81290000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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2000
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46000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
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81246000
CY2023Q3 rphm Accrued Clinical And Regulatory Expenses
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5176000
CY2022Q4 rphm Accrued Clinical And Regulatory Expenses
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CY2022Q4 rphm Accrued Manufacturing Expense
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CY2023Q3 rphm Accrued Compensation Expense
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CY2022Q4 rphm Accrued Compensation Expense
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CY2023Q3 rphm Accrued Other
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754000
CY2022Q4 rphm Accrued Other
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565000
CY2023Q3 us-gaap Accrued Liabilities Current
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10765000
CY2022Q4 us-gaap Accrued Liabilities Current
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4827000
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.05
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y4M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y9M18D
us-gaap Operating Lease Payments
OperatingLeasePayments
430000
us-gaap Operating Lease Payments
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397000
us-gaap Operating Lease Expense
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354000
us-gaap Operating Lease Expense
OperatingLeaseExpense
338000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
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2946079
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
94000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
381000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
381000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
343000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
34000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1233000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
96000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1137000
CY2023Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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8384517
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5877745
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.47
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y2M12D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
907000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
548915
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.88
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
149190
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
181663
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.6
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6095807
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.71
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M18D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
19172000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
4.94
rphm Share Based Compensation Arrangement By Share Based Payment Award Options Vested Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedWeightedAverageRemainingContractualTerm
P7Y
rphm Share Based Compensation Arrangement By Share Based Payment Award Options Vested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedIntrinsicValue
8770000
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3416089
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.52
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y9M18D
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
10045000
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9500000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y4M24D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.043
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.031
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.04
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.025
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.912
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.936
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.884
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.872
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M6D
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M24D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M24D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1429000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
990000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3793000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3103000

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