$RPHM
Reneo Pharmaceuticals Inc

2021 Q4 Form 10-Q Financial Statement

#000155837021015674 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.524M $3.434M $2.949M
YoY Change 211.86% 412.54% 235.11%
% of Gross Profit
Research & Development $7.100M $9.318M $6.279M
YoY Change 38.67% 110.29% 122.9%
% of Gross Profit
Depreciation & Amortization $17.00K $13.00K $10.00K
YoY Change 70.0% 44.44% 11.11%
% of Gross Profit
Operating Expenses $10.62M $12.75M $9.228M
YoY Change 69.98% 150.09% 149.47%
Operating Profit -$12.75M -$9.228M
YoY Change 150.09% 149.47%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $17.00K $17.00K $12.00K
YoY Change 70.0% 20.0%
Pretax Income -$10.61M -$12.74M -$9.216M
YoY Change 69.71% 150.2% 149.76%
Income Tax
% Of Pretax Income
Net Earnings -$10.61M -$12.74M -$9.216M
YoY Change 69.71% 150.0% 149.96%
Net Earnings / Revenue
Basic Earnings Per Share -$0.52
Diluted Earnings Per Share -$433.0K -$522.0K -$431.4K
COMMON SHARES
Basic Shares Outstanding 24.42M 24.41M 24.29M
Diluted Shares Outstanding 24.40M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $147.7M $157.7M $167.3M
YoY Change
Cash & Equivalents $124.7M $126.4M $140.4M
Short-Term Investments $23.01M $31.33M $26.96M
Other Short-Term Assets $6.064M $4.931M $3.810M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $153.7M $162.7M $171.1M
YoY Change 179.39%
LONG-TERM ASSETS
Property, Plant & Equipment $212.0K $200.0K $85.00K
YoY Change 207.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $78.00K $78.00K $78.00K
YoY Change -38.58%
Total Long-Term Assets $290.0K $278.0K $163.0K
YoY Change 47.96%
TOTAL ASSETS
Total Short-Term Assets $153.7M $162.7M $171.1M
Total Long-Term Assets $290.0K $278.0K $163.0K
Total Assets $154.0M $162.9M $171.3M
YoY Change 178.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.022M $1.271M $434.0K
YoY Change 122.69%
Accrued Expenses $4.180M $5.082M $2.902M
YoY Change 13.83%
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 $6.202M $6.353M $3.336M
YoY Change 35.41%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $167.0K $382.0K $417.0K
YoY Change
Total Long-Term Liabilities $167.0K $382.0K $417.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.202M $6.353M $3.336M
Total Long-Term Liabilities $167.0K $382.0K $417.0K
Total Liabilities $6.813M $6.735M $3.753M
YoY Change 47.6%
SHAREHOLDERS EQUITY
Retained Earnings -$84.73M -$74.10M -$61.40M
YoY Change 88.46%
Common Stock $3.000K $3.000K $3.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $147.2M $156.2M $167.6M
YoY Change
Total Liabilities & Shareholders Equity $154.0M $162.9M $171.3M
YoY Change 178.92%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$10.61M -$12.74M -$9.216M
YoY Change 69.71% 150.0% 149.96%
Depreciation, Depletion And Amortization $17.00K $13.00K $10.00K
YoY Change 70.0% 44.44% 11.11%
Cash From Operating Activities -$10.02M -$9.672M -$9.701M
YoY Change 85.23% 68.21% 231.09%
INVESTING ACTIVITIES
Capital Expenditures -$90.00K -$77.00K -$6.000K
YoY Change -1000.0% -870.0%
Acquisitions
YoY Change
Other Investing Activities $8.243M -$4.432M -$26.99M
YoY Change -469.33% -2798.9%
Cash From Investing Activities $8.153M -$4.509M -$27.00M
YoY Change -81630.0% -478.91% -2799.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 119.0K 222.0K 85.84M
YoY Change -99.75% 344.0%
NET CHANGE
Cash From Operating Activities -10.02M -9.672M -9.701M
Cash From Investing Activities 8.153M -4.509M -27.00M
Cash From Financing Activities 119.0K 222.0K 85.84M
Net Change In Cash -1.749M -13.96M 49.15M
YoY Change -104.19% 209.51% -2646.48%
FREE CASH FLOW
Cash From Operating Activities -$10.02M -$9.672M -$9.701M
Capital Expenditures -$90.00K -$77.00K -$6.000K
Free Cash Flow -$9.931M -$9.595M -$9.695M
YoY Change 83.23% 66.58% 230.89%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33000
CY2020Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-4000
CY2021Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
1271000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27000
CY2021Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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 Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
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 Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2021Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
78000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
105000000
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2053070
CY2021Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.2235
dei Entity Central Index Key
EntityCentralIndexKey
0001637715
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-40315
dei Entity Registrant Name
EntityRegistrantName
Reneo Pharmaceuticals, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-2309515
dei Entity Address Address Line1
EntityAddressAddressLine1
18575 Jamboree Road, Suite 275-S
dei Entity Address City Or Town
EntityAddressCityOrTown
Irvine
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92612
dei City Area Code
CityAreaCode
858
dei Local Phone Number
LocalPhoneNumber
283-0280
dei Security12b Title
Security12bTitle
Common Stock, par value $0.0001 per share
dei Trading Symbol
TradingSymbol
RPHM
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2021Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
24423900
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
126409000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
53613000
CY2021Q3 us-gaap Short Term Investments
ShortTermInvestments
31325000
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4931000
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1412000
CY2021Q3 us-gaap Assets Current
AssetsCurrent
162665000
CY2020Q4 us-gaap Assets Current
AssetsCurrent
55025000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
200000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
69000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
127000
CY2021Q3 us-gaap Assets
Assets
162943000
CY2020Q4 us-gaap Assets
Assets
55221000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
17000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12723000
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
668000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8125000
us-gaap Operating Income Loss
OperatingIncomeLoss
-29194000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2475000
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
12752000
us-gaap Operating Income Loss
OperatingIncomeLoss
-13301000
CY2021Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
17000
CY2020Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
5000
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
908000
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5082000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3672000
CY2021Q3 us-gaap Liabilities Current
LiabilitiesCurrent
6353000
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4580000
CY2021Q3 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
98000
CY2020Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
36000
CY2021Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
284000
CY2021Q3 us-gaap Liabilities
Liabilities
6735000
CY2020Q4 us-gaap Liabilities
Liabilities
4616000
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
0
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24417558
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24407722
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2053070
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
3000
CY2021Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
230309000
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2843000
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-74121000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44958000
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
17000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
156208000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-42115000
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
162943000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
55221000
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9318000
CY2020Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4431000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21069000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10826000
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3434000
CY2020Q3 us-gaap Operating Expenses
OperatingExpenses
5099000
us-gaap Operating Expenses
OperatingExpenses
29194000
us-gaap Operating Expenses
OperatingExpenses
13301000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-12752000
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-5099000
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
31000
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
89000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-12735000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-5094000
us-gaap Net Income Loss
NetIncomeLoss
-29163000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-113000
us-gaap Net Income Loss
NetIncomeLoss
-13212000
CY2021Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
12000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
-36001000
CY2020Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-4000
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
26000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-5094000
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5098000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-29146000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13212000
CY2021Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.52
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.48
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.82
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-6.54
CY2021Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24396798
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2052838
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16025813
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2021031
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-42115000
CY2021Q1 rphm Temporary Equity Issuance Costs
TemporaryEquityIssuanceCosts
29000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
471000
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
139000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-7212000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-48717000
CY2021Q2 rphm Convertible Preferred Stock Value Issued Upon Conversion
ConvertiblePreferredStockValueIssuedUponConversion
-140078000
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
84533000
CY2021Q2 rphm Stock Issued During Period Value Early Exercised Options Vested
StockIssuedDuringPeriodValueEarlyExercisedOptionsVested
14000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
854000
CY2021Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
5000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-9216000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
167551000
CY2021Q3 rphm Stock Issued During Period Value Early Exercised Options Vested
StockIssuedDuringPeriodValueEarlyExercisedOptionsVested
15000
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
220000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1145000
CY2021Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
12000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-12735000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
156208000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-23127000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
92000
CY2020Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
7000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-4431000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
-27433000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
88000
CY2020Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-6000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-3687000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-31038000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
84000
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
51000
us-gaap Net Income Loss
NetIncomeLoss
-29163000
us-gaap Net Income Loss
NetIncomeLoss
-13212000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
17000
rphm Fair Value Changes Of Share Based Performance Award
FairValueChangesOfShareBasedPerformanceAward
284000
us-gaap Share Based Compensation
ShareBasedCompensation
2470000
us-gaap Share Based Compensation
ShareBasedCompensation
264000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1816000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
20000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3577000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
203000
rphm Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
62000
rphm Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-4000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-27962000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13125000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
108000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
31421000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
7400000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31529000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7392000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
84641000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
407000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
77000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
132287000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
77000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
72796000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5656000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53613000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17501000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
126409000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11845000
rphm Vesting Of Unvested Exercised Options
VestingOfUnvestedExercisedOptions
19000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
56000
CY2021Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On April 5, 2021, the Company effected a 1-for-4.4748 reverse stock split of its common stock. The par value and the authorized number of shares of the common stock were not adjusted as a result of the reverse stock split. The reverse stock split resulted in an adjustment to the Series A and Series B convertible preferred stock conversion prices to reflect a proportional decrease in the number of shares of common stock to be issued upon conversion. The accompanying condensed consolidated financial statements and notes to the condensed consolidated financial statements give retroactive effect to the reverse stock split for all periods presented.
CY2021Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
230600000
CY2021Q3 rphm Cash And Cash Equivalents At Carrying Value And Short Term Investments
CashAndCashEquivalentsAtCarryingValueAndShortTermInvestments
157700000
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-74100000
us-gaap Net Income Loss
NetIncomeLoss
-29200000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-28000000.0
CY2021Q3 rphm Cash And Cash Equivalents At Carrying Value And Short Term Investments
CashAndCashEquivalentsAtCarryingValueAndShortTermInvestments
157700000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><span style="color:#231f20;font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><span style="color:#231f20;">The preparation of the Company’s condensed consolidated financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities and expenses and the disclosure in the Company’s condensed consolidated financial statements and accompanying notes. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. By their nature, estimates are subject to an inherent degree of uncertainty and, as such, actual results may differ from management’s estimates.</span></p>
CY2021Q3 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
CY2020Q3 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3215904
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6372578
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 Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-590000
rphm Changed In Fair Value Of Share Based Performance Award
ChangedInFairValueOfShareBasedPerformanceAward
-306000
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
284000
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
316000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
152000
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
116000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
83000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
200000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
69000
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13000
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27000
CY2021Q3 rphm Accrued Development Expenses
AccruedDevelopmentExpenses
1563000
CY2020Q4 rphm Accrued Development Expenses
AccruedDevelopmentExpenses
1389000
CY2021Q3 rphm Accrued Clinical Expenses
AccruedClinicalExpenses
1467000
CY2020Q4 rphm Accrued Clinical Expenses
AccruedClinicalExpenses
1019000
CY2021Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1366000
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
888000
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
686000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
376000
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5082000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3672000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M24D
CY2021Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
5520125
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
935478
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.56
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y8M12D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2487285
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.59
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
206859
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.97
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3215904
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.95
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y7M6D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8868000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
687583
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.67
rphm Share Based Compensation Arrangement By Share Based Payment Award Options Vested Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedWeightedAverageRemainingContractualTerm
P7Y3M18D
rphm Share Based Compensation Arrangement By Share Based Payment Award Options Vested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedIntrinsicValue
3015000
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3215904
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.95
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y7M6D
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
8868000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0069
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0107
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.729
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.717
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.58
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.59
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.48
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
7100000
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y9M14D
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1145000
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
84000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2470000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
264000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
300000
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
300000
CY2021Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y

Files In Submission

Name View Source Status
0001558370-21-015674-index-headers.html Edgar Link pending
0001558370-21-015674-index.html Edgar Link pending
0001558370-21-015674.txt Edgar Link pending
0001558370-21-015674-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
rphm-20210930.xsd Edgar Link pending
rphm-20210930x10q.htm Edgar Link pending
rphm-20210930x10q004.jpg Edgar Link pending
rphm-20210930x10q_htm.xml Edgar Link completed
rphm-20210930xex10d1.htm Edgar Link pending
rphm-20210930xex10d2.htm Edgar Link pending
rphm-20210930xex10d3.htm Edgar Link pending
rphm-20210930xex10d4.htm Edgar Link pending
rphm-20210930xex10d5.htm Edgar Link pending
rphm-20210930xex31d1.htm Edgar Link pending
rphm-20210930xex31d2.htm Edgar Link pending
rphm-20210930xex32d1.htm Edgar Link pending
rphm-20210930xex32d2.htm Edgar Link pending
rphm-20210930_cal.xml Edgar Link unprocessable
rphm-20210930_def.xml Edgar Link unprocessable
rphm-20210930_lab.xml Edgar Link unprocessable
rphm-20210930_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending