2021 Q3 Form 10-Q Financial Statement

#000156459021043943 Filed on August 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $278.0K $279.0K $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.596M $6.741M $3.670M
YoY Change 57.05% 83.68% 256.31%
% of Gross Profit
Research & Development $25.36M $20.21M $8.951M
YoY Change 151.32% 125.73% 84.44%
% of Gross Profit
Depreciation & Amortization $369.0K $414.0K $200.0K
YoY Change 75.71% 107.0% 42.86%
% of Gross Profit
Operating Expenses $31.96M $26.95M $12.32M
YoY Change 126.85% 118.66% 109.4%
Operating Profit -$31.68M -$26.67M -$12.32M
YoY Change 124.88% 116.4% 109.4%
Interest Expense $86.00K -$56.00K $600.0K
YoY Change -80.89% -109.33% -233.33%
% of Operating Profit
Other Income/Expense, Net $79.00K -$63.00K $591.0K
YoY Change -82.13% -110.66% -230.18%
Pretax Income -$31.60M -$26.73M -$11.73M
YoY Change 131.59% 127.84% 85.08%
Income Tax -$708.0K -$421.0K $70.00K
% Of Pretax Income
Net Earnings -$30.89M -$26.31M -$11.80M
YoY Change 124.67% 122.96% 85.53%
Net Earnings / Revenue -11112.23% -9429.75%
Basic Earnings Per Share -$0.83 -$0.71
Diluted Earnings Per Share -$832.2K -$0.71 -$321.1K
COMMON SHARES
Basic Shares Outstanding 37.12M 37.04M
Diluted Shares Outstanding 37.12M 37.04M

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $261.0M $293.6M $369.9M
YoY Change -24.98% -20.62%
Cash & Equivalents $261.0M $293.6M $370.1M
Short-Term Investments $7.200M $7.200M
Other Short-Term Assets $9.103M $2.129M $3.300M
YoY Change 7.09% -35.48%
Inventory
Prepaid Expenses $9.103M $2.129M
Receivables
Other Receivables
Total Short-Term Assets $280.4M $309.2M $377.3M
YoY Change -22.4% -18.04%
LONG-TERM ASSETS
Property, Plant & Equipment $4.165M $4.235M $2.453M
YoY Change -49.82% 72.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.008M $341.0K $894.0K
YoY Change 44.0% -61.86%
Total Long-Term Assets $15.27M $11.46M $4.467M
YoY Change 71.56% 156.62%
TOTAL ASSETS
Total Short-Term Assets $280.4M $309.2M $377.3M
Total Long-Term Assets $15.27M $11.46M $4.467M
Total Assets $295.6M $320.7M $381.7M
YoY Change -20.14% -16.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.860M $3.303M $3.576M
YoY Change 3.33% -7.63%
Accrued Expenses $12.08M $10.16M $4.200M
YoY Change 115.77% 141.93%
Deferred Revenue $8.925M $8.763M
YoY Change 315.12%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.41M $23.22M $9.797M
YoY Change 129.51% 137.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $53.98M $52.34M $58.30M
YoY Change -8.97% -10.22%
Total Long-Term Liabilities $53.98M $52.34M $58.30M
YoY Change -8.97% -10.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.41M $23.22M $9.797M
Total Long-Term Liabilities $53.98M $52.34M $58.30M
Total Liabilities $77.39M $75.56M $68.08M
YoY Change 11.52% 11.0%
SHAREHOLDERS EQUITY
Retained Earnings -$182.0M -$151.1M -$74.34M
YoY Change 103.22%
Common Stock $400.2M $396.2M $388.0M
YoY Change 2.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $218.3M $245.1M $313.7M
YoY Change
Total Liabilities & Shareholders Equity $295.6M $320.7M $381.7M
YoY Change -20.14% -16.0%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$30.89M -$26.31M -$11.80M
YoY Change 124.67% 122.96% 85.53%
Depreciation, Depletion And Amortization $369.0K $414.0K $200.0K
YoY Change 75.71% 107.0% 42.86%
Cash From Operating Activities -$32.77M -$18.05M $36.69M
YoY Change 62.97% -149.21% -703.45%
INVESTING ACTIVITIES
Capital Expenditures -$324.0K -$431.0K -$10.00K
YoY Change -32.5% 4210.0% -96.67%
Acquisitions
YoY Change
Other Investing Activities -$65.00K $312.0K
YoY Change
Cash From Investing Activities -$389.0K -$119.0K -$10.00K
YoY Change -18.96% 1090.0% -96.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 363.0K 452.0K 249.0M
YoY Change -121.35% -99.82%
NET CHANGE
Cash From Operating Activities -32.77M -18.05M 36.69M
Cash From Investing Activities -389.0K -119.0K -10.00K
Cash From Financing Activities 363.0K 452.0K 249.0M
Net Change In Cash -32.80M -17.72M 285.7M
YoY Change 47.15% -106.2% -4578.21%
FREE CASH FLOW
Cash From Operating Activities -$32.77M -$18.05M $36.69M
Capital Expenditures -$324.0K -$431.0K -$10.00K
Free Cash Flow -$32.45M -$17.62M $36.70M
YoY Change 65.3% -148.02% -734.95%

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<p style="text-align:justify;margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in consolidated financial statements and accompanying notes. Significant estimates and assumptions reflected in these unaudited condensed consolidated financial statements include, but are not limited to, estimates related to revenue recognition, accrued research and development expenses, share-based compensation, right-of-use assets and lease liabilities and income taxes. Estimates are periodically reviewed in light of changes in circumstances, facts and experience. The Company bases its estimates on historical experience and other market specific or other relevant assumptions that it believes to be reasonable under the circumstances. Actual results could materially differ from those estimates. Changes in estimates are recorded in the period in which they become known.</p>
CY2021Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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rptx Number Of Operating Leases
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OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Short Term Lease Cost
ShortTermLeaseCost
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us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2020Q2 us-gaap Lease Cost
LeaseCost
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us-gaap Lease Cost
LeaseCost
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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LeaseCost
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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OperatingLeaseWeightedAverageDiscountRatePercent
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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-26309000
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NetIncomeLossAvailableToCommonStockholdersBasic
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NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q2 rptx Net Income Loss Attributable To Common Stockholders Basic And Diluted
NetIncomeLossAttributableToCommonStockholdersBasicAndDiluted
-26309000
CY2020Q2 rptx Net Income Loss Attributable To Common Stockholders Basic And Diluted
NetIncomeLossAttributableToCommonStockholdersBasicAndDiluted
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rptx Net Income Loss Attributable To Common Stockholders Basic And Diluted
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CY2021Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3229635
CY2021Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.71
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.45
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-7.56

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