2015 Q4 Form 10-Q Financial Statement

#000147929015000010 Filed on November 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $75.00K $75.00K $75.00K
YoY Change 0.0% 0.0% -52.53%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.910M $5.827M $5.300M
YoY Change 44.26% 9.94% 147.43%
% of Gross Profit
Research & Development $14.96M $13.02M $8.600M
YoY Change 63.86% 51.35% 36.86%
% of Gross Profit
Depreciation & Amortization $410.0K $510.0K $600.0K
YoY Change -16.33% -15.0% 50.0%
% of Gross Profit
Operating Expenses $21.86M $18.84M $13.90M
YoY Change 57.04% 35.56% 64.97%
Operating Profit -$18.77M -$13.83M
YoY Change 35.75% 67.21%
Interest Expense -$200.0K $390.0K $228.0K
YoY Change 0.0% 71.05% -35.04%
% of Operating Profit
Other Income/Expense, Net -$110.0K -$98.00K -$5.000K
YoY Change -31.25% 1860.0% -86.84%
Pretax Income -$22.09M -$19.18M -$13.98M
YoY Change 55.45% 37.2% 57.43%
Income Tax
% Of Pretax Income
Net Earnings -$22.09M -$19.18M -$13.98M
YoY Change 55.46% 37.19% 57.42%
Net Earnings / Revenue -29458.67% -25566.67% -18636.0%
Basic Earnings Per Share -$0.83 -$0.81 -$0.60
Diluted Earnings Per Share -$0.83 -$0.81 -$0.60
COMMON SHARES
Basic Shares Outstanding 28.06M shares 23.76M shares 23.33M shares
Diluted Shares Outstanding 23.76M shares 23.33M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $252.3M $141.9M $187.5M
YoY Change 47.54% -24.32% 9768.42%
Cash & Equivalents $201.6M $90.49M $187.5M
Short-Term Investments $50.70M $51.40M
Other Short-Term Assets $267.0K $1.600M $86.00K
YoY Change 11.72% 1760.47% -92.18%
Inventory
Prepaid Expenses $1.200M $1.451M
Receivables $75.00K $1.421M
Other Receivables $83.00K $0.00
Total Short-Term Assets $254.0M $143.5M $190.9M
YoY Change 47.03% -24.84% 6263.67%
LONG-TERM ASSETS
Property, Plant & Equipment $19.71M $19.25M $17.39M
YoY Change 2.25% 10.69% 32.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.800M $2.400M
YoY Change
Other Assets $0.00 $6.000K $183.0K
YoY Change -100.0% -96.72% -93.46%
Total Long-Term Assets $21.86M $22.02M $18.01M
YoY Change 10.75% 22.24% 13.28%
TOTAL ASSETS
Total Short-Term Assets $254.0M $143.5M $190.9M
Total Long-Term Assets $21.86M $22.02M $18.01M
Total Assets $275.8M $165.5M $208.9M
YoY Change 43.31% -20.78% 1005.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.657M $2.731M $2.666M
YoY Change -15.62% 2.44% -73.6%
Accrued Expenses $6.245M $5.990M $3.317M
YoY Change 50.66% 80.58% -32.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.100M $3.000M $8.800M
YoY Change 6.9% -65.91% 6.02%
Total Short-Term Liabilities $12.04M $11.74M $14.75M
YoY Change 17.59% -20.4% -53.48%
LONG-TERM LIABILITIES
Long-Term Debt $5.300M $6.200M $900.0K
YoY Change 783.33% 588.89% -85.71%
Other Long-Term Liabilities $0.00 $5.200M $5.300M
YoY Change -100.0% -1.89% 12.77%
Total Long-Term Liabilities $0.00 $11.40M $6.200M
YoY Change -100.0% 83.87% -43.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.04M $11.74M $14.75M
Total Long-Term Liabilities $0.00 $11.40M $6.200M
Total Liabilities $22.57M $23.16M $21.01M
YoY Change 40.19% 10.23% -50.69%
SHAREHOLDERS EQUITY
Retained Earnings -$332.3M -$310.2M -$244.6M
YoY Change 28.39% 26.82%
Common Stock $585.6M $452.5M $432.5M
YoY Change 34.56% 4.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $253.3M $142.4M $187.9M
YoY Change
Total Liabilities & Shareholders Equity $275.8M $165.5M $208.9M
YoY Change 43.31% -20.78% 1005.41%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income -$22.09M -$19.18M -$13.98M
YoY Change 55.46% 37.19% 57.42%
Depreciation, Depletion And Amortization $410.0K $510.0K $600.0K
YoY Change -16.33% -15.0% 50.0%
Cash From Operating Activities -$16.45M -$13.71M -$12.69M
YoY Change 80.37% 8.04% 96.14%
INVESTING ACTIVITIES
Capital Expenditures -$480.0K -$560.0K -$2.020M
YoY Change -68.83% -72.28% 477.14%
Acquisitions
YoY Change
Other Investing Activities $920.0K -$1.010M $0.00
YoY Change
Cash From Investing Activities $440.0K -$1.570M -$2.030M
YoY Change -127.33% -22.66% 463.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 127.1M 9.350M -1.110M
YoY Change -2290.52% -942.34% -49.32%
NET CHANGE
Cash From Operating Activities -16.45M -13.71M -12.69M
Cash From Investing Activities 440.0K -1.570M -2.030M
Cash From Financing Activities 127.1M 9.350M -1.110M
Net Change In Cash 111.0M -5.930M -15.83M
YoY Change -771.75% -62.54% 75.5%
FREE CASH FLOW
Cash From Operating Activities -$16.45M -$13.71M -$12.69M
Capital Expenditures -$480.0K -$560.0K -$2.020M
Free Cash Flow -$15.97M -$13.15M -$10.67M
YoY Change 110.69% 23.24% 74.35%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001479290
CY2015Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
28062233 shares
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
1999-08-10
dei Entity Information Date To Change Former Legal Or Registered Name
EntityInformationDateToChangeFormerLegalOrRegisteredName
2005-04-19
dei Entity Registrant Name
EntityRegistrantName
Revance Therapeutics, Inc.
CY2015Q3 rvnc Cash Cash Equivalentsand Investments
CashCashEquivalentsandInvestments
144200000 USD
rvnc Cashand Cash Equivalentsand Investments Operating Plan Funding Term Minimum
CashandCashEquivalentsandInvestmentsOperatingPlanFundingTermMinimum
P12M
CY2014Q3 rvnc Changein Fair Valueof Convertible Preferred Stock Warrant
ChangeinFairValueofConvertiblePreferredStockWarrant
0 USD
rvnc Changein Fair Valueof Convertible Preferred Stock Warrant
ChangeinFairValueofConvertiblePreferredStockWarrant
-210000 USD
CY2015Q3 rvnc Changein Fair Valueof Convertible Preferred Stock Warrant
ChangeinFairValueofConvertiblePreferredStockWarrant
0 USD
rvnc Changein Fair Valueof Convertible Preferred Stock Warrant
ChangeinFairValueofConvertiblePreferredStockWarrant
0 USD
rvnc Conversion Of Preferred Stock Warrants To Common Stock Warrants
ConversionOfPreferredStockWarrantsToCommonStockWarrants
1441000 USD
rvnc Conversion Of Preferred Stock Warrants To Common Stock Warrants
ConversionOfPreferredStockWarrantsToCommonStockWarrants
0 USD
rvnc Extinguishmentof Warrant Liability Upon Exerciseof Put Option
ExtinguishmentofWarrantLiabilityUponExerciseofPutOption
1356000 USD
rvnc Extinguishmentof Warrant Liability Upon Exerciseof Put Option
ExtinguishmentofWarrantLiabilityUponExerciseofPutOption
0 USD
CY2014Q4 rvnc Financing Lease Obligation Noncurrent Netof Current Portion
FinancingLeaseObligationNoncurrentNetofCurrentPortion
598000 USD
CY2015Q3 rvnc Financing Lease Obligation Noncurrent Netof Current Portion
FinancingLeaseObligationNoncurrentNetofCurrentPortion
6176000 USD
CY2014Q4 rvnc Financing Obligation Current
FinancingObligationCurrent
307000 USD
CY2015Q3 rvnc Financing Obligation Current
FinancingObligationCurrent
3018000 USD
CY2015Q3 rvnc Financing Obligation Future Minimum Payments Due
FinancingObligationFutureMinimumPaymentsDue
10191000 USD
CY2015Q3 rvnc Financing Obligation Future Minimum Payments Duein Four Years
FinancingObligationFutureMinimumPaymentsDueinFourYears
949000 USD
CY2015Q3 rvnc Financing Obligation Future Minimum Payments Duein Three Years
FinancingObligationFutureMinimumPaymentsDueinThreeYears
3971000 USD
CY2015Q3 rvnc Financing Obligation Future Minimum Payments Duein Two Years
FinancingObligationFutureMinimumPaymentsDueinTwoYears
4217000 USD
CY2015Q3 rvnc Financing Obligation Future Minimum Payments Next Twelve Months
FinancingObligationFutureMinimumPaymentsNextTwelveMonths
1054000 USD
CY2014Q3 rvnc Gain Loss On Settlement In Exchange Of Preferred Stock Warrants
GainLossOnSettlementInExchangeOfPreferredStockWarrants
0 USD
rvnc Issuance Of Convertible Preferred Stock Warrants
IssuanceOfConvertiblePreferredStockWarrants
0 USD
rvnc Interest Expense Debt Issuance Costs
InterestExpenseDebtIssuanceCosts
39000 USD
rvnc Gain Loss On Settlement In Exchange Of Preferred Stock Warrants
GainLossOnSettlementInExchangeOfPreferredStockWarrants
-1356000 USD
CY2015Q3 rvnc Gain Loss On Settlement In Exchange Of Preferred Stock Warrants
GainLossOnSettlementInExchangeOfPreferredStockWarrants
0 USD
rvnc Gain Loss On Settlement In Exchange Of Preferred Stock Warrants
GainLossOnSettlementInExchangeOfPreferredStockWarrants
0 USD
CY2014Q3 rvnc Gain Losson Derivative Instruments Contract Net Pretax
GainLossonDerivativeInstrumentsContractNetPretax
67000 USD
rvnc Gain Losson Derivative Instruments Contract Net Pretax
GainLossonDerivativeInstrumentsContractNetPretax
-426000 USD
CY2015Q3 rvnc Gain Losson Derivative Instruments Contract Net Pretax
GainLossonDerivativeInstrumentsContractNetPretax
13000 USD
rvnc Gain Losson Derivative Instruments Contract Net Pretax
GainLossonDerivativeInstrumentsContractNetPretax
60000 USD
CY2014Q3 rvnc Interest Expense Capitalized
InterestExpenseCapitalized
238000 USD
rvnc Interest Expense Capitalized
InterestExpenseCapitalized
649000 USD
CY2015Q3 rvnc Interest Expense Capitalized
InterestExpenseCapitalized
0 USD
rvnc Interest Expense Capitalized
InterestExpenseCapitalized
0 USD
CY2014Q3 rvnc Interest Expense Convertible Notes
InterestExpenseConvertibleNotes
0 USD
rvnc Interest Expense Convertible Notes
InterestExpenseConvertibleNotes
1250000 USD
CY2015Q3 rvnc Interest Expense Convertible Notes
InterestExpenseConvertibleNotes
0 USD
rvnc Interest Expense Convertible Notes
InterestExpenseConvertibleNotes
0 USD
CY2014Q3 rvnc Interest Expense Debt Issuance Costs
InterestExpenseDebtIssuanceCosts
48000 USD
rvnc Interest Expense Debt Issuance Costs
InterestExpenseDebtIssuanceCosts
148000 USD
CY2015Q3 rvnc Interest Expense Debt Issuance Costs
InterestExpenseDebtIssuanceCosts
0 USD
CY2014Q3 rvnc Interest Expense Warrantand Derivative Related Debt Discounts
InterestExpenseWarrantandDerivativeRelatedDebtDiscounts
76000 USD
rvnc Interest Expense Warrantand Derivative Related Debt Discounts
InterestExpenseWarrantandDerivativeRelatedDebtDiscounts
219000 USD
CY2015Q3 rvnc Interest Expense Warrantand Derivative Related Debt Discounts
InterestExpenseWarrantandDerivativeRelatedDebtDiscounts
0 USD
rvnc Interest Expense Warrantand Derivative Related Debt Discounts
InterestExpenseWarrantandDerivativeRelatedDebtDiscounts
5000 USD
rvnc Issuance Of Common Stock Upon Net Exercise Of Warrants
IssuanceOfCommonStockUponNetExerciseOfWarrants
6490000 USD
rvnc Issuance Of Common Stock Upon Net Exercise Of Warrants
IssuanceOfCommonStockUponNetExerciseOfWarrants
0 USD
rvnc Issuance Of Common Stock Warrants
IssuanceOfCommonStockWarrants
981000 USD
rvnc Issuance Of Common Stock Warrants
IssuanceOfCommonStockWarrants
0 USD
rvnc Issuance Of Convertible Preferred Stock Warrants
IssuanceOfConvertiblePreferredStockWarrants
80000 USD
CY2015Q3 rvnc Maximum Commission Basedon Gross Salesof Secondary Offering
MaximumCommissionBasedonGrossSalesofSecondaryOffering
0.03
rvnc Noncash Deferred Initial Public Offering Costs
NoncashDeferredInitialPublicOfferingCosts
4574000 USD
rvnc Noncash Deferred Initial Public Offering Costs
NoncashDeferredInitialPublicOfferingCosts
84000 USD
CY2014Q3 rvnc Noncash Interest Expense
NoncashInterestExpense
-48000 USD
rvnc Noncash Interest Expense
NoncashInterestExpense
9365000 USD
CY2015Q3 rvnc Noncash Interest Expense
NoncashInterestExpense
126000 USD
rvnc Noncash Interest Expense
NoncashInterestExpense
270000 USD
rvnc Proceeds From Issuanceof Follow On Offering
ProceedsFromIssuanceofFollowOnOffering
131882000 USD
rvnc Proceeds From Issuanceof Follow On Offering
ProceedsFromIssuanceofFollowOnOffering
0 USD
CY2015Q1 rvnc Proceedsfrom Issuanceof Common Stock Maximum Proceeds Allowedon Secondary Offering
ProceedsfromIssuanceofCommonStockMaximumProceedsAllowedonSecondaryOffering
50000000 USD
rvnc Revaluation Of Convertible Redeemable Preferred Stock Warrants
RevaluationOfConvertibleRedeemablePreferredStockWarrants
210000 USD
rvnc Revaluation Of Convertible Redeemable Preferred Stock Warrants
RevaluationOfConvertibleRedeemablePreferredStockWarrants
0 USD
rvnc Terminationof Stock Option Repurchase Right Noncash
TerminationofStockOptionRepurchaseRightNoncash
58000 USD
rvnc Terminationof Stock Option Repurchase Right Noncash
TerminationofStockOptionRepurchaseRightNoncash
0 USD
CY2015Q3 rvnc Working Capital Surplus
WorkingCapitalSurplus
131800000 USD
rvnc Writeoffof Fixed Assets
WriteoffofFixedAssets
0 USD
rvnc Writeoffof Fixed Assets
WriteoffofFixedAssets
28000 USD
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3149000 USD
CY2015Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
2731000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
0 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-364000 USD
CY2014Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4145000 USD
CY2015Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5990000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
0 USD
CY2015Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
10000 USD
CY2014Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
435142000 USD
CY2015Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
452501000 USD
CY2014Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2285000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4611000 USD
CY2015Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2590000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7314000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1198000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
5000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
148000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
39000 USD
CY2014Q4 us-gaap Assets
Assets
192469000 USD
CY2015Q3 us-gaap Assets
Assets
165514000 USD
CY2014Q4 us-gaap Assets Current
AssetsCurrent
172731000 USD
CY2015Q3 us-gaap Assets Current
AssetsCurrent
143497000 USD
CY2014Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
166038000 USD
CY2015Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
126175000 USD
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2015Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
12000 USD
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2015Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2000 USD
CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
166038000 USD
CY2015Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
126165000 USD
CY2014Q3 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
0 USD
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
0 USD
CY2015Q3 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
22000 USD
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
10000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3914000 USD
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
187486000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
171032000 USD
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
90494000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
183572000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-80538000 USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
95000000 shares
CY2015Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
95000000 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23774465 shares
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24313222 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
23774465 shares
CY2015Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24313222 shares
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
24000 USD
CY2015Q3 us-gaap Common Stock Value
CommonStockValue
24000 USD
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13977000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-48705000 USD
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-19153000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-51372000 USD
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
123982000 USD
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
1095000 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
26206000 USD
us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
0 USD
CY2014Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
3725000 USD
CY2015Q3 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
3762000 USD
us-gaap Depreciation
Depreciation
1561000 USD
us-gaap Depreciation
Depreciation
1586000 USD
CY2014Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1541000 USD
CY2015Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1481000 USD
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.60
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.70
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.17
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.60
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.70
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.17
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
144000 USD
us-gaap Financing Interest Expense
FinancingInterestExpense
226000 USD
CY2014Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
2151000 USD
CY2015Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
CY2014Q3 us-gaap Financing Interest Expense
FinancingInterestExpense
66000 USD
us-gaap Financing Interest Expense
FinancingInterestExpense
66000 USD
CY2015Q3 us-gaap Financing Interest Expense
FinancingInterestExpense
126000 USD
CY2014Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
4032000 USD
CY2015Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-29000 USD
CY2014Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-8331000 USD
CY2015Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-3524000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-477000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1178000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
3096000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-83000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-7073000 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
0 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1238000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-24000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2654000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
134000 USD
us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
-500000 USD
us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
-152000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-75000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-75000 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
228000 USD
us-gaap Interest Expense
InterestExpense
10336000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
390000 USD
us-gaap Interest Expense
InterestExpense
834000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
271000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
0 USD
CY2014Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
276000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
971000 USD
CY2015Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
264000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
564000 USD
us-gaap Interest Paid
InterestPaid
971000 USD
us-gaap Interest Paid
InterestPaid
564000 USD
CY2014Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
14000 USD
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
18000 USD
CY2015Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
68000 USD
CY2014Q1 us-gaap Lessee Leasing Arrangements Operating Leases Renewal Term
LesseeLeasingArrangementsOperatingLeasesRenewalTerm
P36M
CY2014Q4 us-gaap Liabilities
Liabilities
16100000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
23158000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
192469000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
165514000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
10236000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
11739000 USD
CY2014Q4 us-gaap Long Term Investments
LongTermInvestments
0 USD
CY2015Q3 us-gaap Long Term Investments
LongTermInvestments
2357000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
234892000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15541000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5369000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-56861000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-45951000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-39218000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-13977000 USD
us-gaap Net Income Loss
NetIncomeLoss
-48705000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-19175000 USD
us-gaap Net Income Loss
NetIncomeLoss
-51382000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13977000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-48705000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19175000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-51382000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-13977000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-48705000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-19175000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-51382000 USD
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
832000 USD
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
95000 USD
us-gaap Notes Assumed1
NotesAssumed1
1050000 USD
us-gaap Notes Assumed1
NotesAssumed1
0 USD
CY2014Q4 us-gaap Notes Payable Current
NotesPayableCurrent
2635000 USD
CY2015Q3 us-gaap Notes Payable Current
NotesPayableCurrent
0 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
13900000 USD
us-gaap Operating Expenses
OperatingExpenses
38511000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
18843000 USD
us-gaap Operating Expenses
OperatingExpenses
50756000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-13825000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-38203000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-18768000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-50531000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
49817000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1269000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
5578000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
5394000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
5222000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
32354000 USD
CY2014Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1300000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3900000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
10000 USD
CY2015Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1300000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3900000 USD
us-gaap Operations Commenced Date1
OperationsCommencedDate1
2002-06-30
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
29000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10000 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-73000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-98000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-221000 USD
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
1438000 USD
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
762000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
54087000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5444000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2849000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1624000 USD
CY2015Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1604000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
102672000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10154000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
6750000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1402000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
738000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19274000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19254000 USD
CY2015Q3 us-gaap Purchase Obligation
PurchaseObligation
22400000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
0 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
146000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
1768000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
6230000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2652000 USD
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8600000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24261000 USD
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13016000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
32573000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
75000 USD
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
35000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
435000 USD
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
400000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-258797000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-310179000 USD
CY2014Q3 us-gaap Revenues
Revenues
75000 USD
us-gaap Revenues
Revenues
308000 USD
CY2015Q3 us-gaap Revenues
Revenues
75000 USD
us-gaap Revenues
Revenues
225000 USD
us-gaap Sale Leaseback Transaction Net Proceeds Financing Activities
SaleLeasebackTransactionNetProceedsFinancingActivities
0 USD
us-gaap Sale Leaseback Transaction Net Proceeds Financing Activities
SaleLeasebackTransactionNetProceedsFinancingActivities
9831000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5300000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14250000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5827000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18183000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4611000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7314000 USD
CY2013Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
2500000 USD
CY2014Q4 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2015Q3 us-gaap Short Term Investments
ShortTermInvestments
51364000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
176369000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
142356000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23331104 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18009537 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23755199 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23625869 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23331104 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18009537 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23755199 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23625869 shares
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Medicis Settlement</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;">October 2012</font><font style="font-family:inherit;font-size:10pt;">, the Company entered into a settlement and termination agreement with Medicis Pharmaceutical Corporation, or Medicis. Medicis was subsequently acquired by Valeant Pharmaceuticals International, Inc. in December 2012. The terms of the settlement provided for the reacquisition of the rights related to all territories of RT001 and RT002 from Medicis and for consideration payable by the Company to Medicis of up to </font><font style="font-family:inherit;font-size:10pt;">$25.0 million</font><font style="font-family:inherit;font-size:10pt;">, comprised of (i)&#160;an upfront payment of </font><font style="font-family:inherit;font-size:10pt;">$7.0 million</font><font style="font-family:inherit;font-size:10pt;">, which was paid in 2012, (ii) a Proceeds Sharing Arrangement Payment of&#160;</font><font style="font-family:inherit;font-size:10pt;">$14.0 million</font><font style="font-family:inherit;font-size:10pt;"> due upon specified capital raising achievements by the Company, of which </font><font style="font-family:inherit;font-size:10pt;">$6.9 million</font><font style="font-family:inherit;font-size:10pt;"> was paid in 2013 and the remaining </font><font style="font-family:inherit;font-size:10pt;">$7.1 million</font><font style="font-family:inherit;font-size:10pt;"> was paid in 2014, and (iii)&#160;</font><font style="font-family:inherit;font-size:10pt;">$4.0 million</font><font style="font-family:inherit;font-size:10pt;"> to be paid upon the achievement of regulatory approval for RT001 or RT002 by the Company, or Product Approval Payment. </font></div><div style="line-height:120%;padding-top:16px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company determined the fair value of its liability for the Product Approval Payment was </font><font style="font-family:inherit;font-size:10pt;">$1.5 million</font><font style="font-family:inherit;font-size:10pt;">, which was measured by assuming a term of </font><font style="font-family:inherit;font-size:10pt;">3.75</font><font style="font-family:inherit;font-size:10pt;">&#160;years, a risk-free rate of </font><font style="font-family:inherit;font-size:10pt;">1.09%</font><font style="font-family:inherit;font-size:10pt;"> and a credit risk adjustment of </font><font style="font-family:inherit;font-size:10pt;">7.25%</font><font style="font-family:inherit;font-size:10pt;">. The Company&#8217;s assumption for the expected term is based on an expected Biologics License Application, or BLA, approval in 2019. The Company did not make any payments under the Product Approval Payment during the </font><font style="font-family:inherit;font-size:10pt;">nine months ended September 30, 2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with US&#160;GAAP requires management to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and accompanying notes. Such management estimates include the fair value of common stock, stock-based compensation, fair value of convertible preferred stock and warrants, fair value of derivatives, and the valuation of deferred tax assets. The Company bases its estimates on historical experience and also on assumptions that it believes are reasonable, however, actual results could significantly differ from those estimates</font></div></div>

Files In Submission

Name View Source Status
0001479290-15-000010-index-headers.html Edgar Link pending
0001479290-15-000010-index.html Edgar Link pending
0001479290-15-000010.txt Edgar Link pending
0001479290-15-000010-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx 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
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.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
rvnc-20150930.xml Edgar Link completed
rvnc-20150930.xsd Edgar Link pending
rvnc-20150930_cal.xml Edgar Link unprocessable
rvnc-20150930_def.xml Edgar Link unprocessable
rvnc-20150930_lab.xml Edgar Link unprocessable
rvnc-20150930_pre.xml Edgar Link unprocessable
rvnc-q315exhibit101.htm Edgar Link pending
rvnc-q315exhibit102.htm Edgar Link pending
rvnc-q315exhibit103.htm Edgar Link pending
rvnc-q315exhibit104.htm Edgar Link pending
rvnc-q315exhibit105.htm Edgar Link pending
rvnc-q315exhibit106.htm Edgar Link pending
rvnc-q315exhibit311.htm Edgar Link pending
rvnc-q315exhibit312.htm Edgar Link pending
rvnc-q315exhibit321.htm Edgar Link pending
rvnc-q315exhibit322.htm Edgar Link pending
rvncq31510q.htm Edgar Link pending
Show.js Edgar Link pending