2014 Q2 Form 10-Q Financial Statement

#000119312514187386 Filed on May 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q1
Revenue $10.39M $8.116M $4.623M
YoY Change 49.77% 75.56% 42.55%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.970M $3.640M $3.310M
YoY Change 27.24% 9.97% 2.16%
% of Gross Profit
Research & Development $13.46M $12.08M $8.220M
YoY Change 45.07% 47.0% 12.91%
% of Gross Profit
Depreciation & Amortization $200.0K $123.0K $147.0K
YoY Change 0.0% -16.33% -26.5%
% of Gross Profit
Operating Expenses $17.43M $15.73M $11.53M
YoY Change 40.56% 36.42% 9.52%
Operating Profit -$7.611M -$6.905M
YoY Change 10.22%
Interest Expense $70.00K $40.00K $20.00K
YoY Change 250.0% 100.0% 0.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$6.980M -$7.572M -$6.890M
YoY Change 28.07% 9.9% -5.23%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$6.981M -$7.572M -$6.885M
YoY Change 28.09% 9.98% -5.27%
Net Earnings / Revenue -67.22% -93.3% -148.93%
Basic Earnings Per Share
Diluted Earnings Per Share -$102.7K -$119.8K -$129.1K
COMMON SHARES
Basic Shares Outstanding 67.96M shares 62.74M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $193.7M $213.4M $57.30M
YoY Change 309.51% 272.43% -28.11%
Cash & Equivalents $99.27M $126.8M $12.18M
Short-Term Investments $94.40M $86.60M $45.10M
Other Short-Term Assets $671.0K $349.0K $300.0K
YoY Change -48.38% 16.33% 0.0%
Inventory
Prepaid Expenses $1.053M $370.0K
Receivables $6.969M $5.360M $3.700M
Other Receivables $300.0K $300.0K $200.0K
Total Short-Term Assets $203.0M $220.2M $61.50M
YoY Change 277.99% 258.07% -24.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.622M $1.410M $1.500M
YoY Change 1.38% -6.0% -11.76%
Goodwill $1.585M $1.585M
YoY Change
Intangibles
YoY Change
Long-Term Investments $42.70M $30.40M $12.80M
YoY Change 127.13% 137.5% 85.51%
Other Assets $0.00 $0.00 $0.00
YoY Change
Total Long-Term Assets $47.86M $35.29M $14.30M
YoY Change 133.45% 146.77% 66.28%
TOTAL ASSETS
Total Short-Term Assets $203.0M $220.2M $61.50M
Total Long-Term Assets $47.86M $35.29M $14.30M
Total Assets $250.8M $255.5M $75.80M
YoY Change 238.06% 237.07% -16.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.700M $6.100M $2.500M
YoY Change 72.73% 144.0% 4.17%
Accrued Expenses $2.000M $1.500M $1.100M
YoY Change 42.86% 36.36% 10.0%
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 $16.80M $16.41M $6.000M
YoY Change 136.61% 173.43% 7.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.90M $20.90M $8.300M
YoY Change 142.31% 151.81% -20.95%
Total Long-Term Liabilities $18.90M $20.90M $8.300M
YoY Change 142.31% 151.81% -20.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.80M $16.41M $6.000M
Total Long-Term Liabilities $18.90M $20.90M $8.300M
Total Liabilities $36.48M $38.08M $14.30M
YoY Change 146.49% 166.26% -11.18%
SHAREHOLDERS EQUITY
Retained Earnings -$316.7M -$309.7M
YoY Change
Common Stock $681.0K $678.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $214.4M $217.4M $61.60M
YoY Change
Total Liabilities & Shareholders Equity $250.8M $255.5M $75.80M
YoY Change 238.06% 237.07% -16.15%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$6.981M -$7.572M -$6.885M
YoY Change 28.09% 9.98% -5.27%
Depreciation, Depletion And Amortization $200.0K $123.0K $147.0K
YoY Change 0.0% -16.33% -26.5%
Cash From Operating Activities -$8.600M $11.38M -$8.018M
YoY Change 62.26% -241.92% -376.48%
INVESTING ACTIVITIES
Capital Expenditures -$400.0K $126.0K $68.00K
YoY Change 100.0% 85.29% -134.0%
Acquisitions
YoY Change
Other Investing Activities -$20.40M $4.000M -$3.700M
YoY Change -666.67% -208.11% -174.0%
Cash From Investing Activities -$20.80M $3.887M -$3.731M
YoY Change -750.0% -204.18% -179.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.585M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.700M 101.4M 2.247M
YoY Change -10.53% 4411.39% 2147.0%
NET CHANGE
Cash From Operating Activities -8.600M 11.38M -8.018M
Cash From Investing Activities -20.80M 3.887M -3.731M
Cash From Financing Activities 1.700M 101.4M 2.247M
Net Change In Cash -27.70M 116.6M -9.502M
YoY Change 13750.0% -1327.5% -223.4%
FREE CASH FLOW
Cash From Operating Activities -$8.600M $11.38M -$8.018M
Capital Expenditures -$400.0K $126.0K $68.00K
Free Cash Flow -$8.200M $11.25M -$8.086M
YoY Change 60.78% -239.17% -360.84%

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2%; MARGIN-TOP: 18pt"> <b><i>Use of Estimates and Classifications</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. On an ongoing basis, management evaluates its estimates, including critical accounting policies or estimates related to revenue recognition, clinical trial accruals, fair value measurements, business combinations including the fair value of the contingent consideration liability for payments to former Ceregene Inc. (Ceregene) stockholders and intangible assets related to the acquisition of Ceregene, and stock-based compensation. Estimates are based on historical experience and on various other market specific and other relevant assumptions that the Company believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.</p> </div>
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R9.htm Edgar Link pending
report.css Edgar Link pending
sgmo-20140331.xml Edgar Link completed
sgmo-20140331.xsd Edgar Link pending
sgmo-20140331_cal.xml Edgar Link unprocessable
sgmo-20140331_def.xml Edgar Link unprocessable
sgmo-20140331_lab.xml Edgar Link unprocessable
sgmo-20140331_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending