2024 Q3 Form 10-Q Financial Statement

#000162828024035165 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $49.41M $356.0K
YoY Change 425.77% -94.79%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $11.05M $12.05M
YoY Change -20.51% -24.78%
% of Gross Profit
Research & Development $27.73M $24.22M
YoY Change -51.42% -61.58%
% of Gross Profit
Depreciation & Amortization $1.218M $1.242M
YoY Change -77.85% -70.82%
% of Gross Profit
Operating Expenses $38.78M $37.44M
YoY Change -66.51% -71.29%
Operating Profit $10.63M -$37.08M
YoY Change -109.99% -69.99%
Interest Expense $129.0K $1.030M
YoY Change -96.31% -63.24%
% of Operating Profit 1.21%
Other Income/Expense, Net
YoY Change
Pretax Income $10.76M -$36.05M
YoY Change -110.46% -70.15%
Income Tax $88.00K $74.00K
% Of Pretax Income 0.82%
Net Earnings $10.67M -$36.13M
YoY Change -110.25% -68.45%
Net Earnings / Revenue 21.6% -10148.31%
Basic Earnings Per Share $0.05 -$0.18
Diluted Earnings Per Share $0.04 -$0.18
COMMON SHARES
Basic Shares Outstanding 208.2M shares 207.5M shares
Diluted Shares Outstanding 214.3M shares 203.9M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.20M $27.79M
YoY Change -70.32% -80.58%
Cash & Equivalents $39.20M $27.79M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $8.434M $11.71M
YoY Change -38.44% -6.88%
Inventory
Prepaid Expenses
Receivables $10.50M $581.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $58.13M $40.08M
YoY Change -60.61% -74.89%
LONG-TERM ASSETS
Property, Plant & Equipment $19.15M $20.62M
YoY Change -32.67% -66.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.22M $13.65M
YoY Change 8.32% -21.73%
Total Long-Term Assets $53.13M $52.94M
YoY Change -26.33% -68.01%
TOTAL ASSETS
Total Short-Term Assets $58.13M $40.08M
Total Long-Term Assets $53.13M $52.94M
Total Assets $111.3M $93.01M
YoY Change -49.36% -71.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.79M $17.59M
YoY Change 28.04% 18.55%
Accrued Expenses $11.64M $15.76M
YoY Change -18.26% -16.9%
Deferred Revenue $774.0K
YoY Change -47.88%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $43.16M $39.01M
YoY Change -10.98% -27.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.241M $1.222M
YoY Change -5.84% -3.55%
Total Long-Term Liabilities $1.241M $1.222M
YoY Change -5.84% -3.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.16M $39.01M
Total Long-Term Liabilities $1.241M $1.222M
Total Liabilities $72.13M $69.32M
YoY Change -14.92% -24.18%
SHAREHOLDERS EQUITY
Retained Earnings -$1.481B -$1.492B
YoY Change 10.02% 20.11%
Common Stock $1.524B $1.521B
YoY Change 2.47% 2.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.13M $23.69M
YoY Change
Total Liabilities & Shareholders Equity $111.3M $93.01M
YoY Change -49.36% -71.39%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $10.67M -$36.13M
YoY Change -110.25% -68.45%
Depreciation, Depletion And Amortization $1.218M $1.242M
YoY Change -77.85% -70.82%
Cash From Operating Activities $11.76M -$26.88M
YoY Change -124.86% -55.72%
INVESTING ACTIVITIES
Capital Expenditures $115.0K $0.00
YoY Change -95.89% -100.0%
Acquisitions
YoY Change
Other Investing Activities $348.0K $127.0K
YoY Change -99.14% -99.74%
Cash From Investing Activities $233.0K $127.0K
YoY Change -99.38% -99.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -203.0K -533.0K
YoY Change 103.0% -108.18%
NET CHANGE
Cash From Operating Activities 11.76M -26.88M
Cash From Investing Activities 233.0K 127.0K
Cash From Financing Activities -203.0K -533.0K
Net Change In Cash 11.79M -27.29M
YoY Change -220.3% 132.77%
FREE CASH FLOW
Cash From Operating Activities $11.76M -$26.88M
Capital Expenditures $115.0K $0.00
Free Cash Flow $11.64M -$26.88M
YoY Change -123.24% -59.42%

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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Private Placement
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us-gaap Proceeds From Issuance Of Private Placement
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Proceeds From Stock Plans
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27800000 usd
us-gaap Use Of Estimates
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<div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated 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, income taxes, fair value of assets and liabilities, including from acquisitions, useful lives and impairment of long-lived assets, 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.</span></div>
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1500000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CashAndCashEquivalentsAtCarryingValue
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CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q2 sgmo Cash Equivalents And Available For Sale Securities Amortized Cost Current
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241000 usd
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CY2023Q4 sgmo Cash Equivalents And Available For Sale Securities Amortized Cost Current
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CY2023Q4 sgmo Cash Equivalents And Available For Sale Securities Gross Unrealized Loss Before Tax
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7000 usd
CY2023Q4 sgmo Cash Equivalents And Available For Sale Securities Current
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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10855000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
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CY2024Q2 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
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CY2023Q2 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
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us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded
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us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded
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CY2023Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecorded
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CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
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CY2024Q2 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
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CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
53100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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356000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023 us-gaap Goodwill Impairment Loss
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38100000 usd
CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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51400000 usd
CY2023 sgmo Effective Income Tax Rate Reconciliation Reduction In Deferred Tax Liabilities Amount
EffectiveIncomeTaxRateReconciliationReductionInDeferredTaxLiabilitiesAmount
6300000 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
65500000 usd
CY2024Q1 us-gaap Property Plant And Equipment Fair Value Disclosure
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1000000 usd
CY2024Q1 us-gaap Operating Lease Impairment Loss
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CY2024Q1 us-gaap Impairment Of Leasehold
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500000 usd
CY2024Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
900000 usd
CY2024Q2 us-gaap Impairment Of Leasehold
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100000 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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100000 usd
CY2023Q1 us-gaap Goodwill Impairment Loss
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38100000 usd
CY2023Q1 us-gaap Operating Lease Impairment Loss
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11200000 usd
CY2023Q1 us-gaap Impairment Of Leasehold
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us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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51300000 usd
CY2023Q2 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
51300000 usd
sgmo Effective Income Tax Rate Reconciliation Reduction In Deferred Tax Liabilities Amount
EffectiveIncomeTaxRateReconciliationReductionInDeferredTaxLiabilitiesAmount
6300000 usd
CY2023Q2 sgmo Effective Income Tax Rate Reconciliation Reduction In Deferred Tax Liabilities Amount
EffectiveIncomeTaxRateReconciliationReductionInDeferredTaxLiabilitiesAmount
6300000 usd
CY2024Q1 sgmo Lessee Operating Lease Required Notice Of Termination
LesseeOperatingLeaseRequiredNoticeOfTermination
P30D
CY2024Q1 sgmo Lessee Required Letter Of Credit Outstanding Amount
LesseeRequiredLetterOfCreditOutstandingAmount
1500000 usd
CY2024Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.096
CY2024Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1900000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3065000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6790000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5784000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15067000 usd
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
960000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
640000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
11733000 usd
us-gaap Restructuring Charges
RestructuringCharges
2784000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
9472000 usd
CY2024Q2 us-gaap Restructuring Reserve
RestructuringReserve
5045000 usd

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