2020 Q1 Form 10-Q Financial Statement

#000145983920000047 Filed on May 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $16.82M $14.99M
YoY Change 12.21% 17.93%
Cost Of Revenue $1.932M $1.526M
YoY Change 26.61% 45.61%
Gross Profit $14.89M $13.47M
YoY Change 10.58% 15.44%
Gross Profit Margin 88.51% 89.82%
Selling, General & Admin $24.68M $20.58M
YoY Change 19.92% 53.88%
% of Gross Profit 165.77% 152.85%
Research & Development $2.090M $1.683M
YoY Change 24.18% 39.55%
% of Gross Profit 14.04% 12.5%
Depreciation & Amortization $249.0K $193.0K
YoY Change 29.02% 14.88%
% of Gross Profit 1.67% 1.43%
Operating Expenses $26.77M $22.26M
YoY Change 20.24% 52.69%
Operating Profit -$11.88M -$8.799M
YoY Change 35.04% 201.65%
Interest Expense $1.231M $1.230M
YoY Change 0.08% -3.53%
% of Operating Profit
Other Income/Expense, Net -$157.0K -$60.00K
YoY Change 161.67% -15.49%
Pretax Income -$12.77M -$9.350M
YoY Change 36.58% 122.62%
Income Tax
% Of Pretax Income
Net Earnings -$12.77M -$9.345M
YoY Change 36.67% 122.45%
Net Earnings / Revenue -75.93% -62.34%
Basic Earnings Per Share
Diluted Earnings Per Share -$468.6K -$383.4K
COMMON SHARES
Basic Shares Outstanding 28.38M shares 24.46M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.9M $115.3M
YoY Change 25.71%
Cash & Equivalents $67.57M $12.56M
Short-Term Investments $77.37M $102.7M
Other Short-Term Assets $1.900M $2.200M
YoY Change -13.64%
Inventory $5.726M $3.516M
Prepaid Expenses
Receivables $9.361M $8.411M
Other Receivables $0.00 $0.00
Total Short-Term Assets $162.0M $129.4M
YoY Change 25.17%
LONG-TERM ASSETS
Property, Plant & Equipment $4.269M $2.336M
YoY Change 82.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.300M
YoY Change
Other Assets $312.0K $321.0K
YoY Change -2.8%
Total Long-Term Assets $5.855M $2.657M
YoY Change 120.36%
TOTAL ASSETS
Total Short-Term Assets $162.0M $129.4M
Total Long-Term Assets $5.855M $2.657M
Total Assets $167.8M $132.1M
YoY Change 27.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.577M $2.811M
YoY Change -8.32%
Accrued Expenses $9.284M $7.097M
YoY Change 30.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.731M
YoY Change
Total Short-Term Liabilities $20.59M $9.908M
YoY Change 107.83%
LONG-TERM LIABILITIES
Long-Term Debt $30.56M $39.03M
YoY Change -21.7%
Other Long-Term Liabilities $400.0K $363.0K
YoY Change 10.19%
Total Long-Term Liabilities $30.96M $39.39M
YoY Change -21.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.59M $9.908M
Total Long-Term Liabilities $30.96M $39.39M
Total Liabilities $51.55M $49.30M
YoY Change 4.56%
SHAREHOLDERS EQUITY
Retained Earnings -$208.4M -$166.5M
YoY Change 25.12%
Common Stock $3.000K $3.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $116.3M $82.76M
YoY Change
Total Liabilities & Shareholders Equity $167.8M $132.1M
YoY Change 27.08%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$12.77M -$9.345M
YoY Change 36.67% 122.45%
Depreciation, Depletion And Amortization $249.0K $193.0K
YoY Change 29.02% 14.88%
Cash From Operating Activities -$9.355M -$7.078M
YoY Change 32.17% 60.46%
INVESTING ACTIVITIES
Capital Expenditures $884.0K $412.0K
YoY Change 114.56% 88.99%
Acquisitions
YoY Change
Other Investing Activities $4.220M -$5.140M
YoY Change -182.1%
Cash From Investing Activities $3.339M -$5.553M
YoY Change -160.13% 2447.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $62.98M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $63.15M $125.0K
YoY Change 50421.6% 525.0%
NET CHANGE
Cash From Operating Activities -$9.355M -$7.078M
Cash From Investing Activities $3.339M -$5.553M
Cash From Financing Activities $63.15M $125.0K
Net Change In Cash $57.13M -$12.56M
YoY Change -554.92% 172.08%
FREE CASH FLOW
Cash From Operating Activities -$9.355M -$7.078M
Capital Expenditures $884.0K $412.0K
Free Cash Flow -$10.24M -$7.490M
YoY Change 36.7% 61.81%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
67568000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12561000 USD
CY2020Q1 sibn Vesting Of Early Exercised Stock Options
VestingOfEarlyExercisedStockOptions
27000 USD
CY2019Q1 sibn Vesting Of Early Exercised Stock Options
VestingOfEarlyExercisedStockOptions
66000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
52000 USD
CY2019Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
140000 USD
CY2020Q1 sibn Initial Public Offering Costs Incurred But Not Yet Paid
InitialPublicOfferingCostsIncurredButNotYetPaid
0 USD
CY2019Q1 sibn Initial Public Offering Costs Incurred But Not Yet Paid
InitialPublicOfferingCostsIncurredButNotYetPaid
167000 USD
CY2020Q1 us-gaap Nature Of Operations
NatureOfOperations
The Company and Nature of Business<div style="text-indent:24.75pt;text-align:justify;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">SI-BONE, Inc. (the “Company”) was incorporated in the state of Delaware on March 18, 2008 and is headquartered in Santa Clara, California. The Company is a medical device company that has pioneered a proprietary minimally invasive surgical implant system to fuse the sacroiliac joint for treatment of the most common types of sacroiliac joint disorders that cause lower back pain. The Company introduced its primary product, the iFuse Implant System, or iFuse, in 2009 in the U.S., in 2010 in certain countries in the European Union, and in 2015 in certain countries in the rest of the world.</span></div><div style="text-indent:24.75pt;text-align:justify;margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In October 2018, the Company completed its initial public offering ("IPO"), by issuing 8,280,000 shares of common stock, at an offering price of $15.00 per share, for net proceeds of $113.4 million after deducting underwriting discounts and commissions and offering costs. </span></div><div style="text-indent:24.75pt;text-align:justify;margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In January 2020, the Company received $50.3 million of net proceeds, after deducting the underwriting discounts and commissions, from its public offering of 4,300,000 shares of the Company's common stock at a public offering price of $21.50 per share, of which 2,490,053 shares were offered and sold by the Company. Further, in February 2020, the underwriters fully exercised their option to purchase 645,000 shares of the Company's common stock at a public offering price of $21.50 per share for an additional net proceeds of $13.0 million to the Company, after deducting underwriting discounts and commissions. The total public offering costs incurred in connection with the follow-on offering were allocated based on the gross proceeds received by the Company and the other selling shareholders on a pro-rated basis. Public offering cost of $0.4 million allocated to selling of shares by the Company was charged against the gross proceeds received from the follow-on offering. Public offering costs of $0.2 million allocated to selling of shares by the selling shareholders was recognized as transaction costs within general and administrative expenses on the unaudited condensed consolidated statements of operations in the three months ended March 31, 2020.</span></div>
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant accounting estimates and management judgments reflected in the consolidated financial statements include: fair value of assets and liabilities; analysis of the allowance for doubtful accounts; inventory valuation; valuation of deferred tax assets, including related valuation allowances; stock-based compensation; and useful lives of long lived assets. Estimates are based on historical experience, where applicable and other assumptions believed to be reasonable by the management. Actual results could differ from those estimates.
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16821000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14991000 USD
CY2020Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
62194000 USD
CY2020Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
62194000 USD
CY2020Q1 sibn Available For Sale Debt Securities Current Amortized Cost Basis
AvailableForSaleDebtSecuritiesCurrentAmortizedCostBasis
77093000 USD
CY2020Q1 sibn Available For Sale Debt Securities Current Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesCurrentAccumulatedGrossUnrealizedGainBeforeTax
327000 USD
CY2020Q1 sibn Available For Sale Debt Securities Current Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesCurrentAccumulatedGrossUnrealizedLossBeforeTax
47000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
77373000 USD
CY2020Q1 sibn Available For Sale Debt Securities Noncurrent Amortized Cost Basis
AvailableForSaleDebtSecuritiesNoncurrentAmortizedCostBasis
1278000 USD
CY2020Q1 sibn Available For Sale Debt Securities Noncurrent Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesNoncurrentAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2020Q1 sibn Available For Sale Debt Securities Noncurrent Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesNoncurrentAccumulatedGrossUnrealizedLossBeforeTax
4000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
1274000 USD
CY2020Q1 sibn Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
140565000 USD
CY2020Q1 sibn Marketable Securities Accumulated Gross Unrealized Gain Before Tax
MarketableSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
327000 USD
CY2020Q1 sibn Marketable Securities Accumulated Gross Unrealized Loss Before Tax
MarketableSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
51000 USD
CY2020Q1 sibn Marketable Securities Fair Value
MarketableSecuritiesFairValue
140841000 USD
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
5563000 USD
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
5563000 USD
CY2019Q4 sibn Available For Sale Debt Securities Current Amortized Cost Basis
AvailableForSaleDebtSecuritiesCurrentAmortizedCostBasis
81291000 USD
CY2019Q4 sibn Available For Sale Debt Securities Current Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesCurrentAccumulatedGrossUnrealizedGainBeforeTax
58000 USD
CY2019Q4 sibn Available For Sale Debt Securities Current Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesCurrentAccumulatedGrossUnrealizedLossBeforeTax
4000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
81345000 USD
CY2019Q4 sibn Available For Sale Debt Securities Noncurrent Amortized Cost Basis
AvailableForSaleDebtSecuritiesNoncurrentAmortizedCostBasis
1278000 USD
CY2019Q4 sibn Available For Sale Debt Securities Noncurrent Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesNoncurrentAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2019Q4 sibn Available For Sale Debt Securities Noncurrent Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesNoncurrentAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
1278000 USD
CY2019Q4 sibn Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
88132000 USD
CY2019Q4 sibn Marketable Securities Accumulated Gross Unrealized Gain Before Tax
MarketableSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
58000 USD
CY2019Q4 sibn Marketable Securities Accumulated Gross Unrealized Loss Before Tax
MarketableSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4000 USD
CY2019Q4 sibn Marketable Securities Fair Value
MarketableSecuritiesFairValue
88186000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8289000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7749000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4020000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3795000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4269000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3954000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
200000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
200000 USD
CY2020Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4717000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7274000 USD
CY2020Q1 us-gaap Litigation Reserve Current
LitigationReserveCurrent
3200000 USD
CY2019Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
3200000 USD
CY2020Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
571000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
392000 USD
CY2020Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
796000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
739000 USD
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9284000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11605000 USD
CY2020Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
300000 USD
CY2019Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
300000 USD
CY2020Q1 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
850000 USD
CY2020Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1024000 USD
CY2020Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
952000 USD
CY2020Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
866000 USD
CY2020Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
867000 USD
CY2020Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
363000 USD
CY2020Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
4922000 USD
CY2020Q1 us-gaap Purchase Obligation
PurchaseObligation
200000 USD
CY2019Q4 us-gaap Purchase Obligation
PurchaseObligation
400000 USD
CY2019Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
3200000 USD
CY2020Q1 us-gaap Litigation Reserve Current
LitigationReserveCurrent
3200000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
40000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
40000000 USD
CY2020Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
712000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
777000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
39288000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
39223000 USD
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
8731000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4358000 USD
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
30557000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
34865000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
4444000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
17778000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
17778000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
40000000 USD
CY2020Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
712000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
39288000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2718971 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.02
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
26236 shares
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
17.31
CY2020Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
43334 shares
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.03
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
1319 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
12.87
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2700554 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.17
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
5000000.0 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.37
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.40
CY2020Q1 sibn Share Based Compensation Arrangement By Share Based Payment Award Options Early Exercise Common Stock Subject To Repurchase
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsEarlyExerciseCommonStockSubjectToRepurchase
15567 shares
CY2019Q4 sibn Share Based Compensation Arrangement By Share Based Payment Award Options Early Exercise Common Stock Subject To Repurchase
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsEarlyExerciseCommonStockSubjectToRepurchase
21404 shares
CY2020Q1 sibn Liability For Early Exercise Of Options Current
LiabilityForEarlyExerciseOfOptionsCurrent
100000 USD
CY2019Q4 sibn Liability For Early Exercise Of Options Current
LiabilityForEarlyExerciseOfOptionsCurrent
100000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2622000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1871000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-12772000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-9345000 USD
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
27252409 shares
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24390648 shares
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.47
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.38
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4241896 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3756114 shares

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