2020 Q1 Form 10-K Financial Statement
#000156459020010890 Filed on March 16, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q4 | 2019 Q3 |
---|---|---|---|
Revenue | $7.152M | $11.31M | $12.28M |
YoY Change | -17.12% | -40.77% | 56.67% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $8.710M | $8.700M | $8.120M |
YoY Change | 12.82% | 14.93% | 51.78% |
% of Gross Profit | |||
Research & Development | $17.62M | $17.39M | $16.90M |
YoY Change | 16.07% | 17.58% | 33.66% |
% of Gross Profit | |||
Depreciation & Amortization | $1.099M | $1.220M | $1.230M |
YoY Change | -3.34% | 7.02% | 10.81% |
% of Gross Profit | |||
Operating Expenses | $17.62M | $26.09M | $25.01M |
YoY Change | -23.04% | 16.68% | 39.01% |
Operating Profit | -$12.74M | ||
YoY Change | 25.38% | ||
Interest Expense | -$420.0K | -$10.00K | -$180.0K |
YoY Change | -2200.0% | -101.41% | -143.37% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$19.60M | -$14.79M | -$12.91M |
YoY Change | 37.54% | 892.62% | 26.07% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$19.60M | -$14.79M | -$12.91M |
YoY Change | 37.51% | 890.56% | 26.13% |
Net Earnings / Revenue | -273.98% | -130.82% | -105.17% |
Basic Earnings Per Share | -$0.84 | -$0.56 | |
Diluted Earnings Per Share | -$0.84 | -$640.5K | -$0.56 |
COMMON SHARES | |||
Basic Shares Outstanding | 23.10M | 22.95M | |
Diluted Shares Outstanding | 22.95M |
Balance Sheet
Concept | 2020 Q1 | 2019 Q4 | 2019 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $115.4M | $117.9M | $125.2M |
YoY Change | -32.36% | -42.35% | 1.79% |
Cash & Equivalents | $43.57M | $4.960M | $11.95M |
Short-Term Investments | $71.80M | $112.9M | $113.2M |
Other Short-Term Assets | $3.000M | $4.400M | $2.900M |
YoY Change | 15.38% | 46.67% | 45.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $9.100M | $6.298M | $7.531M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $127.5M | $128.6M | $135.6M |
YoY Change | -27.76% | -38.76% | 6.43% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $9.500M | $9.633M | $8.522M |
YoY Change | -4.04% | -11.9% | -26.99% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $14.20M | $15.60M | $25.20M |
YoY Change | 3.65% | ||
Other Assets | $2.700M | $2.545M | $2.351M |
YoY Change | 20.81% | 13.41% | -60.59% |
Total Long-Term Assets | $26.40M | $27.80M | $36.11M |
YoY Change | 1.7% | 110.73% | 104.55% |
TOTAL ASSETS | |||
Total Short-Term Assets | $127.5M | $128.6M | $135.6M |
Total Long-Term Assets | $26.40M | $27.80M | $36.11M |
Total Assets | $153.9M | $156.4M | $171.7M |
YoY Change | -23.98% | -29.92% | 18.38% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.800M | $5.584M | $4.549M |
YoY Change | 70.84% | 82.42% | -0.98% |
Accrued Expenses | $2.900M | $6.017M | $4.628M |
YoY Change | 15.91% | -3.22% | 13.29% |
Deferred Revenue | $19.47M | $20.25M | |
YoY Change | -9.78% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | $1.000M | $5.800M |
YoY Change | -100.0% | -78.72% | 81.25% |
Total Short-Term Liabilities | $32.00M | $32.97M | $35.86M |
YoY Change | 2.79% | -9.49% | -2.83% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $24.20M | $8.876M | $5.500M |
YoY Change | 184.71% | -11.24% | -52.17% |
Other Long-Term Liabilities | $15.60M | $134.0K | $129.0K |
YoY Change | -51.4% | 31.37% | -80.57% |
Total Long-Term Liabilities | $39.80M | $9.010M | $5.629M |
YoY Change | -1.97% | -10.81% | -53.72% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $32.00M | $32.97M | $35.86M |
Total Long-Term Liabilities | $39.80M | $9.010M | $5.629M |
Total Liabilities | $71.80M | $58.58M | $61.77M |
YoY Change | 0.14% | -36.05% | -37.74% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$215.3M | -$195.7M | -$181.0M |
YoY Change | 39.58% | 30.21% | 21.58% |
Common Stock | $297.4M | $293.4M | $290.6M |
YoY Change | 4.38% | 4.06% | 3812.75% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $82.09M | $97.79M | $109.9M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $153.9M | $156.4M | $171.7M |
YoY Change | -24.0% | -29.92% | 18.38% |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q4 | 2019 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$19.60M | -$14.79M | -$12.91M |
YoY Change | 37.51% | 890.56% | 26.13% |
Depreciation, Depletion And Amortization | $1.099M | $1.220M | $1.230M |
YoY Change | -3.34% | 7.02% | 10.81% |
Cash From Operating Activities | -$18.73M | -$13.15M | -$16.12M |
YoY Change | -7.0% | 121.38% | -133.88% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $763.0K | -$2.050M | -$660.0K |
YoY Change | 176.45% | 156.25% | 83.33% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $42.40M | $9.990M | $10.48M |
YoY Change | -154.5% | 253.0% | -112.87% |
Cash From Investing Activities | $41.64M | $7.940M | $9.820M |
YoY Change | -153.33% | 291.13% | -112.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 15.70M | -1.780M | -1.120M |
YoY Change | -3528.38% | -102.03% | -102.23% |
NET CHANGE | |||
Cash From Operating Activities | -18.73M | -13.15M | -16.12M |
Cash From Investing Activities | 41.64M | 7.940M | 9.820M |
Cash From Financing Activities | 15.70M | -1.780M | -1.120M |
Net Change In Cash | 38.61M | -6.990M | -7.420M |
YoY Change | -139.12% | -108.33% | -146.58% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$18.73M | -$13.15M | -$16.12M |
Capital Expenditures | $763.0K | -$2.050M | -$660.0K |
Free Cash Flow | -$19.50M | -$11.10M | -$15.46M |
YoY Change | -4.52% | 115.95% | -132.25% |
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187244000 | |
CY2018 | stro |
Stock Issued During Period Value Preferred Stock Warrants Exercised Value
StockIssuedDuringPeriodValuePreferredStockWarrantsExercisedValue
|
268000 | |
CY2018 | stro |
Stock Issued During Period Value Stock Options And Warrants Exercised
StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised
|
134000 | |
CY2018 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
74436000 | |
CY2018 | stro |
Stock Issued During Period Value With Private Placement
StockIssuedDuringPeriodValueWithPrivatePlacement
|
10000000 | |
CY2018 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2872000 | |
CY2018 | stro |
Adjustments To Additional Paid In Capital Vesting Of Early Exercise Of Shares
AdjustmentsToAdditionalPaidInCapitalVestingOfEarlyExerciseOfShares
|
8000 | |
CY2018 | stro |
Payment Of Note Receivable By Stockholder
PaymentOfNoteReceivableByStockholder
|
208000 | |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
131539000 | |
CY2019 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
180000 | |
CY2019 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
1260000 | |
CY2019 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
297000 | |
CY2019 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
10312000 | |
CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
-55744000 | |
CY2018 | us-gaap |
Profit Loss
ProfitLoss
|
-35317000 | |
CY2017 | us-gaap |
Profit Loss
ProfitLoss
|
-19688000 | |
CY2019 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4777000 | |
CY2018 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4539000 | |
CY2017 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4990000 | |
CY2019 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
1457000 | |
CY2018 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
527000 | |
CY2017 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-106000 | |
CY2019 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10312000 | |
CY2018 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2872000 | |
CY2017 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1391000 | |
CY2018 | stro |
Revaluation Of Redeemable Convertible Preferred Stock Warrant Liability
RevaluationOfRedeemableConvertiblePreferredStockWarrantLiability
|
-973000 | |
CY2017 | stro |
Revaluation Of Redeemable Convertible Preferred Stock Warrant Liability
RevaluationOfRedeemableConvertiblePreferredStockWarrantLiability
|
186000 | |
CY2019 | us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
115000 | |
CY2018 | us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
854000 | |
CY2019 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-275000 | |
CY2019 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-193000 | |
CY2018 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-337000 | |
CY2017 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-103000 | |
CY2017 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
2742000 | |
CY2019 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3809000 | |
CY2017 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1047000 | |
CY2019 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1441000 | |
CY2018 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2220000 | |
CY2017 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
354000 | |
CY2019 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2253000 | |
CY2018 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
209000 | |
CY2019 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-200000 | |
CY2017 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
-86000 | |
CY2018 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
42305000 | |
CY2017 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-25566000 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-65023000 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
12683000 | |
CY2017 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-37073000 | |
CY2019 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
196226000 | |
CY2018 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
81463000 | |
CY2017 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
14220000 | |
CY2019 | stro |
Proceeds From Maturities Of Marketable Securities
ProceedsFromMaturitiesOfMarketableSecurities
|
128576000 | |
CY2018 | stro |
Proceeds From Maturities Of Marketable Securities
ProceedsFromMaturitiesOfMarketableSecurities
|
2750000 | |
CY2017 | stro |
Proceeds From Maturities Of Marketable Securities
ProceedsFromMaturitiesOfMarketableSecurities
|
34850000 | |
CY2019 | stro |
Proceeds From Sales Of Marketable Securities
ProceedsFromSalesOfMarketableSecurities
|
20000000 | |
CY2017 | stro |
Proceeds From Sales Of Marketable Securities
ProceedsFromSalesOfMarketableSecurities
|
15208000 | |
CY2019 | stro |
Payments To Acquire Equipment And Leasehold Improvements
PaymentsToAcquireEquipmentAndLeaseholdImprovements
|
3481000 | |
CY2018 | stro |
Payments To Acquire Equipment And Leasehold Improvements
PaymentsToAcquireEquipmentAndLeaseholdImprovements
|
1557000 | |
CY2017 | stro |
Payments To Acquire Equipment And Leasehold Improvements
PaymentsToAcquireEquipmentAndLeaseholdImprovements
|
3316000 | |
CY2018 | stro |
Proceeds From Exercise Of Options For Sutrovax Shares
ProceedsFromExerciseOfOptionsForSutrovaxShares
|
80000 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-51131000 | |
CY2019 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
5000000 | |
CY2017 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
15000000 | |
CY2017 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
170000 | |
CY2019 | stro |
Proceeds From Issuance Of Common Stock Options And Common Stock Warrants
ProceedsFromIssuanceOfCommonStockOptionsAndCommonStockWarrants
|
180000 | |
CY2018 | stro |
Proceeds From Issuance Of Common Stock Options And Common Stock Warrants
ProceedsFromIssuanceOfCommonStockOptionsAndCommonStockWarrants
|
134000 | |
CY2017 | stro |
Proceeds From Issuance Of Common Stock Options And Common Stock Warrants
ProceedsFromIssuanceOfCommonStockOptionsAndCommonStockWarrants
|
95000 | |
CY2019 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
297000 | |
CY2018 | us-gaap |
Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
|
84739000 | |
CY2018 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
74436000 | |
CY2019 | stro |
Payment Of Offering Costs
PaymentOfOfferingCosts
|
327000 | |
CY2017 | stro |
Payment Of Offering Costs
PaymentOfOfferingCosts
|
286000 | |
CY2018 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
10000000 | |
CY2018 | stro |
Proceeds From Preferred Stock Warrants Exercises
ProceedsFromPreferredStockWarrantsExercises
|
268000 | |
CY2018 | stro |
Proceeds From A Research Development And Commercialization Agreement
ProceedsFromAResearchDevelopmentAndCommercializationAgreement
|
1000000 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4184000 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
170785000 | |
CY2019 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-120338000 | |
CY2017Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
15000 | |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
22035000 | |
CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-195700000 | |
CY2019Q4 | stro |
Unrestricted Cash Cash Equivalents And Marketable Securities At Carrying Value
UnrestrictedCashCashEquivalentsAndMarketableSecuritiesAtCarryingValue
|
133500000 | |
CY2019Q4 | us-gaap |
Liabilities
Liabilities
|
58581000 | |
CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-195745000 | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
125313000 | |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
22035000 | |
CY2019 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1049000 | |
CY2018 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1275000 | |
CY2017 | us-gaap |
Interest Paid Net
InterestPaidNet
|
479000 | |
CY2019 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
270000 | |
CY2018 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
205000 | |
CY2017 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
255000 | |
CY2017 | stro |
Offering Costs Included In Accounts Payable
OfferingCostsIncludedInAccountsPayable
|
259000 | |
CY2019 | stro |
Embedded Interest Associated With Program Fees
EmbeddedInterestAssociatedWithProgramFees
|
3144000 | |
CY2018 | stro |
Vesting Of Early Exercised Shares
VestingOfEarlyExercisedShares
|
8000 | |
CY2017 | stro |
Vesting Of Early Exercised Shares
VestingOfEarlyExercisedShares
|
86000 | |
CY2018 | stro |
Conversion Of Redeemable Convertible Preferred Stock And Warrants Into Common Stock Upon Ipo Net Of Issuance Costs
ConversionOfRedeemableConvertiblePreferredStockAndWarrantsIntoCommonStockUponIPONetOfIssuanceCosts
|
187244000 | |
CY2018 | stro |
Reclassification Of Redeemable Convertible Preferred Stock Warrant Liability To Equity
ReclassificationOfRedeemableConvertiblePreferredStockWarrantLiabilityToEquity
|
734000 | |
CY2019 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="margin-top:13pt;margin-bottom:0pt;text-indent:2.86%;font-weight:bold;font-family:Arial;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.Organization and Principal Activities</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:2.86%;font-weight:bold;font-style:italic;font-family:Arial;font-size:10pt;text-transform:none;font-variant: normal;">Description of Business </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:3.64%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Sutro Biopharma, Inc. (the “Company”) is a clinical stage drug discovery, development and manufacturing company focused on leveraging its integrated cell-free protein synthesis and site-specific conjugation platform, XpressCF<sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup>, to create a broad variety of optimally designed, next-generation protein therapeutics for cancer and autoimmune disorders. The Company was incorporated on April 21, 2003, and is headquartered in South San Francisco, California. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:3.64%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company operates in one business segment, the development of biopharmaceutical products. <span style="font-size:12pt;"> </span> <span style="font-size:12pt;"> </span></p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:2.86%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Arial;text-transform:none;font-variant: normal;">Liquidity </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:3.64%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company has incurred significant losses and has negative cash flows from operations. As of December 31, 2019, there was an accumulated deficit of $195.7 million. Management expects to continue to incur additional substantial losses in the foreseeable future as a result of the Company’s research and development activities. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:3.64%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of December 31, 2019, the Company had unrestricted cash, cash equivalents and marketable securities of $133.5 million, which is available to fund future operations. The Company will need to raise additional capital to support the completion of its research and development activities and its operations.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:2.86%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On February 28, 2020, the Company entered into a loan and security agreement (the “Loan and Security Agreement”) with Oxford Finance LLC (“Oxford”), as the collateral agent and a lender, and Silicon Valley Bank, as a lender (together with Oxford, the “Lenders”), pursuant to which the Lenders have agreed to lend the Company up to an aggregate of $25.0 million in a series of term loans (the “Term A Loan”). Upon entering into the Loan and Security Agreement, the Company borrowed $25.0 million from the Lenders, with approximately $9.6 million of such amount applied to the repayment of the outstanding principal, interest and final payment fees owed pursuant to a prior loan and security agreement dated August 4, 2017 with the Lenders. Under the terms of the Loan and Security Agreement, the Company may, at its sole discretion, borrow from the Lenders up to an additional $5.0 million upon the closing of a new collaboration agreement that includes an upfront payment of at least $50.0 million to the Company<span style="color:#000000;">, as determined by Oxford in its sole and absolute discretion</span>. The proceeds from the Term Loans under the Loan and Security Agreement may be used to satisfy the Company’s future working capital needs and to fund its general business requirements. Please see an expanded discussion on the Loan and Security Agreement in Note 15 Subsequent Events.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:3.64%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company believes that its unrestricted cash, cash equivalents and marketable securities as of December 31, 2019 will enable the Company to maintain its operation for a period of at least 12 months following the filing date of its financial statements. </p> | |
CY2019 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2003-04-21 | |
CY2019 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
South San Francisco | |
CY2019 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
CA | |
CY2019 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | |
CY2019 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
42700000 | |
CY2018Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
2489000 | |
CY2018Q4 | us-gaap |
Assets Current
AssetsCurrent
|
209946000 | |
CY2018Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
21574000 | |
CY2018Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
44599000 | |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
91600000 | |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-150328000 | |
CY2019Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
19465000 | |
CY2019Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
16195000 | |
CY2019 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
42736000 | |
CY2019 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-4350000 | |
CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
-55744000 | |
CY2019Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
15000 | |
CY2019Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
168000 | |
CY2018Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
15000 | |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4960000 | |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
125298000 | |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
22020000 | |
CY2019Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
15000 | |
CY2018Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
15000 | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4975000 | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
125313000 | |
CY2019 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:2.86%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Arial;text-transform:none;font-variant: normal;">Concentrations of Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:3.64%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Cash and cash equivalents and marketable securities consist of financial instruments that potentially subject the Company to a concentration of credit risk, to the extent of the amounts recorded on the balance sheets. The Company minimizes the amount of credit exposure by investing cash that is not required for immediate operating needs in money market funds, government obligations and/or commercial paper with short maturities. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:3.64%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company regularly reviews the outstanding accounts receivable, including consideration of factors such as the age of the receivable balance. As of December 31, 2019 and 2018, there was no allowance for doubtful accounts deemed necessary. As of December 31, 2019 and 2018, the Company’s accounts receivable balances were entirely attributable to the Company’s collaboration agreements. </p> | |
CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | |
CY2018Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | |
CY2019 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
0 | |
CY2018 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
0 | |
CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
19500000 | |
CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P12M | |
CY2019Q4 | stro |
Convertible Preferred Stock Warrant Liability Fair Value
ConvertiblePreferredStockWarrantLiabilityFairValue
|
100000 | |
CY2019 | stro |
Deemed Dividend
DeemedDividend
|
0 | |
CY2018Q4 | stro |
Convertible Preferred Stock Warrant Liability Fair Value
ConvertiblePreferredStockWarrantLiabilityFairValue
|
100000 | |
CY2018 | stro |
Deemed Dividend
DeemedDividend
|
0 | |
CY2017 | stro |
Deemed Dividend
DeemedDividend
|
0 | |
CY2019Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
131499000 | |
CY2019Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
3000 | |
CY2019Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
131664000 | |
CY2019Q4 | us-gaap |
Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
|
15600000 | |
CY2018Q4 | us-gaap |
Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
|
0 | |
CY2019Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
|
4500000 | |
CY2018Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
|
52600000 | |
CY2019 | us-gaap |
Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
|
0 | |
CY2018 | us-gaap |
Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
|
0 | |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
6966000 | |
CY2019 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
3600000 | |
CY2018 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
3600000 | |
CY2019Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
43481000 | |
CY2019Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
33848000 | |
CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9633000 | |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
10934000 | |
CY2019 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1100000 | |
CY2018 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1600000 | |
CY2017 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
600000 | |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
3771000 | |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
3195000 | |
CY2017 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
2200000 | |
CY2018 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
2300000 | |
CY2017 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
1600000 | |
CY2019 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one vote per share | |
CY2019Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
7357234 | |
CY2018Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
6250381 | |
CY2018Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2018Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2018Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
200000 | |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
200000 | |
CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
100000 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
6.71 | |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
9.48 | |
CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
7.26 | |
CY2019 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
1100000 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.038 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
-0.013 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
-0.005 | |
CY2019 | stro |
Effective Income Tax Rate Reconciliation Asc606 Adoption Percent
EffectiveIncomeTaxRateReconciliationASC606AdoptionPercent
|
-0.039 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.340 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.227 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.047 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.327 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.208 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.049 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.075 | |
CY2019 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
10312000 | |
CY2018 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2872000 | |
CY2017 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1391000 | |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
-0.634 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.020 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.048 | |
CY2019 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | |
CY2018 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
251000 | |
CY2019Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
3783000 | |
CY2018Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
2795000 | |
CY2017Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
2305000 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2019Q4 | stro |
Tax Cuts And Jobs Act Of2017 Change In Deferred Tax Assets And Valuation Allowance
TaxCutsAndJobsActOf2017ChangeInDeferredTaxAssetsAndValuationAllowance
|
-12300000 | |
CY2018 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | |
CY2017 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
31010000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
29296000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
|
20098000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
|
15680000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
|
7680000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
|
3027000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
3718000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
2342000 | |
CY2019Q4 | stro |
Deferred Tax Assets Fixed Assets
DeferredTaxAssetsFixedAssets
|
795000 | |
CY2018Q4 | stro |
Deferred Tax Assets Fixed Assets
DeferredTaxAssetsFixedAssets
|
363000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
63301000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
50708000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
63301000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
50708000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | |
CY2019 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
12600000 | |
CY2018 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
11600000 | |
CY2019 | us-gaap |
Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
|
Events which cause limitations in the amount of net operating losses that the Company may utilize in any one year include, but are not limited to, a cumulative ownership change of more than 50%, as defined, over a three-year testing period. | |
CY2019Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
3800000 | |
CY2018Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
2800000 | |
CY2017Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
2300000 | |
CY2019 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
0 | |
CY2018Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
2795000 | |
CY2017Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
2305000 | |
CY2016Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
1635000 | |
CY2019 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
1005000 | |
CY2018 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
741000 | |
CY2017 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
670000 | |
CY2019 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
17000 | |
CY2018Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1493000 | |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-55744000 | |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-35317000 | |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19688000 | |
CY2019 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
22958577 | |
CY2018 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
5758875 | |
CY2017 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
447946 | |
CY2019 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.43 | |
CY2018 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-6.13 | |
CY2017 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-43.95 | |
CY2019 | stro |
Net Loss Per Share
NetLossPerShare
|
0 | |
CY2018 | stro |
Net Loss Per Share
NetLossPerShare
|
0 | |
CY2017 | stro |
Net Loss Per Share
NetLossPerShare
|
9889 | |
CY2019 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4321697 | |
CY2018 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3524187 | |
CY2017 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5995724 | |
CY2019Q4 | us-gaap |
Revenues
Revenues
|
11305000 | |
CY2019Q3 | us-gaap |
Revenues
Revenues
|
12277000 | |
CY2019Q2 | us-gaap |
Revenues
Revenues
|
10525000 | |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
8629000 | |
CY2019Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14789000 | |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12912000 | |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13793000 | |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14250000 | |
CY2019Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.65 | |
CY2019Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.56 | |
CY2019Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.60 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.62 | |
CY2018Q4 | us-gaap |
Revenues
Revenues
|
19086000 | |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
7836000 | |
CY2018Q2 | us-gaap |
Revenues
Revenues
|
5704000 | |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
5793000 | |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10237000 | |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11541000 | |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12046000 | |
CY2018Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.07 | |
CY2018Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-21.26 | |
CY2018Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-24.17 | |
CY2018Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-25.76 |