$SVRA
Savara Inc

2015 Q2 Form 10-Q Financial Statement

#000156459015007108 Filed on August 12, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.410M $2.370M
YoY Change 1.69% 12.86%
% of Gross Profit
Research & Development $7.730M $4.820M
YoY Change 60.37% 69.91%
% of Gross Profit
Depreciation & Amortization $40.00K $20.00K
YoY Change 100.0% 100.0%
% of Gross Profit
Operating Expenses $2.410M $7.202M
YoY Change -66.54% 45.39%
Operating Profit -$10.18M -$7.202M
YoY Change 41.36% 45.41%
Interest Expense $30.00K $20.00K
YoY Change 50.0% 100.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $33.00K
YoY Change -100.0% 2715.7%
Pretax Income -$10.15M -$7.150M
YoY Change 41.96% 44.74%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$10.15M -$7.152M
YoY Change 41.93% 44.75%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$4.375M -$4.333M
COMMON SHARES
Basic Shares Outstanding 114.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.40M $46.40M
YoY Change -6.47% -13.11%
Cash & Equivalents $21.21M $26.37M
Short-Term Investments $22.20M $20.10M
Other Short-Term Assets $1.400M $1.100M
YoY Change 27.27% 57.14%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $44.80M $47.56M
YoY Change -5.81% -12.08%
LONG-TERM ASSETS
Property, Plant & Equipment $200.0K $186.3K
YoY Change 7.33% 86.35%
Goodwill $3.007M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K $63.50K
YoY Change 214.98% -99.04%
Total Long-Term Assets $12.00M $11.81M
YoY Change 1.65% 21.71%
TOTAL ASSETS
Total Short-Term Assets $44.80M $47.56M
Total Long-Term Assets $12.00M $11.81M
Total Assets $56.80M $59.37M
YoY Change -4.33% -6.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.000M $1.226M
YoY Change 63.09% 22.63%
Accrued Expenses $8.800M $3.479M
YoY Change 152.96% 44.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.80M $5.745M
YoY Change 87.99% 74.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $10.80M $5.745M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $14.20M $9.149M
YoY Change 55.21% 55.06%
SHAREHOLDERS EQUITY
Retained Earnings -$220.0M
YoY Change
Common Stock $270.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $42.50M $50.22M
YoY Change
Total Liabilities & Shareholders Equity $56.80M $59.37M
YoY Change -4.33% -6.94%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$10.15M -$7.152M
YoY Change 41.93% 44.75%
Depreciation, Depletion And Amortization $40.00K $20.00K
YoY Change 100.0% 100.0%
Cash From Operating Activities -$8.530M -$6.990M
YoY Change 22.03% 49.68%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$100.0K
YoY Change -80.0% 400.0%
Acquisitions
YoY Change
Other Investing Activities -$200.0K -$290.0K
YoY Change -31.03% -113.55%
Cash From Investing Activities -$220.0K -$390.0K
YoY Change -43.59% -118.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.040M 3.900M
YoY Change -47.69% -85.06%
NET CHANGE
Cash From Operating Activities -8.530M -6.990M
Cash From Investing Activities -220.0K -390.0K
Cash From Financing Activities 2.040M 3.900M
Net Change In Cash -6.710M -3.480M
YoY Change 92.82% -114.76%
FREE CASH FLOW
Cash From Operating Activities -$8.530M -$6.990M
Capital Expenditures -$20.00K -$100.0K
Free Cash Flow -$8.510M -$6.890M
YoY Change 23.51% 48.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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EarningsPerShareBasicAndDiluted
-0.06
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-7152000
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
9000
mstx Transaction Related Expense Income Net
TransactionRelatedExpenseIncomeNet
269000
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
33000
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7144000
us-gaap Business Combination Bargain Purchase Gain Recognized Amount
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486000
us-gaap Share Based Compensation
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1578000
us-gaap Share Based Compensation
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824000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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124000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-89000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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2364000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-201000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-15882000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
595000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
11879000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-13262000
mstx Purchase Of Certificate Of Deposits
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7986000
mstx Purchase Of Certificate Of Deposits
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7981000
mstx Maturity Of Certificate Of Deposits
MaturityOfCertificateOfDeposits
7337000
mstx Maturity Of Certificate Of Deposits
MaturityOfCertificateOfDeposits
6626000
us-gaap Payments To Acquire Property Plant And Equipment
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91000
us-gaap Payments To Acquire Property Plant And Equipment
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109000
us-gaap Cash Acquired From Acquisition
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3534000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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2070000
us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Repayments Of Debt And Capital Lease Obligations
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CY2015Q2 mstx Percentage Of Available For Sale Securities Noncurrent
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CY2015Q2 us-gaap Investment Owned At Cost
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CY2014Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
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795000
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1864000
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3756000
CY2015Q2 us-gaap Intangible Assets Net Including Goodwill
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11556000
CY2015Q2 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
5600000
CY2014Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
21506000
CY2014 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
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CY2015Q2 us-gaap Capital Lease Obligations
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us-gaap Lease Expiration Date1
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CY2015Q2 us-gaap Share Based Compensation
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CY2014Q2 us-gaap Share Based Compensation
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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P3Y2M12D
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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3270000
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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us-gaap Unrealized Gain Loss On Investments
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CY2014Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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mstx Description Of Fixed Combination Of Shares And Warrant Offered And Sold To Public
DescriptionOfFixedCombinationOfSharesAndWarrantOfferedAndSoldToPublic
These securities were offered and sold to the underwriters and the public in units with each Series A unit consisting of one share of our common stock and one-half (0.5) of a warrant and each Series B unit consisting of one pre-funded warrant and one-half (0.5) of a warrant.
CY2014Q4 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
21000000
CY2014Q4 us-gaap Proceeds From Warrant Exercises
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ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable
2019-11-12
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CY2011Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2015Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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CY2015Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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CY2015Q3 us-gaap Class Of Warrant Or Righst Date From Which Warrants Or Rights Exercisable
ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable
2020-08-11

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