$SYBX
SYNLOGIC, INC.

2020 Q1 Form 10-Q Financial Statement

#000156459020023231 Filed on May 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $100.0K $338.0K
YoY Change -70.41% -4.52%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.820M $3.650M
YoY Change 4.66% 0.55%
% of Gross Profit
Research & Development $12.68M $10.38M
YoY Change 22.08% 24.2%
% of Gross Profit
Depreciation & Amortization $667.0K $900.0K
YoY Change -25.89% 32.16%
% of Gross Profit
Operating Expenses $16.50M $14.04M
YoY Change 17.55% 17.06%
Operating Profit -$16.40M -$13.70M
YoY Change 19.72% 17.71%
Interest Expense $570.0K $7.000K
YoY Change 8042.86% -50.0%
% of Operating Profit
Other Income/Expense, Net $570.0K $751.0K
YoY Change -24.1% 59.45%
Pretax Income -$15.83M -$12.95M
YoY Change 22.24% 15.94%
Income Tax
% Of Pretax Income
Net Earnings -$15.83M -$12.95M
YoY Change 22.26% 15.95%
Net Earnings / Revenue -15828.0% -3830.18%
Basic Earnings Per Share
Diluted Earnings Per Share -$462.5K -$512.1K
COMMON SHARES
Basic Shares Outstanding 32.25M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.2M $109.8M
YoY Change 3.97% -12.69%
Cash & Equivalents $20.55M $15.74M
Short-Term Investments $94.80M $94.09M
Other Short-Term Assets $13.20M $1.500M
YoY Change 780.0% -28.57%
Inventory
Prepaid Expenses
Receivables $2.500M
Other Receivables $0.00
Total Short-Term Assets $127.4M $113.8M
YoY Change 11.95% -11.0%
LONG-TERM ASSETS
Property, Plant & Equipment $29.50M $30.00M
YoY Change -1.67% 118.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $14.20M $65.00K
YoY Change 21746.15% -94.09%
Total Long-Term Assets $43.70M $31.20M
YoY Change 40.06% 110.8%
TOTAL ASSETS
Total Short-Term Assets $127.4M $113.8M
Total Long-Term Assets $43.70M $31.20M
Total Assets $171.1M $145.0M
YoY Change 18.0% 1.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.700M $2.379M
YoY Change -28.54% 78.07%
Accrued Expenses $4.500M $3.881M
YoY Change 15.95% -8.4%
Deferred Revenue $1.964M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K $300.0K
YoY Change -66.67% -25.0%
Total Short-Term Liabilities $6.800M $9.867M
YoY Change -31.08% 40.76%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $100.0K
YoY Change -100.0% -75.0%
Other Long-Term Liabilities $22.20M $22.80M
YoY Change -2.63% 250.77%
Total Long-Term Liabilities $22.20M $22.90M
YoY Change -3.06% 232.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.800M $9.867M
Total Long-Term Liabilities $22.20M $22.90M
Total Liabilities $29.00M $32.80M
YoY Change -11.59% 136.07%
SHAREHOLDERS EQUITY
Retained Earnings -$132.7M
YoY Change 60.87%
Common Stock $244.9M
YoY Change 15.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $142.1M $112.2M
YoY Change
Total Liabilities & Shareholders Equity $171.1M $145.0M
YoY Change 18.0% 1.64%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$15.83M -$12.95M
YoY Change 22.26% 15.95%
Depreciation, Depletion And Amortization $667.0K $900.0K
YoY Change -25.89% 32.16%
Cash From Operating Activities -$12.48M -$13.12M
YoY Change -4.87% 0.67%
INVESTING ACTIVITIES
Capital Expenditures $266.0K $261.0K
YoY Change 1.92% -86.29%
Acquisitions
YoY Change
Other Investing Activities $6.080M $17.94M
YoY Change -66.11% -125.64%
Cash From Investing Activities $5.817M $17.68M
YoY Change -67.09% -124.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -69.00K -65.00K
YoY Change 6.15% -100.12%
NET CHANGE
Cash From Operating Activities -12.48M -13.12M
Cash From Investing Activities 5.817M 17.68M
Cash From Financing Activities -69.00K -65.00K
Net Change In Cash -6.731M 4.492M
YoY Change -249.84% -114.37%
FREE CASH FLOW
Cash From Operating Activities -$12.48M -$13.12M
Capital Expenditures $266.0K $261.0K
Free Cash Flow -$12.75M -$13.38M
YoY Change -4.74% -10.42%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
12677000
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3821000
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
16498000
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
570000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-15828000
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.46
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34233688
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-55000
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-15883000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1095000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
124098000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
954000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
112210000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-15828000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-12946000
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
667000
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
683000
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1095000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
954000
CY2020Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
45000
CY2019Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
446000
CY2020Q1 sybx Reduction In Carrying Amount Of Operating Lease Right Of Use Asset
ReductionInCarryingAmountOfOperatingLeaseRightOfUseAsset
420000
CY2019Q1 sybx Reduction In Carrying Amount Of Operating Lease Right Of Use Asset
ReductionInCarryingAmountOfOperatingLeaseRightOfUseAsset
221000
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2500000
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-509000
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-152000
CY2020Q1 sybx Increase Decrease In Prepaid Research And Development Net Of Current Portion
IncreaseDecreaseInPrepaidResearchAndDevelopmentNetOfCurrentPortion
3327000
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2129000
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1084000
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-100000
CY2019Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2161000
CY2020Q1 sybx Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-395000
CY2019Q1 sybx Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-313000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12479000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13118000
CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
14269000
CY2019Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
39346000
CY2020Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
18852000
CY2019Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
57282000
CY2020Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1500000
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
266000
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
261000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5817000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
17675000
CY2020Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
69000
CY2019Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
65000
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-69000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-65000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6731000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4492000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27281000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12349000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20550000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16841000
CY2020Q1 sybx Noncash Purchase Of Property Plant And Equipment In Accounts Payable And Accrued Liabilities Adjustments
NoncashPurchaseOfPropertyPlantAndEquipmentInAccountsPayableAndAccruedLiabilitiesAdjustments
41000
CY2019Q1 sybx Noncash Purchase Of Property Plant And Equipment In Accounts Payable And Accrued Liabilities Adjustments
NoncashPurchaseOfPropertyPlantAndEquipmentInAccountsPayableAndAccruedLiabilitiesAdjustments
-71000
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
3000
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
7000
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6298000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5631000
CY2020Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1034000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2372000
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
954000
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
24800000
CY2020Q1 sybx Other Than Temporary Impairment Losses Investments Number Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossesInvestmentsNumberDebtSecuritiesAvailableForSale
0
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18959000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18652000
CY2020Q1 sybx Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
649000
CY2019Q4 sybx Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
1005000
CY2020Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
489000
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
444000
CY2020Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
155000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
125000
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
6900000
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y4M24D
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1095000
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
100777000
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
104000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
116000
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
49000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4000
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
94796000
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
100889000
CY2020Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
9
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
9
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
0
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
0
CY2020Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
25700000

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0001564590-20-023231-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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sybx-10q_20200331.htm Edgar Link pending
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sybx-20200331_cal.xml Edgar Link unprocessable
sybx-20200331_def.xml Edgar Link unprocessable
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