2022 Q1 Form 10-Q Financial Statement
#000156459022019671 Filed on May 12, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
Revenue | $244.0K | $0.00 |
YoY Change | -100.0% | |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $4.271M | $3.850M |
YoY Change | 10.94% | 0.79% |
% of Gross Profit | ||
Research & Development | $11.74M | $11.18M |
YoY Change | 4.99% | -11.81% |
% of Gross Profit | ||
Depreciation & Amortization | $601.0K | $630.0K |
YoY Change | -4.6% | -5.55% |
% of Gross Profit | ||
Operating Expenses | $11.74M | $15.03M |
YoY Change | -21.9% | -8.9% |
Operating Profit | -$15.77M | |
YoY Change | ||
Interest Expense | $66.00K | $60.00K |
YoY Change | 10.0% | -89.47% |
% of Operating Profit | ||
Other Income/Expense, Net | $68.00K | $60.00K |
YoY Change | 13.33% | -89.47% |
Pretax Income | -$15.70M | -$14.97M |
YoY Change | 4.86% | -5.43% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$15.70M | -$14.97M |
YoY Change | 4.85% | -5.41% |
Net Earnings / Revenue | -6433.2% | |
Basic Earnings Per Share | -$0.22 | |
Diluted Earnings Per Share | -$218.1K | -$360.3K |
COMMON SHARES | ||
Basic Shares Outstanding | 71.97M | |
Diluted Shares Outstanding | 71.97M |
Balance Sheet
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $120.5M | $94.35M |
YoY Change | 27.73% | -17.38% |
Cash & Equivalents | $21.95M | $26.70M |
Short-Term Investments | $99.67M | $67.65M |
Other Short-Term Assets | $3.900M | $6.800M |
YoY Change | -42.65% | -48.48% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $124.4M | $101.2M |
YoY Change | 22.95% | -20.57% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $23.98M | $10.17M |
YoY Change | 135.65% | -65.51% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $0.00 | |
YoY Change | ||
Other Assets | $10.92M | $4.000K |
YoY Change | 272800.0% | -99.97% |
Total Long-Term Assets | $34.89M | $34.55M |
YoY Change | 0.99% | -20.94% |
TOTAL ASSETS | ||
Total Short-Term Assets | $124.4M | $101.2M |
Total Long-Term Assets | $34.89M | $34.55M |
Total Assets | $159.3M | $135.7M |
YoY Change | 17.36% | -20.66% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.409M | $1.563M |
YoY Change | 54.13% | -8.06% |
Accrued Expenses | $6.929M | $2.802M |
YoY Change | 147.29% | -37.73% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $12.00K | $0.00 |
YoY Change | -100.0% | |
Total Short-Term Liabilities | $9.664M | $6.986M |
YoY Change | 38.33% | 2.74% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $15.00K | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $17.34M | $131.0K |
YoY Change | 13133.59% | -99.41% |
Total Long-Term Liabilities | $17.35M | $19.71M |
YoY Change | -11.96% | -11.22% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $9.664M | $6.986M |
Total Long-Term Liabilities | $17.35M | $19.71M |
Total Liabilities | $27.02M | $26.70M |
YoY Change | 1.2% | -7.95% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$306.6M | -$245.3M |
YoY Change | 24.99% | |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $132.3M | $109.1M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $159.3M | $135.7M |
YoY Change | 17.4% | -20.69% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$15.70M | -$14.97M |
YoY Change | 4.85% | -5.41% |
Depreciation, Depletion And Amortization | $601.0K | $630.0K |
YoY Change | -4.6% | -5.55% |
Cash From Operating Activities | -$15.48M | -$13.98M |
YoY Change | 10.74% | 12.0% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $477.0K | $21.00K |
YoY Change | 2171.43% | -92.11% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $20.24M | $180.0K |
YoY Change | 11141.67% | -97.04% |
Cash From Investing Activities | $19.76M | $154.0K |
YoY Change | 12729.87% | -97.35% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 132.0K | 8.019M |
YoY Change | -98.35% | -11721.74% |
NET CHANGE | ||
Cash From Operating Activities | -15.48M | -13.98M |
Cash From Investing Activities | 19.76M | 154.0K |
Cash From Financing Activities | 132.0K | 8.019M |
Net Change In Cash | 4.413M | -5.803M |
YoY Change | -176.05% | -13.79% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$15.48M | -$13.98M |
Capital Expenditures | $477.0K | $21.00K |
Free Cash Flow | -$15.95M | -$14.00M |
YoY Change | 13.98% | 9.82% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021Q4 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
8041000 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
71969007 | |
CY2021Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
41545050 | |
CY2022Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-300000 | |
CY2021Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-9000 | |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-15997000 | |
CY2021Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-14980000 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
147266000 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
52000 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
83000 | |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
890000 | |
CY2022Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
11738000 | |
CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4271000 | |
CY2021Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3851000 | |
CY2021Q1 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
60000 | |
CY2022Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2000 | |
CY2022Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
68000 | |
CY2021Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
60000 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15697000 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14971000 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.22 | |
CY2021Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.36 | |
CY2022Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-300000 | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
132294000 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
115135000 | |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
33000 | |
CY2021Q1 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
-65000 | |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
877000 | |
CY2021Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-9000 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14971000 | |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
109050000 | |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-15697000 | |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
601000 | |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
890000 | |
CY2022Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
11000 | |
CY2022Q1 | sybx |
Change In Carrying Amount Of Operating Lease Right Of Use Asset
ChangeInCarryingAmountOfOperatingLeaseRightOfUseAsset
|
769000 | |
CY2021Q1 | sybx |
Change In Carrying Amount Of Operating Lease Right Of Use Asset
ChangeInCarryingAmountOfOperatingLeaseRightOfUseAsset
|
462000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-821000 | |
CY2022Q1 | sybx |
Increase Decrease In Prepaid Research And Development Net Of Current Portion
IncreaseDecreaseInPrepaidResearchAndDevelopmentNetOfCurrentPortion
|
-488000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1387000 | |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1408000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-217000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-739000 | |
CY2021Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-606000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
19000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-15477000 | |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-13976000 | |
CY2022Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
12121000 | |
CY2021Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
27091000 | |
CY2022Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
32356000 | |
CY2021Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
25996000 | |
CY2021Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
1270000 | |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
477000 | |
CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
21000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
19758000 | |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
154000 | |
CY2022Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
3000 | |
CY2021Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1000 | |
CY2022Q1 | sybx |
Proceeds From Employee Stock Purchases And Exercise Of Stock Options
ProceedsFromEmployeeStockPurchasesAndExerciseOfStockOptions
|
135000 | |
CY2021Q1 | sybx |
Proceeds From Employee Stock Purchases And Exercise Of Stock Options
ProceedsFromEmployeeStockPurchasesAndExerciseOfStockOptions
|
33000 | |
CY2021Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
65000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
132000 | |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
8019000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
4413000 | |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-5803000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
17535000 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
33604000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
21948000 | |
CY2022Q1 | sybx |
Assets Acquired Under Operating Lease Obligation
AssetsAcquiredUnderOperatingLeaseObligation
|
1773000 | |
CY2022Q1 | sybx |
Noncash Purchase Of Property Plant And Equipment In Accounts Payable And Accrued Liabilities Adjustments
NoncashPurchaseOfPropertyPlantAndEquipmentInAccountsPayableAndAccruedLiabilitiesAdjustments
|
118000 | |
CY2021Q1 | sybx |
Noncash Purchase Of Property Plant And Equipment In Accounts Payable And Accrued Liabilities Adjustments
NoncashPurchaseOfPropertyPlantAndEquipmentInAccountsPayableAndAccruedLiabilitiesAdjustments
|
3000 | |
CY2021Q1 | sybx |
Issuance Costs Included In Accounts Payable And Accrued Expenses
IssuanceCostsIncludedInAccountsPayableAndAccruedExpenses
|
2000 | |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
120500000 | |
CY2022Q1 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
1100000 | |
CY2022Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-306600000 | |
CY2022Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
345000 | |
CY2021Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
120236000 | |
CY2021Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
8000 | |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
890000 | |
CY2022Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
4827542 | |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
890000 | |
CY2021Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
877000 | |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
877000 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
2342899 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.99 | |
CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
7500000 | |
CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y10M24D |