2023 Q2 Form 10-Q Financial Statement

#000168937523000039 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $18.17M $25.26M $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.169M $7.938M $6.433M
YoY Change 11.39% 23.39%
% of Gross Profit
Research & Development $26.30M $23.10M $15.72M
YoY Change 61.87% 46.98% 152.58%
% of Gross Profit
Depreciation & Amortization $730.0K $500.0K $400.0K
YoY Change 46.0% 25.0% 100.0%
% of Gross Profit
Operating Expenses $34.47M $31.04M $22.15M
YoY Change 46.17% 40.13% 163.92%
Operating Profit -$16.30M -$5.780M -$22.15M
YoY Change -30.88% -73.91% 163.92%
Interest Expense $4.218M $2.657M $480.0K
YoY Change 946.65% 453.54%
% of Operating Profit
Other Income/Expense, Net $4.218M $2.657M $480.0K
YoY Change 946.65% 453.54% 3592.31%
Pretax Income -$12.08M -$3.123M -$21.67M
YoY Change -47.88% -85.59%
Income Tax $13.85M $3.600M $0.00
% Of Pretax Income
Net Earnings -$25.93M -$6.674M -$21.67M
YoY Change 11.86% -69.2% 158.6%
Net Earnings / Revenue -142.7% -26.42%
Basic Earnings Per Share -$0.78 -$0.21 -$0.69
Diluted Earnings Per Share -$0.78 -$0.21 -$0.69
COMMON SHARES
Basic Shares Outstanding 33.20M shares 33.08M shares 31.25M shares
Diluted Shares Outstanding 33.16M shares 32.37M shares 31.25M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $376.8M $411.6M $263.9M
YoY Change 54.26% 55.98%
Cash & Equivalents $79.74M $227.6M $84.64M
Short-Term Investments $297.0M $184.0M $179.3M
Other Short-Term Assets $9.662M $16.21M $8.810M
YoY Change 0.13% 83.96%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $390.2M $434.1M $272.7M
YoY Change 53.68% 59.19%
LONG-TERM ASSETS
Property, Plant & Equipment $99.30M $9.394M $7.197M
YoY Change 1175.53% 30.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.488M $13.84M $1.434M
YoY Change 412.91% 865.34%
Total Long-Term Assets $103.8M $41.43M $43.99M
YoY Change 147.03% -5.81%
TOTAL ASSETS
Total Short-Term Assets $390.2M $434.1M $272.7M
Total Long-Term Assets $103.8M $41.43M $43.99M
Total Assets $494.0M $475.6M $316.7M
YoY Change 66.93% 50.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.422M $6.474M $2.931M
YoY Change -47.6% 120.88%
Accrued Expenses $14.51M $11.68M $4.524M
YoY Change 171.75% 158.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $125.9M $147.6M $15.43M
YoY Change 596.69% 856.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $161.1M $98.36M $23.89M
YoY Change 639.12% 311.82%
Total Long-Term Liabilities $161.1M $98.36M $23.89M
YoY Change 639.12% 311.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $125.9M $147.6M $15.43M
Total Long-Term Liabilities $161.1M $98.36M $23.89M
Total Liabilities $287.1M $246.0M $39.31M
YoY Change 619.88% 525.67%
SHAREHOLDERS EQUITY
Retained Earnings -$220.9M -$195.0M -$115.3M
YoY Change 59.49% 69.12%
Common Stock $3.000K $3.000K $3.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $206.9M $229.6M $277.4M
YoY Change
Total Liabilities & Shareholders Equity $494.0M $475.6M $316.7M
YoY Change 66.93% 50.16%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$25.93M -$6.674M -$21.67M
YoY Change 11.86% -69.2% 158.6%
Depreciation, Depletion And Amortization $730.0K $500.0K $400.0K
YoY Change 46.0% 25.0% 100.0%
Cash From Operating Activities -$35.09M $203.4M -$20.99M
YoY Change 94.85% -1068.98% 151.81%
INVESTING ACTIVITIES
Capital Expenditures $1.522M $1.668M $594.0K
YoY Change -296.39% 180.81% -34.58%
Acquisitions
YoY Change
Other Investing Activities -$111.7M -$38.78M -$180.9M
YoY Change -546.94% -78.57%
Cash From Investing Activities -$113.3M -$40.44M -$181.5M
YoY Change -567.52% -77.72% 19892.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 443.0K $19.54M $50.00K
YoY Change 3927.27% 38972.0% -99.96%
NET CHANGE
Cash From Operating Activities -35.09M $203.4M -$20.99M
Cash From Investing Activities -113.3M -$40.44M -$181.5M
Cash From Financing Activities 443.0K $19.54M $50.00K
Net Change In Cash -147.9M $182.5M -$202.5M
YoY Change -2475.22% -190.13% -288.98%
FREE CASH FLOW
Cash From Operating Activities -$35.09M $203.4M -$20.99M
Capital Expenditures $1.522M $1.668M $594.0K
Free Cash Flow -$36.61M $201.7M -$21.59M
YoY Change 112.45% -1034.59% 133.5%

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50000 usd
CY2023Q1 trda Vesting Of Options Early Exercised Subject To Repurchase
VestingOfOptionsEarlyExercisedSubjectToRepurchase
26000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
19536000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
50000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
182491000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49107000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
291064000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
231598000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88590000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
57000 usd
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
391000 usd
CY2023Q1 trda Right Of Use Asset Surrendered As Part Of Lease Modification
RightOfUseAssetSurrenderedAsPartOfLeaseModification
7761000 usd
CY2022Q1 trda Right Of Use Asset Surrendered As Part Of Lease Modification
RightOfUseAssetSurrenderedAsPartOfLeaseModification
0 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
32991000 usd
CY2023Q1 trda Transfer Of Deposits For Equipment From Operating To Investing Cash Flows
TransferOfDepositsForEquipmentFromOperatingToInvestingCashFlows
617000 usd
CY2022Q1 trda Transfer Of Deposits For Equipment From Operating To Investing Cash Flows
TransferOfDepositsForEquipmentFromOperatingToInvestingCashFlows
495000 usd
CY2022Q1 trda Vesting Of Options Early Exercised Subject To Repurchase
VestingOfOptionsEarlyExercisedSubjectToRepurchase
35000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-6700000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-21700000 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-195000000 usd
CY2023Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
411600000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3950000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
231598000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49107000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
227648000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45157000 usd
CY2023Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3950000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLossCurrent
125576000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
124445000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss Noncurrent
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent
59049000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Noncurrent
DebtSecuritiesAvailableForSaleExcludingAccruedInterestNoncurrent
59538000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
184625000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
556000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1198000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
183983000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLossCurrent
142170000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
140237000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss Noncurrent
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent
3442000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Noncurrent
DebtSecuritiesAvailableForSaleExcludingAccruedInterestNoncurrent
3318000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
145612000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2057000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
143555000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
23 security
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
95200000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLossCurrent
900000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLossCurrent
600000 usd
CY2023Q1 us-gaap Cash
Cash
300000 usd
CY2022Q4 us-gaap Cash
Cash
300000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13234000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10982000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3840000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3301000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9394000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7681000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
500000 usd
CY2022Q1 us-gaap Depreciation
Depreciation
400000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2049000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5063000 usd
CY2023Q1 trda Accrued External Research And Development Expenses Current
AccruedExternalResearchAndDevelopmentExpensesCurrent
4057000 usd
CY2022Q4 trda Accrued External Research And Development Expenses Current
AccruedExternalResearchAndDevelopmentExpensesCurrent
1157000 usd
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
837000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
925000 usd
CY2023Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3551000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
0 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1182000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
431000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11676000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7576000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.39
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
11736 shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
13.69
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
9494909 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
8032687 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2755000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1794000 usd
CY2023Q1 trda Stock Issued During Period Shares Vesting Of Early Exercised Stock Options
StockIssuedDuringPeriodSharesVestingOfEarlyExercisedStockOptions
43588 shares
CY2022 trda Stock Issued During Period Shares Vesting Of Early Exercised Stock Options
StockIssuedDuringPeriodSharesVestingOfEarlyExercisedStockOptions
53741 shares
CY2023Q1 trda Share Based Compensation Arrangement By Share Based Payment Award Options Early Exercised Nonvested Amount
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsEarlyExercisedNonvestedAmount
200000 usd
CY2022Q4 trda Share Based Compensation Arrangement By Share Based Payment Award Options Early Exercised Nonvested Amount
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsEarlyExercisedNonvestedAmount
200000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5028850 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.95
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
350396 shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.24
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
18344 shares
CY2022 trda Operating Lease Expense Monthly
OperatingLeaseExpenseMonthly
500000 usd
CY2023Q1 us-gaap Security Deposit
SecurityDeposit
800000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5349166 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.04
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2878389 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.37
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3600000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3665000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
3665000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2282000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0795
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6627000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5741000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5396000 usd
CY2023Q1 trda Lessee Operating Lease Liability To Be Paid Due After Year Three
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearThree
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
17764000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1539000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
16225000 usd
CY2022Q1 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P10Y
CY2022Q1 us-gaap Lessee Operating Lease Lease Not Yet Commenced Renewal Term1
LesseeOperatingLeaseLeaseNotYetCommencedRenewalTerm1
P5Y
CY2022Q1 trda Operating Leases Rental Expenses Initial Fixed Monthly Rental Payments First12 Months
OperatingLeasesRentalExpensesInitialFixedMonthlyRentalPaymentsFirst12Months
500000 usd
CY2022Q1 trda Number Of Square Feet In Lease Agreement
NumberOfSquareFeetInLeaseAgreement
65000 sqft
CY2022Q1 trda Operating Leases Rental Expenses Annual Increase
OperatingLeasesRentalExpensesAnnualIncrease
0.03
CY2022Q1 trda Tenant Improvements Allowance
TenantImprovementsAllowance
19500000 usd
CY2022Q1 trda Initial Fixed Rental Income Per Rentable Square Foot Of Premises Per Annum
InitialFixedRentalIncomePerRentableSquareFootOfPremisesPerAnnum
240.00
CY2022Q1 trda Operating Leases Additional Allowance
OperatingLeasesAdditionalAllowance
1600000 usd
CY2022Q1 trda Tenant Allowance Rentable Square Foot Of Premises Per Annum
TenantAllowanceRentableSquareFootOfPremisesPerAnnum
20.00
CY2022Q1 trda Interest Rate For Additional Improvements Allowance
InterestRateForAdditionalImprovementsAllowance
0.08
CY2022Q1 trda Lessee Operating Lease Level Direct Reduction Basis Term
LesseeOperatingLeaseLevelDirectReductionBasisTerm
P120M
CY2023Q1 trda Lessee Operating Lease Reimbursable Improvement Costs Incurred
LesseeOperatingLeaseReimbursableImprovementCostsIncurred
21200000 usd
CY2023Q1 trda Lessee Operating Lease Reimbursed Costs
LesseeOperatingLeaseReimbursedCosts
14400000 usd
CY2023Q1 trda Prepaid Rent Noncurrent
PrepaidRentNoncurrent
13300000 usd
CY2022Q4 us-gaap Lessor Operating Lease Lease Not Yet Commenced Term Of Contract1
LessorOperatingLeaseLeaseNotYetCommencedTermOfContract1
P3Y
CY2022Q4 trda Lessor Operating Lease Lese Not Yet Commenced Extension
LessorOperatingLeaseLeseNotYetCommencedExtension
P6M
CY2022Q4 trda Lessor Operating Lease Lese Not Yet Commenced Monthly Payments To Be Received
LessorOperatingLeaseLeseNotYetCommencedMonthlyPaymentsToBeReceived
200000 usd
CY2022Q4 trda Sublease Interest Rate Increase Per Annum Percent
SubleaseInterestRateIncreasePerAnnumPercent
0.03
CY2022Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
500000 usd
CY2023Q1 trda Strategic Collaboration And License Agreement Term Of Contract
StrategicCollaborationAndLicenseAgreementTermOfContract
P4Y
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-6674000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-21671000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32374299 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32374299 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31246916 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31246916 shares
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.69
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.69
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6064062 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4806953 shares

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