$TRVN
TREVENA INC

2017 Q3 Form 10-Q Financial Statement

#000142956017000006 Filed on August 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q2
Revenue $0.00 $0.00 $1.875M
YoY Change -100.0% -0.27%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.230M $4.390M $3.700M
YoY Change 28.19% 18.65% 18.97%
% of Gross Profit
Research & Development $10.18M $15.50M $17.20M
YoY Change -60.15% -9.91% 67.34%
% of Gross Profit
Depreciation & Amortization $190.0K $80.00K $60.00K
YoY Change 216.67% 33.33% 20.0%
% of Gross Profit
Operating Expenses $15.41M $19.88M $20.90M
YoY Change -47.98% -4.86% 56.2%
Operating Profit -$15.41M -$19.88M -$19.10M
YoY Change -48.13% 4.08%
Interest Expense $732.0K $731.0K $433.0K
YoY Change 68.66% 68.82% -2265.0%
% of Operating Profit
Other Income/Expense, Net -$586.0K -$548.0K -$191.0K
YoY Change 115.44% 186.91% -2010.0%
Pretax Income -$16.00M -$20.43M -$19.22M
YoY Change -46.49% 6.3% 66.84%
Income Tax
% Of Pretax Income
Net Earnings -$16.00M -$20.43M -$19.30M
YoY Change -46.64% 5.89% 67.49%
Net Earnings / Revenue -1029.07%
Basic Earnings Per Share
Diluted Earnings Per Share -$266.2K -$349.9K -$368.4K
COMMON SHARES
Basic Shares Outstanding 59.70M shares 58.30M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.60M $84.16M $144.5M
YoY Change -35.95% -41.76% 35.81%
Cash & Equivalents $18.10M $14.00M $36.92M
Short-Term Investments $58.50M $70.16M $107.7M
Other Short-Term Assets $2.100M $3.500M $3.100M
YoY Change 31.25% 12.9% 244.44%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $78.68M $87.66M $147.6M
YoY Change -35.13% -40.61% 37.56%
LONG-TERM ASSETS
Property, Plant & Equipment $4.132M $2.921M $800.0K
YoY Change 490.29% 265.13% 33.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.400M $1.400M $100.0K
YoY Change 1300.0% 1300.0% 0.0%
Total Long-Term Assets $5.557M $4.346M $1.000M
YoY Change 594.63% 334.6% 42.86%
TOTAL ASSETS
Total Short-Term Assets $78.68M $87.66M $147.6M
Total Long-Term Assets $5.557M $4.346M $1.000M
Total Assets $84.24M $92.01M $148.6M
YoY Change -31.01% -38.08% 37.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.783M $2.290M $4.900M
YoY Change -74.16% -53.27% 19.51%
Accrued Expenses $3.900M $2.800M $3.800M
YoY Change 11.43% -26.32% 137.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.28M $7.093M
YoY Change 123.54%
Total Short-Term Liabilities $15.99M $12.26M $8.800M
YoY Change 5.91% 39.33% -33.33%
LONG-TERM LIABILITIES
Long-Term Debt $17.78M $20.90M $18.30M
YoY Change 29.8% 14.21% 916.67%
Other Long-Term Liabilities $925.0K $747.0K $600.0K
YoY Change 32.14% 24.5% 50.0%
Total Long-Term Liabilities $18.71M $747.0K $18.90M
YoY Change 29.92% -96.05% 759.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.99M $12.26M $8.800M
Total Long-Term Liabilities $18.71M $747.0K $18.90M
Total Liabilities $37.43M $36.40M $27.60M
YoY Change 27.32% 31.89% 80.39%
SHAREHOLDERS EQUITY
Retained Earnings -$342.8M -$326.8M
YoY Change
Common Stock $389.6M $382.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $46.81M $55.61M $121.0M
YoY Change
Total Liabilities & Shareholders Equity $84.24M $92.01M $148.6M
YoY Change -31.01% -38.08% 37.59%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$16.00M -$20.43M -$19.30M
YoY Change -46.64% 5.89% 67.49%
Depreciation, Depletion And Amortization $190.0K $80.00K $60.00K
YoY Change 216.67% 33.33% 20.0%
Cash From Operating Activities -$11.70M -$18.30M -$18.59M
YoY Change -52.5% -1.56% 81.37%
INVESTING ACTIVITIES
Capital Expenditures -$1.370M -$1.900M -$40.00K
YoY Change 13600.0% 4650.0% -42.86%
Acquisitions
YoY Change
Other Investing Activities $11.59M $8.950M $20.96M
YoY Change -10.78% -57.3% 144.29%
Cash From Investing Activities $10.22M $7.050M $20.92M
YoY Change -21.26% -66.3% 145.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.510M 6.850M 20.00K
YoY Change 6787.5% 34150.0% -99.88%
NET CHANGE
Cash From Operating Activities -11.70M -18.30M -18.59M
Cash From Investing Activities 10.22M 7.050M 20.92M
Cash From Financing Activities 5.510M 6.850M 20.00K
Net Change In Cash 4.030M -4.400M 2.350M
YoY Change -134.83% -287.23% -83.82%
FREE CASH FLOW
Cash From Operating Activities -$11.70M -$18.30M -$18.59M
Capital Expenditures -$1.370M -$1.900M -$40.00K
Free Cash Flow -$10.33M -$16.40M -$18.55M
YoY Change -58.04% -11.59% 82.22%

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OtherNonoperatingIncome
0 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
628000 USD
us-gaap Paid In Kind Interest
PaidInKindInterest
271000 USD
us-gaap Paid In Kind Interest
PaidInKindInterest
530000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
37380000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
32646000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
220000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2019000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11792000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13687000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
9921000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
55014000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
48443000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
61000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
355000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1059000 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2921000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
2000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
3000 USD
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17203000 USD
CY2017Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1413000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-285625000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
32956000 USD
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15499000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
31595000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1193000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-326800000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-326771000 USD
CY2016Q2 us-gaap Revenues
Revenues
1875000 USD
us-gaap Revenues
Revenues
3750000 USD
CY2017Q2 us-gaap Revenues
Revenues
0 USD
us-gaap Revenues
Revenues
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2713000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3687000 USD
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3514623 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.19
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
393275 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2826844 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6370578 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8520152 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.10
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.78
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
8520152 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
5.78
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.25
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.80
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4.72
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
700000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y6M29D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y0M7D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y0M7D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
283995 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
13687000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
355000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
78581000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
55606000 USD
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
52174569 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
51762467 shares
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
58381868 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57642379 shares

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