$TRVN
TREVENA INC

2019 Q4 Form 10-K Financial Statement

#000155837021002598 Filed on March 09, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $30.00K $31.00K $230.0K
YoY Change -86.96% -99.46%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.640M $13.21M $4.070M
YoY Change -10.57% -30.4% -20.82%
% of Gross Profit
Research & Development $2.860M $13.29M $2.750M
YoY Change 4.0% -15.99% -61.81%
% of Gross Profit
Depreciation & Amortization $130.0K $600.0K $150.0K
YoY Change -13.33% -7.69% 7.14%
% of Gross Profit
Operating Expenses $6.500M $13.29M $6.820M
YoY Change -4.69% -61.81% -44.78%
Operating Profit -$26.58M
YoY Change
Interest Expense -$70.00K $931.0K -$130.0K
YoY Change -46.15% -176.31% -76.36%
% of Operating Profit
Other Income/Expense, Net $100.0K $1.709M $150.0K
YoY Change -33.33% 8.16%
Pretax Income -$6.450M -$24.87M -$7.980M
YoY Change -19.17% -17.21% -45.79%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$6.450M -$24.87M -$7.980M
YoY Change -19.17% -19.2% -45.79%
Net Earnings / Revenue -21500.0% -80229.03% -3469.57%
Basic Earnings Per Share
Diluted Earnings Per Share -$69.51K -$271.3K -$96.94K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.81M $35.80M $61.50M
YoY Change -41.78% -41.79% -7.02%
Cash & Equivalents $32.31M $32.30M $34.20M
Short-Term Investments $3.500M $3.500M $28.60M
Other Short-Term Assets $1.700M $1.700M $600.0K
YoY Change 183.33% 183.33% -57.14%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $37.49M $37.50M $62.10M
YoY Change -39.63% -39.61% -7.99%
LONG-TERM ASSETS
Property, Plant & Equipment $2.705M $8.200M $3.400M
YoY Change -20.44% 141.18% -10.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.00K $1.300M $1.300M
YoY Change -98.46% 0.0% -7.14%
Total Long-Term Assets $9.506M $9.500M $4.700M
YoY Change 102.26% 102.13% -10.12%
TOTAL ASSETS
Total Short-Term Assets $37.49M $37.50M $62.10M
Total Long-Term Assets $9.506M $9.500M $4.700M
Total Assets $46.99M $47.00M $66.80M
YoY Change -29.65% -29.64% -8.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.047M $1.000M $1.400M
YoY Change -25.21% -28.57% -1.69%
Accrued Expenses $3.000M $3.000M $3.300M
YoY Change -9.09% -9.09% -23.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.037M $5.000M $12.60M
YoY Change -60.02% -60.32% 1.41%
Total Short-Term Liabilities $9.107M $9.100M $17.50M
YoY Change -47.96% -48.0% -3.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $4.800M
YoY Change -100.0% -100.0% -69.48%
Other Long-Term Liabilities $7.800M $7.800M $2.900M
YoY Change 168.97% 168.97% 162.68%
Total Long-Term Liabilities $7.800M $7.800M $7.700M
YoY Change 1.3% 1.3% -54.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.107M $9.100M $17.50M
Total Long-Term Liabilities $7.800M $7.800M $7.700M
Total Liabilities $16.92M $16.90M $25.30M
YoY Change -33.14% -33.2% -33.58%
SHAREHOLDERS EQUITY
Retained Earnings -$413.1M
YoY Change
Common Stock $443.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.08M $30.10M $41.53M
YoY Change
Total Liabilities & Shareholders Equity $46.99M $47.00M $66.80M
YoY Change -29.65% -29.64% -8.14%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income -$6.450M -$24.87M -$7.980M
YoY Change -19.17% -19.2% -45.79%
Depreciation, Depletion And Amortization $130.0K $600.0K $150.0K
YoY Change -13.33% -7.69% 7.14%
Cash From Operating Activities -$6.810M -$23.67M -$5.700M
YoY Change 19.47% -6.75% -51.74%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $210.0K
YoY Change -100.0% -100.0% -290.91%
Acquisitions
YoY Change
Other Investing Activities $11.99M $25.58M $17.22M
YoY Change -30.37% 20.83% 93.7%
Cash From Investing Activities $11.99M $25.58M $17.42M
YoY Change -31.17% 21.82% 98.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.31M
YoY Change -69.01%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.140M -2.497M -3.170M
YoY Change -32.49% -112.12% -308.55%
NET CHANGE
Cash From Operating Activities -6.810M -23.67M -5.700M
Cash From Investing Activities 11.99M 25.58M 17.42M
Cash From Financing Activities -2.140M -2.497M -3.170M
Net Change In Cash 3.040M -581.0K 8.550M
YoY Change -64.44% -103.58% -666.23%
FREE CASH FLOW
Cash From Operating Activities -$6.810M -$23.67M -$5.700M
Capital Expenditures $0.00 $0.00 $210.0K
Free Cash Flow -$6.810M -$23.67M -$5.910M
YoY Change 15.23% -6.12% -49.49%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Management used significant estimates in the following areas, among others: stock-based compensation expense, the determination of the fair value of stock-based awards, the fair value of common stock warrants, the accounting for research and development costs, accrued expenses and the recoverability of the Company’s net deferred tax assets and related valuation allowance. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The Company is also subject to certain contingent liabilities with respect to existing or potential claims, lawsuits and other proceedings. The Company accrues liabilities when it considers probable that future costs will be incurred and such costs can be reasonably estimated, and recognizes an asset for proceeds from related insurance claims that are considered probable of recovery. The financial data and other information disclosed in these notes are not necessarily indicative of the results to be expected for any future year or period. The Company bases its estimates on historical experience and also on assumptions that it believes are reasonable, however, actual results could significantly differ from those results.</p>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentration of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash, cash equivalents, marketable securities and restricted cash. The Company’s investment policy includes guidelines on the quality of the institutions and financial instruments and defines allowable investments that the Company believes minimizes the exposure to concentration of credit risk. The Company has no off-balance sheet concentrations of credit risk such as foreign currency exchange contracts, option contracts or other hedging arrangements.</p>
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1419000
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CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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1
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0.50
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200000

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report.css Edgar Link pending
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trvn-20201231.xsd Edgar Link pending
trvn-20201231x10k.htm Edgar Link pending
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