$TRVN
TREVENA INC

2023 Q3 Form 10-Q Financial Statement

#000155837023014698 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $180.0K $3.000M
YoY Change -141.1%
Cost Of Revenue $175.0K $88.00K
YoY Change -92.61% -59.26%
Gross Profit $10.00K $2.912M
YoY Change -100.36% -1448.15%
Gross Profit Margin 5.56% 97.07%
Selling, General & Admin $4.570M $5.138M
YoY Change -40.52% -50.15%
% of Gross Profit 45700.0% 176.44%
Research & Development $4.260M $3.991M
YoY Change -19.1% -6.99%
% of Gross Profit 42600.0% 137.05%
Depreciation & Amortization $80.00K $83.00K
YoY Change -11.11% -20.95%
% of Gross Profit 800.0% 2.85%
Operating Expenses $4.260M $3.991M
YoY Change -19.1% -6.99%
Operating Profit -$8.827M -$6.196M
YoY Change -43.97% -58.17%
Interest Expense $210.0K $1.122M
YoY Change -47.63% 245.23%
% of Operating Profit
Other Income/Expense, Net $897.0K -$1.816M
YoY Change 95.0% 980.95%
Pretax Income -$7.930M -$7.712M
YoY Change -48.15% -48.52%
Income Tax $0.00 $300.0K
% Of Pretax Income
Net Earnings -$7.930M -$8.012M
YoY Change -48.15% -46.52%
Net Earnings / Revenue -4405.56% -267.07%
Basic Earnings Per Share -$0.57 -$0.69
Diluted Earnings Per Share -$0.57 -$0.69
COMMON SHARES
Basic Shares Outstanding 13.71M 10.97M
Diluted Shares Outstanding 13.96M 11.58M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.00M $28.10M
YoY Change -13.35% -43.26%
Cash & Equivalents $34.95M $28.10M
Short-Term Investments
Other Short-Term Assets $3.900M $3.972M
YoY Change 186.13% 21.47%
Inventory $900.0K $901.0K
Prepaid Expenses
Receivables $179.0K
Other Receivables $0.00
Total Short-Term Assets $39.48M $32.97M
YoY Change -7.2% -40.9%
LONG-TERM ASSETS
Property, Plant & Equipment $1.259M $1.343M
YoY Change -19.81% -17.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $43.00K $51.00K
YoY Change -98.32% 1600.0%
Total Long-Term Assets $5.655M $5.889M
YoY Change -33.31% -34.7%
TOTAL ASSETS
Total Short-Term Assets $39.48M $32.97M
Total Long-Term Assets $5.655M $5.889M
Total Assets $45.13M $38.86M
YoY Change -11.54% -40.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.545M $2.527M
YoY Change 9.11% -7.06%
Accrued Expenses $4.600M $5.640M
YoY Change -39.93% -16.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $9.000K
YoY Change -100.0% 800.0%
Total Short-Term Liabilities $6.156M $8.176M
YoY Change -33.5% -14.02%
LONG-TERM LIABILITIES
Long-Term Debt $29.64M $14.18M
YoY Change 121.89% 5.23%
Other Long-Term Liabilities $5.800M $6.713M
YoY Change -11.06% 14.19%
Total Long-Term Liabilities $29.64M $14.18M
YoY Change 121.89% 5.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.156M $8.176M
Total Long-Term Liabilities $29.64M $14.18M
Total Liabilities $41.58M $29.08M
YoY Change 42.63% 0.75%
SHAREHOLDERS EQUITY
Retained Earnings -$571.5M -$563.6M
YoY Change 5.68% 7.25%
Common Stock $575.1M $573.4M
YoY Change 2.21% 2.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.549M $9.782M
YoY Change
Total Liabilities & Shareholders Equity $45.13M $38.86M
YoY Change -11.54% -40.03%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$7.930M -$8.012M
YoY Change -48.15% -46.52%
Depreciation, Depletion And Amortization $80.00K $83.00K
YoY Change -11.11% -20.95%
Cash From Operating Activities -$8.930M -$7.250M
YoY Change -15.8% -39.33%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $20.00K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities $0.00 -$20.00K
YoY Change -100.0% -99.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 15.78M 6.503M
YoY Change 1334.55% -55.0%
NET CHANGE
Cash From Operating Activities -8.930M -7.250M
Cash From Investing Activities 0.000 -20.00K
Cash From Financing Activities 15.78M 6.503M
Net Change In Cash 6.850M -767.0K
YoY Change 175.32% -97.21%
FREE CASH FLOW
Cash From Operating Activities -$8.930M -$7.250M
Capital Expenditures $0.00 $20.00K
Free Cash Flow -$8.930M -$7.270M
YoY Change -15.58%

Facts In Submission

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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1155000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1008000
CY2022Q2 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
603000
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-23000
CY2022Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-60000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
35943000
us-gaap Profit Loss
ProfitLoss
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ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
165000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
210000
us-gaap Share Based Compensation
ShareBasedCompensation
1508000
us-gaap Share Based Compensation
ShareBasedCompensation
2163000
us-gaap Paid In Kind Interest
PaidInKindInterest
746000
us-gaap Paid In Kind Interest
PaidInKindInterest
101000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
18000
trvn Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
-269000
trvn Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2241000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
282000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
638000
trvn Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-429000
trvn Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-380000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-613000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-225000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
29976000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6504000
trvn Proceeds From Prefunded Warrants Exercised
ProceedsFromPrefundedWarrantsExercised
2000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3000
trvn Increase Decrease In Equity Receivable Financing Activities
IncreaseDecreaseInEquityReceivableFinancingActivities
23000
trvn Proceeds From Issuance Of Long Term Debt And Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfLongTermDebtAndProceedsFromIssuanceOfWarrants
14475000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6501000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14449000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
40280000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28637000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22500000
trvn Reclassification Of Warrant Liability Upon Exercise Of Prefunded Warrants
ReclassificationOfWarrantLiabilityUponExerciseOfPrefundedWarrants
2001000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-563600000
us-gaap Net Income Loss
NetIncomeLoss
-15800000
us-gaap Net Income Loss
NetIncomeLoss
-31400000
trvn Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
3
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6620942
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.69
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Use Of Estimates
UseOfEstimates
<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 0pt 12pt 0pt;">The preparation of consolidated 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. These estimates and assumptions are based on current facts, historical experience as well as other pertinent industry and regulatory authority information. Actual results may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and actual results, the Company’s future results of operations will be affected.</p>
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2023Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
3145394
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
901000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3111000
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2205000
CY2023Q2 us-gaap Inventory Net
InventoryNet
901000
CY2022Q4 us-gaap Inventory Net
InventoryNet
906000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1508000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2163000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
351709
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
49.15
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y11M8D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
95900
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.04
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
26045
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
49.62
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
421564
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
38.17
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
421564
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
38.17
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y3M
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
265979
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
50.48
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M20D
CY2023Q2 us-gaap Share Price
SharePrice
0.8810
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.092
CY2023Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
3145394
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
4348193
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3955000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4224000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
945000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
890000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4934000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5419000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5879000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6309000
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
9000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
9000
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
12000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
17000
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
21000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
26000
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.092
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.065
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
349000
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
336000
us-gaap Operating Lease Cost
OperatingLeaseCost
746000
us-gaap Operating Lease Cost
OperatingLeaseCost
663000
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
347000
CY2022Q2 us-gaap Sublease Income
SubleaseIncome
344000
us-gaap Sublease Income
SubleaseIncome
697000
us-gaap Sublease Income
SubleaseIncome
659000
CY2023Q2 trvn Operating Lease Income Expense Net
OperatingLeaseIncomeExpenseNet
2000
CY2022Q2 trvn Operating Lease Income Expense Net
OperatingLeaseIncomeExpenseNet
-8000
trvn Operating Lease Income Expense Net
OperatingLeaseIncomeExpenseNet
49000
trvn Operating Lease Income Expense Net
OperatingLeaseIncomeExpenseNet
4000
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2000
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
5000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3000
CY2023Q2 trvn Finance Lease Cost
FinanceLeaseCost
2000
CY2022Q2 trvn Finance Lease Cost
FinanceLeaseCost
1000
trvn Finance Lease Cost
FinanceLeaseCost
5000
trvn Finance Lease Cost
FinanceLeaseCost
3000
us-gaap Operating Lease Payments
OperatingLeasePayments
209000
us-gaap Operating Lease Payments
OperatingLeasePayments
151000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3000
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.065
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.74
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
718000
CY2023Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
5000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1450000
CY2023Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
11000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1474000
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
7000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1498000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1523000
CY2023Q2 trvn Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
640000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7303000
CY2023Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
23000
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1424000
CY2023Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5879000
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
21000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
571000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
996000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1567000
CY2022Q4 trvn Accounts Receivable Allowance For Credit Loss Sales Discounts
AccountsReceivableAllowanceForCreditLossSalesDiscounts
1000
CY2022Q4 trvn Accounts Receivable Allowance For Credit Loss Chargebacks
AccountsReceivableAllowanceForCreditLossChargebacks
30000
CY2022Q4 trvn Accounts Receivable Allowance For Credit Loss Fee For Service
AccountsReceivableAllowanceForCreditLossFeeForService
36000
trvn Accounts Receivable Credit Loss Chargebacks Expense Reversal
AccountsReceivableCreditLossChargebacksExpenseReversal
6000
trvn Accounts Receivable Credit Loss Fee For Service Expense Reversal
AccountsReceivableCreditLossFeeForServiceExpenseReversal
-28000
CY2023Q2 trvn Accounts Receivable Allowance For Credit Loss Sales Discounts
AccountsReceivableAllowanceForCreditLossSalesDiscounts
1000
CY2023Q2 trvn Accounts Receivable Allowance For Credit Loss Chargebacks
AccountsReceivableAllowanceForCreditLossChargebacks
36000
CY2023Q2 trvn Accounts Receivable Allowance For Credit Loss Fee For Service
AccountsReceivableAllowanceForCreditLossFeeForService
8000
CY2023Q2 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
22000
CY2023Q2 trvn Accounts Receivable Allowance For Credit Loss In Excess Of Accounts Receivable
AccountsReceivableAllowanceForCreditLossInExcessOfAccountsReceivable
23000
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3000000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3000000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
20000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-8012000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-14981000
us-gaap Net Income Loss
NetIncomeLoss
-15831000
us-gaap Net Income Loss
NetIncomeLoss
-31370000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11580128
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6621083
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10592586
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4348193
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
958070

Files In Submission

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trvn-20230630_pre.xml Edgar Link unprocessable
trvn-20230630_lab.xml Edgar Link unprocessable
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