$TRVN
TREVENA INC

2023 Q4 Form 10-Q Financial Statement

#000155837023018911 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $3.125M $180.0K
YoY Change -141.1%
Cost Of Revenue $1.670M $175.0K
YoY Change 635.68% -92.61%
Gross Profit $1.455M $10.00K
YoY Change -740.97% -100.36%
Gross Profit Margin 46.56% 5.56%
Selling, General & Admin $20.41M $4.570M
YoY Change 256.51% -40.52%
% of Gross Profit 1402.75% 45700.0%
Research & Development $16.33M $4.260M
YoY Change 381.09% -19.1%
% of Gross Profit 1122.54% 42600.0%
Depreciation & Amortization $84.00K $80.00K
YoY Change 2.44% -11.11%
% of Gross Profit 5.77% 800.0%
Operating Expenses $36.74M $4.260M
YoY Change 302.88% -19.1%
Operating Profit -$35.29M -$8.827M
YoY Change 277.53% -43.97%
Interest Expense -$2.287M $210.0K
YoY Change 588.86% -47.63%
% of Operating Profit
Other Income/Expense, Net -$2.396M $897.0K
YoY Change -189.6% 95.0%
Pretax Income -$39.97M -$7.930M
YoY Change 470.61% -48.15%
Income Tax $318.0K $0.00
% Of Pretax Income
Net Earnings -$40.29M -$7.930M
YoY Change 475.15% -48.15%
Net Earnings / Revenue -1289.25% -4405.56%
Basic Earnings Per Share -$0.57
Diluted Earnings Per Share -$3.16 -$0.57
COMMON SHARES
Basic Shares Outstanding 15.17M 13.71M
Diluted Shares Outstanding 13.96M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.98M $35.00M
YoY Change -13.95% -13.35%
Cash & Equivalents $32.98M $34.95M
Short-Term Investments
Other Short-Term Assets $2.230M $3.900M
YoY Change 25.14% 186.13%
Inventory $0.00 $900.0K
Prepaid Expenses
Receivables $179.0K
Other Receivables $0.00
Total Short-Term Assets $35.21M $39.48M
YoY Change -14.15% -7.2%
LONG-TERM ASSETS
Property, Plant & Equipment $1.195M $1.259M
YoY Change -19.69% -19.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $540.0K $43.00K
YoY Change -72.45% -98.32%
Total Long-Term Assets $5.400M $5.655M
YoY Change -29.61% -33.31%
TOTAL ASSETS
Total Short-Term Assets $35.21M $39.48M
Total Long-Term Assets $5.400M $5.655M
Total Assets $40.61M $45.13M
YoY Change -16.59% -11.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.303M $1.545M
YoY Change -2.91% 9.11%
Accrued Expenses $5.241M $4.600M
YoY Change -17.48% -39.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00K $0.00
YoY Change 11.11% -100.0%
Total Short-Term Liabilities $7.554M $6.156M
YoY Change -13.49% -33.5%
LONG-TERM LIABILITIES
Long-Term Debt $30.81M $29.64M
YoY Change 129.4% 121.89%
Other Long-Term Liabilities $9.892M $5.800M
YoY Change -9.26% -11.06%
Total Long-Term Liabilities $30.81M $29.64M
YoY Change 129.4% 121.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.554M $6.156M
Total Long-Term Liabilities $30.81M $29.64M
Total Liabilities $48.26M $41.58M
YoY Change 45.89% 42.63%
SHAREHOLDERS EQUITY
Retained Earnings -$588.1M -$571.5M
YoY Change 7.36% 5.68%
Common Stock $580.4M $575.1M
YoY Change 3.02% 2.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$7.657M $3.549M
YoY Change
Total Liabilities & Shareholders Equity $40.61M $45.13M
YoY Change -16.59% -11.54%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$40.29M -$7.930M
YoY Change 475.15% -48.15%
Depreciation, Depletion And Amortization $84.00K $80.00K
YoY Change 2.44% -11.11%
Cash From Operating Activities -$5.985M -$8.930M
YoY Change -43.88% -15.8%
INVESTING ACTIVITIES
Capital Expenditures $21.00K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$21.00K $0.00
YoY Change -100.12% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.031M 15.78M
YoY Change -49.33% 1334.55%
NET CHANGE
Cash From Operating Activities -5.985M -8.930M
Cash From Investing Activities -21.00K 0.000
Cash From Financing Activities 4.031M 15.78M
Net Change In Cash -1.975M 6.850M
YoY Change -112.92% 175.32%
FREE CASH FLOW
Cash From Operating Activities -$5.985M -$8.930M
Capital Expenditures $21.00K $0.00
Free Cash Flow -$6.006M -$8.930M
YoY Change -43.68% -15.58%

Facts In Submission

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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 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>
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