2021 Q4 Form 10-Q Financial Statement

#000143774921026620 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $16.17M $11.35M $7.970M
YoY Change 102.94% 227.97%
Cost Of Revenue $1.589M $1.244M $650.0K
YoY Change 144.46% 302.59%
Gross Profit $14.59M $10.11M $7.310M
YoY Change 99.52% 220.65%
Gross Profit Margin 90.18% 89.04% 91.72%
Selling, General & Admin $21.42M $21.62M $22.16M
YoY Change -3.35% -2.0% 12.2%
% of Gross Profit 146.85% 213.95% 303.15%
Research & Development $13.08M $11.92M $12.41M
YoY Change 5.41% 16.77% -38.23%
% of Gross Profit 89.69% 117.97% 169.77%
Depreciation & Amortization $213.0K $200.0K $120.0K
YoY Change 77.5% 100.0% 9.09%
% of Gross Profit 1.46% 1.98% 1.64%
Operating Expenses $34.50M $33.55M $34.57M
YoY Change -0.2% 3.94% -13.23%
Operating Profit -$19.92M -$23.44M -$27.26M
YoY Change -26.94% -19.52% -31.57%
Interest Expense $20.00K $73.00K $270.0K
YoY Change -92.59% -81.28% -73.27%
% of Operating Profit
Other Income/Expense, Net -$7.420M -$6.844M -$170.0K
YoY Change 4264.71% 8455.0% 21.43%
Pretax Income -$27.32M -$30.21M -$27.15M
YoY Change 0.61% 4.84% -30.33%
Income Tax $1.137M $0.00 $3.370M
% Of Pretax Income
Net Earnings -$28.45M -$30.21M -$30.53M
YoY Change -6.81% 4.84% -21.66%
Net Earnings / Revenue -175.91% -266.15% -383.06%
Basic Earnings Per Share -$1.35
Diluted Earnings Per Share -$1.268M -$1.350M -$1.378M
COMMON SHARES
Basic Shares Outstanding 22.42M 22.38M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $89.14M $106.2M $102.0M
YoY Change -12.62% -11.2% -30.64%
Cash & Equivalents $44.36M $55.34M $52.86M
Short-Term Investments $44.78M $50.87M $49.15M
Other Short-Term Assets $8.702M $7.339M $4.600M
YoY Change 89.17% 33.44% 206.67%
Inventory $4.832M $3.808M $1.964M
Prepaid Expenses
Receivables $11.72M $7.784M $7.047M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $114.4M $125.1M $115.6M
YoY Change -1.06% -3.22% -22.21%
LONG-TERM ASSETS
Property, Plant & Equipment $1.967M $1.978M $2.046M
YoY Change -3.86% 14.67% 109.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $675.0K $4.071M $1.900M
YoY Change -64.47% -31.0% -96.09%
Other Assets $1.311M $1.773M $66.00K
YoY Change 1886.36% 491.0% -75.0%
Total Long-Term Assets $5.356M $9.463M $6.386M
YoY Change -16.13% -10.73% -88.12%
TOTAL ASSETS
Total Short-Term Assets $114.4M $125.1M $115.6M
Total Long-Term Assets $5.356M $9.463M $6.386M
Total Assets $119.7M $134.6M $122.0M
YoY Change -1.85% -3.79% -39.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.786M $4.060M $3.271M
YoY Change 76.89% -1.79% -30.32%
Accrued Expenses $14.35M $14.61M $17.50M
YoY Change -17.98% 8.23% 18.24%
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 $22.38M $19.81M $21.44M
YoY Change 4.4% 12.53% 10.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $88.95M $83.26M $4.200M
YoY Change 2017.93% 4797.65% 61.54%
Total Long-Term Liabilities $0.00 $83.26M $4.200M
YoY Change -100.0% 4797.65% 61.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.38M $19.81M $21.44M
Total Long-Term Liabilities $0.00 $83.26M $4.200M
Total Liabilities $111.3M $103.1M $25.65M
YoY Change 334.05% 431.27% 16.14%
SHAREHOLDERS EQUITY
Retained Earnings -$467.3M -$438.9M -$356.5M
YoY Change 31.08% 34.63% 56.36%
Common Stock $475.8M $470.4M $452.6M
YoY Change 5.12% 10.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.413M $31.54M $96.36M
YoY Change
Total Liabilities & Shareholders Equity $119.7M $134.6M $122.0M
YoY Change -1.85% -3.79% -39.72%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income -$28.45M -$30.21M -$30.53M
YoY Change -6.81% 4.84% -21.66%
Depreciation, Depletion And Amortization $213.0K $200.0K $120.0K
YoY Change 77.5% 100.0% 9.09%
Cash From Operating Activities -$20.07M -$18.48M -$21.25M
YoY Change -5.55% -26.33% -18.27%
INVESTING ACTIVITIES
Capital Expenditures -$202.0K -$194.0K -$180.0K
YoY Change 12.22% -70.61% -10.0%
Acquisitions
YoY Change
Other Investing Activities $9.327M $10.85M $49.63M
YoY Change -81.21% -21.91% 422.97%
Cash From Investing Activities $9.125M $10.66M $49.47M
YoY Change -81.55% -19.43% 431.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.00K -168.0K 80.00K
YoY Change -140.0% -380.0% -66.67%
NET CHANGE
Cash From Operating Activities -20.07M -18.48M -21.25M
Cash From Investing Activities 9.125M 10.66M 49.47M
Cash From Financing Activities -32.00K -168.0K 80.00K
Net Change In Cash -10.98M -7.984M 28.30M
YoY Change -138.79% -32.28% -271.93%
FREE CASH FLOW
Cash From Operating Activities -$20.07M -$18.48M -$21.25M
Capital Expenditures -$202.0K -$194.0K -$180.0K
Free Cash Flow -$19.87M -$18.28M -$21.07M
YoY Change -5.7% -25.14% -18.33%

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IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3261000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1573000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-0 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1032000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2506000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3078000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1080000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-595000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-64822000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-84644000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
51594000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
29687000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2463000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
44625000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
74503000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
550000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1043000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5056000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
43773000 USD
urgn Proceeds From Prepaid Forward Arrangement Net
ProceedsFromPrepaidForwardArrangementNet
72417000 USD
urgn Proceeds From Prepaid Forward Arrangement Net
ProceedsFromPrepaidForwardArrangementNet
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
61000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
651000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15853000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
127000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
55000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
72351000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16449000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2473000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-24422000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
54090000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
50211000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
56563000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25789000 USD
urgn Non Cash New Lease Liabilities
NonCashNewLeaseLiabilities
-36000 USD
urgn Non Cash New Lease Liabilities
NonCashNewLeaseLiabilities
51000 USD
urgn Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
IssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
7000 USD
urgn Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
IssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
urgn Non Cash Exercise Of Stock Options
NonCashExerciseOfStockOptions
0 USD
urgn Non Cash Exercise Of Stock Options
NonCashExerciseOfStockOptions
40000 USD
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"><b><i>Concentration of Credit Risk</i></b></p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist primarily of cash and cash equivalents and marketable securities. The primary objectives for the Company’s investment portfolio are the preservation of capital and the maintenance of liquidity. The Company does <em style="font: inherit;">not</em> enter into any investment transaction for trading or speculative purposes.</p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">The Company’s investment policy limits investments to certain types of instruments such as certificates of deposit, money market instruments, obligations issued by the U.S. government and U.S. government agencies as well as corporate debt securities, and places restrictions on maturities and concentration by type and issuer. The Company maintains cash balances in excess of amounts insured by the Federal Deposit Insurance Corporation and concentrated within a limited number of financial institutions. The accounts are monitored by management to mitigate the risk.</p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">The Company’s product sales are recognized through the Company's arrangement with a single customer, a <em style="font: inherit;">third</em>-party national specialty distributor. The Company assesses the need for an allowance for doubtful accounts primarily based on creditworthiness, historical payment experience and general economic conditions. The Company has <em style="font: inherit;">not</em> experienced any credit losses related to this customer and has <em style="font: inherit;">not</em> currently recognized any allowance for doubtful accounts.</p>
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"><b>Note <em style="font: inherit;">1</em> </b>–<b> Business and Nature of Operations</b></p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"><b><i>Nature of Operations</i></b></p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">UroGen Pharma Ltd. is an Israeli company incorporated in <em style="font: inherit;"> April 2004 (</em>“UPL”).</p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">UroGen Pharma Inc., a wholly owned subsidiary of UPL, was incorporated in Delaware in <em style="font: inherit;"> October 2015 </em>and began operating in <em style="font: inherit;"> February 2016 (</em>“UPI”).</p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">UPL and UPI (together the “Company”) is a biopharmaceutical company focused on building and commercializing novel solutions that treat specialty cancers and urologic diseases. Since commencing operations, the Company has devoted substantially all of its efforts to securing intellectual property rights, performing research and development activities, including conducting clinical trials and manufacturing activities, hiring personnel, launching the Company’s <em style="font: inherit;">first</em> commercial product, <i>Jelmyto</i> (mitomycin) for pyelocalyceal solution, formerly known as UGN-<em style="font: inherit;">101</em> and raising capital to support and expand these activities.</p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">On <em style="font: inherit;"> April 15, 2020, </em>the U.S. Food and Drug Administration (“FDA”) granted expedited approval for <i>Jelmyto</i>, a <em style="font: inherit;">first</em>-in-class treatment indicated for adults with low-grade upper tract urothelial cancer (“low grade-UTUC”). <i>Jelmyto</i> consists of mitomycin, an established chemotherapy, and sterile hydrogel, using our proprietary sustained release <i>RTGel</i> technology. It has been designed to enable longer exposure of urinary tract tissue to mitomycin, thereby enabling the treatment of tumors by non-surgical means.</p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"/>
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"><b>Note <em style="font: inherit;">2</em> </b>–<b> Basis of Presentation</b></p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and in accordance with the instructions to Form <em style="font: inherit;">10</em>-Q and Article <em style="font: inherit;">10</em> of Regulation S-<em style="font: inherit;">X.</em> Accordingly, they do <em style="font: inherit;">not</em> include all the information and footnotes required by GAAP for complete financial statements. In the opinion of the Company’s management, the accompanying condensed consolidated financial statements contain all adjustments (consisting of normal recurring accruals and adjustments) necessary for fair statement of its financial position, results of operations and cash flows of the Company at the dates and for the periods indicated. Interim results are <em style="font: inherit;">not</em> necessarily indicative of results for the full fiscal year. The year-end condensed consolidated balance sheet data was derived from audited financial statements but does <em style="font: inherit;">not</em> include all disclosures required by accounting principles generally accepted in the United States. The unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto contained in the Company’s Annual Report on Form <em style="font: inherit;">10</em>-K for the year ended <em style="font: inherit;"> December </em><em style="font: inherit;">31,</em> <em style="font: inherit;">2020,</em> as filed with the Securities and Exchange Commission (“SEC”) on <em style="font: inherit;"> March 18, 2021.</em></p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">The consolidated financial statements include the accounts of UPL and its wholly owned subsidiary UPI. Intercompany balances and transactions have been eliminated during consolidation.</p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">The Company has experienced net losses since its inception and has an accumulated deficit o<span style="background-color:#ffffff;">f $</span>438.9  million and $356.5 million as of <em style="font: inherit;"> September 30, 2021</em> and <em style="font: inherit;"> December </em><em style="font: inherit;">31,</em> <em style="font: inherit;">2020,</em> respectively. The Company expects to incur losses and have negative net cash flows from operating activities as it executes on its strategy including engaging in further research and development activities, particularly conducting non-clinical studies and clinical trials.</p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">The success of the Company depends on the ability to successfully commercialize its technologies to support its operations and strategic plan. Based on management’s cash flow projections the Company believes that its cash and cash equivalents and marketable securities are sufficient to fund the Company’s planned operations for at least the next <em style="font: inherit;">12</em> months. The Company anticipates that it will need to raise additional capital in the future. There can be <em style="font: inherit;">no</em> assurances that the Company will be able to secure such additional financing if at all, or on terms that are satisfactory to the Company, and that it will be sufficient to meet its needs. In the event the Company is <em style="font: inherit;">not</em> successful in obtaining sufficient funding, this could force us to delay, limit, or reduce our product development, commercialization efforts or other operations.</p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"/>
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-438900000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-356500000 USD
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"><b><i>Use of Estimates</i></b></p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. Actual results <em style="font: inherit;"> may </em>differ from those estimates. As applicable to the unaudited condensed consolidated financial statements, the critical accounting estimates relate to the fair value of share-based compensation, measurement of revenue, estimate of uncertain tax positions, and measurement of liabilities accounted for under the interest method.</p>
CY2021Q3 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
110300000 USD
CY2021Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
4060000 USD
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3271000 USD
CY2021Q3 urgn Accrued Sales Reserve
AccruedSalesReserve
847000 USD
CY2020Q4 urgn Accrued Sales Reserve
AccruedSalesReserve
382000 USD
CY2021Q3 urgn Accrued Clinical Expense
AccruedClinicalExpense
2504000 USD
CY2020Q4 urgn Accrued Clinical Expense
AccruedClinicalExpense
1359000 USD
CY2021Q3 urgn Accrued Research And Development Expense
AccruedResearchAndDevelopmentExpense
1406000 USD
CY2020Q4 urgn Accrued Research And Development Expense
AccruedResearchAndDevelopmentExpense
1356000 USD
CY2021Q3 urgn Accrued Selling General And Administrative Expense
AccruedSellingGeneralAndAdministrativeExpense
1638000 USD
CY2020Q4 urgn Accrued Selling General And Administrative Expense
AccruedSellingGeneralAndAdministrativeExpense
2440000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
607000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1215000 USD
CY2021Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
11062000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
10023000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
345000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1719000 USD
urgn Other Finance Income Expense
OtherFinanceIncomeExpense
-76000 USD
urgn Other Finance Income Expense
OtherFinanceIncomeExpense
-192000 USD
urgn Interest And Other Income Net
InterestAndOtherIncomeNet
269000 USD
urgn Interest And Other Income Net
InterestAndOtherIncomeNet
1527000 USD
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4106000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1051000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1275000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
913000 USD
CY2021Q3 urgn Inventory Current And Noncurrent Net Of Reserves
InventoryCurrentAndNoncurrentNetOfReserves
5381000 USD
CY2020Q4 urgn Inventory Current And Noncurrent Net Of Reserves
InventoryCurrentAndNoncurrentNetOfReserves
1964000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
90863000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
-0 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
90867000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
100000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
11900000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
13 pure
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
86797000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
88898000 USD
CY2021Q3 urgn Debt Securities Availableforsale Fair Value Maturity Allocated And Single Maturity Date After Year One Through Three
DebtSecuritiesAvailableforsaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughThree
4070000 USD
CY2020Q4 urgn Debt Securities Availableforsale Fair Value Maturity Allocated And Single Maturity Date After Year One Through Three
DebtSecuritiesAvailableforsaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughThree
1893000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
90867000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
90791000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
600000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
300000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3991000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3441000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2013000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1395000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1978000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2046000 USD
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
200000 USD
CY2021Q2 urgn Prepaid Forward Obligation
PrepaidForwardObligation
75000000 USD
urgn Capitalized Closing Costs On Prepaid Forward Obligation
CapitalizedClosingCostsOnPrepaidForwardObligation
2583000 USD
urgn Financing On Prepaid Forward Obligation
FinancingOnPrepaidForwardObligation
9948000 USD
urgn Decrease In Prepaid Forward Obligation Amounts Paid And Payable
DecreaseInPrepaidForwardObligationAmountsPaidAndPayable
2438000 USD
CY2021Q3 urgn Prepaid Forward Obligation
PrepaidForwardObligation
79927000 USD
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
259000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
424000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
786000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1282000 USD
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
56000 USD
CY2020Q3 us-gaap Sublease Income
SubleaseIncome
56000 USD
us-gaap Sublease Income
SubleaseIncome
168000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1418000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2158000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
616000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1497000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1133000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1202000 USD
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 USD
us-gaap Sublease Income
SubleaseIncome
168000 USD
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
15000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
28000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
51000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
114000 USD
CY2021Q3 us-gaap Lease Cost
LeaseCost
218000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
396000 USD
us-gaap Lease Cost
LeaseCost
669000 USD
us-gaap Lease Cost
LeaseCost
1228000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2734000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
135000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M4D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0551 pure
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
59000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
243000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
251000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
49000 USD
CY2021Q3 urgn Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
0 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
602000 USD
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
56000 USD
CY2020Q3 us-gaap Sublease Income
SubleaseIncome
56000 USD
us-gaap Sublease Income
SubleaseIncome
168000 USD
us-gaap Sublease Income
SubleaseIncome
168000 USD
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000.0
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22400000
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22200000
CY2021Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3587774
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1362156
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5515000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6763000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17756000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21499000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
22900000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M3D
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2700000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
700000 USD
CY2020Q1 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
6600000 USD
urgn Maximum Percentage Of Commitment To Continue Employment Of Research And Development Jobs
MaximumPercentageOfCommitmentToContinueEmploymentOfResearchAndDevelopmentJobs
0.75 pure

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