2023 Q2 Form 10-Q Financial Statement

#000143774923013767 Filed on May 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $21.14M $17.19M
YoY Change 27.31% 26.75%
Cost Of Revenue $2.443M $2.265M
YoY Change 32.34% 48.52%
Gross Profit $18.70M $14.93M
YoY Change 26.68% 23.99%
Gross Profit Margin 88.44% 86.83%
Selling, General & Admin $22.49M $24.47M
YoY Change 7.97% 14.9%
% of Gross Profit 120.31% 163.96%
Research & Development $11.58M $12.50M
YoY Change -8.35% -1.56%
% of Gross Profit 61.96% 83.73%
Depreciation & Amortization $200.0K $200.0K
YoY Change 0.0% 0.0%
% of Gross Profit 1.07% 1.34%
Operating Expenses $34.08M $36.97M
YoY Change 1.81% 8.75%
Operating Profit -$15.38M -$22.05M
YoY Change -17.81% 0.4%
Interest Expense -$3.326M -$2.908M
YoY Change 50.29% 938.57%
% of Operating Profit
Other Income/Expense, Net -$5.374M -$15.00K
YoY Change -6.23% -99.74%
Pretax Income -$24.08M -$30.19M
YoY Change -9.67% 7.57%
Income Tax $54.00K $21.00K
% Of Pretax Income
Net Earnings -$24.14M -$30.21M
YoY Change -9.57% 6.41%
Net Earnings / Revenue -114.18% -175.74%
Basic Earnings Per Share -$1.03 -$1.30
Diluted Earnings Per Share -$1.03 -$1.30
COMMON SHARES
Basic Shares Outstanding 23.45M 23.44M
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.30M $65.05M
YoY Change -57.67% -52.32%
Cash & Equivalents $20.13M $36.54M
Short-Term Investments $27.17M $28.51M
Other Short-Term Assets $13.54M $12.96M
YoY Change 20.41% 31.91%
Inventory $4.988M $5.466M
Prepaid Expenses
Receivables $15.51M $12.49M
Other Receivables $0.00 $0.00
Total Short-Term Assets $81.33M $95.97M
YoY Change -41.75% -40.21%
LONG-TERM ASSETS
Property, Plant & Equipment $910.0K $1.103M
YoY Change -43.3% -37.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.970M $10.17M
YoY Change 1084.25% 1408.16%
Other Assets $2.817M $3.160M
YoY Change 48.26% 101.02%
Total Long-Term Assets $14.03M $16.98M
YoY Change 115.25% 227.12%
TOTAL ASSETS
Total Short-Term Assets $81.33M $95.97M
Total Long-Term Assets $14.03M $16.98M
Total Assets $95.36M $113.0M
YoY Change -34.75% -31.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.659M $6.968M
YoY Change 89.62% 64.57%
Accrued Expenses $19.38M $16.05M
YoY Change 44.21% 36.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.77M $25.23M
YoY Change 48.36% 32.18%
LONG-TERM LIABILITIES
Long-Term Debt $98.30M $97.94M
YoY Change 38.06% 38.34%
Other Long-Term Liabilities $108.7M $106.3M
YoY Change 11.16% 14.46%
Total Long-Term Liabilities $98.30M $97.94M
YoY Change 38.06% 38.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.77M $25.23M
Total Long-Term Liabilities $98.30M $97.94M
Total Liabilities $233.8M $229.5M
YoY Change 24.99% 25.56%
SHAREHOLDERS EQUITY
Retained Earnings -$631.5M -$607.3M
YoY Change 20.88% 22.51%
Common Stock $493.2M $490.8M
YoY Change 2.41% 2.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$138.4M -$116.6M
YoY Change
Total Liabilities & Shareholders Equity $95.36M $113.0M
YoY Change -34.75% -31.84%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$24.14M -$30.21M
YoY Change -9.57% 6.41%
Depreciation, Depletion And Amortization $200.0K $200.0K
YoY Change 0.0% 0.0%
Cash From Operating Activities -$20.27M -$25.81M
YoY Change -16.22% 7.55%
INVESTING ACTIVITIES
Capital Expenditures $15.00K $23.00K
YoY Change -123.81% -8.0%
Acquisitions
YoY Change
Other Investing Activities $3.735M $6.293M
YoY Change -4344.32% -53.8%
Cash From Investing Activities $3.720M $6.270M
YoY Change -2563.58% -53.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 143.0K $671.0K
YoY Change -285.71% -99.05%
NET CHANGE
Cash From Operating Activities -20.27M -$25.81M
Cash From Investing Activities 3.720M $6.270M
Cash From Financing Activities 143.0K $671.0K
Net Change In Cash -16.41M -$18.87M
YoY Change -32.82% -131.27%
FREE CASH FLOW
Cash From Operating Activities -$20.27M -$25.81M
Capital Expenditures $15.00K $23.00K
Free Cash Flow -$20.29M -$25.83M
YoY Change -15.94% 7.53%

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CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
671000 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
70831000 usd
CY2023Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
-0 usd
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
89000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
671000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
70742000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18866000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
60342000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
56220000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
45587000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37354000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
105929000 usd
CY2023Q1 urgn Non Cash New Lease Liabilities
NonCashNewLeaseLiabilities
95000 usd
CY2022Q1 urgn Non Cash New Lease Liabilities
NonCashNewLeaseLiabilities
6000 usd
CY2023Q1 urgn Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
IssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 usd
CY2022Q1 urgn Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
IssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
3000 usd
CY2023Q1 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 biotechnology company dedicated to developing and commercializing innovative solutions that treat urothelial and specialty cancers. 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> clinical development of UGN-<em style="font: inherit;">102,</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>
CY2023Q1 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;">2022,</em> as filed with the U.S. Securities and Exchange Commission (“SEC”) on <em style="font: inherit;"> March 24, 2023.</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 Company has experienced net losses since its inception and has an accumulated deficit o<span style="background-color:#ffffff;">f $607.3 </span>million and $577.1 million as of <em style="font: inherit;"> March 31, 2023</em> and <em style="font: inherit;"> December </em><em style="font: inherit;">31,</em> <em style="font: inherit;">2022,</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. The success of the Company depends on the ability to successfully commercialize its technologies to support its operations and strategic plan. </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;">In accordance with the accounting guidance related to the presentation of financial statements, management evaluates whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for the next <em style="font: inherit;">12</em> months from the date the financial statements are issued. The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, and do <em style="font: inherit;">not</em> include any adjustments relating to the carrying amounts and classification of assets and liabilities that <em style="font: inherit;"> may </em>be necessary should the Company be unable to continue as a going concern. The Company’s ability to continue as a going concern is expected to be impacted by its ability to raise additional capital to fund its operations, produce cash inflows from <i>Jelmyto</i> product sales and develop UGN-<em style="font: inherit;">102.</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 Company believes that absent sufficient proceeds received from equity, financing, or business development transactions, the Company will <em style="font: inherit;">not</em> have sufficient cash and cash equivalents to fund its operations beyond <em style="font: inherit;">one</em> year from the issuance of these financial statements. Accordingly, the Company will, over the next <em style="font: inherit;">12</em> months, require significant additional financing to continue its operations. In addition, there can be <em style="font: inherit;">no</em> assurances that the Company will be able to secure such additional financing if at all, on terms that are satisfactory to the Company, and in amounts sufficient to meet its needs. These factors raise substantial doubt about the ability of the Company to continue as a going concern. Failure to successfully receive additional financing will require the Company to delay, limit or reduce product development and commercialization efforts.</p> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p>
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-607300000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-577100000 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
17130000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
12383000 usd
CY2022Q4 urgn Accrued Clinical Expense
AccruedClinicalExpense
2853000 usd
CY2023Q1 urgn Accrued Research And Development Expense
AccruedResearchAndDevelopmentExpense
822000 usd
CY2023Q1 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 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> <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;"/>
CY2023Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
75200000 usd
CY2023Q1 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> <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; text-align: justify; margin: 0pt;"/>
CY2022Q4 urgn Accrued Research And Development Expense
AccruedResearchAndDevelopmentExpense
1285000 usd
CY2023Q1 urgn Accrued Selling General And Administrative Expense
AccruedSellingGeneralAndAdministrativeExpense
4185000 usd
CY2022Q4 urgn Accrued Selling General And Administrative Expense
AccruedSellingGeneralAndAdministrativeExpense
1609000 usd
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
6968000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
5527000 usd
CY2023Q1 urgn Accrued Sales Reserve Current
AccruedSalesReserveCurrent
1646000 usd
CY2022Q4 urgn Accrued Sales Reserve Current
AccruedSalesReserveCurrent
618000 usd
CY2023Q1 urgn Accrued Clinical Expense
AccruedClinicalExpense
2321000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
38679000 usd
CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
645000 usd
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
2000 usd
CY2023Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-15000 usd
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4000 usd
CY2023Q1 urgn Interest And Other Income Net
InterestAndOtherIncomeNet
630000 usd
CY2022Q1 urgn Interest And Other Income Net
InterestAndOtherIncomeNet
-2000 usd
CY2023Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5297000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4676000 usd
CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2960000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2019000 usd
CY2023Q1 urgn Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
8257000 usd
CY2022Q4 urgn Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
6695000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
38724000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
36000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
81000 usd
CY2023Q1 us-gaap Short Term Investments
ShortTermInvestments
39382000 usd
CY2023Q1 urgn Cash Cash Equivalents And Short Term Investments Accumulated Gross Unrealized Gain Before Tax
CashCashEquivalentsAndShortTermInvestmentsAccumulatedGrossUnrealizedGainBeforeTax
36000 usd
CY2023Q1 urgn Cash Cash Equivalents And Short Term Investments Accumulated Gross Unrealized Losses Before Tax
CashCashEquivalentsAndShortTermInvestmentsAccumulatedGrossUnrealizedLossesBeforeTax
81000 usd
CY2023Q1 urgn Cash Cash Equivalents And Short Term Investments Fair Value Disclosure
CashCashEquivalentsAndShortTermInvestmentsFairValueDisclosure
39337000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
22200000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
29172000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
44556000 usd
CY2023Q1 urgn Debt Securities Availableforsale Fair Value Maturity Allocated And Single Maturity Date After Year One Through Three
DebtSecuritiesAvailableforsaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughThree
10165000 usd
CY2022Q4 urgn Debt Securities Availableforsale Fair Value Maturity Allocated And Single Maturity Date After Year One Through Three
DebtSecuritiesAvailableforsaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughThree
0 usd
CY2023Q1 us-gaap Investments
Investments
39337000 usd
CY2022Q4 us-gaap Investments
Investments
44556000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4470000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4447000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3367000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3150000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1103000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1297000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
200000 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
200000 usd
CY2021Q4 urgn Prepaid Forward Obligation
PrepaidForwardObligation
85713000 usd
CY2021 urgn Financing On Prepaid Forward Obligation
FinancingOnPrepaidForwardObligation
21559000 usd
CY2021 urgn Decrease In Prepaid Forward Obligation Amounts Paid And Payable
DecreaseInPrepaidForwardObligationAmountsPaidAndPayable
8349000 usd
CY2022Q4 urgn Prepaid Forward Obligation
PrepaidForwardObligation
98923000 usd
CY2023Q1 urgn Financing On Prepaid Forward Obligation
FinancingOnPrepaidForwardObligation
5224000 usd
CY2023Q1 urgn Decrease In Prepaid Forward Obligation Amounts Paid And Payable
DecreaseInPrepaidForwardObligationAmountsPaidAndPayable
2235000 usd
CY2023Q1 urgn Prepaid Forward Obligation
PrepaidForwardObligation
101912000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
228000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
259000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
56000 usd
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
56000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
19000 usd
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
17000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
191000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
220000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2329000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2452000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1403000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1586000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
294000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
296000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
95000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y5M4D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M10D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1012 pure
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0578 pure
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
877000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
930000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
816000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
53000 usd
CY2023Q1 urgn Lessee Operating Lease Liability To Be Paid After Year Three
LesseeOperatingLeaseLiabilityToBePaidAfterYearThree
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2676000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
305000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2371000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
188000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
49000 usd
CY2023Q1 urgn Lessor Operating Lease Payment To Be Received After Next Year
LessorOperatingLeasePaymentToBeReceivedAfterNextYear
0 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
237000 usd
CY2022Q4 urgn Accrued Sales Reserve
AccruedSalesReserve
1437000 usd
CY2023Q1 urgn Sales Reserve Accruals
SalesReserveAccruals
5236000 usd
CY2023Q1 urgn Sales Reserve Utilization
SalesReserveUtilization
-4530000 usd
CY2023Q1 urgn Accrued Sales Reserve
AccruedSalesReserve
2143000 usd
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000.0
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
23400000
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
23100000
CY2023Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3545519
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1020735
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2286000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2949000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14.2 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3000000.0 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1100000 usd

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