2020 Q1 Form 10-K Financial Statement

#000156459020013194 Filed on March 26, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2018 Q4
Revenue $5.718M $980.0K $3.126M
YoY Change 56.19% -68.65%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $12.65M $11.81M $7.950M
YoY Change 47.78% 48.55%
% of Gross Profit
Research & Development $64.98M $52.93M $21.97M
YoY Change 151.16% 140.92%
% of Gross Profit
Depreciation & Amortization $1.000M $1.150M $900.0K
YoY Change 42.86% 27.78%
% of Gross Profit
Operating Expenses $77.63M $64.74M $29.92M
YoY Change 125.46% 116.36%
Operating Profit -$71.91M
YoY Change 133.7%
Interest Expense $1.760M $1.950M $620.0K
YoY Change -21.78% 214.52%
% of Operating Profit
Other Income/Expense, Net -$5.314M -$1.810M -$200.0K
YoY Change -353.05% 805.0%
Pretax Income -$77.22M -$63.62M -$26.37M
YoY Change 169.35% 141.26%
Income Tax $16.00K $150.0K $20.00K
% Of Pretax Income
Net Earnings -$77.24M -$63.77M -$26.39M
YoY Change 169.41% 141.62%
Net Earnings / Revenue -1350.82% -6507.24% -844.31%
Basic Earnings Per Share -$0.71 -$0.69
Diluted Earnings Per Share -$0.71 -$0.71 -$241.2K
COMMON SHARES
Basic Shares Outstanding 109.8M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $355.6M $383.4M
YoY Change
Cash & Equivalents $168.4M $109.3M $47.60M
Short-Term Investments $187.2M $274.1M
Other Short-Term Assets $21.90M $19.60M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $377.5M $403.0M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $16.24M $16.31M $12.29M
YoY Change 32.69%
Goodwill $16.94M
YoY Change
Intangibles $35.69M
YoY Change
Long-Term Investments $6.100M $24.30M
YoY Change
Other Assets $8.900M $15.80M
YoY Change
Total Long-Term Assets $99.60M $109.1M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $377.5M $403.0M
Total Long-Term Assets $99.60M $109.1M
Total Assets $477.1M $512.1M $191.6M
YoY Change 167.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.80M $5.881M $6.473M
YoY Change -9.15%
Accrued Expenses $21.70M $26.50M $14.53M
YoY Change 82.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0K $200.0K
YoY Change
Total Short-Term Liabilities $56.40M $59.21M $39.91M
YoY Change 48.36%
LONG-TERM LIABILITIES
Long-Term Debt $800.0K $900.0K
YoY Change
Other Long-Term Liabilities $36.30M $3.568M $1.588M
YoY Change 124.69%
Total Long-Term Liabilities $37.10M $3.568M $1.588M
YoY Change 124.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.40M $59.21M $39.91M
Total Long-Term Liabilities $37.10M $3.568M $1.588M
Total Liabilities $96.80M $88.13M $61.64M
YoY Change 42.98%
SHAREHOLDERS EQUITY
Retained Earnings -$445.8M -$368.5M -$193.8M
YoY Change 90.12%
Common Stock $11.00K $1.000K
YoY Change 1000.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $380.3M $423.9M -$179.2M
YoY Change
Total Liabilities & Shareholders Equity $477.1M $512.1M $191.6M
YoY Change 167.27%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income -$77.24M -$63.77M -$26.39M
YoY Change 169.41% 141.62%
Depreciation, Depletion And Amortization $1.000M $1.150M $900.0K
YoY Change 42.86% 27.78%
Cash From Operating Activities -$48.41M -$38.88M -$29.51M
YoY Change 64.16% 31.75%
INVESTING ACTIVITIES
Capital Expenditures $1.302M -$1.550M -$2.810M
YoY Change -62.54% -44.84%
Acquisitions
YoY Change
Other Investing Activities $105.5M -$72.22M $18.90M
YoY Change -138.98% -482.12%
Cash From Investing Activities $104.2M -$73.77M $16.10M
YoY Change -138.01% -558.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 85.00K 130.1M 10.44M
YoY Change -99.97% 1146.17%
NET CHANGE
Cash From Operating Activities -48.41M -38.88M -29.51M
Cash From Investing Activities 104.2M -73.77M 16.10M
Cash From Financing Activities 85.00K 130.1M 10.44M
Net Change In Cash 55.90M 17.45M -2.970M
YoY Change 306.33% -687.54%
FREE CASH FLOW
Cash From Operating Activities -$48.41M -$38.88M -$29.51M
Capital Expenditures $1.302M -$1.550M -$2.810M
Free Cash Flow -$49.71M -$37.33M -$26.70M
YoY Change 50.8% 39.81%

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DepreciationDepletionAndAmortization
255000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1223000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1138000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
177000
CY2019 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
179000
CY2018 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
328000
CY2019 vir Change In Estimated Fair Value Of Contingent Consideration
ChangeInEstimatedFairValueOfContingentConsideration
8330000
CY2018 vir Change In Estimated Fair Value Of Contingent Consideration
ChangeInEstimatedFairValueOfContingentConsideration
250000
CY2017 vir Change In Estimated Fair Value Of Contingent Consideration
ChangeInEstimatedFairValueOfContingentConsideration
2750000
CY2019 vir Initial Fair Value Of Derivative Liability
InitialFairValueOfDerivativeLiability
13599000
CY2019 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1150000
CY2019 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
2049000
CY2018 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
95000
CY2017 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-82000
CY2018 vir Preferred Stock Issued In Connection With Asset Acquisition
PreferredStockIssuedInConnectionWithAssetAcquisition
1750000
CY2019 vir Common Stock Issued In Connection With License Agreement
CommonStockIssuedInConnectionWithLicenseAgreement
617000
CY2017 vir Common Stock Issued In Connection With License Agreement
CommonStockIssuedInConnectionWithLicenseAgreement
1651000
CY2018 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
480000
CY2019 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
317335000
CY2018 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
14254000
CY2017 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
271182000
CY2019 vir Failed Sale Leaseback Transaction Proceeds Financing Activities
FailedSaleLeasebackTransactionProceedsFinancingActivities
1202000
CY2019 vir Cash Paid In Lieu Of Fractional Shares In Reverse Split Of Common Stock
CashPaidInLieuOfFractionalSharesInReverseSplitOfCommonStock
3000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
95000
CY2017 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
10924000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
8719000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
5053000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
4782000
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4619000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4172000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2600000
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1881000
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-151000
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
246000
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
964000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1471000
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2011000
CY2019 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
10211000
CY2018 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
7171000
CY2017 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
4809000
CY2019 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
3529000
CY2018 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7873000
CY2017 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
888000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-129632000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-94096000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-66381000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8940000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8192000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2742000
CY2019 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
643898000
CY2018 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
123105000
CY2019 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
396680000
CY2018 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
72574000
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
25000
CY2018 us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
1743000
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
27252000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-256158000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-60441000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29994000
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
126411000
CY2019 vir Proceeds From Repayment Of Promissory Notes
ProceedsFromRepaymentOfPromissoryNotes
3265000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1129000
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
584000
CY2018 vir Advanced Proceeds From Convertible Preferred Stock Financing
AdvancedProceedsFromConvertiblePreferredStockFinancing
10140000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
449244000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24978000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
271182000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
63454000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-129559000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
174807000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59362000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
188921000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14114000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122816000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59362000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
188921000
CY2017 us-gaap Stock Issued1
StockIssued1
2475000
CY2017 vir Contingent Consideration Recorded In Connection With Business Acquisitions
ContingentConsiderationRecordedInConnectionWithBusinessAcquisitions
6250000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
892000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1996000
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1885000
CY2017 vir Issuance Costs For Convertible Preferred Stock In Accounts Payable And Accrued Liabilities
IssuanceCostsForConvertiblePreferredStockInAccountsPayableAndAccruedLiabilities
15000
CY2017 vir Receipt Of Promissory Note From Related Parties For Purchase Of Common Stock
ReceiptOfPromissoryNoteFromRelatedPartiesForPurchaseOfCommonStock
3159000
CY2018 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
593000
CY2019 vir Conversion Of Preferred Stock Into Common Stock Upon Completion Of Initial Public Offering
ConversionOfPreferredStockIntoCommonStockUponCompletionOfInitialPublicOffering
636612000
CY2019 vir Reclassification Of Preferred Stock Warrant Liability To Additional Paid In Capital
ReclassificationOfPreferredStockWarrantLiabilityToAdditionalPaidInCapital
3073000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
109335000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47598000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
187918000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
6181000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
7300000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
188921000
CY2019 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On September 16, 2019, the Company’s board of directors approved an amendment to the Company’s amended and restated certificate of incorporation to effect a 1-for-4.5 reverse split (“Reverse Split”) of shares of the Company’s common and convertible preferred stock, which was effected on September 27, 2019.
CY2019Q4 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
126400000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-368500000
CY2019Q4 vir Cash And Cash Equivalents And Investments
CashAndCashEquivalentsAndInvestments
407700000
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expense during the reporting periods. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. Actual results could materially differ from those estimates. </p>
CY2019 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentration of Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and short and long-term investments. Cash and cash equivalents are deposited in checking and sweep accounts at a financial institution. Such deposits may, at times, exceed federally insured limits. The Company has not experienced any losses on its deposits of cash and cash equivalents. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company’s investment policy limits investments to certain types of securities issued by the U.S. government, its agencies and institutions with investment-grade credit ratings and places restrictions on maturities and concentration by type and issuer. The Company is exposed to credit risk in the event of a default by the financial institutions holding its cash, cash equivalents and investments, and issuers of the investments to the extent recorded on the consolidated balance sheets. As of December 31, 2019, the Company has no off-balance sheet concentrations of credit risk. </p>
CY2019 us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the respective assets, generally three to five years.
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2019 us-gaap Finite Lived Intangible Assets Amortization Method
FiniteLivedIntangibleAssetsAmortizationMethod
Amortization is computed using the straight-line method over the estimated useful lives of the respective finite-lived intangible assets, generally three to twelve years.
CY2019 us-gaap Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
<p id="T0" style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company evaluates certain of its financial and business development transactions to determine if embedded components of these contracts meet the definition of a derivative under Topic ASC 815, “<span style="font-style:italic;">Derivatives and Hedging</span>”. In general, embedded derivatives are required to be bifurcated from the host instrument if (i) the embedded feature is not clearly and closely related to the host contract and (ii) the embedded feature, if considered a freestanding instrument, meets the definition of a derivative. The embedded derivatives are reported on the consolidated balance sheets at their estimated fair values. Any change in estimated fair values, as determined at each measurement period, are recorded in the consolidated statements of operations.</p>
CY2019Q4 vir Embedded Derivative Initial Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeInitialFairValueOfEmbeddedDerivativeLiability
13600000
CY2019Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
12400000
CY2019Q4 vir Financial Assets Amortized Cost Basis
FinancialAssetsAmortizedCostBasis
406883000
CY2019Q4 vir Financial Assets Gross Unrealized Holding Gains
FinancialAssetsGrossUnrealizedHoldingGains
140000
CY2019Q4 vir Financial Assets Gross Unrealized Holding Losses
FinancialAssetsGrossUnrealizedHoldingLosses
5000
CY2019Q4 vir Financial Assets Fair Value
FinancialAssetsFairValue
407018000
CY2019Q4 vir Financial Liabilities Amortized Cost Basis
FinancialLiabilitiesAmortizedCostBasis
30029000
CY2019Q4 vir Financial Liabilities Fair Value
FinancialLiabilitiesFairValue
30029000
CY2018Q4 vir Financial Assets Amortized Cost Basis
FinancialAssetsAmortizedCostBasis
94459000
CY2018Q4 vir Financial Assets Gross Unrealized Holding Losses
FinancialAssetsGrossUnrealizedHoldingLosses
14000
CY2018Q4 vir Financial Liabilities Amortized Cost Basis
FinancialLiabilitiesAmortizedCostBasis
10274000
CY2018Q4 vir Financial Liabilities Fair Value
FinancialLiabilitiesFairValue
10274000
CY2019 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
100000
CY2018 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
-14000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1223000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
584000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
499000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
499000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
226000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3031000
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
21140000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14006000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4832000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1716000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16308000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12290000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3300000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1600000
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
300000
CY2019Q3 vir Sale Leaseback Transaction Proceeds From Financing Obligations
SaleLeasebackTransactionProceedsFromFinancingObligations
1200000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
200000
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
900000
CY2019Q4 vir Payroll And Related Expenses Current
PayrollAndRelatedExpensesCurrent
9410000
CY2018Q4 vir Payroll And Related Expenses Current
PayrollAndRelatedExpensesCurrent
6165000
CY2019Q4 vir Research And Development Expenses Current
ResearchAndDevelopmentExpensesCurrent
12530000
CY2018Q4 vir Research And Development Expenses Current
ResearchAndDevelopmentExpensesCurrent
5016000
CY2019Q4 vir Restricted Stock Liability Current
RestrictedStockLiabilityCurrent
1434000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
237000
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1634000
CY2018Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
694000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1250000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2659000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
26495000
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14534000
CY2019 vir Lease Arrangement Contractual Expiration Beginning Year
LeaseArrangementContractualExpirationBeginningYear
2020
CY2019 vir Lease Arrangement Contractual Expiration Ending Year
LeaseArrangementContractualExpirationEndingYear
2028
CY2019 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
The lease agreements also provide the Company with the option to renew for additional periods ranging from one to five years
CY2019Q4 vir Lessee Operating And Finance Lease Liability Payments Due Next Twelve Months
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4525000
CY2019Q4 vir Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
4145000
CY2019Q4 vir Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
4206000
CY2019Q4 vir Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
4250000
CY2019Q4 vir Lessee Operating And Finance Lease Liability Payments Due Year Four And Thereafter
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFourAndThereafter
4005000
CY2019Q4 vir Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
21131000
CY2019 vir Operating And Finance Rent Expense
OperatingAndFinanceRentExpense
4400000
CY2018 vir Operating And Finance Rent Expense
OperatingAndFinanceRentExpense
4000000.0
CY2017 vir Operating And Finance Rent Expense
OperatingAndFinanceRentExpense
2600000
CY2018Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
421450000
CY2018Q4 vir Temporary Equity Shares Issued And Outstanding
TemporaryEquitySharesIssuedAndOutstanding
69910520
CY2018Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
309137000
CY2018Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
333058000
CY2019 us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
Each share of Series A-1 convertible preferred stock, Series A-2 convertible preferred stock and Series B convertible preferred stock was convertible, at the option of the holder, into one share of common stock, subject to certain adjustments for dilution, if any, resulting from future stock issuances.
CY2016Q3 us-gaap Class Of Warrant Or Righst Date From Which Warrants Or Rights Exercisable
ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable
2026-09-11
CY2016Q3 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P10Y
CY2018Q4 vir Convertible Preferred Stock Warrant Liability
ConvertiblePreferredStockWarrantLiability
1000000.0
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8719000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5053000
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4782000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9506253
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
80014621
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
75730421
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1200000
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
700000
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
154000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
20000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-138724000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-110399000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-77947000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-35805000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-5965000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-2829000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-174529000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-116364000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-80776000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
154000
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
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CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
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CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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CY2019Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2018Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2019Q4 vir Deferred Tax Liabilities In Process Research And Development
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CY2018Q4 vir Deferred Tax Liabilities In Process Research And Development
DeferredTaxLiabilitiesInProcessResearchAndDevelopment
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CY2019Q4 vir Deferred Tax Assets Liabilities Before Valuation Allowance
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CY2018Q4 vir Deferred Tax Assets Liabilities Before Valuation Allowance
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CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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