2023 Q2 Form 10-Q Financial Statement
#000147793223003240 Filed on May 10, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
Revenue | $216.3K | $149.8K | $119.7K |
YoY Change | 444.15% | 31.17% | 740.73% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $4.314M | $4.289M | $4.186M |
YoY Change | -11.23% | 5.7% | -19.4% |
% of Gross Profit | |||
Research & Development | $5.451M | $4.906M | $3.637M |
YoY Change | 66.23% | 42.46% | 8.1% |
% of Gross Profit | |||
Depreciation & Amortization | $288.3K | $250.9K | $249.0K |
YoY Change | 27.91% | 23.93% | 5.11% |
% of Gross Profit | |||
Operating Expenses | $9.765M | $9.195M | $8.130M |
YoY Change | 19.98% | 18.02% | -7.6% |
Operating Profit | -$9.549M | -$9.045M | |
YoY Change | 17.9% | 17.82% | |
Interest Expense | -$31.21K | $6.330K | $9.930K |
YoY Change | 20.18% | -84.57% | -128.42% |
% of Operating Profit | |||
Other Income/Expense, Net | -$2.241K | $172.1K | $664.6K |
YoY Change | -100.57% | -519.5% | -6.63% |
Pretax Income | -$9.551M | -$8.873M | -$7.336M |
YoY Change | 23.53% | 14.96% | -9.52% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$9.551M | -$8.780M | -$7.242M |
YoY Change | 23.53% | 13.75% | -9.87% |
Net Earnings / Revenue | -4415.55% | -5860.53% | -6049.2% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.14 | -$0.15 | -$0.13 |
COMMON SHARES | |||
Basic Shares Outstanding | 63.18M shares | 63.10M shares | 57.52M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $19.74M | $10.01M | $10.87M |
YoY Change | 18.01% | -57.82% | -47.2% |
Cash & Equivalents | $19.74M | $10.01M | $10.87M |
Short-Term Investments | |||
Other Short-Term Assets | $542.6K | $716.9K | $447.6K |
YoY Change | -44.29% | -66.69% | -43.1% |
Inventory | |||
Prepaid Expenses | $1.025M | $1.111M | $784.9K |
Receivables | $196.5K | $118.6K | $72.61K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $21.51M | $11.96M | $12.17M |
YoY Change | 15.33% | -53.93% | -44.62% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.455M | $5.402M | $5.393M |
YoY Change | 13.47% | 14.42% | 9.81% |
Goodwill | |||
YoY Change | |||
Intangibles | $67.72K | $90.83K | $110.5K |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $6.054M | $6.086M | $6.123M |
YoY Change | 6.24% | 6.27% | 11.09% |
TOTAL ASSETS | |||
Total Short-Term Assets | $21.51M | $11.96M | $12.17M |
Total Long-Term Assets | $6.054M | $6.086M | $6.123M |
Total Assets | $27.56M | $18.04M | $18.30M |
YoY Change | 13.2% | -43.05% | -33.45% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.493M | $2.989M | $3.043M |
YoY Change | 34.22% | 35.56% | 97.28% |
Accrued Expenses | $3.391M | $2.719M | $2.872M |
YoY Change | 4.77% | -28.21% | -24.98% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $1.199M | $1.121M | $1.067M |
YoY Change | 10.53% | -21.16% | 33.7% |
Total Short-Term Liabilities | $18.80M | $17.24M | $17.39M |
YoY Change | 8.37% | -1.57% | 166.83% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.452M | $2.549M | $2.779M |
YoY Change | 40.68% | -7.83% | 22.39% |
Other Long-Term Liabilities | $340.3K | $381.7K | $400.1K |
YoY Change | -34.49% | -35.78% | 84.11% |
Total Long-Term Liabilities | $2.452M | $2.549M | $2.779M |
YoY Change | 40.68% | -24.13% | 22.39% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $18.80M | $17.24M | $17.39M |
Total Long-Term Liabilities | $2.452M | $2.549M | $2.779M |
Total Liabilities | $22.44M | $21.02M | $21.42M |
YoY Change | 10.73% | 2.23% | 119.3% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$185.5M | -$176.0M | -$167.3M |
YoY Change | 21.83% | 22.1% | |
Common Stock | $78.14K | $63.11K | $57.87K |
YoY Change | 45.11% | 7.63% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $5.844M | -$2.336M | -$3.127M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $27.56M | $18.04M | $18.30M |
YoY Change | 13.2% | -43.05% | -33.45% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$9.551M | -$8.780M | -$7.242M |
YoY Change | 23.53% | 13.75% | -9.87% |
Depreciation, Depletion And Amortization | $288.3K | $250.9K | $249.0K |
YoY Change | 27.91% | 23.93% | 5.11% |
Cash From Operating Activities | -$7.348M | -$8.745M | -$5.183M |
YoY Change | 17.27% | -392.48% | 17.55% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $301.4K | $200.6K | $578.7K |
YoY Change | -155.68% | 60.93% | -550.14% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$301.4K | -$200.6K | -$578.7K |
YoY Change | -44.32% | 60.93% | 350.14% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $223.3K | ||
YoY Change | -10.92% | ||
Cash From Financing Activities | 17.34M | $8.147M | 305.4K |
YoY Change | -3867.97% | 2124.85% | -85.44% |
NET CHANGE | |||
Cash From Operating Activities | -7.348M | -$8.745M | -5.183M |
Cash From Investing Activities | -301.4K | -$200.6K | -578.7K |
Cash From Financing Activities | 17.34M | $8.147M | 305.4K |
Net Change In Cash | 9.691M | -$856.2K | -5.456M |
YoY Change | -233.36% | -127.17% | 123.58% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$7.348M | -$8.745M | -$5.183M |
Capital Expenditures | $301.4K | $200.6K | $578.7K |
Free Cash Flow | -$7.649M | -$8.945M | -$5.762M |
YoY Change | 33.63% | -412.21% | 34.6% |
Facts In Submission
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NetCashProvidedByUsedInInvestingActivities
|
-200592 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-124648 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
8427655 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
9467 | usd |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
14336 | usd |
CY2022Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
0 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
31772 | usd |
CY2022Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
8146762 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-57598 | usd |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-80304 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-856172 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3151066 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10867050 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20581313 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10010878 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
23732379 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
51322 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
41009 | usd |
CY2023Q1 | vnrx |
Common Stock Issued On Cashless Exercises Of Stock Options And Warrants
CommonStockIssuedOnCashlessExercisesOfStockOptionsAndWarrants
|
27 | usd |
CY2022Q1 | vnrx |
Common Stock Issued On Cashless Exercises Of Stock Options And Warrants
CommonStockIssuedOnCashlessExercisesOfStockOptionsAndWarrants
|
15 | usd |
CY2023Q1 | vnrx |
Offering Costs From Issuance Of Common Stock
OfferingCostsFromIssuanceOfCommonStock
|
195892 | usd |
CY2022Q1 | vnrx |
Offering Costs From Issuance Of Common Stock
OfferingCostsFromIssuanceOfCommonStock
|
0 | usd |
CY2023Q1 | vnrx |
Non Cash Note Payable
NonCashNotePayable
|
356258 | usd |
CY2022Q1 | vnrx |
Non Cash Note Payable
NonCashNotePayable
|
620549 | usd |
CY2023Q1 | vnrx |
Amount Held In Money Market Account
AmountHeldInMoneyMarketAccount
|
3300000 | usd |
CY2023Q1 | vnrx |
Covid19 Pandemic Impact Policy Textblock
COVID19PandemicImpactPolicyTextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">As of the date of this filing, global economies continue to experience volatility in the wake of the COVID-19 pandemic. As a result of the pandemic, the Company previously experienced disruptions to its clinical trials, including patient enrollment and sample collection delays.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Although the Company has taken steps to mitigate the impacts of the COVID-19 pandemic and the related developments, the extent to which the pandemic may impact its business, financial condition, and results of operations in future periods is uncertain and will be affected by a number of factors outside of the Company’s control.</p> | |
CY2023Q1 | vnrx |
Common Stock Share Authorized
CommonStockShareAuthorized
|
100000000 | shares |
CY2023Q1 | vnrx |
Common Stock Price Per Sahres
CommonStockPricePerSahres
|
0.001 | |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
63111766 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
57873379 | shares |
CY2023Q1 | vnrx |
Common Stock Shares Expired
CommonStockSharesExpired
|
125000 | shares |
CY2023Q1 | vnrx |
Weighted Average Remaining Contractual Life
WeightedAverageRemainingContractualLife
|
P3Y11M1D | |
CY2023Q1 | vnrx |
Compensation Expense Rsus
CompensationExpenseRsus
|
112325 | shares |
CY2023Q1 | vnrx |
Rsu Expense
RsuExpense
|
193199 | usd |
CY2023Q1 | vnrx |
Equity Incentive Rsu
EquityIncentiveRsu
|
34000 | shares |
CY2023Q1 | vnrx |
Incentive Rsu Issued
IncentiveRsuIssued
|
26978 | shares |
CY2023Q1 | vnrx |
Rsus Held For Taxes
RsusHeldForTaxes
|
7022 | usd |
CY2023Q1 | vnrx |
Operating Leases Future Minimum Payment Due Current
OperatingLeasesFutureMinimumPaymentDueCurrent
|
27794 | usd |
CY2023Q1 | vnrx |
Operating Leases Future Minimum Payment Due In Two Years
OperatingLeasesFutureMinimumPaymentDueInTwoYears
|
4055 | usd |
CY2023Q1 | vnrx |
Operating Leases Future Minimum Lease Payment Due
OperatingLeasesFutureMinimumLeasePaymentDue
|
31849 | usd |
CY2023Q1 | vnrx |
Grant Repyable
GrantRepyable
|
468333 | usd |
CY2023Q1 | vnrx |
Long Term Debt Payable
LongTermDebtPayable
|
3670185 | usd |
CY2023Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
986465 | usd |
CY2023Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
1153075 | usd |
CY2023Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
713500 | usd |
CY2023Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
486624 | usd |
CY2023Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
285276 | usd |
CY2023Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
452628 | usd |
CY2023Q1 | vnrx |
Long Term Debt Due
LongTermDebtDue
|
4077568 | usd |
CY2023Q1 | vnrx |
Long Term Debt Less Amount Representing Interest
LongTermDebtLessAmountRepresentingInterest
|
-407383 | usd |
CY2023Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
3670185 | usd |
CY2023Q1 | vnrx |
Payments For Future Research And Collobration
PaymentsForFutureResearchAndCollobration
|
959406 | usd |
CY2023Q1 | vnrx |
Future Minimum Collaborative Agreement Obligations Of Fiscal Year
FutureMinimumCollaborativeAgreementObligationsOfFiscalYear
|
877633 | usd |
CY2023Q1 | vnrx |
Future Minimum Collaborative Agreement Obligations Of Fiscal Year One To Five
FutureMinimumCollaborativeAgreementObligationsOfFiscalYearOneToFive
|
81773 | usd |
CY2023Q1 | vnrx |
Collaborative Agreement Obligations
CollaborativeAgreementObligations
|
959406 | usd |
CY2020Q4 | vnrx |
Aggerate Amount Payable Description
AggerateAmountPayableDescription
|
under the agreement will be completed by the end of the third quarter 2023 at a total cost to the Company of up to $4.2 million | |
CY2023Q1 | vnrx |
Amount Repayable
AmountRepayable
|
143550 | usd |
CY2023Q1 | vnrx |
Payable By Company For Services Rendered
PayableByCompanyForServicesRendered
|
2173569 | usd |
CY2023Q1 | vnrx |
First Insurance Funding Amount
FirstInsuranceFundingAmount
|
356258 | usd |
CY2023Q1 | vnrx |
Fixed Interest Rate
FixedInterestRate
|
0.0742 | pure |
CY2023Q1 | vnrx |
Line Of Credit Facility Expiration Dates One
LineOfCreditFacilityExpirationDatesOne
|
November 2023 | |
CY2023Q1 | vnrx |
Insurance Principal Balance Payable
InsurancePrincipalBalancePayable
|
316673 | usd |
CY2023Q1 | vnrx |
Stock Option Granted Shares
StockOptionGrantedShares
|
1000000 | shares |
CY2023Q1 | vnrx |
Restricted Stock Option Granted Shares
RestrictedStockOptionGrantedShares
|
500000 | shares |
CY2023Q1 | vnrx |
Accrued Compensation Expense
AccruedCompensationExpense
|
726048 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
494485 | usd |
CY2023Q1 | vnrx |
Amortised Of Outstanding Award Amount One
AmortisedOfOutstandingAwardAmountOne
|
248624 | usd |
CY2023Q1 | vnrx |
Amortised Of Outstanding Award Amount
AmortisedOfOutstandingAwardAmount
|
245861 | usd |
CY2023Q1 | vnrx |
Un Amortised Of Outstanding Award
UnAmortisedOfOutstandingAward
|
1159695 | usd |