2012 Q4 Form 10-Q Financial Statement

#000104746912010412 Filed on November 13, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.880M $2.300M $1.620M
YoY Change 139.51% 137.11%
% of Gross Profit
Research & Development $4.094M $8.132M $4.400M
YoY Change -6.95% 163.85%
% of Gross Profit
Depreciation & Amortization $60.00K $60.00K $40.00K
YoY Change 50.0% 100.0%
% of Gross Profit
Operating Expenses $7.976M $10.43M $6.020M
YoY Change 32.49% 157.72%
Operating Profit -$7.976M -$10.43M -$6.020M
YoY Change 32.49% 157.72%
Interest Expense $60.00K $60.00K $20.00K
YoY Change 200.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$7.920M -$10.37M -$6.010M
YoY Change 31.78% 156.05%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$7.921M -$10.37M -$6.005M
YoY Change 31.91% 156.17%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$390.0K -$514.4K -$297.1K
COMMON SHARES
Basic Shares Outstanding 21.26M shares 21.25M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.60M $46.90M $47.80M
YoY Change 18.41% 13.29%
Cash & Equivalents $10.10M $11.13M $20.95M
Short-Term Investments $46.50M $35.70M $26.90M
Other Short-Term Assets $300.0K $300.0K $100.0K
YoY Change 200.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $57.08M $47.28M $47.94M
YoY Change 19.07% 14.21%
LONG-TERM ASSETS
Property, Plant & Equipment $811.0K $884.0K $709.0K
YoY Change 14.39% 26.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $34.90M $50.60M $9.000M
YoY Change 287.78%
Other Assets $100.0K $100.0K $1.307M
YoY Change -92.35% -50.0%
Total Long-Term Assets $35.84M $51.55M $11.10M
YoY Change 223.01% 5054.9%
TOTAL ASSETS
Total Short-Term Assets $57.08M $47.28M $47.94M
Total Long-Term Assets $35.84M $51.55M $11.10M
Total Assets $92.92M $98.83M $59.04M
YoY Change 57.4% 133.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.848M $1.737M $2.273M
YoY Change -18.7% 44.75%
Accrued Expenses $551.0K $1.412M $873.0K
YoY Change -36.88% 101.71%
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 $2.399M $3.149M $3.146M
YoY Change -23.74% 57.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $58.00K $100.0K $500.0K
YoY Change -88.4% 0.0%
Total Long-Term Liabilities $58.00K $100.0K $500.0K
YoY Change -88.4% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.399M $3.149M $3.146M
Total Long-Term Liabilities $58.00K $100.0K $500.0K
Total Liabilities $2.457M $3.200M $3.700M
YoY Change -33.59% 52.38%
SHAREHOLDERS EQUITY
Retained Earnings -$46.45M -$38.53M -$14.47M
YoY Change 221.08%
Common Stock $2.000K $2.000K $1.000K
YoY Change 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $90.47M $95.61M -$12.77M
YoY Change
Total Liabilities & Shareholders Equity $92.92M $98.83M $59.04M
YoY Change 57.4% 133.09%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q4
OPERATING ACTIVITIES
Net Income -$7.921M -$10.37M -$6.005M
YoY Change 31.91% 156.17%
Depreciation, Depletion And Amortization $60.00K $60.00K $40.00K
YoY Change 50.0% 100.0%
Cash From Operating Activities -$5.920M -$6.740M -$4.070M
YoY Change 45.45% 57.85%
INVESTING ACTIVITIES
Capital Expenditures $10.00K -$150.0K -$40.00K
YoY Change -125.0% -58.33%
Acquisitions
YoY Change
Other Investing Activities $4.880M $2.260M -$35.85M
YoY Change -113.61%
Cash From Investing Activities $4.890M $2.110M -$35.88M
YoY Change -113.63% -670.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 19.48M
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -5.920M -6.740M -4.070M
Cash From Investing Activities 4.890M 2.110M -35.88M
Cash From Financing Activities 0.000 0.000 19.48M
Net Change In Cash -1.030M -4.630M -20.47M
YoY Change -94.97% -116.98%
FREE CASH FLOW
Cash From Operating Activities -$5.920M -$6.740M -$4.070M
Capital Expenditures $10.00K -$150.0K -$40.00K
Free Cash Flow -$5.930M -$6.590M -$4.030M
YoY Change 47.15% 68.54%

Facts In Submission

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dei Entity Registrant Name
EntityRegistrantName
Verastem, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001526119
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Amendment Flag
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false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2012Q3 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
97410000 USD
CY2012Q3 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
86306000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
43000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
132000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
754000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
86000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-840000 USD
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
43937000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
38000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
43975000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
20954000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
11126000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2000 USD
CY2012Q3 vstm Prepaid Contract Research Organizations Current
PrepaidContractResearchOrganizationsCurrent
154000 USD

Files In Submission

Name View Source Status
0001047469-12-010412-index-headers.html Edgar Link pending
0001047469-12-010412-index.html Edgar Link pending
0001047469-12-010412.txt Edgar Link pending
0001047469-12-010412-xbrl.zip Edgar Link pending
a2211464z10-q.htm Edgar Link pending
a2211464zex-10_1.htm Edgar Link pending
a2211464zex-10_2.htm Edgar Link pending
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a2211464zex-31_1.htm Edgar Link pending
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a2211464zex-32_1.htm Edgar Link pending
a2211464zex-32_2.htm Edgar Link pending
a2211464zex-99_1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
g195683kei001.jpg Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vstm-20120930.xml Edgar Link completed
vstm-20120930.xsd Edgar Link pending
vstm-20120930_cal.xml Edgar Link unprocessable
vstm-20120930_def.xml Edgar Link unprocessable
vstm-20120930_lab.xml Edgar Link unprocessable
vstm-20120930_pre.xml Edgar Link unprocessable