2021 Q4 Form 10-Q Financial Statement

#000143774921025287 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $74.00K $200.0K $265.0K
YoY Change -79.21% -24.53% -41.63%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.754M $5.042M $4.190M
YoY Change 12.16% 20.33% 186.99%
% of Gross Profit
Research & Development $15.53M $12.41M $4.616M
YoY Change 80.79% 168.83% 24.32%
% of Gross Profit
Depreciation & Amortization $1.198M $211.0K $34.00K
YoY Change 39.3% 520.59% -74.05%
% of Gross Profit
Operating Expenses $24.29M $17.45M $7.854M
YoY Change 77.07% 122.19% 51.97%
Operating Profit -$17.25M -$7.589M
YoY Change 127.32% 60.99%
Interest Expense $23.00K $26.00K
YoY Change 130.0%
% of Operating Profit
Other Income/Expense, Net -$343.0K -$337.0K -$470.0K
YoY Change -27.02% -28.3% -8.74%
Pretax Income -$20.75M -$17.56M -$8.059M
YoY Change 50.01% 117.92% 54.12%
Income Tax $18.00K $21.00K $26.00K
% Of Pretax Income
Net Earnings -$20.76M -$17.58M -$8.085M
YoY Change 49.8% 117.48% 53.71%
Net Earnings / Revenue -28059.46% -8791.5% -3050.94%
Basic Earnings Per Share -$0.14
Diluted Earnings Per Share -$165.5K -$141.8K -$75.10K
COMMON SHARES
Basic Shares Outstanding 125.5M 122.8M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $166.5M $187.7M $133.4M
YoY Change 31.23% 40.68% 580.61%
Cash & Equivalents $143.7M $167.2M $133.4M
Short-Term Investments $22.74M $20.44M
Other Short-Term Assets $2.609M $4.441M $1.700M
YoY Change 100.69% 161.24% 54.55%
Inventory
Prepaid Expenses
Receivables $71.00K $190.0K $250.0K
Other Receivables $300.0K
Total Short-Term Assets $169.2M $192.3M $135.6M
YoY Change 31.62% 41.82% 537.96%
LONG-TERM ASSETS
Property, Plant & Equipment $6.601M $5.427M $662.0K
YoY Change 346.01% 719.79% -54.94%
Goodwill $4.508M
YoY Change
Intangibles $10.62M $14.06M $15.79M
YoY Change -30.84% -10.97% -9.88%
Long-Term Investments $16.21M $16.28M
YoY Change
Other Assets $890.0K $828.0K $72.00K
YoY Change 139.25% 1050.0% -50.34%
Total Long-Term Assets $52.00M $48.84M $19.12M
YoY Change 116.21% 155.43% -10.83%
TOTAL ASSETS
Total Short-Term Assets $169.2M $192.3M $135.6M
Total Long-Term Assets $52.00M $48.84M $19.12M
Total Assets $221.2M $241.1M $154.7M
YoY Change 44.95% 55.86% 262.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.872M $3.745M $1.871M
YoY Change 81.53% 100.16% 78.36%
Accrued Expenses $5.064M $4.387M $3.724M
YoY Change 5.52% 17.8% 132.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $800.0K $3.100M $3.000M
YoY Change -71.43% 3.33% 20.0%
Total Short-Term Liabilities $10.78M $12.60M $10.30M
YoY Change -8.33% 22.26% 12.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $171.0K $156.0K
YoY Change 56.88%
Total Long-Term Liabilities $171.0K $156.0K $0.00
YoY Change 56.88% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.78M $12.60M $10.30M
Total Long-Term Liabilities $171.0K $156.0K $0.00
Total Liabilities $33.64M $36.19M $23.03M
YoY Change 15.28% 57.12% -3.19%
SHAREHOLDERS EQUITY
Retained Earnings -$219.4M -$198.6M -$135.0M
YoY Change 47.33% 47.08% 22.46%
Common Stock $407.0M $403.5M $266.7M
YoY Change 49.46% 51.31% 106.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $187.5M $204.9M $131.7M
YoY Change
Total Liabilities & Shareholders Equity $221.2M $241.1M $154.7M
YoY Change 44.95% 55.86% 262.36%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$20.76M -$17.58M -$8.085M
YoY Change 49.8% 117.48% 53.71%
Depreciation, Depletion And Amortization $1.198M $211.0K $34.00K
YoY Change 39.3% 520.59% -74.05%
Cash From Operating Activities -$15.81M -$14.27M -$9.250M
YoY Change 46.83% 54.24% 113.63%
INVESTING ACTIVITIES
Capital Expenditures -$1.015M -$1.324M -$310.0K
YoY Change 12.78% 327.1% 138.46%
Acquisitions
YoY Change
Other Investing Activities -$7.162M -$3.088M $0.00
YoY Change
Cash From Investing Activities -$8.177M -$4.412M -$310.0K
YoY Change 808.56% 1323.23% 138.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 505.0K 20.64M 98.61M
YoY Change -90.1% -79.07% 1170.75%
NET CHANGE
Cash From Operating Activities -15.81M -14.27M -9.250M
Cash From Investing Activities -8.177M -4.412M -310.0K
Cash From Financing Activities 505.0K 20.64M 98.61M
Net Change In Cash -23.49M 1.965M 89.05M
YoY Change 257.47% -97.79% 2598.48%
FREE CASH FLOW
Cash From Operating Activities -$15.81M -$14.27M -$9.250M
Capital Expenditures -$1.015M -$1.324M -$310.0K
Free Cash Flow -$14.80M -$12.94M -$8.940M
YoY Change 49.94% 44.78% 112.86%

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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3871000 USD
us-gaap Net Income Loss
NetIncomeLoss
-18359000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
131678000 USD
us-gaap Net Income Loss
NetIncomeLoss
-49706000 USD
us-gaap Net Income Loss
NetIncomeLoss
-18359000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3010000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1846000 USD
us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
55000 USD
us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5954000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3871000 USD
vxrt Noncash Interest Expense On Liability
NoncashInterestExpenseOnLiability
1137000 USD
vxrt Noncash Interest Expense On Liability
NoncashInterestExpenseOnLiability
1401000 USD
vxrt Noncash Revenue Related To Sale Of Future Royalties
NoncashRevenueRelatedToSaleOfFutureRoyalties
908000 USD
vxrt Noncash Revenue Related To Sale Of Future Royalties
NoncashRevenueRelatedToSaleOfFutureRoyalties
3027000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-144000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3369000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3570000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1384000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1483000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
810000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1617000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1511000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-44018000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-40920000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-318000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1849000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
25951000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1240000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
402000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12984000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4142000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
321000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
41278000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
-0 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
4500000 USD
vxrt Proceeds From Disgorgement Of Shortswing Profits Net Of Costs
ProceedsFromDisgorgementOfShortswingProfitsNetOfCosts
0 USD
vxrt Proceeds From Disgorgement Of Shortswing Profits Net Of Costs
ProceedsFromDisgorgementOfShortswingProfitsNetOfCosts
652000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
125299000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
133214000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
40361000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
119912000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
126870000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13526000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
167231000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
133438000 USD
vxrt Issuance Of Warrants To Placement Agents Designees
IssuanceOfWarrantsToPlacementAgentsDesignees
0 USD
vxrt Issuance Of Warrants To Placement Agents Designees
IssuanceOfWarrantsToPlacementAgentsDesignees
453000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6939000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1022000 USD
vxrt Leaserelated Assets And Liabilities Derecognized On Early Termination And Modification Of Leases
LeaserelatedAssetsAndLiabilitiesDerecognizedOnEarlyTerminationAndModificationOfLeases
235000 USD
vxrt Leaserelated Assets And Liabilities Derecognized On Early Termination And Modification Of Leases
LeaserelatedAssetsAndLiabilitiesDerecognizedOnEarlyTerminationAndModificationOfLeases
0 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
289000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
213000 USD
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><b>Use of Estimates</b> – 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, liabilities, revenues and expenses and disclosure of contingent assets and liabilities in the financial statements and accompanying notes. Actual results and outcomes could differ from these estimates and assumptions.</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"> </p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><b>Concentration of Credit Risk</b> – Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash, cash equivalents and available-for-sale investments. The Company places its cash, cash equivalents and available-for-sale investments at financial institutions that management believes are of high credit quality. The Company is exposed to credit risk in the event of default by the financial institutions holding the cash and cash equivalents to the extent such amounts are in excess of the federally insured limits. The Company has <em style="font: inherit;">not</em> experienced any losses on its deposits since inception.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The primary focus of the Company’s investment strategy is to preserve capital and meet liquidity requirements. The Company’s investment policy addresses the level of credit exposure by limiting the concentration in any <em style="font: inherit;">one</em> corporate issuer or sector and establishing a minimum allowable credit rating.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </p>
CY2021Q3 us-gaap Investments And Cash
InvestmentsAndCash
203954000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3000 USD
CY2021Q3 vxrt Investments And Cash Fair Value Disclosure
InvestmentsAndCashFairValueDisclosure
203951000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
167231000 USD
CY2021Q3 us-gaap Short Term Investments
ShortTermInvestments
20438000 USD
CY2021Q3 us-gaap Long Term Investments
LongTermInvestments
16282000 USD
CY2020Q4 us-gaap Investments And Cash
InvestmentsAndCash
126870000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
-0 USD
CY2020Q4 vxrt Investments And Cash Fair Value Disclosure
InvestmentsAndCashFairValueDisclosure
126870000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
126870000 USD
CY2020Q4 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2020Q4 us-gaap Long Term Investments
LongTermInvestments
0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6406000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2053000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
979000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
573000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5427000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1480000 USD
CY2021Q3 us-gaap Depreciation
Depreciation
211000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
34000 USD
us-gaap Depreciation
Depreciation
406000 USD
us-gaap Depreciation
Depreciation
78000 USD
vxrt Impairment Of Property And Equipment
ImpairmentOfPropertyAndEquipment
0 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12237000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6838000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
20380000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
20380000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6318000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5019000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
14062000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
15361000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
13000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0926 pure
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
433000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
433000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1731000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1732000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1732000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1731000 USD
CY2021Q3 vxrt Finitelived Intangible Asset Expected Amortization After Year Four
FinitelivedIntangibleAssetExpectedAmortizationAfterYearFour
6703000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14062000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2084000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1618000 USD
CY2021Q3 vxrt Accrued Clinical And Manufacturing Expenses Current
AccruedClinicalAndManufacturingExpensesCurrent
725000 USD
CY2020Q4 vxrt Accrued Clinical And Manufacturing Expenses Current
AccruedClinicalAndManufacturingExpensesCurrent
1772000 USD
CY2021Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
782000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
777000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
796000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
632000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4387000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4799000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
0 USD
CY2020Q4 vxrt Contract With Customer Asset Revenue Recognized
ContractWithCustomerAssetRevenueRecognized
219000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y2M1D
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
556000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2256000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1773000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1835000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2145000 USD
CY2021Q3 vxrt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
9622000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
18187000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5445000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
12742000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1345000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11397000 USD
CY2021Q3 vxrt Lessee Operating Lease Lease Not Yet Commenced
LesseeOperatingLeaseLeaseNotYetCommenced
14900000 USD
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q3 vxrt Lessee Finance Lease Number Of Leases
LesseeFinanceLeaseNumberOfLeases
0 pure
CY2021Q3 us-gaap Short Term Lease Commitment Amount
ShortTermLeaseCommitmentAmount
16000 USD
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
651000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
235000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1824000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
636000 USD
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
101000 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
232000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
10000 USD
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
313000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
29000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
937000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
53000 USD
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
-0 USD
CY2020Q3 us-gaap Sublease Income
SubleaseIncome
54000 USD
us-gaap Sublease Income
SubleaseIncome
36000 USD
us-gaap Sublease Income
SubleaseIncome
163000 USD
CY2021Q3 us-gaap Lease Cost
LeaseCost
1065000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
214000 USD
us-gaap Lease Cost
LeaseCost
2957000 USD
us-gaap Lease Cost
LeaseCost
536000 USD
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
970000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
243000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2800000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
717000 USD
CY2021Q3 us-gaap Purchase Obligation
PurchaseObligation
18200000 USD
us-gaap Dividends
Dividends
0 USD
CY2021Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
16348934
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
9288870
CY2021Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
232434
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1230863
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6813033
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.70
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
8900000
vxrt Share Based Compensation Arrangement By Share Based Payment Award Shares Available For Grant Decrease From Grants
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesAvailableForGrantDecreaseFromGrants
4122438
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
4122438
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7.24
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
771344
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.61
vxrt Share Based Compensation Arrangement By Share Based Payment Award Forfeited
ShareBasedCompensationArrangementByShareBasedPaymentAwardForfeited
554317
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
574054
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.44
vxrt Share Based Compensation Arrangement By Share Based Payment Award Canceled
ShareBasedCompensationArrangementByShareBasedPaymentAwardCanceled
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
36315
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
8.42
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
6562742
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9553758
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.74
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9553758
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.74
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y6M18D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
32100000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3665542
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.67
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y3M7D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
20100000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1200000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
771344
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4600000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
402000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
305179
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1600000 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
120110780
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
81121045
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-17583000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-8085000 USD
us-gaap Net Income Loss
NetIncomeLoss
-49706000 USD
us-gaap Net Income Loss
NetIncomeLoss
-18359000 USD
CY2021Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
123984141
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
107718578
CY2021Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.14
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.41
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.23
CY2021Q3 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8697187
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8129823
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8096631
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23158593

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