2020 Q2 Form 10-Q Financial Statement
#000156604420000011 Filed on August 06, 2020
Income Statement
Concept | 2020 Q2 | 2019 Q4 | 2019 Q2 |
---|---|---|---|
Revenue | $11.69M | $135.0K | $0.00 |
YoY Change | -100.0% | ||
Cost Of Revenue | $178.9M | $0.00 | $19.36M |
YoY Change | 823.94% | ||
Gross Profit | -$167.2M | $135.0K | -$19.36M |
YoY Change | 763.56% | ||
Gross Profit Margin | -1430.33% | 100.0% | |
Selling, General & Admin | $26.46M | $10.17M | $6.803M |
YoY Change | 288.93% | 202.68% | 120.16% |
% of Gross Profit | 7533.33% | ||
Research & Development | $13.12M | $11.76M | $12.56M |
YoY Change | 4.48% | -22.02% | -22.62% |
% of Gross Profit | 8711.11% | ||
Depreciation & Amortization | $100.0K | -$200.0K | $80.00K |
YoY Change | 25.0% | -2100.0% | |
% of Gross Profit | -148.15% | ||
Operating Expenses | $39.58M | $21.93M | $17.22M |
YoY Change | 129.89% | 18.93% | -10.87% |
Operating Profit | -$167.2M | -$37.43M | -$19.36M |
YoY Change | 763.56% | 111.04% | |
Interest Expense | $1.070M | $433.0K | $739.0K |
YoY Change | 44.79% | -48.82% | -10.53% |
% of Operating Profit | |||
Other Income/Expense, Net | $548.0K | $739.0K | |
YoY Change | -25.85% | -10.53% | |
Pretax Income | -$167.7M | -$21.50M | -$18.99M |
YoY Change | 782.95% | 22.23% | 127.46% |
Income Tax | -$259.0K | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$167.4M | -$21.50M | -$18.99M |
YoY Change | 781.59% | 22.19% | 127.54% |
Net Earnings / Revenue | -1432.58% | -15924.44% | |
Basic Earnings Per Share | -$4.83 | ||
Diluted Earnings Per Share | -$4.83 | -$3.560M | -$775.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 34.66M shares | 23.98M | |
Diluted Shares Outstanding | 34.66M shares |
Balance Sheet
Concept | 2020 Q2 | 2019 Q4 | 2019 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $99.12M | $60.44M | $109.4M |
YoY Change | -9.4% | -55.66% | -28.87% |
Cash & Equivalents | $96.51M | $43.76M | $39.09M |
Short-Term Investments | $2.609M | $16.68M | $44.40M |
Other Short-Term Assets | $6.600M | $19.10M | $3.700M |
YoY Change | 78.38% | 478.79% | 60.87% |
Inventory | $5.801M | $1.356M | |
Prepaid Expenses | |||
Receivables | $6.407M | $135.0K | |
Other Receivables | $4.000M | $0.00 | |
Total Short-Term Assets | $119.3M | $76.41M | $113.1M |
YoY Change | 5.45% | -45.22% | -27.58% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.811M | $2.885M | $128.0K |
YoY Change | 2096.09% | 1876.03% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $6.200M | $166.0K | $100.0K |
YoY Change | 6100.0% | -44.67% | -67.32% |
Total Long-Term Assets | $11.55M | $4.745M | $1.257M |
YoY Change | 819.01% | 1008.64% | -88.25% |
TOTAL ASSETS | |||
Total Short-Term Assets | $119.3M | $76.41M | $113.1M |
Total Long-Term Assets | $11.55M | $4.745M | $1.257M |
Total Assets | $130.8M | $81.16M | $114.4M |
YoY Change | 14.39% | -42.0% | -31.47% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $10.00M | $3.771M | $4.704M |
YoY Change | 112.59% | 14.62% | -7.76% |
Accrued Expenses | $8.812M | $3.381M | $6.487M |
YoY Change | 35.84% | -45.94% | 96.58% |
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 | $24.23M | $29.33M | $11.91M |
YoY Change | 103.53% | 207.27% | 38.44% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $32.92M | $32.73M | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $2.200M | $1.500M | $300.0K |
YoY Change | 633.33% | 21328.57% | 200.0% |
Total Long-Term Liabilities | $35.08M | $34.26M | $300.0K |
YoY Change | 11594.0% | 489300.0% | 200.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $24.23M | $29.33M | $11.91M |
Total Long-Term Liabilities | $35.08M | $34.26M | $300.0K |
Total Liabilities | $59.31M | $63.58M | $12.21M |
YoY Change | 385.9% | 565.73% | 40.31% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$518.3M | -$310.6M | -$146.0M |
YoY Change | 255.03% | 180.73% | |
Common Stock | $17.00K | $1.000K | $248.2M |
YoY Change | -99.99% | -100.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $71.53M | $17.58M | $60.38M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $130.8M | $81.16M | $114.4M |
YoY Change | 14.39% | -42.0% | -31.47% |
Cashflow Statement
Concept | 2020 Q2 | 2019 Q4 | 2019 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$167.4M | -$21.50M | -$18.99M |
YoY Change | 781.59% | 22.19% | 127.54% |
Depreciation, Depletion And Amortization | $100.0K | -$200.0K | $80.00K |
YoY Change | 25.0% | -2100.0% | |
Cash From Operating Activities | -$35.86M | -$13.95M | -$12.72M |
YoY Change | 181.92% | -16.01% | 0.55% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$70.00K | $850.0K | -$310.0K |
YoY Change | -77.42% | -4350.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $21.20M | $4.690M | $33.09M |
YoY Change | -35.93% | -215.8% | 330.86% |
Cash From Investing Activities | $21.13M | $5.530M | $32.77M |
YoY Change | -35.52% | -235.87% | 326.69% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 53.61M | -22.96M | 0.000 |
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -35.86M | -13.95M | -12.72M |
Cash From Investing Activities | 21.13M | 5.530M | 32.77M |
Cash From Financing Activities | 53.61M | -22.96M | 0.000 |
Net Change In Cash | 38.88M | -31.38M | 20.05M |
YoY Change | 93.92% | 51.74% | -505.87% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$35.86M | -$13.95M | -$12.72M |
Capital Expenditures | -$70.00K | $850.0K | -$310.0K |
Free Cash Flow | -$35.79M | -$14.80M | -$12.41M |
YoY Change | 188.4% | -10.79% |
Facts In Submission
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2020 | ||
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Q2 | ||
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2020-06-30 | ||
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MENLO THERAPEUTICS INC. | ||
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19359000 | USD |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
220504000 | USD | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
35551000 | USD | |
CY2020Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-167177000 | USD |
CY2019Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-19359000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-207066000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-35243000 | USD | |
CY2020Q2 | mnlo |
Financial Income Net
FinancialIncomeNet
|
564000 | USD |
CY2019Q2 | mnlo |
Financial Income Net
FinancialIncomeNet
|
468000 | USD |
mnlo |
Financial Income Net
FinancialIncomeNet
|
1292000 | USD | |
mnlo |
Financial Income Net
FinancialIncomeNet
|
1004000 | USD | |
CY2020Q2 | mnlo |
Financial Expenses
FinancialExpenses
|
1086000 | USD |
CY2019Q2 | mnlo |
Financial Expenses
FinancialExpenses
|
102000 | USD |
mnlo |
Financial Expenses
FinancialExpenses
|
2158000 | USD | |
mnlo |
Financial Expenses
FinancialExpenses
|
134000 | USD | |
CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-167699000 | USD |
CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-18993000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-207932000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-34373000 | USD | |
CY2020Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-259000 | USD |
CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-259000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-176000 | USD | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-167440000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18993000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-207673000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-34197000 | USD | |
CY2020Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
1.21 | |
CY2019Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.19 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
2.29 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.35 | ||
CY2020Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
138653000 | shares |
CY2019Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
97999000 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
90627000 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
97954000 | shares | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-167440000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18993000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-207673000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-34197000 | USD | |
CY2020Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
43000 | USD |
CY2019Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
4000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-1000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
40000 | USD | |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
3000 | USD |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
4000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
0 | USD | |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
0 | USD |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-13000 | USD |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
0 | USD | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
2000 | USD | |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
40000 | USD |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-9000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-5000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
42000 | USD | |
CY2020Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-167400000 | USD |
CY2019Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-19002000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-207678000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-34155000 | USD | |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
92182000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-34155000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
18000 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
2337000 | USD | |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
60382000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
17575000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-207678000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
260000 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
12527000 | USD | |
mnlo |
Deemed Dividend To Warrants Holders Due To Warrant Modification
DeemedDividendToWarrantsHoldersDueToWarrantModification
|
0 | USD | |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
1387000 | USD |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
60382000 | USD |
mnlo |
Share Based Payment Modification Of Terms Incremental Compensation Modification Of Terms Incremental Compensation Cost Reclassified Adjustment
ShareBasedPaymentModificationOfTermsIncrementalCompensationModificationOfTermsIncrementalCompensationCostReclassifiedAdjustment
|
975000 | USD | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
3903000 | USD | |
CY2020Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
53649000 | USD |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
196170000 | USD | |
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
71528000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
77995000 | USD |
CY2019Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-19002000 | USD |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
69535000 | USD |
CY2020Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-167400000 | USD |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-43000 | USD |
CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
10768000 | USD |
CY2020Q2 | mnlo |
Share Based Payment Modification Of Terms Incremental Compensation Modification Of Terms Incremental Compensation Cost Reclassified Adjustment
ShareBasedPaymentModificationOfTermsIncrementalCompensationModificationOfTermsIncrementalCompensationCostReclassifiedAdjustment
|
-657000 | USD |
CY2020Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
3903000 | USD |
mnlo |
Contingent Stock Consideration Remeasurement Gain Loss
ContingentStockConsiderationRemeasurementGainLoss
|
-84726000 | USD | |
CY2020Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
53649000 | USD |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
104362000 | USD |
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
71528000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-207673000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-34197000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
187000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
163000 | USD | |
us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
54345000 | USD | |
us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
0 | USD | |
mnlo |
Contingent Stock Consideration Remeasurement Gain Loss
ContingentStockConsiderationRemeasurementGainLoss
|
0 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-29000 | USD | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
142000 | USD | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
358000 | USD | |
mnlo |
Increase Decrease In Employee Severance Liability Net Of Retirement Fund Profits
IncreaseDecreaseInEmployeeSeveranceLiabilityNetOfRetirementFundProfits
|
-21000 | USD | |
mnlo |
Increase Decrease In Employee Severance Liability Net Of Retirement Fund Profits
IncreaseDecreaseInEmployeeSeveranceLiabilityNetOfRetirementFundProfits
|
42000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12527000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2337000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
833000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-3000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
9807000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-246000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
6026000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
0 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-10908000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2374000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
4445000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
0 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-88070000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-29361000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
113000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
454000 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
0 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
16048000 | USD | |
mnlo |
Proceeds From Business Merger
ProceedsFromBusinessMerger
|
38641000 | USD | |
mnlo |
Proceeds From Business Merger
ProceedsFromBusinessMerger
|
0 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
48577000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
57014000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
87105000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
40512000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
53646000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
100000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
18000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
53746000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
18000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
52781000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
11169000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
48000 | USD | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
44584000 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
28118000 | USD |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
97366000 | USD |
CY2019Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
39335000 | USD |
CY2020Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
96511000 | USD |
CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
39085000 | USD |
CY2020Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
855000 | USD |
CY2019Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
250000 | USD |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
97366000 | USD |
CY2019Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
39335000 | USD |
us-gaap |
Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
|
4000 | USD | |
us-gaap |
Stock Issued1
StockIssued1
|
163000 | USD | |
us-gaap |
Stock Issued1
StockIssued1
|
0 | USD | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1120000 | USD | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
867000 | USD | |
us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
1120000 | USD | |
us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
850000 | USD | |
mnlo |
Interest Received
InterestReceived
|
298000 | USD | |
mnlo |
Interest Received
InterestReceived
|
666000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1946000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
0 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
|
5827000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
117270000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
|
0 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
|
111443000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
|
0 | USD | |
mnlo |
Non Cash Acquisition Of Business Cash Acquired
NonCashAcquisitionOfBusinessCashAcquired
|
38641000 | USD | |
mnlo |
Non Cash Acquisition Of Business Cash Acquired
NonCashAcquisitionOfBusinessCashAcquired
|
0 | USD | |
mnlo |
Non Cash Acquisition Of Business Net Assets After Cash Acquired
NonCashAcquisitionOfBusinessNetAssetsAfterCashAcquired
|
72802000 | USD | |
mnlo |
Non Cash Acquisition Of Business Net Assets After Cash Acquired
NonCashAcquisitionOfBusinessNetAssetsAfterCashAcquired
|
0 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
NATURE OF OPERATIONS<div style="text-indent:36pt;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Menlo Therapeutics Inc. (the “Company,” “Menlo” or the “combined company”) is a specialty pharmaceutical company focused on developing and commercializing proprietary therapies to address unmet needs in dermatology. The Company is a Delaware corporation, has its principal executive offices in Bridgewater, New Jersey and operates as one business segment.</span></div><div style="margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Reverse Merger</span></div><div style="text-indent:36pt;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On November 10, 2019, the Company, Foamix Pharmaceuticals Ltd. (“Foamix”) and Giants Merger Subsidiary Ltd. (“Merger Sub”), a wholly-owned subsidiary of Menlo, entered into an Agreement and Plan of Merger (as amended by Amendment No. 1 to the Agreement and Plan of Merger, dated as of December 4, 2019, the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into Foamix, with Foamix surviving as a wholly-owned subsidiary of Menlo (the “Merger”) on March 9, 2020 (the “Effective Date”).</span></div><div style="text-indent:36pt;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">For accounting purposes, the Merger is treated as a “reverse acquisition” under generally accepted accounting principles in the United States (“U.S. GAAP”) and Foamix is considered the accounting acquirer. Accordingly, upon consummation of the Merger, the historical financial statements of Foamix became the Company’s historical financial statements, and the historical financial statements of Foamix are included in the comparative prior periods. See “Note 3 – Business Combination” for more information on the Merger.</span></div><div style="margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Products, Product Candidates and Licenses</span></div><div style="text-indent:36pt;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Prior to the Merger, in January 2020, Foamix launched AMZEEQ</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;vertical-align:top;">®</sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> (minocycline) topical foam, 4% (“AMZEEQ”), a once-daily topical antibiotic for the treatment of inflammatory lesions of non-nodular moderate-to-severe acne vulgaris in patients 9 years of age and older. On May 28, 2020, the U.S. Food and Drug Administration (the "FDA") approved ZILXI</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;vertical-align:top;">™</sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> (minocycline) topical form, 1.5% (formerly FMX103, "ZILXI"), for the treatment of inflammatory lesions of rosacea in adults. AMZEEQ and ZILXI are the first topical minocycline products approved by the FDA for any condition. </span></div><div style="text-indent:36pt;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">AMZEEQ and ZILXI utilize the Company’s proprietary Molecule Stabilizing Technology (MST)</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;vertical-align:top;">™</sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> that is also being used in the development of the Company’s other product candidate FCD105, a topical foam comprising minocycline and adapalene for the treatment of acne vulgaris. On June 2, 2020, the Company announced positive results from a Phase II clinical trial evaluating the preliminary safety and efficacy of FCD105 (3% minocycline / 0.3% adapalene foam), the first ever topical minocycline-based combination product, for the treatment of moderate-to-severe acne vulgaris. The Company has begun preparations to conduct an end-of-Phase II meeting with the FDA before the end of 2020.</span></div><div style="text-indent:36pt;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Additionally, the Company was developing serlopitant, a small molecule inhibitor of the neurokinin 1 receptor, or NK1-R, given as a once-daily, oral tablet, for the treatment of pruritus, or itch, associated with various conditions including prurigo nodularis, or PN. On April 6, 2020, the Company announced top line results from two Phase III clinical trials evaluating the safety and efficacy of once-daily oral serlopitant for the treatment of pruritus (itch) associated with PN, studies MTI-105 and MTI-106. Neither study met their respective primary endpoint of demonstrating statistically significant reduction in pruritus in patients treated with serlopitant compared to placebo based on a 4-point improvement responder analysis. The Company does not currently intend to pursue serlopitant. As a result, the Company recorded a full impairment charge related to the IPR&D and Goodwill assets in its unaudited condensed consolidated statement of operations and comprehensive loss for the three and six months ended June 30, 2020. See "Note 3 - Business Combination" for more information.</span></div><div style="text-indent:36pt;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company is actively pursuing opportunities to out-license its products and product candidates to third parties for development and commercialization outside the United States, and recently entered into a license agreement with Cutia Therapeutics (HK) Limited (“Cutia”). See "Note 4 - Revenue Recognition." The Company has also licensed certain technology under development and licensing agreements to various pharmaceutical companies for development of certain products combining the Company’s foam technology with the licensee’s proprietary drugs.</span></div><div style="margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Liquidity and Capital Resources</span></div><div style="text-indent:36pt;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company launched AMZEEQ in the United States in January 2020 and commenced generating product revenues in the first quarter of 2020. The Company’s activities prior to the commercial launch of AMZEEQ had primarily consisted of </span></div><div style="margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">developing product candidates, raising capital and performing research and development activities. Since inception, the Company has incurred losses and negative cash flows from operations. For the six months ended June 30, 2020, the Company incurred a net loss of $207.7 million and used $88.1 million of cash in operations. As of June 30, 2020, the Company had cash, cash equivalents and investments of $100.4 million and an accumulated deficit of $518.3 million.</span></div><div style="text-indent:36pt;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">If the Company does not successfully commercialize AMZEEQ, ZILXI or any of its future product candidates, it may be unable to achieve profitability. Accordingly, the Company may be required to obtain further funding through public or private debt or equity offerings, or other arrangements. Adequate additional funding may not be available to the Company on acceptable terms, or at all. If the Company is unable to raise capital when needed or on acceptable terms, it may be forced to delay, reduce or eliminate its research and development programs or commercialization and manufacturing efforts. </span></div><div style="text-indent:36pt;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Prior to the Merger, the Company was focused on the development and commercialization of serlopitant. Following the receipt of the results of the Phase 3 clinical trials evaluating serlopitant for the treatment of PN and the impact of the COVID-19 pandemic, the Company has revised its operating plan to focus on the commercialization of AMZEEQ, ZILXI and its other topical minocycline product candidates. The Company does not currently intend to pursue serlopitant further. In addition, the revised operating plan reflects prudent resource prioritization and allocation management, including the rationalization of research and development spend to focus on existing product candidates.</span></div><div style="text-indent:36pt;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company believes that its existing cash, cash equivalents and investments as of June 30, 2020 and projected cash flows from revenues and the funds that the Company is entitled to receive under the license agreement with Cutia Therapeutics (HK) Limited ("Cutia"), will provide sufficient resources to fund its current ongoing needs for at least the next 12 months from the issuance of these financial statements, though there may be need for additional financing activity if the on-going COVID-19 pandemic continues for an extended duration and as the Company continues to grow.</span></div>As a result of the COVID-19 pandemic, the Company suspended the vast majority of its in-person interactions by its customer-facing professionals in healthcare settings and have engaged with these customers remotely as the Company seeks to continue to support healthcare professionals and patient care. During the second quarter of 2020, the Company began limited in-person customer meetings and interactions in certain regions, consistent with local government mandates. However, during the three and six months ended June 30, 2020, the Company's product sales for AMZEEQ were negatively impacted by office closures. As a result of the negative impact on the Company's product sales, the Company and its lenders amended the minimum net revenue covenant in the Amended and Restated Credit Agreement. See "Note 8 - Long-Term Debt." The length of time and extent to which the COVID-19 pandemic will directly or indirectly impact the Company's business, results of operations and financial condition will depend on future developments that are highly uncertain, subject to change and difficult to predict. An extended duration of the COVID-19 pandemic could continue to negatively impact sales of AMZEEQ, and any future sales of ZILXI, and have a material adverse effect on the Company's liquidity, as well as the Company's ability to remain in compliance with the minimum net revenue covenants contained in the Company's loan documents. | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segments | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-207700000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-88100000 | USD | |
CY2020Q2 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
100400000 | USD |
CY2020Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-518300000 | USD |
us-gaap |
Use Of Estimates
UseOfEstimates
|
Use of Estimates<div style="margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and reported amounts of income and expenses during the reporting periods. Significant items subject to such estimates and assumptions include accounting for business combinations, impairments of goodwill and intangible assets and revenue recognition. Actual results could differ from the Company’s estimates.</span></div><div style="margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The extent to which COVID-19 impacts the Company’s business and financial results will depend on numerous evolving factors including, but not limited to: the magnitude and duration of COVID-19, the extent to which the pandemic impacts worldwide macroeconomic conditions, including interest rates, employment rates and health insurance coverage; the speed of the anticipated recovery; and governmental and business reactions to the pandemic. For the three and six months ended June 30, 2020, the Company's product sales for AMZEEQ were negatively impacted by office closures due to the pandemic. In addition, the Company further assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to the Company and the unknown future impacts of COVID-19 as of June 30, 2020 and through the date of this report. The accounting matters assessed included, but were not limited to, the Company’s allowance for doubtful accounts and credit losses, inventory and related reserves, impairments of long-lived assets and revenue recognition. The Company recorded impairments of goodwill and certain indefinite-lived intangible assets; however, these were unrelated to the impact of COVID-19 (See "Note 3 - Business Combination" for more information). The Company’s future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in material impacts to the Company’s consolidated financial statements in future reporting periods.</span></div> | ||
CY2020Q2 | mnlo |
Contingent Stock Right Shares Conversion
ContingentStockRightSharesConversion
|
1.2082 | |
CY2020Q2 | mnlo |
Business Combination Effective Exchange Ratio
BusinessCombinationEffectiveExchangeRatio
|
1.8006 | |
CY2020Q2 | mnlo |
Contingent Stock Right Shares Conversion
ContingentStockRightSharesConversion
|
1.2082 | |
CY2020Q2 | mnlo |
Effective Exchange Ratio
EffectiveExchangeRatio
|
1.8006 | |
CY2020Q2 | mnlo |
Shares Issued Upon Conversion Of Common Stock Rights Per Agreement
SharesIssuedUponConversionOfCommonStockRightsPerAgreement
|
74544413 | shares |
CY2020Q2 | mnlo |
Post Merger Parent Ownership By Pre Merger Subsidiary Shareholders
PostMergerParentOwnershipByPreMergerSubsidiaryShareholders
|
0.82 | |
CY2020Q2 | mnlo |
Post Merger Parent Ownership By Pre Merger Parent Stockholders
PostMergerParentOwnershipByPreMergerParentStockholders
|
0.18 | |
CY2020Q1 | mnlo |
Business Combination Acquiree Common Stock Rights Converted To Common Stock
BusinessCombinationAcquireeCommonStockRightsConvertedToCommonStock
|
19600000 | USD |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
4000000.0 | USD | |
CY2020Q2 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
4000000.0 | USD |
CY2020Q2 | mnlo |
Contingent Stock Right Shares Conversion
ContingentStockRightSharesConversion
|
1.2082 | |
CY2020Q2 | mnlo |
Effective Exchange Ratio
EffectiveExchangeRatio
|
1.8006 | |
CY2020Q2 | mnlo |
Shares Issued Upon Conversion Of Common Stock Rights Per Agreement
SharesIssuedUponConversionOfCommonStockRightsPerAgreement
|
74544413 | shares |
CY2020Q2 | mnlo |
Post Merger Parent Ownership By Pre Merger Subsidiary Shareholders
PostMergerParentOwnershipByPreMergerSubsidiaryShareholders
|
0.82 | |
CY2020Q2 | mnlo |
Post Merger Parent Ownership By Pre Merger Parent Stockholders
PostMergerParentOwnershipByPreMergerParentStockholders
|
0.18 | |
CY2020Q2 | mnlo |
Contingent Stock Consideration Remeasurement Gain Loss
ContingentStockConsiderationRemeasurementGainLoss
|
-84700000 | USD |
CY2020Q2 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
104400000 | USD |
CY2020Q2 | mnlo |
Shares Issued Upon Conversion Of Common Stock Rights Per Agreement
SharesIssuedUponConversionOfCommonStockRightsPerAgreement
|
74544413 | shares |
CY2020Q2 | us-gaap |
Share Price
SharePrice
|
1.40 | |
CY2020Q2 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
11688000 | USD |
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-205082000 | USD | |
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-69547000 | USD | |
CY2020Q2 | us-gaap |
Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
|
0 | USD |
us-gaap |
Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
|
0 | USD | |
CY2020Q2 | us-gaap |
Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
|
7594000 | USD |
us-gaap |
Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
|
19637000 | USD | |
CY2019Q2 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
0 | USD |
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
13438000 | USD | |
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
308000 | USD | |
CY2020Q2 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-167441000 | USD |
CY2019Q2 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-35470000 | USD |
CY2020Q2 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
-1.21 | |
CY2020Q2 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
-1.21 | |
CY2019Q2 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
-0.59 | |
CY2019Q2 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
-0.59 | |
CY2020Q2 | mnlo |
Revenue Recognition Distribution Trade Discounts And Allowances
RevenueRecognitionDistributionTradeDiscountsAndAllowances
|
5900000 | USD |
CY2019Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
16680000 | USD |
CY2020Q2 | mnlo |
Adjustments To Supplemental Proforma Transaction Costs
AdjustmentsToSupplementalProformaTransactionCosts
|
0 | USD |
CY2019Q2 | mnlo |
Adjustments To Supplemental Proforma Transaction Costs
AdjustmentsToSupplementalProformaTransactionCosts
|
0 | USD |
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
-1.23 | ||
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
-1.23 | ||
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
-1.16 | ||
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
-1.16 | ||
mnlo |
Adjustments To Supplemental Proforma Transaction Costs
AdjustmentsToSupplementalProformaTransactionCosts
|
14931000 | USD | |
mnlo |
Adjustments To Supplemental Proforma Transaction Costs
AdjustmentsToSupplementalProformaTransactionCosts
|
0 | USD | |
CY2020Q2 | mnlo |
Adjustments To Supplemental Proforma Acceleration Of Stock Based Compensation
AdjustmentsToSupplementalProformaAccelerationOfStockBasedCompensation
|
0 | USD |
CY2019Q2 | mnlo |
Adjustments To Supplemental Proforma Acceleration Of Stock Based Compensation
AdjustmentsToSupplementalProformaAccelerationOfStockBasedCompensation
|
0 | USD |
mnlo |
Adjustments To Supplemental Proforma Acceleration Of Stock Based Compensation
AdjustmentsToSupplementalProformaAccelerationOfStockBasedCompensation
|
7199000 | USD | |
mnlo |
Adjustments To Supplemental Proforma Acceleration Of Stock Based Compensation
AdjustmentsToSupplementalProformaAccelerationOfStockBasedCompensation
|
0 | USD | |
CY2020Q2 | mnlo |
Adjustments To Supplemental Proforma Combined Results Of Operations
AdjustmentsToSupplementalProformaCombinedResultsOfOperations
|
0 | USD |
CY2019Q2 | mnlo |
Adjustments To Supplemental Proforma Combined Results Of Operations
AdjustmentsToSupplementalProformaCombinedResultsOfOperations
|
0 | USD |
mnlo |
Adjustments To Supplemental Proforma Combined Results Of Operations
AdjustmentsToSupplementalProformaCombinedResultsOfOperations
|
22130000 | USD | |
mnlo |
Adjustments To Supplemental Proforma Combined Results Of Operations
AdjustmentsToSupplementalProformaCombinedResultsOfOperations
|
0 | USD | |
mnlo |
Revenue Recognition Distribution Trade Discounts And Allowances
RevenueRecognitionDistributionTradeDiscountsAndAllowances
|
14100000 | USD | |
CY2020Q2 | mnlo |
Estimate Of Product Return Rate Minimum
EstimateOfProductReturnRateMinimum
|
0.02 | |
CY2020Q2 | mnlo |
Estimate Of Product Return Rate Maximum
EstimateOfProductReturnRateMaximum
|
0.03 | |
CY2020Q2 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
4000000.0 | USD |
CY2020Q2 | us-gaap |
Marketable Securities
MarketableSecurities
|
2609000 | USD |
CY2019Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
16680000 | USD |
CY2020Q2 | mnlo |
Derivate Costs For Year
DerivateCostsForYear
|
0 | USD |
mnlo |
Derivative Maximum Term Of Contract
DerivativeMaximumTermOfContract
|
P1Y | ||
CY2020Q2 | us-gaap |
Derivative Amount Of Hedged Item
DerivativeAmountOfHedgedItem
|
0 | USD |
CY2020Q2 | mnlo |
Foreign Exchange Risk Lien On Marketable Securities For Bank Guarantees Granted For Hedging Transactions
ForeignExchangeRiskLienOnMarketableSecuritiesForBankGuaranteesGrantedForHedgingTransactions
|
300000 | USD |
CY2020Q2 | mnlo |
Foreign Exchange Risk Lien On Checking Account For Bank Guarantees Granted For Hedging Transactions
ForeignExchangeRiskLienOnCheckingAccountForBankGuaranteesGrantedForHedgingTransactions
|
300000 | USD |
CY2020Q2 | us-gaap |
Short Term Investments
ShortTermInvestments
|
2609000 | USD |
CY2020Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
0 | USD |
CY2020Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
0 | USD |
CY2020Q2 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
2018000 | USD |
CY2020Q2 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
2018000 | USD |
CY2019Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
15660000 | USD |
CY2019Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
15656000 | USD |
CY2019Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
0 | USD |
CY2019Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
4000 | USD |
CY2019 | us-gaap |
Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
|
0 | USD |
us-gaap |
Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
|
0 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
36400000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
33000000.0 | USD | |
CY2020Q2 | us-gaap |
Restricted Investments
RestrictedInvestments
|
400000 | USD |
CY2019Q4 | us-gaap |
Restricted Investments
RestrictedInvestments
|
400000 | USD |
CY2020Q2 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | USD |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | USD | |
CY2020Q2 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
3387000 | USD |
CY2020Q2 | mnlo |
Contingent Stock Right Shares Conversion
ContingentStockRightSharesConversion
|
1.2082 | |
CY2019Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
500000 | USD |
CY2020Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
954000 | USD |
CY2019Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
0 | USD |
CY2020Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1460000 | USD |
CY2019Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
856000 | USD |
CY2020Q2 | us-gaap |
Inventory Gross
InventoryGross
|
5801000 | USD |
CY2019Q4 | us-gaap |
Inventory Gross
InventoryGross
|
1356000 | USD |
CY2020Q1 | mnlo |
Stock Issued During Period Shares Warrant Exchange
StockIssuedDuringPeriodSharesWarrantExchange
|
651640 | shares |
CY2020Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
3.53 | |
CY2019Q3 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
1100000 | USD |
CY2020Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1000000.0 | USD |
CY2020Q2 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
100000 | USD |
CY2020Q2 | mnlo |
Effective Exchange Ratio
EffectiveExchangeRatio
|
1.8006 | |
CY2020Q2 | mnlo |
Contingent Stock Right Shares Conversion
ContingentStockRightSharesConversion
|
1.2082 | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1900000 | USD | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
200000 | USD | |
CY2020Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2020Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2020Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2020Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2020Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | shares |
CY2020Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
300000 | USD | |
mnlo |
Share Based Compensation Arrangement By Share Based Payment Award Options And Equity Instruments Other Than Options Grants In Period Total Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalGrantDateFairValue
|
11400000 | USD | |
mnlo |
Share Based Compensation Arrangement By Share Based Payment Award Options And Equity Instruments Other Than Options Grants In Period Total Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalGrantDateFairValue
|
3700000 | USD | |
CY2020Q2 | mnlo |
Effective Exchange Ratio
EffectiveExchangeRatio
|
1.8006 | |
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
10768000 | USD |
CY2019Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1388000 | USD |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
12527000 | USD | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2337000 | USD | |
CY2020Q2 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P3Y | |
mnlo |
Vehicle Lease Prepayment Period
VehicleLeasePrepaymentPeriod
|
P3M | ||
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1267000 | USD |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
993000 | USD |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
768000 | USD |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
90000 | USD |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
3118000 | USD |
CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
565000 | USD |
CY2020Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2553000 | USD |
CY2020Q2 | mnlo |
Restricted Investments To Secure Lease Agreements
RestrictedInvestmentsToSecureLeaseAgreements
|
700000 | USD |