$XBIT
XBiotech Inc

2017 Q3 Form 10-Q Financial Statement

#000117184317006828 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.660M $2.690M
YoY Change -38.29% 149.07%
% of Gross Profit
Research & Development $4.930M $9.774M
YoY Change -49.56% 0.44%
% of Gross Profit
Depreciation & Amortization $300.0K $180.0K
YoY Change 66.67% 5.88%
% of Gross Profit
Operating Expenses $6.593M $12.46M
YoY Change -47.08% 15.21%
Operating Profit -$6.593M -$12.46M
YoY Change -47.08% -215.21%
Interest Expense $390.0K -$30.00K
YoY Change -1400.0% -137.5%
% of Operating Profit
Other Income/Expense, Net $388.0K -$25.00K
YoY Change -1652.0% -132.05%
Pretax Income -$6.210M -$12.48M
YoY Change -50.24% 16.2%
Income Tax
% Of Pretax Income
Net Earnings -$6.205M -$12.48M
YoY Change -50.3% 16.28%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$175.3K -$384.7K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.00M $46.80M
YoY Change -16.67% -55.72%
Cash & Equivalents $38.98M $46.79M
Short-Term Investments
Other Short-Term Assets $1.300M $2.000M
YoY Change -35.0% 5.26%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $40.29M $48.84M
YoY Change -17.51% -54.6%
LONG-TERM ASSETS
Property, Plant & Equipment $30.38M $10.08M
YoY Change 201.35% 107.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $30.38M $29.45M
YoY Change 3.16% 156.99%
TOTAL ASSETS
Total Short-Term Assets $40.29M $48.84M
Total Long-Term Assets $30.38M $29.45M
Total Assets $70.67M $78.29M
YoY Change -9.73% -34.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.225M $4.465M
YoY Change -50.17% 12.64%
Accrued Expenses $1.277M $2.176M
YoY Change -41.31% 118.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.502M $6.641M
YoY Change -47.27% 33.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.502M $6.641M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $3.522M $6.663M
YoY Change -47.14% 34.06%
SHAREHOLDERS EQUITY
Retained Earnings -$209.3M -$167.0M
YoY Change 25.33% 40.63%
Common Stock $277.1M $238.8M
YoY Change 16.03% 2.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $67.15M $71.63M
YoY Change
Total Liabilities & Shareholders Equity $70.67M $78.29M
YoY Change -9.73% -34.23%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$6.205M -$12.48M
YoY Change -50.3% 16.28%
Depreciation, Depletion And Amortization $300.0K $180.0K
YoY Change 66.67% 5.88%
Cash From Operating Activities -$6.460M -$15.01M
YoY Change -56.96% 107.89%
INVESTING ACTIVITIES
Capital Expenditures -$260.0K -$3.180M
YoY Change -91.82% -28.38%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$260.0K -$3.180M
YoY Change -91.82% -28.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 50.00K 160.0K
YoY Change -68.75% 433.33%
NET CHANGE
Cash From Operating Activities -6.460M -15.01M
Cash From Investing Activities -260.0K -3.180M
Cash From Financing Activities 50.00K 160.0K
Net Change In Cash -6.670M -18.03M
YoY Change -63.01% 55.03%
FREE CASH FLOW
Cash From Operating Activities -$6.460M -$15.01M
Capital Expenditures -$260.0K -$3.180M
Free Cash Flow -$6.200M -$11.83M
YoY Change -47.59% 325.54%

Facts In Submission

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; margin: 0pt 0"><div style="display: inline; font-weight: bold;">Use of Estimates </div></div> <div style=" font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</div> <div style=" font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">The preparation of financial statements in accordance with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported values of amounts in the financial statements and accompanying notes. Actual results could differ from those estimates.</div> <div style=" font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</div> <div style=" font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">Prior to its initial public offering on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> April 15, 2015, </div>the Company utilized significant estimates and assumptions in determining the fair value of its common stock. The board of directors determined the estimated fair value of the Company&#x2019;s common stock based on a number of objective and subjective factors, including the prices at which the Company sold shares of its common stock to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">third</div> parties and external market conditions affecting the biotechnology industry sector. After the initial public offering, the fair market value is calculated by using the closing price of the Company&#x2019;s common stock as reported by NASDAQ.</div></div></div></div>
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Files In Submission

Name View Source Status
0001171843-17-006828-index-headers.html Edgar Link pending
0001171843-17-006828-index.html Edgar Link pending
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