2022 Q4 Form 10-Q Financial Statement

#000186709622000127 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $33.14M $29.73M $11.00M
YoY Change 54.67% 170.23% 17.02%
Cost Of Revenue $6.291M $5.260M $3.220M
YoY Change 28.68% 63.35% 13.7%
Gross Profit $26.85M $24.47M $7.840M
YoY Change 62.35% 212.05% 18.5%
Gross Profit Margin 81.02% 82.3% 71.27%
Selling, General & Admin $34.36M $34.49M $26.54M
YoY Change -33.9% 29.98% 60.97%
% of Gross Profit 127.94% 140.98% 338.46%
Research & Development $4.955M $6.043M $5.663M
YoY Change -50.85% 6.71% 46.1%
% of Gross Profit 18.45% 24.7% 72.23%
Depreciation & Amortization $3.077M $2.711M $323.0K
YoY Change 242.27% 739.32% -15.0%
% of Gross Profit 11.46% 11.08% 4.12%
Operating Expenses $42.02M $40.53M $32.20M
YoY Change -32.88% 25.89% 58.14%
Operating Profit -$15.17M -$18.78M -$24.36M
YoY Change -67.07% -22.9% 77.23%
Interest Expense -$2.524M $4.000M $1.800M
YoY Change 46.23% 122.22% -21.74%
% of Operating Profit
Other Income/Expense, Net $4.426M -$3.390M -$1.651M
YoY Change -658.13% 105.33% -26.82%
Pretax Income -$13.27M -$22.17M -$26.01M
YoY Change -73.88% -14.76% 62.56%
Income Tax -$338.0K -$339.0K $0.00
% Of Pretax Income
Net Earnings -$12.93M -$21.83M -$26.01M
YoY Change -74.54% -16.06% 62.56%
Net Earnings / Revenue -39.01% -73.44% -236.45%
Basic Earnings Per Share -$0.16 -$0.39
Diluted Earnings Per Share -$0.10 -$0.16 -$391.1K
COMMON SHARES
Basic Shares Outstanding 136.0M shares 136.0M shares 66.50M shares
Diluted Shares Outstanding 136.0M shares 66.50M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $122.0M $93.43M $92.98M
YoY Change 19.07% 0.48% -34.38%
Cash & Equivalents $122.0M $84.11M $59.49M
Short-Term Investments $0.00 $9.324M $33.49M
Other Short-Term Assets $9.287M $7.847M $3.582M
YoY Change 102.38% 119.07% -3.19%
Inventory $24.74M $20.12M $14.24M
Prepaid Expenses $9.287M $7.847M $3.582M
Receivables $30.83M $27.52M $13.56M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $186.8M $148.9M $124.4M
YoY Change 31.01% 19.74% -23.79%
LONG-TERM ASSETS
Property, Plant & Equipment $5.516M $5.751M $6.682M
YoY Change -16.76% -13.93% -3.16%
Goodwill $22.86M $22.86M
YoY Change 0.0%
Intangibles $120.6M $123.3M
YoY Change -8.25%
Long-Term Investments
YoY Change
Other Assets $4.730M $2.170M $211.0K
YoY Change 470.57% 928.44% 5.5%
Total Long-Term Assets $157.7M $154.1M $6.893M
YoY Change -2.51% 2135.57% -4.26%
TOTAL ASSETS
Total Short-Term Assets $186.8M $148.9M $124.4M
Total Long-Term Assets $157.7M $154.1M $6.893M
Total Assets $344.5M $303.0M $131.3M
YoY Change 13.2% 130.85% -22.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.606M $3.916M $4.290M
YoY Change -48.39% -8.72% -8.72%
Accrued Expenses $36.79M $37.71M $22.96M
YoY Change -25.06% 64.25% 10.37%
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 $73.62M $68.56M $37.29M
YoY Change -6.86% 83.88% 38.09%
LONG-TERM LIABILITIES
Long-Term Debt $187.1M $138.5M $87.71M
YoY Change 112.42% 57.91% -26.54%
Other Long-Term Liabilities $31.00K $311.0K $1.897M
YoY Change -98.15% -83.61% -80.24%
Total Long-Term Liabilities $31.00K $311.0K $1.897M
YoY Change -98.15% -83.61% -98.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $73.62M $68.56M $37.29M
Total Long-Term Liabilities $31.00K $311.0K $1.897M
Total Liabilities $299.3M $248.0M $133.7M
YoY Change 43.13% 85.44% -14.34%
SHAREHOLDERS EQUITY
Retained Earnings -$554.8M -$541.8M -$409.3M
YoY Change 20.58% 32.37%
Common Stock $14.00K $14.00K $7.000K
YoY Change 7.69% 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $45.19M $55.04M -$2.461M
YoY Change
Total Liabilities & Shareholders Equity $344.5M $303.0M $131.3M
YoY Change 13.2% 130.85% -22.97%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$12.93M -$21.83M -$26.01M
YoY Change -74.54% -16.06% 62.56%
Depreciation, Depletion And Amortization $3.077M $2.711M $323.0K
YoY Change 242.27% 739.32% -15.0%
Cash From Operating Activities -$16.12M -$17.75M -$22.61M
YoY Change -44.31% -21.48% 33.08%
INVESTING ACTIVITIES
Capital Expenditures $132.0K -$176.0K -$307.0K
YoY Change -200.76% -42.67% -1635.0%
Acquisitions
YoY Change
Other Investing Activities $9.300M $6.885M $18.81M
YoY Change -74.68% -63.4% -131.0%
Cash From Investing Activities $9.168M $6.709M $18.51M
YoY Change -74.95% -63.74% -130.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 49.16M -187.0K 1.000K
YoY Change 39224.8% -18800.0% -99.99%
NET CHANGE
Cash From Operating Activities -16.12M -17.75M -22.61M
Cash From Investing Activities 9.168M 6.709M 18.51M
Cash From Financing Activities 49.16M -187.0K 1.000K
Net Change In Cash 42.21M -11.23M -4.105M
YoY Change 442.41% 173.62% -93.65%
FREE CASH FLOW
Cash From Operating Activities -$16.12M -$17.75M -$22.61M
Capital Expenditures $132.0K -$176.0K -$307.0K
Free Cash Flow -$16.25M -$17.58M -$22.30M
YoY Change -43.6% -21.19% 31.12%

Facts In Submission

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Organization and nature of the business <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Nature of business </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Xeris Biopharma Holdings, Inc. ("Xeris Biopharma" or the "Company") is a growth-oriented biopharmaceutical company committed to improving patients' lives by developing and commercializing innovative products across a range of therapies. The Company currently has three commercially available products: Gvoke, a ready-to-use liquid glucagon for the treatment of severe hypoglycemia; Keveyis, the first and only U.S. Food and Drug Administration ("FDA") approved therapy for primary periodic paralysis ("PPP"); and Recorlev, approved by the FDA in December 2021 for the treatment of endogenous hypercortisolemia in adult patients with Cushing’s Syndrome. The Company also has a pipeline of development programs to bring new products forward using its proprietary formulation technology platforms, XeriSol</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.47pt;font-weight:400;line-height:112%;position:relative;top:-3.48pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> and XeriJect</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.47pt;font-weight:400;line-height:112%;position:relative;top:-3.48pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">On October 5, 2021, Xeris Pharmaceuticals, Inc. ("Xeris Pharma") acquired Strongbridge Biopharma plc ("Strongbridge"), a biopharmaceutical company commercializing therapies for rare diseases with significant unmet needs. Immediately following the acquisition and related transactions, both Xeris Pharma and Strongbridge became wholly-owned subsidiaries of Xeris Biopharma. The common stock of Xeris Pharma and the ordinary shares of Strongbridge were de-registered after completion of the Transactions (as defined below in Note 4). On October 6, 2021, Xeris Biopharma’s common stock, par value $0.0001 per share, commenced trading on the Nasdaq Global Select Market (“Nasdaq”) under the ticker symbol "XERS". See "Note 4 – Business combination" for a more detailed description of the Transactions.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">As used herein, the "Company" or "Xeris" refers to Xeris Pharma when referring to periods prior to the acquisition of Strongbridge on October 5, 2021 and to Xeris Biopharma when referring to periods on or subsequent to October 5, 2021. Throughout this document, unless otherwise noted, references to Gvoke include Gvoke PFS, Gvoke HypoPen, Gvoke Kit and Ogluo (glucagon).</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Liquidity and capital resources</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company has incurred operating losses since inception and has an accumulated deficit of $541.8 million as of September 30, 2022. The Company expects to continue to incur net losses for at least the next 12 months beyond the issuance date of these consolidated financials. Based on the Company’s current operating plans, existing working capital at September 30, 2022, capital raised in the first quarter and access to the additional $50.0 million remaining from the Credit Agreement and Guaranty with Hayfin Services LLP, the Company believes that its cash resources are sufficient to sustain operations and capital expenditure requirements for at least the next 12 months from the issuance date of these condensed consolidated financial statements. If needed, the Company may elect to finance its operations through equity or debt financing along with revenues.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">There can be no assurance that such funding may be available to the Company on acceptable terms, or at all, or that the Company will be able to successfully market and sell Gvoke, Keveyis and Recorlev. Market volatility resulting from the COVID-19 pandemic, and geopolitical instability resulting from the ongoing military conflict between Russia and Ukraine, rising interest rates, inflationary pressures, the tightening of lending standards or other factors could also adversely impact the Company's ability to access capital as and when needed. The issuance of equity securities may result in dilution to stockholders. If the Company raises additional funds through the issuance of additional debt, which may have rights, preferences and privileges senior to those of our common stockholders, the terms of the debt could impose significant restrictions on the Company's operations. The failure to raise funds as and when needed could have a negative impact on the Company's financial condition and ability to pursue its business strategies. If additional funding is not secured when required, the Company may need to delay or curtail its operations until such funding is received, which would have a material adverse impact on the business prospects and results of operations.</span></div>
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400000 usd
CY2021Q3 xers Depreciation Depletionand Amortizationnotincludingassetimpairments
DepreciationDepletionandAmortizationnotincludingassetimpairments
300000 usd
xers Depreciation Depletionand Amortizationnotincludingassetimpairments
DepreciationDepletionandAmortizationnotincludingassetimpairments
1000000 usd
xers Depreciation Depletionand Amortizationnotincludingassetimpairments
DepreciationDepletionandAmortizationnotincludingassetimpairments
1000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
132000000 usd
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FiniteLivedIntangibleAssetsAccumulatedAmortization
8682000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
123318000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
132000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
550000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
131450000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2711000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
10843000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10843000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
10843000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
10293000 usd
CY2022Q3 xers Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
77785000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
123318000 usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10792000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19638000 usd
CY2022Q3 xers Accrued Supply Liabilities Current
AccruedSupplyLiabilitiesCurrent
6720000 usd
CY2021Q4 xers Accrued Supply Liabilities Current
AccruedSupplyLiabilitiesCurrent
6009000 usd
CY2022Q3 xers Accrued Supply Chain Costs
AccruedSupplyChainCosts
1287000 usd
CY2021Q4 xers Accrued Supply Chain Costs
AccruedSupplyChainCosts
595000 usd
CY2022Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
3714000 usd
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
3237000 usd
CY2022Q3 xers Accruedresearchcosts
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1417000 usd
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Accruedresearchcosts
1998000 usd
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RestructuringReserveCurrent
3854000 usd
CY2021Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
6715000 usd
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
3459000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1413000 usd
CY2022Q3 xers Accrued Transaction Costs Current
AccruedTransactionCostsCurrent
0 usd
CY2021Q4 xers Accrued Transaction Costs Current
AccruedTransactionCostsCurrent
1839000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6464000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7644000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
37707000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
49088000 usd
CY2020Q3 xers Convertible Notes Purchased Due To Exercise Of Underwriter Option
ConvertibleNotesPurchasedDueToExerciseOfUnderwriterOption
11300000 usd
xers Principal Amount Of Convertible Notes Converted
PrincipalAmountOfConvertibleNotesConverted
8400000 usd
us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
2736591 shares
CY2020Q4 xers Principal Amount Of Convertible Notes Converted Privately
PrincipalAmountOfConvertibleNotesConvertedPrivately
30700000 usd
CY2020Q4 xers Stock Issued During Period Shares Conversion Of Convertible Securities Privately Exchanged
StockIssuedDuringPeriodSharesConversionOfConvertibleSecuritiesPrivatelyExchanged
10435200 shares
CY2020Q4 xers Loss On The Convertible Note Exchange Transactions
LossOnTheConvertibleNoteExchangeTransactions
2600000 usd
CY2022Q1 xers Debt Instrument Maximum Amount Per Drawing
DebtInstrumentMaximumAmountPerDrawing
10000000 usd
CY2022Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
23000 usd
CY2022Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
4808000 usd
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2608000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
138507000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
88067000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
47175000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2022Q3 xers Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
100000000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
147175000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
4000000 usd
us-gaap Interest Expense
InterestExpense
11000000 usd
CY2022Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
400000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1200000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2021Q3 us-gaap Interest Expense
InterestExpense
1800000 usd
us-gaap Interest Expense
InterestExpense
5400000 usd
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
94012 shares
CY2022Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
84109000 usd
CY2022Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
9324000 usd
CY2022Q3 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
30100000 usd
CY2021Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
67271000 usd
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
35162000 usd
CY2021Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
22531000 usd
CY2021Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1769000 usd
xers Contingent Consideration Classified As Equity Gain Loss
ContingentConsiderationClassifiedAsEquityGainLoss
7600000 usd
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4714982 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1822000 shares
xers Leastamountofannualincreaseofsharesavailableforissuance
Leastamountofannualincreaseofsharesavailableforissuance
386000 shares
CY2020Q4 xers Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period Upon Option Exchange
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriodUponOptionExchange
832907 shares
CY2020Q4 xers Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled Upon Option Exchange
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledUponOptionExchange
1127906 shares
CY2020Q4 xers Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Upon Option Exchange Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodUponOptionExchangeWeightedAverageExercisePrice
4.09
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
8.57
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9818748 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.86
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M13D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
175000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.10
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
11228 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.69
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
74665 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
5.26
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
1632695 shares
CY2022Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
700000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.35
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y10M28D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
8720670 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.45
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y6M29D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
9818748 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
5.35
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y10M28D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
5.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.75
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
5.63
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
2.94
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
3.29
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
77380000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2941000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3665000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9394000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8638000 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
356000 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1444000 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4890000 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
6080000 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
6232000 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
58378000 usd
CY2021Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
600000 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2200000 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1800000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
38826646 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22587111 shares

Files In Submission

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