2024 Q2 Form 10-Q Financial Statement

#000141057824001371 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q2
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.220M
YoY Change 9.51%
% of Gross Profit
Research & Development $5.539M
YoY Change -80.38%
% of Gross Profit
Depreciation & Amortization $1.000K
YoY Change
% of Gross Profit
Operating Expenses $11.76M
YoY Change -65.32%
Operating Profit -$11.76M
YoY Change -65.32%
Interest Expense $1.428M
YoY Change -369.43%
% of Operating Profit
Other Income/Expense, Net $1.430M
YoY Change -1291.67%
Pretax Income -$10.33M
YoY Change -69.64%
Income Tax
% Of Pretax Income
Net Earnings -$10.33M
YoY Change -69.62%
Net Earnings / Revenue
Basic Earnings Per Share -$0.17
Diluted Earnings Per Share -$0.17
COMMON SHARES
Basic Shares Outstanding 43.59M
Diluted Shares Outstanding 74.95M

Balance Sheet

Concept 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $188.4M
YoY Change 67.06%
Cash & Equivalents $188.4M
Short-Term Investments
Other Short-Term Assets $1.032M
YoY Change 106.4%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $189.5M
YoY Change 67.19%
LONG-TERM ASSETS
Property, Plant & Equipment $25.00K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $25.00K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $189.5M
Total Long-Term Assets $25.00K
Total Assets $189.5M
YoY Change 67.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $990.0K
YoY Change -85.96%
Accrued Expenses $14.08M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $15.07M
YoY Change -24.41%
LONG-TERM LIABILITIES
Long-Term Debt $2.364M
YoY Change 12.57%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.364M
YoY Change 12.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.07M
Total Long-Term Liabilities $2.364M
Total Liabilities $17.44M
YoY Change -20.77%
SHAREHOLDERS EQUITY
Retained Earnings -$121.6M
YoY Change 40.06%
Common Stock $6.000K
YoY Change 50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $156.5M
YoY Change
Total Liabilities & Shareholders Equity $189.5M
YoY Change 67.21%

Cashflow Statement

Concept 2024 Q2
OPERATING ACTIVITIES
Net Income -$10.33M
YoY Change -69.62%
Depreciation, Depletion And Amortization $1.000K
YoY Change
Cash From Operating Activities -$6.617M
YoY Change 27.99%
INVESTING ACTIVITIES
Capital Expenditures $10.00K
YoY Change -99.83%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$10.00K
YoY Change -99.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 105.3M
YoY Change 31.95%
NET CHANGE
Cash From Operating Activities -6.617M
Cash From Investing Activities -10.00K
Cash From Financing Activities 105.3M
Net Change In Cash 98.63M
YoY Change 43.25%
FREE CASH FLOW
Cash From Operating Activities -$6.617M
Capital Expenditures $10.00K
Free Cash Flow -$6.627M
YoY Change -39.31%

Facts In Submission

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us-gaap Net Cash Provided By Used In Financing Activities
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88637000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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zura Conversion Of Series One Convertible Preferred Shares For Ordinary Shares
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zura Accrued License Consideration
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zura Adjustment Of Deemed Dividend To Redeemable Noncontrolling Interest
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zura Issuance Of Shares For Consideration License
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zura Temporary Equity Redemption Value To Carrying Value Adjustment Non Cash Activities
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7017000
zura Share Based Equity Issuance Costs
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zura Settlement Of Research And Development License Consideration Liability
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4488000
zura Transaction Costs Include In Accounts Payable
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zura Reclassification Of Deferred Transaction Costs To Additional Paid In Capital
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4015000
zura Assumption Of Public And Private Placement Warrants In Connection With Business Combination
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3715000
us-gaap Temporary Equity Accretion To Redemption Value
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2337000
zura Reclassification Of Public Warrant Liability To Equity
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2001000
zura Issuance Of Call Right To Noncontrolling Interest
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1541000
us-gaap Capital Expenditures Incurred But Not Yet Paid
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9000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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26292385
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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21889478
zura Fair Value Liability Level1 To Level2 Transfers Amount
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0
CY2024Q2 zura Fair Value Liability Level1 To Level2 Transfers Amount
FairValueLiabilityLevel1ToLevel2TransfersAmount
0
zura Gain Or Loss On Remeasurement Of Research And Development License Consideration Liability
GainOrLossOnRemeasurementOfResearchAndDevelopmentLicenseConsiderationLiability
1900000
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
990000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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1374000
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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2364000
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7149000
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6091000
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5000000
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10000000
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990000
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2749000
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837000
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1201000
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696000
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401000
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261000
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15073000
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20302000
CY2023Q1 us-gaap Preferred Stock Convertible Shares Issuable
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267939
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 zura Exchange Ratio For Ordinary Shares Pursuant To Business Combination
ExchangeRatioForOrdinarySharesPursuantToBusinessCombination
108.083
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Preferred Stock Shares Authorized
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1000000
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2024Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
50099022
CY2024Q2 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
zura Number Of Warrants Exercised Or Redeemed
NumberOfWarrantsExercisedOrRedeemed
0
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2926000
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2319000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5335000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4685000
CY2024Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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14000000.0
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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18700000
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0001410578-24-001371.txt Edgar Link pending
0001410578-24-001371-xbrl.zip Edgar Link pending
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