7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 
      
    		                                             
      operating activities
    		                                             
      net income
    		-969,000 -19,079,000 -41,144,000 4,645,000 -809,000 -16,454,000 -26,518,000 -28,802,000 6,629,000 -17,121,000 -26,773,000 10,695,000 -22,893,000 -26,938,000 -28,071,000 -36,234,000 -43,587,000 -45,189,000 -33,155,000 -28,876,000 -18,108,000 -24,956,000 -22,373,000 -19,790,000 -23,539,000 -25,467,000 -26,144,000 -27,862,000 -24,126,000 -22,291,000 -17,019,000  -20,724,000 -25,721,000 -28,008,000 -31,274,000 -29,031,000 -28,615,000 -23,467,000 -17,000,000 -18,126,000 9,007,000 -3,502,000 -3,971,000 75,000 
      adjustments to reconcile net income to net cash from operating activities
    		                                             
      depreciation and amortization expense
    		905,000 631,000 602,000 515,000 544,000 569,000 435,000 362,000 291,000 642,000 -3,000 109,000                               119,000 100,000 74,000 
      non-cash lease expense
    		336,000 331,000 923,000 1,035,000 1,020,000 1,005,000 948,000 934,000 869,000 919,000 902,000 887,000 872,000 856,000 842,000 828,000 939,000 711,000 607,000 579,000 543,000 523,000 502,000 483,000 465,000 452,000 439,000                   
      stock-based compensation
    		12,742,000 11,687,000 12,088,000 9,863,000 9,133,000 10,769,000 7,616,000 3,930,000 3,489,000 3,199,000 2,912,000 1,926,000 1,848,000 3,254,000 3,722,000 3,471,000 2,262,000 3,219,000 3,087,000 2,434,000 2,527,000 2,674,000 2,948,000 2,212,000 3,879,000 1,923,000 1,922,000 2,250,000 1,948,000 2,603,000 2,425,000  2,102,000 2,790,000 2,109,000 1,550,000 1,291,000 1,285,000 1,191,000 757,000 712,000 641,000 524,000 1,208,000 321,000 
      non-cash interest expense
    		2,452,000 2,289,000 2,136,000 1,980,000 2,009,000 1,658,000 1,753,000 1,127,000 1,003,000 1,046,000 1,044,000 907,000                                  
      non-cash royalty revenue related to the sale of future royalties
    		-4,789,000 -1,380,000 -1,026,000 -916,000 -809,000                                         
      other
    		-1,068,000 -892,000 -1,191,000 -1,087,000 -1,094,000 -1,218,000 -1,265,000 -1,447,000 -962,000                               0 0     
      changes in operating assets and liabilities
    		                                             
      accounts receivable
    		-14,057,000 -16,086,000 11,238,000 -4,510,000 -15,954,000 -9,079,000 -6,131,000 21,232,000 -34,154,000 3,011,000 -4,387,000 -2,525,000 415,000 -1,229,000 -3,892,000 -215,000   -5,783,000         82,000 -137,000 -30,000 10,796,000         0 27,000 2,016,000 541,000 76,000 365,000 
      inventory
    		-6,099,000 -17,383,000 -14,692,000 -6,026,000 -1,726,000 -4,574,000 -29,371,000 -1,989,000 414,000 -2,965,000 -16,601,000 -18,572,000 -5,245,000 -1,042,000 -3,487,000                               
      prepaid commercial manufacturing
    		4,689,000 4,354,000 -716,000 285,000 -1,866,000 -5,043,000 13,406,000 -5,984,000 -4,010,000 669,000 -268,000 6,388,000 1,648,000                                 
      prepaid expenses and other assets
    		146,000 -895,000 -5,022,000 1,216,000 -1,133,000 824,000 -5,450,000 -3,364,000 -3,488,000 1,591,000 -774,000 1,545,000 -1,094,000 2,155,000 -307,000 -4,977,000 3,452,000 6,283,000 -13,662,000 -905,000 -1,604,000 -1,216,000 -928,000 547,000 -398,000 -389,000 333,000 4,433,000 -5,100,000 -813,000 2,005,000  783,000 -935,000 -2,228,000 843,000 -354,000 192,000 881,000 -976,000 -2,148,000 -623,000 -336,000   
      accounts payable
    		-3,295,000 7,963,000 -2,278,000 1,176,000 3,943,000 -6,396,000 6,139,000 3,402,000 2,442,000 -5,219,000 -346,000 7,746,000 -1,181,000 -736,000 753,000 14,000 1,676,000 -2,791,000 -248,000 3,136,000 -1,722,000 3,199,000 -1,174,000 -502,000 1,428,000 -1,664,000 777,000 -1,121,000 -903,000 1,411,000 -2,117,000  -2,731,000 -1,309,000 858,000 -530,000 961,000 -385,000 2,102,000 -90,000 350,000 188,000 -819,000 2,093,000 -1,286,000 
      accrued compensation and benefits
    		3,242,000 4,646,000 -7,772,000 3,399,000 1,083,000 3,731,000 -5,870,000 4,240,000 1,477,000 1,806,000 -2,474,000 383,000 760,000 101,000 882,000 652,000 -1,169,000 1,591,000 -1,324,000 1,950,000 641,000 1,130,000 -2,502,000 1,649,000 453,000 717,000 -1,089,000 417,000 103,000 586,000 -1,612,000  123,000 743,000 -1,305,000 934,000 189,000 719,000 -1,047,000 670,000 240,000 511,000 -703,000 542,000 304,000 
      operating lease liabilities
    		-206,000 -277,000 -991,000 -1,200,000 -1,188,000 -1,132,000 -1,068,000 -1,048,000 -988,000 -955,000 -937,000 -920,000 -879,000 -856,000 -836,000 -820,000 -672,000 -640,000 -721,000                           
      accrued and other liabilities
    		4,631,000 -563,000 8,043,000 1,559,000 7,748,000 5,156,000 6,791,000 -2,775,000 6,356,000 1,506,000 -1,396,000 4,513,000 -634,000 1,300,000 -1,041,000 -4,025,000 2,804,000 -4,910,000 7,517,000 -129,000 -1,045,000 568,000 -394,000 -2,624,000 -82,000 -4,206,000 1,051,000 2,758,000 659,000 -119,000 -1,945,000  341,000 -651,000 1,149,000 1,497,000 1,696,000 1,433,000 3,656,000 -5,624,000 6,738,000 1,020,000 -134,000   
      deferred revenue
    		1,705,000 -688,000 1,345,000 -2,124,000 -400,000 1,753,000 2,863,000 1,464,000 -835,000 -1,846,000 3,807,000 673,000 142,000 3,858,000 3,836,000 1,253,000 -885,000 1,636,000 -1,454,000 3,292,000 -1,356,000 -1,125,000 -1,175,000                 0 0 -43,143,000 -3,910,000 -4,386,000 -4,952,000 
      net cash from operating activities
    		365,000 -25,342,000 -38,457,000 9,810,000 501,000 -19,398,000 -35,722,000 -8,718,000 -21,467,000 -14,737,000 -44,795,000 14,284,000 -25,427,000 -31,281,000 -27,620,000 -39,469,000 -34,589,000 -34,276,000 -44,217,000 -17,590,000 -19,877,000 -19,022,000 -24,946,000 -11,137,000 -20,614,000 -27,820,000 -16,913,000 -18,436,000 -27,019,000 -18,015,000 -6,804,000  -19,039,000 -24,088,000 -26,761,000 -26,561,000 -24,824,000 -24,902,000 -16,247,000 -21,603,000 -11,804,000 -30,224,000 -8,209,000 -3,792,000 -5,685,000 
      capex
    		-156,000 -650,000 -325,000 -593,000 -137,000 -131,000 -150,000 -43,000 -194,000 -93,000 -14,000 0 0 0 0 95,000 -445,000 -739,000 -778,000 -250,000 -49,000 0 -25,000 0 -114,000 -46,000 -165,000 -287,000 31,000 0 -55,000  -420,000 -789,000 -1,118,000 -3,082,000 -811,000 -59,000 -184,000 -454,000 -680,000 -1,365,000 -821,000 -1,032,000 -88,000 
      free cash flows
    		209,000 -25,992,000 -38,782,000 9,217,000 364,000 -19,529,000 -35,872,000 -8,761,000 -21,661,000 -14,830,000 -44,809,000 14,284,000 -25,427,000 -31,281,000 -27,620,000 -39,374,000 -35,034,000 -35,015,000 -44,995,000 -17,840,000 -19,926,000 -19,022,000 -24,971,000 -11,137,000 -20,728,000 -27,866,000 -17,078,000 -18,723,000 -26,988,000 -18,015,000 -6,859,000  -19,459,000 -24,877,000 -27,879,000 -29,643,000 -25,635,000 -24,961,000 -16,431,000 -22,057,000 -12,484,000 -31,589,000 -9,030,000 -4,824,000 -5,773,000 
      investing activities
    		                                             
      proceeds from maturities and redemptions of investments
    		63,346,000 58,384,000 34,726,000 57,500,000 42,242,000 46,510,000 31,602,000 48,057,000 17,014,000 8,250,000 11,000,000 8,000,000 16,700,000 15,000,000 27,300,000 22,000,000 43,000,000 25,180,000 35,370,000                           
      purchases of investments
    		-113,699,000 -22,811,000 -31,550,000 -98,527,000 -39,764,000 -22,846,000 -34,024,000 -77,581,000 -49,517,000 -67,364,000 -20,763,000 -6,504,000 -18,062,000 1,000 -25,763,000 1,000 -24,422,000 -16,207,000 -32,107,000 -43,652,000 -44,240,000 -8,102,000 -54,858,000 -66,346,000 -5,468,000 -5,983,000 -24,874,000 -20,673,000 -29,339,000 -80,006,000 -39,015,000               
      purchases of property and equipment
    		-156,000 -650,000 -325,000 -593,000 -137,000 -131,000 -150,000 -43,000 -194,000 -93,000 -14,000     95,000 -445,000 -739,000 -778,000 -250,000 -49,000 0 -25,000 0 -114,000 -46,000 -165,000 -287,000 31,000 0 -55,000  -420,000 -789,000 -1,118,000 -2,758,000 -1,613,000 -295,000 -200,000 -454,000 -680,000 -1,265,000 -1,055,000 -1,032,000 -88,000 
      net cash from investing activities
    		-50,509,000 34,923,000 2,851,000 -41,620,000 2,341,000 23,533,000 -2,572,000 -29,567,000 -32,697,000 -59,207,000 -9,777,000 1,441,000 -832,000 15,474,000 2,332,000 22,096,000 18,133,000 8,234,000 2,485,000 -3,570,000 9,594,000 13,417,000 -50,883,000 -55,461,000 23,448,000 25,405,000 29,981,000 22,190,000 10,092,000 -61,041,000 -1,135,000  14,808,000 16,293,000 22,968,000 -59,228,000 -71,353,000 -295,000 -200,000 -454,000 -680,000 -1,265,000 -1,055,000 -1,032,000 -88,000 
      financing activities
    		                                             
      proceeds from 2022 loan agreement, net of costs
    		0                                             
      proceeds from issuance of common stock under equity incentive and stock purchase plans
    		2,814,000 988,000 1,482,000 612,000 2,697,000 1,608,000 3,221,000 114,000 710,000 149,000 200,000 7,000 112,000 0 83,000 0 362,000 543,000 498,000 261,000                          
      net cash from financing activities
    		2,814,000 49,656,000 1,482,000 49,313,000 2,697,000 1,608,000 52,971,000 25,988,000 57,873,000 11,515,000 50,919,000 18,787,000 34,479,000 22,138,000 -63,000 14,513,000 4,999,000 28,717,000 34,770,000 21,183,000 798,000 204,000 591,000 155,058,000 213,000 5,000 200,000 -1,000 191,000 103,062,000 301,000  49,000 218,000 408,000 27,000 109,868,000 188,000 81,121,000 14,000 -3,000 74,705,000 296,000 66,000 3,000 
      net increase in cash and cash equivalents
    		-47,330,000 59,237,000 -34,124,000 17,503,000 5,539,000 5,743,000 14,677,000             23,000 -9,485,000 -5,401,000 -75,238,000 88,460,000 3,047,000 -2,410,000 13,268,000     15,929,000 -4,182,000 -7,577,000 -3,385,000 -85,762,000 13,691,000 -25,009,000 64,674,000 -22,043,000    -4,758,000 -5,770,000 
      cash and cash equivalents at beginning of period
    		0 0 64,932,000 0 0 0 21,470,000 0 0 0 96,140,000 0 0 0 72,428,000 0 0 0 91,032,000 0 0 0 181,133,000 0 0 0 78,768,000 0 0 0 75,383,000  0 0 74,598,000 0 0 0 107,004,000 0 0 0 107,286,000 0 0 
      cash and cash equivalents at end of period
    		-47,330,000 59,237,000 30,808,000 17,503,000 5,539,000 5,743,000 36,147,000 -12,297,000 3,709,000 -62,429,000 92,487,000 34,512,000 8,220,000 6,331,000 47,077,000 -2,860,000 -11,457,000 2,675,000 84,070,000 23,000 -9,485,000 -5,401,000 105,895,000 88,460,000 3,047,000 -2,410,000 92,036,000 3,753,000 -16,736,000 24,006,000 67,745,000  -4,182,000 -7,577,000 71,213,000 -85,762,000 13,691,000 -25,009,000 171,678,000 -22,043,000 -12,487,000 43,216,000 98,318,000 -4,758,000 -5,770,000 
      supplementary disclosure of cash flow information
    		                                             
      cash paid for interest
    		4,577,000 3,826,000 2,454,000 4,446,000 2,928,000 1,939,000 2,095,000 1,548,000 935,000 897,000 860,000 822,000 719,000 619,000 741,000 549,000 984,000 973,000 963,000                           
      cash paid for income taxes
    		51,000 438,000 2,000 -6,000 0 271,000 1,000 32,000 0   0 0 5,000 1,000 0 1,000                             
      supplementary disclosure of non-cash activities
    		                                             
      right-of-use assets obtained in exchange for lease obligations
    		482,000 1,667,000 2,213,000 0 321,000   0        -12,775,000 0 13,929,000 450,000                           
      issuance of common stock for services
    		0   0 0   0 0   0    0                              
      proceeds from 2022 loan agreement, net of issuance costs
    		   49,701,000 0                                         
      gain on sale of equipment
    		           0 -407,000 -143,000 -710,000                               
      proceeds from sale of property and equipment
    		           0 530,000                                 
      proceeds from issuance of common stock in at the market offering, net of issuance costs
    		       -12,000 57,163,000 11,366,000 50,719,000 18,780,000 34,367,000 12,557,000 5,921,000                               
      proceeds from the sale of future royalties, net of issuance costs
    		           0 0                                 
      payment of the exit fees
    		                                             
      payments for the 2018 loan, net of costs
    		                                             
      issuance of derivative in connection with issuance of loan payable
    		           0 0 0 375,000             0 0                 
      adjustments to reconcile net income to net cash from operating activities:
    		                                             
      changes in operating assets and liabilities:
    		                                             
      supplementary disclosure of cash flow information:
    		                                             
      supplementary disclosure of non-cash activities:
    		                                             
      proceeds from 2022 loan, net of issuance costs
    		      49,750,000     0 0 0 26,971,000                               
      payment of the 2018 exit fee
    		                                             
      payments for taxes related to net share settlement of equity awards
    		               0                              
      payments for 2018 loan, net of costs
    		                                             
      net decrease in cash and cash equivalents
    		        3,709,000 -62,429,000 -3,653,000  8,220,000 6,331,000 -25,351,000  -11,457,000 2,675,000 -6,962,000         3,753,000 -16,736,000 24,006,000 -7,638,000           43,216,000 -8,968,000   
      change in derivative liabilities
    		          70,000 529,000 36,000 3,000 15,000 18,000 17,000 -749,000 36,000 117,000 138,000 70,000 82,000 190,000 185,000 24,000 37,000 55,000                  
      debt refinancing costs
    		           0 0 0 102,000                               
      impairment of long-lived assets
    		          429,000                                   
      unbilled revenue
    		                                             
      repayment of 2018 loan, net of settlement costs
    		            0 0 -33,038,000                               
      depreciation expense
    		             175,000 232,000 194,000 460,000 365,000 422,000 425,000 439,000 468,000 492,000 508,000 640,000 678,000 675,000 673,000 662,000 669,000 674,000  723,000 648,000 594,000 391,000 273,000 321,000 310,000 289,000 262,000     
      amortization of deferred financing costs
    		             57,000 169,000 161,000 161,000 159,000 157,000 80,000 134,000 170,000 112,000 120,000 268,000 162,000 120,000 92,000 85,000 45,000 14,000  35,000 253,000 72,000 57,000 115,000 94,000 80,000 263,000      
      amortization of deferred compensation for services
    		             58,000 47,000 48,000 47,000 68,000 77,000 78,000 77,000 69,000 89,000 78,000 77,000 78,000 76,000 76,000 76,000 51,000 50,000  51,000 45,000 46,000 46,000 47,000 54,000 47,000       
      amortization of premium on investment securities
    		                   149,000 -14,000 -89,000 -138,000  -129,000 -236,000 -301,000 -428,000 -452,000 -181,000 -75,000  56,000 49,000 -48,000 -75,000          
      non-cash interest associated with debt discount accretion
    		             42,000 109,000 71,000 71,000 71,000 70,000 20,000 136,000 130,000 127,000 125,000 122,000 118,000 113,000                   
      amortization of (discount) premium on investment securities
    		              15,000 92,000 122,000 117,000 157,000                           
      proceeds from sale of equipment
    		              795,000                               
      proceeds from underwritten public offering, net of issuance costs
    		                            0                 
      proceeds from issuance of common stock upon private placement, net of issuance costs
    		                                             
      proceeds from issuance of common stock in at-the-market offering, net of issuance costs
    		               33,957,000 4,743,000 28,174,000 34,272,000                           
      principal repayments for loan payable
    		                                             
      payments for loan payable, net of issuance costs
    		                                             
      lease liabilities
    		                   -690,000 -663,000 -637,000 -614,000 -591,000                      
      proceeds from (payments for) loan payable, net of issuance costs
    		                                             
      ​
    		                                             
      proceeds from maturities of investments
    		                    53,883,000 21,519,000 4,000,000 9,885,000 28,030,000 31,434,000 55,020,000 43,150,000 39,400,000 18,965,000 37,085,000               
      income taxes paid
    		                                             
      proceeds from issuance of common stock under stock plans
    		                     0 375,000 -1,000 199,000 0 198,000 -1,000 191,000 0 301,000  49,000 218,000 408,000 28,000          
      issuance of common stock upon exercise of options
    		                     204,000 216,000 157,000 14,000 5,000 2,000                   
      amortization of (premium) discount on investment securities
    		                                             
      sales and redemptions of investments
    		                       1,000,000    0 0 0 850,000               
      proceeds from loan payable, net of issuance costs
    		                           0 0                 
      acquisition of property and equipment included in accounts payable and accrued liabilities
    		                                   -324,000 802,000 236,000 16,000   -100,000 234,000   
      accounts receivable and unbilled license revenue
    		                        -2,682,000 -10,000 5,078,000                   
      supplementary disclosure of non-cash financing information:
    		                                             
      proceeds from issuance of common stock, net of issuance costs
    		                                   -1,000 109,737,000 0 80,837,000  -332,000     
      services settled through the issuance of common stock
    		                                             
      non-cash interest expense relating to loan payable
    		                            110,000                 
      cash from operating activities
    		                                             
      cash from investing activities
    		                                             
      cash from financing activities
    		                                             
      proceeds from maturities of short-term investments
    		                                 43,562,000 31,872,000           
      sales of short-term investments
    		                                 0 10,482,000           
      purchases of short-term investments
    		                                 -26,480,000 -18,268,000 -64,070,000          
      change in fair value of preferred stock warrant liability
    		                                           0 0 
      income from disposal of fixed assets
    		                                       1,000 53,000 0 11,000   
      other long-term liabilities
    		                                             
      reclassification of convertible preferred warrant liability to additional paid-in capital
    		                                             
      conversion of convertible preferred stock to common stock at closing of initial public offering
    		                                             
      supplemental cash flow disclosure:
    		                                             
      cash paid during the period for income taxes
    		                                        -241,000 74,000 236,000   
      supplemental noncash investing activities:
    		                                             
      proceeds from exercise of stock options
    		                                     188,000 284,000  329,000 21,000 296,000   
      supplemental noncash financing activities:
    		                                             
      common stock issuance costs included in accounts payable and accrued liabilities
    		                                             
      proceeds from issuance of common stock
    		                                            0 
      proceeds from issuance of common stock from exercise of options
    		                                             
      proceeds from issuance of common stock upon initial public offering
    		                                             
      proceeds from issuance of common stock from exercise of options, including early exercise of stock options
    		                                             
      repurchase of unvested common stock
    		                                             
      prepaid and other current assets
    		                                            -361,000 
      other assets
    		                                            -11,000 
      other accrued liabilities
    		                                            -214,000 
      deferred rent
    		                                            0 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.