Ardelyx, Inc(NASDAQ:ARDX)
Ardelyx, Inc., a biopharmaceutical company, develops and sells medicines for the treatment of kidney and cardiorenal diseases in the United States and internationally. The company's lead product candidate is tenapanor, which has completed Phase 3 clinical trial for the treatment of patients with irr...
Website: http://www.ardelyx.com
Founded: 2007
Full Time Employees: 88
Sector: Healthcare
Industry: Biotechnology
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2014-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | ||||||||||||||||||||||||||||||||||||||||||||||||
product sales | 93,373,000 | 114,402,000 | 105,515,000 | 90,077,000 | 67,814,000 | 111,003,000 | 92,090,000 | 72,591,000 | 43,512,000 | 30,577,000 | 22,285,000 | 18,309,000 | 11,355,000 | 8,701,000 | 4,885,000 | 1,564,000 | 450,000 | |||||||||||||||||||||||||||||||
product supply revenue | 354,000 | 9,440,000 | 6,185,000 | 254,000 | 4,188,000 | 5,322,000 | 13,000 | 2,126,000 | 767,000 | 2,092,000 | 3,260,000 | 2,000 | 469,000 | 92,000 | 952,000 | 14,000 | 496,000 | 285,000 | 126,000 | |||||||||||||||||||||||||||||
licensing revenue | 51,000 | 23,000 | 25,000 | 20,000 | 5,020,000 | 22,000 | 20,000 | 19,000 | 17,000 | 3,019,000 | 32,014,000 | 764,000 | 12,000 | 35,008,000 | 9,000 | 10,000 | 4,000 | 6,000 | 2,000 | 3,000 | 5,002,000 | 706,000 | 1,500,000 | 3,000,000 | 2,320,000 | 17,727,000 | 3,884,000 | 3,885,000 | 4,767,000 | 6,507,000 | ||||||||||||||||||
non-cash royalty revenue related to the sale of future royalties | 695,000 | 1,350,000 | 4,789,000 | 1,380,000 | 1,026,000 | 916,000 | 809,000 | 599,000 | 368,000 | |||||||||||||||||||||||||||||||||||||||
total revenues | 94,473,000 | 125,215,000 | 110,329,000 | 97,662,000 | 74,114,000 | 116,129,000 | 98,241,000 | 73,222,000 | 46,023,000 | 34,363,000 | 56,391,000 | 22,333,000 | 11,369,000 | 44,178,000 | 4,986,000 | 2,526,000 | 468,000 | 1,029,000 | 1,173,000 | 1,313,000 | 6,582,000 | 1,809,000 | 2,713,000 | 1,836,000 | 1,213,000 | 2,250,000 | 3,013,000 | 18,000 | 85,000 | 172,000 | 30,000 | |||||||||||||||||
yoy | 27.47% | 7.82% | 12.30% | 33.38% | 61.04% | 237.95% | 74.21% | 227.86% | 304.81% | -22.22% | 1030.99% | 784.13% | 2329.27% | 4193.29% | 325.06% | 92.38% | -92.89% | -43.12% | -56.76% | -28.49% | 442.62% | -19.60% | -9.96% | 10100.00% | 2547.06% | 1651.74% | -40.00% | |||||||||||||||||||||
qoq | -24.55% | 13.49% | 12.97% | 31.77% | -36.18% | 18.21% | 34.17% | 59.10% | 33.93% | -39.06% | 152.50% | 96.44% | -74.27% | 786.04% | 97.39% | 439.74% | -54.52% | -12.28% | -10.66% | -80.05% | 263.85% | -33.32% | 47.77% | 51.36% | -46.09% | -25.32% | 16638.89% | -50.58% | 473.33% | |||||||||||||||||||
costs and operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 4,811,000 | 377,000 | 644,000 | 492,000 | ||||||||||||||||||||||||||||||||||||||||||||
research and development | 20,188,000 | 22,856,000 | 18,067,000 | 15,666,000 | 14,938,000 | 13,666,000 | 15,310,000 | 12,762,000 | 10,579,000 | 9,524,000 | 8,637,000 | 8,282,000 | 9,093,000 | 9,142,000 | 7,467,000 | 9,741,000 | 8,851,000 | 20,968,000 | 23,695,000 | 26,021,000 | 20,456,000 | 18,105,000 | 12,240,000 | 18,864,000 | 15,844,000 | 14,241,000 | 17,580,000 | 19,475,000 | 20,381,000 | 22,036,000 | 17,941,000 | 16,046,000 | 13,350,000 | 17,159,000 | 15,365,000 | 20,572,000 | 22,387,000 | 26,210,000 | 24,863,000 | 23,838,000 | 19,250,000 | 12,784,000 | 14,705,000 | 6,198,000 | 6,198,000 | 7,386,000 | 5,694,000 | 5,183,000 |
selling, general and administrative | 102,267,000 | 86,411,000 | 83,612,000 | 83,988,000 | 83,222,000 | 76,074,000 | 64,970,000 | 64,654,000 | 52,994,000 | 47,748,000 | 32,664,000 | 27,186,000 | 26,803,000 | 19,731,000 | 18,667,000 | 18,862,000 | 19,339,000 | |||||||||||||||||||||||||||||||
total costs and operating expenses | 127,266,000 | |||||||||||||||||||||||||||||||||||||||||||||||
income from operations | -32,793,000 | 5,099,000 | 4,668,000 | -14,395,000 | -36,349,000 | 8,125,000 | 2,233,000 | -13,630,000 | -24,678,000 | -27,986,000 | 7,398,000 | -16,624,000 | -26,064,000 | 12,143,000 | -21,880,000 | -26,215,000 | -27,807,000 | -35,273,000 | -42,236,000 | -44,832,000 | -32,005,000 | -27,643,000 | -17,161,000 | -24,207,000 | -21,769,000 | -18,848,000 | -22,089,000 | -24,828,000 | -25,498,000 | -27,376,000 | -23,732,000 | -22,154,000 | -17,685,000 | 10,962,000 | -21,225,000 | -26,418,000 | -28,434,000 | -31,475,000 | -29,200,000 | -28,690,000 | -23,529,000 | -16,876,000 | -18,079,000 | 9,056,000 | -3,490,000 | -3,933,000 | 81,000 | 2,751,000 |
yoy | -9.78% | -37.24% | 109.05% | 5.61% | 47.29% | -129.03% | -69.82% | -18.01% | -5.32% | -330.47% | -133.81% | -36.59% | -6.27% | -134.43% | -48.20% | -41.53% | -13.12% | 27.60% | 146.12% | 85.20% | 47.02% | 46.66% | -22.31% | -2.50% | -14.62% | -31.15% | -6.92% | 12.07% | 44.18% | -349.74% | 11.81% | -16.14% | -37.80% | -134.83% | -27.31% | -7.92% | 20.85% | 86.51% | 61.51% | -416.81% | 574.18% | 329.09% | -22419.75% | 229.19% | ||||
qoq | -743.13% | 9.23% | -132.43% | -60.40% | -547.37% | 263.86% | -116.38% | -44.77% | -11.82% | -478.29% | -144.50% | -36.22% | -314.64% | -155.50% | -16.54% | -5.73% | -21.17% | -16.49% | -5.79% | 40.08% | 15.78% | 61.08% | -29.11% | 11.20% | 15.50% | -14.67% | -11.03% | -2.63% | -6.86% | 15.35% | 7.12% | 25.27% | -261.33% | -151.65% | -19.66% | -7.09% | -9.66% | 7.79% | 1.78% | 21.93% | 39.42% | -6.65% | -299.64% | -359.48% | -11.26% | -4955.56% | -97.06% | |
operating margin % | -34.71% | 4.07% | 4.23% | -14.74% | -49.04% | 7.00% | 2.27% | -18.61% | -53.62% | -81.44% | 13.12% | -74.44% | -229.25% | 27.49% | -438.83% | -1037.81% | -5941.67% | -3427.89% | -3600.68% | -3414.47% | -486.25% | -1528.08% | -632.55% | -1318.46% | -1794.64% | -837.69% | -733.12% | -137933.33% | -Infinity% | -32207.06% | -13797.67% | -73846.67% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% |
interest expense | -5,599,000 | -5,759,000 | -5,796,000 | -4,356,000 | -4,191,000 | -3,967,000 | -3,357,000 | -3,326,000 | -2,356,000 | -1,740,000 | -1,107,000 | -1,075,000 | -1,028,000 | -991,000 | -886,000 | -787,000 | -746,000 | -984,000 | -1,216,000 | -1,202,000 | -1,100,000 | -1,314,000 | -1,202,000 | -1,226,000 | -1,357,000 | -1,398,000 | -1,443,000 | -1,451,000 | -1,434,000 | |||||||||||||||||||
non-cash interest expense related to the sale of future royalties | -1,317,000 | -1,818,000 | -2,188,000 | -2,219,000 | -2,071,000 | -1,886,000 | -1,924,000 | -1,576,000 | -1,702,000 | -1,065,000 | -922,000 | -968,000 | -969,000 | -832,000 | -831,000 | |||||||||||||||||||||||||||||||||
other income | 2,112,000 | 2,078,000 | 2,449,000 | 1,892,000 | 2,326,000 | 2,408,000 | 2,282,000 | 2,145,000 | 2,339,000 | 2,322,000 | 1,460,000 | 1,546,000 | 1,302,000 | 375,000 | 704,000 | 70,000 | 484,000 | 23,000 | -134,000 | 847,000 | -49,000 | 83,000 | 255,000 | 477,000 | 753,000 | 456,000 | 294,000 | 812,000 | 790,000 | 3,046,000 | -394,000 | -135,000 | 670,000 | 331,000 | 501,000 | 697,000 | 426,000 | 201,000 | 169,000 | 77,000 | 62,000 | |||||||
income before provision for income taxes | -37,597,000 | -400,000 | -867,000 | -19,078,000 | -40,285,000 | 4,680,000 | -766,000 | -16,387,000 | -26,397,000 | -28,469,000 | 6,829,000 | -17,121,000 | -26,759,000 | 10,695,000 | -22,893,000 | -26,932,000 | -28,069,000 | -36,234,000 | -43,586,000 | -45,187,000 | -33,154,000 | -28,874,000 | -18,108,000 | -24,956,000 | -22,373,000 | -19,790,000 | -23,238,000 | -25,467,000 | -26,142,000 | -27,864,000 | -24,126,000 | -22,289,000 | -17,015,000 | 11,293,000 | -20,724,000 | -25,721,000 | -28,008,000 | -31,274,000 | -29,031,000 | -28,613,000 | -23,467,000 | -16,999,000 | -18,156,000 | 9,007,000 | -3,502,000 | -3,904,000 | 74,000 | 3,753,000 |
provision for income taxes | 8,000 | 7,000 | 102,000 | 1,000 | 859,000 | 35,000 | 43,000 | 67,000 | 121,000 | 333,000 | 200,000 | 14,000 | 6,000 | 2,000 | 1,000 | 2,000 | 1,000 | 301,000 | 2,000 | -2,000 | 2,000 | 4,000 | ||||||||||||||||||||||||||
net income | -37,605,000 | -407,000 | -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 | 10,114,000 | -20,724,000 | -25,721,000 | -28,008,000 | -31,274,000 | -29,031,000 | |||||||||
yoy | -8.60% | -108.76% | 19.78% | 15.95% | 55.15% | -116.13% | -112.20% | -3.90% | -0.95% | -369.30% | -128.96% | -36.44% | -4.62% | -129.52% | -47.48% | -40.39% | -15.33% | 25.48% | 140.71% | 81.07% | 48.19% | 45.91% | -23.07% | -2.01% | -14.42% | -28.97% | -2.43% | 14.25% | 53.62% | -375.48% | 16.42% | -13.34% | -39.24% | -132.34% | -28.61% | |||||||||||||
qoq | 9139.56% | -58.00% | -94.92% | -53.63% | -985.77% | -674.17% | -95.08% | -37.95% | -7.93% | -534.48% | -138.72% | -36.05% | -350.33% | -146.72% | -15.02% | -4.04% | -22.53% | -16.87% | -3.55% | 36.30% | 14.82% | 59.47% | -27.44% | 11.55% | 13.05% | -15.93% | -7.57% | -2.59% | -6.17% | 15.49% | 8.23% | 30.98% | -268.27% | -148.80% | -19.43% | -8.17% | -10.44% | 7.73% | ||||||||||
net income margin % | -39.81% | -0.33% | -0.88% | -19.54% | -55.51% | 4.00% | -0.82% | -22.47% | -57.62% | -83.82% | 11.76% | -76.66% | -235.49% | 24.21% | -459.15% | -1066.43% | -5998.08% | -3521.28% | -3715.86% | -3441.66% | -503.72% | -1596.24% | -667.45% | -1359.26% | -1844.44% | -879.56% | -781.25% | -141483.33% | -Infinity% | -32778.82% | -14026.74% | -74303.33% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
net income per share | -0.15 | -0.01 | -0.08 | -0.17 | 0.02 | -0.07 | -0.11 | -0.13 | 0.03 | -0.08 | -0.13 | |||||||||||||||||||||||||||||||||||||
shares used in computing net loss per share - basic and diluted | 245,855,082 | 868,006 | 241,908,407 | 239,928,570 | 238,624,145 | 234,571,192 | 233,065,960 | 214,951,127 | 207,023,127 | 11,370,265 | 165,104,789 | 145,544,372 | 130,934,795 | 3,725,489 | 104,144,606 | 100,040,083 | 97,179,241 | 472,366 | 89,365,798 | 89,080,046 | 88,880,658 | 1,801,475 | 62,828,513 | 62,651,863 | 62,546,295 | 2,015,012 | 62,071,397 | 52,824,483 | 47,559,366 | |||||||||||||||||||
comprehensive loss | -37,927 | -333 | -807 | -19,135 | -41,183 | -16,535 | -26,762 | -17,311 | -26,739 | 10,755 | -22,898 | -26,959 | -28,153 | -36,243 | -43,588 | -45,178 | -33,158 | -28,970 | -18,335 | -24,595 | -22,437 | -19,774 | -23,551 | -25,463 | -26,094 | -27,883 | -24,107 | -22,236 | -17,063 | 10,077 | -20,694 | |||||||||||||||||
unrealized losses on available-for-sale securities | -322 | -56 | -39 | -81 | -190 | -21 | -82 | |||||||||||||||||||||||||||||||||||||||||
cost of goods sold | ||||||||||||||||||||||||||||||||||||||||||||||||
cost of product sales | 2,061,750 | 2,662,000 | 3,245,000 | 2,340,000 | 2,718,000 | 1,715,000 | 1,405,000 | 1,013,000 | ||||||||||||||||||||||||||||||||||||||||
other cost of revenue | 5,110,250 | 1,320,000 | 9,158,000 | 9,963,000 | 15,546,000 | 14,013,000 | 8,031,000 | 6,115,000 | 4,262,000 | 7,048,000 | 2,997,000 | |||||||||||||||||||||||||||||||||||||
total cost of goods sold | 7,172,000 | 3,982,000 | 12,403,000 | 12,303,000 | 18,264,000 | 15,728,000 | 9,436,000 | 7,128,000 | 5,077,000 | 7,692,000 | 3,489,000 | |||||||||||||||||||||||||||||||||||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 74,873,250 | 101,679,000 | 99,654,000 | 98,160,000 | 89,740,000 | 80,280,000 | 77,416,000 | 63,573,000 | 57,272,000 | 41,301,000 | 35,468,000 | 37,433,000 | 32,035,000 | 26,866,000 | 28,741,000 | 28,275,000 | 36,302,000 | 43,409,000 | 46,145,000 | 38,587,000 | 29,452,000 | 19,874,000 | 26,043,000 | 22,982,000 | 21,098,000 | 24,502,000 | 24,846,000 | 25,498,000 | 27,461,000 | 23,902,000 | 22,184,000 | 19,541,000 | 22,638,000 | 21,225,000 | 26,418,000 | 28,434,000 | 31,475,000 | 29,200,000 | 28,690,000 | 23,529,000 | 16,876,000 | 18,079,000 | 9,087,000 | 9,373,000 | 10,272,000 | 7,517,000 | 6,386,000 | |
unrealized gains on available-for-sale securities | 74 | 162 | -128 | 286 | -244 | 425 | 9 | 34 | -27 | -5 | -9 | -1 | 11 | -3 | -94 | -227 | 361 | -64 | ||||||||||||||||||||||||||||||
revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||
cost of goods sold: | ||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing net income per share - basic | 58,629,076.25 | 235,911,399 | 53,744,138.75 | 222,782,229 | ||||||||||||||||||||||||||||||||||||||||||||
shares used in computing net income per share - diluted | 58,629,076.25 | 235,911,399 | 53,744,138.75 | 227,894,335 | ||||||||||||||||||||||||||||||||||||||||||||
comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | -10,955 | -523 | -9,353 | 6,638 | ||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss: | ||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenue | 1,537,000 | 3,162,000 | 732,000 | 138,000 | 85,000 | 1,000,000 | 4,000 | 141,000 | 600,000 | 2,000 | 464,000 | |||||||||||||||||||||||||||||||||||||
collaborative development revenue | 527,000 | 886,000 | 1,310,000 | 1,454,000 | 1,708,000 | 1,356,000 | 1,125,000 | 1,175,000 | 416,000 | 1,999,000 | 2,454,000 | 2,831,000 | 2,630,000 | |||||||||||||||||||||||||||||||||||
net loss per common share, basic and diluted | -132.5 | -140 | -190 | -210 | -450 | -340 | -320 | -200 | -280 | -250 | -270 | -370 | -410 | -420 | -450 | -390 | -420 | -360 | -540 | -590 | -650 | -650 | -700 | |||||||||||||||||||||||||
general and administrative | 15,334,000 | 19,714,000 | 20,124,000 | 17,131,000 | 11,343,000 | 7,634,000 | 7,038,000 | 7,138,000 | 6,857,000 | 6,922,000 | 5,371,000 | 5,117,000 | 5,425,000 | 5,961,000 | 6,138,000 | 6,191,000 | 5,479,000 | 5,860,000 | 5,846,000 | 6,047,000 | 5,265,000 | 4,337,000 | 4,852,000 | 4,279,000 | 4,092,000 | 3,374,000 | 2,889,000 | 3,175,000 | 2,886,000 | 1,823,000 | 1,203,000 | |||||||||||||||||
net loss per common share - basic and diluted | -302.5 | -420 | ||||||||||||||||||||||||||||||||||||||||||||||
other revenue | 350,000 | 1,357,000 | 5,000 | 38,000 | 291,000 | 13,000 | 18,000 | 85,000 | 172,000 | 30,000 | ||||||||||||||||||||||||||||||||||||||
gross profit | 2,250,000 | 2,413,000 | 18,000 | 85,000 | 170,000 | 30,000 | 1,856,000 | |||||||||||||||||||||||||||||||||||||||||
yoy | 2547.06% | 1319.41% | -40.00% | NaN% | ||||||||||||||||||||||||||||||||||||||||||||
qoq | -6.76% | 13305.56% | NaN% | NaN% | -50.00% | 466.67% | -98.38% | |||||||||||||||||||||||||||||||||||||||||
gross margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 100.00% | 80.09% | 100.00% | NaN% | 100.00% | 98.84% | 100.00% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
unrealized gain on available-for-sale securities, net of tax | 10.5 | -12 | 4 | 50 | -21 | 19 | 55 | -44 | -37 | 30 | ||||||||||||||||||||||||||||||||||||||
revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||
net loss per common share – basic and diluted | -392.5 | -440 | ||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing net loss per share – basic and diluted | 11,851,009.75 | 47,464,310 | ||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares used in computing net loss per share, basic and diluted | 47,403,243 | |||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares used in computing basic net loss per share, basic and diluted | 47,343,234 | |||||||||||||||||||||||||||||||||||||||||||||||
total revenue | 18,143,000 | 5,883,000 | 6,339,000 | 7,598,000 | 9,137,000 | |||||||||||||||||||||||||||||||||||||||||||
shares used in computing basic net loss per share, basic and diluted | 9,426,511.25 | 44,935,126 | ||||||||||||||||||||||||||||||||||||||||||||||
net income and comprehensive income | -28,613,000 | -3,155,250 | -18,126,000 | 9,007,000 | 189,250 | 74,000 | 3,753,000 | |||||||||||||||||||||||||||||||||||||||||
basic net income per common share | -830 | |||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per common share | -830 | |||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing basic net income per share | 34,636,559 | 20,880,235 | ||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing diluted net income per share | 34,636,559 | 21,636,487 | ||||||||||||||||||||||||||||||||||||||||||||||
net loss and comprehensive loss | -23,467,000 | -3,502,000 | ||||||||||||||||||||||||||||||||||||||||||||||
shares used to compute net loss per common share, basic and diluted | 33,466,955,000 | |||||||||||||||||||||||||||||||||||||||||||||||
other expense | -34,500 | -77,000 | -49,000 | -12,000 | -4,750 | -7,000 | -8,000 | |||||||||||||||||||||||||||||||||||||||||
change in fair value of preferred stock warrant liability | 1,010,000 | |||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | -1,000 | 30,000 | ||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share attributable to common stockholders | -0.145 | -0.7 | ||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share attributable to common stockholders | -0.145 | -0.7 | ||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing basic net income per share attributable to common stockholders | 5,464,845.75 | 25,930,928 | ||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing diluted net income per share attributable to common stockholders | 5,464,845.75 | 25,930,928 | ||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share | 0.43 | |||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share | 0.42 | |||||||||||||||||||||||||||||||||||||||||||||||
basic net loss per share | -0.19 | |||||||||||||||||||||||||||||||||||||||||||||||
diluted net loss per share | -0.19 | |||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing basic net loss per share | 18,606,760 | |||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing diluted net loss per share | 18,606,760 | |||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders: | ||||||||||||||||||||||||||||||||||||||||||||||||
basic | 74,000 | 515,000 | ||||||||||||||||||||||||||||||||||||||||||||||
diluted | 74,000 | 703,000 | ||||||||||||||||||||||||||||||||||||||||||||||
shares used to compute net income per share attributable to common stockholders: | ||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1,869,160.5 | 18,374,277 | 2,611,259 | |||||||||||||||||||||||||||||||||||||||||||||
diluted | 1,869,160.5 | 19,133,217 | 3,904,136 | |||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.15 | -0.01 | -0.08 | -0.17 | 0.02 | -0.07 | -0.11 | -0.13 | 0.03 | -0.08 | -0.13 | |||||||||||||||||||||||||||||||||||||
basic | 0.2 | |||||||||||||||||||||||||||||||||||||||||||||||
diluted | 0.18 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2014-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 31,209,000 | 67,999,000 | 42,715,000 | 90,045,000 | 30,808,000 | 64,932,000 | 47,429,000 | 41,890,000 | 36,147,000 | 21,470,000 | 33,767,000 | 30,058,000 | 92,487,000 | 96,140,000 | 61,628,000 | 53,408,000 | 47,077,000 | 72,428,000 | 75,288,000 | 86,745,000 | 84,070,000 | 91,032,000 | 91,009,000 | 100,494,000 | 105,895,000 | 181,133,000 | 92,673,000 | 89,626,000 | 92,036,000 | 78,768,000 | 75,015,000 | 91,751,000 | 67,745,000 | 75,383,000 | 59,454,000 | 63,636,000 | 71,213,000 | 74,598,000 | 160,360,000 | 146,669,000 | 171,678,000 | 107,004,000 | 129,047,000 | 141,534,000 | 98,318,000 | 107,286,000 | 112,044,000 | 117,814,000 |
short-term investments | 206,865,000 | 196,690,000 | 199,990,000 | 148,407,000 | 183,144,000 | 185,168,000 | 142,973,000 | 144,071,000 | 166,431,000 | 162,829,000 | 131,313,000 | 97,521,000 | 37,886,000 | 27,769,000 | 28,995,000 | 27,604,000 | 42,627,000 | 44,261,000 | 66,363,000 | 85,064,000 | 94,142,000 | 95,452,000 | 94,488,000 | 104,347,000 | 117,312,000 | 66,379,000 | 10,870,000 | 34,315,000 | 59,524,000 | 89,321,000 | 111,391,000 | 120,980,000 | 59,704,000 | 58,593,000 | 69,834,000 | 85,088,000 | 102,210,000 | 126,225,000 | 69,726,000 | |||||||||
accounts receivable | 82,840,000 | 71,848,000 | 76,610,000 | 62,553,000 | 46,467,000 | 57,705,000 | 53,195,000 | 37,241,000 | 28,162,000 | 22,031,000 | 43,263,000 | 9,109,000 | 12,120,000 | 7,733,000 | 5,208,000 | 5,623,000 | 4,394,000 | 502,000 | 287,000 | 5,783,000 | 2,699,000 | 17,000 | 7,000 | 85,000 | 167,000 | 30,000 | 10,796,000 | 27,000 | 2,043,000 | 2,584,000 | 2,660,000 | 3,025,000 | ||||||||||||||||
inventory | 22,745,000 | 17,735,000 | 25,172,000 | 22,275,000 | 23,776,000 | 21,173,000 | 11,378,000 | 13,756,000 | 9,813,000 | 12,448,000 | 8,524,000 | 7,617,000 | 4,823,000 | 3,282,000 | 1,250,000 | 4,529,000 | 3,487,000 | |||||||||||||||||||||||||||||||
prepaid commercial manufacturing | 14,635,000 | 14,479,000 | 8,051,000 | 12,740,000 | 13,848,000 | 16,378,000 | 16,663,000 | 14,797,000 | 5,519,000 | 18,925,000 | 17,176,000 | 13,166,000 | 13,835,000 | 13,567,000 | 16,145,000 | 17,793,000 | ||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 23,576,000 | 13,566,000 | 15,447,000 | 15,549,000 | 14,649,000 | 11,096,000 | 12,460,000 | 11,265,000 | 11,867,000 | 8,408,000 | 7,173,000 | 4,647,000 | 5,896,000 | 5,112,000 | 6,649,000 | 5,150,000 | 16,640,000 | 16,458,000 | 11,441,000 | 14,683,000 | 21,381,000 | 8,202,000 | 7,546,000 | 6,035,000 | 4,625,000 | 3,800,000 | 4,592,000 | 3,283,000 | 2,745,000 | 3,197,000 | 7,749,000 | 3,927,000 | 2,871,000 | 4,940,000 | 4,342,000 | 5,221,000 | 4,585,000 | 3,169,000 | 4,114,000 | 3,735,000 | 4,019,000 | 5,027,000 | 4,424,000 | 2,362,000 | 1,545,000 | 1,209,000 | 1,669,000 | 1,308,000 |
total current assets | 381,870,000 | 382,317,000 | 367,985,000 | 351,569,000 | 312,692,000 | 356,452,000 | 284,098,000 | 263,020,000 | 257,939,000 | 246,111,000 | 241,216,000 | 162,118,000 | 167,047,000 | 153,603,000 | 119,875,000 | 114,107,000 | 114,225,000 | 133,649,000 | 153,379,000 | 186,492,000 | 205,376,000 | 194,686,000 | 193,793,000 | 211,626,000 | 228,582,000 | 252,062,000 | 110,834,000 | 127,241,000 | 154,312,000 | 176,371,000 | 199,322,000 | 221,688,000 | 135,320,000 | 149,712,000 | 133,630,000 | 153,945,000 | 178,008,000 | 203,992,000 | 234,200,000 | 150,404,000 | 175,697,000 | 112,031,000 | 133,471,000 | 143,923,000 | 101,906,000 | 111,079,000 | 116,373,000 | 122,147,000 |
property and equipment | 2,002,000 | 2,184,000 | 2,069,000 | 2,143,000 | 1,665,000 | 1,495,000 | 1,028,000 | 1,016,000 | 1,019,000 | 1,009,000 | 1,116,000 | 1,064,000 | 1,102,000 | 1,223,000 | 1,294,000 | 1,541,000 | 2,045,000 | 2,362,000 | 2,651,000 | 2,666,000 | 2,292,000 | 1,936,000 | 2,111,000 | 2,501,000 | 2,968,000 | 3,436,000 | 3,943,000 | 4,469,000 | 5,102,000 | 5,611,000 | 5,996,000 | 6,689,000 | 7,358,000 | 8,032,000 | 8,622,000 | 9,335,000 | 8,915,000 | 8,991,000 | 6,969,000 | 4,827,000 | 4,597,000 | 4,711,000 | 4,391,000 | 4,061,000 | 3,289,000 | 2,131,000 | 1,152,000 | 1,138,000 |
inventory, non-current | 105,280,000 | 105,372,000 | 104,186,000 | 100,984,000 | 82,099,000 | 70,011,000 | 73,780,000 | 69,676,000 | 69,045,000 | 37,039,000 | 38,974,000 | 40,295,000 | 40,124,000 | 25,064,000 | ||||||||||||||||||||||||||||||||||
prepaid commercial manufacturing, non-current | 4,238,000 | 3,246,000 | 4,235,000 | 4,235,000 | ||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets | 4,433,000 | 4,795,000 | 5,152,000 | 5,006,000 | 3,670,000 | 2,380,000 | 3,625,000 | 4,324,000 | 4,641,000 | 5,589,000 | 6,523,000 | 7,053,000 | 7,972,000 | 9,295,000 | 10,182,000 | 11,054,000 | 11,910,000 | 12,752,000 | 13,580,000 | 14,519,000 | 1,667,000 | 2,274,000 | 2,402,000 | 2,945,000 | 3,468,000 | 3,970,000 | 4,453,000 | 4,919,000 | 5,371,000 | |||||||||||||||||||
other assets | 6,684,000 | 6,936,000 | 6,778,000 | 7,068,000 | 6,822,000 | 5,416,000 | 5,332,000 | 5,452,000 | 5,503,000 | 3,596,000 | 1,550,000 | 673,000 | 774,000 | 881,000 | 13,321,000 | 4,908,000 | 1,228,000 | 1,150,000 | 1,238,000 | 1,305,000 | 958,000 | 552,000 | 249,000 | 271,000 | 304,000 | 314,000 | 180,000 | 1,351,000 | 1,350,000 | 1,350,000 | 1,350,000 | 159,000 | 159,000 | 159,000 | 853,000 | 842,000 | 842,000 | 148,000 | 148,000 | 148,000 | 104,000 | 104,000 | 104,000 | 104,000 | 104,000 | 104,000 | 13,000 | |
total assets | 504,507,000 | 501,604,000 | 486,170,000 | 466,770,000 | 410,194,000 | 435,754,000 | 367,863,000 | 343,488,000 | 342,382,000 | 297,579,000 | 289,379,000 | 211,203,000 | 217,019,000 | 190,066,000 | 144,672,000 | 131,610,000 | 129,408,000 | 149,913,000 | 170,848,000 | 204,982,000 | 210,293,000 | 201,562,000 | 198,555,000 | 217,343,000 | 235,322,000 | 259,782,000 | 119,410,000 | 137,980,000 | 166,135,000 | 183,332,000 | 206,668,000 | 228,536,000 | 142,837,000 | 157,903,000 | 143,105,000 | 164,122,000 | 187,765,000 | 213,131,000 | 241,317,000 | 155,379,000 | 180,498,000 | 116,946,000 | 138,066,000 | 148,188,000 | 105,399,000 | 113,414,000 | 117,729,000 | 123,478,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 28,195,000 | 19,235,000 | 18,390,000 | 21,685,000 | 13,722,000 | 16,000,000 | 15,824,000 | 10,881,000 | 17,277,000 | 11,138,000 | 7,736,000 | 5,294,000 | 10,513,000 | 10,859,000 | 3,113,000 | 4,294,000 | 5,030,000 | 4,277,000 | 4,263,000 | 2,587,000 | 5,378,000 | 5,626,000 | 2,490,000 | 4,212,000 | 1,012,000 | 2,187,000 | 2,689,000 | 1,260,000 | 2,925,000 | 1,148,000 | 2,269,000 | 3,172,000 | 1,761,000 | 3,933,000 | 1,723,000 | 4,713,000 | 5,893,000 | 5,635,000 | 6,298,000 | 4,746,000 | 4,875,000 | 2,777,000 | 2,714,000 | 2,684,000 | 2,544,000 | 3,129,000 | 1,022,000 | 2,308,000 |
accrued compensation and benefits | 9,382,000 | 19,108,000 | 15,056,000 | 11,814,000 | 7,168,000 | 14,940,000 | 11,541,000 | 10,458,000 | 6,727,000 | 12,597,000 | 8,357,000 | 6,880,000 | 5,074,000 | 7,548,000 | 7,165,000 | 6,405,000 | 6,304,000 | 5,422,000 | 4,770,000 | 5,939,000 | 4,348,000 | 5,672,000 | 3,722,000 | 3,081,000 | 1,951,000 | 4,453,000 | 2,804,000 | 2,351,000 | 1,634,000 | 2,723,000 | 2,306,000 | 2,203,000 | 1,617,000 | 3,229,000 | 2,722,000 | 2,599,000 | 1,856,000 | 3,161,000 | 2,227,000 | 2,038,000 | 1,318,000 | 2,366,000 | 1,697,000 | 1,457,000 | 945,000 | 1,648,000 | 1,106,000 | 802,000 |
current portion of operating lease liability | 1,510,000 | 1,479,000 | 1,435,000 | 1,182,000 | 1,302,000 | 1,562,000 | 2,567,000 | 3,550,000 | 4,314,000 | 4,435,000 | 4,321,000 | 4,105,000 | 3,998,000 | 3,894,000 | 3,791,000 | 3,691,000 | 3,592,000 | 3,492,000 | 3,391,000 | 3,184,000 | 1,412,000 | 2,117,000 | 2,770,000 | 2,826,000 | 2,715,000 | 2,608,000 | 2,504,000 | 2,318,000 | 2,102,000 | |||||||||||||||||||
deferred revenue | 3,248,000 | 1,206,000 | 6,581,000 | 6,280,000 | 10,913,000 | 10,686,000 | 7,272,000 | 10,829,000 | 6,586,000 | 7,182,000 | 4,072,000 | 5,959,000 | 5,545,000 | 4,211,000 | 4,003,000 | 527,000 | 1,412,000 | 2,723,000 | 4,177,000 | 885,000 | 2,241,000 | 3,366,000 | 4,541,000 | |||||||||||||||||||||||||
accrued expenses and other current liabilities | 67,233,000 | 47,577,000 | 41,927,000 | 40,761,000 | 42,735,000 | 34,642,000 | 33,295,000 | 26,718,000 | 21,991,000 | 15,041,000 | 19,043,000 | 12,399,000 | 11,053,000 | 12,380,000 | 7,338,000 | 7,936,000 | 6,778,000 | 7,366,000 | 11,373,000 | 8,552,000 | 11,262,000 | 6,657,000 | 6,667,000 | 7,574,000 | 6,936,000 | 7,248,000 | ||||||||||||||||||||||
total current liabilities | 109,568,000 | 88,605,000 | 83,389,000 | 81,722,000 | 75,840,000 | 77,830,000 | 70,499,000 | 62,436,000 | 56,895,000 | 50,393,000 | 43,529,000 | 61,689,000 | 63,063,000 | 65,603,000 | 51,951,000 | 48,699,000 | 47,843,000 | 52,821,000 | 68,768,000 | 57,785,000 | 41,790,000 | 28,416,000 | 16,534,000 | 33,650,000 | 23,417,000 | 22,220,000 | 17,679,000 | 16,333,000 | 20,826,000 | 17,728,000 | 15,549,000 | 15,609,000 | 13,162,000 | 17,871,000 | 15,727,000 | 18,388,000 | 19,314,000 | 19,201,000 | 17,635,000 | 14,061,000 | 12,458,000 | 7,723,000 | 12,584,000 | 5,546,000 | 19,912,000 | 21,536,000 | 19,397,000 | 27,334,000 |
operating lease liability, net of current portion | 3,237,000 | 3,641,000 | 4,038,000 | 4,015,000 | 2,505,000 | 1,023,000 | 1,218,000 | 1,096,000 | 778,000 | 1,725,000 | 2,887,000 | 3,752,000 | 4,814,000 | 5,855,000 | 6,878,000 | 7,857,000 | 8,812,000 | 9,748,000 | 10,669,000 | 11,548,000 | 397,000 | 413,000 | 608,000 | 1,355,000 | 2,076,000 | 2,770,000 | 3,433,000 | 4,069,000 | ||||||||||||||||||||
long-term debt | 203,517,000 | 202,834,000 | 202,138,000 | 201,446,000 | 151,301,000 | 150,853,000 | 100,707,000 | 100,249,000 | 99,834,000 | 49,822,000 | 27,229,000 | |||||||||||||||||||||||||||||||||||||
deferred revenue, non-current | 13,699,000 | 13,699,000 | 13,699,000 | 12,295,000 | 8,350,000 | 7,232,000 | 12,770,000 | 9,613,000 | 12,103,000 | 8,644,000 | 10,290,000 | 9,238,000 | 11,498,000 | 9,025,000 | 8,560,000 | 12,421,000 | 8,563,000 | 4,727,000 | 2,947,000 | 2,947,000 | 2,947,000 | 27,190,000 | 31,074,000 | 34,959,000 | 33,170,000 | |||||||||||||||||||||||
deferred royalty obligation related to the sale of future royalties | 25,864,000 | 25,876,000 | 28,626,000 | 27,761,000 | 26,522,000 | 25,527,000 | 24,372,000 | 23,104,000 | 21,881,000 | 20,179,000 | 14,113,000 | 13,191,000 | 12,223,000 | 11,254,000 | 10,422,000 | |||||||||||||||||||||||||||||||||
total liabilities | 355,885,000 | 334,655,000 | 331,890,000 | 327,239,000 | 264,518,000 | 262,465,000 | 209,566,000 | 196,498,000 | 191,491,000 | 130,763,000 | 98,218,000 | 88,042,000 | 91,598,000 | 91,737,000 | 77,811,000 | 78,568,000 | 65,218,000 | 67,296,000 | 89,416,000 | 87,413,000 | 79,482,000 | 75,450,000 | 67,215,000 | 70,993,000 | 67,565,000 | 73,127,000 | 70,252,000 | 69,363,000 | 74,294,000 | 67,519,000 | 65,220,000 | 65,122,000 | 13,861,000 | 18,591,000 | 16,468,000 | 19,144,000 | 20,081,000 | 19,980,000 | 18,424,000 | 14,774,000 | 12,750,000 | 8,045,000 | 12,936,000 | 5,928,000 | 47,399,000 | 52,732,000 | 54,428,000 | 60,611,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value per share... | 25,000 | 24,000 | 2,000 | |||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 1,133,265,000 | 1,113,666,000 | 1,100,664,000 | 1,085,108,000 | 1,072,118,000 | 1,058,548,000 | 1,048,073,000 | 1,036,244,000 | 1,023,610,000 | 1,012,773,000 | 1,008,741,000 | 947,380,000 | 932,330,000 | 878,500,000 | 857,788,000 | 821,075,000 | 805,265,000 | 795,540,000 | 758,114,000 | 750,664,000 | 718,728,000 | 680,872,000 | 657,130,000 | 653,805,000 | 650,617,000 | 647,078,000 | 489,810,000 | 485,718,000 | 483,479,000 | 481,357,000 | 479,109,000 | 476,968,000 | 420,294,000 | 417,568,000 | 414,970,000 | 412,617,000 | 409,610,000 | 407,092,000 | 405,514,000 | 294,171,000 | 292,699,000 | 210,386,000 | 209,615,000 | 208,619,000 | 133,366,000 | 132,547,000 | 131,195,000 | 130,836,000 |
accumulated deficit | -984,544,000 | -946,939,000 | -946,532,000 | -945,563,000 | -926,484,000 | -885,340,000 | -889,985,000 | -889,176,000 | -872,722,000 | -846,204,000 | -817,402,000 | -824,031,000 | -806,910,000 | -780,137,000 | -790,832,000 | -767,939,000 | -741,001,000 | -712,930,000 | -676,696,000 | -633,109,000 | -587,920,000 | -554,765,000 | -525,889,000 | -507,781,000 | -482,825,000 | -460,452,000 | -440,662,000 | -417,123,000 | -391,656,000 | -365,512,000 | -337,650,000 | -313,524,000 | -291,232,000 | -278,214,000 | -288,328,000 | -267,604,000 | -241,883,000 | -213,875,000 | -182,601,000 | -153,570,000 | -124,955,000 | -101,488,000 | -84,488,000 | -66,362,000 | -75,369,000 | -71,867,000 | -67,896,000 | -67,971,000 |
accumulated other comprehensive income | -124,000 | 198,000 | 124,000 | -38,000 | 18,000 | 57,000 | 185,000 | -101,000 | -20,000 | 224,000 | -6,000 | 3,000 | 4,000 | -7,000 | -4,000 | 90,000 | 317,000 | -44,000 | 20,000 | 4,000 | ||||||||||||||||||||||||||||
total stockholders’ equity | 148,622,000 | 166,949,000 | 154,280,000 | 139,531,000 | 145,676,000 | 173,289,000 | 158,297,000 | 146,990,000 | 150,891,000 | 166,816,000 | 191,161,000 | 123,161,000 | 125,421,000 | 98,329,000 | 66,861,000 | 53,042,000 | 64,190,000 | 82,617,000 | 81,432,000 | 117,569,000 | 130,811,000 | 126,112,000 | 131,340,000 | 146,350,000 | 167,757,000 | 186,655,000 | 49,158,000 | 68,617,000 | 91,841,000 | 115,813,000 | 141,448,000 | 163,414,000 | 128,976,000 | 139,312,000 | 126,637,000 | 144,978,000 | 167,684,000 | 193,151,000 | 222,893,000 | 140,605,000 | 167,748,000 | 108,901,000 | 125,130,000 | 142,260,000 | 58,000,000 | 60,682,000 | 63,301,000 | 62,867,000 |
total liabilities and stockholders’ equity | 504,507,000 | 501,604,000 | 486,170,000 | 466,770,000 | 410,194,000 | 435,754,000 | 367,863,000 | 343,488,000 | 342,382,000 | 297,579,000 | 289,379,000 | 211,203,000 | 217,019,000 | 190,066,000 | 144,672,000 | 131,610,000 | 129,408,000 | 149,913,000 | 170,848,000 | 204,982,000 | 210,293,000 | 201,562,000 | 198,555,000 | 217,343,000 | 235,322,000 | 259,782,000 | 119,410,000 | 137,980,000 | 166,135,000 | 183,332,000 | 206,668,000 | 228,536,000 | 142,837,000 | 157,903,000 | 143,105,000 | 164,122,000 | 187,765,000 | 213,131,000 | 241,317,000 | 155,379,000 | 180,498,000 | 116,946,000 | 138,066,000 | 148,188,000 | 105,399,000 | |||
common stock, 0.0001 par value... | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 23,000 | 23,000 | 23,000 | 23,000 | 22,000 | 21,000 | 20,000 | 19,000 | 15,000 | 14,000 | 13,000 | 11,000 | 10,000 | 10,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 4,000 | 4,000 | 3,000 | 3,000 | 3,000 | ||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 27,052,000 | 26,880,000 | 26,711,000 | 26,541,000 | 26,373,000 | 26,139,000 | ||||||||||||||||||||||||||||||||||||||||||
other liabilities, non-current | 170,000 | 172,000 | ||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -201,000 | -210,000 | -20,000 | -54,000 | -114,000 | -109,000 | -88,000 | 16,000 | 12,000 | -38,000 | -17,000 | -36,000 | -91,000 | -47,000 | -10,000 | -40,000 | -48,000 | -71,000 | -25,000 | |||||||||||||||||||||||||||||
deferred royalty obligation | 9,591,000 | |||||||||||||||||||||||||||||||||||||||||||||||
long-term investments | 2,114,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loan payable, current portion | 32,264,000 | 44,444,000 | 36,111,000 | 16,667,000 | 4,167,000 | 13,716,000 | 7,437,000 | 1,183,000 | ||||||||||||||||||||||||||||||||||||||||
loan payable, net of current portion | 7,032,000 | 15,133,000 | 34,348,000 | 46,621,000 | 50,681,000 | 36,735,000 | 42,793,000 | 48,831,000 | ||||||||||||||||||||||||||||||||||||||||
unbilled revenue | 750,000 | 750,000 | 750,000 | 750,000 | ||||||||||||||||||||||||||||||||||||||||||||
uncharged license fees | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 582,000 | 651,000 | 677,000 | 699,000 | 720,000 | 741,000 | 756,000 | 767,000 | 779,000 | 789,000 | 713,000 | 292,000 | 322,000 | 352,000 | 382,000 | 297,000 | 122,000 | |||||||||||||||||||||||||||||||
unbilled license revenue | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
accrued and other liabilities | 9,682,000 | 10,404,000 | 14,165,000 | 12,857,000 | 9,974,000 | 9,234,000 | 8,784,000 | 10,709,000 | 11,282,000 | 11,076,000 | 11,565,000 | 10,405,000 | 9,110,000 | 7,277,000 | 6,265,000 | 2,580,000 | 8,173,000 | 1,405,000 | 470,000 | 780,000 | ||||||||||||||||||||||||||||
loan payable, long term | 49,803,000 | 49,597,000 | 49,399,000 | 49,209,000 | 49,020,000 | 48,836,000 | ||||||||||||||||||||||||||||||||||||||||||
restricted cash | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 204,000 | 180,000 | ||||||||||||||||||||||||||||||||||||||||
deferred revenue, current portion | 15,953,000 | 15,979,000 | 16,480,000 | 23,221,000 | ||||||||||||||||||||||||||||||||||||||||||||
common stock | 3,000 | 2,000 | 2,000 | |||||||||||||||||||||||||||||||||||||||||||||
liabilities, convertible preferred stock, and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock warrant liability | ||||||||||||||||||||||||||||||||||||||||||||||||
liabilities related to early exercise of options | 72,000 | 107,000 | ||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 0.0001 par value per share... | ||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock, and stockholders’ equity | 113,414,000 | 117,729,000 | 123,478,000 | |||||||||||||||||||||||||||||||||||||||||||||
other accrued liabilities | 789,000 | 1,003,000 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred rent |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 loss | -37,605,000 | -407,000 | -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 | 10,114,000 | -20,724,000 | -25,721,000 | -28,008,000 | -31,274,000 | -23,467,000 | -3,502,000 | |||||||
adjustments to reconcile net loss to net cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization expense | 915,000 | 921,000 | 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 | 362,000 | 357,000 | 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 | 14,158,000 | 12,445,000 | 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 | 2,589,000 | 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 | 1,582,000 | 2,081,000 | 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 | -695,000 | -1,350,000 | -4,789,000 | -1,380,000 | -1,026,000 | -916,000 | -809,000 | ||||||||||||||||||||||||||||||||||||||||
other | -571,000 | -762,000 | -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 | -10,992,000 | 4,762,000 | -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 | -4,918,000 | 6,251,000 | -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 | -4,394,000 | -6,428,000 | 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 | -10,004,000 | 1,478,000 | 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 | 232,000 | 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 | 8,960,000 | 845,000 | -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 | 2,155,000 | -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 | -9,726,000 | 4,052,000 | 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 | 507,000 | 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 | -373,000 | -353,000 | -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 | 19,022,000 | 2,434,000 | 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 | -594,000 | 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 | 2,042,000 | -5,375,000 | 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 | -32,237,000 | 20,951,000 | 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 | 4,698,000 | -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 |
capital expenditures | -69,000 | -361,000 | -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 | 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 | -28,000 | -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 | -32,306,000 | 20,590,000 | 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 | -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 | 4,670,000 | -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 | 37,950,000 | 55,000,000 | 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 | -47,876,000 | -50,863,000 | -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 | -13,629,000 | |||||||||||||
purchases of property and equipment | -69,000 | -361,000 | -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 | -28,000 | -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 | -9,995,000 | 3,776,000 | -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 | 11,221,000 | 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 issuance of common stock under equity incentive plans | 5,442,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 5,442,000 | 557,000 | 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 | 10,000 | 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 decrease in cash and cash equivalents | -36,790,000 | 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 | |||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 67,999,000 | 0 | 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 | 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 | 31,209,000 | 25,284,000 | -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 | 15,929,000 | -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 |
supplemental disclosure of cash flow information | |||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 3,114,000 | 4,860,000 | 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 (refunded) paid for income taxes | -69,000 | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash activity | |||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for lease obligations | 0 | 482,000 | 1,667,000 | 2,213,000 | 0 | 321,000 | 0 | -12,775,000 | 0 | 13,929,000 | 450,000 | ||||||||||||||||||||||||||||||||||||
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 2022 loan agreement, net of costs | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of future royalties, net of issuance costs | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
payments of the previously outstanding exit fees | |||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 25,284,000 | -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 | ||||||||||||||||||||
supplementary disclosure of cash flow information | |||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | -6,000 | 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 | |||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock for services | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | |||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||
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 loss 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 | |||||||||||||||||||||||||||||||||||||||||||||||
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 | 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 | 15,000 | 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 | 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 | -46,000 | 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 | 23,778,000 | |||||||||||||||||||||||||||||||||||
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 | 10,000 | 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 | 1,100,000 | |||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||
loss from disposal of fixed assets | 1,000 | 53,000 | 0 | 11,000 | |||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||
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: | |||||||||||||||||||||||||||||||||||||||||||||||
net income | -18,126,000 | 75,000 | |||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating 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 |
