Autolus Therapeutics plc(NASDAQ:AUTL)
Autolus Therapeutics plc, a clinical-stage biopharmaceutical company, develops T cell therapies for the treatment of cancer. The company is developing AUTO1 and AUTO3 for B cell malignancies; AUTO2 and AUTO8 for the treatment of multiple myeloma; AUTO1/22 for the treatment of dual-targeting CAR-T; A...
Website: http://www.autolus.com
Founded: 2014
Full Time Employees: 290
Sector: Healthcare
Industry: Biotechnology
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At a glance:
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Income 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 | 2020-05-26 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2019-02-25 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | |||||||||||||||||||||||||||||||||
product revenue | 26,218,000 | 23,269,000 | 21,144,000 | 20,923,000 | 8,982,000 | ||||||||||||||||||||||||||||
total revenue | 26,218,000 | 24,289,000 | 21,194,000 | 20,923,000 | 8,982,000 | ||||||||||||||||||||||||||||
yoy | 191.89% | ||||||||||||||||||||||||||||||||
qoq | 7.94% | 14.60% | 1.30% | 132.94% | |||||||||||||||||||||||||||||
cost and operating expenses: | |||||||||||||||||||||||||||||||||
cost of sales | -24,568,000 | -25,330,000 | -28,643,000 | -24,445,000 | -17,951,000 | ||||||||||||||||||||||||||||
research and development expenses | -21,210,000 | -35,633,000 | -27,892,000 | -27,430,000 | -26,734,000 | ||||||||||||||||||||||||||||
selling, general and administrative expenses | -39,953,000 | -35,795,000 | -36,280,000 | -30,265,000 | -29,534,000 | ||||||||||||||||||||||||||||
income from operations | -59,513,000 | -72,466,000 | -71,621,000 | -61,217,000 | -65,240,000 | ||||||||||||||||||||||||||||
yoy | -8.78% | ||||||||||||||||||||||||||||||||
qoq | -17.87% | 1.18% | 17.00% | -6.17% | |||||||||||||||||||||||||||||
operating margin % | -226.99% | -298.35% | -337.93% | -292.58% | -726.34% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | ||
other income: | |||||||||||||||||||||||||||||||||
other income | 100,000 | 166,000 | 84,000 | 135,000 | 59,000 | 54,000 | 1,226,000 | 782,000 | 6,252,000 | -3,740,000 | 860,000 | -86,000 | 951,000 | -1,849,000 | 838,000 | -1,148,000 | -2,509,000 | 525,000 | 4,514,000 | 4,484,000 | -2,145,000 | 3,263,000 | 4,380,000 | 1,097,000 | |||||||||
foreign exchange gains | -2,667,000 | 394,000 | -911,000 | 1,499,000 | |||||||||||||||||||||||||||||
interest income | 2,469,000 | 3,227,000 | 4,382,000 | 5,234,000 | 6,137,000 | 7,447,000 | 8,320,000 | 9,656,000 | 6,933,000 | 3,010,000 | 3,646,000 | 3,403,000 | 3,446,000 | 1,426,000 | 165,000 | 89,000 | 28,000 | 149,000 | 28,000 | 42,000 | 44,000 | 36,000 | 37,000 | -47,000 | 2,542,000 | 510,000 | 418,000 | 509,000 | 1,073,000 | 541,000 | 660,000 | ||
interest expense | -11,124,000 | -22,836,000 | -10,520,000 | 6,829,000 | -10,143,000 | 30,835,000 | -10,686,000 | -10,174,000 | -19,269,000 | -30,128,000 | -5,014,000 | -5,020,000 | -4,905,000 | -3,457,000 | -1,850,000 | -1,810,000 | -1,790,000 | ||||||||||||||||
total other (expenses) income | -11,222,000 | 1,009,250 | -6,965,000 | ||||||||||||||||||||||||||||||
net loss before income tax | -70,735,000 | -91,515,000 | -78,586,000 | -47,520,000 | -67,936,000 | -26,144,000 | -82,072,000 | -58,221,000 | -52,698,000 | -64,810,000 | -50,789,000 | -49,022,000 | -43,781,000 | -32,067,000 | -48,919,000 | -49,533,000 | -42,686,000 | -48,092,000 | -39,376,000 | -39,530,000 | -38,990,000 | -48,442,000 | -45,180,000 | -39,066,000 | -139,008,000 | -33,569,000 | -44,809,000 | -31,846,000 | -31,752,000 | -30,600,000 | -23,253,000 | ||
income tax expense | -863,000 | -51,000 | |||||||||||||||||||||||||||||||
net income | -71,598,000 | -90,332,000 | -79,118,000 | -47,917,000 | -70,161,000 | -27,606,000 | -82,094,000 | -58,272,000 | -52,690,000 | ||||||||||||||||||||||||
yoy | 2.05% | 227.22% | -3.63% | -17.77% | 33.16% | ||||||||||||||||||||||||||||
qoq | -20.74% | 14.17% | 65.11% | -31.70% | 154.15% | -66.37% | 40.88% | 10.59% | |||||||||||||||||||||||||
net income margin % | -273.09% | -371.90% | -373.30% | -229.02% | -781.13% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | ||
other comprehensive income: | |||||||||||||||||||||||||||||||||
foreign currency exchange translation adjustment | -1,130,000 | -447,000 | -5,868,000 | 18,990,000 | 10,668,000 | -27,959,000 | 27,010,000 | 1,026,000 | 58,000 | 4,802,000 | -5,837,000 | 5,300,000 | 5,641,000 | 8,666,000 | -14,054,000 | -17,485,000 | -7,455,000 | 939,000 | -6,463,000 | 1,542,000 | 1,273,000 | 11,435,000 | 10,915,000 | -1,819,000 | 6,797,000 | -17,701,000 | 19,662,000 | -9,044,000 | -8,872,000 | 5,051,000 | -5,568,000 | ||
unrealized holding gains on available-for-sale debt securities, net of tax of 0 and 0, respectively | -141,000 | ||||||||||||||||||||||||||||||||
total other comprehensive income, net of tax | -1,271,000 | -436,000 | -5,782,000 | 18,968,000 | 11,068,000 | ||||||||||||||||||||||||||||
total comprehensive loss | -72,869,000 | -90,768,000 | -84,900,000 | -28,949,000 | -59,093,000 | -55,882,000 | -55,084,000 | -57,246,000 | -52,632,000 | -72,369,000 | -51,686,000 | -40,252,000 | -34,170,000 | -18,285,000 | -56,821,000 | -59,544,000 | -44,517,000 | -40,727,000 | -40,454,000 | -31,631,000 | -31,993,000 | -31,426,000 | -26,400,000 | -33,864,000 | -117,052,000 | -47,574,000 | -21,282,000 | -36,292,000 | -37,350,000 | -22,128,000 | -26,216,000 | ||
basic and diluted net loss per ordinary share | -270 | -340 | -300 | -180 | -260 | -90 | -310 | -220 | -240 | -450 | -260 | -260 | -230 | -230 | -470 | -460 | -410 | -510 | -470 | -470 | -530 | -830 | -720 | -620 | -2,880 | -600 | -930 | -610 | -650 | -690 | -520 | ||
weighted-average basic and diluted ordinary shares | 266,143,425,000 | 266,138,224,000 | 266,141,431,000 | 266,141,411,000 | 266,126,548,000 | 255,161,038,000 | 266,084,589,000 | 266,025,783,000 | 222,170,707,000 | 173,941,926,000 | 173,984,101,000 | 173,860,491,000 | 173,825,825,000 | 94,993,400,000 | 91,240,801,000 | 90,931,964,000 | 90,914,175,000 | 72,084,078,000 | 72,896,362,000 | 70,832,077,000 | 62,447,606,000 | 51,558,075,000 | 52,093,826,000 | 52,041,340,000 | 43,065,542,000 | 49,859,739,000 | 43,065,542,000 | 44,505,383,000 | 43,611,531,000 | 39,471,029,000 | 39,366,634,000 | ||
license revenue | 1,020,000 | 50,000 | 29,000 | 10,091,000 | 406,000 | 1,292,000 | 3,825,000 | 2,369,000 | 1,507,000 | 242,000 | |||||||||||||||||||||||
loss on disposal of property and equipment | -750 | -3,000 | -223,000 | -23,000 | -3,768,000 | ||||||||||||||||||||||||||||
impairment of operating lease right-of-use assets and related property and equipment | -414,000 | -382,000 | |||||||||||||||||||||||||||||||
income tax expenses | -788,750 | -532,000 | -397,000 | ||||||||||||||||||||||||||||||
unrealized holding gains on available-for-sale debt securities, net of tax of 0, 0, 0 and 0, respectively | 116,000 | 86,000 | -22,000 | ||||||||||||||||||||||||||||||
total other income (expenses) | 13,697,000 | ||||||||||||||||||||||||||||||||
other income (expenses) | 129,000 | 482,000 | |||||||||||||||||||||||||||||||
foreign exchange gain (losses) | 1,181,000 | ||||||||||||||||||||||||||||||||
total other expenses | -2,696,000 | -6,857,000 | -14,196,000 | ||||||||||||||||||||||||||||||
income tax benefit | -2,225,000 | -1,462,000 | -22,000 | 8,000 | -12,361,000 | 4,940,000 | 3,470,000 | 3,970,000 | 5,116,000 | 6,152,000 | 7,474,000 | 5,624,000 | 6,426,000 | 5,385,000 | 6,357,000 | 5,724,000 | 5,581,000 | 7,865,000 | 7,021,000 | 15,159,000 | 3,696,000 | 3,865,000 | 4,598,000 | 3,274,000 | 3,421,000 | 2,605,000 | |||||||
unrealized holding gains on available-for-sale debt securities, net of tax of 0 and 0 | 400,000 | ||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||
research and development | -26,901,500 | -40,323,000 | -36,612,000 | -30,671,000 | -25,158,000 | -37,237,000 | -36,742,000 | -31,344,000 | -32,186,000 | -37,632,000 | -38,212,000 | -33,963,000 | -39,635,000 | -32,292,000 | -32,131,000 | -30,731,000 | -38,728,000 | -33,545,000 | -31,328,000 | -105,418,000 | -31,287,000 | -29,368,000 | -27,310,000 | -26,173,000 | -22,565,000 | -17,713,000 | |||||||
general and administrative | -16,852,500 | -27,330,000 | -21,903,000 | -18,177,000 | -15,728,000 | -10,611,000 | -11,122,000 | -9,284,000 | -7,412,000 | -8,231,000 | -8,269,000 | -7,987,000 | -7,591,000 | -8,299,000 | -7,237,000 | -8,738,000 | -9,006,000 | -9,843,000 | -8,509,000 | -39,452,000 | -7,614,000 | -9,921,000 | -8,605,000 | -11,370,000 | -9,556,000 | -7,593,000 | |||||||
total operating expenses | -41,390,500 | -67,876,000 | -58,929,000 | -38,757,000 | -40,886,000 | -47,824,000 | -47,887,000 | -43,104,000 | -36,288,000 | -43,494,000 | -46,481,000 | -41,784,000 | -47,050,000 | -40,355,000 | -37,723,000 | -39,872,000 | -47,330,000 | -42,708,000 | -39,544,000 | -146,064,000 | -38,563,000 | -43,082,000 | -35,618,000 | -37,205,000 | -30,157,000 | -25,010,000 | |||||||
foreign exchange losses | -3,092,000 | -11,884,000 | |||||||||||||||||||||||||||||||
total other income | 708,000 | 4,221,000 | -5,425,000 | -3,052,000 | -902,000 | -1,042,000 | 979,000 | -1,807,000 | 882,000 | -1,112,000 | -2,472,000 | 478,000 | 7,056,000 | 4,994,000 | -1,727,000 | 3,772,000 | 5,453,000 | 1,757,000 | |||||||||||||||
other (expenses) income | -1,605,000 | ||||||||||||||||||||||||||||||||
total other expense | -13,941,000 | -1,194,250 | -2,965,000 | -1,135,000 | -677,000 | -443,000 | |||||||||||||||||||||||||||
grant income | 166,000 | 180,000 | 236,000 | 138,000 | 269,000 | 404,000 | 438,000 | 293,000 | 2,908,000 | 338,000 | 309,000 | 297,000 | 338,000 | 1,964,000 | 296,000 | ||||||||||||||||||
other expenses | -83,250 | -1,597,000 | |||||||||||||||||||||||||||||||
net loss attributable to ordinary shareholders | -77,171,000 | -45,849,000 | -45,552,000 | -39,811,000 | -26,951,000 | -42,767,000 | -42,059,000 | -37,062,000 | -41,666,000 | -33,991,000 | -33,173,000 | -33,266,000 | -42,861,000 | -37,315,000 | -32,045,000 | -123,849,000 | -29,873,000 | -40,944,000 | -27,248,000 | -28,478,000 | -27,179,000 | -20,648,000 | |||||||||||
loss on disposal of leasehold improvements | -4,000 | -672,000 | |||||||||||||||||||||||||||||||
other comprehensive loss: | |||||||||||||||||||||||||||||||||
other expense | -1,331,000 | -984,000 | |||||||||||||||||||||||||||||||
loss on impairment of leasehold improvements | -4,102,000 |
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 | 2020-05-26 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-09-26 |
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assets | |||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||
cash and cash equivalents | 130,925,000 | 104,132,000 | 86,124,000 | 123,825,000 | 95,799,000 | 227,380,000 | 657,067,000 | 705,939,000 | 758,529,000 | 239,566,000 | 256,415,000 | 307,500,000 | 343,027,000 | 382,436,000 | |||||||||||||||||||
marketable securities - available-for-sale debt securities | 98,509,000 | 196,578,000 | 281,289,000 | 330,454,000 | 420,776,000 | 360,643,000 | |||||||||||||||||||||||||||
restricted cash | 1,493,000 | 1,503,000 | 1,498,000 | 1,507,000 | 1,452,000 | 1,425,000 | 1,470,000 | 1,020,000 | 1,015,000 | 769,000 | 434,000 | 332,000 | 328,000 | 325,000 | 315,000 | 325,000 | 334,000 | 338,000 | 210,000 | 786,000 | 786,000 | 786,000 | 786,000 | 786,000 | 787,000 | 786,000 | 787,000 | 681,000 | 683,000 | 681,000 | 105,000 | ||
accounts receivable | 27,663,000 | 24,024,000 | 32,604,000 | 26,644,000 | 14,317,000 | ||||||||||||||||||||||||||||
inventories | 33,233,000 | 33,209,000 | 27,723,000 | 23,943,000 | 14,647,000 | 4,138,000 | |||||||||||||||||||||||||||
prepaid expenses and other current assets | 77,012,000 | 76,469,000 | 85,339,000 | 67,877,000 | 68,782,000 | 67,343,000 | 59,577,000 | 51,641,000 | 44,754,000 | 34,967,000 | 51,533,000 | 47,533,000 | 50,530,000 | 43,010,000 | 36,276,000 | 42,899,000 | 42,899,000 | 37,826,000 | 37,826,000 | 30,136,000 | 25,831,000 | 22,574,000 | 15,411,000 | 12,189,000 | 11,198,000 | ||||||||
total current assets | 368,835,000 | 435,915,000 | 514,577,000 | 574,250,000 | 615,773,000 | 660,929,000 | 718,114,000 | 758,600,000 | 804,298,000 | 275,302,000 | 308,382,000 | 355,365,000 | 393,885,000 | 425,771,000 | 212,311,000 | 258,960,000 | 309,463,000 | 346,952,000 | 237,677,000 | 196,984,000 | 288,060,000 | 196,984,000 | 228,869,000 | 248,731,000 | 249,256,000 | 280,942,000 | 249,256,000 | 260,183,000 | 292,708,000 | 210,988,000 | 232,966,000 | 259,278,000 | 131,872,000 |
non-current assets: | |||||||||||||||||||||||||||||||||
property and equipment | 61,908,000 | 63,563,000 | 66,851,000 | 66,467,000 | 57,970,000 | 49,553,000 | 44,258,000 | 32,860,000 | 33,414,000 | 34,862,000 | 34,637,000 | 36,857,000 | 34,667,000 | 35,209,000 | 32,474,000 | 33,794,000 | 31,017,000 | 33,541,000 | 33,962,000 | 38,046,000 | 33,543,000 | 38,046,000 | 32,755,000 | 30,954,000 | 28,164,000 | 29,800,000 | 28,164,000 | 28,413,000 | 25,967,000 | 24,554,000 | 19,968,000 | 13,528,000 | 11,590,000 |
intangible assets | 18,976,000 | 19,809,000 | 20,283,000 | 12,933,000 | 12,475,000 | 12,373,000 | 8,000 | 25,000 | 46,000 | 65,000 | 87,000 | 158,000 | 135,000 | 158,000 | 172,000 | 186,000 | 254,000 | 214,000 | 254,000 | 399,000 | |||||||||||||
prepaid expenses and other non-current assets | 194,000 | 249,000 | 191,000 | 5,258,000 | 116,000 | 170,000 | 193,000 | 284,000 | 328,000 | 380,000 | 136,000 | 295,000 | 465,000 | 2,176,000 | 1,718,000 | 1,888,000 | 2,119,000 | 2,362,000 | 3,033,000 | 3,033,000 | |||||||||||||
operating lease right-of-use assets | 72,563,000 | 64,940,000 | 56,625,000 | 58,619,000 | 56,250,000 | 55,498,000 | 60,503,000 | 57,678,000 | 59,126,000 | 60,791,000 | 59,403,000 | 54,251,000 | 26,861,000 | 23,210,000 | 13,235,000 | 15,230,000 | 17,366,000 | 18,775,000 | |||||||||||||||
long-term deposits | 1,014,000 | 1,032,000 | 1,031,000 | 1,052,000 | 993,000 | 963,000 | 1,033,000 | 977,000 | 975,000 | 983,000 | 943,000 | 1,864,000 | 1,821,000 | 1,832,000 | 1,688,000 | 1,835,000 | 1,983,000 | 2,039,000 | 1,796,000 | 2,625,000 | 1,836,000 | 2,625,000 | 2,446,000 | 2,354,000 | 2,040,000 | 1,933,000 | 2,040,000 | 1,912,000 | 1,965,000 | 2,010,000 | 1,276,000 | ||
deferred tax asset | 3,575,000 | 3,560,000 | 2,389,000 | 2,402,000 | 2,761,000 | 3,239,000 | 3,389,000 | 3,221,000 | 3,295,000 | 3,063,000 | 2,597,000 | 2,360,000 | 2,272,000 | 2,076,000 | 2,396,000 | 2,244,000 | 2,000,000 | 1,826,000 | 1,406,000 | 1,754,000 | 2,034,000 | 1,754,000 | 410,000 | 410,000 | 410,000 | 410,000 | 410,000 | ||||||
total assets | 527,065,000 | 589,068,000 | 661,947,000 | 720,981,000 | 746,338,000 | 782,725,000 | 827,490,000 | 853,620,000 | 901,436,000 | 375,381,000 | 406,098,000 | 450,992,000 | 459,971,000 | 490,274,000 | 263,830,000 | 313,976,000 | 363,994,000 | 405,560,000 | 296,636,000 | 294,237,000 | 349,746,000 | 294,237,000 | 317,077,000 | 310,548,000 | 303,533,000 | 337,664,000 | 303,533,000 | 314,641,000 | 346,145,000 | 264,356,000 | 254,210,000 | 273,205,000 | 143,462,000 |
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||
accounts payable | 1,872,000 | 3,083,000 | 10,967,000 | 5,408,000 | 4,457,000 | 1,969,000 | 1,418,000 | 1,098,000 | 1,399,000 | 103,000 | 661,000 | 3,878,000 | 353,000 | 531,000 | 334,000 | 162,000 | 153,000 | 431,000 | 1,462,000 | 2,263,000 | 2,259,000 | 2,263,000 | 1,997,000 | 626,000 | 1,075,000 | 1,057,000 | 1,075,000 | 2,733,000 | 3,143,000 | 1,833,000 | 2,022,000 | 3,036,000 | 3,613,000 |
accrued expenses and other liabilities | 46,766,000 | 55,792,000 | 52,264,000 | 51,366,000 | 49,659,000 | 52,276,000 | 47,488,000 | 35,579,000 | 37,768,000 | 39,581,000 | 31,388,000 | 30,954,000 | 34,463,000 | 40,797,000 | 34,669,000 | 31,360,000 | 24,513,000 | 23,667,000 | 28,634,000 | 27,781,000 | 24,683,000 | 27,781,000 | 25,400,000 | 22,753,000 | 21,398,000 | 22,471,000 | 21,398,000 | 15,548,000 | 17,237,000 | 16,248,000 | 19,054,000 | 14,103,000 | 11,888,000 |
operating lease liabilities, current | 3,061,000 | 4,565,000 | 4,828,000 | 3,277,000 | 2,974,000 | 2,998,000 | 3,568,000 | 4,227,000 | 4,818,000 | 5,053,000 | 5,491,000 | 6,231,000 | 4,821,000 | 5,038,000 | 4,453,000 | ||||||||||||||||||
liabilities related to future royalties and milestones, net - current | 11,900,000 | 10,000,000 | 7,400,000 | 6,000,000 | 4,800,000 | 3,500,000 | |||||||||||||||||||||||||||
total current liabilities | 63,599,000 | 73,440,000 | 83,071,000 | 68,151,000 | 66,615,000 | 60,743,000 | 52,474,000 | 40,904,000 | 43,985,000 | 44,737,000 | 37,540,000 | 41,063,000 | 39,637,000 | 46,366,000 | 38,818,000 | 35,517,000 | 28,840,000 | 28,551,000 | 34,563,000 | 33,634,000 | 30,599,000 | 33,634,000 | 30,810,000 | 27,267,000 | 24,984,000 | 26,051,000 | 24,984,000 | 20,563,000 | 22,305,000 | 19,784,000 | 21,076,000 | 17,139,000 | 15,501,000 |
non-current liabilities: | |||||||||||||||||||||||||||||||||
operating lease liabilities, non-current | 76,895,000 | 66,822,000 | 61,007,000 | 61,258,000 | 54,734,000 | 49,631,000 | 48,661,000 | 45,794,000 | 46,518,000 | 47,914,000 | 46,967,000 | 44,707,000 | 22,495,000 | 19,218,000 | 16,545,000 | ||||||||||||||||||
liabilities related to future royalties and milestones, net - non-current | 277,268,000 | 270,200,000 | 251,945,000 | 244,631,000 | 253,437,000 | 244,600,000 | |||||||||||||||||||||||||||
other long-term payables | 477,000 | 477,000 | 472,000 | 477,000 | 444,000 | 426,000 | 447,000 | 415,000 | 409,000 | 357,000 | 295,000 | 122,000 | 114,000 | 105,000 | 115,000 | 124,000 | 30,000 | 121,000 | 241,000 | 285,000 | 380,000 | 604,000 | |||||||||||
total liabilities | 418,239,000 | 410,939,000 | 396,495,000 | 374,517,000 | 375,230,000 | 355,400,000 | 350,525,000 | 325,776,000 | 319,406,000 | 263,907,000 | 225,580,000 | 221,656,000 | 193,051,000 | 191,600,000 | 102,676,000 | 99,455,000 | 92,851,000 | 92,240,000 | 51,906,000 | 84,205,000 | 50,179,000 | 84,205,000 | 80,266,000 | 51,596,000 | 48,694,000 | 50,186,000 | 48,694,000 | 45,000,000 | 47,923,000 | 46,473,000 | 21,568,000 | 17,740,000 | 16,363,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 490,909,783 and 490,909,783 shares authorized as of march 31, 2026 and as of december 31, 2025, respectively; 266,143,286 and 266,143,286, shares issued at march 31, 2026 and december 31, 2025, respectively; 266,155,786 and 266,143,286, shares outstanding at march 31, 2026 and december 31, 2025, respectively | 12,000 | ||||||||||||||||||||||||||||||||
deferred shares, £0.00001 par value... | |||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at march 31, 2026 and december 31, 2025 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at march 31, 2026 and december 31, 2025 | |||||||||||||||||||||||||||||||||
additional paid-in capital | 1,573,673,000 | 1,570,107,000 | 1,566,662,000 | 1,562,774,000 | 1,558,469,000 | 1,555,593,000 | 1,549,351,000 | 1,545,146,000 | 1,542,086,000 | 1,018,902,000 | 1,015,577,000 | 1,012,709,000 | 1,010,041,000 | 1,007,625,000 | 851,824,000 | 848,370,000 | 845,448,000 | 843,108,000 | 733,792,000 | 595,016,000 | 716,544,000 | 595,016,000 | 590,369,000 | 586,110,000 | 500,560,000 | 580,772,000 | 500,560,000 | 494,080,000 | 486,369,000 | 368,680,000 | 361,311,000 | 357,918,000 | 196,981,000 |
accumulated other comprehensive loss | -6,627,000 | -5,356,000 | -4,920,000 | 862,000 | -18,106,000 | -29,174,000 | -898,000 | -27,908,000 | -28,934,000 | -28,992,000 | -33,794,000 | -27,957,000 | -33,257,000 | -38,898,000 | -47,564,000 | -33,510,000 | -16,025,000 | -8,570,000 | -9,509,000 | -5,861,000 | -4,588,000 | -5,861,000 | -17,296,000 | -28,211,000 | -8,691,000 | -26,392,000 | -8,691,000 | -28,353,000 | -19,309,000 | -10,437,000 | -15,488,000 | -9,920,000 | 2,258,000 |
accumulated deficit | -1,458,350,000 | -1,386,752,000 | -1,296,420,000 | -1,217,302,000 | -1,169,385,000 | -1,099,224,000 | -1,071,618,000 | -989,524,000 | -931,252,000 | -878,562,000 | -801,391,000 | -755,542,000 | -709,990,000 | -670,179,000 | -643,228,000 | -600,461,000 | -558,402,000 | -521,340,000 | -479,674,000 | -379,244,000 | -412,510,000 | -379,244,000 | -336,383,000 | -299,068,000 | -237,150,000 | -267,023,000 | -237,150,000 | -196,206,000 | -168,958,000 | -140,480,000 | -113,301,000 | -92,653,000 | -72,141,000 |
total shareholders’ equity | 108,826,000 | 265,452,000 | 346,464,000 | 371,108,000 | 476,965,000 | 254,839,000 | 127,099,000 | ||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 527,065,000 | 661,947,000 | 720,981,000 | 746,338,000 | 827,490,000 | 303,533,000 | 143,462,000 | ||||||||||||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||
shareholders' equity: | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 490,909,783 shares authorized at december 31, 2025 and 490,909,783 as of december 31, 2024; 266,143,286 and 266,121,689 shares issued at december 31, 2025 and 2024, respectively; 266,143,286 and 266,125,337 shares outstanding at december 31, 2025 and 2024, respectively | 12,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at december 31, 2025 and 2024 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at december 31, 2025 and 2024 | |||||||||||||||||||||||||||||||||
total shareholders' equity | 178,129,000 | 427,325,000 | 527,844,000 | 582,030,000 | 111,474,000 | 180,518,000 | 229,336,000 | 266,920,000 | 298,674,000 | 161,154,000 | 214,521,000 | 271,143,000 | 313,320,000 | 244,730,000 | 210,032,000 | 299,567,000 | 210,032,000 | 236,811,000 | 258,952,000 | 287,478,000 | 254,839,000 | 269,641,000 | 298,222,000 | 217,883,000 | 232,642,000 | 255,465,000 | |||||||
total liabilities and shareholders' equity | 589,068,000 | 782,725,000 | 853,620,000 | 901,436,000 | 375,381,000 | 406,098,000 | 450,992,000 | 459,971,000 | 490,274,000 | 263,830,000 | 313,976,000 | 363,994,000 | 405,560,000 | 296,636,000 | 294,237,000 | 349,746,000 | 294,237,000 | 317,077,000 | 310,548,000 | 337,664,000 | 303,533,000 | 314,641,000 | 346,145,000 | 264,356,000 | 254,210,000 | 273,205,000 | |||||||
deferred revenue | 7,612,000 | 2,100,000 | 4,725,000 | ||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 490,909,783 and 490,909,783 shares authorized as of september 30, 2025 and as of december 31, 2024, respectively; 266,141,411 and 266,121,689, shares issued at september 30, 2025 and december 31, 2024, respectively; 266,143,286 and 266,125,337, shares outstanding at september 30, 2025 and december 31, 2024, respectively | 12,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at september 30, 2025 and december 31, 2024 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at september 30, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 490,909,783 and 490,909,783 shares authorized as of june 30, 2025 and as of december 31, 2024, respectively; 266,137,837 and 266,121,689, shares issued at june 30, 2025 and december 31, 2024, respectively; 266,141,411 and 266,125,337, shares outstanding at june 30, 2025 and december 31, 2024, respectively | 12,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at june 30, 2025 and december 31, 2024 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at june 30, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 490,909,783 and 490,909,783 shares authorized as of march 31, 2025 and as of december 31, 2024, respectively; 266,125,337 and 266,121,689, shares issued at march 31, 2025 and december 31, 2024, respectively; 266,141,411 and 266,125,337, shares outstanding at march 31, 2025 and december 31, 2024, respectively | 12,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at march 31, 2025 and december 31, 2024 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at march 31, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 490,909,783 shares authorized at december 31, 2024 and 290,909,783 as of december 31, 2023; 266,121,689 and 174,101,361 shares issued at december 31, 2024 and 2023, respectively; 266,125,337 and 174,158,985 shares outstanding at december 31, 2024 and 2023, respectively | 12,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at december 31, 2024 and 2023 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at december 31, 2024 and 2023 | |||||||||||||||||||||||||||||||||
liabilities related to future royalties and milestones | 248,943,000 | 238,663,000 | 228,494,000 | ||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 490,909,783 shares authorized as of september 30, 2024 and 290,909,783 as of december 31, 2023; 266,117,277 and 174,101,361, shares issued at september 30, 2024 and december 31, 2023, respectively; 266,119,252 and 174,158,985, shares outstanding at september 30, 2024 and december 31, 2023, respectively | 12,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at september 30, 2024 and december 31, 2023 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at september 30, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 490,909,783 shares authorized as of june 30, 2024 and 290,909,783 as of december 31, 2023; 266,045,468 and 174,101,361, shares issued at june 30, 2024 and december 31, 2023, respectively; 266,045,568 and 174,158,985, shares outstanding at june 30, 2024 and december 31, 2023, respectively | 12,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at june 30, 2024 and december 31, 2023 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at june 30, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 290,909,783 shares authorized as of march 31, 2024 and december 31, 2023; 265,928,023 and 174,101,361, shares issued at march 31, 2024 and december 31, 2023; 265,998,026 and 174,158,985, outstanding at march 31, 2024 and december 31, 2023, respectively | 12,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at march 31, 2024 and december 31, 2023 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at march 31, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||
liability related to future royalties and sales milestones | 170,899,000 | 140,778,000 | 135,764,000 | 130,805,000 | 125,900,000 | ||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 290,909,783 shares authorized at december 31, 2023 and 2022, 174,101,361 and 173,074,510 shares issued and outstanding at december 31, 2023 and 2022 | 8,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at december 31, 2023 and 2022 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at december 31, 2023 and 2022 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 290,909,783 shares authorized as of september 30, 2023 and december 31, 2022; 173,936,794 and 173,074,510, shares issued and outstanding at september 30, 2023 and december 31, 2022 | 8,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at september 30, 2023 and december 31, 2022 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at september 30, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 290,909,783 shares authorized as of june 30, 2023 and december 31, 2022; 173,680,872 and 173,074,510, shares issued and outstanding at june 30, 2023 and december 31, 2022 | 8,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at june 30, 2023 and december 31, 2022 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at june 30, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 290,909,783 shares authorized as of march 31, 2023 and december 31, 2022; 173,074,510 shares issued and outstanding at march 31, 2023 and december 31, 2022 | 8,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at march 31, 2023 and december 31, 2022 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at march 31, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||
other long term payables | 116,000 | 128,000 | |||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 290,909,783 and 200,000,000 shares authorized at december 31, 2022 and 2021, 173,074,510 and 90,907,830 shares issued and outstanding at december 31, 2022 and 2021 | 8,000 | ||||||||||||||||||||||||||||||||
deferred shares,£0.00001 par value... | |||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at december 31, 2022 and 2021 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at december 31, 2022 and 2021 | |||||||||||||||||||||||||||||||||
cash | 163,053,000 | 216,437,000 | 268,558,000 | 310,338,000 | 173,060,000 | 153,299,000 | 239,012,000 | 153,299,000 | 177,695,000 | 212,044,000 | 210,643,000 | 243,312,000 | 210,643,000 | 229,366,000 | 266,194,000 | 187,733,000 | 217,450,000 | 247,089,000 | 120,674,000 | ||||||||||||||
prepaid expenses and other assets, current | 48,943,000 | 42,198,000 | 40,571,000 | 64,407,000 | 48,262,000 | 50,388,000 | 35,901,000 | 36,844,000 | |||||||||||||||||||||||||
operating lease liabilities | 3,815,000 | 3,995,000 | 4,174,000 | ||||||||||||||||||||||||||||||
operating lease liabilities, net of current portion | 11,310,000 | 13,208,000 | 15,081,000 | ||||||||||||||||||||||||||||||
liability related to sale of future royalties and sales milestones | 52,443,000 | 50,615,000 | 48,806,000 | ||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 290,909,783 and 200,000,000 shares authorized as of september 30, 2022 and december 31, 2021, respectively; 91,132,356 and 90,907,830, shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively | 4,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at september 30, 2022 and december 31, 2021 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at september 30, 2022 and december 31, 2021 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 290,909,783 and 200,000,000 shares authorized as of june 30, 2022 and december 31, 2021, respectively; 90,909,783 and 90,907,830, shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively | 4,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at june 30, 2022 and december 31, 2021 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at june 30, 2022 and december 31, 2021 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized as of march 31, 2022 and december 31, 2021; 90,907,941 and 90,907,830, shares issued and outstanding at march 31, 2022 and december 31, 2021, respectively | 4,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at march 31, 2022 and december 31, 2021 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at march 31, 2022 and december 31, 2021 | |||||||||||||||||||||||||||||||||
liability related to sale of future royalty and sales milestones | 47,016,000 | ||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized at december 31, 2021 and 2020, 90,907,830 and 52,346,231 shares issued and outstanding at december 31, 2021 and 2020 | 4,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at december 31, 2021 and 2020 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at december 31, 2021 and 2020 | |||||||||||||||||||||||||||||||||
right of use assets | 19,196,000 | 21,199,000 | 49,535,000 | 25,100,000 | 23,713,000 | ||||||||||||||||||||||||||||
prepaid expenses and other assets, non-current | 2,512,000 | 2,939,000 | 2,890,000 | 2,813,000 | 652,000 | ||||||||||||||||||||||||||||
lease liabilities | 4,467,000 | 3,657,000 | 3,413,000 | 3,888,000 | 2,523,000 | ||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized as of september 30, 2021 and december 31, 2020; 72,918,994 and 52,346,231, shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively | 3,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at september 30, 2021 and december 31, 2020 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at september 30, 2021 and december 31, 2020 | |||||||||||||||||||||||||||||||||
right of use asset | 51,637,000 | 51,637,000 | 23,409,000 | 23,409,000 | 24,133,000 | 25,505,000 | 26,804,000 | ||||||||||||||||||||||||||
lease liability | 3,590,000 | 3,590,000 | 2,511,000 | 2,511,000 | 2,282,000 | 1,925,000 | 1,703,000 | ||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized at december 31, 2020 and 2019, 52,346,231 and 44,983,006 shares issued and outstanding at december 31, 2020 and 2019 | 3,000 | 3,000 | |||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at december 31, 2020 and 2019 | 118,000 | 118,000 | |||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at december 31, 2020 and 2019 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized as of march 31, 2021 and december 31, 2020; 70,515,354 and 52,346,231, shares issued and outstanding at march 31, 2021 and december 31, 2020, respectively | 3,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at march 31, 2021 and december 31, 2020 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at march 31, 2021 and december 31, 2020 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized as of september 30, 2020 and december 31, 2019; 52,298,876 and 44,983,006, shares issued and outstanding at september 30, 2020 and december 31, 2019, respectively | 3,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at september 30, 2020 and december 31, 2019 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at september 30, 2020 and december 31, 2019 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized as of june 30, 2020 and december 31, 2019; 52,250,404 and 44,983,006, shares issued and outstanding at june 30, 2020 and december 31, 2019, respectively | 3,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at june 30, 2020 and december 31, 2019 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at june 30, 2020 and december 31, 2019 | |||||||||||||||||||||||||||||||||
long-term lease incentive obligation | 207,000 | 221,000 | 258,000 | ||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized at december 31, 2019 and 2018, 44,983,006 and 40,145,617 shares issued and outstanding at december 31, 2019 and 2018 | 2,000 | 2,000 | |||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at december 31, 2019 and 2018 | 118,000 | 118,000 | |||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at december 31, 2019 and 2018 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized as of march 31, 2020 and december 31, 2019; 52,247,932 and 44,983,006, shares issued and outstanding at march 31, 2020 and december 31, 2019, respectively | 3,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at march 31, 2020 and december 31, 2019 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000008 par value; 1 share authorized, issued and outstanding at march 31, 2020 and december 31, 2019 | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized as of september 30, 2019 and december 31, 2018; 44,982,378 and 40,145,617 shares issued and outstanding at september 30, 2019 and december 31, 2018, respectively | 2,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at september 30, 2019 and december 31, 2018 | 118,000 | ||||||||||||||||||||||||||||||||
deferred c shares, £0.000001 par value... | |||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized as of june 30, 2019 and december 31, 2018; 44,981,860 and 40,145,617, shares issued and outstanding at june 30, 2019 and december 31, 2018, respectively | 2,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at june 30, 2019 and december 31, 2018 | 118,000 | ||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized as of march 31, 2019 and december 31, 2018; 40,147,441 and 40,145,617, shares issued and outstanding at march 31, 2019 and december 31, 2018, respectively | 2,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at march 31, 2019 and december 31, 2018 | 118,000 | ||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 shares authorized as of december 31, 2018 and september 30, 2018, 37,426,509 authorized as of september 30, 2017; 40,145,617, 40,146,182, and 29,962,742 shares issued and outstanding at december 31, 2018 and september 30, 2018 and 2017, respectively | 2,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 shares authorized, issued and outstanding at december 31, 2018 and september 30, 2018; no shares authorized, issued or outstanding at september 30, 2017 | 118,000 | ||||||||||||||||||||||||||||||||
ordinary shares, 0.000042 par value; 200,000,000 and 37,426,509 share authorized, 40,146,182 and 29,962,742 shares, issued and outstanding at september 30, 2018 and september 30, 2017, respectively | 2,000 | ||||||||||||||||||||||||||||||||
deferred b shares, £0.00099 par value; 88,893,548 and 0 shares authorized, issued and outstanding at september 30, 2018 and september 30, 2017, respectively | 118,000 | ||||||||||||||||||||||||||||||||
preferred shares, £0.00001 par value... | 1,000 | ||||||||||||||||||||||||||||||||
ordinary shares, £0.00001 par value... |
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 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||
net loss | -71,598,000 | -90,332,000 | -79,115,000 | -47,920,000 | -70,161,000 | -27,606,000 | -82,094,000 | -58,272,000 | -52,690,000 | -45,849,000 | -45,552,000 | -39,811,000 | -26,951,000 | -42,768,000 | -42,058,000 | -37,062,000 | -42,861,000 | -37,315,000 | -29,873,000 | -40,944,000 | -27,250,000 | -28,476,000 | -27,179,000 | |||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||
depreciation on property and equipment | 2,209,000 | 2,142,000 | 2,079,000 | 2,083,000 | 1,992,000 | |||||||||||||||||||||
amortization of intangible assets | 490,000 | 489,000 | 459,000 | 285,000 | 285,000 | |||||||||||||||||||||
inventory reserves and write-offs | 2,046,000 | 4,700,000 | 4,335,000 | |||||||||||||||||||||||
loss on disposal of property and equipment | 2,000 | 11,000 | 0 | 0 | 3,000 | 0 | -21,000 | 0 | 23,000 | 3,789,000 | 672,000 | |||||||||||||||
share-based compensation net of amounts capitalized | 3,565,000 | 3,443,000 | 3,835,000 | 4,293,000 | 2,867,000 | 6,233,000 | 4,020,000 | 2,935,000 | 2,284,000 | 3,275,000 | ||||||||||||||||
interest expense accrued on liabilities related to future royalties and milestones | 11,030,000 | 22,652,000 | 10,493,000 | -6,843,000 | 10,137,000 | 19,260,000 | ||||||||||||||||||||
accretion of available-for-sale securities | -935,000 | -1,398,000 | -1,690,000 | -2,464,000 | -2,639,000 | |||||||||||||||||||||
foreign exchange differences | 3,511,000 | -684,000 | 3,219,000 | -3,806,000 | -1,896,000 | 15,064,000 | -14,308,000 | -533,000 | 1,675,000 | -7,238,000 | 5,917,000 | -3,298,000 | -2,985,000 | -6,541,000 | ||||||||||||
non-cash operating lease expense | 883,000 | 1,059,000 | 1,236,000 | 1,191,000 | 1,153,000 | 1,136,000 | ||||||||||||||||||||
deferred income tax | -16,000 | -1,170,000 | 13,000 | 384,000 | 487,000 | 141,000 | -168,000 | 74,000 | -232,000 | -466,000 | -238,000 | -87,000 | -195,000 | 319,000 | -160,000 | -253,000 | -174,000 | -420,000 | -280,000 | |||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||
decrease in prepaid expenses and other current assets | -1,894,000 | 4,842,000 | 610,000 | |||||||||||||||||||||||
decrease in prepaid expenses and other non-current assets | 52,000 | -153,000 | 4,588,000 | -4,817,000 | 116,000 | 650,000 | 129,000 | 82,000 | 77,000 | |||||||||||||||||
increase in inventories | -2,541,000 | -10,110,000 | -8,602,000 | -11,439,000 | -10,099,000 | |||||||||||||||||||||
increase in accounts receivable | -3,632,000 | 8,569,000 | -6,001,000 | -12,391,000 | -14,335,000 | |||||||||||||||||||||
increase in accounts payable | -1,173,000 | -7,516,000 | 5,421,000 | 1,533,000 | 1,862,000 | 331,000 | 276,000 | -335,000 | 1,318,000 | |||||||||||||||||
increase in deferred revenue | 5,512,000 | -2,625,000 | 4,725,000 | |||||||||||||||||||||||
increase in accrued expenses and other liabilities | -7,510,000 | 3,567,000 | 8,221,000 | |||||||||||||||||||||||
increase in operating lease liability | 194,000 | 5,417,000 | 2,593,000 | 3,387,000 | 3,248,000 | |||||||||||||||||||||
net cash from operating activities | -65,317,000 | -67,323,000 | -67,899,000 | -72,781,000 | -75,565,000 | -37,934,000 | -76,740,000 | -51,083,000 | -40,514,000 | -24,833,000 | -40,188,000 | -38,147,000 | -42,419,000 | -14,566,000 | -31,904,000 | -30,808,000 | -35,030,000 | -9,158,000 | -37,343,000 | -27,730,000 | -39,062,000 | -24,033,000 | -33,267,000 | -24,487,000 | -17,212,000 | -26,518,000 |
capital expenditures | -2,688,000 | 885,000 | -4,408,000 | -7,277,000 | -8,243,000 | 0 | -9,589,000 | -841,000 | -533,000 | -1,477,000 | -1,498,000 | -4,389,000 | -3,622,000 | -633,000 | -6,797,000 | -2,640,000 | -771,000 | -1,585,000 | -1,900,000 | -5,472,000 | -4,049,000 | -2,637,000 | -1,587,000 | -3,781,000 | -5,644,000 | -7,329,000 |
free cash flows | -68,005,000 | -66,438,000 | -72,307,000 | -80,058,000 | -83,808,000 | -37,934,000 | -86,329,000 | -51,924,000 | -41,047,000 | -26,310,000 | -41,686,000 | -42,536,000 | -46,041,000 | -15,199,000 | -38,701,000 | -33,448,000 | -35,801,000 | -10,743,000 | -39,243,000 | -33,202,000 | -43,111,000 | -26,670,000 | -34,854,000 | -28,268,000 | -22,856,000 | -33,847,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||
acquisition of property and equipment | -2,688,000 | 885,000 | -4,408,000 | -7,277,000 | -8,243,000 | |||||||||||||||||||||
purchases of marketable securities: available-for-sale debt securities | -14,721,000 | -40,381,000 | -82,939,000 | -47,995,000 | -71,304,000 | |||||||||||||||||||||
proceeds from maturities and redemptions of marketable securities: available-for-sale debt securities | 113,560,000 | 126,039,000 | 130,983,000 | |||||||||||||||||||||||
net cash from investing activities | 96,151,000 | 86,543,000 | 35,547,000 | 95,915,000 | -59,547,000 | -383,589,000 | -9,589,000 | -841,000 | -533,000 | -1,477,000 | -1,498,000 | -4,389,000 | -3,622,000 | -633,000 | -6,797,000 | -2,640,000 | -771,000 | -1,585,000 | -1,900,000 | -5,472,000 | -4,049,000 | -2,637,000 | -1,914,000 | -3,781,000 | -5,644,000 | -7,329,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||
payments of liabilities related to future royalties and milestones | -2,062,000 | |||||||||||||||||||||||||
net cash from financing activities | -2,062,000 | -1,797,000 | -1,774,000 | 30,007,000 | 185,000 | -2,079,000 | 561,441,000 | 23,000 | 4,000 | -219,000 | -691,000 | 223,509,000 | 102,000 | 0 | -1,000 | 147,415,000 | 123,324,000 | 392,000 | 10,000 | 74,310,000 | 34,000 | -576,000 | 109,401,000 | 4,000 | ||
effect of exchange rate changes on cash, cash equivalents and restricted cash | -1,989,000 | 589,000 | -3,583,000 | 5,715,000 | 3,558,000 | -38,216,000 | 37,722,000 | 1,418,000 | -1,185,000 | 9,773,000 | -9,301,000 | |||||||||||||||
net increase in cash, cash equivalents and restricted cash | 26,783,000 | -37,709,000 | 28,081,000 | -131,554,000 | -48,422,000 | -52,585,000 | 519,209,000 | |||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 105,635,000 | 1,000 | -1,000 | 0 | 228,805,000 | 0 | 0 | 0 | 240,335,000 | 0 | 0 | 0 | 382,761,000 | |||||||||||||
cash, cash equivalents and restricted cash, end of period | 132,418,000 | 18,013,000 | -37,710,000 | 28,081,000 | 97,251,000 | -429,732,000 | -48,422,000 | -52,585,000 | 759,544,000 | -16,514,000 | -50,983,000 | -35,523,000 | 343,355,000 | |||||||||||||
loss on termination of operating lease | 0 | 0 | 0 | 0 | 95,000 | |||||||||||||||||||||
impairment of operating lease right-of-use assets and related property and equipment | 0 | 0 | 0 | |||||||||||||||||||||||
changes in operating assets and liabilities | ||||||||||||||||||||||||||
increase in prepaid expenses and other current assets | 8,821,000 | -4,915,000 | -6,749,000 | -10,187,000 | ||||||||||||||||||||||
decrease in long-term deposits | ||||||||||||||||||||||||||
acquisition of intangibles assets | 0 | |||||||||||||||||||||||||
proceeds from issuance of ordinary shares | ||||||||||||||||||||||||||
proceeds from exercise of share options | ||||||||||||||||||||||||||
proceeds from liabilities related to future royalties and milestones | 30,000,000 | 0 | 0 | 40,000,000 | ||||||||||||||||||||||
payments of equity issuance costs | 0 | 0 | -1,840,000 | -27,520,000 | 0 | 0 | -219,000 | -691,000 | -10,345,000 | -15,000 | 0 | -1,000 | ||||||||||||||
payments of issuance costs related to the liabilities related to future royalties and milestones | ||||||||||||||||||||||||||
payments of revenue share | -1,797,000 | -1,774,000 | ||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -50,983,000 | -35,523,000 | -39,406,000 | |||||||||||||||||||||||
amortization of right-of-use assets | 825,000 | |||||||||||||||||||||||||
proceeds of issuance of ordinary shares | 0 | 0 | 549,977,000 | |||||||||||||||||||||||
proceeds from the exercise of share options | 185,000 | 125,000 | 285,000 | |||||||||||||||||||||||
decrease in accrued expenses and other liabilities | -1,411,000 | -3,826,000 | -499,000 | -3,777,000 | ||||||||||||||||||||||
maturity / redemption of marketable securities: available-for-sale debt securities | 20,000,000 | |||||||||||||||||||||||||
decrease in operating lease liability | 3,709,000 | -1,478,000 | -1,416,000 | -1,184,000 | ||||||||||||||||||||||
investment in marketable securities: available-for-sale debt securities | ||||||||||||||||||||||||||
depreciation and amortization | 1,938,000 | 1,895,000 | 1,806,000 | 1,775,000 | 1,379,000 | 1,512,000 | 1,899,000 | 1,649,000 | 1,787,000 | 1,919,000 | 2,067,000 | 2,104,000 | 1,662,000 | 1,468,000 | 1,261,000 | 1,142,000 | 541,000 | 1,639,000 | ||||||||
interest expense including cumulative catch-up adjustments on liabilities related to future royalties and milestones | ||||||||||||||||||||||||||
purchases of property and equipment | -9,589,000 | -841,000 | -533,000 | -1,477,000 | -1,498,000 | -4,389,000 | -3,622,000 | -633,000 | -6,797,000 | -2,640,000 | -771,000 | -1,585,000 | -1,900,000 | -5,472,000 | -4,049,000 | -2,637,000 | -1,587,000 | -3,781,000 | -5,644,000 | -7,329,000 | ||||||
payments of issuance costs related to the liabilities related to the sale of future royalties and milestones | 0 | |||||||||||||||||||||||||
interest expense on liabilities related to future royalties and milestones | ||||||||||||||||||||||||||
payments of issuance costs related to the liabilities related to the sale of future royalties and sales milestones | -1,301,000 | |||||||||||||||||||||||||
net income attributable to ordinary shareholders | ||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||
interest expense accrued on liability related to future royalties and sales milestones, net and cumulative catch-up adjustment | ||||||||||||||||||||||||||
loss on lease incentive and reassessment | ||||||||||||||||||||||||||
decrease (increase) in prepaid expenses and other current assets | ||||||||||||||||||||||||||
decrease (increase) in long-term deposits | ||||||||||||||||||||||||||
proceeds from liability related to future royalties and sales milestones | ||||||||||||||||||||||||||
payments of issuance costs related to the liability related to the sale of future royalties and sales milestones | ||||||||||||||||||||||||||
interest expense accrued on liability related to future royalties and sales milestones | ||||||||||||||||||||||||||
prepaid expenses and other current assets | -6,064,000 | 4,298,000 | -5,889,000 | -10,713,000 | -4,667,000 | -5,429,000 | -1,186,000 | -5,167,000 | -5,129,000 | -3,896,000 | -6,816,000 | |||||||||||||||
non-current prepaid expenses and other non-current assets | ||||||||||||||||||||||||||
long-term deposits | 886,000 | 0 | 51,000 | 811,000 | -53,000 | 0 | -18,000 | 22,000 | -10,000 | -7,000 | -707,000 | |||||||||||||||
accounts payable | -3,194,000 | 3,490,000 | -227,000 | 232,000 | -47,000 | -272,000 | -902,000 | 929,000 | 1,789,000 | -124,000 | -1,813,000 | -113,000 | 968,000 | -493,000 | ||||||||||||
accrued expenses and other liabilities | 2,707,000 | -2,474,000 | -7,056,000 | 9,348,000 | 4,231,000 | 1,890,000 | -1,649,000 | 657,000 | 3,742,000 | -361,000 | 3,186,000 | |||||||||||||||
current and non-current operating lease liabilities, net of operating lease right of use assets | -4,103,000 | -3,699,000 | -1,200,000 | |||||||||||||||||||||||
supplemental non-cash flow information | ||||||||||||||||||||||||||
property and equipment purchases included in accounts payable and accrued expenses | -873,000 | -1,430,000 | 3,692,000 | -3,696,000 | 4,322,000 | 593,000 | 569,000 | -2,178,000 | 4,624,000 | 538,000 | -293,000 | 1,226,000 | ||||||||||||||
right-of-use assets obtained in exchange for operating lease liabilities | ||||||||||||||||||||||||||
right of use assets terminated and obtained in exchange for operating lease liabilities | 0 | 0 | -1,110,000 | 26,575,000 | 2,487,000 | |||||||||||||||||||||
capitalized implementation costs included in accrued expenses | -42,000 | -154,000 | 270,000 | 190,000 | 0 | -190,000 | 607,000 | |||||||||||||||||||
capitalized share-based compensation | 4,000 | 7,000 | 8,000 | 0 | 46,000 | 44,000 | ||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets: | ||||||||||||||||||||||||||
cash and cash equivalents | -51,085,000 | -35,527,000 | 343,027,000 | |||||||||||||||||||||||
restricted cash | 102,000 | 4,000 | 328,000 | -10,000 | -9,000 | 334,000 | 786,000 | 0 | 786,000 | |||||||||||||||||
total cash, cash equivalents and restricted cash | -50,983,000 | |||||||||||||||||||||||||
non-cash share-based compensation | 2,661,000 | 2,408,000 | 3,415,000 | 3,337,000 | 2,922,000 | 2,340,000 | ||||||||||||||||||||
non-cash interest expense | 4,959,000 | 4,905,000 | 1,828,000 | 1,809,000 | 1,790,000 | |||||||||||||||||||||
prepaid expenses and other non-current assets | 20,000 | 1,797,000 | 46,000 | 75,000 | 180,000 | -233,000 | ||||||||||||||||||||
right of use assets obtained in exchange for operating lease liabilities | 27,730,000 | 5,173,000 | ||||||||||||||||||||||||
issuance costs included in accounts payable and accrued expenses | 272,000 | 0 | 16,000 | 1,124,000 | ||||||||||||||||||||||
effect of exchange rate changes on cash and restricted cash | 7,326,000 | 11,083,000 | -14,795,000 | -18,682,000 | -5,982,000 | 734,000 | 1,632,000 | 8,752,000 | -14,972,000 | -7,986,000 | -8,082,000 | 4,702,000 | ||||||||||||||
total cash and restricted cash | 343,355,000 | -53,394,000 | -52,130,000 | 268,892,000 | 239,798,000 | -24,396,000 | -34,349,000 | 244,098,000 | -18,617,000 | -36,830,000 | 78,463,000 | 188,414,000 | ||||||||||||||
loss on disposal of fixed assets and intangible assets | ||||||||||||||||||||||||||
non-cash interest expense and cumulative catch-up adjustment | ||||||||||||||||||||||||||
gain on termination of operating lease | 11,000 | 0 | 0 | -160,000 | ||||||||||||||||||||||
( increase) decrease in long-term deposits | ||||||||||||||||||||||||||
increase in current and non-current operating lease liabilities, net of operating lease right of use assets | ||||||||||||||||||||||||||
net increase in cash and restricted cash | -53,394,000 | -52,130,000 | -41,784,000 | 137,406,000 | 85,713,000 | -34,349,000 | 32,668,000 | -36,830,000 | ||||||||||||||||||
cash and restricted cash, beginning of period | 0 | 0 | 310,676,000 | 0 | 154,085,000 | 0 | 0 | 211,430,000 | 0 | 0 | 0 | 217,555,000 | ||||||||||||||
cash and restricted cash, end of period | -53,394,000 | -52,130,000 | 268,892,000 | 137,406,000 | 239,798,000 | -24,396,000 | -34,349,000 | 244,098,000 | -18,617,000 | -36,830,000 | 78,463,000 | 188,414,000 | ||||||||||||||
reconciliation of cash and restricted cash reported within the condensed consolidated balance sheets: | ||||||||||||||||||||||||||
cash | -53,384,000 | -52,121,000 | 268,558,000 | 239,012,000 | -24,396,000 | -34,349,000 | 243,312,000 | -18,723,000 | -36,828,000 | 78,461,000 | 187,733,000 | |||||||||||||||
non-cash loss on foreign currency remeasurement | ||||||||||||||||||||||||||
operating lease right of use assets | 860,000 | 904,000 | ||||||||||||||||||||||||
current and non-current operating lease liabilities | -840,000 | -1,264,000 | ||||||||||||||||||||||||
lease assets terminated | 28,517,000 | |||||||||||||||||||||||||
net income | -33,266,000 | |||||||||||||||||||||||||
gain on lease incentive and reassessment | ||||||||||||||||||||||||||
loss on impairment of leasehold improvements | ||||||||||||||||||||||||||
decrease (increase) in prepaid expenses and other non-current assets | ||||||||||||||||||||||||||
decrease operating lease right of use assets | ||||||||||||||||||||||||||
(decrease) in current and non-current operating lease liabilities | ||||||||||||||||||||||||||
purchase of intangible assets | ||||||||||||||||||||||||||
proceeds from liability related to the sale of future royalties and sales milestones | ||||||||||||||||||||||||||
share-based compensation | -670,000 | 4,246,000 | 6,189,000 | 7,579,000 | 8,866,000 | 7,365,000 | ||||||||||||||||||||
gain on lease incentive and modification | ||||||||||||||||||||||||||
prepaid expenses and other assets, current | -5,050,000 | -12,034,000 | ||||||||||||||||||||||||
prepaid expenses and other assets, non-current | 163,000 | -143,000 | ||||||||||||||||||||||||
right of use assets | 1,085,000 | 1,077,000 | 1,033,000 | 769,000 | ||||||||||||||||||||||
lease liabilities | 70,000 | -2,095,000 | -513,000 | -297,000 | ||||||||||||||||||||||
proceeds of issuance of ordinary shares, net of issuance costs | 123,324,000 | 392,000 | 10,000 | 74,310,000 | 34,000 | -576,000 | 109,401,000 | 4,000 | ||||||||||||||||||
proceeds from the exercise of stock options | ||||||||||||||||||||||||||
depreciation | ||||||||||||||||||||||||||
effect of exchange rate changes on cash | ||||||||||||||||||||||||||
net increase in cash | ||||||||||||||||||||||||||
supplemental cash flow information | ||||||||||||||||||||||||||
cash paid for taxes | ||||||||||||||||||||||||||
property and equipment purchases included in accounts payable or accrued | ||||||||||||||||||||||||||
leased assets terminated and obtained in exchange for operating lease liabilities | ||||||||||||||||||||||||||
reduction in right of use asset | ||||||||||||||||||||||||||
leased assets obtained in exchange for operating lease liabilities | ||||||||||||||||||||||||||
capitalized share-based compensation, net of forfeitures | ||||||||||||||||||||||||||
reconciliation of cash and restricted cash reported within the consolidated balance sheets | ||||||||||||||||||||||||||
short-term restricted cash | 2,000 | 681,000 | ||||||||||||||||||||||||
right of use asset | 681,000 | |||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||
issuance costs included in accrued expenses | 334,000 | |||||||||||||||||||||||||
lease liability | ||||||||||||||||||||||||||
loss on impairment of property and equipment | 0 | 43,000 | ||||||||||||||||||||||||
operating right of use asset | ||||||||||||||||||||||||||
accrued expenses, lease liabilities, and other liabilities | 3,548,000 | -370,000 | ||||||||||||||||||||||||
operating lease liabilities | ||||||||||||||||||||||||||
net decrease in cash and restricted cash | -29,141,000 | |||||||||||||||||||||||||
loss on disposal of fixed and intangible assets | ||||||||||||||||||||||||||
non-cash consideration for licenses | ||||||||||||||||||||||||||
reconciliation of cash and restricted cash reported within the consolidated balance sheets: | ||||||||||||||||||||||||||
loss on disposal of fixed assets | ||||||||||||||||||||||||||
cash, beginning of year | ||||||||||||||||||||||||||
cash, end of year | ||||||||||||||||||||||||||
property and equipment purchases included in accounts payable |
