KalVista Pharmaceuticals, Inc(NASDAQ:KALV)

KalVista Pharmaceuticals, Inc., a clinical stage pharmaceutical company, discovers, develops, and commercializes small molecule protease inhibitors for diseases with unmet needs. The company's product portfolio comprises small molecule plasma kallikrein inhibitors targeting hereditary angioedema (HA...
Website: http://www.kalvista.com
Founded: 2004
Full Time Employees: 56
Sector: Healthcare
Industry: Biotechnology
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2017-01-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
product revenue | 39,165,000 | 13,692,000 | 1,426,000 | |||||||||||||||||||||||||||||||||||||||||
partnership and other revenue | 1,698,000 | |||||||||||||||||||||||||||||||||||||||||||
total revenues | 40,863,000 | |||||||||||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||||||||
qoq | ||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||
cost of revenue | 3,090,000 | 1,232,000 | 590,000 | |||||||||||||||||||||||||||||||||||||||||
research and development | 12,420,000 | 11,993,000 | 15,162,000 | 15,891,000 | 12,594,000 | 16,610,000 | 26,614,000 | 25,248,000 | 22,523,000 | 19,089,000 | 19,307,000 | 23,951,000 | 20,063,000 | 18,077,000 | 18,186,000 | 19,213,000 | 19,738,000 | 17,546,000 | 13,669,000 | 11,877,000 | 9,097,000 | 9,148,000 | 11,165,000 | 9,485,000 | 11,233,000 | 9,789,000 | 9,686,000 | 5,970,500 | 7,650,000 | 7,876,000 | 8,356,000 | 3,096,250 | 4,548,000 | 4,361,000 | 3,476,000 | 2,417,500 | 3,339,000 | 332,000 | 947,000 | 3,532,000 | 4,260,000 | 3,533,000 | 4,504,000 | 3,902,000 |
selling, general and administrative | 48,795,000 | 46,517,000 | 44,683,000 | |||||||||||||||||||||||||||||||||||||||||
total operating expenses | 64,305,000 | 59,742,000 | 60,435,000 | 55,030,000 | 42,940,000 | 45,811,000 | 44,215,000 | 48,455,000 | 33,151,000 | 29,746,000 | 29,093,000 | 31,728,000 | 26,945,000 | 25,883,000 | 26,316,000 | 26,811,000 | 26,683,000 | 23,603,000 | 19,516,000 | 18,042,000 | 12,657,000 | 12,781,000 | 14,443,000 | 12,781,000 | 14,301,000 | 13,209,000 | 12,933,000 | 14,186,000 | 10,550,000 | 10,485,000 | 10,727,000 | 7,809,000 | 6,677,000 | 7,064,000 | 5,549,000 | 5,200,000 | 8,365,000 | 2,412,000 | 6,971,000 | 6,535,000 | 5,577,000 | 4,906,000 | 5,674,000 | 4,908,000 |
operating income | -23,442,000 | -46,050,000 | -59,009,000 | -55,030,000 | -42,940,000 | -45,811,000 | -44,215,000 | -48,455,000 | -33,151,000 | -29,746,000 | -29,093,000 | -31,728,000 | -26,945,000 | -25,883,000 | -26,316,000 | -26,811,000 | -26,683,000 | -23,603,000 | -19,516,000 | -18,042,000 | -12,657,000 | -12,781,000 | -14,443,000 | -8,957,000 | -12,724,000 | -9,289,000 | -9,564,000 | -11,260,000 | -6,660,000 | -4,893,000 | -7,009,000 | -2,969,000 | -4,346,000 | -5,937,000 | -5,453,000 | -5,086,000 | -8,117,000 | |||||||
yoy | -45.41% | 0.52% | 33.46% | 13.57% | 29.53% | 54.01% | 51.98% | 52.72% | 23.03% | 14.92% | 10.55% | 18.34% | 0.98% | 9.66% | 34.84% | 48.60% | 110.82% | 84.67% | 35.12% | 101.43% | -0.53% | 37.59% | 51.01% | -20.45% | 91.05% | 89.84% | 36.45% | 279.25% | 53.24% | -17.58% | 28.53% | -41.62% | -46.46% | |||||||||||
qoq | -49.09% | -21.96% | 7.23% | 28.16% | -6.27% | 3.61% | -8.75% | 46.16% | 11.45% | 2.24% | -8.30% | 17.75% | 4.10% | -1.65% | -1.85% | 0.48% | 13.05% | 20.94% | 8.17% | 42.55% | -0.97% | -11.51% | 61.25% | -29.61% | 36.98% | -2.88% | -15.06% | 69.07% | 36.11% | -30.19% | 136.07% | -31.68% | -26.80% | 8.88% | 7.22% | -37.34% | ||||||||
operating margin % | -57.37% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
other income: | ||||||||||||||||||||||||||||||||||||||||||||
interest income | 2,548,000 | 1,875,000 | 1,849,000 | 1,992,000 | 1,394,000 | 1,357,000 | 1,692,000 | 1,513,000 | 684,000 | 776,000 | 923,000 | 808,000 | 732,000 | 449,000 | 242,000 | 268,000 | 258,000 | 290,000 | 274,000 | 314,000 | 137,000 | 193,000 | 259,000 | 363,000 | 372,000 | 505,000 | 590,000 | 381,000 | 723,000 | 204,000 | 89,000 | 65,000 | 14,000 | 1,000 | 2,000 | 5,000 | 7,000 | 19,000 | 20,000 | 12,000 | 1,000 | 2,000 | 2,000 | |
interest expense | -5,586,000 | -4,757,000 | -3,522,000 | -406,000 | -88,000 | -88,000 | -95,000 | -169,000 | -836,000 | |||||||||||||||||||||||||||||||||||
foreign currency exchange gain | -52,000 | -884,000 | 1,925,000 | 2,882,000 | -983,000 | 67,000 | 514,000 | -139,000 | 1,120,000 | 456,000 | 327,000 | 597,000 | -317,000 | -517,000 | -1,008,000 | -198,000 | -280,000 | -51,000 | 132,000 | 301,000 | -24,000 | 438,000 | -612,000 | 138,000 | 560,000 | -453,000 | 20,750 | 248,000 | -231,000 | 67,000 | -459,000 | -1,887,000 | 83,000 | -32,000 | 377,750 | -195,000 | ||||||||
other income | 3,045,000 | 2,491,000 | 818,000 | 1,198,500 | 1,109,000 | 2,119,000 | 1,566,000 | 1,833,750 | 2,319,000 | 2,619,000 | 2,397,000 | 2,838,500 | 4,313,000 | 3,494,000 | 3,549,000 | 3,438,000 | 4,156,000 | 3,943,000 | 3,184,000 | 2,640,000 | 2,171,000 | 2,186,000 | 2,932,000 | 2,498,000 | 2,923,000 | 2,321,000 | 2,089,000 | 2,511,000 | 1,733,000 | 1,616,000 | 1,823,000 | 1,985,000 | 985,000 | 867,000 | 555,000 | 1,019,000 | 661,000 | 1,000 | -3,000 | -3,000 | 1,000 | -1,000 | 553,000 | |
total other income | -45,000 | -1,275,000 | 1,070,000 | 1,949,000 | -1,322,000 | 3,543,000 | 3,772,000 | 3,806,000 | 4,123,000 | 2,096,000 | 3,776,000 | 5,423,000 | 5,642,000 | 3,626,000 | 3,274,000 | 2,698,000 | 4,216,000 | 3,953,000 | 3,407,000 | 3,086,000 | 2,609,000 | 2,355,000 | 3,629,000 | 2,249,000 | 3,433,000 | 3,386,000 | 2,226,000 | 2,858,000 | 2,704,000 | 1,589,000 | 1,979,000 | 2,312,000 | -888,000 | 951,000 | 525,000 | 884,000 | 473,000 | -3,345,000 | -283,000 | |||||
loss before income tax expense | -23,487,000 | -47,325,000 | ||||||||||||||||||||||||||||||||||||||||||
income tax expense | 2,157,000 | 2,157,000 | ||||||||||||||||||||||||||||||||||||||||||
net income | -23,487,000 | -49,482,000 | -60,096,000 | -52,226,000 | -48,509,000 | -42,268,000 | -40,443,000 | -44,649,000 | -29,028,000 | -27,650,000 | -25,317,000 | -26,305,000 | -21,303,000 | -22,257,000 | -23,042,000 | -24,113,000 | -22,467,000 | -19,650,000 | -16,109,000 | -14,956,000 | -10,048,000 | -10,426,000 | -10,814,000 | -6,584,000 | -9,291,000 | -5,903,000 | -7,338,000 | -8,526,000 | -3,956,000 | -3,304,000 | -5,030,000 | -657,000 | -5,234,000 | -4,986,000 | -4,928,000 | -4,202,000 | -7,644,000 | |||||||
yoy | -51.58% | 17.07% | 48.59% | 16.97% | 67.11% | 52.87% | 59.75% | 69.74% | 36.26% | 24.23% | 9.87% | 9.09% | -5.18% | 13.27% | 43.04% | 61.23% | 123.60% | 88.47% | 48.96% | 127.16% | 8.15% | 76.62% | 47.37% | -22.78% | 134.86% | 78.66% | 45.88% | 1197.72% | -24.42% | -33.73% | 2.07% | -84.36% | -31.53% | |||||||||||
qoq | -52.53% | -17.66% | 15.07% | 7.66% | 14.77% | 4.51% | -9.42% | 53.81% | 4.98% | 9.22% | -3.76% | 23.48% | -4.29% | -3.41% | -4.44% | 7.33% | 14.34% | 21.98% | 7.71% | 48.85% | -3.63% | -3.59% | 64.25% | -29.14% | 57.39% | -19.56% | -13.93% | 115.52% | 19.73% | -34.31% | 665.60% | -87.45% | 4.97% | 1.18% | 17.28% | -45.03% | ||||||||
net income margin % | -57.48% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
other comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation gain | 280,000 | 911,000 | 97,500 | 352,000 | 166,000 | -128,000 | -93,250 | -46,000 | 91,000 | -31,000 | 1,128,000 | -1,297,000 | -403,000 | |||||||||||||||||||||||||||||||
unrealized holding gain on marketable securities | -278,000 | 187,000 | 18,000 | 276,000 | 367,000 | 651,000 | 1,064,000 | 21,000 | 438,000 | 440,000 | 392,000 | 458,000 | 658,000 | 52,000 | 98,000 | -295,000 | -129,000 | -54,250 | -48,000 | -164,000 | -5,000 | |||||||||||||||||||||||
reclassification adjustment for realized holding loss on marketable securities included in net loss | 11,000 | |||||||||||||||||||||||||||||||||||||||||||
total other comprehensive income | 13,000 | 327,000 | -1,173,000 | |||||||||||||||||||||||||||||||||||||||||
comprehensive loss | -23,474,000 | -49,155,000 | -61,269,000 | -55,232,000 | -48,016,000 | -42,100,000 | -39,824,000 | -44,844,000 | -28,857,000 | -28,224,000 | -23,433,000 | -23,331,000 | -25,635,000 | -23,086,000 | -19,881,000 | -16,166,000 | -15,121,000 | -9,359,000 | -10,763,000 | -10,551,000 | -7,084,000 | -9,209,000 | -5,380,000 | -7,399,000 | -8,351,000 | -3,821,000 | -3,111,000 | -6,350,000 | -1,630,000 | -2,800,000 | -5,029,000 | -3,938,000 | -7,478,000 | |||||||||||
weighted-average shares outstanding-basic and diluted | 54,583,424,000 | 53,883,681,000 | ||||||||||||||||||||||||||||||||||||||||||
net income per share | -1.12 | -0.99 | -0.92 | -0.91 | -0.87 | -1.07 | -0.84 | -0.8 | -0.74 | -0.75 | -0.75 | -0.9 | -0.94 | -0.98 | -0.92 | -0.8 | -0.66 | -0.67 | -0.56 | -0.58 | -0.61 | -0.37 | -0.52 | -0.33 | -0.42 | -0.53 | -0.23 | -0.22 | -0.47 | -0.04 | -0.49 | -0.5 | -0.51 | 1.03 | -1.03 | -0.09 | -0.28 | -0.25 | -0.18 | -0.19 | -0.37 | -7.38 | ||
basic and diluted | -0.43 | -0.92 | ||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized holding gain on marketable securities included in net loss | -771,000 | |||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -57,939,000 | |||||||||||||||||||||||||||||||||||||||||||
foreign currency translation loss | -604,000 | -419,000 | ||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized gain on marketable securities included in net loss | -587,000 | |||||||||||||||||||||||||||||||||||||||||||
net income per share | -1.12 | -0.99 | -0.92 | -0.91 | -0.87 | -1.07 | -0.84 | -0.8 | -0.74 | -0.75 | -0.75 | -0.9 | -0.94 | -0.98 | -0.92 | -0.8 | -0.66 | -0.67 | -0.56 | -0.58 | -0.61 | -0.37 | -0.52 | -0.33 | -0.42 | -0.53 | -0.23 | -0.22 | -0.47 | -0.04 | -0.49 | -0.5 | -0.51 | 1.03 | -1.03 | -0.09 | -0.28 | -0.25 | -0.18 | -0.19 | -0.37 | -7.38 | ||
weighted-average common shares outstanding, basic and diluted | 53,497,128 | 49,652,878 | 52,638,888 | 46,695,220 | 46,232,977 | 36,786,575 | 34,723,379 | 34,565,955 | 34,414,226 | 27,890,846 | 28,278,453 | 24,595,039 | 24,557,615 | 24,473,092 | 24,479,660 | 24,439,623 | 24,429,919 | 19,094,440 | 17,961,802 | 17,907,393 | 17,848,583 | 17,748,666 | 17,838,872 | 17,823,302 | 17,488,997 | 15,080,863 | 17,231,449 | 15,108,272 | 10,799,895 | 10,321,780 | 10,788,556 | 10,003,963 | 9,713,042 | 4,646,764 | 7,657,874 | 26,343,108 | 26,334,622 | 26,332,494 | 19,082,604 | 26,322,494 | 24,303,819 | 701,980 | ||
general and administrative | 39,139,000 | 30,346,000 | 29,201,000 | 17,601,000 | 23,207,000 | 10,628,000 | 10,657,000 | 9,786,000 | 7,777,000 | 6,882,000 | 7,806,000 | 8,130,000 | 7,598,000 | 6,945,000 | 6,057,000 | 5,847,000 | 6,165,000 | 3,560,000 | 3,633,000 | 3,278,000 | 3,296,000 | 3,068,000 | 3,420,000 | 3,247,000 | 1,969,750 | 2,900,000 | 2,609,000 | 2,371,000 | 1,726,250 | 2,129,000 | 2,703,000 | 2,073,000 | 2,243,250 | 5,026,000 | 2,080,000 | 2,604,000 | 1,543,000 | 1,317,000 | 1,373,000 | 1,170,000 | 1,006,000 | |||
interest expense related to the sale of future royalties | -710,500 | -2,842,000 | ||||||||||||||||||||||||||||||||||||||||||
net loss before income taxes | -31,742,750 | -44,262,000 | ||||||||||||||||||||||||||||||||||||||||||
provision for income taxes | 1,061,750 | 4,247,000 | ||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized (gain) on marketable securities included in net loss | -298,000 | -226,000 | -649,000 | -48,000 | -76,000 | -46,000 | -70,000 | |||||||||||||||||||||||||||||||||||||
other comprehensive income | 320,000 | 493,000 | 168,000 | 619,000 | 169,000 | 79,750 | 1,785,000 | -226,750 | -619,000 | -231,000 | -57,000 | 153,750 | 689,000 | -337,000 | 263,000 | 136,000 | 82,000 | 523,000 | -248,000 | 135,000 | ||||||||||||||||||||||||
revenue | 3,824,000 | 1,577,000 | 3,920,000 | 3,369,000 | 2,926,000 | 3,890,000 | 5,592,000 | 3,718,000 | 4,840,000 | 2,331,000 | 1,127,000 | |||||||||||||||||||||||||||||||||
reclassification adjustment for realized loss on marketable securities included in net loss | -317,000 | -282,500 | -221,000 | -595,000 | -314,000 | 21,000 | -1,000 | 69,000 | 16,000 | 74,000 | 176,000 | 97,000 | 23,000 | |||||||||||||||||||||||||||||||
other comprehensive gain | -58,250 | 171,000 | ||||||||||||||||||||||||||||||||||||||||||
foreign currency exchange loss | -1,299,000 | |||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss | -574,000 | -1,176,000 | -289,000 | -61,000 | ||||||||||||||||||||||||||||||||||||||||
comprehensive | -25,148,000 | |||||||||||||||||||||||||||||||||||||||||||
comprehensive income | -16,570,750 | -19,518,000 | -4,812,000 | |||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustments | -107,500 | -445,000 | -33,000 | 49,000 | 52,000 | 813,000 | -127,000 | 338,000 | -489,000 | 142,000 | 495,000 | -89,000 | -33,000 | -97,000 | 193,000 | -1,320,000 | -973,000 | 2,434,000 | -43,000 | 116,000 | ||||||||||||||||||||||||
unrealized holding loss on marketable securities | -193,250 | -350,000 | ||||||||||||||||||||||||||||||||||||||||||
unrealized holding gains on available-for-sale securities | 60,000 | 40,000 | 28,000 | 28,000 | 208,000 | 232,000 | ||||||||||||||||||||||||||||||||||||||
reclassification adjustment for realized (gain) on available-for-sale securities included in net loss | -57,250 | -100,000 | ||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss: | ||||||||||||||||||||||||||||||||||||||||||||
grant income | 96,000 | 114,000 | 248,000 | |||||||||||||||||||||||||||||||||||||||||
currency translation adjustments | -708,000 | 166,000 | ||||||||||||||||||||||||||||||||||||||||||
license revenue | 7,000 | 7,000 | 7,000 | 8,000 | 7,000 | 7,000 | 7,000 | |||||||||||||||||||||||||||||||||||||
restructuring and lease termination charges | 3,420,000 | |||||||||||||||||||||||||||||||||||||||||||
impairment of long-lived assets | 1,460,000 | |||||||||||||||||||||||||||||||||||||||||||
income from operations | -2,405,000 | -6,964,000 | -6,528,000 | -5,569,000 | -4,899,000 | -5,667,000 | -4,901,000 | |||||||||||||||||||||||||||||||||||||
loss on extinguishment of convertible promissory notes | -3,177,000 | |||||||||||||||||||||||||||||||||||||||||||
net loss and comprehensive loss | -2,385,000 | -7,350,000 | -6,607,000 | -5,659,000 | -4,991,000 | -9,012,000 | -5,184,000 | |||||||||||||||||||||||||||||||||||||
revised from a net loss of 1.12 per share to common stockholders, basic and diluted, and 17,203,279 weighted-average common shares outstanding, basic and diluted, as previously reported for the nine months ended september 30, 2015. | ||||||||||||||||||||||||||||||||||||||||||||
revised from a net loss per share to common stockholders, basic and diluted, of 0.37 per share and 24,303,819 weighted-average common shares outstanding, basic and diluted, as previously reported for the three months ended june 30, 2015, and a net loss of 1.13 per share to common stockholders, basic and diluted, and 12,568,098 weighted-average common shares outstanding, basic and diluted, as previously reported for the six months ended june 30, 2015. | ||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -5,184,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2017-01-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 213,768,000 | 243,497,000 | 124,304,000 | 131,615,000 | 167,288,000 | 41,581,000 | 31,848,000 | 31,789,000 | 23,056,000 | 57,666,000 | 49,409,000 | 56,238,000 | 85,049,000 | 38,585,000 | 37,863,000 | 30,732,000 | 45,577,000 | 46,491,000 | 48,343,000 | 50,592,000 | 17,727,000 | 16,174,000 | 18,014,000 | 15,789,000 | 18,615,000 | 21,719,000 | 30,107,000 | 32,006,000 | 56,345,000 | 121,116,000 | 48,070,000 | 51,055,000 | 58,678,000 | 28,128,000 | 26,456,000 | 30,950,000 | 33,498,000 | 35,208,000 | 36,819,000 | 48,455,000 | 53,723,000 | 59,878,000 | 65,381,000 | 3,181,000 |
marketable securities | 71,262,000 | 65,661,000 | 67,161,000 | 89,002,000 | 85,915,000 | 94,195,000 | 142,424,000 | 178,612,000 | 52,530,000 | 45,506,000 | 73,848,000 | 93,137,000 | 86,636,000 | 83,688,000 | 104,212,000 | 135,470,000 | 149,212,000 | 163,322,000 | 182,288,000 | 198,337,000 | 32,584,000 | 39,700,000 | 46,317,000 | 51,925,000 | 61,955,000 | 71,742,000 | 70,259,000 | 68,805,000 | ||||||||||||||||
accounts receivable | 9,897,000 | 5,779,000 | 1,926,000 | |||||||||||||||||||||||||||||||||||||||||
inventory | 4,002,000 | 458,000 | ||||||||||||||||||||||||||||||||||||||||||
research and development tax credit receivable | 7,430,000 | 1,343,000 | 561,000 | 1,383,000 | 7,485,000 | 11,082,000 | 9,908,000 | 8,439,000 | 23,011,000 | 19,976,000 | 19,057,000 | 16,568,000 | 11,892,000 | 20,029,000 | 17,248,000 | 14,098,000 | 11,287,000 | 17,399,000 | 13,613,000 | 10,418,000 | 7,589,000 | 14,685,000 | 12,638,000 | 16,527,000 | 14,803,000 | 11,814,000 | 12,625,000 | 11,315,000 | 8,970,000 | 7,032,000 | 5,604,000 | 6,834,000 | 4,989,000 | 3,718,000 | 2,822,000 | 2,250,000 | 2,840,000 | |||||||
prepaid expenses and other current assets | 7,846,000 | 8,488,000 | 11,944,000 | 19,690,000 | 6,671,000 | 5,409,000 | 7,454,000 | 6,850,000 | 5,506,000 | 5,458,000 | 7,528,000 | 6,383,000 | 8,556,000 | 8,914,000 | 11,084,000 | 13,347,000 | 8,388,000 | 7,266,000 | 5,538,000 | 4,917,000 | 4,604,000 | 1,517,000 | 3,256,000 | 4,455,000 | 3,632,000 | 2,617,000 | 2,728,000 | 3,420,000 | 3,946,000 | 1,922,000 | 1,511,000 | 1,491,000 | 2,003,000 | 1,400,000 | 841,000 | 751,000 | 1,217,000 | 605,000 | 1,138,000 | 1,010,000 | 1,222,000 | 1,571,000 | 1,614,000 | 1,127,000 |
total current assets | 314,205,000 | 325,226,000 | 205,896,000 | 241,690,000 | 267,359,000 | 152,267,000 | 191,634,000 | 225,690,000 | 104,103,000 | 128,606,000 | 149,842,000 | 172,326,000 | 192,133,000 | 151,216,000 | 170,407,000 | 193,647,000 | 214,464,000 | 234,478,000 | 249,782,000 | 264,264,000 | 62,504,000 | 72,076,000 | 80,225,000 | 88,696,000 | 99,005,000 | 107,892,000 | 115,719,000 | 115,546,000 | 124,063,000 | 130,070,000 | 55,185,000 | 59,380,000 | 65,710,000 | 34,139,000 | 30,192,000 | 34,248,000 | 37,953,000 | 35,813,000 | 37,957,000 | 49,465,000 | 54,945,000 | 61,449,000 | 66,995,000 | 4,308,000 |
property and equipment | 2,841,000 | 3,190,000 | 2,067,000 | 1,988,000 | 1,807,000 | 2,039,000 | 2,100,000 | 2,227,000 | 2,423,000 | 2,502,000 | 2,813,000 | 2,948,000 | 3,037,000 | 3,060,000 | 3,030,000 | 2,178,000 | 2,215,000 | 2,180,000 | 1,944,000 | 1,791,000 | 1,868,000 | 1,889,000 | 2,019,000 | 2,043,000 | 2,260,000 | 2,365,000 | 2,255,000 | 2,413,000 | 2,289,000 | 2,316,000 | 2,260,000 | 1,836,000 | 774,000 | 602,000 | 592,000 | 97,000 | 97,000 | 160,000 | 805,000 | 362,000 | 374,000 | 329,000 | ||
right of use assets | 9,421,000 | 9,096,000 | 5,165,000 | 5,544,000 | 5,440,000 | 5,863,000 | 5,859,000 | 6,920,000 | 7,045,000 | 7,298,000 | 7,571,000 | 7,822,000 | 8,101,000 | 8,365,000 | 8,664,000 | 7,862,000 | 8,180,000 | 6,959,000 | 7,207,000 | 5,758,000 | 1,653,000 | 1,305,000 | 1,480,000 | 1,612,000 | 1,497,000 | 1,634,000 | 1,737,000 | |||||||||||||||||
other assets | 2,450,000 | 2,419,000 | 2,377,000 | 1,548,000 | 1,387,000 | 662,000 | 605,000 | 567,000 | 397,000 | 337,000 | 106,000 | 106,000 | 197,000 | 197,000 | 218,000 | 193,000 | 193,000 | 193,000 | 200,000 | 200,000 | 181,000 | 178,000 | 178,000 | 178,000 | 173,000 | 173,000 | 173,000 | 173,000 | 173,000 | 173,000 | 173,000 | 173,000 | 173,000 | 991,000 | 218,000 | 179,000 | 179,000 | |||||||
total assets | 328,917,000 | 339,931,000 | 215,505,000 | 250,770,000 | 275,993,000 | 160,831,000 | 200,198,000 | 235,404,000 | 113,968,000 | 138,743,000 | 160,332,000 | 183,202,000 | 203,468,000 | 162,838,000 | 182,319,000 | 203,880,000 | 225,052,000 | 243,810,000 | 259,133,000 | 272,013,000 | 66,206,000 | 75,448,000 | 83,902,000 | 92,529,000 | 102,935,000 | 112,064,000 | 119,884,000 | 118,132,000 | 126,525,000 | 132,559,000 | 57,618,000 | 61,389,000 | 66,657,000 | 34,741,000 | 30,784,000 | 34,345,000 | 38,050,000 | 35,863,000 | 38,007,000 | 49,675,000 | 56,791,000 | 62,079,000 | 67,598,000 | 7,712,000 |
liabilities and stockholders’ deficit | ||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 8,045,000 | 8,074,000 | 5,869,000 | 4,883,000 | 5,856,000 | 5,198,000 | 10,792,000 | 9,107,000 | 3,101,000 | 4,896,000 | 5,060,000 | 4,817,000 | 1,698,000 | 3,384,000 | 2,908,000 | 3,638,000 | 2,185,000 | 3,159,000 | 1,448,000 | 1,981,000 | 641,000 | 2,173,000 | 1,774,000 | 1,677,000 | 2,951,000 | 2,238,000 | 3,103,000 | 2,860,000 | 2,998,000 | 3,018,000 | 2,345,000 | 1,433,000 | 1,575,000 | 1,040,000 | 1,943,000 | 1,153,000 | 755,000 | 431,000 | 187,000 | 793,000 | 1,460,000 | 1,527,000 | 1,992,000 | 2,545,000 |
accrued expenses and other current liabilities | 34,022,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred revenue - current portion | 833,000 | 1,343,000 | 2,601,000 | 6,023,000 | 9,545,000 | 12,311,000 | 14,769,000 | 17,207,000 | 18,475,000 | 19,996,000 | ||||||||||||||||||||||||||||||||||
lease liability - current portion | 1,691,000 | 1,429,000 | 2,122,000 | 1,977,000 | 1,444,000 | 1,537,000 | 1,264,000 | 1,302,000 | 1,187,000 | 1,148,000 | 1,122,000 | 1,087,000 | 1,057,000 | 1,026,000 | 997,000 | 977,000 | 1,014,000 | 930,000 | 905,000 | 863,000 | 592,000 | 422,000 | 513,000 | 588,000 | 592,000 | 602,000 | 580,000 | |||||||||||||||||
royalty obligation - current portion | 16,226,000 | 3,287,000 | ||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 60,817,000 | 45,069,000 | 38,375,000 | 45,167,000 | 25,615,000 | 22,164,000 | 22,411,000 | 22,807,000 | 19,128,000 | 17,751,000 | 14,132,000 | 15,032,000 | 11,606,000 | 11,320,000 | 9,733,000 | 11,576,000 | 9,649,000 | 10,114,000 | 8,229,000 | 9,774,000 | 6,518,000 | 9,536,000 | 8,457,000 | 7,720,000 | 9,762,000 | 10,470,000 | 13,967,000 | 18,052,000 | 18,826,000 | 20,938,000 | 22,903,000 | 23,216,000 | 24,083,000 | 3,513,000 | 3,837,000 | 3,018,000 | 3,201,000 | 1,891,000 | 1,929,000 | 3,854,000 | 4,271,000 | 3,793,000 | 4,167,000 | 11,005,000 |
deferred revenue - net of current portion | 21,357,000 | 2,500,000 | 2,754,000 | 2,873,000 | 3,342,000 | 3,666,000 | 4,670,000 | 8,465,000 | 10,862,000 | 13,889,000 | ||||||||||||||||||||||||||||||||||
lease liability - net of current portion | 10,411,000 | 9,128,000 | 4,019,000 | 4,330,000 | 4,338,000 | 4,675,000 | 4,988,000 | 6,015,000 | 6,257,000 | 6,546,000 | 6,865,000 | 7,145,000 | 7,421,000 | 7,705,000 | 8,014,000 | 7,211,000 | 7,467,000 | 6,224,000 | 6,474,000 | 5,046,000 | 1,123,000 | 932,000 | 1,010,000 | 1,057,000 | 926,000 | 1,053,000 | 1,177,000 | |||||||||||||||||
royalty obligation - net of current portion | 116,583,000 | 129,707,000 | ||||||||||||||||||||||||||||||||||||||||||
convertible notes | 139,401,000 | 139,028,000 | ||||||||||||||||||||||||||||||||||||||||||
total liabilities | 348,569,000 | 322,932,000 | 1,926,000 | 1,971,000 | 6,604,000 | 7,481,000 | 7,458,000 | 8,274,000 | 17,125,000 | |||||||||||||||||||||||||||||||||||
stockholders’ deficit: | ||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.001 par value... | 51,000 | 50,000 | 27,000 | 27,000 | 27,000 | 27,000 | 27,000 | 27,000 | 1,000 | |||||||||||||||||||||||||||||||||||
additional paid-in capital | 773,594,000 | 762,776,000 | 760,393,000 | 753,725,000 | 748,231,000 | 689,087,000 | 685,794,000 | 679,754,000 | 516,920,000 | 513,926,000 | 510,591,000 | 507,133,000 | 504,725,000 | 444,588,000 | 441,914,000 | 439,104,000 | 436,313,000 | 432,763,000 | 429,840,000 | 426,437,000 | 212,694,000 | 209,750,000 | 208,442,000 | 207,208,000 | 206,119,000 | 204,950,000 | 203,650,000 | 191,123,000 | 190,067,000 | 189,164,000 | 105,358,000 | 100,011,000 | 99,696,000 | 99,408,000 | 90,036,000 | 89,815,000 | 89,399,000 | 122,873,000 | 122,586,000 | 122,272,000 | 121,904,000 | 121,556,000 | 121,268,000 | 3,989,000 |
accumulated deficit | -786,181,000 | -739,098,000 | -713,266,000 | -653,170,000 | -600,946,000 | -552,437,000 | -510,169,000 | -469,726,000 | -425,077,000 | -396,049,000 | -368,399,000 | -343,082,000 | -316,777,000 | -295,474,000 | -273,217,000 | -250,175,000 | -226,062,000 | -203,595,000 | -183,945,000 | -167,836,000 | -152,880,000 | -142,832,000 | -132,406,000 | -121,592,000 | -115,008,000 | -105,717,000 | -99,814,000 | -92,476,000 | -83,950,000 | -79,994,000 | -76,690,000 | -71,660,000 | -71,003,000 | -65,769,000 | -60,784,000 | -55,855,000 | -51,653,000 | -88,963,000 | -86,577,000 | -79,228,000 | -72,621,000 | -66,962,000 | -61,971,000 | -52,959,000 |
accumulated other comprehensive loss | -7,116,000 | -6,729,000 | -6,387,000 | -5,214,000 | -2,208,000 | -2,701,000 | -2,869,000 | -3,488,000 | -3,294,000 | -3,465,000 | -2,891,000 | -3,060,000 | -3,541,000 | -5,326,000 | -4,150,000 | -3,861,000 | -2,339,000 | -1,720,000 | -1,489,000 | -1,432,000 | -1,267,000 | -1,956,000 | -1,619,000 | -1,882,000 | -1,382,000 | -1,464,000 | -1,987,000 | -1,926,000 | -2,101,000 | -2,236,000 | -2,429,000 | -1,109,000 | -136,000 | -2,571,000 | -2,528,000 | -2,643,000 | -2,907,000 | |||||||
total stockholders’ deficit | -19,652,000 | -48,969,000 | ||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ deficit | 328,917,000 | |||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | 20,767,000 | 18,971,000 | 27,307,000 | 18,315,000 | 15,429,000 | 10,355,000 | 12,398,000 | 14,840,000 | 11,707,000 | 7,950,000 | 9,128,000 | 8,851,000 | 6,910,000 | 5,828,000 | 6,961,000 | 6,450,000 | 6,025,000 | 5,876,000 | 6,930,000 | 5,285,000 | 6,941,000 | 6,170,000 | 5,455,000 | 4,876,000 | 5,029,000 | 4,261,000 | 5,593,000 | 3,408,000 | 2,994,000 | 3,137,000 | 3,087,000 | 2,290,000 | 2,253,000 | 1,692,000 | 1,865,000 | 2,446,000 | 1,431,000 | 1,713,000 | 1,082,000 | 1,327,000 | 1,272,000 | 1,666,000 | 1,832,000 | |
deferred revenue | 11,512,000 | 11,413,000 | 11,000,000 | |||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 16,999,000 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 339,931,000 | |||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||
long-term liabilities: | ||||||||||||||||||||||||||||||||||||||||||||
royalty obligation | 132,321,000 | |||||||||||||||||||||||||||||||||||||||||||
total long-term liabilities | 136,340,000 | 110,212,000 | 105,252,000 | 4,675,000 | 4,988,000 | 6,015,000 | 6,257,000 | 6,546,000 | 6,865,000 | 7,145,000 | 7,421,000 | 7,705,000 | 8,014,000 | 7,211,000 | 7,467,000 | 6,224,000 | 6,474,000 | 5,046,000 | 1,123,000 | 932,000 | 1,010,000 | 1,057,000 | 3,426,000 | 3,807,000 | 4,050,000 | 3,342,000 | 3,666,000 | 4,670,000 | 8,465,000 | 10,920,000 | 14,006,000 | 149,000 | 213,000 | |||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 50,339,823 at july 31, 2025 and 49,762,048 at april 30, 2025 | 50,000 | |||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 40,790,000 | 95,391,000 | 145,126,000 | 133,992,000 | 172,799,000 | 206,582,000 | 88,583,000 | 114,446,000 | 139,335,000 | 161,025,000 | 184,441,000 | 143,813,000 | 164,572,000 | 185,093,000 | 207,936,000 | 227,472,000 | 244,430,000 | 257,193,000 | 58,565,000 | 64,980,000 | 74,435,000 | 83,752,000 | 89,747,000 | 97,787,000 | 101,867,000 | 96,738,000 | 104,033,000 | 106,951,000 | 26,250,000 | 27,253,000 | 28,568,000 | 31,079,000 | 26,734,000 | 31,327,000 | 34,849,000 | 33,937,000 | 36,036,000 | 43,071,000 | 49,310,000 | 54,621,000 | 59,324,000 | |||
total liabilities and stockholders’ equity | 215,505,000 | 250,770,000 | 275,993,000 | 160,831,000 | 200,198,000 | 235,404,000 | 113,968,000 | 138,743,000 | 160,332,000 | 183,202,000 | 203,468,000 | 162,838,000 | 182,319,000 | 203,880,000 | 225,052,000 | 243,810,000 | 259,133,000 | 272,013,000 | 66,206,000 | 75,448,000 | 83,902,000 | 92,529,000 | 102,935,000 | 112,064,000 | 119,884,000 | 118,132,000 | 126,525,000 | 132,559,000 | 57,618,000 | 61,389,000 | 66,657,000 | 34,741,000 | 30,784,000 | 34,345,000 | 38,050,000 | 35,863,000 | 38,007,000 | 49,675,000 | ||||||
deferred royalty obligation | 105,882,000 | 100,914,000 | ||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 49,762,048 and 42,521,975 as of april 30, 2025 and 2024, respectively | 50,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 49,493,210 at january 31, 2025 and 42,521,975 at april 30, 2024 | 49,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 43,271,501 at october 31, 2024 and 42,521,975 at april 30, 2024 | 43,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 43,081,922 at july 31, 2024 and 42,521,975 at april 30, 2024 | 43,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 42,521,975 and 34,171,138 as of april 30, 2024 and 2023, respectively | 42,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 34,595,623 at january 31, 2024 and 34,171,138 at april 30, 2023 | 34,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 34,421,458 at october 31, 2023 and 34,171,138 at april 30, 2023 | 34,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 34,266,595 at july 31, 2023 and 34,171,138 at april 30, 2023 | 34,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 34,171,138 and 24,550,748 as of april 30, 2023 and 2022, respectively | 34,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 34,127,762 at january 31, 2023 and 24,550,748 at april 30, 2022 | 34,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 24,602,023 at october 31, 2022 and 24,550,748 at april 30, 2022 | 25,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 24,570,872 at july 31, 2022 and 24,550,748 at april 30, 2022 | 25,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 24,550,748 and 24,422,531 at april 30, 2022 and 2021, respectively | 25,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 24,537,094 at january 31, 2022 and 24,422,531 at april 30, 2021 | 24,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 24,443,432 at october 31, 2021 and 24,422,531 at april 30, 2021 | 24,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 24,437,515 at july 31, 2021 and 24,422,531 at april 30, 2021 | 24,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 24,422,531 and 17,845,599 at april 30, 2021 and 2020, respectively | 24,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 18,021,224 at january 31, 2021 and 17,845,599 at april 30, 2020 | 18,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 17,915,515 at october 31, 2020 and 17,845,599 at april 30, 2020 | 18,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 17,880,414 at july 31, 2020 and 17,845,599 at april 30, 2020 | 18,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 17,845,599 at april 30, 2020 and 17,277,750 at april 30, 2019 | 18,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 17,845,599 at january 31, 2020 and 17,277,750 at april 30, 2019 | 18,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 17,834,126 at october 31, 2019 and 17,277,750 at april 30, 2019 | 18,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 17,815,493 at july 31, 2019 and 17,277,750 at april 30, 2019 | 18,000 | |||||||||||||||||||||||||||||||||||||||||||
capital lease liability - current portion | 54,000 | 109,000 | 157,000 | 214,000 | 221,000 | 222,000 | 220,000 | |||||||||||||||||||||||||||||||||||||
capital lease liability - net of current portion | 58,000 | 117,000 | 149,000 | |||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 17,277,750 at april 30, 2019 and 10,799,895 at april 30, 2018 | 17,000 | |||||||||||||||||||||||||||||||||||||||||||
investments | 54,802,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 17,247,306 at january 31, 2019 and 10,799,895 at april 30, 2018 | 17,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 17,225,167 at october 31, 2018 and 10,799,895 at april 30, 2018 | 17,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 10,799,895 at july 31, 2018 and at april 30, 2018 | 11,000 | |||||||||||||||||||||||||||||||||||||||||||
grants and other receivables | 40,000 | 893,000 | ||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 10,799,895 at april 30, 2018 and 9,713,042 at april 30, 2017 | 11,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock | ||||||||||||||||||||||||||||||||||||||||||||
shares authorized: 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 10,792,646 | 11,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 10,783,631 | 11,000 | |||||||||||||||||||||||||||||||||||||||||||
grants receivable | 73,000 | 297,000 | 398,000 | |||||||||||||||||||||||||||||||||||||||||
capital lease liability | 202,000 | |||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 9,713,042 | 10,000 | |||||||||||||||||||||||||||||||||||||||||||
due to related parties | ||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 0.0016 par value | ||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: none at april 30, 2017 and 8,422,898 at april 30, 2016 | ||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred stock, 0.0016 par value | ||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: none at april 30, 2017 and 15,900,000 at april 30, 2016 | ||||||||||||||||||||||||||||||||||||||||||||
total preferred stock | ||||||||||||||||||||||||||||||||||||||||||||
ordinary shares, 0.0016 par value | ||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: none at april 30, 2017 and 2,167,367 at april 30, 2016 | ||||||||||||||||||||||||||||||||||||||||||||
shares authorized: 100,000,000 at april 30, 2017 | ||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 9,713,042 at april 30, 2017 and none at april 30, 2016 | 10,000 | |||||||||||||||||||||||||||||||||||||||||||
redeemable convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: none at january 31, 2017 and 24,322,898 at april 30, 2016 | ||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: none at january 31, 2017 and 2,167,367 at april 30, 2016 | ||||||||||||||||||||||||||||||||||||||||||||
shares authorized: 100,000,000 at january 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 9,713,042 at january 31, 2017 and none at april 30, 2016 | 10,000 | |||||||||||||||||||||||||||||||||||||||||||
restricted cash | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |||||||||||||||||||||||||||||||||||||
loan payable | ||||||||||||||||||||||||||||||||||||||||||||
deferred licensing revenue | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | |||||||||||||||||||||||||||||||||||||
loans payable, net of current portion | 2,701,000 | 3,154,000 | 3,601,000 | 4,036,000 | 3,404,000 | |||||||||||||||||||||||||||||||||||||||
deferred licensing revenue, net of current portion | 35,000 | 42,000 | 49,000 | 56,000 | 64,000 | 71,000 | 78,000 | |||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value... | ||||||||||||||||||||||||||||||||||||||||||||
loans payable | 1,950,000 | 1,455,000 | 965,000 | 480,000 | 1,075,000 | |||||||||||||||||||||||||||||||||||||||
deferred public offering costs | 2,846,000 | |||||||||||||||||||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||
convertible promissory notes | 5,524,000 | |||||||||||||||||||||||||||||||||||||||||||
derivative liability | 2,287,000 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock warrant liability | 349,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred rent, net of current portion | 2,000 | |||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 0.001 par value... | 39,556,000 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders’ equity | 56,791,000 | 62,079,000 | 67,598,000 | |||||||||||||||||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ deficit | ||||||||||||||||||||||||||||||||||||||||||||
stockholders’ deficit | ||||||||||||||||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders’ deficit | 7,712,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||
net loss | -23,487,000 | -60,096,000 | -52,226,000 | -48,508,000 | -42,267,000 | -40,443,000 | -44,649,000 | -29,028,000 | -27,650,000 | -25,317,000 | -26,305,000 | -21,303,000 | -22,257,000 | -23,042,000 | -24,113,000 | -22,468,000 | -19,649,000 | -16,109,000 | -14,956,000 | -10,047,000 | -10,427,000 | -10,814,000 | -6,584,000 | -9,291,000 | -5,903,000 | -7,338,000 | -8,526,000 | -3,956,000 | -3,304,000 | -5,030,000 | -657,000 | -5,234,000 | -4,986,000 | -4,928,000 | -4,202,000 | -2,386,000 | -7,349,000 | -6,607,000 | -5,659,000 | -4,991,000 | -9,012,000 | -5,184,000 |
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 355,000 | 252,000 | 261,000 | 229,000 | 227,000 | 224,000 | 219,000 | 207,000 | 197,000 | 193,000 | 188,000 | 199,000 | 173,000 | 158,000 | 156,000 | 149,000 | 127,000 | 132,000 | 140,000 | 136,000 | 133,000 | 128,000 | 130,000 | 134,000 | 127,000 | 121,000 | 122,000 | 103,000 | 103,000 | 50,000 | 51,000 | 50,000 | 47,000 | 32,000 | 0 | 0 | 34,000 | 35,000 | 33,000 | 34,000 | 31,000 | |
stock-based compensation expense | 5,068,000 | 5,379,000 | 3,642,000 | 2,610,000 | 2,999,000 | 3,040,000 | 12,743,000 | 2,711,000 | 3,207,000 | 3,254,000 | 2,441,000 | 2,333,000 | 2,506,000 | 2,642,000 | 2,654,000 | 2,777,000 | 2,860,000 | 2,795,000 | 3,441,000 | 1,241,000 | 1,248,000 | 1,188,000 | 1,090,000 | 1,122,000 | 1,162,000 | 1,074,000 | 846,000 | 797,000 | 976,000 | 347,000 | ||||||||||||
realized loss from sale of marketable securities | 11,000 | -195,000 | -221,000 | -595,000 | -314,000 | 55,000 | -1,000 | 69,000 | 16,000 | 285,000 | 176,000 | 97,000 | 23,000 | |||||||||||||||||||||||||||||
non-cash operating lease expense | 158,000 | 218,000 | -45,000 | -5,000 | -1,000 | 2,000 | -19,000 | 6,000 | 32,000 | 10,000 | 19,000 | 23,000 | 26,000 | 107,000 | 24,000 | 22,000 | 89,000 | 8,000 | 9,000 | 8,000 | ||||||||||||||||||||||
accretion of discount on marketable securities | -100,000 | |||||||||||||||||||||||||||||||||||||||||
foreign currency exchange loss | 1,687,000 | 485,000 | -8,190,000 | 4,554,000 | 164,000 | -215,000 | 1,206,000 | -395,000 | -279,000 | -600,000 | -1,165,000 | 426,000 | 854,000 | 432,000 | 252,000 | 14,000 | -133,000 | -273,000 | 264,000 | -432,000 | ||||||||||||||||||||||
non-cash interest expense and amortization of issuance costs | 4,432,000 | 3,453,000 | 2,948,000 | |||||||||||||||||||||||||||||||||||||||
fair value adjustment to derivative liability | 1,605,000 | 1,100,000 | 1,600,000 | |||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||
research and development tax credit receivable | -1,355,000 | 826,000 | -1,068,000 | -1,253,000 | 14,391,000 | -2,106,000 | -2,025,000 | -2,084,000 | -4,365,000 | 9,186,000 | -3,567,000 | -3,570,000 | -3,724,000 | 5,775,000 | -4,041,000 | -3,211,000 | -2,678,000 | 7,813,000 | -2,140,000 | 4,462,000 | -2,376,000 | -2,828,000 | 1,483,000 | -2,060,000 | -2,474,000 | -1,717,000 | -1,611,000 | 919,000 | -1,873,000 | -986,000 | -867,000 | -530,000 | 703,000 | |||||||||
accounts receivable | -7,322,000 | -1,926,000 | ||||||||||||||||||||||||||||||||||||||||
inventory | -665,000 | |||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | -184,000 | 1,597,000 | -1,281,000 | -1,398,000 | 2,104,000 | -783,000 | -1,444,000 | 145,000 | 1,764,000 | -1,003,000 | 2,250,000 | 790,000 | 1,715,000 | 1,935,000 | -5,621,000 | -1,240,000 | ||||||||||||||||||||||||||
accounts payable | -149,000 | 2,510,000 | -1,392,000 | 779,000 | -5,860,000 | 1,502,000 | 6,098,000 | -1,941,000 | 55,000 | 108,000 | 3,018,000 | -1,830,000 | 597,000 | -678,000 | 1,459,000 | -935,000 | 1,691,000 | -528,000 | 1,332,000 | -1,628,000 | 411,000 | 35,000 | -1,137,000 | 691,000 | -950,000 | 392,000 | -214,000 | -340,000 | 962,000 | 1,126,000 | -331,000 | 687,000 | -910,000 | 771,000 | 358,000 | 244,000 | -1,001,000 | -272,000 | -148,000 | -290,000 | -218,000 | 1,011,000 |
accrued expenses and other liabilities | -5,220,000 | |||||||||||||||||||||||||||||||||||||||||
deferred revenue | 10,711,000 | 493,000 | -3,824,000 | -1,577,000 | -3,920,000 | -3,369,000 | -2,926,000 | -3,890,000 | -5,593,000 | -3,718,000 | -4,573,000 | |||||||||||||||||||||||||||||||
net cash from operating activities | -14,455,000 | -54,502,000 | -40,364,000 | -32,681,000 | -39,642,000 | -40,220,000 | -15,105,000 | -27,571,000 | -19,825,000 | -26,730,000 | -22,636,000 | -9,289,000 | -20,594,000 | -22,742,000 | -26,789,000 | -14,065,000 | -19,545,000 | -17,735,000 | -11,045,000 | -7,586,000 | -7,952,000 | -3,588,000 | -12,618,000 | -13,109,000 | -7,814,000 | -11,275,000 | -10,511,000 | -10,856,000 | -8,786,000 | -6,212,000 | -5,955,000 | 28,220,000 | -7,259,000 | -4,448,000 | -2,641,000 | -1,616,000 | -7,260,000 | -5,084,000 | -5,067,000 | -5,306,000 | -6,441,000 | -4,049,000 |
capital expenditures | -121,000 | -290,000 | -281,000 | -24,000 | -108,000 | -21,000 | -15,000 | -19,000 | -2,000 | -6,000 | -69,000 | -15,000 | -192,000 | -920,000 | -86,000 | -202,000 | -356,000 | -287,000 | -33,000 | -14,000 | -13,000 | -8,000 | 0 | -114,000 | -51,000 | -275,000 | -20,000 | -221,000 | -465,000 | -1,084,000 | -182,000 | -51,000 | -110,000 | 0 | 0 | -61,000 | -184,000 | -379,000 | -21,000 | -79,000 | -180,000 | |
free cash flows | -14,576,000 | -54,792,000 | -40,645,000 | -32,705,000 | -39,750,000 | -40,241,000 | -15,120,000 | -27,590,000 | -19,827,000 | -26,736,000 | -22,705,000 | -9,304,000 | -20,786,000 | -23,662,000 | -26,875,000 | -14,267,000 | -19,901,000 | -18,022,000 | -11,078,000 | -7,600,000 | -7,965,000 | -12,626,000 | -13,109,000 | -7,928,000 | -11,326,000 | -10,786,000 | -10,876,000 | -9,007,000 | -6,677,000 | -7,039,000 | 28,038,000 | -7,310,000 | -4,558,000 | -2,641,000 | -1,616,000 | -7,321,000 | -5,268,000 | -5,446,000 | -5,327,000 | -6,520,000 | -4,229,000 | |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||
purchases of marketable securities | -16,428,000 | -19,979,000 | -6,563,000 | -1,000 | -983,000 | -18,150,000 | -3,770,000 | -25,767,000 | -53,655,000 | 0 | -10,102,000 | -32,720,000 | -32,659,000 | -19,036,000 | -7,472,000 | -9,535,000 | -9,807,000 | |||||||||||||||||||||||||
sales and maturities of marketable securities | 15,730,000 | 41,677,000 | 15,207,000 | 48,876,000 | 38,230,000 | 11,558,000 | 32,531,000 | 45,386,000 | 51,153,000 | 20,290,000 | 41,066,000 | 45,824,000 | 50,658,000 | 34,204,000 | 14,431,000 | 15,919,000 | 15,342,000 | |||||||||||||||||||||||||
acquisition of property and equipment | -121,000 | -290,000 | -281,000 | -24,000 | -108,000 | -21,000 | -15,000 | -19,000 | -2,000 | -6,000 | -69,000 | -15,000 | -192,000 | -920,000 | -86,000 | -202,000 | -356,000 | -287,000 | -33,000 | -14,000 | -13,000 | -22,000 | -8,000 | 0 | -114,000 | -98,000 | -275,000 | -20,000 | -221,000 | -565,000 | -1,084,000 | -182,000 | -51,000 | -110,000 | ||||||||
capitalized website development costs | -82,000 | -147,000 | -234,000 | -103,000 | -94,000 | -64,000 | ||||||||||||||||||||||||||||||||||||
net cash from investing activities | -901,000 | 21,261,000 | -3,328,000 | 8,517,000 | 48,673,000 | 37,162,000 | -126,186,000 | -6,702,000 | 28,556,000 | 19,613,000 | -6,210,000 | -2,517,000 | 20,098,000 | 30,044,000 | 12,434,000 | 12,902,000 | 17,643,000 | 14,881,000 | -166,483,000 | 6,945,000 | 6,371,000 | 5,513,000 | 10,027,000 | 9,770,000 | -1,514,000 | -1,530,000 | -14,047,000 | -54,589,000 | -221,000 | -565,000 | -1,084,000 | -182,000 | -51,000 | -110,000 | -7,000 | 0 | 122,000 | -184,000 | -1,094,000 | -21,000 | -79,000 | -180,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||
issuance of common stock from equity incentive plans | 793,000 | 595,000 | 1,849,000 | 632,000 | 295,000 | 3,000,000 | 30,000 | 284,000 | 128,000 | 204,000 | -33,000 | 146,000 | 168,000 | 168,000 | 138,000 | 772,000 | 63,000 | 608,000 | 1,374,000 | 55,000 | 60,000 | 46,000 | 2,000 | 44,000 | 138,000 | 32,000 | ||||||||||||||||
issuance of common stock from employee stock purchase plan | 672,000 | 694,000 | ||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 1,465,000 | 23,210,000 | 4,659,000 | 151,773,000 | 295,000 | 3,000,000 | 150,098,000 | 284,000 | 128,000 | 204,000 | -33,000 | 57,813,000 | 168,000 | 168,000 | 138,000 | 772,000 | 63,000 | 608,000 | 210,308,000 | 1,703,000 | 60,000 | 46,000 | 1,000 | 45,000 | 138,000 | 11,400,000 | 155,000 | 56,000 | 82,784,000 | 4,948,000 | -13,000 | -52,000 | 0 | 5,000 | 6,000 | -176,000 | 68,720,000 | 3,513,000 | ||||
effect of exchange rate changes | -1,683,000 | |||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -15,574,000 | |||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of the period | 230,145,000 | |||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of the period | 214,571,000 | |||||||||||||||||||||||||||||||||||||||||
less: restricted cash in other assets | 803,000 | |||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 213,768,000 | 124,304,000 | ||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information | ||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 2,123,000 | 0 | 561,000 | 45,000 | 135,000 | 0 | 1,000 | 44,000 | ||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash activities | ||||||||||||||||||||||||||||||||||||||||||
property and equipment included in accounts payable and accrued expenses | ||||||||||||||||||||||||||||||||||||||||||
website development costs included in accrued expenses | 91,000 | |||||||||||||||||||||||||||||||||||||||||
realized gain from sale of marketable securities | -587,000 | 39,000 | -76,000 | -46,000 | -70,000 | |||||||||||||||||||||||||||||||||||||
non cash operating lease expense | ||||||||||||||||||||||||||||||||||||||||||
amortization of premium on marketable securities | -7,000 | 1,000 | 5,000 | 5,000 | 5,000 | 21,000 | 62,000 | 212,000 | 287,000 | 391,000 | 657,000 | 671,000 | 753,000 | 110,000 | 69,000 | 68,000 | ||||||||||||||||||||||||||
impairment of right of use assets | ||||||||||||||||||||||||||||||||||||||||||
disposal of property and equipment | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of convertible notes | ||||||||||||||||||||||||||||||||||||||||||
proceeds from the royalty agreement | 21,921,000 | |||||||||||||||||||||||||||||||||||||||||
issuance of common stock, net of issuance costs of 0.5 million | ||||||||||||||||||||||||||||||||||||||||||
issuance of pre-funded warrants | ||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -7,308,000 | |||||||||||||||||||||||||||||||||||||||||
lease liabilities arising from obtaining right of use assets | ||||||||||||||||||||||||||||||||||||||||||
accrued debt issuance costs | ||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||
accrued expenses | -8,199,000 | 8,115,000 | 3,053,000 | 5,037,000 | -1,776,000 | -2,435,000 | 2,870,000 | 4,014,000 | -1,240,000 | 231,000 | 1,715,000 | 1,029,000 | -1,043,000 | 751,000 | 505,000 | 217,000 | -1,001,000 | 1,522,000 | -1,874,000 | 797,000 | 538,000 | 718,000 | -202,000 | 553,000 | -1,117,000 | 2,248,000 | 351,000 | -91,000 | 157,000 | 800,000 | -33,000 | 550,000 | -185,000 | -371,000 | -282,000 | 632,000 | -246,000 | 37,000 | -394,000 | |||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 2,723,000 | 3,364,000 | -1,249,000 | 407,000 | 117,000 | -74,000 | -621,000 | -602,000 | 84,000 | 68,000 | 457,000 | 1,050,000 | -339,000 | -628,000 | -523,000 | -13,000 | -3,000 | 85,000 | 491,000 | -319,000 | 254,000 | -236,000 | 190,000 | 802,000 | -494,000 | 64,000 | 618,000 | -731,000 | -1,156,000 | |||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 132,272,000 | |||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 124,964,000 | |||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash activities: | ||||||||||||||||||||||||||||||||||||||||||
right of use assets obtained in exchange for operating lease liabilities | 725,000 | 458,000 | 0 | 0 | 0 | 0 | 1,192,000 | 0 | ||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash: | ||||||||||||||||||||||||||||||||||||||||||
restricted cash, long-term | 660,000 | |||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash | 124,964,000 | |||||||||||||||||||||||||||||||||||||||||
amortization of premium on available for sale securities | ||||||||||||||||||||||||||||||||||||||||||
other receivables | ||||||||||||||||||||||||||||||||||||||||||
purchases of available for sale securities | -4,683,000 | -2,553,000 | -22,915,000 | -19,646,000 | -24,470,000 | |||||||||||||||||||||||||||||||||||||
sales and maturities of available for sale securities | 14,718,000 | 12,323,000 | 21,515,000 | 18,214,000 | ||||||||||||||||||||||||||||||||||||||
issuance costs associated with the royalty agreement | ||||||||||||||||||||||||||||||||||||||||||
issuance of common stock, net of offering expenses | 0 | 208,934,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -35,669,000 | 126,360,000 | 9,733,000 | 59,000 | 8,733,000 | -34,610,000 | 8,257,000 | -6,829,000 | -28,811,000 | 46,464,000 | 722,000 | 7,131,000 | -14,845,000 | -914,000 | -1,852,000 | -2,249,000 | 32,865,000 | 1,553,000 | -1,840,000 | 2,225,000 | -2,826,000 | -3,104,000 | -24,339,000 | -64,771,000 | -7,623,000 | -2,548,000 | -1,611,000 | -6,155,000 | -5,503,000 | |||||||||||||
cash and cash equivalents and restricted cash at beginning of year | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash at end of year | ||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||
website development costs included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||
non-cash operating lease benefit | ||||||||||||||||||||||||||||||||||||||||||
research and development tax credit | ||||||||||||||||||||||||||||||||||||||||||
proceeds from royalty agreement | ||||||||||||||||||||||||||||||||||||||||||
issuance costs associated with royalty agreement | ||||||||||||||||||||||||||||||||||||||||||
realized (gain) from sale of marketable securities | -649,000 | -317,000 | ||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 31,789,000 | 0 | 0 | 56,238,000 | 0 | 0 | 30,732,000 | 0 | 0 | 50,592,000 | 0 | 0 | 15,789,000 | 0 | 0 | 32,006,000 | 0 | 0 | 51,055,000 | 0 | 0 | 30,950,000 | 0 | 0 | 53,723,000 | 0 | 0 | 3,897,000 | |||||||||||||
cash and cash equivalents at end of period | 9,733,000 | 31,848,000 | -34,610,000 | 8,257,000 | 49,409,000 | 46,464,000 | 722,000 | 37,863,000 | -914,000 | -1,852,000 | 48,343,000 | 1,553,000 | -1,840,000 | 18,014,000 | -3,104,000 | -8,388,000 | 30,107,000 | -64,771,000 | 73,046,000 | 48,070,000 | 30,550,000 | 1,672,000 | 26,456,000 | -1,611,000 | -11,636,000 | 48,455,000 | -5,503,000 | 62,200,000 | 3,181,000 | |||||||||||||
foreign currency exchange | -414,000 | |||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning year | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||
website development costs | -91,000 | |||||||||||||||||||||||||||||||||||||||||
issuance of common stock, net of offering expenses of 0.3 million | ||||||||||||||||||||||||||||||||||||||||||
issuance of pre-funded warrants, net of offering expenses | ||||||||||||||||||||||||||||||||||||||||||
property and equipment included in accounts payable and accrued expenses: | -12,000 | 144,000 | -20,000 | |||||||||||||||||||||||||||||||||||||||
finance lease principal payments | ||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | -625,000 | -257,000 | -2,996,000 | 1,730,000 | 1,301,000 | -925,000 | -972,000 | 224,000 | 561,000 | 496,000 | -1,958,000 | -448,000 | -69,000 | 460,000 | -570,000 | -551,000 | -85,000 | 608,000 | 533,000 | 327,000 | 85,000 | 349,000 | 43,000 | -487,000 | -437,000 | |||||||||||||||||
other assets | 0 | 0 | 0 | 59,000 | -58,000 | |||||||||||||||||||||||||||||||||||||
acquisition of property and equipment in accounts payable | 47,000 | 100,000 | ||||||||||||||||||||||||||||||||||||||||
grants and other receivables | 38,000 | 871,000 | ||||||||||||||||||||||||||||||||||||||||
capital leases | 0 | 0 | 0 | 513,000 | ||||||||||||||||||||||||||||||||||||||
realized (gain) from available for sale securities | ||||||||||||||||||||||||||||||||||||||||||
amortization of right of use assets | 145,000 | 135,000 | 138,000 | |||||||||||||||||||||||||||||||||||||||
amortization of discount/premium on available for sale securities | 57,000 | 44,000 | 35,000 | |||||||||||||||||||||||||||||||||||||||
foreign currency exchange gain | ||||||||||||||||||||||||||||||||||||||||||
lease obligations | -145,000 | -134,000 | -137,000 | |||||||||||||||||||||||||||||||||||||||
capital lease principal payments | 1,000 | 0 | -54,000 | -54,000 | -51,000 | -52,000 | -52,000 | -50,000 | -52,000 | |||||||||||||||||||||||||||||||||
realized loss from available for sale securities | -100,000 | -29,000 | ||||||||||||||||||||||||||||||||||||||||
foreign currency remeasurement loss | -535,000 | 454,000 | -60,000 | -246,000 | 220,000 | 6,000 | -151,000 | -531,000 | -1,000 | 32,000 | ||||||||||||||||||||||||||||||||
issuance of common stock, net of 123 of offering expenses | 0 | 11,422,000 | ||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -1,899,000 | -2,985,000 | 1,672,000 | -4,494,000 | -5,268,000 | -716,000 | ||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash financing activities | ||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of changes from business acquired: | ||||||||||||||||||||||||||||||||||||||||||
cash acquired in transaction | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of issuance costs of 4,390 in the year ended april 30, 2019 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock from exercise of stock options | ||||||||||||||||||||||||||||||||||||||||||
conversion of preferred stock and ordinary shares to common stock | ||||||||||||||||||||||||||||||||||||||||||
sales of available for sale securities | ||||||||||||||||||||||||||||||||||||||||||
issuance of common stock from stock option exercises | 107,000 | |||||||||||||||||||||||||||||||||||||||||
issuance of common stock | 5,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | 0 | -176,000 | 67,964,000 | 120,000 | |||||||||||||||||||||||||||||||||||||
proceeds from issuance of series b preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 285,000 | 273,000 | 221,000 | |||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash | 2,564,000 | -69,000 | 64,000 | 100,000 | ||||||||||||||||||||||||||||||||||||||
conversion of preferred stock to common stock | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
due to related parties | ||||||||||||||||||||||||||||||||||||||||||
grants receivable | 224,000 | -7,000 | ||||||||||||||||||||||||||||||||||||||||
depreciation expense | ||||||||||||||||||||||||||||||||||||||||||
share-based compensation expense | ||||||||||||||||||||||||||||||||||||||||||
foreign currency exchange rate gain | ||||||||||||||||||||||||||||||||||||||||||
cash acquired in carbylan transaction | ||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of series a preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||
cash paid for taxes | ||||||||||||||||||||||||||||||||||||||||||
foreign currency remeasurement gain | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of redeemable convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||
gain on sale of property and equipment | 0 | |||||||||||||||||||||||||||||||||||||||||
stock based compensation expense | 282,000 | 312,000 | 368,000 | 289,000 | 37,000 | 118,000 | ||||||||||||||||||||||||||||||||||||
change in fair value of preferred stock warrant liability and derivative liability | 0 | 0 | -2,000 | -518,000 | ||||||||||||||||||||||||||||||||||||||
non-cash interest expense | 0 | 23,000 | 35,000 | 37,000 | 35,000 | 73,000 | 84,000 | |||||||||||||||||||||||||||||||||||
amortization of loan and convertible promissory notes discount | 0 | 76,000 | 7,000 | 7,000 | 15,000 | 51,000 | 707,000 | |||||||||||||||||||||||||||||||||||
loss on extinguishment of loans payable | ||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of convertible promissory notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
impairment of long-lived assets | 0 | 0 | 1,460,000 | |||||||||||||||||||||||||||||||||||||||
deferred licensing revenue | -7,000 | -7,000 | -7,000 | -8,000 | -7,000 | -7,000 | -7,000 | |||||||||||||||||||||||||||||||||||
purchase of property and equipment | 0 | -61,000 | -184,000 | -379,000 | -21,000 | -79,000 | -180,000 | |||||||||||||||||||||||||||||||||||
sale of property and equipment | 0 | |||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock upon exercise of options | 5,000 | 6,000 | 0 | |||||||||||||||||||||||||||||||||||||||
proceeds from convertible promissory notes | 0 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||
repayment of loan payable | 0 | |||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information | ||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash investing activities | ||||||||||||||||||||||||||||||||||||||||||
transfer of long-term deposits to property and equipment | 0 | 0 | 824,000 | |||||||||||||||||||||||||||||||||||||||
conversion of preferred stock warrants to common stock warrants | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
derivative related to convertible promissory notes at issuance | ||||||||||||||||||||||||||||||||||||||||||
beneficial conversion feature for convertible promissory notes | ||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of loan payable | ||||||||||||||||||||||||||||||||||||||||||
increase accrual of deferred public offering costs | ||||||||||||||||||||||||||||||||||||||||||
deferred public offering costs | -607,000 | |||||||||||||||||||||||||||||||||||||||||
property and equipment additions in accounts payable and accrued expenses | 61,000 | |||||||||||||||||||||||||||||||||||||||||
accrual of deferred public offering costs | ||||||||||||||||||||||||||||||||||||||||||
stock based compensation | ||||||||||||||||||||||||||||||||||||||||||
deposit for leasehold improvements | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||
proceeds from loans payable | ||||||||||||||||||||||||||||||||||||||||||
repayment of loans payable | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||
issuance of preferred stock warrants | ||||||||||||||||||||||||||||||||||||||||||
increase of accrual for deferred public offering costs | ||||||||||||||||||||||||||||||||||||||||||
increase of derivative related to convertible promissory notes | ||||||||||||||||||||||||||||||||||||||||||
increase of beneficial conversion feature for convertible promissory notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
increase of derivative related to convertible promissory notes at issuance | 0 | |||||||||||||||||||||||||||||||||||||||||
accruals | 146,000 | |||||||||||||||||||||||||||||||||||||||||
derivative related to convertible promissory notes upon issuance | 1,196,000 | |||||||||||||||||||||||||||||||||||||||||
beneficial conversion feature of convertible promissory notes | 158,000 |
