7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 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 
      
    		                
      cash flows from operating activities:
    		                
      net income:
    		11,921,000 -16,319,000 -33,827,000 -42,962,000 -14,132,000 -14,687,000 -8,807,000 -16,743,000 -10,451,000 -15,647,000 -17,766,000 -24,837,000 -23,262,000 11,051,000 -22,068,000 -21,290,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                
      foreign exchange (gain)/loss
    		-1,097,000 -470,000   -1,206,000 1,012,000 -740,000 -932,000         
      amortization of debt issuance costs
    		692,000 654,000               
      accretion of ripsa
    		0 1,654,000 3,893,000              
      accretion of redemption premium on debt
    		  0 0 22,000 33,000 33,000 18,000 14,000 31,000 32,000 31,000 31,000 31,000 32,000 31,000 
      loss on extinguishment of debt
    		0 407,000 0 0             
      share-based compensation
    		34,814,000 37,477,000 13,738,000 7,654,000 4,569,000 5,079,000 5,074,000 4,290,000 4,504,000 2,816,000 3,053,000 3,748,000 4,187,000 4,938,000 7,450,000 8,850,000 
      depreciation
    		293,000 295,000 259,000 266,000  155,000 157,000 157,000         
      changes in operating assets and liabilities:
    		                
      accounts receivable
    		-20,699,000 -30,663,000 -24,592,000              
      prepaid expenses
    		-115,000 -3,744,000 391,000 -2,531,000 -285,000 -2,438,000 667,000 938,000 856,000 1,376,000 -3,485,000 2,791,000 2,635,000 3,145,000 -2,570,000 -2,709,000 
      tax incentive receivable
    		  -556,000 -1,611,000  310,000 1,933,000 -2,313,000  -2,652,000 -4,883,000 -1,578,000     
      inventory
    		-770,000 -5,531,000 -3,906,000              
      other current assets
    		9,408,000 -9,980,000 708,000 -867,000 3,037,000 -244,000 -3,378,000 1,362,000 -311,000 -871,000 319,000 -462,000 -1,396,000 1,653,000 -836,000 236,000 
      accounts payable
    		-5,643,000 -2,189,000 4,435,000 2,679,000 2,573,000 -1,670,000 -4,744,000 4,327,000 -5,104,000 -1,362,000 1,300,000 -1,980,000 10,035,000 -25,000 -507,000 363,000 
      accrued expenses
    		10,993,000 16,113,000 -1,921,000 3,125,000 -3,996,000 -70,000 -10,236,000 3,951,000 -9,226,000 -5,625,000 -274,000 6,621,000 -4,206,000 9,270,000 8,674,000 -2,349,000 
      royalties payable
    		-1,399,000 3,387,000 931,000              
      operating lease liabilities
    		-193,000 -228,000 -262,000 -208,000             
      income taxes
    		-9,214,000 -240,000 7,878,000 0 -83,000 -15,000           
      other current liabilities
    		-304,000 -2,184,000 2,018,000 -356,000 19,000 -28,000 -65,000 -886,000 1,319,000 -10,000 -48,000 -65,000 -79,000    
      net cash provided by/(used in) operating activities
    		                
      cash flows from investing activities:
    		                
      purchases of furniture and equipment
    		0 -535,000 -535,000 0     0 0   -1,000    
      net cash from investing activities
    		0 -535,000 -535,000 0     0 0       
      cash flows from financing activities:
    		                
      proceeds from term loans
    		0 122,500,000 0 0             
      proceeds from ripsa
    		  0 0             
      payment of debt issuance costs
    		  0 -4,612,000             
      repurchase of ripsa
    		0 -109,921,000               
      repayment of 2023 term loans
    		   0             
      payments of withholding taxes from share-based awards
    		0 -4,287,000 -4,263,000 -6,143,000     -2,341,000 -900,000 -689,000 -793,000 -901,000 -2,167,000   
      proceeds from exercise of share options
    		4,943,000 5,165,000 924,000 3,668,000 -3,000 48,000 77,000 1,827,000 1,001,000        
      net cash from financing activities
    		  94,157,000 -7,087,000 24,012,000      -689,000 -726,000     
      effect of exchange rate changes on cash and cash equivalents
    		1,097,000 297,000 -1,069,000 1,183,000 796,000 -682,000 499,000 685,000 1,250,000 -1,333,000 -1,019,000 -378,000 58,000 -485,000 41,000 163,000 
      net change in cash and cash equivalents
    		36,601,000 1,658,000 63,717,000 -68,559,000 14,406,000 -13,361,000 -20,688,000 63,588,000 -3,874,000 120,191,000 -21,254,000 -15,616,000 -18,167,000    
      cash and cash equivalents at beginning of the period
    		0 399,757,000  0  0 0 227,827,000  0 0 148,380,000  0 0 187,986,000 
      cash and cash equivalents at end of the period
    		36,601,000 401,415,000  -68,559,000  -13,361,000 -20,688,000 291,415,000  120,191,000 -21,254,000 132,764,000  20,512,000 -23,563,000 169,598,000 
      supplemental disclosure of cash flow information:
    		                
      income taxes paid
    		  393,000  30,000 0   30,000 89,000 0 1,000     
      interest paid
    		6,246,000 10,151,000 3,878,000 4,431,000 778,000 543,000 441,000 244,000 158,000 75,000 62,000 53,000 53,000 53,000 54,000 55,000 
      net cash from operating activities
    		 -11,561,000 -28,836,000 -62,655,000 -10,402,000 -12,727,000 -21,311,000 -5,782,000 -7,738,000 -18,095,000 -19,517,000 -14,512,000 -17,323,000 22,825,000 -20,205,000 -18,551,000 
      capex
    		 -535,000 -535,000 0 0 0 0 0 0 0 0 0 -1,000 0 0 0 
      free cash flows
    		 -12,096,000 -29,371,000 -62,655,000 -10,402,000 -12,727,000 -21,311,000 -5,782,000 -7,738,000 -18,095,000 -19,517,000 -14,512,000 -17,324,000 22,825,000 -20,205,000 -18,551,000 
      net cash provided by/(used in) financing activities
    		 13,457,000     124,000 68,685,000 2,614,000        
      operating activities:
    		                
      foreign exchange loss/
    		          2,137,000 1,119,000     
      proceeds from issuance of ordinary shares
    		    0 0 47,000 56,862,000 67,000        
      payment of offering costs in connection with the issuance of ordinary shares
    		        49,000        
      proceeds from 2023 term loan, net of repayment of oxford term loan and debt issuance costs incurred
    		                
      repayment of term loans
    		                
      svb term loan repayment costs
    		                
      cash and cash equivalents at beginning of the year
    		                
      cash and cash equivalents at end of the year
    		                
      foreign exchange gain
    		              -31,000 -155,000 
      amortization of debt issue costs
    		        13,000 23,000 21,000 23,000 22,000 22,000 51,000 19,000 
      other non-cash items
    		     15,000 15,000 73,000         
      license agreement obligations
    		                
      depreciation and amortization
    		        151,000 157,000 165,000 163,000 162,000 162,000 152,000 153,000 
      tax incentive receivables
    		                
      proceeds from oxford term loan
    		                
      repayment of svb term loan
    		                
      right-of-use asset
    		                
      lease liabilities
    		     -179,000 -140,000 -165,000  197,000 -164,000 -174,000 -550,000 -216,000 603,000 -210,000 
      proceeds from draw under the oxford term loan
    		     0 0 9,996,000         
      taxes payable
    		       141,000 -2,000 -26,000 76,000 88,000 -304,000    
      fair value movement on warrants
    		            -2,000 -40,000 -2,711,000 507,000 
      equity interest recognized as revenue
    		                
      right-of-use assets
    		                
      proceeds from issuance of oxford term loan
    		                
      oxford term loan issuance costs
    		                
      foreign exchange loss
    		                
      equity interest receivable
    		                
      proceeds from at-the-market sales agreement
    		         0 0 67,000  350,000   
      deferred revenue
    		                
      impairment of right-of-use asset
    		                
      sale of short-term investments
    		                
      net cash (used in)/provided by investing activities
    		            -1,000    
      proceeds from issuance of term loan
    		                
      term loan issuance costs
    		                
      net cash (used in)/provided by financing activities
    		            -901,000    
      equity interest
    		                
      tax and tax incentive receivables
    		              -3,836,000 -2,012,000 
      non-current assets
    		                
      other liabilities
    		              167,000 15,000 
      net decrease in cash and cash equivalents
    		                
      net increase in cash and cash equivalents
    		               -18,388,000 
      foreign exchange (gain) / loss
    		                
      cash flows from investing activities
    		                
      purchases of short-term investments
    		                
      cash flows from financing activities
    		                
      proceeds from the issuance of term loan
    		                
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.