Xenon Pharmaceuticals Inc(NASDAQ:XENE)

Xenon Pharmaceuticals Inc., a clinical-stage biopharmaceutical company, engages in developing therapeutics to treat patients with neurological disorders in Canada. Its clinical development pipeline includes XEN496, A Kv7 potassium channel modulator that is Phase III clinical trials for the treatment...
Website: http://www.xenon-pharma.com
Founded: 1996
Full Time Employees: 100
Sector: Healthcare
Industry: Biotechnology
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At a glance:
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Quarterly
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| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
collaboration revenue | 7,500,000 | 15,000 | 264,000 | 15,000 | 15,000 | 412,000 | 412,000 | 569,000 | 3,226,000 | 4,293,000 | 4,044,000 | 4,010,000 | 4,877,000 | 13,192,000 | |||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||
research and development | 88,508,000 | 87,699,000 | 77,054,000 | 74,985,000 | 61,200,000 | 59,472,000 | 56,970,000 | 49,702,000 | 44,250,000 | 41,076,000 | 42,880,000 | 44,040,000 | 39,516,000 | 34,830,000 | 29,431,000 | 22,146,000 | 19,360,000 | 21,887,000 | 18,891,000 | 18,377,000 | 16,308,000 | 14,967,000 | 13,045,000 | 10,720,000 | 11,791,000 | 11,752,000 | 9,751,000 | 8,205,000 | 9,137,000 | 6,406,000 | 6,240,000 | 5,408,000 | 5,580,000 | 6,397,000 | 7,164,000 | 6,109,000 | 5,903,000 | 5,965,000 | 5,103,000 | 4,364,000 | 4,263,000 | 3,793,000 | 3,669,000 | 3,427,000 | 3,453,000 | 3,216,000 | |
general and administrative | 23,820,000 | 22,068,000 | 19,282,000 | 19,244,000 | 19,038,000 | 18,005,000 | 16,706,000 | 19,402,000 | 14,791,000 | 12,619,000 | 12,804,000 | 11,584,000 | 9,535,000 | 8,501,000 | 8,829,000 | 8,705,000 | 6,775,000 | 6,688,000 | 4,831,000 | 6,339,000 | 4,109,000 | 3,106,000 | 3,208,000 | 3,310,000 | 3,320,000 | 3,175,000 | 2,700,000 | 2,307,000 | 2,621,000 | 2,028,000 | 1,938,000 | 2,178,000 | 2,238,000 | 1,670,000 | 1,744,000 | 1,799,000 | 2,100,000 | 1,779,000 | 1,676,000 | 1,895,000 | 1,567,000 | 1,321,000 | 2,058,000 | 1,789,000 | 1,390,000 | 1,316,000 | |
total operating expenses | 112,328,000 | 109,767,000 | 96,336,000 | 94,229,000 | 3,105,250 | 4,532,000 | |||||||||||||||||||||||||||||||||||||||||
income from operations | -112,328,000 | -109,767,000 | -96,336,000 | -94,229,000 | -72,738,000 | -77,477,000 | -73,676,000 | -69,104,000 | -59,041,000 | -53,695,000 | -55,684,000 | -55,624,000 | -49,051,000 | -43,331,000 | -38,128,000 | -30,315,000 | -17,369,000 | -24,838,000 | -15,598,000 | -22,498,000 | -16,059,000 | -12,923,000 | -9,699,000 | -646,000 | -8,033,000 | -11,598,000 | -8,951,000 | -10,512,000 | -11,758,000 | -8,434,000 | -14,178,000 | -7,586,000 | -7,818,000 | -8,051,000 | -8,644,000 | -7,893,000 | -7,987,000 | -7,331,000 | -6,366,000 | -5,658,000 | -2,603,000 | -820,000 | 199,000 | -1,206,000 | 35,000 | 8,661,000 | |
yoy | 54.43% | 41.68% | 30.76% | 36.36% | 23.20% | 44.29% | 32.31% | 24.23% | 20.37% | 23.92% | 46.04% | 83.49% | 182.41% | 74.45% | 144.44% | 34.75% | 8.16% | 92.20% | 60.82% | 3382.66% | 99.91% | 11.42% | 8.36% | -93.85% | -31.68% | 37.51% | -36.87% | 38.57% | 50.40% | 4.76% | 64.02% | -3.89% | -2.12% | 17.91% | 23.99% | 41.16% | 794.02% | -3298.99% | 369.15% | -7537.14% | -109.47% | ||||||
qoq | 2.33% | 13.94% | 2.24% | 29.55% | -6.12% | 5.16% | 6.62% | 17.04% | 9.96% | -3.57% | 0.11% | 13.40% | 13.20% | 13.65% | 25.77% | 74.54% | -30.07% | 59.24% | -30.67% | 40.10% | 24.27% | 33.24% | 1401.39% | -91.96% | -30.74% | 29.57% | -14.85% | -10.60% | 39.41% | -40.51% | 86.90% | -2.97% | -2.89% | -6.86% | 9.51% | -1.18% | 15.16% | 12.51% | 117.36% | 217.44% | -512.06% | -116.50% | -3545.71% | -99.60% | |||
operating margin % | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | NaN% | -Infinity% | -28884.85% | -5655.78% | -198.14% | -664.65% | -192.00% | -1014.34% | -368.49% | -250.93% | -147.99% | -4.83% | -113.49% | -348.39% | -255.74% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% |
other income: | |||||||||||||||||||||||||||||||||||||||||||||||
interest income | 6,907,000 | 5,340,000 | 6,206,000 | 7,199,000 | 8,083,000 | 9,422,000 | 10,329,000 | 10,837,000 | 11,355,000 | 8,691,000 | 6,982,000 | 6,524,000 | 5,423,000 | 4,463,000 | 3,066,000 | 816,000 | 368,000 | 263,000 | 76,000 | 55,000 | 72,000 | 89,000 | 166,000 | 912,000 | 1,116,000 | 437,000 | 528,000 | 706,000 | 682,000 | 658,000 | 325,000 | 125,000 | 108,000 | 95,000 | 124,000 | 109,000 | 149,000 | 114,000 | 123,000 | 99,000 | 97,000 | 130,000 | 163,000 | 152,000 | 152,000 | 138,000 | |
foreign exchange gain | 548,000 | -296,000 | -89,000 | 1,698,000 | 35,000 | -1,478,000 | 237,000 | 10,000 | 167,000 | -90,000 | -407,000 | 383,000 | 313,000 | 602,000 | -2,381,000 | -411,000 | 299,000 | 214,000 | -128,000 | 117,000 | 155,000 | 497,000 | 475,000 | 662,000 | -238,000 | 97,000 | -80,000 | 135,000 | 130,000 | -425,000 | 148,000 | -140,000 | -284,000 | -109,000 | 778,000 | 404,000 | 321,000 | -497,000 | 227,000 | 2,296,000 | -1,431,000 | -3,137,000 | 806,000 | -3,171,000 | 1,037,000 | 392,000 | |
total other income | 7,455,000 | 5,044,000 | 6,117,000 | 8,897,000 | |||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -104,873,000 | -104,723,000 | -90,219,000 | -85,332,000 | -64,620,000 | -69,533,000 | -63,110,000 | -58,257,000 | -47,519,000 | -44,948,000 | -48,619,000 | -47,681,000 | -41,437,000 | -36,256,000 | -37,737,000 | -31,198,000 | -20,064,000 | -25,080,000 | -15,650,000 | -22,326,000 | -15,832,000 | -12,337,000 | -9,058,000 | -214,000 | -7,485,000 | -11,412,000 | -8,866,000 | -10,036,000 | -11,304,000 | ||||||||||||||||||
income tax recovery | 2,571,000 | -538,000 | -677,000 | 626,000 | 3,848,000 | 320,000 | 333,000 | 205,000 | 157,000 | 220,000 | 255,250 | 587,000 | 40,000 | 394,000 | -484,000 | 205,000 | 217,000 | 68,000 | |||||||||||||||||||||||||||||
net income | -102,302,000 | -105,261,000 | -90,896,000 | -84,706,000 | -65,047,000 | -65,685,000 | -62,790,000 | -57,924,000 | -47,931,000 | -44,743,000 | -48,462,000 | -47,461,000 | -41,727,000 | -37,395,000 | -37,150,000 | -3,937,000 | -3,827,000 | 1,168,000 | -4,225,000 | 1,224,000 | 9,191,000 | ||||||||||||||||||||||||||
yoy | 57.27% | 60.25% | 44.76% | 46.24% | 35.71% | 46.81% | 29.57% | 22.05% | 14.87% | 19.65% | 30.45% | -421.65% | -141.64% | ||||||||||||||||||||||||||||||||||
qoq | -2.81% | 15.80% | 7.31% | 30.22% | -0.97% | 4.61% | 8.40% | 20.85% | 7.13% | -7.67% | 2.11% | 13.74% | 11.58% | 0.66% | 2.87% | -427.65% | -127.64% | -445.18% | -86.68% | ||||||||||||||||||||||||||||
net income margin % | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | NaN% | -Infinity% | -28143.94% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | -Infinity% | -Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% |
other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities | -1,546,000 | -142,000 | 364,000 | 949,000 | 776,000 | -2,948,000 | 3,548,000 | -1,692,000 | 2,876,000 | 346,000 | 1,180,000 | ||||||||||||||||||||||||||||||||||||
comprehensive loss | -103,848,000 | -105,403,000 | -90,532,000 | -83,757,000 | -64,271,000 | -68,633,000 | -59,242,000 | -58,367,000 | -49,623,000 | -41,867,000 | -48,116,000 | -48,940,000 | -40,547,000 | -37,440,000 | -39,115,000 | ||||||||||||||||||||||||||||||||
net loss per common share | |||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -1,170 | -1,310 | -1,150 | -1,070 | -830 | -840 | -810 | -750 | -620 | -640 | -730 | -720 | -630 | -570 | -570 | -550 | -350 | -480 | -360 | -510 | -420 | -340 | -250 | -220 | -410 | -330 | -370 | -510 | -230 | -300 | |||||||||||||||||
weighted-average common shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 87,345,717,000 | 79,253,751,000 | 79,247,976,000 | 78,953,445,000 | 78,687,503,000 | 77,894,643,000 | 77,926,205,000 | 77,671,128,000 | 77,594,599,000 | 66,889,005,000 | 66,002,163,000 | 65,861,138,000 | 65,724,681,000 | 60,542,142,000 | 65,465,069,000 | 56,192,922,000 | 54,852,792,000 | 43,627,452,000 | 41,193,267,000 | 43,106,207,000 | 36,824,619,000 | 34,542,213,000 | 34,994,944,000 | 33,189,733,000 | 25,939,405,000 | 25,793,482,000 | 15,268,964,000 | 14,394,000,000 | 14,212,579,000 | ||||||||||||||||||
operating expenses: - sum | 80,238,000 | 77,477,000 | 73,676,000 | 69,104,000 | 59,041,000 | 53,695,000 | 55,684,000 | 55,624,000 | 49,051,000 | 43,331,000 | 38,260,000 | 30,851,000 | 26,135,000 | 28,575,000 | 23,722,000 | 24,716,000 | 20,417,000 | 18,073,000 | 16,253,000 | 14,030,000 | 15,111,000 | 14,927,000 | 12,451,000 | 10,512,000 | 11,758,000 | 8,434,000 | 14,178,000 | 7,586,000 | 7,818,000 | 8,067,000 | 8,908,000 | 7,908,000 | 8,003,000 | 7,744,000 | 6,779,000 | 6,259,000 | |||||||||||
other income: - sum | 8,118,000 | 7,944,000 | 10,566,000 | 10,847,000 | 11,522,000 | 8,747,000 | 7,065,000 | 7,943,000 | 7,614,000 | 7,075,000 | 391,000 | ||||||||||||||||||||||||||||||||||||
income tax expense | -427,000 | -412,000 | -37,000 | ||||||||||||||||||||||||||||||||||||||||||||
unrealized fair value gain on trading securities | 146,000 | 490,000 | 1,036,000 | 1,878,000 | 2,010,000 | -294,000 | |||||||||||||||||||||||||||||||||||||||||
other comprehensive loss: | |||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on available-for-sale securities | -443,000 | -1,479,000 | |||||||||||||||||||||||||||||||||||||||||||||
revenue | 132,000 | 536,000 | 8,766,000 | 3,737,000 | 8,124,000 | 2,218,000 | 4,358,000 | 5,150,000 | 6,554,000 | 13,384,000 | 7,078,000 | 3,329,000 | 3,500,000 | ||||||||||||||||||||||||||||||||||
yoy | NaN% | NaN% | NaN% | -98.38% | -75.83% | 101.15% | -27.44% | 23.95% | -83.43% | -38.43% | 54.70% | 87.26% | |||||||||||||||||||||||||||||||||||
qoq | NaN% | NaN% | -75.37% | -93.89% | 134.57% | -54.00% | 266.28% | -49.11% | -15.38% | -21.42% | -51.03% | 89.09% | 112.62% | -4.89% | |||||||||||||||||||||||||||||||||
net loss attributable to preferred shareholders | -17,000 | -299,000 | -487,000 | -362,000 | -521,000 | -423,000 | -350,000 | -250,000 | -5,000 | -222,000 | -422,000 | -336,000 | -380,000 | -430,000 | -375,000 | -1,621,000 | -1,303,000 | -33,000 | |||||||||||||||||||||||||||||
net loss attributable to common shareholders | -44,743,000 | -48,462,000 | -47,461,000 | -41,727,000 | -37,378,000 | -37,150,000 | -31,158,000 | -19,371,000 | -25,077,000 | -15,083,000 | -21,588,000 | -15,341,000 | -11,973,000 | -8,605,000 | -170,000 | -7,262,000 | -10,954,000 | -8,535,000 | -9,627,000 | -10,911,000 | -8,183,000 | -12,762,000 | -6,498,000 | -3,722,000 | -4,225,000 | ||||||||||||||||||||||
income tax (expense) recovery | -290,000 | ||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on available-for-sale securities | -491,250 | -1,965,000 | |||||||||||||||||||||||||||||||||||||||||||||
unrealized fair value loss on marketable securities | -1,288,000 | -3,362,000 | |||||||||||||||||||||||||||||||||||||||||||||
net loss and comprehensive loss | -31,158,000 | -19,670,000 | -25,564,000 | -15,445,000 | -22,109,000 | -15,764,000 | -12,323,000 | -8,855,000 | -175,000 | -7,484,000 | -11,376,000 | -8,871,000 | -10,007,000 | -11,341,000 | -8,558,000 | -14,383,000 | -7,801,000 | -3,755,000 | -8,065,000 | -7,742,000 | -7,380,000 | -7,517,000 | -7,714,000 | -3,263,000 | |||||||||||||||||||||||
interest expense | -154,000 | -330,000 | -348,000 | -363,000 | -365,000 | -358,000 | -357,000 | -678,000 | -200,000 | -159,000 | |||||||||||||||||||||||||||||||||||||
loss on repayment of term loan | -988,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income tax | 60,750 | 203,000 | 39,000 | 1,000 | -3,250 | -5,000 | 29,000 | ||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||
basic | 34,979,282,000 | 25,773,879,000 | 25,753,836,000 | 19,425,711,000 | 20,306,298,000 | 14,306,491,000 | 17,804,421,000 | 17,985,061,000 | 17,998,420,000 | 17,997,194,000 | 17,946,209,000 | 15,493,474,000 | 14,408,108,000 | 14,281,837,000 | 14,298,612,000 | 14,241,827,000 | 3,165,572,000 | 1,348,417 | |||||||||||||||||||||||||||||
diluted | 34,979,282,000 | 25,775,559,000 | 25,753,836,000 | 19,425,711,000 | 20,306,298,000 | 14,306,491,000 | 17,804,421,000 | 18,001,759,000 | 18,009,979,000 | 18,015,748,000 | 17,974,469,000 | 14,434,602,000 | 15,129,978,000 | ||||||||||||||||||||||||||||||||||
buy-out of future milestones and royalties | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
gain on termination of collaboration agreement | 4,398,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net loss per common share | |||||||||||||||||||||||||||||||||||||||||||||||
basic | -420 | -290 | -630 | -450 | -210 | -450 | -430 | -410 | -420 | ||||||||||||||||||||||||||||||||||||||
diluted | -420 | -290 | -630 | -450 | -210 | -450 | -430 | -410 | -430 | ||||||||||||||||||||||||||||||||||||||
revenue: | |||||||||||||||||||||||||||||||||||||||||||||||
royalties | 1,000 | 1,000 | 1,000 | 1,000 | 32,000 | 1,000 | 1,000 | 2,000 | 1,000 | 1,000 | |||||||||||||||||||||||||||||||||||||
revenue: - sum | 16,000 | 264,000 | 15,000 | 16,000 | 413,000 | 413,000 | 601,000 | ||||||||||||||||||||||||||||||||||||||||
net income and comprehensive income | -6,016,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net income per common share | |||||||||||||||||||||||||||||||||||||||||||||||
basic | -420 | -270 | -270 | 80 | 4,107.33 | 2.67 | |||||||||||||||||||||||||||||||||||||||||
diluted | -420 | -270 | -270 | -70 | 3,278.29 | 1.69 | |||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 87,345,717,000 | 79,253,751,000 | 79,247,976,000 | 78,953,445,000 | 78,687,503,000 | 77,894,643,000 | 77,926,205,000 | 77,671,128,000 | 77,594,599,000 | 66,889,005,000 | 66,002,163,000 | 65,861,138,000 | 65,724,681,000 | 60,542,142,000 | 65,465,069,000 | 56,192,922,000 | 54,852,792,000 | 43,627,452,000 | 41,193,267,000 | 43,106,207,000 | 36,824,619,000 | 34,542,213,000 | 34,994,944,000 | 33,189,733,000 | 25,939,405,000 | 25,793,482,000 | 15,268,964,000 | 14,394,000,000 | 14,212,579,000 | ||||||||||||||||||
net income attributable to participating securities | 2,049,750 | 5,596,000 | |||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders | -3,937,000 | -3,827,000 | 1,168,000 | 9,423,000 | 3,595,000 | ||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||
basic | 34,979,282,000 | 25,773,879,000 | 25,753,836,000 | 19,425,711,000 | 20,306,298,000 | 14,306,491,000 | 17,804,421,000 | 17,985,061,000 | 17,998,420,000 | 17,997,194,000 | 17,946,209,000 | 15,493,474,000 | 14,408,108,000 | 14,281,837,000 | 14,298,612,000 | 14,241,827,000 | 3,165,572,000 | 1,348,417 | |||||||||||||||||||||||||||||
effects of dilutive securities | |||||||||||||||||||||||||||||||||||||||||||||||
stock options | 797,475,033 | 763,949 | |||||||||||||||||||||||||||||||||||||||||||||
subscription rights | 2,861.75 | 10,400 | |||||||||||||||||||||||||||||||||||||||||||||
diluted | 30,831,000 | 14,298,612,000 | 3,961,688,597 | 2,122,766 | |||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustment | |||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | -3,937,000 | -3,827,000 | 1,168,000 | -4,225,000 | |||||||||||||||||||||||||||||||||||||||||||
general and administrative - stock based compensation | -1,880,000 | ||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||
basic | 34,979,282,000 | 25,773,879,000 | 25,753,836,000 | 19,425,711,000 | 20,306,298,000 | 14,306,491,000 | 17,804,421,000 | 17,985,061,000 | 17,998,420,000 | 17,997,194,000 | 17,946,209,000 | 15,493,474,000 | 14,408,108,000 | 14,281,837,000 | 14,298,612,000 | 14,241,827,000 | 3,165,572,000 | 1,348,417 | |||||||||||||||||||||||||||||
diluted | 34,979,282,000 | 25,775,559,000 | 25,753,836,000 | 19,425,711,000 | 20,306,298,000 | 14,306,491,000 | 17,804,421,000 | 18,001,759,000 | 18,009,979,000 | 18,015,748,000 | 17,974,469,000 | 14,434,602,000 | 15,129,978,000 | ||||||||||||||||||||||||||||||||||
net loss per common share: | |||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -1,170 | -1,310 | -1,150 | -1,070 | -830 | -840 | -810 | -750 | -620 | -640 | -730 | -720 | -630 | -570 | -570 | -550 | -350 | -480 | -360 | -510 | -420 | -340 | -250 | -220 | -410 | -330 | -370 | -510 | -230 | -300 | |||||||||||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 87,345,717,000 | 79,253,751,000 | 79,247,976,000 | 78,953,445,000 | 78,687,503,000 | 77,894,643,000 | 77,926,205,000 | 77,671,128,000 | 77,594,599,000 | 66,889,005,000 | 66,002,163,000 | 65,861,138,000 | 65,724,681,000 | 60,542,142,000 | 65,465,069,000 | 56,192,922,000 | 54,852,792,000 | 43,627,452,000 | 41,193,267,000 | 43,106,207,000 | 36,824,619,000 | 34,542,213,000 | 34,994,944,000 | 33,189,733,000 | 25,939,405,000 | 25,793,482,000 | 15,268,964,000 | 14,394,000,000 | 14,212,579,000 | ||||||||||||||||||
gain on write-off and disposal of assets | |||||||||||||||||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||||||||||
basic | -420 | -270 | -270 | 80 | 4,107.33 | 2.67 | |||||||||||||||||||||||||||||||||||||||||
diluted | -420 | -270 | -270 | -70 | 3,278.29 | 1.69 | |||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||
basic | 34,979,282,000 | 25,773,879,000 | 25,753,836,000 | 19,425,711,000 | 20,306,298,000 | 14,306,491,000 | 17,804,421,000 | 17,985,061,000 | 17,998,420,000 | 17,997,194,000 | 17,946,209,000 | 15,493,474,000 | 14,408,108,000 | 14,281,837,000 | 14,298,612,000 | 14,241,827,000 | 3,165,572,000 | 1,348,417 | |||||||||||||||||||||||||||||
effects of dilutive securities: |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 545,867,000 | 199,163,000 | 104,514,000 | 135,381,000 | 116,657,000 | 142,712,000 | 87,621,000 | 136,734,000 | 58,896,000 | 148,643,000 | 99,574,000 | 64,552,000 | 69,512,000 | 57,242,000 | 103,489,000 | 369,987,000 | 116,541,000 | 175,688,000 | 87,809,000 | 82,930,000 | 87,985,000 | 45,009,000 | 15,100,000 | 44,199,000 | 60,508,000 | 24,755,000 | 37,671,000 | 37,075,000 | 52,180,000 | 67,754,000 | 87,962,000 | 47,435,000 | 17,200,000 | 20,486,000 | 14,688,000 | 23,090,000 | 20,160,000 | 17,095,000 | 54,135,000 | 35,210,000 | 56,064,000 | 58,651,000 | 65,469,000 | 64,346,000 | 65,917,000 | 72,026,000 | 33,731,000 |
marketable securities | 548,880,000 | 349,723,000 | 357,754,000 | 352,164,000 | 432,972,000 | 484,193,000 | 566,394,000 | 584,801,000 | 640,706,000 | 489,439,000 | 427,100,000 | 475,048,000 | 457,531,000 | 534,845,000 | 534,696,000 | 418,251,000 | 421,399,000 | 376,086,000 | 161,816,000 | 177,593,000 | 186,718,000 | 131,988,000 | 175,827,000 | 158,555,000 | 169,163,000 | 116,603,000 | 56,932,000 | 64,726,000 | 58,249,000 | 51,552,000 | 39,166,000 | 15,835,000 | 17,878,000 | 23,181,000 | 29,084,000 | 28,606,000 | 37,867,000 | 47,051,000 | 15,356,000 | 15,528,000 | 9,354,000 | 9,464,000 | 12,015,000 | 14,205,000 | |||
other receivables | 1,165,000 | 1,371,000 | 812,000 | 1,097,000 | |||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 10,720,000 | 10,392,000 | 17,057,000 | 11,610,000 | 7,259,000 | 6,890,000 | 4,686,000 | 5,701,000 | 6,769,000 | 6,006,000 | 3,529,000 | 2,893,000 | 4,086,000 | 7,225,000 | 8,509,000 | 4,041,000 | 4,753,000 | 4,481,000 | 3,454,000 | 3,313,000 | 3,497,000 | 2,964,000 | 2,274,000 | 2,470,000 | 2,582,000 | 2,695,000 | 1,666,000 | 1,353,000 | 1,486,000 | 1,875,000 | 2,185,000 | 909,000 | 1,151,000 | 716,000 | 1,086,000 | 739,000 | 925,000 | 1,329,000 | 1,264,000 | 1,996,000 | 1,818,000 | 1,900,000 | 371,000 | 465,000 | 464,000 | 686,000 | 171,000 |
total current assets | 1,106,632,000 | 560,649,000 | 480,137,000 | 500,252,000 | 48,269,000 | ||||||||||||||||||||||||||||||||||||||||||
marketable securities, long-term | 244,874,000 | 37,152,000 | 92,988,000 | 137,297,000 | 141,498,000 | 127,496,000 | 149,317,000 | 129,062,000 | 185,836,000 | 292,792,000 | 112,407,000 | 112,592,000 | 160,265,000 | 128,682,000 | 113,989,000 | ||||||||||||||||||||||||||||||||
operating lease right-of-use asset | 6,288,000 | 6,626,000 | 6,960,000 | 7,290,000 | 7,617,000 | 7,939,000 | 8,258,000 | 8,573,000 | 8,884,000 | 9,193,000 | 9,497,000 | 9,799,000 | 10,097,000 | 10,406,000 | 7,559,000 | 7,730,000 | 7,900,000 | 8,056,000 | 2,967,000 | 3,086,000 | 3,206,000 | 3,326,000 | 886,000 | 1,029,000 | 832,000 | 933,000 | 1,036,000 | 1,135,000 | 1,233,000 | ||||||||||||||||||
property, plant and equipment | 8,294,000 | 8,721,000 | 8,887,000 | 9,205,000 | 9,696,000 | 10,278,000 | 10,162,000 | 10,138,000 | 9,393,000 | 9,653,000 | 10,236,000 | 9,563,000 | 7,975,000 | 6,500,000 | 4,575,000 | 4,536,000 | 4,336,000 | 4,466,000 | 4,261,000 | 4,326,000 | 3,691,000 | 3,554,000 | 2,954,000 | 2,347,000 | 2,155,000 | 1,660,000 | 1,212,000 | 1,316,000 | 1,198,000 | 991,000 | 962,000 | 1,086,000 | 1,101,000 | 1,070,000 | 1,154,000 | 1,308,000 | 1,376,000 | 1,404,000 | 1,542,000 | 1,663,000 | 1,790,000 | 1,989,000 | 2,130,000 | 2,174,000 | 2,353,000 | 2,476,000 | 1,999,000 |
deferred tax assets | 12,417,000 | 12,864,000 | 11,750,000 | 11,049,000 | 10,879,000 | 9,666,000 | 1,054,000 | 733,000 | 400,000 | 802,000 | 601,000 | 445,000 | 221,000 | 509,000 | 514,000 | 311,000 | 207,000 | 465,000 | 811,000 | 544,000 | 514,000 | 523,000 | 478,000 | 290,000 | 186,000 | 238,000 | 178,000 | 116,000 | 72,000 | ||||||||||||||||||
prepaid expenses, long-term | 8,305,000 | 7,151,000 | 7,114,000 | 9,188,000 | 8,053,000 | 7,496,000 | 7,471,000 | 7,416,000 | 7,306,000 | 7,396,000 | 7,344,000 | 7,884,000 | 7,959,000 | 7,751,000 | 230,000 | ||||||||||||||||||||||||||||||||
total assets | 1,386,810,000 | 633,163,000 | 607,836,000 | 674,281,000 | 743,280,000 | 798,139,000 | 835,901,000 | 884,011,000 | 919,023,000 | 964,798,000 | 671,093,000 | 684,899,000 | 719,868,000 | 754,146,000 | 775,813,000 | 807,380,000 | 558,059,000 | 572,007,000 | 264,353,000 | 274,711,000 | 290,671,000 | 189,186,000 | 199,128,000 | 210,676,000 | 237,043,000 | 147,697,000 | 98,904,000 | 105,892,000 | 114,550,000 | 122,428,000 | 130,455,000 | 65,436,000 | 37,762,000 | 46,121,000 | 46,359,000 | 54,226,000 | 60,786,000 | 67,487,000 | 73,371,000 | 55,687,000 | 61,152,000 | 63,949,000 | 69,944,000 | 76,527,000 | 79,403,000 | 87,418,000 | 54,144,000 |
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 38,254,000 | 40,260,000 | 36,840,000 | 31,588,000 | 30,648,000 | 34,221,000 | |||||||||||||||||||||||||||||||||||||||||
operating lease liability | 1,561,000 | 1,532,000 | 1,495,000 | 1,459,000 | 1,382,000 | 1,369,000 | 1,387,000 | 1,354,000 | 1,323,000 | 1,299,000 | 1,246,000 | 1,223,000 | 1,194,000 | 488,000 | 605,000 | 686,000 | 759,000 | 270,000 | 265,000 | 596,000 | 594,000 | 156,000 | 168,000 | 857,000 | 573,000 | 722,000 | |||||||||||||||||||||
total current liabilities | 39,815,000 | 41,792,000 | 38,335,000 | 33,047,000 | 16,343,000 | ||||||||||||||||||||||||||||||||||||||||||
operating lease liability, long-term | 5,930,000 | 6,412,000 | 6,832,000 | 7,256,000 | 7,293,000 | 7,646,000 | 8,399,000 | 8,679,000 | 9,102,000 | 9,604,000 | 9,757,000 | 10,283,000 | 10,433,000 | 9,947,000 | 7,157,000 | 7,851,000 | 8,224,000 | 7,652,000 | 2,558,000 | 2,746,000 | 2,902,000 | 3,050,000 | 188,000 | 323,000 | 541,000 | 743,000 | |||||||||||||||||||||
other liabilities, long-term | 3,246,000 | 3,199,000 | 3,158,000 | ||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 48,991,000 | 51,403,000 | 48,325,000 | 40,303,000 | 39,323,000 | 43,236,000 | 38,094,000 | 39,964,000 | 31,325,000 | 36,877,000 | 34,501,000 | 38,442,000 | 32,924,000 | 32,649,000 | 22,694,000 | 19,165,000 | |||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 96,624,123 | 2,421,833,000 | ||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 264,879,000 | 228,234,000 | 223,782,000 | 213,892,000 | 208,460,000 | 199,149,000 | 188,442,000 | 176,796,000 | 163,577,000 | 156,764,000 | 137,974,000 | 138,683,000 | 140,088,000 | 142,108,000 | 136,728,000 | 133,295,000 | 119,580,000 | 117,495,000 | 69,621,000 | 67,255,000 | 65,457,000 | 45,357,000 | 43,796,000 | 42,218,000 | 41,068,000 | 40,646,000 | 39,676,000 | 39,391,000 | 38,932,000 | 38,515,000 | 37,886,000 | 37,718,000 | 36,919,000 | 36,471,000 | 35,773,000 | 35,182,000 | 34,557,000 | 34,326,000 | 34,117,000 | 33,752,000 | 33,381,000 | 33,083,000 | 32,844,000 | 29,314,000 | 30,450,000 | 30,346,000 | 30,242,000 |
accumulated deficit | -1,347,682,000 | -1,245,380,000 | -1,140,119,000 | -1,049,223,000 | -964,517,000 | -899,470,000 | -833,785,000 | -770,995,000 | -713,071,000 | -665,140,000 | -620,397,000 | -571,935,000 | -524,474,000 | -482,747,000 | -445,352,000 | -408,202,000 | -377,044,000 | -357,374,000 | -331,810,000 | -316,365,000 | -294,256,000 | -278,492,000 | -266,169,000 | -257,314,000 | -257,139,000 | -249,655,000 | -238,279,000 | -229,408,000 | -219,401,000 | -207,885,000 | -199,327,000 | -184,944,000 | -177,143,000 | -173,388,000 | -165,323,000 | -157,581,000 | -150,201,000 | -142,681,000 | -136,704,000 | -128,972,000 | -122,956,000 | -119,693,000 | -115,754,000 | -111,801,000 | -107,999,000 | -103,734,000 | -104,958,000 |
accumulated other comprehensive income | -1,211,000 | 335,000 | 477,000 | 113,000 | 1,336,000 | ||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 1,337,819,000 | 559,511,000 | 633,978,000 | 703,957,000 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 1,386,810,000 | 633,163,000 | 607,836,000 | 674,281,000 | 743,280,000 | 798,139,000 | 835,901,000 | 884,011,000 | 919,023,000 | 964,798,000 | 671,093,000 | 684,899,000 | 719,868,000 | 754,146,000 | 775,813,000 | 807,380,000 | 558,059,000 | 572,007,000 | 264,353,000 | 274,711,000 | 290,671,000 | 189,186,000 | 199,128,000 | 210,676,000 | 237,043,000 | 147,697,000 | 98,904,000 | 105,892,000 | 114,550,000 | 122,428,000 | 130,455,000 | 65,436,000 | 37,762,000 | 46,121,000 | 46,359,000 | 54,226,000 | 60,786,000 | 67,487,000 | 73,371,000 | 55,687,000 | 61,152,000 | 63,949,000 | 69,944,000 | 76,527,000 | 79,403,000 | ||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 80,010,790 | 1,598,571,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 581,760,000 | 754,903,000 | 797,807,000 | 844,047,000 | 887,698,000 | 927,921,000 | 636,592,000 | 646,457,000 | 686,944,000 | 721,497,000 | 753,119,000 | ||||||||||||||||||||||||||||||||||||
subsequent event | |||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 77,120,168 | 1,475,371,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 76,939,811 | 1,469,196,000 | ||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivable | 8,649,000 | ||||||||||||||||||||||||||||||||||||||||||||||
current assets: - sum | 565,537,000 | 635,264,000 | 659,639,000 | 728,089,000 | 707,204,000 | 644,962,000 | 531,008,000 | 544,616,000 | 533,351,000 | 600,298,000 | 649,176,000 | 794,803,000 | 545,616,000 | 559,020,000 | 256,314,000 | 266,755,000 | 283,260,000 | 181,783,000 | 194,810,000 | 207,010,000 | 233,870,000 | 144,866,000 | 96,478,000 | 103,325,000 | 112,047,000 | 121,437,000 | 129,493,000 | 64,350,000 | 36,661,000 | 44,821,000 | 44,987,000 | 52,633,000 | 59,141,000 | 65,675,000 | 71,350,000 | 53,392,000 | 58,268,000 | 60,866,000 | |||||||||
current liabilities: - sum | 32,030,000 | 35,590,000 | 29,695,000 | 31,285,000 | 22,223,000 | 27,273,000 | 24,744,000 | 28,159,000 | 22,491,000 | 22,702,000 | 15,537,000 | 13,736,000 | 7,982,000 | 14,322,000 | 12,856,000 | 14,982,000 | 11,492,000 | 14,781,000 | 16,917,000 | 21,055,000 | 48,524,000 | 43,379,000 | 11,697,000 | 9,330,000 | 6,376,000 | 4,119,000 | 4,413,000 | 3,094,000 | 3,788,000 | 4,083,000 | 3,058,000 | 3,774,000 | 3,591,000 | 3,516,000 | 3,976,000 | 2,929,000 | 2,872,000 | 2,782,000 | |||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 76,586,359 | 1,460,850,000 | ||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -836,000 | -1,612,000 | -2,212,000 | -1,769,000 | -77,000 | -2,953,000 | -3,299,000 | -1,820,000 | -3,000,000 | -2,955,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | -990,000 | |||||||
accounts receivable | 1,469,000 | 938,000 | 853,000 | 833,000 | 874,000 | 805,000 | 2,123,000 | 2,222,000 | 986,000 | 2,482,000 | 2,524,000 | 2,923,000 | 2,765,000 | 3,235,000 | 2,919,000 | 5,060,000 | 1,822,000 | 1,609,000 | 1,786,000 | 1,617,000 | 813,000 | 209,000 | 171,000 | 132,000 | 256,000 | 180,000 | 171,000 | 432,000 | 438,000 | 129,000 | 198,000 | 189,000 | 200,000 | 595,000 | 658,000 | 386,000 | 315,000 | 274,000 | 188,000 | 1,205,000 | 215,000 | 162,000 | |||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 76,416,086 | 1,456,836,000 | ||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 28,308,000 | 29,931,000 | 20,900,000 | 25,974,000 | 23,498,000 | 26,936,000 | 21,297,000 | 22,214,000 | 15,537,000 | 13,736,000 | 7,982,000 | 13,717,000 | 9,968,000 | 11,198,000 | 7,580,000 | 10,874,000 | 8,875,000 | 7,769,000 | 8,084,000 | 8,818,000 | 7,923,000 | 6,676,000 | 5,794,000 | 4,119,000 | 4,413,000 | 3,094,000 | 2,388,000 | 3,383,000 | 3,058,000 | 3,774,000 | 3,591,000 | 3,516,000 | 3,976,000 | 2,929,000 | 2,872,000 | 2,625,000 | 2,823,000 | 2,278,000 | 1,530,000 | 2,664,000 | 2,821,000 | ||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 75,794,409 | 1,441,814,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 75,667,550 | 1,440,458,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 75,459,681 | 1,438,961,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 75,370,977 | 1,436,374,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 65,002,249 | 1,121,968,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 63,718,350 | 1,083,008,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 63,107,020 | 1,073,150,000 | ||||||||||||||||||||||||||||||||||||||||||||||
preferred shares, without par value; unlimited shares authorized; issued and outstanding: nil | |||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 62,587,701 | 1,065,136,000 | ||||||||||||||||||||||||||||||||||||||||||||||
collaboration agreements | |||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 62,542,542 | 1,064,698,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 62,242,883 | 1,061,690,000 | ||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: - sum | 785,793,000 | 541,853,000 | 550,033,000 | 248,939,000 | 256,983,000 | 276,277,000 | 171,355,000 | 182,023,000 | 189,298,000 | 187,978,000 | 91,977,000 | 74,564,000 | 82,787,000 | 92,313,000 | 103,295,000 | 111,156,000 | 50,621,000 | 28,498,000 | 35,934,000 | 43,301,000 | 50,452,000 | 57,195,000 | 63,901,000 | 69,309,000 | 52,657,000 | 58,163,000 | 61,034,000 | ||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 53,059,049 | 800,307,000 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | 2,202,000 | 3,025,000 | 3,642,000 | 3,642,000 | 7,446,000 | 12,692,000 | 24,608,000 | 29,743,000 | 157,000 | 2,513,000 | 5,635,000 | 8,724,000 | 11,622,000 | 13,522,000 | |||||||||||||||||||||||||||||||||
preferred shares, without par value; unlimited shares authorized; issued and outstanding: 1,016,000 | 7,732,000 | 7,732,000 | 7,732,000 | 7,732,000 | 7,732,000 | 7,732,000 | 7,732,000 | 7,732,000 | 7,732,000 | 7,732,000 | 7,732,000 | 7,732,000 | 7,732,000 | ||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 51,634,752 | 783,170,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 41,412,875 | 504,386,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 41,117,568 | 499,351,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 40,962,715 | 498,334,000 | ||||||||||||||||||||||||||||||||||||||||||||||
term loan | 15,676,000 | 4,650,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred revenue, long-term | 709,000 | ||||||||||||||||||||||||||||||||||||||||||||||
term loan, long-term | 10,889,000 | 11,786,000 | |||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 35,012,125 | 397,748,000 | ||||||||||||||||||||||||||||||||||||||||||||||
subsequent events | |||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 34,994,946 | 397,654,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 34,994,790 | 397,652,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 34,956,272 | 397,307,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 28,139,228 | 294,244,000 | ||||||||||||||||||||||||||||||||||||||||||||||
operating lease liability, current | 158,000 | 587,000 | |||||||||||||||||||||||||||||||||||||||||||||
term loan, current | 3,616,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 25,868,594 | 266,425,000 | ||||||||||||||||||||||||||||||||||||||||||||||
loan payable, current | 2,067,000 | ||||||||||||||||||||||||||||||||||||||||||||||
loan payable, long-term | 13,202,000 | 15,139,000 | 15,014,000 | 14,886,000 | 11,721,000 | 5,476,000 | 6,104,000 | ||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 25,775,056 | 266,062,000 | ||||||||||||||||||||||||||||||||||||||||||||||
current portion of operating lease liability | 582,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 25,771,954 | 266,040,000 | ||||||||||||||||||||||||||||||||||||||||||||||
loan payable, current portion | 1,400,000 | 700,000 | |||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 25,750,721 | 265,923,000 | ||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses, long term | 218,000 | 285,000 | 269,000 | 408,000 | 479,000 | 632,000 | 1,094,000 | 1,094,000 | 1,700,000 | ||||||||||||||||||||||||||||||||||||||
preferred shares, without par value; unlimited shares authorized; issued and outstanding: 1,568,000 | 11,932,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 25,187,441 | 261,655,000 | ||||||||||||||||||||||||||||||||||||||||||||||
preferred shares, without par value; unlimited shares authorized; issued and outstanding: 2,868,000 | 21,825,000 | 21,825,000 | |||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 17,640,951 | 177,012,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 14,171,301 | 147,887,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 17,998,420 | 173,841,000 | 173,841,000 | 173,841,000 | ||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 17,996,680 | 173,829,000 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred tenant inducements | 70,000 | 86,000 | 101,000 | 117,000 | 133,000 | 149,000 | 164,000 | 180,000 | 196,000 | 219,000 | |||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 17,930,590 | 173,246,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 17,892,933 | 172,886,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 14,415,347 | 148,867,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 14,401,582 | 148,728,000 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue, less current portion | 157,000 | 2,603,000 | |||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 14,385,336 | 148,634,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 14,344,267 | 148,359,000 | ||||||||||||||||||||||||||||||||||||||||||||||
fair value of liability classified stock options | 4,103,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 14,267,174 | 147,824,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; issued and outstanding: 14,222,275 | 147,508,000 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred financing fees | 3,876,000 | ||||||||||||||||||||||||||||||||||||||||||||||
redeemable convertible preferred shares | |||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred shares, without par value; no shares authorized or outstanding at december 31, 2014; 1,205,761 authorized and 1,151,468 issued and outstanding at december 31, 2013. | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred shares, without par value; no shares authorized or outstanding at december 31, 2014; 1,028,806 authorized and 994,885 issued and outstanding at december 31, 2013. | |||||||||||||||||||||||||||||||||||||||||||||||
series e convertible preferred shares, without par value; no shares authorized or outstanding at december 31, 2014; 4,370,920 authorized and 4,322,126 issued and outstanding at december 31, 2013. | |||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; 14,181,333 and 1,344,627 issued and outstanding at december 31, 2014 and december 31, 2013, respectively. | 147,157,000 | ||||||||||||||||||||||||||||||||||||||||||||||
accumulated comprehensive income | -990,000 | 1,009,000 | |||||||||||||||||||||||||||||||||||||||||||||
total liabilities, shareholders’ equity (deficit) and redeemable convertible preferred shares | 87,418,000 | ||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||
contingencies | |||||||||||||||||||||||||||||||||||||||||||||||
redeemable convertible preferred shares: | |||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred shares, without par value; 1,205,761 authorized and 1,151,468 issued and outstanding at december 31, 2013 and september 30, 2014, respectively | 2,939,000 | ||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred shares, without par value; 1,028,806 authorized and 994,885 issued and outstanding at december 31, 2013, and september 30, 2014, respectively | 8,683,000 | ||||||||||||||||||||||||||||||||||||||||||||||
series e convertible preferred shares, without par value; 4,370,920 authorized and 4,322,126 issued and outstanding at december 31, 2013, and september 30, 2014, respectively | 90,866,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total redeemable convertible preferred shares | 102,488,000 | ||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ deficit: | |||||||||||||||||||||||||||||||||||||||||||||||
common shares, without par value; unlimited shares authorized; 1,344,627 and 1,349,591 issued and outstanding at december 31, 2013 and september 30, 2014, respectively | 6,198,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ deficit | -67,509,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, shareholders’ deficit and redeemable convertible preferred shares | 54,144,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||
net loss | -102,302,000 | -105,261,000 | -90,896,000 | -84,706,000 | -65,047,000 | -65,685,000 | -44,743,000 | -48,462,000 | -47,461,000 | -41,727,000 | -37,395,000 | -37,150,000 | -31,158,000 | -19,670,000 | -25,564,000 | -15,445,000 | -22,109,000 | -15,764,000 | -12,323,000 | -8,855,000 | -175,000 | -7,484,000 | -11,376,000 | -8,871,000 | -10,007,000 | -11,341,000 | -8,558,000 | -14,383,000 | -7,801,000 | -3,755,000 | -8,065,000 | -7,742,000 | -7,380,000 | -7,517,000 | -7,714,000 | -6,016,000 | -3,263,000 | |||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||
interest receivable and accretion of discounts on marketable securities | -877,000 | 687,000 | 177,000 | 3,558,000 | 2,947,000 | |||||||||||||||||||||||||||||||||||||||||
depreciation of property plant and equipment | 587,000 | 632,000 | 659,000 | |||||||||||||||||||||||||||||||||||||||||||
non-cash operating lease expense | 338,000 | 334,000 | 330,000 | 327,000 | 322,000 | |||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | 447,000 | -170,000 | -1,213,000 | -333,000 | 403,000 | -224,000 | 288,000 | 9,000 | 52,000 | |||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 16,894,000 | 13,705,000 | 13,713,000 | 12,174,000 | ||||||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange loss | -204,000 | 161,000 | -60,000 | -210,000 | 182,000 | 563,000 | 113,000 | -301,000 | -725,000 | 2,962,000 | -124,000 | 440,000 | 215,000 | -204,000 | -499,000 | 522,000 | -141,000 | 64,000 | -202,000 | -23,000 | 377,000 | -137,000 | 139,000 | 267,000 | 711,000 | 497,000 | -248,000 | -2,260,000 | 1,416,000 | 3,133,000 | -787,000 | 3,140,000 | ||||||||||||||
realized loss on marketable securities | -400,000 | 18,000 | 89,000 | 0 | 518,000 | |||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||
other receivables | 205,000 | -559,000 | 283,000 | |||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | -1,482,000 | -3,373,000 | -5,486,000 | -926,000 | -2,229,000 | 960,000 | 958,000 | -673,000 | -2,529,000 | -96,000 | 1,268,000 | 2,931,000 | -6,467,000 | -4,467,000 | 711,000 | -272,000 | -1,027,000 | -141,000 | 184,000 | -533,000 | -690,000 | 196,000 | 112,000 | 113,000 | -1,028,000 | |||||||||||||||||||||
accounts payable and accrued liabilities | -1,801,000 | 3,193,000 | 5,232,000 | 869,000 | -3,783,000 | |||||||||||||||||||||||||||||||||||||||||
operating lease liability | -349,000 | -335,000 | -337,000 | -318,000 | -307,000 | |||||||||||||||||||||||||||||||||||||||||
other liabilities | 47,000 | 41,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | -88,897,000 | -81,481,000 | -71,752,000 | -64,233,000 | -61,652,000 | -54,385,000 | -51,147,000 | -32,679,000 | -43,178,000 | -35,465,000 | -42,230,000 | -33,221,000 | -34,411,000 | -32,732,000 | -30,402,000 | -16,868,000 | -18,428,000 | -20,710,000 | -15,007,000 | -13,077,000 | -20,708,000 | -13,114,000 | -11,154,000 | -10,789,000 | -13,067,000 | 19,735,000 | -7,067,000 | -8,633,000 | -8,667,000 | -7,242,000 | -13,725,000 | -5,538,000 | -8,219,000 | -6,838,000 | -8,626,000 | -6,802,000 | -6,460,000 | -4,670,000 | -4,524,000 | -5,429,000 | -4,944,000 | -5,247,000 | -4,885,000 | -2,424,000 | -5,547,000 | -2,951,000 |
capital expenditures | -133,000 | -318,000 | -281,000 | -157,000 | -43,000 | -783,000 | -590,000 | -1,514,000 | -188,000 | -78,000 | -1,200,000 | -2,133,000 | -2,206,000 | -1,752,000 | -386,000 | -544,000 | -212,000 | -514,000 | -223,000 | -909,000 | -404,000 | -828,000 | -793,000 | -369,000 | -647,000 | -595,000 | -45,000 | -265,000 | -335,000 | -170,000 | -19,000 | -137,000 | -181,000 | -63,000 | -14,000 | -101,000 | -137,000 | -28,000 | -46,000 | -122,000 | -83,000 | -143,000 | -218,000 | -106,000 | -84,000 | -776,000 |
free cash flows | -89,030,000 | -81,799,000 | -72,033,000 | -64,390,000 | -61,695,000 | -55,168,000 | -51,737,000 | -34,193,000 | -43,366,000 | -35,543,000 | -43,430,000 | -35,354,000 | -36,617,000 | -34,484,000 | -30,788,000 | -17,412,000 | -18,640,000 | -21,224,000 | -15,230,000 | -13,986,000 | -21,112,000 | -13,942,000 | -11,947,000 | -11,158,000 | -13,714,000 | 19,140,000 | -7,112,000 | -8,898,000 | -9,002,000 | -7,412,000 | -13,744,000 | -5,675,000 | -8,400,000 | -6,901,000 | -8,640,000 | -6,903,000 | -6,597,000 | -4,698,000 | -4,570,000 | -5,551,000 | -5,027,000 | -5,390,000 | -5,103,000 | -2,530,000 | -5,631,000 | -3,727,000 |
investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, plant and equipment | -133,000 | -318,000 | -281,000 | -157,000 | -43,000 | -783,000 | -590,000 | -1,514,000 | -188,000 | -78,000 | -1,200,000 | -2,133,000 | -2,206,000 | -1,752,000 | -386,000 | -544,000 | -212,000 | -514,000 | -223,000 | -909,000 | -404,000 | -828,000 | -793,000 | -369,000 | -647,000 | -595,000 | -45,000 | -265,000 | -335,000 | -170,000 | -19,000 | -137,000 | -181,000 | -63,000 | -14,000 | -101,000 | -137,000 | -28,000 | -46,000 | -122,000 | -83,000 | -143,000 | -218,000 | -106,000 | -84,000 | -776,000 |
purchases of marketable securities | -505,652,000 | -74,702,000 | -88,816,000 | -131,239,000 | -164,088,000 | -124,978,000 | -176,848,000 | -146,765,000 | -162,272,000 | -108,282,000 | -294,755,000 | -72,682,000 | -68,956,000 | -10,001,000 | -21,624,000 | -100,655,000 | -66,787,000 | -39,291,000 | -107,482,000 | -11,888,000 | ||||||||||||||||||||||||||
proceeds from marketable securities | 98,503,000 | 123,915,000 | 113,514,000 | 171,233,000 | 165,792,000 | 165,640,000 | 166,658,000 | 237,211,000 | 130,834,000 | 136,940,000 | 195,997,000 | 192,307,000 | 157,110,000 | 102,161,000 | 61,044,000 | 74,543,000 | 20,280,000 | 42,275,000 | 25,799,000 | 30,725,000 | 45,955,000 | 59,364,000 | 49,548,000 | 50,594,000 | 55,204,000 | 4,759,000 | 19,682,000 | 23,374,000 | 27,628,000 | 14,486,000 | 8,890,000 | 11,840,000 | 13,306,000 | 11,592,000 | -75,000 | 31,715,000 | 9,384,000 | 0 | 8,927,000 | 243,000 | 1,575,000 | 1,736,000 | ||||
net cash from investing activities | -407,282,000 | 62,697,000 | 38,531,000 | 82,260,000 | 34,510,000 | 98,503,000 | 1,980,000 | 110,719,000 | -46,202,000 | -239,726,000 | 48,032,000 | 27,902,000 | 46,622,000 | -14,335,000 | -234,097,000 | 1,317,000 | -48,888,000 | -215,433,000 | 15,575,000 | 8,192,000 | -55,104,000 | 43,199,000 | -18,032,000 | 10,934,000 | -52,925,000 | -60,266,000 | 7,749,000 | -6,742,000 | -7,032,000 | -12,556,000 | -23,348,000 | 1,940,000 | 4,977,000 | 5,803,000 | -89,000 | 9,333,000 | 9,247,000 | -32,226,000 | -111,000 | -15,422,000 | -83,000 | -143,000 | 8,709,000 | 137,000 | 1,491,000 | 1,040,000 |
financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from offerings | 837,526,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 5,487,000 | 1,386,000 | 2,360,000 | 65,000 | 1,151,000 | |||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 843,013,000 | 113,537,000 | 2,360,000 | 65,000 | 1,151,000 | 324,014,000 | 6,000 | 699,000 | 269,890,000 | 7,876,000 | 323,953,000 | 4,758,000 | 111,000 | 118,721,000 | 45,000 | 0 | -16,720,000 | 102,470,000 | 27,431,000 | 18,000 | 11,000 | 58,000 | 34,000 | 77,429,000 | 34,009,000 | 119,000 | 6,893,000 | 0 | 3,000 | 174,000 | 48,000 | 23,834,000 | 38,000 | 44,000 | 38,000 | 27,000 | 86,000 | 127,000 | 42,419,000 | |||||||
effect of exchange rate changes on cash and cash equivalents | -130,000 | -104,000 | -6,000 | 632,000 | -64,000 | -1,157,000 | 54,000 | -202,000 | -367,000 | 246,000 | -288,000 | 359,000 | 59,000 | 814,000 | -2,698,000 | -893,000 | 293,000 | 69,000 | -447,000 | -281,000 | 67,000 | -221,000 | 87,000 | 266,000 | -725,000 | 184,000 | -104,000 | 259,000 | 67,000 | -444,000 | 171,000 | -176,000 | -163,000 | -60,000 | 313,000 | 396,000 | 104,000 | -192,000 | -274,000 | -41,000 | 2,396,000 | -1,466,000 | -2,728,000 | 630,000 | -2,180,000 | -2,213,000 |
increase in cash and cash equivalents | 346,704,000 | 55,091,000 | -49,113,000 | 77,838,000 | -89,747,000 | 49,069,000 | 35,022,000 | -4,960,000 | 12,270,000 | -46,247,000 | -266,498,000 | 253,446,000 | -59,147,000 | 87,879,000 | 4,879,000 | -5,055,000 | 42,976,000 | -16,309,000 | 35,753,000 | -12,916,000 | 596,000 | -20,208,000 | 40,527,000 | 30,235,000 | -3,286,000 | 2,930,000 | 3,065,000 | |||||||||||||||||||
cash and cash equivalents, beginning of period | 199,163,000 | 0 | 0 | 142,712,000 | 0 | 0 | 148,643,000 | 0 | 0 | 57,242,000 | 0 | 0 | 175,688,000 | 0 | 0 | 45,009,000 | 0 | 0 | 24,755,000 | 0 | 0 | 67,754,000 | 0 | 0 | 20,486,000 | 0 | 0 | 17,095,000 | 0 | 0 | 58,651,000 | 0 | 0 | 72,026,000 | ||||||||||||
cash and cash equivalents, end of period | 545,867,000 | -30,867,000 | 18,724,000 | 116,657,000 | -49,113,000 | 77,838,000 | 58,896,000 | 35,022,000 | -4,960,000 | 69,512,000 | -266,498,000 | 253,446,000 | 116,541,000 | 4,879,000 | -5,055,000 | 87,985,000 | -29,099,000 | -16,309,000 | 60,508,000 | 596,000 | -15,105,000 | 52,180,000 | 40,527,000 | 30,235,000 | 17,200,000 | -8,402,000 | 2,930,000 | 20,160,000 | 18,925,000 | -20,854,000 | 56,064,000 | 1,123,000 | -1,571,000 | 65,917,000 | ||||||||||||
supplemental disclosure of cash paid: | ||||||||||||||||||||||||||||||||||||||||||||||
operating lease | 439,000 | 435,000 | ||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash transactions: | ||||||||||||||||||||||||||||||||||||||||||||||
fair value of stock options and pre-funded warrants exercised on a cashless basis | 17,644,000 | |||||||||||||||||||||||||||||||||||||||||||||
depreciation of property, plant and equipment | 611,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred income tax recovery | -1,114,000 | -8,612,000 | 258,000 | 346,000 | -267,000 | -45,000 | -188,000 | -60,000 | -62,000 | |||||||||||||||||||||||||||||||||||||
stock-based compensation | 13,599,000 | 13,002,000 | 14,716,000 | 9,400,000 | 9,182,000 | 8,743,000 | 8,453,000 | 5,994,000 | 5,812,000 | 5,742,000 | 5,208,000 | 3,614,000 | 2,705,000 | 2,643,000 | 2,704,000 | 1,965,000 | 1,610,000 | 1,580,000 | 1,472,000 | 1,015,000 | 1,357,000 | 612,000 | 464,000 | 491,000 | 575,000 | 687,000 | 700,000 | 663,000 | 593,000 | 567,000 | 598,000 | 478,000 | 519,000 | 636,000 | 414,000 | 592,000 | 474,000 | -191,000 | 3,158,000 | 288,000 | 199,000 | |||||
unrealized fair value gain on trading securities | ||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | ||||||||||||||||||||||||||||||||||||||||||||||
purchase of marketable securities | -34,325,000 | -26,872,000 | -32,219,000 | -9,763,000 | -8,148,000 | -5,726,000 | 0 | -32,198,000 | -65,000 | 80,000 | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosure: | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for operating lease | 420,000 | 427,000 | 426,000 | 408,000 | 411,000 | 405,000 | 510,000 | 303,000 | 406,000 | 281,000 | 228,000 | 207,000 | 203,000 | 205,000 | 207,000 | 210,000 | 202,000 | 165,000 | 158,000 | 152,000 | 159,000 | 165,000 | 155,000 | 156,000 | 158,000 | |||||||||||||||||||||
cash received for lease incentives | 224,000 | |||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash transactions: | ||||||||||||||||||||||||||||||||||||||||||||||
fair value of stock options and warrants exercised on a cashless basis | 13,000 | |||||||||||||||||||||||||||||||||||||||||||||
fair value of warrant and pre-funded warrants exercised | ||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash and cash equivalents | -30,867,000 | 18,724,000 | -26,055,000 | -15,574,000 | 18,925,000 | -20,854,000 | -2,587,000 | 1,123,000 | -1,571,000 | -6,109,000 | ||||||||||||||||||||||||||||||||||||
income taxes | 1,645,000 | |||||||||||||||||||||||||||||||||||||||||||||
fair value of stock options exercised on a cashless basis | 2,243,000 | 8,239,000 | 2,085,000 | 2,865,000 | 1,356,000 | 1,497,000 | 2,587,000 | 2,067,000 | 69,000 | 2,479,000 | 635,000 | 406,000 | 1,676,000 | 880,000 | 1,529,000 | 1,766,000 | 259,000 | 876,000 | 448,000 | 9,000 | 2,000 | 293,000 | 583,000 | 345,000 | 2,000 | 7,000 | 36,000 | 176,000 | ||||||||||||||||||
accounts and other receivable | -7,178,000 | |||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure: | ||||||||||||||||||||||||||||||||||||||||||||||
unrealized fair value loss on trading securities | -146,000 | -490,000 | -1,036,000 | -1,878,000 | -2,010,000 | |||||||||||||||||||||||||||||||||||||||||
accounts receivable | -547,000 | -83,000 | -22,000 | 38,000 | -294,000 | 155,000 | 43,000 | 226,000 | 1,515,000 | 7,000 | 390,000 | -155,000 | 481,000 | -332,000 | 2,630,000 | -3,238,000 | -205,000 | 182,000 | -185,000 | -824,000 | -599,000 | -39,000 | -35,000 | 20,000 | -80,000 | -8,000 | 260,000 | 3,000 | -309,000 | 72,000 | -6,000 | 11,000 | 393,000 | 61,000 | -273,000 | -60,000 | -46,000 | -92,000 | 1,027,000 | -996,000 | -58,000 | |||||
proceeds from public offerings | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures: | ||||||||||||||||||||||||||||||||||||||||||||||
fair value of pre-funded warrants exercised | 11,772,000 | 9,383,000 | 7,379,000 | 7,379,000 | ||||||||||||||||||||||||||||||||||||||||||
purchases of property, plant and equipment included in accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
right-of-use asset obtained in exchange for new operating lease liability | ||||||||||||||||||||||||||||||||||||||||||||||
items not involving cash: | ||||||||||||||||||||||||||||||||||||||||||||||
accretion of discounts on marketable securities | ||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 669,000 | 659,000 | 599,000 | 851,000 | 1,734,000 | 602,000 | 354,000 | 515,000 | 358,000 | 375,000 | 376,000 | 270,000 | 209,000 | 231,000 | 196,000 | 202,000 | 171,000 | 167,000 | 104,000 | 146,000 | 104,000 | 100,000 | 79,000 | 141,000 | 143,000 | 152,000 | 150,000 | |||||||||||||||||||
accounts payable and accrued expenses | -1,788,000 | 9,153,000 | -5,018,000 | 2,301,000 | -3,357,000 | 5,581,000 | -594,000 | 6,018,000 | 2,055,000 | 5,788,000 | -5,799,000 | 3,758,000 | -1,271,000 | 3,697,000 | -3,213,000 | 1,900,000 | 1,176,000 | -477,000 | -577,000 | 847,000 | 1,306,000 | 828,000 | 1,560,000 | -136,000 | 1,257,000 | 678,000 | -1,016,000 | 316,000 | -645,000 | 140,000 | 186,000 | -445,000 | 959,000 | 177,000 | -144,000 | -143,000 | 573,000 | 760,000 | -1,110,000 | -96,000 | ||||||
issuance of common shares, net of issuance costs | 0 | 0 | 0 | 102,456,000 | 8,000 | 73,885,000 | 0 | |||||||||||||||||||||||||||||||||||||||
increase in operating lease liability and accounts receivable related to lease incentives claimed in the period | -1,154,000 | -102,000 | 1,482,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
net income | -57,924,000 | -47,931,000 | -3,937,000 | -3,827,000 | -3,763,000 | -4,225,000 | 1,224,000 | |||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange (gain) loss | 114,000 | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred income tax (recovery) expense | 33,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | -2,202,000 | -823,000 | -3,804,000 | -5,246,000 | -11,916,000 | -5,844,000 | 0 | 0 | 0 | -157,000 | -2,356,000 | -3,122,000 | -3,089,000 | -3,055,000 | -3,883,000 | |||||||||||||||||||||||||||||||
issuance of common shares and pre-funded warrants, net of issuance costs | 323,979,000 | 0 | 0 | 269,890,000 | 7,876,000 | |||||||||||||||||||||||||||||||||||||||||
issuance of common shares pursuant to exercise of stock options | 6,000 | 15,000 | 28,000 | 111,000 | 106,000 | 45,000 | 0 | 23,000 | 14,000 | 35,000 | 18,000 | 11,000 | 58,000 | 26,000 | 80,000 | 63,000 | 119,000 | 0 | 0 | 3,000 | 174,000 | 48,000 | ||||||||||||||||||||||||
purchases of property, plant and equipment included in accounts payable and accrued expenses | ||||||||||||||||||||||||||||||||||||||||||||||
increase in operating lease right-of-use asset and operating lease liability related to lease amendments | ||||||||||||||||||||||||||||||||||||||||||||||
interest received | 3,268,000 | 3,098,000 | 2,488,000 | 2,697,000 | 1,827,000 | 1,682,000 | 1,089,000 | 891,000 | 886,000 | 651,000 | 1,057,000 | 867,000 | 1,019,000 | 1,172,000 | 278,000 | 669,000 | 560,000 | 709,000 | 549,000 | 229,000 | 148,000 | 141,000 | 196,000 | 87,000 | 402,000 | 55,000 | 80,000 | 57,000 | 92,000 | 112,000 | 109,000 | 282,000 | 147,000 | 121,000 | ||||||||||||
unrealized foreign exchange gain | -5,000 | -142,000 | 17,000 | -766,000 | -493,000 | -326,000 | ||||||||||||||||||||||||||||||||||||||||
amortization of discount on term loan | 0 | 0 | 79,000 | 137,000 | 137,000 | 133,000 | 130,000 | 125,000 | 128,000 | -8,000 | 92,000 | 72,000 | ||||||||||||||||||||||||||||||||||
loss on repayment of term loan | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
repayment of term loan and repayment fees | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
interest paid | 0 | 0 | 133,000 | 206,000 | 215,000 | 234,000 | 238,000 | 230,000 | 223,000 | 174,000 | 93,000 | 71,000 | ||||||||||||||||||||||||||||||||||
unrealized fair value loss on marketable securities | 1,288,000 | 3,362,000 | ||||||||||||||||||||||||||||||||||||||||||||
unrealized fair value gain on marketable securities | ||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on marketable securities | -20,000 | 18,000 | 74,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common shares and pre-funded warrants, net of issuance costs | 4,730,000 | 0 | 118,615,000 | |||||||||||||||||||||||||||||||||||||||||||
unrealized gain on marketable securities | 224,000 | 304,000 | -251,000 | -281,000 | ||||||||||||||||||||||||||||||||||||||||||
increase in operating lease right-of-use asset and operating lease liability related to lease amendment | ||||||||||||||||||||||||||||||||||||||||||||||
gain on termination of collaboration agreement | 0 | 0 | 0 | -4,398,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of refinanced term loan, net of issuance costs | 0 | |||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred shares in exchange for common shares | 0 | 0 | 0 | 21,825,000 | ||||||||||||||||||||||||||||||||||||||||||
conversion of preferred shares to common shares | 4,200,000 | |||||||||||||||||||||||||||||||||||||||||||||
termination of teva agreement through cancellation of common shares | 0 | 0 | 0 | 4,470,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of second tranche under term loan, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses, and other current assets | 133,000 | 389,000 | 541,000 | -1,276,000 | 242,000 | -435,000 | 370,000 | -347,000 | 186,000 | 404,000 | -680,000 | 885,000 | 284,000 | 82,000 | -1,529,000 | 94,000 | 1,000 | 220,000 | -546,000 | |||||||||||||||||||||||||||
prepaid expenses, long term | 0 | 0 | 230,000 | -12,000 | 67,000 | -16,000 | 139,000 | 606,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of term loan, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||
fair value of options exercised on a cashless basis | 0 | 0 | 6,000 | 19,000 | 236,000 | 164,000 | 200,000 | 355,000 | 120,000 | 69,000 | ||||||||||||||||||||||||||||||||||||
depreciation and amortization | 168,000 | 169,000 | 165,000 | 166,000 | 167,000 | 249,000 | 282,000 | 284,000 | 262,000 | 285,000 | 207,000 | 205,000 | ||||||||||||||||||||||||||||||||||
deferred tenant inducements | -16,000 | -15,000 | -16,000 | -16,000 | -16,000 | -15,000 | -16,000 | -16,000 | -16,000 | |||||||||||||||||||||||||||||||||||||
deferred financing fees | ||||||||||||||||||||||||||||||||||||||||||||||
issuance of common shares on conversion of subscription rights | 92,000 | |||||||||||||||||||||||||||||||||||||||||||||
financing fees included in accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
conversion of convertible preferred shares into common shares | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common shares | 38,000 | 44,000 | 38,000 | 27,000 | 86,000 | 127,000 | ||||||||||||||||||||||||||||||||||||||||
gain on write-off of assets | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash compensation on issuance of subscription rights | ||||||||||||||||||||||||||||||||||||||||||||||
sale of property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||
note payable | ||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||
loss on write-off of assets | ||||||||||||||||||||||||||||||||||||||||||||||
interest accrued on note payable | ||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange loss | 20,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common shares, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||
gain on write-off and disposal of assets | ||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental information: | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash transactions: | ||||||||||||||||||||||||||||||||||||||||||||||
fair value of stock options transferred from additional paid-in capital to share capital on exercise |
