10-Q Filing

IOVANCE BIOTHERAPEUTICS, INC. CIK: 1425205 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-042241`
Period End Date	20180630
Filing Date	20180807
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	iova-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 36 Cash Flow Statement 56 Comprehensive Income 12

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$246.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$145.37M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	-	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	$30.08M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.68M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.92M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$149.29M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$279.78M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.45M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.71M	USD	Point-in-time
Long-term assets	`OtherAssetsNoncurrent`	$2.26M	USD	Point-in-time
Long-term assets	`OtherAssetsNoncurrent`	$3.63M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	73.16M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	92.74M	shares	Point-in-time
Total Assets	`Assets`	$155.37M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	73.16M	shares	Point-in-time
Total Assets	`Assets`	$284.75M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	92.74M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.23M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.99M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.66M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.89M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$14.18M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.000041666 par value; 150,000,000 shares authorized, 92,741,672 and 73,164,914 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $0.000041666 par value; 150,000,000 shares authorized, 92,741,672 and 73,164,914 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$576.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$394.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-249.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-306.36M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$145.48M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$270.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$284.75M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$155.37M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$34.24M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$44.46M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$18.65M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$24.55M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.83M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$13.79M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.93M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$10.22M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$23.58M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$58.26M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$44.46M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$31.38M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-31.38M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-58.26M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-23.58M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-44.46M	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$1.08M	USD	2 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$204.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$718.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$403.00K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-57.17M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-44.06M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-23.38M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-30.66M	USD	1 Quarter
Net Loss Per Common Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.65	USD	2 Qtrs
Net Loss Per Common Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.71	USD	2 Qtrs
Net Loss Per Common Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.37	USD	1 Quarter
Net Loss Per Common Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	1 Quarter
Weighted Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	62,457.00	shares	1 Quarter
Weighted Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	90,236.00	shares	1 Quarter
Weighted Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	87,310.00	shares	2 Qtrs
Weighted Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	62,371.00	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-57.17M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-44.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-23.38M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-30.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$464.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$453.00K	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-9.00K	USD	2 Qtrs
Accretion and amortization of discounts and premiums on investments	`AmortizationOfDebtDiscountPremium`	$-1.00K	USD	2 Qtrs
Accretion and amortization of discounts and premiums on investments	`AmortizationOfDebtDiscountPremium`	$37.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$9.33M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.20M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$6.59M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.60M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.38M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.99M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.69M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$326.00K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.06M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-41.77M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.30M	USD	2 Qtrs
Maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$44.95M	USD	2 Qtrs
Maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	-	USD	2 Qtrs
Purchase of short-term investments	`PaymentsToAcquireAvailableForSaleSecurities`	$30.08M	USD	2 Qtrs
Purchase of short-term investments	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$440.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$823.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$44.13M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.52M	USD	2 Qtrs
Tax payments related to shares withheld for vested restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.16M	USD	2 Qtrs
Tax payments related to shares withheld for vested restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$122.00K	USD	2 Qtrs
Proceeds from the issuance of common stock upon exercise of warrants	`ProceedsFromWarrantExercises`	$4.14M	USD	2 Qtrs
Proceeds from the issuance of common stock upon exercise of warrants	`ProceedsFromWarrantExercises`	$250.00K	USD	2 Qtrs
Proceeds from the issuance of common stock upon exercise of options	`ProceedsFromStockOptionsExercised`	$6.83M	USD	2 Qtrs
Proceeds from the issuance of common stock upon exercise of options	`ProceedsFromStockOptionsExercised`	$646.00K	USD	2 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$162.09M	USD	2 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-265.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$172.94M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.57M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$100.64M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$106.72M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$114.28M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$246.02M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$145.37M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$106.72M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$114.28M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$246.02M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$145.37M	USD	Point-in-time
Unrealized loss on short-term investments	`UnrealizedGainLossOnShorttermInvestments`	$-29.00K	USD	2 Qtrs
Unrealized loss on short-term investments	`UnrealizedGainLossOnShorttermInvestments`	$-3.00K	USD	2 Qtrs
Acquisitions of property and equipment included in accounts payable	`LeaseholdImprovementsPaidByLandlord`	$-155.00K	USD	2 Qtrs
Acquisitions of property and equipment included in accounts payable	`LeaseholdImprovementsPaidByLandlord`	$-278.00K	USD	2 Qtrs
Conversion of convertible preferred stock to common stock	`ConversionOfStockAmountConverted1`	$1.00K	USD	2 Qtrs
Conversion of convertible preferred stock to common stock	`ConversionOfStockAmountConverted1`	-	USD	2 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-57.17M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-44.06M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-23.38M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-30.66M	USD	1 Quarter
Unrealized loss on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-29.00K	USD	2 Qtrs
Unrealized loss on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.00K	USD	1 Quarter
Unrealized loss on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.00K	USD	1 Quarter
Unrealized loss on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.00K	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-30.66M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-23.38M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-44.09M	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-57.18M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.