10-Q Filing

IOVANCE BIOTHERAPEUTICS, INC. CIK: 1425205 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-057663`
Period End Date	20180930
Filing Date	20181106
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	iova-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 36 Cash Flow Statement 58 Comprehensive Income 12

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$145.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$163.38M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	-	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	$179.26M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.92M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.86M	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`	$265.86M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.64M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Long-term assets	`OtherAssetsNoncurrent`	$3.63M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	73.16M	shares	Point-in-time
Long-term assets	`OtherAssetsNoncurrent`	$2.33M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	97.43M	shares	Point-in-time
Total Assets	`Assets`	$270.83M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	97.43M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	73.16M	shares	Point-in-time
Total Assets	`Assets`	$155.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.23M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.66M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$10.66M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$16.67M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.89M	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, 97,425,721 and 73,164,914 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, $0.000041666 par value; 150,000,000 shares authorized, 97,425,721 and 73,164,914 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-120.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$394.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$594.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-340.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-249.18M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$145.48M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$254.16M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$155.37M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$270.83M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$16.68M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$50.92M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$27.95M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$72.41M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$20.91M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.66M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$15.89M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.11M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$93.31M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$35.06M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$22.34M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$66.81M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-66.81M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-22.34M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-35.06M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-93.31M	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$194.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$2.31M	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$596.00K	USD	3 Qtrs
Interest income, net	`InvestmentIncomeInterest`	$1.23M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-91.00M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-22.15M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-66.21M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-33.83M	USD	1 Quarter
Net Loss Per Common Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.36	USD	1 Quarter
Net Loss Per Common Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.35	USD	1 Quarter
Net Loss Per Common Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-1.01	USD	3 Qtrs
Net Loss Per Common Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-1.06	USD	3 Qtrs
Weighted Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63,332.00	shares	1 Quarter
Weighted Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	95,077.00	shares	1 Quarter
Weighted Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	62,697.00	shares	3 Qtrs
Weighted Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	89,927.00	shares	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-91.00M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-22.15M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-66.21M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-33.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$704.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$710.00K	USD	3 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-9.00K	USD	3 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	3 Qtrs
Accretion and amortization of discounts and premiums on investments	`AmortizationOfDebtDiscountPremium`	$-388.00K	USD	3 Qtrs
Accretion and amortization of discounts and premiums on investments	`AmortizationOfDebtDiscountPremium`	$19.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.60M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$9.21M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$14.84M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.40M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.95M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$644.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.15M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.78M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.33M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.00M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-69.70M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.74M	USD	3 Qtrs
Maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	-	USD	3 Qtrs
Maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$59.70M	USD	3 Qtrs
Purchase of short-term investments	`PaymentsToAcquireAvailableForSaleSecurities`	$178.99M	USD	3 Qtrs
Purchase of short-term investments	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$903.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.09M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-179.90M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$58.62M	USD	3 Qtrs
Tax payments related to shares withheld for vested restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$181.00K	USD	3 Qtrs
Tax payments related to shares withheld for vested restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.20M	USD	3 Qtrs
Proceeds from the issuance of common stock upon exercise of warrants	`ProceedsFromWarrantExercises`	$388.00K	USD	3 Qtrs
Proceeds from the issuance of common stock upon exercise of warrants	`ProceedsFromWarrantExercises`	$14.68M	USD	3 Qtrs
Proceeds from the issuance of common stock upon exercise of options	`ProceedsFromStockOptionsExercised`	$8.37M	USD	3 Qtrs
Proceeds from the issuance of common stock upon exercise of options	`ProceedsFromStockOptionsExercised`	$2.55M	USD	3 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$54.05M	USD	3 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$162.09M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$55.79M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$184.96M	USD	3 Qtrs
Net (decrease) / increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$56.66M	USD	3 Qtrs
Net (decrease) / increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-64.64M	USD	3 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$145.37M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$80.74M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$106.72M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$163.38M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$145.37M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$80.74M	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`	$163.38M	USD	Point-in-time
Unrealized loss on short-term investments	`UnrealizedGainLossOnShorttermInvestments`	$-120.00K	USD	3 Qtrs
Unrealized loss on short-term investments	`UnrealizedGainLossOnShorttermInvestments`	$-29.00K	USD	3 Qtrs
Acquisitions of property and equipment included in accounts payable	`LeaseholdImprovementsPaidByLandlord`	-	USD	3 Qtrs
Acquisitions of property and equipment included in accounts payable	`LeaseholdImprovementsPaidByLandlord`	$-155.00K	USD	3 Qtrs
Offering costs under accounts payable and accrued expenses	`OfferingCostsUnderAccountsPayableAndAccruedExpenses`	-	USD	3 Qtrs
Offering costs under accounts payable and accrued expenses	`OfferingCostsUnderAccountsPayableAndAccruedExpenses`	$235.00K	USD	3 Qtrs
Conversion of convertible preferred stock to common stock	`ConversionOfStockAmountConverted1`	$1.00K	USD	3 Qtrs
Conversion of convertible preferred stock to common stock	`ConversionOfStockAmountConverted1`	-	USD	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-91.00M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-22.15M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-66.21M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-33.83M	USD	1 Quarter
Unrealized loss on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-29.00K	USD	3 Qtrs
Unrealized loss on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-117.00K	USD	1 Quarter
Unrealized loss on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized loss on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-120.00K	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-91.12M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-66.24M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-22.15M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-33.95M	USD	1 Quarter

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