10-Q Filing

IOVANCE BIOTHERAPEUTICS, INC. CIK: 1425205 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-007449`
Period End Date	20220331
Filing Date	20220505
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	iova-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 20 Cash Flow Statement 56 Stockholders Equity 17 Comprehensive Income 6

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$78.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.36M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$389.83M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$426.18M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.78M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.55M	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$507.96M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$489.97M	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$100.94M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$102.76M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$73.47M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	157.17M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	157.00M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$68.98M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	157.17M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	157.00M	shares	Point-in-time
Long-term investments	`LongTermInvestments`	$27.70M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$91.59M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$6.08M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$6.08M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$6.08M	USD	Point-in-time
Long-term assets	`OtherAssetsNoncurrent`	$1.78M	USD	Point-in-time
Long-term assets	`OtherAssetsNoncurrent`	$1.27M	USD	Point-in-time
Total Assets	`Assets`	$777.33M	USD	Point-in-time
Total Assets	`Assets`	$701.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.38M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$56.77M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$48.91M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$7.71M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$5.06M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$89.20M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$77.08M	USD	Point-in-time
Operating lease liabilities - noncurrent	`OperatingLeaseLiabilityNoncurrent`	$71.18M	USD	Point-in-time
Operating lease liabilities - noncurrent	`OperatingLeaseLiabilityNoncurrent`	$65.47M	USD	Point-in-time
Long-term note payable	`LongTermNotesPayable`	$1.00M	USD	Point-in-time
Long-term note payable	`LongTermNotesPayable`	$1.00M	USD	Point-in-time
Total Non-Current Liabilities	`LiabilitiesNoncurrent`	$66.47M	USD	Point-in-time
Total Non-Current Liabilities	`LiabilitiesNoncurrent`	$72.18M	USD	Point-in-time
Total Liabilities	`Liabilities`	$149.26M	USD	Point-in-time
Total Liabilities	`Liabilities`	$155.67M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.000041666 par value; 300,000,000 shares authorized, 157,168,321 and 157,004,742 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$7.00K	USD	Point-in-time
Common stock, $0.000041666 par value; 300,000,000 shares authorized, 157,168,321 and 157,004,742 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$7.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-601.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.79B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.82B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.26B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.17B	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$647.43M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$621.66M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$551.99M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$656.50M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$777.33M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$701.25M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Research and development expenses	`ResearchAndDevelopmentExpense`	$55.95M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$68.30M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$19.62M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$23.41M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$75.57M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$91.71M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-75.57M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-91.71M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$106.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$121.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-75.45M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-91.61M	USD	1 Quarter
Net Loss Per Share of Common Stock, Basic	`EarningsPerShareBasic`	$-0.51	USD	1 Quarter
Net Loss Per Share of Common Stock, Basic	`EarningsPerShareBasic`	$-0.58	USD	1 Quarter
Net Loss Per Share of Common Stock, Diluted	`EarningsPerShareDiluted`	$-0.58	USD	1 Quarter
Net Loss Per Share of Common Stock, Diluted	`EarningsPerShareDiluted`	$-0.51	USD	1 Quarter
Weighted Average Shares of Common Stock Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	157,113.00	shares	1 Quarter
Weighted Average Shares of Common Stock Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	147,370.00	shares	1 Quarter
Weighted Average Shares of Common Stock Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	147,370.00	shares	1 Quarter
Weighted Average Shares of Common Stock Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	157,113.00	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-75.45M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.61M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$16.94M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$22.27M	USD	1 Quarter
Amortization of right of use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$2.40M	USD	1 Quarter
Amortization of right of use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$3.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$372.00K	USD	1 Quarter
Accretion (amortization) of discounts and premiums on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-2.07M	USD	1 Quarter
Accretion (amortization) of discounts and premiums on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-541.00K	USD	1 Quarter
Loss on write-off of fixed assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$314.00K	USD	1 Quarter
Loss on write-off of fixed assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Prepaid expenses, other assets and long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.71M	USD	1 Quarter
Prepaid expenses, other assets and long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.07M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-1.37M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$690.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.16M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.27M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-73.80M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-62.39M	USD	1 Quarter
Maturities of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$158.29M	USD	1 Quarter
Maturities of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$143.51M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$70.37M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$45.55M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.71M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.44M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$86.52M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$77.21M	USD	1 Quarter
Proceeds from the issuance of common stock upon exercise of options	`ProceedsFromStockOptionsExercised`	$6.48M	USD	1 Quarter
Proceeds from the issuance of common stock upon exercise of options	`ProceedsFromStockOptionsExercised`	$1.42M	USD	1 Quarter
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$42.88M	USD	1 Quarter
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from the issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.00M	USD	1 Quarter
Proceeds from the issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.36M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.42M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$14.13M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$65.18M	USD	1 Quarter
Cash, Cash Equivalents and Restricted Cash Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.85M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$98.44M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$84.31M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$138.04M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.85M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$98.44M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$84.31M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$138.04M	USD	Point-in-time
Net unrealized (loss) gain on short-term investments	`UnrealizedGainLossOnInvestments`	$77.00K	USD	1 Quarter
Net unrealized (loss) gain on short-term investments	`UnrealizedGainLossOnInvestments`	$-1.74M	USD	1 Quarter
Acquisition of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$4.90M	USD	1 Quarter
Acquisition of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$8.35M	USD	1 Quarter
Conversion of convertible preferred stock to common stock	`ConversionOfStockAmountConverted1`	$1.00K	USD	1 Quarter
Conversion of convertible preferred stock to common stock	`ConversionOfStockAmountConverted1`	-	USD	1 Quarter
Lease liabilities arising from obtaining right-of-use asset from lease modifications	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityFromLeaseModifications`	$7.67M	USD	1 Quarter
Lease liabilities arising from obtaining right-of-use asset from lease modifications	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityFromLeaseModifications`	-	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$647.43M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$621.66M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$551.99M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$656.50M	USD	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$22.27M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.94M	USD	1 Quarter
Common stock issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.42M	USD	1 Quarter
Common stock issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.48M	USD	1 Quarter
Common stock sold in public offering, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$42.88M	USD	1 Quarter
Unrealized (loss) income on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.74M	USD	1 Quarter
Unrealized (loss) income on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$77.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-75.45M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.61M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$647.43M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$621.66M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$551.99M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$656.50M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-75.45M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-91.61M	USD	1 Quarter
Unrealized (loss) income on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.74M	USD	1 Quarter
Unrealized (loss) income on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$77.00K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-75.37M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-93.35M	USD	1 Quarter

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