(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Exhibit | Description | |||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
AERIE PHARMACEUTICALS, INC. | ||||||||||||||||||||
November 3, 2022 | By: | /s/ Peter Lang | ||||||||||||||||||
Peter Lang | ||||||||||||||||||||
Chief Financial Officer | ||||||||||||||||||||
SEPTEMBER 30, 2022 | DECEMBER 31, 2021 | ||||||||||
Assets | |||||||||||
Current assets | |||||||||||
Cash and cash equivalents | $ | 54,093 | $ | 37,187 | |||||||
Short-term investments | 118,371 | 102,614 | |||||||||
Accounts receivable, net | 73,881 | 68,828 | |||||||||
Inventory | 46,762 | 40,410 | |||||||||
Licensing receivable | — | 90,000 | |||||||||
Prepaid expenses and other current assets | 9,706 | 16,611 | |||||||||
Total current assets | 302,813 | 355,650 | |||||||||
Property, plant, and equipment, net | 50,296 | 51,472 | |||||||||
Operating lease right-of-use-assets | 20,760 | 22,669 | |||||||||
Other assets | 1,721 | 1,600 | |||||||||
Total assets | $ | 375,590 | $ | 431,391 | |||||||
Liabilities and Stockholders’ Deficit | |||||||||||
Current liabilities | |||||||||||
Accounts payable | $ | 9,062 | $ | 8,285 | |||||||
Accrued expenses and other current liabilities | 119,398 | 112,341 | |||||||||
Operating lease liabilities | 4,873 | 4,365 | |||||||||
Total current liabilities | 133,333 | 124,991 | |||||||||
Convertible notes, net | 312,588 | 234,527 | |||||||||
Deferred revenue, non-current | 70,881 | 64,315 | |||||||||
Operating lease liabilities, non-current | 19,525 | 21,751 | |||||||||
Other non-current liabilities | 3,245 | 3,140 | |||||||||
Total liabilities | 539,572 | 448,724 | |||||||||
Stockholders’ deficit | |||||||||||
Common stock | 49 | 48 | |||||||||
Additional paid-in capital | 1,024,809 | 1,136,656 | |||||||||
Accumulated other comprehensive loss | (803) | (126) | |||||||||
Accumulated deficit | (1,188,037) | (1,153,911) | |||||||||
Total stockholders’ deficit | (163,982) | (17,333) | |||||||||
Total liabilities and stockholders’ deficit | $ | 375,590 | $ | 431,391 |
THREE MONTHS ENDED SEPTEMBER 30, | NINE MONTHS ENDED SEPTEMBER 30, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Product revenues, net | $ | 36,129 | $ | 29,313 | $ | 99,275 | $ | 79,468 | |||||||||||||||
Total revenues, net | 36,129 | 29,313 | 99,275 | 79,468 | |||||||||||||||||||
Costs and expenses: | |||||||||||||||||||||||
Cost of goods sold | 6,929 | 7,899 | 17,450 | 20,776 | |||||||||||||||||||
Selling, general, and administrative | 33,878 | 34,656 | 93,551 | 101,796 | |||||||||||||||||||
Research and development | 21,994 | 19,132 | 66,726 | 54,990 | |||||||||||||||||||
Total costs and expenses | 62,801 | 61,687 | 177,727 | 177,562 | |||||||||||||||||||
Loss from operations | (26,672) | (32,374) | (78,452) | (98,094) | |||||||||||||||||||
Other expense, net | (59) | (7,259) | (2,800) | (22,142) | |||||||||||||||||||
Loss before income taxes | (26,731) | (39,633) | (81,252) | (120,236) | |||||||||||||||||||
Income tax expense | 95 | 58 | 836 | 107 | |||||||||||||||||||
Net loss | $ | (26,826) | $ | (39,691) | $ | (82,088) | $ | (120,343) | |||||||||||||||
Net loss per common share—basic and diluted | $ | (0.56) | $ | (0.86) | $ | (1.72) | $ | (2.60) | |||||||||||||||
Weighted average number of common shares outstanding—basic and diluted | 47,819,936 | 46,342,905 | 47,635,854 | 46,217,404 | |||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, | NINE MONTHS ENDED SEPTEMBER 30, | |||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||
Net loss (GAAP) | $ | (26,826) | $ | (39,691) | $ | (82,088) | $ | (120,343) | ||||||||||||||||||
Add-back: stock-based compensation expense | 3,642 | 6,613 | 12,232 | 23,358 | ||||||||||||||||||||||
Add-back: Merger-related costs(1) | 10,055 | — | 10,352 | — | ||||||||||||||||||||||
Adjusted net loss | $ | (13,129) | $ | (33,078) | $ | (59,504) | $ | (96,985) | ||||||||||||||||||
Cost of goods sold (GAAP) | $ | 6,929 | $ | 7,899 | $ | 17,450 | $ | 20,776 | ||||||||||||||||||
Less: stock-based compensation expense | (140) | (287) | (372) | (1,225) | ||||||||||||||||||||||
Adjusted cost of goods sold | $ | 6,789 | $ | 7,612 | $ | 17,078 | $ | 19,551 | ||||||||||||||||||
Selling, general, and administrative expenses (GAAP) | $ | 33,878 | $ | 34,656 | $ | 93,551 | $ | 101,796 | ||||||||||||||||||
Less: stock-based compensation expense | (2,490) | (4,385) | (8,260) | (16,238) | ||||||||||||||||||||||
Less: Merger-related costs | (10,055) | — | (10,352) | — | ||||||||||||||||||||||
Adjusted selling, general, and administrative expenses | $ | 21,333 | $ | 30,271 | $ | 74,939 | $ | 85,558 | ||||||||||||||||||
Research and development expenses (GAAP) | $ | 21,994 | $ | 19,132 | $ | 66,726 | $ | 54,990 | ||||||||||||||||||
Less: stock-based compensation expense | (1,012) | (1,941) | (3,600) | (5,895) | ||||||||||||||||||||||
Adjusted research and development expenses | $ | 20,982 | $ | 17,191 | $ | 63,126 | $ | 49,095 | ||||||||||||||||||
Total operating expenses (GAAP) | $ | 55,872 | $ | 53,788 | $ | 160,277 | $ | 156,786 | ||||||||||||||||||
Less: stock-based compensation expense | (3,502) | (6,326) | (11,860) | (22,133) | ||||||||||||||||||||||
Less: Merger-related costs | (10,055) | — | (10,352) | — | ||||||||||||||||||||||
Adjusted total operating expenses | $ | 42,315 | $ | 47,462 | $ | 138,065 | $ | 134,653 |
THREE MONTHS ENDED SEPTEMBER 30, | NINE MONTHS ENDED SEPTEMBER 30, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Net loss per common share—basic and diluted (GAAP) | $ | (0.56) | $ | (0.86) | $ | (1.72) | $ | (2.60) | |||||||||||||||
Add-back: stock-based compensation expense | 0.08 | 0.14 | 0.25 | 0.50 | |||||||||||||||||||
Add-back: Merger-related costs | 0.21 | — | 0.22 | — | |||||||||||||||||||
Adjusted net loss per share—basic and diluted (Non-GAAP) | $ | (0.27) | $ | (0.72) | $ | (1.25) | $ | (2.10) | |||||||||||||||
Weighted average number of common shares outstanding—basic and diluted | 47,819,936 | 46,342,905 | 47,635,854 | 46,217,404 | |||||||||||||||||||
(/"XDE^U1A+JP4[9E967SK?\ WF7
Cover Page |
Nov. 03, 2022 |
---|---|
Cover [Abstract] | |
Pre-commencement Issuer Tender Offer | false |
Pre-commencement Tender Offer | false |
Soliciting Material | false |
Written Communications | false |
Document Type | 8-K |
Entity Incorporation, State or Country Code | DE |
Entity Central Index Key | 0001337553 |
Amendment Flag | false |
Entity File Number | 001-36152 |
Entity Tax Identification Number | 20-3109565 |
Document Period End Date | Nov. 01, 2022 |
Entity Registrant Name | Aerie Pharmaceuticals, Inc. |
Entity Address, Address Line One | 4301 Emperor Boulevard, Suite 400 |
Entity Address, City or Town | Durham |
Entity Address, State or Province | NC |
Entity Address, Postal Zip Code | 27703 |
City Area Code | 919 |
Local Phone Number | 237-5300 |
Title of 12(b) Security | Common stock, par value $0.001 per share |
Trading Symbol | AERI |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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