XML 34 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Total revenues $ 0 $ 0 $ 0 $ 868
Costs and Expenses:        
Costs of goods sold 0 0 0 47
Research and development 68,958 38,239 180,053 94,685
Sales and marketing 5,933 5,799 20,160 11,204
General and administrative 11,880 13,131 33,374 42,124
Total costs and expenses 86,771 57,169 233,587 148,060
Operating loss (86,771) (57,169) (233,587) (147,192)
Changes in fair market value of warrant liabilities 0 1,218 0 (47,808)
Interest expense (9,747) (10,142) (30,331) (30,476)
Interest and other income 2,195 1,694 6,238 6,389
Insurance reimbursement 0 190 0 2,462
Foreign currency transaction loss, net 0 0 0 (26)
Loss before income tax (94,323) (64,209) (257,680) (216,651)
Income tax expense 0 0 0 (156)
Net loss (94,323) (64,209) (257,680) (216,807)
Net loss attributable to noncontrolling interest (31) (40) (98) (63)
Net loss attributable to Immunomedics, Inc. stockholders $ (94,292) $ (64,169) $ (257,582) $ (216,744)
Loss per common share attributable to Immunomedics, Inc. stockholders (basic and diluted) (in usd per share) $ (0.49) $ (0.34) $ (1.34) $ (1.24)
Weighted average shares used to calculated loss per common share (basic and diluted) (in shares) 191,981 186,937 191,596 174,752
Other comprehensive (loss) income, net of tax:        
Foreign currency translation adjustments $ (45) $ 4 $ 141 $ (12)
Unrealized (loss) gain on securities available for sale (191) 15 (391) 79
Other comprehensive (loss) income, net of tax: (236) 19 (250) 67
Comprehensive loss (94,559) (64,190) (257,930) (216,740)
Comprehensive loss attributable to noncontrolling interest (31) (40) (98) (63)
Comprehensive loss attributable to Immunomedics, Inc. stockholders (94,528) (64,150) (257,832) (216,677)
Product sales        
Total revenues 0 0 0 450
License fee and other revenues        
Total revenues 0 0 0 265
Research and development        
Total revenues $ 0 $ 0 $ 0 $ 153