Quotient ltd (QTNT)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13
Revenue:
Total revenue

7,941

7,846

8,169

8,281

6,723

6,247

7,883

6,137

5,859

5,910

6,826

5,525

4,841

6,144

5,717

5,045

4,354

4,273

4,850

3,902

4,062

4,527

5,917

4,655

3,910

4,515

6,675

Cost of revenue

4,532

3,970

4,563

4,427

4,186

4,552

4,065

2,528

2,325

2,786

2,832

2,390

2,602

2,761

3,091

2,558

2,225

2,124

2,751

2,402

2,204

2,706

2,451

2,135

1,941

2,275

2,055

Gross profit

3,409

3,876

3,606

3,854

2,537

1,695

3,818

3,609

3,534

3,124

3,994

3,135

2,239

3,383

2,626

2,487

2,129

2,149

2,099

1,500

1,858

1,821

3,466

2,520

1,969

2,240

4,620

Operating expenses:
Sales and marketing

2,290

2,253

2,580

2,278

2,233

1,845

2,281

1,886

1,910

1,869

1,682

1,294

1,836

1,273

1,257

723

918

774

658

655

789

609

697

649

826

610

620

Research and development, net of government grants

14,160

13,083

11,653

13,321

11,788

12,998

12,570

13,259

11,929

13,341

12,673

13,585

17,183

14,495

11,801

6,659

6,931

8,381

6,810

5,643

4,453

5,435

3,685

3,149

1,708

1,591

1,618

General and administrative expense:
Compensation expense in respect of share options and management equity incentives

1,196

1,001

1,178

1,382

1,073

1,155

1,347

698

986

1,187

1,285

1,132

1,108

1,083

898

624

566

477

337

324

305

283

226

232

279

223

199

Other general and administrative expenses

8,120

5,980

6,619

7,198

6,471

6,761

6,158

5,693

5,804

4,787

5,260

4,864

4,542

4,043

5,048

7,326

6,493

5,488

4,787

4,638

3,638

3,715

3,264

3,095

1,955

1,807

1,680

Total general and administrative expense

9,316

6,981

7,797

8,580

7,544

7,916

7,505

6,391

6,790

5,974

6,545

5,996

5,650

5,126

5,946

7,950

7,059

5,965

5,124

4,962

3,943

3,998

3,490

3,327

2,234

2,030

1,879

Total operating expense

25,766

22,317

22,030

24,179

21,565

22,759

22,356

21,536

20,629

21,184

20,900

20,875

24,669

20,894

19,004

15,332

14,908

15,120

12,592

11,260

9,185

10,042

7,872

7,125

4,768

4,231

4,117

Operating loss

-22,357

-18,441

-18,424

-20,325

-19,028

-21,064

-18,538

-17,927

-17,095

-18,060

-16,906

-17,740

-22,430

-17,511

-16,378

-12,845

-12,779

-12,971

-10,493

-9,760

-7,327

-8,221

-4,406

-4,605

-2,799

-1,991

503

Other income (expense):
Interest expense, net

-7,008

-7,291

-6,086

-5,404

-5,679

-5,819

-3,116

-3,709

-3,249

-4,197

-4,210

-3,351

-4,168

-1,213

-1,171

-1,159

-1,134

-1,061

-797

-702

-541

-538

-534

-648

-424

-81

77

Change in financial liability for share warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-3,830

-10,256

-1,771

-10,615

34,565

2,595

-3,579

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

Other, net

1,894

-1,244

952

-853

-1,536

-468

-3,512

888

33

565

880

781

-4,568

1,366

1,314

4,491

305

-657

-635

-2,574

130

-365

-1,255

-37

-45

-7

-108

Other expense, net

-5,114

-8,535

-5,134

-6,257

-7,215

-6,287

-6,628

-2,821

-3,216

-3,632

-3,330

-2,570

-8,736

153

143

3,332

3,001

8,538

339

7,339

-34,976

-3,498

1,790

-

-469

-88

-

Loss before income taxes

-27,471

-26,976

-23,558

-26,582

-26,243

-27,351

-25,166

-20,748

-20,311

-21,692

-20,236

-20,310

-31,166

-17,358

-16,235

-9,513

-9,778

-4,433

-10,154

-2,421

-42,303

-11,719

-2,616

-5,213

-3,268

-2,079

395

Provision for income taxes

14

14

13

11

11

11

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net loss

-27,485

-26,990

-23,571

-26,593

-26,254

-27,362

-25,177

-20,099

-20,311

-21,692

-20,236

-20,310

-31,166

-17,358

-16,235

-9,513

-9,778

-4,433

-10,154

-2,421

-42,303

-11,719

-2,616

-5,213

-3,268

-2,079

395

Other comprehensive income (loss):
Change in fair value of foreign currency cash flow hedges

487

-158

-120

197

41

-29

-332

-104

-64

128

345

142

29

29

-263

-111

-89

-17

226

-5

-35

-159

-94

-

-

-

-

Change in unrealized gain on short-term investments

148

47

147

380

169

221

26

-19

-7

-6

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency gain (loss)

254

-11

-1,014

1,410

-176

373

357

1,097

-168

-504

1,815

-1,719

-594

-594

-3,308

-2,731

-1,491

-1,561

2,755

-2,403

-1,219

-1,865

373

-268

186

332

147

Provision for pension benefit obligation

-48

-48

-48

994

-35

-36

-36

25

-45

-44

-43

543

-46

-46

-41

2,755

0

0

1,747

-

-

-

-

-

-

-

-

Other comprehensive income (loss), net

937

-74

-939

993

69

601

87

949

-194

-338

2,241

-2,101

-519

-519

-3,530

-5,597

-1,580

-1,578

1,234

-2,408

-1,254

-2,024

279

-569

186

332

542

Comprehensive loss

-26,548

-27,064

-24,510

-25,600

-26,185

-26,761

-25,090

-19,150

-20,505

-22,030

-17,995

-22,411

-31,685

-17,877

-19,765

-15,110

-11,358

-6,011

-8,920

-4,829

-43,557

-13,743

-2,337

-5,387

-3,082

-1,747

542

Net profit (loss) available to ordinary shareholders

-27,485

-26,990

-23,571

-26,593

-26,254

-27,362

-25,177

-20,099

-20,311

-21,692

-20,236

-20,310

-31,166

-17,358

-16,235

-

-

-

-

-

-

-

-

-

-3,267

-2,080

395

Net loss available to ordinary shareholders - basic and diluted

-27,485

-26,990

-23,571

-26,593

-26,254

-27,362

-25,177

-20,099

-20,311

-21,692

-20,236

-20,310

-31,166

-17,358

-16,235

-9,513

-9,778

-4,433

-10,154

-2,421

-42,303

-11,719

-2,616

-5,213

-3,268

-2,079

395

Loss per share - basic and diluted

-0.37

-0.41

-0.36

-0.38

-0.46

-0.53

-0.55

-0.42

-0.47

-0.58

-0.55

-0.70

-1.06

-0.62

-0.64

-0.40

-0.48

-0.25

-0.60

-0.18

-2.80

-0.82

-0.20

-

-3.94

-7.20

-

Weighted-average shares outstanding - basic and diluted

73,768

66,291

66,078

65,022

56,619

52,059

45,796

45,578

43,353

37,657

36,767

29,539

29,508

28,123

25,410

23,392

20,398

17,416

17,025

16,777

15,101

14,376

12,838

-

829

288

-

Net profit (loss) available to ordinary shareholders-diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

395

Earnings (loss) per ordinary share-basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.67

Earnings (loss) per ordinary share-diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.04

Weighted-average shares outstanding-basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

237

Weighted-average shares outstanding-diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,408

Product Sales [Member]
Total revenue

7,636

7,096

8,169

7,831

6,723

6,247

7,864

6,124

5,653

5,910

6,226

4,725

4,841

4,844

5,717

4,545

4,354

4,273

4,850

3,902

3,962

4,527

5,267

4,655

3,910

4,515

3,907

Other Revenues [Member]
Total revenue

305

750

-

450

0

0

19

13

206

0

600

-

-

1,300

-

-

-

-

-

0

100

0

650

0

0

0

2,768