Vaxart, Inc. VXRT Cash Flow

Vaxart, inc. (VXRT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net loss
-1,297	-6,409	-5,260	-5,637	-1,339	-4,902	-6,548	-8,871	2,314	-3,400	-5,300	-3,538	-2,796	-9,100	-10,000	-7,000	-5,200	-6,600	-6,600	-19,900	1,200	6,500	-6,900	-10,200	3,200	-100	-3,900	-6,500	200	4,600	-7,200	-2,733	-436	-11,330	78	-4,599	1,980
Adjustments to reconcile net loss to net cash used in operating activities:
Bargain purchase gain
-	-	-	-	-	100	0	-328	6,988	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
580	742	757	997	1,100	824	942	926	511	85	92	106	97	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18	0	0	-29
Income from discontinued operations, net of tax provision
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	991	-	-	-	-
Net loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,090	-2,733	-1,427	-1,990	-2,904	-4,599	1,980
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	300	400	400	1,000	400	500	500	600	900	900	600	17	17	1,497	20	45	65
Non-cash intra-period tax allocation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-671	-	-	-	-
Stock-based compensation
96	137	146	180	164	152	183	118	86	300	500	129	124	500	400	400	400	600	600	500	600	600	400	300	500	600	300	300	400	1,700	200	658	976	-517	796	645	570
Loss on revaluation of financial instruments
-	-	-	-	-	0	0	0	-3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount on short-term investments
-	-	-	-	-	-	-	-	-	4	8	7	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on revaluation of financial instruments, net
-	-	-	-	-	-	-	-	-	2,381	464	321	181	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest expense
-	-5	29	29	35	40	42	43	323	639	638	629	651	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of note discount
-	-	-	-	-	0	0	0	18	37	36	35	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash royalty revenue related to sale of future royalties
-	-	-	-	-	-	-	-	-	-	100	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest expense related to sale of future royalties
491	513	500	516	544	561	532	468	298	400	400	400	500	500	400	300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest expense related to sale of future royalties
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash revenue related to sale of future royalties
2,769	335	15	1,748	1,384	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,100	0	-500	100	-	-	-	-	-	-
Change in operating assets and liabilities:
Accounts receivable
-956	3,060	524	-5,549	3,788	1,540	-305	-12,788	-1,947	200	-500	-1,275	770	1,400	0	-9,400	5,000	1,900	-9,400	-400	-3,800	-1,400	-600	-18,200	8,600	14,700	2,000	-4,500	3,300	4,200	1,200	-	-	-	-	-	-
Receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-128	-867	104	165	-5,754	5,450
Prepaid expenses and other assets
690	-691	366	-430	-100	457	-32	-21	469	200	-400	-150	187	-1,100	1,200	1,300	-100	700	200	-300	-100	500	-200	-100	-100	-300	-900	200	-700	1,000	100	83	-279	1,242	-1,121	386	31
Accounts payable
-55	-198	483	-163	-184	-289	-236	-162	-3,097	601	-511	-225	-1,424	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other accrued liabilities
-520	-	-	-	99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities
-	-	-	-	-	-2	-698	-157	-5,536	-144	-108	6	169	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,560	419	-924	-3,483	-1,256	1,380	-2,499
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	0	0	-200	-300	-200	500	-100	-631	-632	984	-631	-3,267	-3,267
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	1,000	-900	-500	-4,200	1,700	-300	-600	2,700	-500	-2,300	3,300	-5,400	-8,000	-5,700	100	6,300	5,200	-1,000	4,400	-1,800	-2,500	2,700	-	-	-	-	-	-
Accrued severance obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-600	1,200	-1,200	-200	-800	-1,400	-500	-500	0	-	-	-	-	-	-
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,100	-7,000	-9,100	900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-3,208	-3,792	-4,328	-317	-4,653	-5,702	-5,358	7,102	-10,590	-4,700	-4,500	-1,747	-4,276	-9,000	-10,700	-	-	-	-	-	800	1,000	-11,600	-	700	-8,400	-6,200	2,500	-3,600	-7,600	-5,200	-2,225	-1,515	-7,582	-5,428	-428	-8,603
Cash flows from investing activities:
Purchase of property and equipment
4	12	127	159	552	195	173	199	140	41	-19	16	79	-	-	-	-	-	-	-	-	-	-	-100	100	0	100	500	100	200	200	-	-	-	-	-	-
Call redemption of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales and maturities of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1	2,080	6,944	7,645	38,199	13,836
Proceeds from sale of equipment
3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash acquired in reverse merger
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash acquired in reverse merger
-	-	-	-	-	0	0	0	25,525	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for fractional shares in merger
-	-	-	-	-	0	0	0	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of short-term investments
-	-	-	-	-	0	0	0	573	0	7,000	1,335	4,430	8,400	0	1,800	7,100	5,200	1,200	7,800	0	0	9,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of short-term investments
-	-	-	-	-	0	0	0	1,988	14,500	13,400	2,398	3,665	9,700	6,900	1,200	5,900	8,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,300	2,800	-200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-1	-12	-127	-159	-552	-195	-173	-199	26,779	14,500	6,400	1,047	-844	1,300	6,900	-	-	-	-	-	300	6,900	-9,900	-	-100	0	-100	-500	-100	32,500	-200	-1	2,080	-12,496	11,637	27,724	13,836
Net proceeds from issuance of securities in registered direct offering
9,175	0	0	0	2,540	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	121	230	295
Proceeds from issuance of common stock upon exercise of common stock warrants
10,349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of short-term note
-	-	-	-	-	102	51	-217	278	0	0	0	0	-	-	100	100	0	100	100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock upon exercise of stock options
18	-	-	-	-	0	0	0	13	24	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of principal on secured promissory note payable to Oxford Finance
-	2,549	417	416	417	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,000	-100	0	-100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
19,542	-2,228	7,755	8,310	2,123	-519	-468	-477	-265	0	0	0	0	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	17	121	230	295
Net increase (decrease) in cash and cash equivalents
16,333	-6,032	3,300	7,834	-3,082	-6,416	-5,999	6,426	15,924	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	9,800	1,900	-700	-5,120	-7,800	-3,800	19,100	-8,400	-6,300	600	-16,600	1,100	7,900	-21,500	700	27,400	-8,400	-6,300	2,000	-3,700	24,900	-5,400	-2,226	565	-20,199	6,330	27,526	5,528
Effects of exchange rate movements on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	-3,300	-1,900	-2,500	900	1,300	-1,000	300	-5,500	-100	2,100	-1,300	-	-	-	-	-	-
Supplemental disclosure of cash flow information:
Interest paid
-	32	59	64	72	80	87	94	95	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	91	57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock on merger
9,175	0	0	0	2,540	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	121	230	295
Cash acquired on merger
-	-	-	-	-	0	0	0	25,525	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash financing activity:
Issuance of warrants to placement agent’s representatives
453	0	0	0	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock upon reverse merger, net of cash paid for partial shares
-	-	-	-	-	0	0	0	31,768	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of convertible promissory notes, related parties into common stock upon reverse merger
-	-	-	-	-	0	0	0	35,577	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock upon reverse merger, net of cash paid for partial shares
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of convertible promissory notes, related parties into common stock upon reverse merger
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of convertible preferred stock warrant liability to equity
-	-	-	-	-	0	0	0	70	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities arising from obtaining right-of-use assets
-	-	-	-	-	-	-	-58	72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of property and equipment included in accounts payable
-	-	-	-	123	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-