| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net loss | ||||||||||||
-31,136 | -72,244 | -30,475 | -29,077 | -13,641 | 9,273 | -18,751 | -5,874 | -21,204 | 32,733 | -16,245 | -10,968 | -15,926 |
Items not involving cash: | ||||||||||||
Depreciation and amortization of property and equipment | ||||||||||||
775 | 739 | 572 | 505 | 496 | 480 | 480 | 477 | 443 | 468 | 448 | 447 | 318 |
Amortization of intangible assets | ||||||||||||
980 | 957 | 854 | 649 | 653 | 656 | 536 | 282 | 276 | 277 | 270 | 241 | 270 |
Impairment on acquired IPR&D | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 1,536 |
Stock-based compensation (recovery) expense | ||||||||||||
-2,716 | 28,031 | 7,099 | 9,488 | 4,378 | 1,498 | 3,623 | 4,777 | 3,543 | 458 | 1,609 | -1,614 | 2,976 |
Amortization and impairment of operating lease right-of-use assets | ||||||||||||
1,062 | - | - | - | 329 | - | - | - | - | - | - | - | - |
Deferred income tax expense | ||||||||||||
-351 | 555 | 120 | 51 | 0 | -157 | 119 | 77 | -22 | - | - | - | - |
Non-cash consideration from licensing agreement | ||||||||||||
218 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Change in fair value of contingent consideration | ||||||||||||
0 | -14 | 0 | 263 | 22 | - | - | - | - | - | - | - | - |
Change in fair value of warrant liabilities (note 10) | ||||||||||||
- | - | - | - | - | 0 | 0 | 2,223 | 1,342 | -130 | -187 | -1,578 | -555 |
Accretion on long-term debt | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 160 | 88 |
Unrealized foreign exchange (gain) loss | ||||||||||||
4,037 | -352 | 123 | 176 | -451 | 302 | -92 | -82 | -80 | 73 | 66 | -39 | 154 |
Changes in non-cash operating working capital: | ||||||||||||
Accounts receivable | ||||||||||||
6,467 | -1,139 | 616 | 2,006 | 345 | 104 | -48 | 252 | -189 | 58 | -1,249 | 961 | -2,179 |
SR&ED receivables | ||||||||||||
- | - | - | - | - | - | -923 | 0 | -165 | - | 70 | -170 | 98 |
Prepaid expenses and other current assets | ||||||||||||
-2,602 | 3,113 | -1,538 | -555 | 7,660 | -29 | -1,198 | 1,305 | 173 | -1,020 | -1,328 | 1,474 | 1,076 |
Accounts payable and accrued liabilities | ||||||||||||
1,065 | 9,123 | 9,653 | 5,164 | -2,368 | 2,666 | -1,068 | 4,231 | -2,145 | 3,743 | -456 | -1,390 | -2,255 |
Operating lease liabilities | ||||||||||||
252 | -754 | 487 | -248 | -280 | - | - | - | - | - | - | - | - |
Deferred revenue | ||||||||||||
0 | 0 | 0 | 0 | -3,530 | - | - | - | - | - | - | - | - |
Income taxes payable | ||||||||||||
0 | 0 | 0 | -492 | 193 | 185 | 168 | -104 | -109 | - | - | - | - |
Net cash used in operating activities | ||||||||||||
-37,487 | -36,354 | -10,880 | -13,317 | -21,302 | 50,105 | -12,817 | 4,460 | -17,571 | 39,015 | -12,152 | -13,947 | -12,697 |
Cash flows from financing activities: | ||||||||||||
Proceeds from public offering, net of issuance costs (note 8a) | ||||||||||||
300,910 | - | -804 | 189,035 | 0 | - | - | - | - | - | - | - | - |
Issuance of common shares on exercise of options (note 8e) | ||||||||||||
1,447 | 2,811 | 1,440 | 885 | 362 | 101 | 21 | 526 | 34 | 440 | 20 | 55 | 450 |
Issuance of common shares through employee stock purchase plan | ||||||||||||
419 | 0 | 365 | 0 | 233 | -19 | 152 | 0 | 100 | - | - | - | - |
Deferred financing fees | ||||||||||||
-60 | - | - | - | 18 | - | - | - | - | - | - | - | 463 |
Finance lease payments | ||||||||||||
4 | 3 | 2 | 3 | 8 | 3 | 3 | 2 | 3 | 2 | 3 | 2 | 2 |
Net cash provided by financing activities | ||||||||||||
302,832 | 2,158 | 999 | 189,935 | 569 | -146 | -905 | 92,351 | 131 | 125 | -162 | 50,003 | -15 |
Cash flows from investing activities: | ||||||||||||
Net (purchases) redemptions of short-term and long-term investments | ||||||||||||
203,822 | - | - | - | -22,036 | - | - | - | - | - | - | - | - |
Purchase of short-term investments | ||||||||||||
- | - | - | - | - | 35,745 | 10,711 | 71,870 | -12,700 | 15,120 | 122 | 5,020 | 7,505 |
Acquisition of property and equipment | ||||||||||||
530 | 2,141 | 2,774 | 1,376 | 31 | 259 | 92 | 343 | 109 | 382 | 219 | 501 | 913 |
Acquisition of intangible assets | ||||||||||||
419 | - | - | - | 0 | 10 | 2,500 | 51 | 56 | 24 | 1,051 | 28 | 3 |
Net cash (used in) provided by investing activities | ||||||||||||
-204,771 | -88,197 | -22,774 | 63,374 | 22,005 | -36,014 | -13,303 | -72,264 | 12,535 | -15,526 | -1,392 | -20,559 | 6,589 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
460 | 0 | -21 | 354 | -303 | -115 | 21 | -149 | -60 | 0 | 37 | 58 | 132 |
Net change in cash and cash equivalents | ||||||||||||
61,034 | -122,393 | -32,676 | 240,346 | 969 | 13,830 | -27,004 | 24,398 | -4,965 | 23,614 | -13,669 | 15,555 | -5,991 |
Supplemental disclosure of non-cash investing and financing items: | ||||||||||||
Leased assets obtained in exchange for operating lease liabilities | ||||||||||||
1,982 | 344 | -1,330 | 0 | 8,012 | - | - | - | - | - | - | - | - |
Deferred financing fees in accounts payable and accrued liabilities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 1,082 |
Acquisition of property and equipment in accounts payable and accrued liabilities | ||||||||||||
570 | -449 | -536 | 1,350 | 242 | 319 | 22 | -63 | 104 | -286 | 352 | -367 | 424 |