| 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 | ||||||||||||
-162,932 | -145,437 | -63,920 | -52,196 | -28,993 | -36,556 | -13,096 | -10,590 | -15,684 | -10,406 | 0 | 0 | 0 |
Items not involving cash: | ||||||||||||
Depreciation and amortization of property and equipment | ||||||||||||
2,591 | 2,312 | 2,053 | 1,961 | 1,933 | 1,880 | 1,868 | 1,836 | 1,806 | 1,681 | 0 | 0 | 0 |
Amortization of intangible assets | ||||||||||||
3,440 | 3,113 | 2,812 | 2,494 | 2,127 | 1,750 | 1,371 | 1,105 | 1,064 | 1,058 | 0 | 0 | 0 |
Impairment on acquired IPR&D | ||||||||||||
- | - | - | - | - | - | - | - | - | 1,536 | 0 | 0 | 0 |
Stock-based compensation (recovery) expense | ||||||||||||
41,902 | 48,996 | 22,463 | 18,987 | 14,276 | 13,441 | 12,401 | 10,387 | 3,996 | 3,429 | 0 | 0 | 0 |
Amortization and impairment of operating lease right-of-use assets | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Deferred income tax expense | ||||||||||||
375 | 726 | 14 | 13 | 39 | 17 | 0 | 0 | 0 | - | - | - | - |
Non-cash consideration from licensing agreement | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Change in fair value of contingent consideration | ||||||||||||
249 | 271 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Change in fair value of warrant liabilities (note 10) | ||||||||||||
- | - | - | - | - | 3,565 | 3,435 | 3,248 | -553 | -2,450 | 0 | 0 | 0 |
Accretion on long-term debt | ||||||||||||
- | - | - | - | - | - | - | - | - | 248 | 0 | 0 | 0 |
Unrealized foreign exchange (gain) loss | ||||||||||||
3,984 | -504 | 150 | -65 | -323 | 48 | -181 | -23 | 20 | 254 | 0 | 0 | 0 |
Changes in non-cash operating working capital: | ||||||||||||
Accounts receivable | ||||||||||||
7,950 | 1,828 | 3,071 | 2,407 | 653 | 119 | 73 | -1,128 | -419 | -2,409 | 0 | 0 | 0 |
SR&ED receivables | ||||||||||||
- | - | - | - | - | - | 0 | 0 | -88 | - | 0 | 0 | 0 |
Prepaid expenses and other current assets | ||||||||||||
-1,582 | 8,680 | 5,538 | 5,878 | 7,738 | 251 | -740 | -870 | -701 | 202 | 0 | 0 | 0 |
Accounts payable and accrued liabilities | ||||||||||||
25,005 | 21,572 | 15,115 | 4,394 | 3,461 | 3,684 | 4,761 | 5,373 | -248 | -358 | 0 | 0 | 0 |
Operating lease liabilities | ||||||||||||
-263 | -795 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred revenue | ||||||||||||
0 | -3,530 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Income taxes payable | ||||||||||||
-492 | -299 | -114 | 54 | 442 | 140 | 0 | 0 | 0 | - | - | - | - |
Net cash used in operating activities | ||||||||||||
-98,038 | -81,853 | 4,606 | 2,669 | 20,446 | 24,177 | 13,087 | 13,752 | -4,655 | 219 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||||||||
Proceeds from public offering, net of issuance costs (note 8a) | ||||||||||||
0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Issuance of common shares on exercise of options (note 8e) | ||||||||||||
6,583 | 5,498 | 2,788 | 1,369 | 1,010 | 682 | 1,021 | 1,020 | 549 | 965 | 0 | 0 | 0 |
Issuance of common shares through employee stock purchase plan | ||||||||||||
784 | 598 | 579 | 366 | 366 | 233 | 0 | 0 | 0 | - | - | - | - |
Deferred financing fees | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | 0 |
Finance lease payments | ||||||||||||
12 | 16 | 16 | 17 | 16 | 11 | 10 | 10 | 10 | 9 | 0 | 0 | 0 |
Net cash provided by financing activities | ||||||||||||
495,924 | 193,661 | 191,357 | 189,453 | 91,869 | 91,431 | 91,702 | 92,445 | 50,097 | 49,951 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||||||
Net (purchases) redemptions of short-term and long-term investments | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Purchase of short-term investments | ||||||||||||
- | - | - | - | - | 105,626 | 85,001 | 74,412 | 7,562 | 27,767 | 0 | 0 | 0 |
Acquisition of property and equipment | ||||||||||||
6,821 | 6,322 | 4,440 | 1,758 | 725 | 803 | 926 | 1,053 | 1,211 | 2,015 | 0 | 0 | 0 |
Acquisition of intangible assets | ||||||||||||
0 | - | - | - | 2,561 | 2,617 | 2,631 | 1,182 | 1,159 | 1,106 | 0 | 0 | 0 |
Net cash (used in) provided by investing activities | ||||||||||||
-252,368 | -25,592 | 26,591 | 36,062 | -99,576 | -109,046 | -88,558 | -76,647 | -24,942 | -30,888 | 0 | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
793 | 30 | -85 | -43 | -546 | -303 | -188 | -172 | 35 | 227 | 0 | 0 | 0 |
Net change in cash and cash equivalents | ||||||||||||
146,311 | 86,246 | 222,469 | 228,141 | 12,193 | 6,259 | 16,043 | 29,378 | 20,535 | 19,509 | 0 | 0 | 0 |
Supplemental disclosure of non-cash investing and financing items: | ||||||||||||
Leased assets obtained in exchange for operating lease liabilities | ||||||||||||
996 | 7,026 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred financing fees in accounts payable and accrued liabilities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 |
Acquisition of property and equipment in accounts payable and accrued liabilities | ||||||||||||
935 | 607 | 1,375 | 1,933 | 520 | 382 | -223 | 107 | -197 | 123 | 0 | 0 | 0 |