SEC Filings

10-K
AVEXIS, INC. filed this Form 10-K on 02/28/2018
Entire Document
 

Item 6.  Selected Financial Data.

The selected statement of operations data for the years ended December 31, 2017, 2016 and 2015 and the selected balance sheet data as of December 31, 2017 and 2016 are derived from our audited financial statements included elsewhere in this Annual Report. The selected statement of operations data for the years ended December 31, 2014 and 2013, and the selected balance sheet data as of December 31, 2015, 2014 and 2013 are derived from our audited financial statements not included in this Annual Report. Our cash used in operations during the year ended December 31, 2017 was $157.4 million, and we had $324.1 million of cash and cash equivalents as of December 31, 2017.

Our historical results are not necessarily indicative of the results that may be expected in the future. You should read the selected historical financial data below in conjunction with Part II—Item 7—“Management’s Discussion and Analysis of Financial Condition and Results of Operations” of this Annual Report and the audited financial statements and related notes included elsewhere in this Annual Report.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2017

    

2016

    

2015

    

2014

    

2013

Statement of Operations data:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Revenue

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

 —

Operating expenses:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

General and administrative

 

 

69,976

 

 

24,523

 

 

11,080

 

 

1,870

 

 

1,834

Research and development

 

 

150,391

 

 

58,892

 

 

27,493

 

 

13,550

 

 

363

Total operating expenses

 

 

220,367

 

 

83,415

 

 

38,573

 

 

15,420

 

 

2,197

Loss from operations

 

 

(220,367)

 

 

(83,415)

 

 

(38,573)

 

 

(15,420)

 

 

(2,197)

Other income

 

 

 —

 

 

 —

 

 

84

 

 

 —

 

 

 —

Interest income (expense)

 

 

2,316

 

 

403

 

 

15

 

 

(132)

 

 

(17)

Net loss

 

$

(218,051)

 

$

(83,012)

 

$

(38,474)

 

$

(15,552)

 

$

(2,214)

Net loss attributable to common stockholders:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Net loss

 

 

(218,051)

 

 

(83,012)

 

 

(38,474)

 

 

(15,552)

 

 

(2,214)

Less: deemed preferred dividends on common stock

 

 

 —

 

 

 —

 

 

 —

 

 

(866)

 

 

 —

Net loss attributable from continuing operations to common stockholders

 

 

(218,051)

 

 

(83,012)

 

 

(38,474)

 

 

(16,418)

 

 

(2,214)

Loss from discontinued operations

 

 

 —

 

 

 —

 

 

 —

 

 

(154)

 

 

(475)

Net loss attributable to common stockholders

 

$

(218,051)

 

$

(83,012)

 

$

(38,474)

 

$

(16,572)

 

$

(2,689)

Weighted‑average basic and diluted common shares

 

 

29,935

 

 

22,648

 

 

7,088

 

 

6,916

 

 

6,229

Basic and diluted net loss per common share from continuing operations

 

$

(7.28)

 

$

(3.67)

 

$

(5.43)

 

$

(2.37)

 

$

(0.35)

Basic and diluted net loss per common share from discontinued operations

 

 

 —

 

 

 —

 

 

 —

 

 

(0.02)

 

 

(0.08)

Basic and diluted net loss per common share

 

$

(7.28)

 

$

(3.67)

 

$

(5.43)

 

$

(2.39)

 

$

(0.43)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 

 

    

2017

    

2016

    

2015

    

2014

 

2013

Balance Sheet Data:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Cash and cash equivalents

 

$

324,117

 

$

240,430

 

$

62,252

 

$

3,120

 

$

 —

Total assets

 

$

391,578

 

$

270,575

 

$

65,084

 

$

3,175

 

$

717

Total liabilities

 

$

58,838

 

$

24,443

 

$

6,877

 

$

5,047

 

$

2,014

 

 

95


 


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