Net income (Q2, 2017)(33.2 M)

EBIT (Q2, 2017)(31.4 M)

Cash, 30-Jun-2017290.3 M

USD | FY, 2015 | FY, 2016 |
---|---|---|

## Revenue | 180.8 m | 179.6 m |

## Revenue growth, % | (1%) | |

## R&D expense | 214.1 m | 187.2 m |

## General and administrative expense | 44.4 m | 46 m |

## Operating expense total | 258.5 m | 233.2 m |

## EBIT | (77.6 m) | (53.7 m) |

## EBIT margin, % | (43%) | (30%) |

## Interest expense | 11 m | 10.7 m |

## Pre tax profit | (85.5 m) | (61.8 m) |

## Income tax expense | 242 k | (71 k) |

## Net Income | (85.8 m) | (61.7 m) |

- Source: SEC Filings

USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|---|---|---|

## Revenue | 16.3 m | 120.6 m | 19.5 m | 28.3 m | 89.3 m | 30.1 m | 26.9 m | 29 m |

## R&D expense | 50.5 m | 51.6 m | 52.1 m | 43.7 m | 52.4 m | 40.6 m | 46.7 m | 47 m |

## General and administrative expense | 10.5 m | 9.7 m | 11.2 m | 11.4 m | 10.4 m | 11.6 m | 11.5 m | 13.4 m |

## Operating expense total | 61 m | 61.2 m | 63.3 m | 55.1 m | 62.8 m | 52.2 m | 58.3 m | 60.4 m |

## EBIT | (44.7 m) | 59.3 m | (43.8 m) | (26.8 m) | 26.5 m | (22.1 m) | (31.4 m) | (31.4 m) |

## EBIT margin, % | (274%) | 49% | (224%) | (95%) | 30% | (73%) | (117%) | (108%) |

## Interest expense | 2.8 m | 2.8 m | 2.8 m | 2.8 m | 2.4 m | 2.8 m | 2.4 m | 2.8 m |

## Interest income | 843 k | 707 k | 1.5 m | |||||

## Pre tax profit | (46.6 m) | 57.3 m | (45.1 m) | (28.1 m) | 24.2 m | (24 m) | (33.1 m) | (33.1 m) |

## Income tax expense | (113 k) | 158 k | 60 k | 48 k | ||||

## Net Income | (46.4 m) | 57.1 m | (45.1 m) | (27.8 m) | 24.3 m | (24.2 m) | (33.2 m) | (33.2 m) |

- Source: SEC Filings

USD | FY, 2015 | FY, 2016 |
---|---|---|

## Cash | 153.3 m | 173.8 m |

## Accounts Receivable | 15.4 m | 10.4 m |

## Inventories | 4 m | 2.9 m |

## Current Assets | 200.6 m | 266.5 m |

## PP&E | 129 m | 123.7 m |

## Total Assets | 470.6 m | 469.6 m |

## Accounts Payable | 6.5 m | 6.2 m |

## Current Liabilities | 67.2 m | 65.1 m |

## Total Liabilities | 294.4 m | |

## Additional Paid-in Capital | 586.6 m | 625.9 m |

## Retained Earnings | (408.1 m) | (469.7 m) |

## Total Equity | 177.6 m | 155.8 m |

## Financial Leverage | 2.7 x | 3 x |

USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|---|---|---|

## Cash | 128.4 m | 236.5 m | 208.7 m | 141 m | 190.4 m | 198.3 m | 170.6 m | 290.3 m |

## Accounts Receivable | 7 m | 12.2 m | 7.4 m | 5.9 m | 18.1 m | 7.7 m | 7.2 m | 8.9 m |

## Current Assets | 155.4 m | 263.6 m | 232.6 m | 184 m | 252.3 m | 253.5 m | 256.6 m | 371.3 m |

## PP&E | 131.7 m | 130.5 m | 129.6 m | 127.6 m | 126.3 m | 124.8 m | 122.8 m | 122.6 m |

## Total Assets | 435.5 m | 541.4 m | 499.2 m | 442.5 m | 499.1 m | 486.2 m | 441.8 m | 542.6 m |

## Accounts Payable | 2.4 m | 3.9 m | 4.2 m | 1.5 m | 3.5 m | 2 m | 3 m | 3.3 m |

## Current Liabilities | 54 m | 63.5 m | 59 m | 58.3 m | 66.4 m | 61.7 m | 60.1 m | 59.8 m |

## Total Liabilities | 231.7 m | 268.5 m | 262.7 m | 266.3 m | 286.8 m | 288.6 m | 290.8 m | 293.3 m |

## Additional Paid-in Capital | 553.4 m | 565.2 m | 575 m | 593.9 m | 605.1 m | 614.8 m | 635 m | 766.9 m |

## Retained Earnings | (368.7 m) | (311.6 m) | (356.7 m) | (435.9 m) | (411.6 m) | (435.7 m) | (502.9 m) | (536.1 m) |

## Total Equity | 203.9 m | 272.9 m | 217.3 m | 157 m | 193.1 m | 178.3 m | 131.7 m | 230.1 m |

## Financial Leverage | 2.1 x | 2 x | 2.3 x | 2.8 x | 2.6 x | 2.7 x | 3.4 x | 2.4 x |

USD | FY, 2015 | FY, 2016 |
---|---|---|

## Net Income | (85.8 m) | (61.7 m) |

## Depreciation and Amortization | 5.7 m | 6 m |

## Accounts Receivable | (2 m) | 5 m |

## Inventories | 978 k | 1.1 m |

## Accounts Payable | 2 m | (298 k) |

## Cash From Operating Activities | (18.6 m) | 7.1 m |

## Purchases of PP&E | (2 m) | (1.3 m) |

## Cash From Investing Activities | (5.9 m) | 6.6 m |

## Cash From Financing Activities | 12.3 m | 6.7 m |

USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|---|---|---|

## Net Income | (46.4 m) | 10.7 m | (34.4 m) | (27.8 m) | (3.5 m) | (27.7 m) | (33.2 m) | (66.3 m) |

## Depreciation and Amortization | 2.8 m | 4.2 m | 1.5 m | 3 m | 4.5 m | 1.5 m | 3.1 m | |

## Accounts Receivable | 7 m | 1.3 m | 6.1 m | 9.5 m | (2.7 m) | 7.7 m | 3.2 m | 1.5 m |

## Accounts Payable | 2.4 m | (636 k) | (317 k) | (5 m) | (3 m) | (4.5 m) | (3.3 m) | (3 m) |

## Cash From Operating Activities | 58.9 m | 20.7 m | (17.3 m) | 27.4 m | 25.7 m | (27.1 m) | (46.9 m) | |

## Purchases of PP&E | (989 k) | (1.7 m) | (898 k) | (1 m) | (1.1 m) | (636 k) | (1.6 m) | |

## Cash From Investing Activities | 6 m | 14.3 m | 5.1 m | 7.2 m | 15.7 m | 23.4 m | 40.3 m | |

## Cash From Financing Activities | 5.4 m | 8.2 m | (149 k) | 2.5 m | 3.6 m | 574 k | 123 m |

Y, 2017 | |
---|---|

## Financial Leverage | 2.4 x |

FY, 2016 | |
---|---|

## Phase III Trials | 1 |

## Phase II Trials | 1 |

## Facilities | 2 |

## Patent Portfolios | 4 |

- Source: SEC Filings