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10-Q Filing

RENALYTIX PLC CIK: 1811115 Q1 2024
Filing Information
Form Type 10-Q
Accession Number 0000950170-23-063363
Period End Date 20230930
Filing Date 20231114
Fiscal Year 2024
Fiscal Period Q1
XBRL Instance rnlx-20230930_htm.xml
Filing Contents
Balance Sheet 58 line items
Line Item Tag Value Unit Period
Common stock par or stated value per share CommonStockParOrStatedValuePerShare 0.00 GBP Point-in-time
Common stock par or stated value per share CommonStockParOrStatedValuePerShare 0.00 GBP Point-in-time
Common stock shares authorized CommonStockSharesAuthorized 102.54M shares Point-in-time
Common stock shares authorized CommonStockSharesAuthorized 102.54M shares Point-in-time
Common stock shares issued CommonStockSharesIssued 93.78M shares Point-in-time
Common stock shares issued CommonStockSharesIssued 95.02M shares Point-in-time
Common stock shares outstanding CommonStockSharesOutstanding 95.02M shares Point-in-time
Common stock shares outstanding CommonStockSharesOutstanding 93.78M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $24.68M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $13.89M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $1.01M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $776.00K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.57M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.42M USD Point-in-time
Total current assets AssetsCurrent $26.88M USD Point-in-time
Total current assets AssetsCurrent $16.47M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.03M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $944.00K USD Point-in-time
Right of Use Asset OperatingLeaseRightOfUseAsset $159.00K USD Point-in-time
Right of Use Asset OperatingLeaseRightOfUseAsset $131.00K USD Point-in-time
Investment in VericiDx InvestmentOwnedAtFairValue $1.46M USD Point-in-time
Investment in VericiDx InvestmentOwnedAtFairValue $978.00K USD Point-in-time
Other Assets OtherAssets $1.10M USD Point-in-time
Other Assets OtherAssets $1.02M USD Point-in-time
Total assets Assets $30.63M USD Point-in-time
Total assets Assets $19.54M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $4.57M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $6.64M USD Point-in-time
Accrued expenses - related party AccruedExpensesRelatedPartyCurrent $1.96M USD Point-in-time
Accrued expenses - related party AccruedExpensesRelatedPartyCurrent $2.54M USD Point-in-time
Current lease liability OperatingLeaseLiabilityCurrent $131.00K USD Point-in-time
Current lease liability OperatingLeaseLiabilityCurrent $130.00K USD Point-in-time
Convertible notes-current ConvertibleNotesPayableCurrent $4.57M USD Point-in-time
Convertible notes-current ConvertibleNotesPayableCurrent $4.46M USD Point-in-time
Total current liabilities LiabilitiesCurrent $16.14M USD Point-in-time
Total current liabilities LiabilitiesCurrent $15.17M USD Point-in-time
Convertible notes-noncurrent ConvertibleLongTermNotesPayable $7.49M USD Point-in-time
Convertible notes-noncurrent ConvertibleLongTermNotesPayable $5.85M USD Point-in-time
Noncurrent lease liability OperatingLeaseLiabilityNoncurrent $10.00K USD Point-in-time
Noncurrent lease liability OperatingLeaseLiabilityNoncurrent $41.00K USD Point-in-time
Total liabilities Liabilities $21.03M USD Point-in-time
Total liabilities Liabilities $23.66M USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Ordinary shares, 0.0025 par value per share: 102,518,574 shares authorized; 95,019,440 and 93,781,478 shares issued and outstanding at September 30, 2023 and June 30, 2023, respectively CommonStockValue $286.00K USD Point-in-time
Ordinary shares, 0.0025 par value per share: 102,518,574 shares authorized; 95,019,440 and 93,781,478 shares issued and outstanding at September 30, 2023 and June 30, 2023, respectively CommonStockValue $290.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $188.03M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $186.46M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.45M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.33M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-188.48M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-178.32M USD Point-in-time
Total shareholders' (deficit) equity StockholdersEquity $18.84M USD Point-in-time
Total shareholders' (deficit) equity StockholdersEquity $-1.49M USD Point-in-time
Total shareholders' (deficit) equity StockholdersEquity $6.97M USD Point-in-time
Total shareholders' (deficit) equity StockholdersEquity $30.61M USD Point-in-time
Total liabilities and shareholders' (deficit) equity LiabilitiesAndStockholdersEquity $19.54M USD Point-in-time
Total liabilities and shareholders' (deficit) equity LiabilitiesAndStockholdersEquity $30.63M USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
Revenue Revenues $969.00K USD 1 Quarter
Revenue Revenues $459.00K USD 1 Quarter
Cost of revenue CostOfRevenue $696.00K USD 1 Quarter
Cost of revenue CostOfRevenue $502.00K USD 1 Quarter
Gross profit GrossProfit $273.00K USD 1 Quarter
Gross profit GrossProfit $-43.00K USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $2.79M USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $3.76M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.06M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $8.25M USD 1 Quarter
Performance of contract liability to affiliate PerformanceOfContractLiabilityToAffiliate - USD 1 Quarter
Performance of contract liability to affiliate PerformanceOfContractLiabilityToAffiliate $12.00K USD 1 Quarter
Total operating expenses OperatingExpenses $11.99M USD 1 Quarter
Total operating expenses OperatingExpenses $8.85M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-8.89M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-11.72M USD 1 Quarter
Equity in net (losses) earnings of affiliate IncomeLossFromEquityMethodInvestments $-9.00K USD 1 Quarter
Equity in net (losses) earnings of affiliate IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Foreign currency gain, net ForeignCurrencyTransactionGainLossBeforeTax $289.00K USD 1 Quarter
Foreign currency gain, net ForeignCurrencyTransactionGainLossBeforeTax $1.73M USD 1 Quarter
Fair value adjustment to VericiDx investment FairValueAdjustmentToVericidxInvestment $854.00K USD 1 Quarter
Fair value adjustment to VericiDx investment FairValueAdjustmentToVericidxInvestment $447.00K USD 1 Quarter
Fair value adjustment to Convertible notes FairValueAdjustmentToConvertibleNotes $1.21M USD 1 Quarter
Fair value adjustment to Convertible notes FairValueAdjustmentToConvertibleNotes $1.21M USD 1 Quarter
Other income, net OtherNonoperatingIncome $114.00K USD 1 Quarter
Other income, net OtherNonoperatingIncome $100.00K USD 1 Quarter
Net loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-11.95M USD 1 Quarter
Net loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-10.15M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit - USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $1.00K USD 1 Quarter
Net loss NetIncomeLoss $-10.15M USD 1 Quarter
Net loss NetIncomeLoss $-11.95M USD 1 Quarter
Earnings Per Share, Basic EarningsPerShareBasic $-0.11 USD 1 Quarter
Earnings Per Share, Basic EarningsPerShareBasic $-0.16 USD 1 Quarter
Earnings Per Share, Diluted EarningsPerShareDiluted $-0.11 USD 1 Quarter
Earnings Per Share, Diluted EarningsPerShareDiluted $-0.16 USD 1 Quarter
Weighted Average Number of Shares Outstanding, Basic WeightedAverageNumberOfSharesOutstandingBasic 94.77M shares 1 Quarter
Weighted Average Number of Shares Outstanding, Basic WeightedAverageNumberOfSharesOutstandingBasic 74.80M shares 1 Quarter
Weighted Average Number of Shares Outstanding, Diluted WeightedAverageNumberOfDilutedSharesOutstanding 94.77M shares 1 Quarter
Weighted Average Number of Shares Outstanding, Diluted WeightedAverageNumberOfDilutedSharesOutstanding 74.80M shares 1 Quarter
Changes in the fair value of the convertible notes ChangesInFairValueOfConvertibleNotes $75.00K USD 1 Quarter
Changes in the fair value of the convertible notes ChangesInFairValueOfConvertibleNotes $397.00K USD 1 Quarter
Foreign exchange translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $42.00K USD 1 Quarter
Foreign exchange translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-1.09M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $10.04M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $12.64M USD 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-10.15M USD 1 Quarter
Net loss NetIncomeLoss $-11.95M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $130.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $127.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $767.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $523.00K USD 1 Quarter
Equity in (net earnings) losses of affiliate IncomeLossFromEquityMethodInvestments $-9.00K USD 1 Quarter
Equity in (net earnings) losses of affiliate IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Reduction of Kantaro liability ReversalOfKantaroLiability - USD 1 Quarter
Reduction of Kantaro liability ReversalOfKantaroLiability $12.00K USD 1 Quarter
Fair value adjustment to VericiDx investment FairValueAdjustmentToVericidxInvestment $854.00K USD 1 Quarter
Fair value adjustment to VericiDx investment FairValueAdjustmentToVericidxInvestment $447.00K USD 1 Quarter
Unrealized foreign exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $-456.00K USD 1 Quarter
Unrealized foreign exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized - USD 1 Quarter
Fair value adjustment to convertible debt, net interest paid FairValueAdjustmentsToConvertibleDebt $921.00K USD 1 Quarter
Fair value adjustment to convertible debt, net interest paid FairValueAdjustmentsToConvertibleDebt $945.00K USD 1 Quarter
Non cash lease expense NonCashLeaseExpense - USD 1 Quarter
Non cash lease expense NonCashLeaseExpense $28.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $322.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $238.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $153.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-312.00K USD 1 Quarter
Receivable from affiliates IncreaseDecreaseInDueFromAffiliatesCurrent $13.00K USD 1 Quarter
Receivable from affiliates IncreaseDecreaseInDueFromAffiliatesCurrent - USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $250.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $555.00K USD 1 Quarter
Accounts payable - related party IncreaseDecreaseInAccountsPayableRelatedParties $1.29M USD 1 Quarter
Accounts payable - related party IncreaseDecreaseInAccountsPayableRelatedParties $202.00K USD 1 Quarter
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilities $-2.06M USD 1 Quarter
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilities $-125.00K USD 1 Quarter
Accrued expenses - related party IncreaseDecreaseInAccruedExpensesRelatedParty $22.00K USD 1 Quarter
Accrued expenses - related party IncreaseDecreaseInAccruedExpensesRelatedParty $579.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue - USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-7.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-9.50M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-7.12M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities - USD 1 Quarter
Payment of convertible notes principal PaymentOfConvertibleNotesPrincipal $1.06M USD 1 Quarter
Payment of convertible notes principal PaymentOfConvertibleNotesPrincipal $1.06M USD 1 Quarter
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts1 $5.00K USD 1 Quarter
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts1 - USD 1 Quarter
Proceeds from the issuance of ordinary shares under employee share purchase plan ProceedsFromTheIssuanceOfOrdinarySharesUnderEmployeeSharePurchasePlan $116.00K USD 1 Quarter
Proceeds from the issuance of ordinary shares under employee share purchase plan ProceedsFromTheIssuanceOfOrdinarySharesUnderEmployeeSharePurchasePlan - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-944.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.06M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-222.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.23M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-10.79M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-10.29M USD 1 Quarter
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $24.68M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $31.04M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $13.89M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $41.33M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $24.68M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $31.04M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $13.89M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $41.33M USD Point-in-time
Noncash lease liabilities arising from obtaining right-of-use assets RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $4.00K USD 1 Quarter
Noncash lease liabilities arising from obtaining right-of-use assets RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability - USD 1 Quarter
Cash Paid for interest on convertible debt InterestPaidNet $292.00K USD 1 Quarter
Cash Paid for interest on convertible debt InterestPaidNet $249.00M USD 1 Quarter
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity $18.84M USD Point-in-time
Beginning balance StockholdersEquity $-1.49M USD Point-in-time
Beginning balance StockholdersEquity $6.97M USD Point-in-time
Beginning balance StockholdersEquity $30.61M USD Point-in-time
Shares issued for repayment of convertible bond (Value) StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $1.05M USD 1 Quarter
Vesting of RSUs (Value) StockIssuedDuringPeriodValueRestrictedStockAwardGross $1.00K USD 1 Quarter
Shares issued under the employee share purchase program (Value) StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $116.00K USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $763.00K USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $524.00K USD 1 Quarter
Currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $42.00K USD 1 Quarter
Currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.09M USD 1 Quarter
Changes in the fair value of the convertible notes at fair value ChangesInTheFairValueOfTheConvertibleNotes $75.00K USD 1 Quarter
Changes in the fair value of the convertible notes at fair value ChangesInTheFairValueOfTheConvertibleNotes $397.00K USD 1 Quarter
Net loss NetIncomeLoss $-10.15M USD 1 Quarter
Net loss NetIncomeLoss $-11.95M USD 1 Quarter
Ending balance StockholdersEquity $18.84M USD Point-in-time
Ending balance StockholdersEquity $-1.49M USD Point-in-time
Ending balance StockholdersEquity $6.97M USD Point-in-time
Ending balance StockholdersEquity $30.61M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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