10-Q Filing

DBV TECHNOLOGIES S.A. CIK: 1613780 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001193125-21-151704`
Period End Date	20210331
Filing Date	20210505
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	dbvt-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 29 Cash Flow Statement 49 Stockholders Equity 18

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$152.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$287.44M	USD	Point-in-time
Trade receivables	`ReceivablesNetCurrent`	$2.23M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.35M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.79M	USD	Point-in-time
Treasury stock, common, shares	`TreasuryStockCommonShares`	112,302.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$207.38M	USD	Point-in-time
Treasury stock, common, shares	`TreasuryStockCommonShares`	60,588.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$159.81M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$24.79M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$21.53M	USD	Point-in-time
Right-of-use assets related to operating leases	`OperatingLeaseRightOfUseAsset`	$10.10M	USD	Point-in-time
Right-of-use assets related to operating leases	`OperatingLeaseRightOfUseAsset`	$9.17M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$32.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$41.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$29.93M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$30.87M	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$61.60M	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$64.87M	USD	Point-in-time
Total Assets	`Assets`	$272.25M	USD	Point-in-time
Total Assets	`Assets`	$221.41M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$17.18M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$20.34M	USD	Point-in-time
Short-term operating lease	`OperatingLeaseLiabilityCurrent`	$3.71M	USD	Point-in-time
Short-term operating lease	`OperatingLeaseLiabilityCurrent`	$3.31M	USD	Point-in-time
Short-term financial debt	`ShortTermFinancialDebtCurrent`	$701.00K	USD	Point-in-time
Short-term financial debt	`ShortTermFinancialDebtCurrent`	$724.00K	USD	Point-in-time
Current contingencies	`ProvisionForLiabilitiesCurrent`	$5.02M	USD	Point-in-time
Current contingencies	`ProvisionForLiabilitiesCurrent`	$4.25M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$22.93M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$13.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.71M	USD	Point-in-time
Long-term operating lease	`OperatingLeaseLiabilityNoncurrent`	$10.50M	USD	Point-in-time
Long-term operating lease	`OperatingLeaseLiabilityNoncurrent`	$9.53M	USD	Point-in-time
Long-term financial debt	`LongTermFinancialDebtNoncurrent`	$350.00K	USD	Point-in-time
Long-term financial debt	`LongTermFinancialDebtNoncurrent`	$543.00K	USD	Point-in-time
Non-current contingencies	`ProvisionForLiabilitiesNoncurrent`	$2.23M	USD	Point-in-time
Non-current contingencies	`ProvisionForLiabilitiesNoncurrent`	$2.53M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.29M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$475.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$14.04M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$13.40M	USD	Point-in-time
Total Liabilities	`Liabilities`	$52.23M	USD	Point-in-time
Total Liabilities	`Liabilities`	$66.75M	USD	Point-in-time
Ordinary shares, 0.10 par value; 54,936,687 and 54,929,187 shares authorized, and issued as at March 31, 2021 and December 31, 2020, respectively, and 4,100,663 and 4,029,763 shares outstanding as at March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$6.52M	USD	Point-in-time
Ordinary shares, 0.10 par value; 54,936,687 and 54,929,187 shares authorized, and issued as at March 31, 2021 and December 31, 2020, respectively, and 4,100,663 and 4,029,763 shares outstanding as at March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$6.52M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.15B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.15B	USD	Point-in-time
Treasury stock, 60,588 and 112,302 ordinary shares as of March 31, 2021 and December 31, 2020, respectively, at cost	`TreasuryStockValue`	$681.00K	USD	Point-in-time
Treasury stock, 60,588 and 112,302 ordinary shares as of March 31, 2021 and December 31, 2020, respectively, at cost	`TreasuryStockValue`	$1.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-987.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-958.54M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$399.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$484.00K	USD	Point-in-time
Accumulated currency translation effect	`AccumulatedForeignCurrencyTranslationAdjustmentNetOfTax`	$6.16M	USD	Point-in-time
Accumulated currency translation effect	`AccumulatedForeignCurrencyTranslationAdjustmentNetOfTax`	$-2.59M	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$299.66M	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$193.19M	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$169.18M	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$205.49M	USD	Point-in-time
Total Liabilities and Shareholder's equity	`LiabilitiesAndStockholdersEquity`	$221.41M	USD	Point-in-time
Total Liabilities and Shareholder's equity	`LiabilitiesAndStockholdersEquity`	$272.25M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Operating income	`Revenues`	$4.72M	USD	1 Quarter
Operating income	`Revenues`	$2.94M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$22.16M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$27.53M	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$7.30M	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$729.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$11.11M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.68M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$45.94M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$32.58M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-41.22M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-29.63M	USD	1 Quarter
Financial income	`FinanceIncomeExpenses`	$215.00K	USD	1 Quarter
Financial income	`FinanceIncomeExpenses`	$309.00K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.42M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-40.91M	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	$30.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-29.45M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-40.91M	USD	1 Quarter
Foreign currency translation differences, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.06M	USD	1 Quarter
Foreign currency translation differences, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.74M	USD	1 Quarter
Actuarial (loss) gains on employee benefits, net of taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-85.00K	USD	1 Quarter
Actuarial (loss) gains on employee benefits, net of taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$189.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-38.28M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-46.79M	USD	1 Quarter
Basic/diluted Net loss per share attributable to shareholders	`EarningsPerShareBasicAndDiluted`	$-0.79	USD	1 Quarter
Basic/diluted Net loss per share attributable to shareholders	`EarningsPerShareBasicAndDiluted`	$-0.54	USD	1 Quarter
Weighted average shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.88M	shares	1 Quarter
Weighted average shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	51.80M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-29.45M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-40.91M	USD	1 Quarter
Depreciation, amortization and accrued contingencies	`AdjustmentForDepreciationAmortizationAndAccruedContingencies`	$1.48M	USD	1 Quarter
Depreciation, amortization and accrued contingencies	`AdjustmentForDepreciationAmortizationAndAccruedContingencies`	$1.55M	USD	1 Quarter
Retirement pension obligations	`AdjustmentForRetirementPensionObligations`	$109.00K	USD	1 Quarter
Expenses related to share-based payments	`ShareBasedCompensation`	$1.43M	USD	1 Quarter
Expenses related to share-based payments	`ShareBasedCompensation`	$3.07M	USD	1 Quarter
Other elements	`OtherNoncashIncomeExpense`	$-419.00K	USD	1 Quarter
Other elements	`OtherNoncashIncomeExpense`	$456.00K	USD	1 Quarter
Decrease (increase) in inventories and work in progress	`IncreaseDecreaseInInventories`	$2.40M	USD	1 Quarter
Decrease (increase) in trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.10M	USD	1 Quarter
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-122.00K	USD	1 Quarter
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$417.00K	USD	1 Quarter
(Decrease) increase in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-3.21M	USD	1 Quarter
(Decrease) increase in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-2.57M	USD	1 Quarter
(Decrease) increase in other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-8.38M	USD	1 Quarter
(Decrease) increase in other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-7.98M	USD	1 Quarter
Change in operating lease liabilities and right of use assets	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$45.00K	USD	1 Quarter
Change in operating lease liabilities and right of use assets	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$353.00K	USD	1 Quarter
Net cash flow used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.20M	USD	1 Quarter
Net cash flow used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.68M	USD	1 Quarter
Acquisitions of property, plant, and equipment, net from proceeds	`PaymentsToAcquirePropertyPlantAndEquipment`	$816.00K	USD	1 Quarter
Acquisitions of property, plant, and equipment, net from proceeds	`PaymentsToAcquirePropertyPlantAndEquipment`	$184.00K	USD	1 Quarter
Acquisitions of intangible assets	`PaymentsToAcquireIntangibleAssets`	$114.00K	USD	1 Quarter
Acquisitions of non-current financial assets	`PaymentsToAcquireInvestments`	$1.00K	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-185.00K	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-930.00K	USD	1 Quarter
(Decrease) increase in conditional advances	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$7.00K	USD	1 Quarter
(Decrease) increase in conditional advances	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-164.00K	USD	1 Quarter
Treasury shares	`ProceedsFromRepaymentOfTreasuryStock`	$-412.00K	USD	1 Quarter
Treasury shares	`ProceedsFromRepaymentOfTreasuryStock`	$578.00K	USD	1 Quarter
Capital increases, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	$151.02M	USD	1 Quarter
Capital increases, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	$42.00K	USD	1 Quarter
Other cash flows related to financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-7.00K	USD	1 Quarter
Other cash flows related to financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-17.00K	USD	1 Quarter
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$150.61M	USD	1 Quarter
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$440.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-7.94M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.81M	USD	1 Quarter
Net (decrease) / increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-43.89M	USD	1 Quarter
Net (decrease) / increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$94.19M	USD	1 Quarter
Net Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$152.46M	USD	Point-in-time
Net Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$193.25M	USD	Point-in-time
Net Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$196.35M	USD	Point-in-time
Net Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$287.44M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$152.46M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$193.25M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$196.35M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$287.44M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$299.66M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$193.19M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$169.18M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$205.49M	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-29.45M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-40.91M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-5.88M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-8.83M	USD	1 Quarter
Issuance of ordinary shares	`StockIssuedDuringPeriodValueNewIssues`	$42.00K	USD	1 Quarter
Issuance of ordinary shares	`StockIssuedDuringPeriodValueNewIssues`	$151.02M	USD	1 Quarter
Treasury shares	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$488.00K	USD	1 Quarter
Treasury shares	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$-832.00K	USD	1 Quarter
Share-based payments	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.07M	USD	1 Quarter
Share-based payments	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.43M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$299.66M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$193.19M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$169.18M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$205.49M	USD	Point-in-time

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