10-Q Filing

DBV TECHNOLOGIES S.A. CIK: 1613780 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001193125-22-136833`
Period End Date	20220331
Filing Date	20220502
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	d337003d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 30 Cash Flow Statement 54 Stockholders Equity 18

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$77.30M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$37.09M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$114.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$90.44M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$18.15M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$17.20M	USD	Point-in-time
Right-of-use assets related to operating leases	`OperatingLeaseRightOfUseAsset`	$7.34M	USD	Point-in-time
Right-of-use assets related to operating leases	`OperatingLeaseRightOfUseAsset`	$3.36M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$22.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$18.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$6.83M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$6.58M	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$27.14M	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$32.34M	USD	Point-in-time
Total Assets	`Assets`	$117.58M	USD	Point-in-time
Total Assets	`Assets`	$146.72M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$11.43M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$11.42M	USD	Point-in-time
Short-term operating leases	`OperatingLeaseLiabilityCurrent`	$3.00M	USD	Point-in-time
Short-term operating leases	`OperatingLeaseLiabilityCurrent`	$2.03M	USD	Point-in-time
Short-term financial debt	`ShortTermFinancialDebtCurrent`	$510.00K	USD	Point-in-time
Short-term financial debt	`ShortTermFinancialDebtCurrent`	$333.00K	USD	Point-in-time
Current contingencies	`ProvisionForLiabilitiesCurrent`	$3.53M	USD	Point-in-time
Current contingencies	`ProvisionForLiabilitiesCurrent`	$4.09M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.72M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$31.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.03M	USD	Point-in-time
Long-term operating leases	`OperatingLeaseLiabilityNoncurrent`	$2.27M	USD	Point-in-time
Long-term operating leases	`OperatingLeaseLiabilityNoncurrent`	$7.15M	USD	Point-in-time
Non-current contingencies	`ProvisionForLiabilitiesNoncurrent`	$6.76M	USD	Point-in-time
Non-current contingencies	`ProvisionForLiabilitiesNoncurrent`	$5.76M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.15M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.46M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$9.49M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$16.05M	USD	Point-in-time
Total Liabilities	`Liabilities`	$35.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$47.45M	USD	Point-in-time
Ordinary shares, 0.10 par value; 55,096,537 and 55,095,762 shares authorized, and issued as at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$6.54M	USD	Point-in-time
Ordinary shares, 0.10 par value; 55,096,537 and 55,095,762 shares authorized, and issued as at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$6.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$358.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$359.48M	USD	Point-in-time
Treasury stock, 144,501 and 153,631 ordinary shares as of March 31, 2022 and December 31, 2021, respectively, at cost	`TreasuryStockValue`	$1.23M	USD	Point-in-time
Treasury stock, 144,501 and 153,631 ordinary shares as of March 31, 2022 and December 31, 2021, respectively, at cost	`TreasuryStockValue`	$1.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-275.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-258.53M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$519.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$543.00K	USD	Point-in-time
Accumulated currency translation effect	`AccumulatedForeignCurrencyTranslationAdjustmentNetOfTax`	$-8.09M	USD	Point-in-time
Accumulated currency translation effect	`AccumulatedForeignCurrencyTranslationAdjustmentNetOfTax`	$-6.14M	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$205.49M	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$82.06M	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$169.18M	USD	Point-in-time
Total Shareholders' equity	`StockholdersEquity`	$99.27M	USD	Point-in-time
Total Liabilities and shareholder's equity	`LiabilitiesAndStockholdersEquity`	$146.72M	USD	Point-in-time
Total Liabilities and shareholder's equity	`LiabilitiesAndStockholdersEquity`	$117.58M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Operating income	`Revenues`	$2.55M	USD	1 Quarter
Operating income	`Revenues`	$2.94M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$12.22M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$22.16M	USD	1 Quarter
Sales and Marketing expenses	`SalesAndMarketingExpense`	$729.00K	USD	1 Quarter
Sales and Marketing expenses	`SalesAndMarketingExpense`	$464.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.68M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.63M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$32.58M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$19.32M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-29.63M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-16.77M	USD	1 Quarter
Financial income	`FinanceIncomeExpenses`	$152.00K	USD	1 Quarter
Financial income	`FinanceIncomeExpenses`	$215.00K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.62M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.42M	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	$87.00K	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	$30.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.71M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-29.45M	USD	1 Quarter
Foreign currency translation differences, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.93M	USD	1 Quarter
Foreign currency translation differences, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.74M	USD	1 Quarter
Actuarial gains (loss) on employee benefits, net of taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-85.00K	USD	1 Quarter
Actuarial gains (loss) on employee benefits, net of taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$24.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-38.28M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-18.61M	USD	1 Quarter
Basic/diluted net loss per share attributable to shareholders	`EarningsPerShareBasicAndDiluted`	$-0.30	USD	1 Quarter
Basic/diluted net loss per share attributable to shareholders	`EarningsPerShareBasicAndDiluted`	$-0.54	USD	1 Quarter
Weighted average number of shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.88M	shares	1 Quarter
Weighted average number of shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.93M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-16.71M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-29.45M	USD	1 Quarter
Depreciation, amortization and accrued contingencies	`AdjustmentForDepreciationAmortizationAndAccruedContingencies`	$1.48M	USD	1 Quarter
Depreciation, amortization and accrued contingencies	`AdjustmentForDepreciationAmortizationAndAccruedContingencies`	$-599.00K	USD	1 Quarter
Retirement pension obligations	`AdjustmentForRetirementPensionObligations`	$-9.00K	USD	1 Quarter
Retirement pension obligations	`AdjustmentForRetirementPensionObligations`	-	USD	1 Quarter
Expenses related to share-based payments	`ShareBasedCompensation`	$1.43M	USD	1 Quarter
Expenses related to share-based payments	`ShareBasedCompensation`	$1.36M	USD	1 Quarter
Other elements	`OtherNoncashIncomeExpense`	$3.00K	USD	1 Quarter
Other elements	`OtherNoncashIncomeExpense`	$456.00K	USD	1 Quarter
Decrease (increase) in trade receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Decrease (increase) in trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.10M	USD	1 Quarter
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$417.00K	USD	1 Quarter
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-20.46M	USD	1 Quarter
(Decrease) increase in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-19.00K	USD	1 Quarter
(Decrease) increase in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-2.57M	USD	1 Quarter
(Decrease) increase in other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.12M	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`	$353.00K	USD	1 Quarter
Change in operating lease liabilities and right of use assets	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$1.85M	USD	1 Quarter
Net cash flow used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.20M	USD	1 Quarter
Net cash flow used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.48M	USD	1 Quarter
Acquisitions of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$184.00K	USD	1 Quarter
Acquisitions of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$131.00K	USD	1 Quarter
Proceeds from property, plant and equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Proceeds from property, plant and equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Acquisitions of non-current financial assets	`PaymentsToAcquireInvestments`	$40.00K	USD	1 Quarter
Acquisitions of non-current financial assets	`PaymentsToAcquireInvestments`	$1.00K	USD	1 Quarter
Proceeds from non-current financial assets	`ProceedsFromnonCurrentfinancialAssets`	$179.00K	USD	1 Quarter
Proceeds from non-current financial assets	`ProceedsFromnonCurrentfinancialAssets`	-	USD	1 Quarter
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$11.00K	USD	1 Quarter
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-185.00K	USD	1 Quarter
(Decrease) in conditional advances	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-168.00K	USD	1 Quarter
(Decrease) in conditional advances	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-164.00K	USD	1 Quarter
Treasury shares	`ProceedsFromRepaymentOfTreasuryStock`	$578.00K	USD	1 Quarter
Treasury shares	`ProceedsFromRepaymentOfTreasuryStock`	$40.00K	USD	1 Quarter
Capital increases, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	$42.00K	USD	1 Quarter
Capital increases, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Other cash flows related to financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-17.00K	USD	1 Quarter
Other cash flows related to financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash flows (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$440.00K	USD	1 Quarter
Net cash flows (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-129.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.59M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-7.94M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.19M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-43.89M	USD	1 Quarter
Net cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$196.35M	USD	Point-in-time
Net cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.11M	USD	Point-in-time
Net cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.46M	USD	Point-in-time
Net cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$77.30M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$196.35M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.11M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.46M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$77.30M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$205.49M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$82.06M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$169.18M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$99.27M	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-16.71M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-29.45M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-1.91M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-8.83M	USD	1 Quarter
Issuance of ordinary shares	`StockIssuedDuringPeriodValueNewIssues`	$1.00K	USD	1 Quarter
Issuance of ordinary shares	`StockIssuedDuringPeriodValueNewIssues`	$42.00K	USD	1 Quarter
Treasury shares	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$40.00K	USD	1 Quarter
Treasury shares	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$488.00K	USD	1 Quarter
Share-based payments	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.36M	USD	1 Quarter
Share-based payments	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.43M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$205.49M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$82.06M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$169.18M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$99.27M	USD	Point-in-time

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