10-Q Filing

DBV TECHNOLOGIES S.A. CIK: 1613780 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001193125-23-136030`
Period End Date	20230331
Filing Date	20230504
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	d475153d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 48 Stockholders Equity 18

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Treasury stock, common, shares	`TreasuryStockCommonShares`	149,793.00	shares	Point-in-time
Treasury stock, common, shares	`TreasuryStockCommonShares`	157,654.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$192.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$209.19M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.88M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$223.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$210.24M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$15.10M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$14.79M	USD	Point-in-time
Right-of-use assets related to operating leases	`OperatingLeaseRightOfUseAsset`	$2.51M	USD	Point-in-time
Right-of-use assets related to operating leases	`OperatingLeaseRightOfUseAsset`	$2.13M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$10.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$10.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.77M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.82M	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$22.69M	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$23.44M	USD	Point-in-time
Total Assets	`Assets`	$232.93M	USD	Point-in-time
Total Assets	`Assets`	$246.52M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$19.94M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$14.47M	USD	Point-in-time
Short-term operating leases	`OperatingLeaseLiabilityCurrent`	$1.89M	USD	Point-in-time
Short-term operating leases	`OperatingLeaseLiabilityCurrent`	$1.92M	USD	Point-in-time
Current contingencies	`ProvisionForLiabilitiesCurrent`	$3.94M	USD	Point-in-time
Current contingencies	`ProvisionForLiabilitiesCurrent`	$4.14M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$9.21M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.52M	USD	Point-in-time
Long-term operating leases	`OperatingLeaseLiabilityNoncurrent`	$1.13M	USD	Point-in-time
Long-term operating leases	`OperatingLeaseLiabilityNoncurrent`	$680.00K	USD	Point-in-time
Non-current contingencies	`ProvisionForLiabilitiesNoncurrent`	$16.68M	USD	Point-in-time
Non-current contingencies	`ProvisionForLiabilitiesNoncurrent`	$15.99M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.74M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.39M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$21.06M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$22.54M	USD	Point-in-time
Total Liabilities	`Liabilities`	$53.83M	USD	Point-in-time
Total Liabilities	`Liabilities`	$52.06M	USD	Point-in-time
Ordinary shares, 0.10 par value; 94,147,319 and 94,137,145 shares authorized, and issued as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$10.72M	USD	Point-in-time
Ordinary shares, 0.10 par value; 94,147,319 and 94,137,145 shares authorized, and issued as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$10.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$458.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$459.85M	USD	Point-in-time
Treasury stock, 157,654 and 149,793 ordinary shares as of March 31, 2023 and December 31, 2022, respectively, at cost	`TreasuryStockValue`	$1.12M	USD	Point-in-time
Treasury stock, 157,654 and 149,793 ordinary shares as of March 31, 2023 and December 31, 2022, respectively, at cost	`TreasuryStockValue`	$1.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-280.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-259.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$698.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$781.00K	USD	Point-in-time
Accumulated currency translation effect	`AccumulatedForeignCurrencyTranslationAdjustmentNetOfTax`	$-10.91M	USD	Point-in-time
Accumulated currency translation effect	`AccumulatedForeignCurrencyTranslationAdjustmentNetOfTax`	$-14.58M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$99.27M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$82.06M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$194.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$179.09M	USD	Point-in-time
Total Liabilities and Shareholders' equity	`LiabilitiesAndStockholdersEquity`	$246.52M	USD	Point-in-time
Total Liabilities and Shareholders' equity	`LiabilitiesAndStockholdersEquity`	$232.93M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Operating income	`Revenues`	$2.55M	USD	1 Quarter
Operating income	`Revenues`	$2.19M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$16.04M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$12.22M	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$434.00K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$464.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.63M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.89M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$19.32M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$23.36M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-16.77M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.16M	USD	1 Quarter
Financial income(expenses)	`FinanceIncomeExpenses`	$605.00K	USD	1 Quarter
Financial income(expenses)	`FinanceIncomeExpenses`	$152.00K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.62M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.56M	USD	1 Quarter
Income tax (expense)	`IncomeTaxExpenseBenefit`	$87.00K	USD	1 Quarter
Income tax (expense)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.56M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.71M	USD	1 Quarter
Foreign currency translation differences, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.93M	USD	1 Quarter
Foreign currency translation differences, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.67M	USD	1 Quarter
Actuarial gains (losses) on employee benefits, net of taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$24.00K	USD	1 Quarter
Actuarial gains (losses) on employee benefits, net of taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-82.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-16.98M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-18.61M	USD	1 Quarter
Basic Net loss per share attributable to shareholders	`EarningsPerShareBasic`	$-0.30	USD	1 Quarter
Basic Net loss per share attributable to shareholders	`EarningsPerShareBasic`	$-0.22	USD	1 Quarter
Weighted average number of shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfSharesOutstandingBasic`	93.97M	shares	1 Quarter
Weighted average number of shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfSharesOutstandingBasic`	54.93M	shares	1 Quarter
Diluted Net loss per share attributable to shareholders	`EarningsPerShareDiluted`	$-0.30	USD	1 Quarter
Diluted Net loss per share attributable to shareholders	`EarningsPerShareDiluted`	$-0.22	USD	1 Quarter
Weighted average number of shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.97M	shares	1 Quarter
Weighted average number of shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.93M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-20.56M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-16.71M	USD	1 Quarter
Depreciation, amortization and accrued contingencies	`AdjustmentForDepreciationAmortizationAndAccruedContingencies`	$-228.00K	USD	1 Quarter
Depreciation, amortization and accrued contingencies	`AdjustmentForDepreciationAmortizationAndAccruedContingencies`	$-599.00K	USD	1 Quarter
Retirement pension obligations	`AdjustmentForRetirementPensionObligations`	$-35.00K	USD	1 Quarter
Retirement pension obligations	`AdjustmentForRetirementPensionObligations`	$-9.00K	USD	1 Quarter
Expenses related to share-based payments	`ShareBasedCompensation`	$1.36M	USD	1 Quarter
Expenses related to share-based payments	`ShareBasedCompensation`	$1.63M	USD	1 Quarter
Other elements	`OtherNoncashIncomeExpense`	$3.00K	USD	1 Quarter
Other elements	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.10M	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`	$4.48M	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`	$-2.99M	USD	1 Quarter
Change in operating lease liabilities and right of use assets	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$1.85M	USD	1 Quarter
Change in operating lease liabilities and right of use assets	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$42.00K	USD	1 Quarter
Net cash flow provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.84M	USD	1 Quarter
Net cash flow provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.48M	USD	1 Quarter
Acquisitions of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$111.00K	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`	-	USD	1 Quarter
Acquisitions of non-current financial assets	`PaymentsToAcquireInvestments`	$40.00K	USD	1 Quarter
Proceeds from non-current financial assets dispositions	`ProceedsFromNonCurrentFinancialAssets`	$153.00K	USD	1 Quarter
Proceeds from non-current financial assets dispositions	`ProceedsFromNonCurrentFinancialAssets`	$179.00K	USD	1 Quarter
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$42.00K	USD	1 Quarter
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$11.00K	USD	1 Quarter
(Decrease) increase in conditional advances	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-168.00K	USD	1 Quarter
(Decrease) increase in conditional advances	`ProceedsFromRepaymentsOfOtherLongTermDebt`	-	USD	1 Quarter
Treasury shares	`ProceedsFromRepaymentOfTreasuryStock`	$-14.00K	USD	1 Quarter
Treasury shares	`ProceedsFromRepaymentOfTreasuryStock`	$40.00K	USD	1 Quarter
Net cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.00K	USD	1 Quarter
Net cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-129.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.91M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.59M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-16.91M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.19M	USD	1 Quarter
Net Cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$209.19M	USD	Point-in-time
Net Cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$192.29M	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`	$77.30M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$209.19M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$192.29M	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`	$77.30M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$99.27M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$82.06M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$194.45M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$179.09M	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-20.56M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-16.71M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.91M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$3.58M	USD	1 Quarter
Insuance of ordinary shares	`StockIssuedDuringPeriodValueNewIssues`	$1.00K	USD	1 Quarter
Insuance of ordinary shares	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Treasury shares	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$40.00K	USD	1 Quarter
Treasury shares	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$-14.00K	USD	1 Quarter
Share-based payments	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.63M	USD	1 Quarter
Share-based payments	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.36M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$99.27M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$82.06M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$194.45M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$179.09M	USD	Point-in-time

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