10-K Filing

DBV TECHNOLOGIES S.A. CIK: 1613780 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001193125-24-062357`
Period End Date	20231231
Filing Date	20240307
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	d683856d10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 34 Cash Flow Statement 56 Stockholders Equity 20

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$141.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$209.19M	USD	Point-in-time
Trade receivables	`ReceivablesNetCurrent`	-	USD	Point-in-time
Trade receivables	`ReceivablesNetCurrent`	-	USD	Point-in-time
Treasury stock, common, shares	`TreasuryStockCommonShares`	222,988.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.55M	USD	Point-in-time
Treasury stock, common, shares	`TreasuryStockCommonShares`	149,793.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$158.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$223.07M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$15.10M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$12.62M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$18.15M	USD	Point-in-time
Right-of-use assets related to operating leases	`OperatingLeaseRightOfUseAsset`	$5.25M	USD	Point-in-time
Right-of-use assets related to operating leases	`OperatingLeaseRightOfUseAsset`	$2.51M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$58.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$10.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$6.14M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.82M	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$23.44M	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$24.07M	USD	Point-in-time
Total Assets	`Assets`	$182.99M	USD	Point-in-time
Total Assets	`Assets`	$246.52M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$14.47M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$23.30M	USD	Point-in-time
Short-term operating leases	`OperatingLeaseLiabilityCurrent`	$1.14M	USD	Point-in-time
Short-term operating leases	`OperatingLeaseLiabilityCurrent`	$1.89M	USD	Point-in-time
Short-term financial debt	`ShortTermFinancialDebtCurrent`	-	USD	Point-in-time
Short-term financial debt	`ShortTermFinancialDebtCurrent`	-	USD	Point-in-time
Current contingencies	`ProvisionForLiabilitiesCurrent`	$3.94M	USD	Point-in-time
Current contingencies	`ProvisionForLiabilitiesCurrent`	$3.96M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.93M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$9.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.34M	USD	Point-in-time
Long-term operating leases	`OperatingLeaseLiabilityNoncurrent`	$1.13M	USD	Point-in-time
Long-term operating leases	`OperatingLeaseLiabilityNoncurrent`	$4.53M	USD	Point-in-time
Long-term financial debt	`LongTermFinancialDebtNoncurrent`	-	USD	Point-in-time
Long-term financial debt	`LongTermFinancialDebtNoncurrent`	-	USD	Point-in-time
Non-current contingencies	`ProvisionForLiabilitiesNoncurrent`	$16.68M	USD	Point-in-time
Non-current contingencies	`ProvisionForLiabilitiesNoncurrent`	$935.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.74M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$22.54M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$5.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$52.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$42.80M	USD	Point-in-time
Ordinary shares, 0.10 par value; 94,137,145 and 96,431,770 shares authorized,and issued as at December 31, 2022 and 2023, respectively	`CommonStockValue`	$10.72M	USD	Point-in-time
Ordinary shares, 0.10 par value; 94,137,145 and 96,431,770 shares authorized,and issued as at December 31, 2022 and 2023, respectively	`CommonStockValue`	$10.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$458.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$377.47M	USD	Point-in-time
Treasury stock, 222,988 and 149,793 ordinary shares as of December 31, 2023 and 2022, respectively, at cost	`TreasuryStockValue`	$1.11M	USD	Point-in-time
Treasury stock, 222,988 and 149,793 ordinary shares as of December 31, 2023 and 2022, respectively, at cost	`TreasuryStockValue`	$1.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-238.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-259.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$781.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$742.00K	USD	Point-in-time
Accumulated currency translation effect	`AccumulatedForeignCurrencyTranslationAdjustmentNetOfTax`	$-8.87M	USD	Point-in-time
Accumulated currency translation effect	`AccumulatedForeignCurrencyTranslationAdjustmentNetOfTax`	$-14.58M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$194.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$99.27M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$140.19M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$246.52M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$182.99M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Operating income	`Revenues`	$4.84M	USD	Annual
Operating income	`Revenues`	$15.73M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$75.54M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$60.22M	USD	Annual
Sales & marketing expenses	`SellingAndMarketingExpense`	$1.61M	USD	Annual
Sales & marketing expenses	`SellingAndMarketingExpense`	$2.44M	USD	Annual
General & administrative expenses	`GeneralAndAdministrativeExpense`	$24.32M	USD	Annual
General & administrative expenses	`GeneralAndAdministrativeExpense`	$29.50M	USD	Annual
Total Operating expenses	`OperatingExpenses`	$92.16M	USD	Annual
Total Operating expenses	`OperatingExpenses`	$101.47M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-76.43M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-96.63M	USD	Annual
Financial income (expenses)	`FinanceIncomeExpenses`	$3.71M	USD	Annual
Financial income (expenses)	`FinanceIncomeExpenses`	$427.00K	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-96.20M	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-72.72M	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	$70.00K	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	$7.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-96.27M	USD	Annual
Net loss	`NetIncomeLoss`	$-72.73M	USD	Annual
Foreign currency translation differences, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.43M	USD	Annual
Foreign currency translation differences, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.71M	USD	Annual
Actuarial gains on employee benefits, net of taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$262.00K	USD	Annual
Actuarial gains on employee benefits, net of taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-38.00K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-104.44M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-67.05M	USD	Annual
Basic Net loss per share attributable to shareholders	`EarningsPerShareBasic`	$-1.24	USD	Annual
Basic Net loss per share attributable to shareholders	`EarningsPerShareBasic`	$-0.76	USD	Annual
Weighted average number of shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfSharesOutstandingBasic`	95.12M	shares	Annual
Weighted average number of shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfSharesOutstandingBasic`	77.38M	shares	Annual
Diluted Net loss per share attributable to shareholders	`EarningsPerShareDiluted`	$-1.24	USD	Annual
Diluted Net loss per share attributable to shareholders	`EarningsPerShareDiluted`	$-0.76	USD	Annual
Weighted average number of shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.12M	shares	Annual
Weighted average number of shares outstanding used in computing per share amounts:	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.38M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-96.27M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-72.73M	USD	Annual
Depreciation, amortization and accrued contingencies	`AdjustmentForDepreciationAmortizationAndAccruedContingencies`	$13.16M	USD	Annual
Depreciation, amortization and accrued contingencies	`AdjustmentForDepreciationAmortizationAndAccruedContingencies`	$-14.00M	USD	Annual
Retirement pension obligations	`AdjustmentForRetirementPensionObligations`	$105.00K	USD	Annual
Retirement pension obligations	`AdjustmentForRetirementPensionObligations`	$76.00K	USD	Annual
Expenses related to share-based payments	`ShareBasedCompensation`	$5.03M	USD	Annual
Expenses related to share-based payments	`ShareBasedCompensation`	$6.02M	USD	Annual
Other elements	`OtherNoncashIncomeExpense`	$7.00K	USD	Annual
Other elements	`OtherNoncashIncomeExpense`	$-23.00K	USD	Annual
Decrease (increase) in inventories and work in progress	`IncreaseDecreaseInInventories`	-	USD	Annual
Decrease (increase) in inventories and work in progress	`IncreaseDecreaseInInventories`	-	USD	Annual
Decrease (increase) in trade receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Decrease (increase) in trade receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-20.96M	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.79M	USD	Annual
(Decrease) increase in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$3.46M	USD	Annual
(Decrease) increase in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$8.42M	USD	Annual
(Decrease) increase in other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-5.33M	USD	Annual
(Decrease) increase in other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$152.00K	USD	Annual
Change in operating lease liabilities and right of use assets	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$2.25M	USD	Annual
Change in operating lease liabilities and right of use assets	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$-1.66M	USD	Annual
Net cash flow used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-79.65M	USD	Annual
Net cash flow used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-55.67M	USD	Annual
Acquisitions of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$754.00K	USD	Annual
Acquisitions of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$677.00K	USD	Annual
Proceeds from property, plant, and equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from property, plant, and equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	Annual
Acquisitions of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Acquisitions of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Acquisitions of non-current financial assets	`PaymentsToAcquireInvestments`	$123.00K	USD	Annual
Acquisitions of non-current financial assets	`PaymentsToAcquireInvestments`	$285.00K	USD	Annual
Proceeds from non-current financial assets dispositions	`ProceedsFromNonCurrentFinancialAssets`	$154.00K	USD	Annual
Proceeds from non-current financial assets dispositions	`ProceedsFromNonCurrentFinancialAssets`	$770.00K	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-808.00K	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.00K	USD	Annual
(Decrease) increase in conditional advances	`ProceedsFromRepaymentsOfOtherLongTermDebt`	-	USD	Annual
(Decrease) increase in conditional advances	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-474.00K	USD	Annual
Treasury shares	`ProceedsFromRepaymentOfTreasuryStock`	$-154.00K	USD	Annual
Treasury shares	`ProceedsFromRepaymentOfTreasuryStock`	$123.00K	USD	Annual
Capital increases, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	$194.47M	USD	Annual
Capital increases, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	$6.92M	USD	Annual
Other cash flows related to financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
Other cash flows related to financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$194.12M	USD	Annual
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.77M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-6.46M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.87M	USD	Annual
Net (decrease) / increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$131.89M	USD	Annual
Net (decrease) / increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-67.83M	USD	Annual
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`	$77.30M	USD	Point-in-time
Net cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.37M	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`	$77.30M	USD	Point-in-time
Net cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.37M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$194.45M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$99.27M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$140.19M	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$-96.27M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-72.73M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$5.67M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-8.17M	USD	Annual
Issuance of ordinary shares	`StockIssuedDuringPeriodValueNewIssues`	$106.38M	USD	Annual
Issuance of ordinary shares	`StockIssuedDuringPeriodValueNewIssues`	3.29M	EUR	Annual
Issuance of ordinary shares	`StockIssuedDuringPeriodValueNewIssues`	$6.92M	USD	Annual
Issuance of share warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$88.07M	USD	Annual
Issuance of share warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	-	USD	Annual
Treasury shares	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$123.00K	USD	Annual
Treasury shares	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$-154.00K	USD	Annual
Share-based payments (income) expenses	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	95.28M	EUR	Annual
Share-based payments (income) expenses	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.02M	USD	Annual
Share-based payments (income) expenses	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.03M	USD	Annual
Ending balance	`StockholdersEquity`	$194.45M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$99.27M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$140.19M	USD	Point-in-time

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