10-Q Filing

KINIKSA PHARMACEUTICALS INTERNATIONAL, PLC CIK: 1730430 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-008113`
Period End Date	20230331
Filing Date	20230504
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	knsa-20230331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 58 Stockholders Equity 16

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.72M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$106.88M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$67.89M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.66M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.42M	USD	Point-in-time
Contract asset	`ContractWithCustomerAssetNetCurrent`	$7.66M	USD	Point-in-time
Inventory	`InventoryNet`	$23.43M	USD	Point-in-time
Inventory	`InventoryNet`	$21.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.54M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$243.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$231.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.39M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.23M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.38M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.82M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$2.32M	USD	Point-in-time
Intangible asset, net	`FiniteLivedIntangibleAssetsNet`	$18.00M	USD	Point-in-time
Intangible asset, net	`FiniteLivedIntangibleAssetsNet`	$18.25M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$185.50M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$184.42M	USD	Point-in-time
Total assets	`Assets`	$442.86M	USD	Point-in-time
Total assets	`Assets`	$459.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.90M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$30.11M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$20.89M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$6.50M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.30M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.48M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.75M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$36.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.07M	USD	Point-in-time
Non-current deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$12.16M	USD	Point-in-time
Non-current deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$12.00M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.62M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.13M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.84M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$52.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$63.52M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$888.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$894.33M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$44.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$55.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-492.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-504.30M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$185.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$390.10M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$396.15M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$166.24M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$442.86M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$459.67M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Product revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$48.34M	USD	1 Quarter
Product revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.19M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$15.17M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.82M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$22.22M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$29.05M	USD	1 Quarter
Total operating expenses	`TotalCostOfRevenueAndOperatingExpenses`	$55.51M	USD	1 Quarter
Total operating expenses	`TotalCostOfRevenueAndOperatingExpenses`	$59.54M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-11.20M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-23.32M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$1.83M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$34.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.36M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-23.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.93M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.91M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.21M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.27M	USD	1 Quarter
Net loss per share attributable to common shareholders, basic	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Net loss per share attributable to common shareholders, basic	`EarningsPerShareBasic`	$-0.36	USD	1 Quarter
Net loss per share attributable to common shareholders, diluted	`EarningsPerShareDiluted`	$-0.36	USD	1 Quarter
Net loss per share attributable to common shareholders, diluted	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Weighted average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	69.75M	shares	1 Quarter
Weighted average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	69.14M	shares	1 Quarter
Weighted average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.14M	shares	1 Quarter
Weighted average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.75M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-12.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.21M	USD	1 Quarter
Unrealized gain (loss) on short-term investments and currency translation adjustments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-37.00K	USD	1 Quarter
Unrealized gain (loss) on short-term investments and currency translation adjustments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$11.00K	USD	1 Quarter
Total other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-37.00K	USD	1 Quarter
Total other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$11.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-25.25M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-12.26M	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-25.21M	USD	1 Quarter
Net loss	`ProfitLoss`	$-12.27M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$656.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$596.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$6.12M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$6.03M	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$735.00K	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$841.00K	USD	1 Quarter
Amortization of premiums and accretion of discounts on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-164.00K	USD	1 Quarter
Amortization of premiums and accretion of discounts on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.06M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-175.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.08M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.63M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.93M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-5.24M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$25.45M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.83M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$9.55M	USD	1 Quarter
Contract asset	`IncreaseDecreaseInContractWithCustomerAsset`	$-7.66M	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-3.27M	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-2.75M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.51M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.51M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.08M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.65M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-643.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-988.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$12.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$6.66M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$45.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.27M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.85M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.00K	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$52.90M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$30.22M	USD	1 Quarter
Proceeds from the maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$15.00M	USD	1 Quarter
Proceeds from the maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$7.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.72M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.92M	USD	1 Quarter
Proceeds from issuance of Class A common shares under incentive award plans and employee share purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$510.00K	USD	1 Quarter
Proceeds from issuance of Class A common shares under incentive award plans and employee share purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$992.00K	USD	1 Quarter
Payments in connection with Common Stock tendered for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$569.00K	USD	1 Quarter
Payments in connection with Common Stock tendered for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$420.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$423.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-42.10M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-59.15M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.72M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.62M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$3.20M	USD	1 Quarter
Right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$684.00K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning of the period	`StockholdersEquity`	$185.04M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$390.10M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$396.15M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$166.24M	USD	Point-in-time
Issuance of Class A common shares under incentive award plans	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$90.00K	USD	1 Quarter
Issuance of Class A common shares under incentive award plans	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$423.00K	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.12M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.03M	USD	1 Quarter
Unrealized gain (loss) on short-term investments and currency translation adjustments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-37.00K	USD	1 Quarter
Unrealized gain (loss) on short-term investments and currency translation adjustments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$11.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.21M	USD	1 Quarter
Balance at the end of the period	`StockholdersEquity`	$185.04M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$390.10M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$396.15M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$166.24M	USD	Point-in-time

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