10-Q Filing

Q32 Bio Inc. CIK: 1661998 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-018819`
Period End Date	20190331
Filing Date	20190513
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	fixx-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 24 Cash Flow Statement 53 Stockholders Equity 21 Comprehensive Income 9

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.22M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.84M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$176.52M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$147.13M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.54M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.95M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$190.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$221.69M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.98M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$35.64M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.56M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.51M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.36M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.44M	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$266.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.77M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.27M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.77M	USD	Point-in-time
Total assets	`Assets`	$233.03M	USD	Point-in-time
Total assets	`Assets`	$259.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.73M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherLiabilitiesCurrent`	$5.04M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherLiabilitiesCurrent`	$3.79M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$977.00K	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$1.16M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$905.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$770.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.52M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$9.47M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$10.59M	USD	Point-in-time
Deferred revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$30.52M	USD	Point-in-time
Deferred revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$30.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$58.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$62.74M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of March 31, 2019 and December 31, 2018; no shares issued and outstanding at March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of March 31, 2019 and December 31, 2018; no shares issued and outstanding at March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 200,000,000 shares authorized as of March 31, 2019 and December 31, 2018; 37,557,002 and 37,509,815 shares issued as of March 31, 2019 and December 31, 2018, respectively; and 37,437,297 and 37,358,526 shares outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $0.0001 par value; 200,000,000 shares authorized as of March 31, 2019 and December 31, 2018; 37,557,002 and 37,509,815 shares issued as of March 31, 2019 and December 31, 2018, respectively; and 37,437,297 and 37,358,526 shares outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$293.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$292.19M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.00K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-77.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-95.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-119.61M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-39.45M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-49.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$196.35M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$174.26M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$259.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$233.03M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Collaboration revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.13M	USD	1 Quarter
Collaboration revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$270.00K	USD	1 Quarter
Collaboration revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.32M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$8.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.54M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$25.39M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.82M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-59.93M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-25.12M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-10.70M	USD	1 Quarter
Interest income	`InvestmentIncomeNonoperating`	$479.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNonoperating`	$1.27M	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$479.00K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$1.27M	USD	1 Quarter
Net loss and net loss attributable to common stockholders-basic and diluted	`NetIncomeLoss`	$-10.22M	USD	1 Quarter
Net loss and net loss attributable to common stockholders-basic and diluted	`NetIncomeLoss`	$-55.58M	USD	Annual
Net loss and net loss attributable to common stockholders-basic and diluted	`NetIncomeLoss`	$-23.85M	USD	1 Quarter
Net loss per share attributable to common stockholders-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.64	USD	1 Quarter
Net loss per share attributable to common stockholders-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-4.09	USD	1 Quarter
Net loss per share attributable to common stockholders-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.95	USD	Annual
Weighted-average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.50M	shares	1 Quarter
Weighted-average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.38M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-23.85M	USD	1 Quarter
Net loss	`ProfitLoss`	$-10.22M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.58M	USD	Annual
Depreciation	`Depreciation`	$1.27M	USD	1 Quarter
Depreciation	`Depreciation`	$221.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.24M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$380.00K	USD	1 Quarter
Accretion on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$123.00K	USD	1 Quarter
Accretion on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$661.00K	USD	1 Quarter
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.41M	USD	1 Quarter
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.73M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$511.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-85.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.40M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-764.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-92.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-463.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.89M	USD	Annual
Deferred rent	`IncreaseDecreaseInPrepaidRent`	$-1.30M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInPrepaidRent`	$-1.14M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.87M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.04M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$18.59M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$84.47M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$26.27M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$114.60M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.47M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.03M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.64M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$19.67M	USD	1 Quarter
Proceeds from issuance of common stock from option exercises	`ProceedsFromStockOptionsExercised`	$69.00K	USD	1 Quarter
Proceeds from issuance of common stock from option exercises	`ProceedsFromStockOptionsExercised`	$21.00K	USD	1 Quarter
Proceeds from issuance of common stock pursuant to employee stock purchase plan	`ProceedsFromStockPlans`	$396.00K	USD	1 Quarter
Payment of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$92.00K	USD	1 Quarter
Payment of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$1.03M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-958.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$325.00K	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.36M	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.12M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$53.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.11M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$39.99M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$47.98M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$47.98M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$39.99M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.11M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$53.35M	USD	Point-in-time
Reclassification of liability for common stock vested	`ReclassificationOfLiabilityForCommonStockVestedInNoncashTransactions`	$18.00K	USD	1 Quarter
Reclassification of liability for common stock vested	`ReclassificationOfLiabilityForCommonStockVestedInNoncashTransactions`	$16.00K	USD	1 Quarter
Property and equipment additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$27.00K	USD	1 Quarter
Property and equipment additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$5.27M	USD	1 Quarter
Deferred offering costs included in accounts payable and accrued expenses	`DeferredOfferingCostsIncludedInAccountsPayableAndAccruedExpenses`	$174.00K	USD	1 Quarter
Deferred offering costs included in accounts payable and accrued expenses	`DeferredOfferingCostsIncludedInAccountsPayableAndAccruedExpenses`	$2.05M	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-39.45M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-49.22M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$196.35M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$174.26M	USD	Point-in-time
Vesting of common stock from option exercises	`StockIssuedDuringPeriodValueVestingOfCommonStockFromOptionExercise`	$18.00K	USD	1 Quarter
Vesting of common stock from option exercises	`StockIssuedDuringPeriodValueVestingOfCommonStockFromOptionExercise`	$16.00K	USD	1 Quarter
Issuance of common stock from option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$21.00K	USD	1 Quarter
Issuance of common stock from option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$69.00K	USD	1 Quarter
Issuance of common stock from option exercises, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	18,876.00	shares	1 Quarter
Issuance of common stock pursuant toemployee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$396.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.24M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$380.00K	USD	1 Quarter
Other comprehensive (loss) gain	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Other comprehensive (loss) gain	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$83.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.22M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-55.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-23.85M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-39.45M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-49.22M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$196.35M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$174.26M	USD	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-10.22M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-55.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-23.85M	USD	1 Quarter
Change in unrealized gain (loss) on available for sale securities, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-13.00K	USD	1 Quarter
Change in unrealized gain (loss) on available for sale securities, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$83.00K	USD	1 Quarter
Total other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Total other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$83.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-10.23M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-23.77M	USD	1 Quarter

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