10-Q Filing

AURINIA PHARMACEUTICALS INC. CIK: 1600620 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001600620-23-000012`
Period End Date	20230331
Filing Date	20230504
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	auph-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 36 Cash Flow Statement 66 Stockholders Equity 21

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value ($ per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value ($ per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	143.03M	shares	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	142.27M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$94.17M	USD	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	142.27M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$89.00M	USD	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	143.03M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$231.90M	USD	Point-in-time
Short-term investments	`DebtSecuritiesCurrent`	$295.22M	USD	Point-in-time
Short-term investments	`DebtSecuritiesCurrent`	$272.53M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$19.05M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$13.48M	USD	Point-in-time
Inventories, net	`InventoryNet`	$31.75M	USD	Point-in-time
Inventories, net	`InventoryNet`	$24.75M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.10M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$13.58M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.33M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$442.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$423.65M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.34M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.65M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.84M	USD	Point-in-time
Acquired intellectual property and other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$6.10M	USD	Point-in-time
Acquired intellectual property and other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$6.42M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$4.81M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$4.91M	USD	Point-in-time
Total assets	`Assets`	$451.76M	USD	Point-in-time
Total assets	`Assets`	$470.86M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$39.99M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.97M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.16M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.15M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.03M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.98M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$936.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$945.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$42.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.11M	USD	Point-in-time
Deferred compensation and other non-current liabilities	`OtherLiabilitiesNoncurrent`	$12.17M	USD	Point-in-time
Deferred compensation and other non-current liabilities	`OtherLiabilitiesNoncurrent`	$12.32M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$7.15M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$6.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$65.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$61.35M	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares - no par value, unlimited shares authorized, 143,029 and 142,268 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValueOutstanding`	$1.19B	USD	Point-in-time
Common shares - no par value, unlimited shares authorized, 143,029 and 142,268 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValueOutstanding`	$1.19B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$85.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$88.89M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-988.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-864.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-890.51M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$405.44M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$448.12M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$479.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$390.41M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$470.86M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$451.76M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Unrealized gain on available-for-sale securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	1 Quarter
Unrealized gain on available-for-sale securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	1 Quarter
Total revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$21.62M	USD	1 Quarter
Total revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$34.41M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$421.00K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$256.00K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$45.20M	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$50.12M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.16M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$12.62M	USD	1 Quarter
Other expense, net	`OtherOperatingIncomeExpenseNet`	$-290.00K	USD	1 Quarter
Other expense, net	`OtherOperatingIncomeExpenseNet`	$-1.43M	USD	1 Quarter
Total cost of sales and operating expenses	`CostsAndExpenses`	$63.99M	USD	1 Quarter
Total cost of sales and operating expenses	`CostsAndExpenses`	$59.51M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-37.88M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-29.58M	USD	1 Quarter
Interest income	`InterestIncomeExpenseNonoperatingNet`	$3.81M	USD	1 Quarter
Interest income	`InterestIncomeExpenseNonoperatingNet`	$262.00K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-37.62M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-25.77M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$436.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-37.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.21M	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities, net of tax of nil	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$73.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities, net of tax of nil	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-766.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-26.13M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-38.40M	USD	1 Quarter
Basic loss per share ($ per share)	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Basic loss per share ($ per share)	`EarningsPerShareBasic`	$-0.27	USD	1 Quarter
Diluted loss per share ($ per share)	`EarningsPerShareDiluted`	$-0.27	USD	1 Quarter
Diluted loss per share ($ per share)	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Weighted-average common shares outstanding used in computation of basic loss per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	141.68M	shares	1 Quarter
Weighted-average common shares outstanding used in computation of basic loss per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	142.64M	shares	1 Quarter
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.64M	shares	1 Quarter
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	141.68M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-37.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.21M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$687.00K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$623.00K	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$151.00K	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$94.00K	USD	1 Quarter
Net amortization of premiums and discounts on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$2.61M	USD	1 Quarter
Net amortization of premiums and discounts on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-140.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$7.02M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$9.47M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-217.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-1.37M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$5.56M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$4.99M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$6.99M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$6.94M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-307.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-3.59M	USD	1 Quarter
Non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
Non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$17.00K	USD	1 Quarter
Accounts payable, accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.12M	USD	1 Quarter
Accounts payable, accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.70M	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-168.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-156.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.75M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.67M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireMarketableSecurities`	$142.40M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireMarketableSecurities`	$163.50M	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$167.77M	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$110.57M	USD	1 Quarter
Purchase of long-lived assets	`PaymentsToAcquireOtherProductiveAssets`	$347.00K	USD	1 Quarter
Purchase of long-lived assets	`PaymentsToAcquireOtherProductiveAssets`	$79.00K	USD	1 Quarter
Capitalized patent costs	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Capitalized patent costs	`PaymentsToAcquireIntangibleAssets`	$162.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$24.86M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.02M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.64M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$405.00K	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.64M	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$405.00K	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-99.36M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.17M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$94.17M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$89.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$231.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$94.17M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$89.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$231.90M	USD	Point-in-time
Cash received for interest	`ProceedsFromInterestReceived`	$13.00K	USD	1 Quarter
Cash received for interest	`ProceedsFromInterestReceived`	$1.59M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for amounts included in the measurement of lease liabilities	`CapitalLeaseObligationsIncurred`	$281.00K	USD	1 Quarter
Cash paid for amounts included in the measurement of lease liabilities	`CapitalLeaseObligationsIncurred`	$263.00K	USD	1 Quarter
Initial recognition of operating lease right-of-use asset	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Initial recognition of operating lease right-of-use asset	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Cash, cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.64M	USD	Point-in-time
Cash, cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.33M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$906.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$674.00K	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$94.17M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.54M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$89.00M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$231.90M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance (in shares)	`CommonStockSharesOutstanding`	142.27M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	143.03M	shares	Point-in-time
Balance	`StockholdersEquity`	$405.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$448.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$479.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$390.41M	USD	Point-in-time
Shares issued on exercise of stock options and vesting of restricted stock units (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	319,000.00	shares	1 Quarter
Shares issued on exercise of stock options and vesting of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.64M	USD	1 Quarter
Shares issued on exercise of stock options and vesting of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsExercised`	$405.00K	USD	1 Quarter
Shared-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.02M	USD	1 Quarter
Shared-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.47M	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities, net of tax of nil	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$73.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities, net of tax of nil	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-766.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-37.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.21M	USD	1 Quarter
Balance (in shares)	`CommonStockSharesOutstanding`	142.27M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	143.03M	shares	Point-in-time
Balance	`StockholdersEquity`	$405.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$448.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$479.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$390.41M	USD	Point-in-time

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