10-Q Filing

ACCELERATE DIAGNOSTICS, INC CIK: 727207 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001628280-16-018725`
Period End Date	20160630
Filing Date	20160808
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	axdx-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 80 Cash Flow Statement 60

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized (shares)	`CommonStockSharesAuthorized`	55.00M	shares	Point-in-time
Common Stock, shares authorized (shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common Stock, shares issued (shares)	`CommonStockSharesIssued`	51.22M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Common Stock, shares issued (shares)	`CommonStockSharesIssued`	51.19M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.58M	USD	Point-in-time
Common Stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	51.22M	shares	Point-in-time
Investments	`Investments`	$11.84M	USD	Point-in-time
Investments	`Investments`	$64.92M	USD	Point-in-time
Common Stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	51.19M	shares	Point-in-time
Preferred Stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$77.00K	USD	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$169.00K	USD	Point-in-time
Preferred Stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$1.64M	USD	Point-in-time
Preferred Stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$1.56M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.23M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$134.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$105.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.96M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.02M	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$157.00K	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$152.00K	USD	Point-in-time
Total assets	`Assets`	$139.32M	USD	Point-in-time
Total assets	`Assets`	$110.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.62M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.64M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.54M	USD	Point-in-time
Deferred revenue and income	`DeferredRevenue`	$43.00K	USD	Point-in-time
Deferred revenue and income	`DeferredRevenue`	$127.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligations`	-	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligations`	$13.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.31M	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$1.00M	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$1.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.47M	USD	Point-in-time
Commitments and contingencies see Note 11, Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies see Note 11, Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 common shares authorized with 51,218,417 shares issued and outstanding on June 30, 2016 and 55,000,000 authorized with 51,191,184 shares issued and outstanding on December 31, 2015	`CommonStockValueOutstanding`	$51.00K	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 common shares authorized with 51,218,417 shares issued and outstanding on June 30, 2016 and 55,000,000 authorized with 51,191,184 shares issued and outstanding on December 31, 2015	`CommonStockValueOutstanding`	$51.00K	USD	Point-in-time
5,000,000 preferred shares authorized and none outstanding as of June 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
5,000,000 preferred shares authorized and none outstanding as of June 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$243.89M	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$248.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-110.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-143.85M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.00K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$69.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$133.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$105.04M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$110.52M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$139.32M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsGross`	-	USD	2 Qtrs
Product sales	`SalesRevenueGoodsGross`	-	USD	1 Quarter
Product sales	`SalesRevenueGoodsGross`	-	USD	1 Quarter
Product sales	`SalesRevenueGoodsGross`	$143.00K	USD	2 Qtrs
Licensing and royalty revenues	`LicensesRevenue`	$40.00K	USD	2 Qtrs
Licensing and royalty revenues	`LicensesRevenue`	$33.00K	USD	2 Qtrs
Licensing and royalty revenues	`LicensesRevenue`	$19.00K	USD	1 Quarter
Licensing and royalty revenues	`LicensesRevenue`	$20.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$33.00K	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$20.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$183.00K	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$19.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$8.06M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$15.42M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$12.86M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$7.13M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$7.62M	USD	2 Qtrs
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$9.24M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$16.68M	USD	2 Qtrs
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$4.75M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$5.00K	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$5.00K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$729.00K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$403.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.15M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$605.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$21.21M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$33.24M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$12.29M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$17.91M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.18M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-17.89M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-12.27M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-33.06M	USD	2 Qtrs
Interest expense and other	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	2 Qtrs
Interest expense and other	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Interest expense and other	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Interest expense and other	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Foreign currency exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-73.00K	USD	2 Qtrs
Foreign currency exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-117.00K	USD	1 Quarter
Foreign currency exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	2 Qtrs
Foreign currency exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$33.00K	USD	2 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$18.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$140.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$194.00K	USD	2 Qtrs
Total other income	`OtherNonoperatingIncome`	$30.00K	USD	2 Qtrs
Total other income	`OtherNonoperatingIncome`	$121.00K	USD	2 Qtrs
Total other income	`OtherNonoperatingIncome`	$16.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$23.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-17.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.15M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-32.94M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-12.25M	USD	1 Quarter
Basic and diluted net loss per share (dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.47	USD	2 Qtrs
Basic and diluted net loss per share (dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	1 Quarter
Basic and diluted net loss per share (dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.64	USD	2 Qtrs
Basic and diluted net loss per share (dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.35	USD	1 Quarter
Weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.68M	shares	1 Quarter
Weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.66M	shares	2 Qtrs
Weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.21M	shares	1 Quarter
Weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.20M	shares	2 Qtrs
Net loss	`NetIncomeLoss`	$-17.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.15M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-32.94M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-12.25M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$81.00K	USD	2 Qtrs
Net unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-4.00K	USD	2 Qtrs
Net unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-8.00K	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$29.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$49.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-12.26M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-21.15M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-17.79M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-32.86M	USD	2 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-17.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.15M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-32.94M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-12.25M	USD	1 Quarter
Depreciation	`Depreciation`	$729.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$1.15M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$5.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$5.00K	USD	2 Qtrs
Amortization of investment discount	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-123.00K	USD	2 Qtrs
Amortization of investment discount	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-99.00K	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$4.18M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$3.92M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$65.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$92.00K	USD	2 Qtrs
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$675.00K	USD	2 Qtrs
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-272.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.22M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-394.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-129.00K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.18M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$657.00K	USD	2 Qtrs
Deferred revenue and income	`IncreaseDecreaseInDeferredRevenue`	$-14.00K	USD	2 Qtrs
Deferred revenue and income	`IncreaseDecreaseInDeferredRevenue`	$-84.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.36M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.09M	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$2.08M	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$2.16M	USD	2 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$8.02M	USD	2 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$63.53M	USD	2 Qtrs
Sales of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$1.00M	USD	2 Qtrs
Sales of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$141.00K	USD	2 Qtrs
Sales of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$500.00K	USD	1 Quarter
Sales of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$34.00K	USD	1 Quarter
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$9.38M	USD	2 Qtrs
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$7.81M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.23M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-55.24M	USD	2 Qtrs
Exercise of options	`ProceedsFromStockOptionsExercised`	$95.00K	USD	2 Qtrs
Exercise of options	`ProceedsFromStockOptionsExercised`	$327.00K	USD	2 Qtrs
Common stock issuance costs	`PaymentsOfStockIssuanceCosts`	$814.00K	USD	2 Qtrs
Common stock issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$13.00K	USD	2 Qtrs
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$73.00K	USD	2 Qtrs
Recovery of related party short-swing profits	`ProceedsFromRecoveryofRelatedPartyShortSwingProfits`	-	USD	2 Qtrs
Recovery of related party short-swing profits	`ProceedsFromRecoveryofRelatedPartyShortSwingProfits`	$991.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$254.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$259.00K	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-83.07M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.33M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.23M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.52M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$120.58M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.23M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.52M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$120.58M	USD	Point-in-time

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