10-Q Filing

ACCELERATE DIAGNOSTICS, INC CIK: 727207 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001628280-17-005054`
Period End Date	20170331
Filing Date	20170505
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	axdx-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 34 Cash Flow Statement 58

Balance Sheet 64 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`	75.00M	shares	Point-in-time
Common Stock, shares authorized (shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common Stock, shares issued (shares)	`CommonStockSharesIssued`	51.52M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.03M	USD	Point-in-time
Common Stock, shares issued (shares)	`CommonStockSharesIssued`	52.03M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.92M	USD	Point-in-time
Common Stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	52.03M	shares	Point-in-time
Investments	`Investments`	$58.52M	USD	Point-in-time
Investments	`Investments`	$54.03M	USD	Point-in-time
Common Stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	51.52M	shares	Point-in-time
Preferred Stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$551.00K	USD	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$34.00K	USD	Point-in-time
Preferred Stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Preferred Stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventory	`InventoryNet`	$4.36M	USD	Point-in-time
Preferred Stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$1.03M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$468.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$183.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$468.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$78.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$70.35M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.91M	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$143.00K	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$146.00K	USD	Point-in-time
Total assets	`Assets`	$82.85M	USD	Point-in-time
Total assets	`Assets`	$74.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$992.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.26M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.94M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.01M	USD	Point-in-time
Deferred revenue and income	`DeferredRevenueAndCredits`	$1.04M	USD	Point-in-time
Deferred revenue and income	`DeferredRevenueAndCredits`	$35.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.04M	USD	Point-in-time
Long-term deferred income	`DeferredRevenueNoncurrent`	$22.00K	USD	Point-in-time
Long-term deferred income	`DeferredRevenueNoncurrent`	$1.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.04M	USD	Point-in-time
Commitments and contingencies see Note 14, Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies see Note 14, Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 common shares authorized with 51,404,551 shares issued and outstanding on September 30, 2016 and 55,000,000 authorized with 51,191,184 shares issued and outstanding on December 31, 2015	`CommonStockValueOutstanding`	$52.00K	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 common shares authorized with 51,404,551 shares issued and outstanding on September 30, 2016 and 55,000,000 authorized with 51,191,184 shares issued and outstanding on December 31, 2015	`CommonStockValueOutstanding`	$52.00K	USD	Point-in-time
Preferred shares, $0.001 par value; 5,000,000 preferred shares authorized and none outstanding as of September 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, $0.001 par value; 5,000,000 preferred shares authorized and none outstanding as of September 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$255.26M	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$261.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-192.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-177.29M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-204.00K	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-137.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$69.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$77.82M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$82.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$74.40M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$163.00K	USD	1 Quarter
Net sales	`SalesRevenueNet`	$530.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$26.00K	USD	1 Quarter
Gross Profit	`GrossProfit`	$163.00K	USD	1 Quarter
Gross Profit	`GrossProfit`	$504.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.29M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$7.67M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$10.53M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$7.66M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$14.81M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$15.34M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-14.31M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-15.17M	USD	1 Quarter
Foreign currency exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-26.00K	USD	1 Quarter
Foreign currency exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$44.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$54.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$136.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$110.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$98.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.20M	USD	1 Quarter
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`	$-0.29	USD	1 Quarter
Weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.89M	shares	1 Quarter
Weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.20M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-15.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.20M	USD	1 Quarter
Net unrealized gain on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$52.00K	USD	1 Quarter
Net unrealized gain on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$11.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-49.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$56.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-14.13M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-15.07M	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-15.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.20M	USD	1 Quarter
Depreciation	`Depreciation`	$505.00K	USD	1 Quarter
Depreciation	`Depreciation`	$542.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization of investment discount	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-121.00K	USD	1 Quarter
Amortization of investment discount	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-37.00K	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$1.69M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$3.21M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$522.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$4.16M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$518.00K	USD	1 Quarter
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$457.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$280.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.21M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$494.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$276.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$906.00K	USD	1 Quarter
Deferred revenue and income	`IncreaseDecreaseInDeferredRevenue`	$29.00K	USD	1 Quarter
Deferred revenue and income	`IncreaseDecreaseInDeferredRevenue`	$-69.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.47M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.21M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$1.68M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$229.00K	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$4.56M	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$36.72M	USD	1 Quarter
Sales of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$500.00K	USD	1 Quarter
Sales of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	-	USD	1 Quarter
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$3.40M	USD	1 Quarter
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$8.85M	USD	1 Quarter
Net cash provided (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.50M	USD	1 Quarter
Net cash provided (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.05M	USD	1 Quarter
Issuance of common stocks	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of common stocks	`ProceedsFromIssuanceOfCommonStock`	$189.00K	USD	1 Quarter
Exercise of options and warrants	`ProceedsfromStockOptionsandWarrantsExercised`	$28.00K	USD	1 Quarter
Exercise of options and warrants	`ProceedsfromStockOptionsandWarrantsExercised`	$1.84M	USD	1 Quarter
Common stock issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Common stock issuance costs	`PaymentsOfStockIssuanceCosts`	$814.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$13.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	-	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.03M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-799.00K	USD	1 Quarter
Effect of exchange rate on cash:	`EffectOfExchangeRateOnCashAndCashEquivalents`	$55.00K	USD	1 Quarter
Effect of exchange rate on cash:	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-49.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-48.55M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.33M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$120.58M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$72.03M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.24M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.92M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$120.58M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$72.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.24M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.92M	USD	Point-in-time

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