10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-18-006421 |
| Period End Date | 20180331 |
| Filing Date | 20180510 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | axdx-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred Stock, par value (usd per share) |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Preferred Stock, par value (usd per share) |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | 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 |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.92M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$126.85M | USD | Point-in-time |
| Preferred Stock, shares outstanding (shares) |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$19.24M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$28.51M | USD | Point-in-time |
| Preferred Stock, shares outstanding (shares) |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Investments |
Investments
|
$66.75M | USD | Point-in-time |
| Common Stock, par value (usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Investments |
Investments
|
$80.65M | 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 |
| Trade accounts receivable |
ReceivablesNetCurrent
|
$1.06M | USD | Point-in-time |
| Common Stock, shares authorized (shares) |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Trade accounts receivable |
ReceivablesNetCurrent
|
$1.95M | USD | Point-in-time |
| Inventory |
InventoryNet
|
$10.13M | USD | Point-in-time |
| Common Stock, shares issued (shares) |
CommonStockSharesIssued
|
53.95M | shares | Point-in-time |
| Common Stock, shares issued (shares) |
CommonStockSharesIssued
|
55.67M | shares | Point-in-time |
| Inventory |
InventoryNet
|
$8.06M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseAndOtherAssetsCurrent
|
$850.00K | USD | Point-in-time |
| Common Stock, shares outstanding (shares) |
CommonStockSharesOutstanding
|
53.95M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseAndOtherAssetsCurrent
|
$1.54M | USD | Point-in-time |
| Common Stock, shares outstanding (shares) |
CommonStockSharesOutstanding
|
55.67M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$804.00K | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$468.00K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$207.13M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$120.49M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$5.85M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.89M | USD | Point-in-time |
| Intellectual property, net |
FiniteLivedIntangibleAssetsNet
|
$134.00K | USD | Point-in-time |
| Intellectual property, net |
FiniteLivedIntangibleAssetsNet
|
$129.00K | USD | Point-in-time |
| Total assets |
Assets
|
$125.51M | USD | Point-in-time |
| Total assets |
Assets
|
$213.12M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.08M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.76M | USD | Point-in-time |
| Accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$4.58M | USD | Point-in-time |
| Accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$3.64M | USD | Point-in-time |
| Deferred revenue and income |
DeferredRevenueAndCredits
|
$1.07M | USD | Point-in-time |
| Deferred revenue and income |
DeferredRevenueAndCredits
|
$117.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$6.79M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$7.45M | USD | Point-in-time |
| Other long term liabilities |
OtherLiabilitiesNoncurrent
|
$21.00K | USD | Point-in-time |
| Other long term liabilities |
OtherLiabilitiesNoncurrent
|
$25.00K | USD | Point-in-time |
| Convertible notes |
ConvertibleDebtNoncurrent
|
$99.16M | USD | Point-in-time |
| Convertible notes |
ConvertibleDebtNoncurrent
|
- | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$106.64M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.81M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred shares |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred shares |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock |
CommonStockValueOutstanding
|
$56.00K | USD | Point-in-time |
| Common stock |
CommonStockValueOutstanding
|
$54.00K | USD | Point-in-time |
| Contributed capital |
AdditionalPaidInCapitalCommonStock
|
$414.26M | USD | Point-in-time |
| Contributed capital |
AdditionalPaidInCapitalCommonStock
|
$360.62M | USD | Point-in-time |
| Treasury Stock |
TreasuryStockValue
|
$45.07M | USD | Point-in-time |
| Treasury Stock |
TreasuryStockValue
|
- | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-241.97M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-262.83M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
- | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$59.00K | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$118.70M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$106.47M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$213.12M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$125.51M | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$530.00K | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$801.00K | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$492.00K | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$26.00K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$504.00K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$309.00K | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$6.78M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$4.29M | USD | 1 Quarter |
| Sales, general and administrative |
GeneralAndAdministrativeExpense
|
$14.35M | USD | 1 Quarter |
| Sales, general and administrative |
GeneralAndAdministrativeExpense
|
$10.53M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$21.14M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$14.81M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-14.31M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-20.83M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$158.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
- | USD | 1 Quarter |
| Foreign currency exchange gain (loss) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-26.00K | USD | 1 Quarter |
| Foreign currency exchange gain (loss) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$55.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterestAndDividend
|
$136.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterestAndDividend
|
$301.00K | USD | 1 Quarter |
| Total other income, net |
OtherNonoperatingIncome
|
$198.00K | USD | 1 Quarter |
| Total other income, net |
OtherNonoperatingIncome
|
$110.00K | USD | 1 Quarter |
| Net loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-20.63M | USD | 1 Quarter |
| Net loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-14.20M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$184.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-14.20M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-20.81M | USD | 1 Quarter |
| Basic and diluted net loss per share (usd per share) |
EarningsPerShareBasicAndDiluted
|
$-0.37 | USD | 1 Quarter |
| Basic and diluted net loss per share (usd per share) |
EarningsPerShareBasicAndDiluted
|
$-0.27 | USD | 1 Quarter |
| Weighted average shares outstanding (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
51.89M | shares | 1 Quarter |
| Weighted average shares outstanding (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
55.64M | shares | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-14.20M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-20.81M | USD | 1 Quarter |
| Net unrealized (loss) gain on available-for-sale investments |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$11.00K | USD | 1 Quarter |
| Net unrealized (loss) gain on available-for-sale investments |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-53.00K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$112.00K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$56.00K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-14.13M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-20.75M | USD | 1 Quarter |
Cash Flow Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-14.20M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-20.81M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$505.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$539.00K | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$5.00K | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$3.00K | USD | 1 Quarter |
| Amortization of investment discount |
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
$-19.00K | USD | 1 Quarter |
| Amortization of investment discount |
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
$-121.00K | USD | 1 Quarter |
| Equity-based compensation |
ShareBasedCompensation
|
$5.60M | USD | 1 Quarter |
| Equity-based compensation |
ShareBasedCompensation
|
$3.21M | USD | 1 Quarter |
| Non-cash interest expense |
AccretionExpense
|
$158.00K | USD | 1 Quarter |
| Non-cash interest expense |
AccretionExpense
|
- | USD | 1 Quarter |
| Loss on disposal of property and equipment |
GainLossOnDispositionOfAssets1
|
$-11.00K | USD | 1 Quarter |
| Loss on disposal of property and equipment |
GainLossOnDispositionOfAssets1
|
- | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$522.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-881.00K | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$1.92M | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$4.16M | USD | 1 Quarter |
| Prepaid expense and other |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$653.00K | 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
|
$336.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$276.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$701.00K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$733.00K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-4.00K | USD | 1 Quarter |
| Deferred revenue and income |
IncreaseDecreaseInDeferredRevenue
|
$29.00K | USD | 1 Quarter |
| Deferred revenue and income |
IncreaseDecreaseInDeferredRevenue
|
$-1.00M | USD | 1 Quarter |
| Deferred compensation |
IncreaseDecreaseInDeferredCompensation
|
$4.00K | USD | 1 Quarter |
| Deferred compensation |
IncreaseDecreaseInDeferredCompensation
|
- | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-16.07M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-15.47M | USD | 1 Quarter |
| Purchases of equipment |
PaymentsToAcquireProductiveAssets
|
$1.29M | 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
|
$9.36M | USD | 1 Quarter |
| Sales of available-for-sale securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
- | USD | 1 Quarter |
| Sales of available-for-sale securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$3.00M | USD | 1 Quarter |
| Maturity of available-for-sale securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$20.12M | USD | 1 Quarter |
| Maturity of available-for-sale securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$8.85M | USD | 1 Quarter |
| Net cash provided in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$4.05M | USD | 1 Quarter |
| Net cash provided in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$12.47M | USD | 1 Quarter |
| Issuance of common stock net of issuance costs |
ProceedsFromIssuanceOfCommonStock
|
$189.00K | USD | 1 Quarter |
| Issuance of common stock net of issuance costs |
ProceedsFromIssuanceOfCommonStock
|
$134.00K | USD | 1 Quarter |
| Exercise of options and warrants |
ProceedsfromStockOptionsandWarrantsExercised
|
$1.11M | USD | 1 Quarter |
| Exercise of options and warrants |
ProceedsfromStockOptionsandWarrantsExercised
|
$1.84M | USD | 1 Quarter |
| Proceeds from issuance of convertible note |
ProceedsFromConvertibleDebt
|
$150.00M | USD | 1 Quarter |
| Proceeds from issuance of convertible note |
ProceedsFromConvertibleDebt
|
- | USD | 1 Quarter |
| Prepayment of forward stock repurchase transaction |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Prepayment of forward stock repurchase transaction |
PaymentsForRepurchaseOfCommonStock
|
$45.07M | USD | 1 Quarter |
| Payment of debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$4.33M | USD | 1 Quarter |
| Payment of debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$2.03M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$101.85M | USD | 1 Quarter |
| Effect of exchange rate on cash: |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$55.00K | USD | 1 Quarter |
| Effect of exchange rate on cash: |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$80.00K | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-9.33M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$98.33M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$9.92M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$126.85M | 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
|
$28.51M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$9.92M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$126.85M | 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
|
$28.51M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.