Aravive, Inc. (ARAV) Financial Statements (2024 and earlier)

Company Profile

Business Address RIVER OAKS TOWER
HOUSTON, TX 77098
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53,68959,42460,54165,13456,99281,146
Cash and cash equivalents53,68959,42460,54165,13456,99281,146
Receivables    2,504606 
Prepaid expense   870531416261
Other undisclosed current assets4,2813,3212784416301
Total current assets:57,97062,74561,68968,21358,03081,708
Noncurrent Assets
Operating lease, right-of-use asset1,4622,2072,9588,697
Property, plant and equipment2704005261,80832798
Intangible assets, net (including goodwill)   97219341 
Intangible assets, net (excluding goodwill)   97219341 
Restricted cash and investments2,4452,431    
Other noncurrent assets641076120 
Other undisclosed noncurrent assets   2,4302,42311,04711,271
Total noncurrent assets:4,1835,0426,02113,90811,44012,069
TOTAL ASSETS:62,15367,78767,71082,12169,47093,777
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,50312,4704,8232,5751,7915,593
Employee-related liabilities1,397    
Accounts payable8,7652,6572,5001,0784261,500
Accrued liabilities6,7388,4162,3231,4971,3654,093
Deferred revenue 4,4144,5712,552 
Debt    2,393  
Other undisclosed current liabilities2,1959002,086 146 
Total current liabilities:22,11217,9419,4614,9681,9375,593
Noncurrent Liabilities
Long-term debt and lease obligation:  4,0766,4317,840  
Liabilities, other than long-term debt29,3843,5483,763   
Deferred revenue 6213,5483,763 
Operating lease, liability1,8824,0766,4317,840
Derivative instruments and hedges, liabilities26,881     
Other undisclosed noncurrent liabilities    2647,5885,428
Total noncurrent liabilities:29,3847,62410,1948,1047,5885,428
Total liabilities:51,49625,56519,65513,0729,52511,021
Equity
Equity, attributable to parent10,65742,22248,05569,04959,94582,756
Common stock622214
Additional paid in capital626,778582,025548,707539,158510,509456,984
Accumulated deficit(616,127)(539,805)(500,654)(470,111)(450,565)(374,232)
Total equity:10,65742,22248,05569,04959,94582,756
TOTAL LIABILITIES AND EQUITY:62,15367,78767,71082,12169,47093,777

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues9,1377,4425,6854,7531,37140,000
Revenue, net40,000
Sublease income2,900   
Gross profit:9,1377,4425,6854,7531,37140,000
Operating expenses(79,974)(48,091)(36,469)(26,527)(76,783)(124,482)
Operating loss:(70,837)(40,649)(30,784)(21,774)(75,412)(84,482)
Nonoperating income (expense)(5,485)1,4982413,5561,508(744)
Investment income, nonoperating653372551,022989847
Other nonoperating income (expense)2,8431,461(14)2,534519(1,591)
Interest and debt expense     (2,429) 
Loss from continuing operations before income taxes:(76,322)(39,151)(30,543)(18,218)(76,333)(85,226)
Income tax benefit      247
Loss from continuing operations:(76,322)(39,151)(30,543)(18,218)(76,333)(84,979)
Loss before gain (loss) on sale of properties:(39,151)(30,543)(18,218)(76,333)(84,979)
Net loss attributable to parent:(76,322)(39,151)(30,543)(18,218)(76,333)(84,979)
Preferred stock dividends and other adjustments      
Other undisclosed net income available to common stockholders, basic      
Net loss available to common stockholders, basic:(76,322)(39,151)(30,543)(18,218)(76,333)(84,979)
Other undisclosed net loss available to common stockholders, diluted      
Net loss available to common stockholders, diluted:(76,322)(39,151)(30,543)(18,218)(76,333)(84,979)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(76,322)(39,151)(30,543)(18,218)(76,333)(84,979)
Comprehensive loss:(76,322)(39,151)(30,543)(18,218)(76,333)(84,979)
Other undisclosed comprehensive income, net of tax, attributable to parent      350
Comprehensive loss, net of tax, attributable to parent:(76,322)(39,151)(30,543)(18,218)(76,333)(84,629)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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