← DBV Technologies S.A.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss | — | — | — | ($35.7m) | ($34.8m) | ($56.6m) | ($38.9m) | — | — | — | — | |
| Profit or Loss | — | — | ($166.1m) | ($153.6m) | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | ($159.6m) |
($97.8m)
+38.70%
|
($96.3m)
+1.57%
|
($72.7m)
+24.46%
|
$113.9m
+256.64%
|
($146.9m)
-228.99%
|
— | |
| Depreciation, Depletion and Amortization | — | — | — | — | — | — | — | — | $2.7m | $3.0m | $3.0m | |
| Depreciation | — | — | — | — | $4.4m | $4.4m | $2.7m | $3.6m | — | — | $3.0m | |
| Amortization and provision | $1.3m | $2.9m | $2.8m | $5.7m | — | — | — | — | — | — | — | |
| Depreciation of property and equipment | — | — | $395k | $93k | $149k | $123k | $376k | $424k | $403k | $19k | $3.0m | |
| Amortization of right of use asset | — | — | — | — | $815k | $829k | $537k | $928k | $850k | $104k | — | |
| Amortization of intangible assets | $2.1m | $3.9m | $6.1m | $6.0m | $5.4m | $2.1m | $1.4m | — | — | — | — | |
| Depreciation expense | $1.0m | $744k | $395k | $93k | — | — | — | — | — | — | $3.0m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | $0 | — | |
| Deferred income tax (benefits) expenses | $402k | $937k | $1.6m | ($978k) | ($1.0m) | $680k | ($55k) | $783k | $84k | ($991k) | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | ($1.1m) | $3.1m | $5.0m | $6.0m | $4.6m | $5.4m | $8.5m | |
| Adjustments For Share-Based Payments | $34.4m | $30.8m | $25.9m | $14.9m | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $1.1m | ($3.1m) | ($5.0m) | ($6.0m) | $4.6m | $5.4m | $8.5m | |
| Expenses related to share-based payments | $34.4m | $30.8m | $25.9m | $14.9m | — | — | — | — | — | — | — | |
| Share-based compensation expenses | — | $14.7m | $976k | $495k | $3.0m | $7.9m | $2.8m | $6.8m | $4k | $2.4m | $8.5m | |
| Non-employee share-based compensation expenses | — | — | — | $2.5m | $17.0m | $9.6m | $604k | $952k | $47k | — | — | |
| Impairment of inventory | $1k | — | $864k | ($268k) | $782k | $1.3m | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change in working capital requirement | $19.0m | ($687k) | ($326k) | $3.1m | — | — | — | — | — | — | ($14.8m) | |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | $2.1m | ($2.1m) | $0 | $0 | — | — | — | |
| Customer accounts receivable | ($1.2m) | $3k | $1.2m | $30k | — | — | — | — | — | — | — | |
| (Reversal of provision) provision on accounts receivables & other current assets | — | — | $22.0m | $13.6m | $4.4m | ($1.8m) | ($20k) | ($501k) | $15k | $1.1m | — | |
| Accounts receivable | ($22.2m) | ($37.5m) | $41.2m | ($1.2m) | $1.6m | ($1.4m) | ($1.1m) | $1.1m | ($3.7m) | $4.7m | — | |
| Increase (Decrease) in Inventories | — | — | — | — | ($2.3m) | $0 | $0 | $0 | — | $16.1m | ($11.4m) | |
| Inventory Write-down | — | — | — | — | — | — | — | — | — | $16.1m | — | |
| Inventories | ($6.4m) | ($4.3m) | ($1.6m) | ($471k) | $2.2m | ($5.3m) | $2.0m | $679k | $1.5m | $29k | ($11.4m) | |
| Supplier accounts payable | $3.6m | $3.3m | $9.1m | ($6.8m) | — | — | — | — | — | — | — | |
| Accounts payable | $15.7m | $27.0m | ($29.1m) | $2.1m | ($3.0m) | ($1.3m) | ($1.4m) | ($218k) | $4.1m | ($4.8m) | $483k | |
| Accrued expenses and other payables | $1.4m | $5.2m | $5.5m | $18.9m | $13.0m | $9.8m | ($3.7m) | ($5.5m) | ($1.3m) | ($290k) | — | |
| Change in Accounts Payable | — | — | $1.1m | $2.4m | — | — | — | — | — | — | — | |
| Deferred revenues | ($3.4m) | ($5.1m) | $1.3m | ($10.7m) | ($28k) | $1.0m | $9k | — | ($8k) | — | — | |
| Other current assets | ($2.9m) | ($3.5m) | ($2.6m) | $2.8m | — | — | — | — | — | — | ($9.7m) | |
| Other current and non-current liabilities | $19.6m | ($566k) | ($6.5m) | $7.5m | — | — | — | — | — | — | — | |
| Prepaid expenses and other current assets | ($3.2m) | ($12.1m) | ($6.8m) | ($13.3m) | ($7.7m) | ($12.9m) | $6.3m | $351k | ($656k) | ($393k) | — | |
| Net Cash Provided by (Used in) Operating Activities | ($59.5m) |
($114.3m)
-92.00%
|
($136.6m)
-19.51%
|
($128.5m)
+5.93%
|
($165.6m)
-28.86%
|
($108.2m)
+34.64%
|
($55.7m)
+48.57%
|
($79.7m)
-43.09%
|
($104.5m)
-31.16%
|
($121.2m)
-15.99%
|
($169.0m)
-39.45%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($494k) | ($842k) | ($155k) | ($117k) | $2.7m | $910k | $754k | $677k | $2.3m | $532k | ($316k) | |
| Acquisitions of property, plant, and equipment | ($8.0m) | ($7.2m) | ($4.7m) | ($5.0m) | $10k | — | — | $7k | $70k | — | — | |
| Payments to Acquire Investments | — | — | — | — | $103k | $119k | $123k | $285k | $3k | — | ($160k) | |
| Acquisitions of intangible assets | ($215k) | ($299k) | ($41k) | ($27k) | — | — | — | — | — | — | — | |
| Acquisitions of non-current financial assets | ($93k) | ($289k) | ($3.9m) | ($58k) | — | — | — | — | — | — | — | |
| Net cash flows used in investing activities | ($8.3m) | ($7.8m) | ($8.6m) | ($5.1m) | — | — | — | — | — | — | — | |
| Net cash (used in) generated from investing activities | ($5.3m) | ($8.1m) | ($4.3m) | ($735k) | $4.0m | ($998k) | ($3.4m) | ($5.0m) | $9.9m | $25.1m | — | |
| Net Cash Provided by (Used in) Investing Activities | — | — | — | — | ($2.9m) | ($433k) | ($100k) | ($808k) | ($757k) | ($1.4m) | ($1.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds From Borrowings Classified As Financing Activities | — | — | $0 | — | — | — | — | — | — | — | — | |
| Repayments Of Borrowings Classified As Financing Activities | $275k | $578k | $1.8m | $1.2m | — | — | — | — | — | — | — | |
| Interest expense related to debt discount | — | — | — | — | — | $9.9m | $11.4m | $700k | $770k | — | — | |
| Gain on debt settlement | — | — | — | — | ($26k) | $17.2m | ($217k) | ($176k) | — | — | — | |
| Gain on debt forgiveness | — | — | — | — | — | ($2.1m) | — | — | ($4.7m) | — | — | |
| Proceeds from short-term bank and other borrowings | $6.8m | $10.5m | $1.1m | $5.0m | $5.3m | $3.5m | $155k | $424k | — | — | — | |
| Repayments of short-term bank and other borrowings | ($2.0m) | ($4.8m) | ($2.6m) | ($11.0m) | ($7.9m) | ($3.9m) | ($579k) | — | — | ($411k) | — | |
| Debt settlements by issuance of ordinary shares | — | — | — | — | $3.4m | $36.1m | — | $1.3m | — | — | — | |
| Proceeds from long-term bank and other borrowings | — | — | — | — | $1.2m | — | $112k | — | — | — | — | |
| Repayments of long-term bank and other borrowings | ($571k) | ($2.6m) | ($4.0m) | ($2.3m) | — | ($111k) | ($1k) | — | — | — | — | |
| Proceeds from long-term bank borrowings | $6.0m | $2.0m | $4.0m | $9.5m | $1.2m | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $150.0m | $150.0m | $98.6m | $98.6m | — | — | $248.2m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | ($36k) | ($15k) | $0 | $0 | — | — | — | |
| Other cash flows related to financing activities | ($21k) | $28k | ($144k) | ($52k) | — | — | — | — | — | — | — | |
| Net cash flows provided by financing activities | $1.7m |
$286k
-82.83%
|
$130.7m
+45590.91%
|
$182.8m
+39.88%
|
— | — | — | — | — | — | — | |
| Net cash generated from (used in) financing activities | $10.2m |
$31.9m
+212.21%
|
($11.5m)
-136.22%
|
$11.6m
+200.53%
|
($1.4m)
-111.68%
|
$34.3m
+2629.08%
|
$14.9m
-56.52%
|
$1.8m
-87.64%
|
($4.0m)
-319.87%
|
($411k)
+89.85%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | — | $149.5m |
$274k
-99.82%
|
$194.1m
+70746.72%
|
$6.8m
-96.51%
|
$587k
-91.33%
|
$276.2m
+46949.74%
|
$248.2m
-10.14%
|
|
| (Decrease) / Increase in cash | ($66.2m) | ($121.9m) | ($14.6m) | $49.2m | — | — | — | — | — | — | — | |
| Net (decrease) increase in cash and cash equivalents and restricted cash | ($3.8m) | $11.8m | ($13.5m) | $5.3m | ($5.2m) | $4.8m | $3.4m | ($10.3m) | $2.5m | ($943k) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | ($119.1m) | $131.9m | ($67.8m) | ($108.9m) | $161.7m | $180.1m | |
| Net Cash and cash equivalents at the beginning of the period | $256.5m | $137.9m | $122.8m | $172.0m | — | — | — | — | — | — | — | |
| Cash and cash equivalents and restricted cash at the beginning of year | $8.6m | $4.8m | $16.5m | $3.0m | $8.3m | $3.1m | $7.9m | $11.3m | $1.1m | $3.6m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $209.2m | $141.4m | $32.5m | $194.2m | $180.1m | |
| Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash | $265k | $648k | ($324k) | $1.8m | $228k | $311k | ($2.6m) | ($307k) | ($591k) | $2.2m | — | |
| Less: cash and cash equivalents and restricted cash of discontinued operations at the end of year | — | — | — | — | — | $1.6m | $3.0m | $247k | $1.5m | — | — | |
| Cash and cash equivalents and restricted cash of continuing operations at the end of year | $3.2m | $13.0m | $1.9m | $6.0m | $3.1m | $6.3m | $8.3m | $826k | $2.1m | $2.6m | — | |
| Restricted cash of continuing operations at the end of year | — | — | — | $5.0m | $37k | $211k | $25k | $26k | $26k | — | — | |
| Restricted cash of discontinued operations at the end of year | $1.2m | $3.5m | $708k | $768k | — | — | $7k | — | — | — | — | |
| Cash and cash equivalents and restricted cash at the end of year | — | — | $3.0m | $8.3m | $3.1m | $7.9m | $11.3m | $1.1m | — | — | — | |
| Total cash and cash equivalents and restricted cash of continuing operations | $3.2m | $13.0m | $1.9m | $6.0m | $3.1m | $6.3m | $11.3m | $1.1m | — | — | — | |
| Total cash and cash equivalents and restricted cash of discontinued operations | $1.6m | $3.5m | $1.0m | $2.3m | — | $1.6m | — | — | — | — | — | |
| Impact of exchange rate fluctuations | ($735k) | $3.3m | ($525k) | $43k | — | — | — | — | — | — | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Adjustments For Decrease Increase In Trade Account Receivable | ($1.2m) | $3k | $1.2m | $30k | — | — | — | — | — | — | — | |
| Adjustments For Increase Decrease In Trade Account Payable | $3.6m | $3.3m | $9.1m | ($6.8m) | — | — | — | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | $52k | $90k | — | |
| General and Administrative Expense | — | — | — | — | $35.1m | $30.5m | $24.3m | $29.5m | $28.7m | $32.8m | — | |
| Income Tax Expense (Benefit) | — | — | — | — | ($10k) | ($381k) | $70k | $7k | $55k | $491k | — | |
| Increase Decrease In Working Capital | ($19.0m) | $687k | $326k | ($3.1m) | — | — | — | — | — | — | ($14.8m) | |
| Interest Paid Classified As Financing Activities | ($797k) | ($1.9m) | ($2.6m) | $1.0m | ($3.6m) | ($1.7m) | ($232k) | ($281k) | ($301k) | ($44k) | — | |
| Operating Expenses | — | — | — | — | $170.1m | $104.3m | $101.5m | $92.2m | $120.7m | $152.7m | — | |
| Operating Lease, Expense | — | — | — | — | — | — | — | — | $1.9m | $1.2m | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $3.0m | — | — | — | — | — | — | — | |
| Payments To Acquire Or Redeem Entitys Shares | $54k | $25k | $479k | — | — | — | — | — | — | — | — | |
| Proceeds From Issuing Shares | $2.0m | $861k | $133.1m | $187.9m | — | — | — | — | — | — | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | $215k | $299k | $41k | $27k | — | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | $23.6m | ($920k) | — | — | — | — | — | |
| Net (loss) for the period | ($114.5m) | ($147.7m) | ($166.1m) | ($153.6m) | — | — | — | — | — | — | — | |
| Retirement pension obligations | $115k | $230k | $295k | $467k | — | — | — | — | — | — | — | |
| Other elements | $147k | $130k | $752k | $912k | — | — | — | — | — | — | — | |
| (Decrease) in conditional advances | ($275k) | ($578k) | ($1.8m) | ($1.2m) | — | — | — | — | — | — | — | |
| Treasury shares | ($54k) | ($25k) | ($479k) | $154k | — | — | — | — | — | — | — | |
| Capital increases, net of transaction costs | $2.0m | $861k | $133.1m | $187.9m | — | — | — | — | — | — | — | |
| Net (loss) income | $2.6m | ($12.4m) | ($72.0m) | ($35.7m) | ($34.8m) | ($56.6m) | ($38.9m) | ($26.9m) | $17.3m | $5.7m | — | |
| Loss on additional compensation to HHE | — | — | — | — | — | — | $6.0m | $5.4m | — | — | — | |
| Gain on disposal of subsidiaries | — | — | — | — | — | — | — | — | ($12.6m) | ($21.2m) | — | |
| Loss related to equity financing | — | — | — | — | — | — | $3.7m | $14.2m | — | — | — | |
| Advances from customers and contract liabilities | — | $3.6m | $1.9m | $5.1m | $493k | ($92k) | $2.1m | ($2.7m) | $1.3m | $1.2m | — | |
| Amounts due to related parties | — | — | $1.1m | $2.4m | ($351k) | ($1.3m) | ($1.8m) | ($3k) | — | $6k | — | |
| Long-term payable | — | — | $2.5m | ($6.3m) | ($361k) | $669k | ($252k) | ($417k) | — | — | — | |
| Income tax payable | $51k | $1.0m | ($264k) | ($89k) | $974k | ($1.5m) | ($392k) | $208k | ($161k) | ($49k) | — | |
| Lease liabilities | — | — | — | ($1.4m) | ($132k) | ($1.4m) | ($109k) | ($896k) | ($751k) | ($65k) | — | |
| Receipt of time deposit from banks | — | — | — | — | — | — | — | — | $3.5m | $2.7m | — | |
| Investment in time deposit | — | — | — | — | — | ($338k) | ($1.4m) | ($2.1m) | ($3.4m) | — | — | |
| Proceeds from disposal of HHE | — | — | — | — | — | $121k | — | — | $9.9m | — | — | |
| Proceeds from issuance of convertible notes | — | — | — | — | — | $34.4m | $15.1m | $1.4m | — | — | — | |
| Cash and cash equivalents of continuing operations at the end of year | $3.2m | $13.0m | $1.9m | $1.0m | $3.0m | $6.1m | $8.3m | $800k | $2.0m | $2.6m | — | |
| Cash and cash equivalents of discontinued operations at the end of year | $1.6m | $3.5m | $1.0m | $2.3m | — | $1.6m | $3.0m | $247k | $1.5m | — | — | |
| Interest received | $65k | $14k | $14k | $43k | $8k | $4k | $24k | $51k | $9k | $460k | — | |
| Income tax paid | ($554k) | — | $698k | ($478k) | ($544k) | ($375k) | ($254k) | — | ($101k) | — | — | |
| Cash paid included in the measurement of lease liabilities | — | — | — | ($1.5m) | ($1.0m) | ($1.1m) | ($678k) | ($881k) | ($843k) | ($304k) | — | |
| Conversion of convertible notes | — | — | — | — | — | $21.4m | $28.7m | $500k | — | — | — | |
| Issuance of shares for increase in subscription receivable | — | — | — | $15.3m | $4.1m | — | $2.8m | $11.1m | — | — | — | |
| Cancellation of shares for decrease in subscription receivable | — | — | — | — | — | $4.1m | — | — | $9.4m | — | — | |
| Gain on disposal of HHE | — | — | — | — | — | $111k | — | — | ($12.6m) | — | — | |
| Contract assets | — | — | — | — | — | ($1.4m) | $1.5m | — | — | — | — | |
| Other non-current liabilities | — | — | — | — | $84k | ($68k) | ($15k) | — | — | — | — | |
| Proceeds from non-controlling shareholders of a subsidiary | — | — | — | — | — | $297k | $138k | — | — | — | — | |
| Loan conversion with ordinary shares | — | — | — | — | $3.4m | — | $1.2m | — | — | — | — | |
| Loss on disposal of subsidiary | — | — | — | — | ($10.1m) | $303k | — | — | — | — | — | |
| Acquisition of a subsidiary | $432k | $52k | $50k | — | — | $3.5m | — | — | — | — | — | |
| Right of use asset | — | — | — | $1.5m | ($819k) | ($1.8m) | $433k | — | — | — | — | |
| Purchases of intangible assets | ($5.2m) | ($7.6m) | ($5.6m) | ($4.4m) | ($141k) | — | — | — | — | — | — | |
| Issuance of shares in exchange for advisory services | — | — | — | $2.5m | $17.0m | $9.7m | $604k | — | — | — | — | |
| Operating lease right-of-use assets obtained in exchange for new operating lease liabilities | — | — | — | — | $797k | $1.8m | $575k | — | — | — | — | |
| Deferred government grants | ($1.9m) | ($151k) | ($93k) | ($1.9m) | — | — | — | — | — | — | — | |
| Proceeds from issuance of ordinary shares | — | $62k | — | $10.4m | — | — | — | — | — | — | — | |
| Foreign exchange (gain) loss | ($692k) | $779k | ($499k) | — | — | — | — | — | — | — | — | |
| Interest expense | — | $661k | $338k | — | — | — | — | — | — | — | — | |
| Receivable from MVNO franchisees | ($1.0m) | $805k | $3.3m | — | — | — | — | — | — | — | — | |
| Unrecognized tax benefits | $1.1m | $366k | ($101k) | — | — | — | — | — | — | — | — | |
| Receipts of loans to third parties | $457k | $371k | $1.5m | — | — | — | — | — | — | — | — | |
| Changes in the fair value of warrant liabilities | $12k | $200k | — | — | — | — | — | — | — | — | — | |
| Amounts due from related parties | $5.5m | $490k | — | — | — | — | — | — | — | — | — | |
| Change in Other Working Capital | — | $3.6m | $1.9m | $5.1m | — | — | — | — | — | — | ($603k) |