Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified
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12 Months Ended |
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CASH FLOWS FROM OPERATING ACTIVITIES |
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Net loss |
$ (62,917)us-gaap_NetIncomeLoss |
$ (52,448)us-gaap_NetIncomeLoss |
$ (58,259)us-gaap_NetIncomeLoss |
Adjustments to reconcile net loss to net cash used in operating activities: |
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Depreciation |
2,051us-gaap_Depreciation |
1,881us-gaap_Depreciation |
1,777us-gaap_Depreciation |
Amortization of discount on debt and capital leases |
1,250us-gaap_AmortizationOfDebtDiscountPremium |
4,128us-gaap_AmortizationOfDebtDiscountPremium |
7,427us-gaap_AmortizationOfDebtDiscountPremium |
Amortization of debt issuance cost |
203us-gaap_AmortizationOfFinancingCosts |
217us-gaap_AmortizationOfFinancingCosts |
300us-gaap_AmortizationOfFinancingCosts |
Revaluation of derivative liabilities associated with convertible notes |
(4,032)us-gaap_GainLossOnDerivativeInstrumentsNetPretax |
(2,660)us-gaap_GainLossOnDerivativeInstrumentsNetPretax |
(13,860)us-gaap_GainLossOnDerivativeInstrumentsNetPretax |
Revaluation of derivative liabilities associated with the Medicis settlement |
320rvnc_GainLossonDerivativeInstrumentsContractNetPretax |
(47)rvnc_GainLossonDerivativeInstrumentsContractNetPretax |
0rvnc_GainLossonDerivativeInstrumentsContractNetPretax |
Revaluation of common stock warrant liability |
2,151us-gaap_FairValueAdjustmentOfWarrants |
621us-gaap_FairValueAdjustmentOfWarrants |
0us-gaap_FairValueAdjustmentOfWarrants |
Revaluation of convertible preferred stock warrant liability |
210rvnc_RevaluationOfConvertibleRedeemablePreferredStockWarrants |
(425)rvnc_RevaluationOfConvertibleRedeemablePreferredStockWarrants |
(125)rvnc_RevaluationOfConvertibleRedeemablePreferredStockWarrants |
Extinguishment of warrant liability upon exercise of put option by warrant holder |
1,356rvnc_ExtinguishmentofWarrantLiabilityUponExerciseofPutOption |
0rvnc_ExtinguishmentofWarrantLiabilityUponExerciseofPutOption |
0rvnc_ExtinguishmentofWarrantLiabilityUponExerciseofPutOption |
Convertible preferred stock warrant modification remeasurement adjustment |
0rvnc_ConversionOfConvertiblePreferredStockWarrant |
1,168rvnc_ConversionOfConvertiblePreferredStockWarrant |
0rvnc_ConversionOfConvertiblePreferredStockWarrant |
Loss on extinguishment of 2013 Notes |
8,331us-gaap_GainsLossesOnExtinguishmentOfDebt |
0us-gaap_GainsLossesOnExtinguishmentOfDebt |
0us-gaap_GainsLossesOnExtinguishmentOfDebt |
Stock-based compensation expense |
6,530us-gaap_ShareBasedCompensation |
548us-gaap_ShareBasedCompensation |
79us-gaap_ShareBasedCompensation |
Interest on convertible notes converted to convertible preferred stock |
0rvnc_InterestExpenseOnNotesPayable |
9,220rvnc_InterestExpenseOnNotesPayable |
18,830rvnc_InterestExpenseOnNotesPayable |
Interest for 2013 Notes and Essex Notes upon issuance, non-cash |
271us-gaap_InterestExpenseDebt |
273us-gaap_InterestExpenseDebt |
0us-gaap_InterestExpenseDebt |
Capitalized interest |
(972)rvnc_InterestExpenseCapitalized |
(453)rvnc_InterestExpenseCapitalized |
0rvnc_InterestExpenseCapitalized |
Fair value of common stock warrants issued |
379us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
0us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
0us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
Effective interest on financing obligation |
28us-gaap_FinancingInterestExpense |
0us-gaap_FinancingInterestExpense |
0us-gaap_FinancingInterestExpense |
Modification of Series C-3 convertible preferred stock in accordance with Medicis settlement agreement |
0rvnc_ModificationOfPreferredStockInAccordanceWithSettlementAgreement |
0rvnc_ModificationOfPreferredStockInAccordanceWithSettlementAgreement |
(3,225)rvnc_ModificationOfPreferredStockInAccordanceWithSettlementAgreement |
Derivative liabilities recognized as result of Medicis settlement agreement |
0rvnc_DerivativeLiabilitiesRecognizedAsResultOfSettlementAgreement |
0rvnc_DerivativeLiabilitiesRecognizedAsResultOfSettlementAgreement |
15,268rvnc_DerivativeLiabilitiesRecognizedAsResultOfSettlementAgreement |
Changes in operating assets and liabilities: |
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Prepaid expenses and other current assets |
(999)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
422us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
(1,125)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
Other non-current assets |
(1,621)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets |
(2,770)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets |
257us-gaap_IncreaseDecreaseInOtherNoncurrentAssets |
Accounts payable |
(3,399)us-gaap_IncreaseDecreaseInAccountsPayableTrade |
3,193us-gaap_IncreaseDecreaseInAccountsPayableTrade |
1,028us-gaap_IncreaseDecreaseInAccountsPayableTrade |
Accruals and other current liabilities |
2,394us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities |
(3,915)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities |
2,976us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities |
Payments against Medicis liabilities |
(7,073)us-gaap_IncreaseDecreaseInDerivativeLiabilities |
(6,927)us-gaap_IncreaseDecreaseInDerivativeLiabilities |
0us-gaap_IncreaseDecreaseInDerivativeLiabilities |
Deferred rent |
549us-gaap_IncreaseDecreaseInPrepaidRent |
133us-gaap_IncreaseDecreaseInPrepaidRent |
238us-gaap_IncreaseDecreaseInPrepaidRent |
Deferred revenue |
(83)us-gaap_IncreaseDecreaseInDeferredRevenue |
83us-gaap_IncreaseDecreaseInDeferredRevenue |
(10,500)us-gaap_IncreaseDecreaseInDeferredRevenue |
Net cash used in operating activities |
(55,073)us-gaap_NetCashProvidedByUsedInOperatingActivities |
(47,758)us-gaap_NetCashProvidedByUsedInOperatingActivities |
(38,914)us-gaap_NetCashProvidedByUsedInOperatingActivities |
CASH FLOWS FROM INVESTING ACTIVITIES |
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Purchases of property and equipment |
(6,975)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
(6,477)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
(319)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Change in restricted cash |
75us-gaap_IncreaseDecreaseInRestrictedCash |
75us-gaap_IncreaseDecreaseInRestrictedCash |
75us-gaap_IncreaseDecreaseInRestrictedCash |
Net cash used in investing activities |
(6,900)us-gaap_NetCashProvidedByUsedInInvestingActivities |
(6,402)us-gaap_NetCashProvidedByUsedInInvestingActivities |
(244)us-gaap_NetCashProvidedByUsedInInvestingActivities |
CASH FLOWS FROM FINANCING ACTIVITIES |
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Proceeds from issuance of common stock, net of deferred follow-on public offering costs |
131,880us-gaap_ProceedsFromIssuanceOfCommonStock |
0us-gaap_ProceedsFromIssuanceOfCommonStock |
0us-gaap_ProceedsFromIssuanceOfCommonStock |
Proceeds from issuance of common stock, net of deferred initial public offering costs |
102,672us-gaap_ProceedsFromIssuanceInitialPublicOffering |
0us-gaap_ProceedsFromIssuanceInitialPublicOffering |
0us-gaap_ProceedsFromIssuanceInitialPublicOffering |
Proceeds from issuance of convertible notes and notes payable |
6,750us-gaap_ProceedsFromNotesPayable |
21,903us-gaap_ProceedsFromNotesPayable |
18,170us-gaap_ProceedsFromNotesPayable |
Principal payments made on capital leases and financing obligation |
(228)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities |
(982)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities |
(1,154)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities |
Principal payments made on notes payable |
(12,316)us-gaap_RepaymentsOfNotesPayable |
(7,594)us-gaap_RepaymentsOfNotesPayable |
(3,403)us-gaap_RepaymentsOfNotesPayable |
Proceeds from the exercise of stock options and employee stock purchase plan |
1,771us-gaap_ProceedsFromStockOptionsExercised |
11us-gaap_ProceedsFromStockOptionsExercised |
6us-gaap_ProceedsFromStockOptionsExercised |
Payments to settle warrants |
(1,438)us-gaap_PaymentsForRepurchaseOfWarrants |
0us-gaap_PaymentsForRepurchaseOfWarrants |
0us-gaap_PaymentsForRepurchaseOfWarrants |
Proceeds from the exercise of common stock warrants |
0us-gaap_ProceedsFromIssuanceOfWarrants |
7us-gaap_ProceedsFromIssuanceOfWarrants |
1us-gaap_ProceedsFromIssuanceOfWarrants |
Proceeds from issuance of convertible preferred stock, net |
0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock |
40,646us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock |
0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock |
Net cash provided by financing activities |
229,091us-gaap_NetCashProvidedByUsedInFinancingActivities |
53,991us-gaap_NetCashProvidedByUsedInFinancingActivities |
13,620us-gaap_NetCashProvidedByUsedInFinancingActivities |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
167,118us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
(169)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
(25,538)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
CASH AND CASH EQUIVALENTS — Beginning of period |
3,914us-gaap_CashAndCashEquivalentsAtCarryingValue |
4,083us-gaap_CashAndCashEquivalentsAtCarryingValue |
29,621us-gaap_CashAndCashEquivalentsAtCarryingValue |
CASH AND CASH EQUIVALENTS — End of period |
171,032us-gaap_CashAndCashEquivalentsAtCarryingValue |
3,914us-gaap_CashAndCashEquivalentsAtCarryingValue |
4,083us-gaap_CashAndCashEquivalentsAtCarryingValue |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |
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Cash paid for interest |
1,182us-gaap_InterestPaid |
1,590us-gaap_InterestPaid |
2,302us-gaap_InterestPaid |
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION: |
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Conversion of Series E-1, E-2, E-3, E-4 and E-5 preferred stock into common stock |
123,982us-gaap_ConversionOfStockAmountConverted1 |
0us-gaap_ConversionOfStockAmountConverted1 |
0us-gaap_ConversionOfStockAmountConverted1 |
Conversion of 2013 Notes into common stock |
26,206us-gaap_DebtConversionOriginalDebtAmount1 |
0us-gaap_DebtConversionOriginalDebtAmount1 |
0us-gaap_DebtConversionOriginalDebtAmount1 |
Issuance of common stock upon net exercise of common stock warrants in connection with IPO |
6,490rvnc_IssuanceOfCommonStockUponNetExerciseOfWarrants |
0rvnc_IssuanceOfCommonStockUponNetExerciseOfWarrants |
0rvnc_IssuanceOfCommonStockUponNetExerciseOfWarrants |
Fair value in excess of debt host for derivative liabilities associated with convertible notes |
1,050us-gaap_NotesAssumed1 |
5,750us-gaap_NotesAssumed1 |
2,255us-gaap_NotesAssumed1 |
Deferred initial public offering costs |
4,028rvnc_NoncashDeferredInitialPublicOfferingCosts |
2,490rvnc_NoncashDeferredInitialPublicOfferingCosts |
0rvnc_NoncashDeferredInitialPublicOfferingCosts |
Deferred follow-on public offering costs |
546rvnc_NonCashDeferredFollowonPublicOfferingCosts |
0rvnc_NonCashDeferredFollowonPublicOfferingCosts |
0rvnc_NonCashDeferredFollowonPublicOfferingCosts |
Conversion of preferred stock warrants to common stock warrants |
1,441rvnc_ConversionOfPreferredStockWarrantsToCommonStockWarrants |
0rvnc_ConversionOfPreferredStockWarrantsToCommonStockWarrants |
0rvnc_ConversionOfPreferredStockWarrantsToCommonStockWarrants |
Conversion of Essex Notes into financing obligations |
1,095us-gaap_DebtConversionConvertedInstrumentAmount1 |
0us-gaap_DebtConversionConvertedInstrumentAmount1 |
0us-gaap_DebtConversionConvertedInstrumentAmount1 |
Termination of stock option repurchase right |
58rvnc_TerminationofStockOptionRepurchaseRightNoncash |
0rvnc_TerminationofStockOptionRepurchaseRightNoncash |
0rvnc_TerminationofStockOptionRepurchaseRightNoncash |
Capital contribution on the extinguishment of the prior convertible preferred stock |
0us-gaap_ConversionOfStockAmountIssued1 |
74,894us-gaap_ConversionOfStockAmountIssued1 |
0us-gaap_ConversionOfStockAmountIssued1 |
Capital contribution on the extinguishment of the 2011 Notes |
0us-gaap_ExtinguishmentOfDebtAmount |
32,008us-gaap_ExtinguishmentOfDebtAmount |
0us-gaap_ExtinguishmentOfDebtAmount |
Deemed dividend on issuance of Series E-5 convertible preferred stock |
0rvnc_DeemedDividendAssociatedWithBeneficialConversionOfConvertiblePreferredStock |
177rvnc_DeemedDividendAssociatedWithBeneficialConversionOfConvertiblePreferredStock |
0rvnc_DeemedDividendAssociatedWithBeneficialConversionOfConvertiblePreferredStock |
Issuance of common stock warrants in connection with Series E-5 convertible preferred stock financing |
0rvnc_IssuanceofCommonStockWarrantsConvertiblePreferredStockFinancing |
4,272rvnc_IssuanceofCommonStockWarrantsConvertiblePreferredStockFinancing |
153rvnc_IssuanceofCommonStockWarrantsConvertiblePreferredStockFinancing |
Issuance of common stock warrants in connection with the 2013 Notes |
981rvnc_IssuanceOfCommonStockWarrants |
2,737rvnc_IssuanceOfCommonStockWarrants |
0rvnc_IssuanceOfCommonStockWarrants |
Property and equipment purchases included in accounts payable and accruals and other current liabilities |
1,348us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 |
2,285us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 |
0us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 |
Issuance of convertible preferred stock warrants |
80rvnc_IssuanceOfConvertiblePreferredStockWarrants |
139rvnc_IssuanceOfConvertiblePreferredStockWarrants |
0rvnc_IssuanceOfConvertiblePreferredStockWarrants |
Fair value of common stock warrants issued |
$ 379rvnc_FairValueofWarrantsIssued |
$ 0rvnc_FairValueofWarrantsIssued |
$ 0rvnc_FairValueofWarrantsIssued |