Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock trades on the Nasdaq Global Market under the trading symbol “KOD”.
Holders of Common Stock
As of February 19, 2021, there were approximately 29 holders of record of our common stock. The approximate number of holders is based upon the actual number of holders registered in our records at such date and excludes holders in “street name” or persons, partnerships, associations, corporations, or other entities identified in security positions listings maintained by depository trust companies.
Dividend Policy
We have never declared or paid any cash dividends on our common stock and do not anticipate paying cash dividends in the foreseeable future.
Recent Sales of Unregistered Securities
None.
Purchases of Equity Securities by the Issuer and Affiliated Purchases
None.
108
ITEM 6. SELECTED CONSO LIDATED FINANCIAL DATA
You should read the selected historical financial data below in conjunction with the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and related notes included elsewhere in this Annual Report on Form 10-K. The selected financial data set forth below is derived from our audited consolidated financial statements and may not be indicative of future operating results.
Year Ended December 31,
2020
2019
2018
2017
2016
(in thousands, except share and per share data)
Consolidated Statements of Operations Data:
Operating expenses
Research and development
$
107,389
$
37,506
$
18,793
$
22,022
$
14,053
General and administrative
28,618
11,684
7,581
3,499
3,098
Total operating expenses
136,007
49,190
26,374
25,521
17,151
Loss from operations
(136,007
)
(49,190
)
(26,374
)
(25,521
)
(17,151
)
Interest income
2,902
1,568
617
—
—
Interest expense
(25
)
(8
)
(5,519
)
(1,185
)
(6
)
Other income (expense), net
34
265
(4,688
)
(1,230
)
25
Loss on extinguishment of debt
—
—
(5,479
)
—
—
Net loss
$
(133,096
)
$
(47,365
)
$
(41,443
)
$
(27,936
)
$
(17,132
)
Net loss per share attributable to common stockholders,
basic and diluted
$
(2.91
)
$
(1.25
)
$
(2.77
)
$
(3.72
)
$
(2.38
)
Weighted-average shares outstanding used in
computing net loss per share attributable to
common stockholders, basic and diluted
45,741,845
37,853,616
14,976,515
7,515,336
7,211,360
As of December 31,
2020
2019
2018
2017
2016
(in thousands)
Consolidated Balance Sheet Data:
Cash, cash equivalents and marketable securities
$
968,974
$
348,177
$
88,254
$
1,395
$
9,622
Working capital
940,583
327,519
85,623
(7,563
)
7,682
Total assets
1,067,347
358,866
92,189
3,244
12,114
Total liabilities
206,596
13,507
5,356
21,965
3,180
Accumulated deficit
(291,227
)
(158,131
)
(110,766
)
(69,323
)
(41,387
)
Total stockholders’ equity (deficit)
860,751
345,359
86,833
(68,738
)
(41,083
)
109
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.