XML 30 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Grant revenue $ 1,979 $ 335  
Operating expenses:      
Research and development 32,869 26,333 $ 11,125
General and administrative 10,840 7,223 2,202
Total operating expenses 43,709 33,556 13,327
Loss from operations (41,730) (33,221) (13,327)
Other income (expense):      
Change in fair value of derivative liabilities 1,541 580 174
Interest income and other income (expense), net 303    
Total other income (expense), net 1,844 580 174
Net loss and comprehensive loss (39,886) (32,641) (13,153)
Less: Net loss attributable to non-controlling interest (1,143) (7,150) (2,999)
Net loss attributable to Spero Therapeutics, Inc. (38,743) (25,491) (10,154)
Cumulative dividends on redeemable convertible preferred shares (6,146) (3,441) (932)
Accretion of redeemable bridge units and redeemable convertible preferred shares to redemption value (1,208) (996) (2,341)
Net loss attributable to common shareholders of Spero Therapeutics, Inc. $ (46,097) $ (29,928) $ (13,427)
Net loss per share attributable to common shareholders per share, basic and diluted $ (17.82) $ (95.87) $ (53.11)
Weighted average shares outstanding, basic and diluted: 2,586,865 312,169 252,807