2018 Q3 Form 10-Q Financial Statement

#000114420418043278 Filed on August 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 Q2 2017 Q2
Revenue $1.709M $819.0K $217.0K
YoY Change 680.37% 277.42% 1.4%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.970M $4.630M $2.640M
YoY Change 129.03% 75.38% -29.22%
% of Gross Profit
Research & Development $13.15M $7.916M $5.808M
YoY Change 301.28% 36.29% 92.45%
% of Gross Profit
Depreciation & Amortization $505.0K $290.0K $207.0K
YoY Change 265.94% 40.1% 14.36%
% of Gross Profit
Operating Expenses $13.15M $7.916M $5.808M
YoY Change 301.28% 36.29% 92.45%
Operating Profit -$16.92M -$12.56M -$8.440M
YoY Change 215.48% 48.78% 25.69%
Interest Expense $500.0K $310.0K $160.0K
YoY Change 2400.0% 93.75% 1500.0%
% of Operating Profit
Other Income/Expense, Net $497.0K $314.0K $161.0K
YoY Change 2515.79% 95.03% 1241.67%
Pretax Income -$16.42M -$12.24M -$8.280M
YoY Change 207.49% 47.83% 23.58%
Income Tax
% Of Pretax Income
Net Earnings -$16.42M -$12.24M -$8.279M
YoY Change 207.3% 47.88% 23.51%
Net Earnings / Revenue -960.74% -1494.87% -3815.21%
Basic Earnings Per Share
Diluted Earnings Per Share -$339.8K -$258.8K -$205.6K
COMMON SHARES
Basic Shares Outstanding 47.94M shares 47.31M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q3 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $112.2M $119.8M $58.30M
YoY Change 98.58% 105.49% 69.97%
Cash & Equivalents $33.60M $49.99M $58.30M
Short-Term Investments $78.60M $69.90M
Other Short-Term Assets $2.000M $1.900M $900.0K
YoY Change 11.11% 111.11% 350.0%
Inventory
Prepaid Expenses
Receivables $400.0K $0.00 $100.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $114.6M $121.8M $59.30M
YoY Change 96.15% 105.44% 71.39%
LONG-TERM ASSETS
Property, Plant & Equipment $9.245M $8.007M $700.0K
YoY Change 1220.71% 1043.86% 16.67%
Goodwill $32.47M $32.47M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $600.0K $600.0K $100.0K
YoY Change 500.0% 500.0% 0.0%
Total Long-Term Assets $46.03M $44.87M $37.36M
YoY Change 23.39% 20.11% -5.66%
TOTAL ASSETS
Total Short-Term Assets $114.6M $121.8M $59.30M
Total Long-Term Assets $46.03M $44.87M $37.36M
Total Assets $160.6M $166.7M $96.66M
YoY Change 67.79% 72.46% 30.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.33M $5.783M $3.617M
YoY Change 416.55% 59.88% 72.24%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.33M $5.783M $4.219M
YoY Change 297.35% 37.07% -51.51%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $3.400M
YoY Change -100.0% -100.0% -15.0%
Total Long-Term Liabilities $0.00 $0.00 $3.400M
YoY Change -100.0% -100.0% -15.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.33M $5.783M $4.219M
Total Long-Term Liabilities $0.00 $0.00 $3.400M
Total Liabilities $10.33M $5.783M $7.581M
YoY Change 75.1% -23.72% -40.31%
SHAREHOLDERS EQUITY
Retained Earnings -$392.7M -$376.3M -$346.0M
YoY Change 8.76%
Common Stock $543.0M $537.2M $435.1M
YoY Change 23.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $150.2M $160.9M $89.08M
YoY Change
Total Liabilities & Shareholders Equity $160.6M $166.7M $96.66M
YoY Change 67.79% 72.46% 30.27%

Cashflow Statement

Concept 2018 Q3 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$16.42M -$12.24M -$8.279M
YoY Change 207.3% 47.88% 23.51%
Depreciation, Depletion And Amortization $505.0K $290.0K $207.0K
YoY Change 265.94% 40.1% 14.36%
Cash From Operating Activities -$9.040M -$9.020M -$4.980M
YoY Change 33.53% 81.12% 60.13%
INVESTING ACTIVITIES
Capital Expenditures -$1.660M -$3.420M -$10.00K
YoY Change 1975.0% 34100.0% -91.67%
Acquisitions
YoY Change
Other Investing Activities -$8.780M -$69.85M
YoY Change
Cash From Investing Activities -$10.43M -$73.28M -$10.00K
YoY Change 12937.5% 732700.0% -91.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.080M 570.0K 90.00K
YoY Change -39.13% 533.33% -40.0%
NET CHANGE
Cash From Operating Activities -9.040M -9.020M -4.980M
Cash From Investing Activities -10.43M -73.28M -10.00K
Cash From Financing Activities 3.080M 570.0K 90.00K
Net Change In Cash -16.39M -81.73M -4.900M
YoY Change 815.64% 1567.96% 59.09%
FREE CASH FLOW
Cash From Operating Activities -$9.040M -$9.020M -$4.980M
Capital Expenditures -$1.660M -$3.420M -$10.00K
Free Cash Flow -$7.380M -$5.600M -$4.970M
YoY Change 10.31% 12.68% 66.22%

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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
138030000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69142000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50550000 USD
CY2017Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58304000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
166697000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
178766000 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
58304000 USD
us-gaap Interest Paid Net
InterestPaidNet
6000 USD
us-gaap Interest Paid Net
InterestPaidNet
5000 USD
CY2018Q2 abeo Other Assets And Restricted Cash
OtherAssetsAndRestrictedCash
595000 USD
CY2017Q4 abeo Other Assets And Restricted Cash
OtherAssetsAndRestrictedCash
357000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2612000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-302000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76775000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-84000 USD
abeo Cash And Cash Equivalents Restricted Cash
CashAndCashEquivalentsRestrictedCash
50550000 USD
abeo Cash And Cash Equivalents Restricted Cash
CashAndCashEquivalentsRestrictedCash
58304000 USD
CY2018Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
69852000 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
4000000 USD
CY2018Q2 abeo Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExercisePrice
16.27
abeo Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExercisePrice
14.38

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