2018 Q3 Form 10-Q Financial Statement
#000114420418043278 Filed on August 09, 2018
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% |
Facts In Submission
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2018 | ||
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us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3390000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-77000 | USD | |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
170098000 | USD |
CY2018Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
5783000 | USD |
CY2017Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2393000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
467000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
198000 | USD | |
CY2018Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
314000 | USD |
CY2017Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
161000 | USD |
CY2018Q1 | abeo |
Stock Issued During Period Value Warrants Two Exercised
StockIssuedDuringPeriodValueWarrantsTwoExercised
|
144000 | USD |
CY2018Q2 | abeo |
Stock Issued During Period Value Warrants Two Exercised
StockIssuedDuringPeriodValueWarrantsTwoExercised
|
89000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-20163000 | USD | |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11700000 | USD |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8279000 | USD |
CY2018Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
0 | USD |
CY2017Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
3214000 | USD |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-13104000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10839000 | USD | |
CY2018Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5783000 | USD |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5607000 | USD |
CY2017Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.21 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.43 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.34 | ||
CY2018Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
0 | USD |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
47182691 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40262824 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
47303518 | shares |
CY2017Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40270879 | shares |
CY2018Q2 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
0 | USD |
CY2017Q4 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
3061000 | USD |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6923000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
84000 | USD | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
69852000 | USD | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
0 | USD | |
CY2018Q2 | us-gaap |
Liabilities
Liabilities
|
5783000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
8668000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8463000 | USD |
CY2018Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
169199000 | USD |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2166000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
85000 | USD | |
CY2018Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
473000 | USD |
CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
469000 | USD |
CY2018Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
536733000 | USD |
CY2017Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
529421000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2399000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
85000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-87480000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-10838000 | USD | |
CY2018Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-376292000 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-359792000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
160914000 | USD |
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 |