2018 Q4 Form 10-Q Financial Statement

#000114420418058739 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $480.0K $1.709M $819.0K
YoY Change 118.18% 680.37% 277.42%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.630M $4.970M $4.630M
YoY Change 145.34% 129.03% 75.38%
% of Gross Profit
Research & Development $9.470M $13.15M $7.916M
YoY Change 65.97% 301.28% 36.29%
% of Gross Profit
Depreciation & Amortization $1.390M $505.0K $290.0K
YoY Change 892.86% 265.94% 40.1%
% of Gross Profit
Operating Expenses $9.470M $13.15M $7.916M
YoY Change 65.97% 301.28% 36.29%
Operating Profit -$18.01M -$16.92M -$12.56M
YoY Change 105.83% 215.48% 48.78%
Interest Expense $530.0K $500.0K $310.0K
YoY Change 76.67% 2400.0% 93.75%
% of Operating Profit
Other Income/Expense, Net $497.0K $314.0K
YoY Change 2515.79% 95.03%
Pretax Income -$17.48M -$16.42M -$12.24M
YoY Change 106.86% 207.49% 47.83%
Income Tax
% Of Pretax Income
Net Earnings -$17.48M -$16.42M -$12.24M
YoY Change 106.85% 207.3% 47.88%
Net Earnings / Revenue -3641.46% -960.74% -1494.87%
Basic Earnings Per Share
Diluted Earnings Per Share -$360.6K -$339.8K -$258.8K
COMMON SHARES
Basic Shares Outstanding 47.94M shares 47.94M shares 47.31M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $85.00M $112.2M $119.8M
YoY Change -38.32% 98.58% 105.49%
Cash & Equivalents $18.75M $33.60M $49.99M
Short-Term Investments $66.20M $78.60M $69.90M
Other Short-Term Assets $3.800M $2.000M $1.900M
YoY Change 40.74% 11.11% 111.11%
Inventory
Prepaid Expenses
Receivables $100.0K $400.0K $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $88.85M $114.6M $121.8M
YoY Change -36.8% 96.15% 105.44%
LONG-TERM ASSETS
Property, Plant & Equipment $9.443M $9.245M $8.007M
YoY Change 587.26% 1220.71% 1043.86%
Goodwill $32.47M $32.47M $32.47M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $600.0K $600.0K $600.0K
YoY Change 50.0% 500.0% 500.0%
Total Long-Term Assets $85.55M $46.03M $44.87M
YoY Change 124.1% 23.39% 20.11%
TOTAL ASSETS
Total Short-Term Assets $88.85M $114.6M $121.8M
Total Long-Term Assets $85.55M $46.03M $44.87M
Total Assets $174.4M $160.6M $166.7M
YoY Change -2.44% 67.79% 72.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.122M $10.33M $5.783M
YoY Change 225.47% 416.55% 59.88%
Accrued Expenses $3.936M
YoY Change 668.75%
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 $20.35M $10.33M $5.783M
YoY Change 263.01% 297.35% 37.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $20.00M $0.00 $0.00
YoY Change 545.16% -100.0% -100.0%
Total Long-Term Liabilities $20.00M $0.00 $0.00
YoY Change 545.16% -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.35M $10.33M $5.783M
Total Long-Term Liabilities $20.00M $0.00 $0.00
Total Liabilities $40.35M $10.33M $5.783M
YoY Change 365.55% 75.1% -23.72%
SHAREHOLDERS EQUITY
Retained Earnings -$410.2M -$392.7M -$376.3M
YoY Change 14.01% 8.76%
Common Stock $544.2M $543.0M $537.2M
YoY Change 2.71% 23.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $134.0M $150.2M $160.9M
YoY Change
Total Liabilities & Shareholders Equity $174.4M $160.6M $166.7M
YoY Change -2.44% 67.79% 72.46%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income -$17.48M -$16.42M -$12.24M
YoY Change 106.85% 207.3% 47.88%
Depreciation, Depletion And Amortization $1.390M $505.0K $290.0K
YoY Change 892.86% 265.94% 40.1%
Cash From Operating Activities -$16.97M -$9.040M -$9.020M
YoY Change 236.04% 33.53% 81.12%
INVESTING ACTIVITIES
Capital Expenditures -$10.91M -$1.660M -$3.420M
YoY Change 1458.57% 1975.0% 34100.0%
Acquisitions
YoY Change
Other Investing Activities $13.04M -$8.780M -$69.85M
YoY Change
Cash From Investing Activities $2.120M -$10.43M -$73.28M
YoY Change -402.86% 12937.5% 732700.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 3.080M 570.0K
YoY Change -100.0% -39.13% 533.33%
NET CHANGE
Cash From Operating Activities -16.97M -9.040M -9.020M
Cash From Investing Activities 2.120M -10.43M -73.28M
Cash From Financing Activities 0.000 3.080M 570.0K
Net Change In Cash -14.85M -16.39M -81.73M
YoY Change -118.22% 815.64% 1567.96%
FREE CASH FLOW
Cash From Operating Activities -$16.97M -$9.040M -$9.020M
Capital Expenditures -$10.91M -$1.660M -$3.420M
Free Cash Flow -$6.060M -$7.380M -$5.600M
YoY Change 39.31% 10.31% 12.68%

Facts In Submission

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CY2018Q3 abeo Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExercisePrice
14.45
abeo Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExercisePrice
14.38
CY2018Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2018Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
47944486 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
46888108 shares
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
170098000 USD
CY2018Q1 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
3663000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1900000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
172000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1685000 USD
CY2018Q1 abeo Stock Issued During Period Value Warrants Two Exercised
StockIssuedDuringPeriodValueWarrantsTwoExercised
144000 USD
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-8463000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
169199000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2673000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
172000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
481000 USD
CY2018Q2 abeo Stock Issued During Period Value Warrants Two Exercised
StockIssuedDuringPeriodValueWarrantsTwoExercised
89000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-11700000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
160914000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2499000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
172000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
79000 USD
CY2018Q3 abeo Stock Issued During Period Value Warrants Two Exercised
StockIssuedDuringPeriodValueWarrantsTwoExercised
3000000 USD
CY2017 abeo Proceeds From Grant Received
ProceedsFromGrantReceived
2.4 USD
CY2018Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
800000 USD
CY2018Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
16366000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
0 USD

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