2021 Q1 Form 10-Q Financial Statement
#000156459021024268 Filed on May 06, 2021
Income Statement
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
Revenue | $106.6M | $90.07M |
YoY Change | 18.3% | 43.06% |
Cost Of Revenue | $2.185M | $5.000M |
YoY Change | -56.3% | 69.49% |
Gross Profit | $104.4M | $87.27M |
YoY Change | 19.59% | 45.43% |
Gross Profit Margin | 97.95% | 96.89% |
Selling, General & Admin | $111.7M | $102.0M |
YoY Change | 9.5% | 9.54% |
% of Gross Profit | 106.99% | 116.85% |
Research & Development | $56.97M | $72.64M |
YoY Change | -21.56% | 37.25% |
% of Gross Profit | 54.59% | 83.23% |
Depreciation & Amortization | $525.0K | $294.0K |
YoY Change | 78.57% | -29.16% |
% of Gross Profit | 0.5% | 0.34% |
Operating Expenses | $168.6M | $174.6M |
YoY Change | -3.42% | 19.58% |
Operating Profit | -$66.77M | -$89.52M |
YoY Change | -25.41% | 2.15% |
Interest Expense | $200.0K | $3.000M |
YoY Change | -93.33% | 2.25% |
% of Operating Profit | ||
Other Income/Expense, Net | -$145.0K | $1.497M |
YoY Change | -109.69% | 553.71% |
Pretax Income | -$66.43M | -$88.00M |
YoY Change | -24.51% | 3.62% |
Income Tax | $21.00K | $0.00 |
% Of Pretax Income | ||
Net Earnings | -$66.45M | -$88.02M |
YoY Change | -24.51% | 3.19% |
Net Earnings / Revenue | -62.36% | -97.73% |
Basic Earnings Per Share | -$0.42 | |
Diluted Earnings Per Share | -$415.0K | -$566.3K |
COMMON SHARES | ||
Basic Shares Outstanding | 155.3M | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $577.8M | $651.4M |
YoY Change | -11.3% | 57.22% |
Cash & Equivalents | $304.5M | $173.1M |
Short-Term Investments | $273.3M | $478.3M |
Other Short-Term Assets | $28.50M | $22.10M |
YoY Change | 28.96% | -6.75% |
Inventory | $10.31M | $6.318M |
Prepaid Expenses | ||
Receivables | $56.80M | $41.60M |
Other Receivables | $600.0K | $3.000M |
Total Short-Term Assets | $674.0M | $724.4M |
YoY Change | -6.96% | 52.06% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $72.90M | $13.70M |
YoY Change | 432.12% | 266.6% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $7.600M | $7.100M |
YoY Change | 7.04% | 353.67% |
Total Long-Term Assets | $81.20M | $23.10M |
YoY Change | 251.52% | -6.47% |
TOTAL ASSETS | ||
Total Short-Term Assets | $674.0M | $724.4M |
Total Long-Term Assets | $81.20M | $23.10M |
Total Assets | $755.2M | $747.5M |
YoY Change | 1.03% | 49.17% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $8.800M | $6.600M |
YoY Change | 33.33% | 101.53% |
Accrued Expenses | $100.5M | $93.12M |
YoY Change | 7.95% | 29.86% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $109.4M | $99.70M |
YoY Change | 9.73% | 32.93% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $64.20M | $9.300M |
YoY Change | 590.32% | 818.97% |
Total Long-Term Liabilities | $64.20M | $9.300M |
YoY Change | 590.32% | 818.97% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $109.4M | $99.70M |
Total Long-Term Liabilities | $64.20M | $9.300M |
Total Liabilities | $173.6M | $109.1M |
YoY Change | 59.12% | 31.84% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $581.6M | $638.4M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $755.2M | $747.5M |
YoY Change | 1.03% | 49.17% |
Cashflow Statement
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$66.45M | -$88.02M |
YoY Change | -24.51% | 3.19% |
Depreciation, Depletion And Amortization | $525.0K | $294.0K |
YoY Change | 78.57% | -29.16% |
Cash From Operating Activities | -$60.15M | -$49.00M |
YoY Change | 22.75% | -23.64% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $1.076M | -$930.0K |
YoY Change | -215.7% | -213.14% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $31.95M | $30.54M |
YoY Change | 4.62% | 29.52% |
Cash From Investing Activities | $30.88M | $29.61M |
YoY Change | 4.29% | 30.1% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $7.726M | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 7.726M | 3.754M |
YoY Change | 105.81% | -10.11% |
NET CHANGE | ||
Cash From Operating Activities | -60.15M | -49.00M |
Cash From Investing Activities | 30.88M | 29.61M |
Cash From Financing Activities | 7.726M | 3.754M |
Net Change In Cash | -21.54M | -15.64M |
YoY Change | 37.75% | -58.01% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$60.15M | -$49.00M |
Capital Expenditures | $1.076M | -$930.0K |
Free Cash Flow | -$61.23M | -$48.07M |
YoY Change | 27.36% | -26.04% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021Q1 | us-gaap |
Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
|
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CY2021Q1 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
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CY2020Q4 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
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CY2021Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
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License Fees And Royalty Expense
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|
2507000 | |
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License Fees And Royalty Expense
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|
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Research And Development Expense
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|
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Research And Development Expense
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|
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Selling General And Administrative Expense
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|
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CY2020Q1 | us-gaap |
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|
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Costs And Expenses
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|
173326000 | |
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Costs And Expenses
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179583000 | |
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
145000 | |
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Other Nonoperating Income Expense
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|
-1497000 | |
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Income Tax Expense Benefit
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|
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Net Income Loss
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Earnings Per Share Basic And Diluted
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|
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Profit Loss
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Depreciation
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Increase Decrease In Prepaid Expense
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3520000 | |
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Increase Decrease In Operating Lease Assets
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10000 | |
CY2021Q1 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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|
97422000 | |
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Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
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|
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|
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Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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|
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Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
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|
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Investments Fair Value Disclosure
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|
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CY2020Q4 | us-gaap |
Investments Fair Value Disclosure
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|
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CY2021Q1 | acad |
Obligation Expiration Year
ObligationExpirationYear
|
2021 | |
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Lessee Operating Lease Description
LesseeOperatingLeaseDescription
|
The Company leases facilities and certain equipment under noncancelable operating leases with remaining lease terms of 0.8 years to 10.2 years, some of which include options to extend for up to two five-year terms. | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
|
some of which include options to extend for up to two five-year terms. | |
CY2021Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
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2378000 | |
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Operating Lease Cost
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1487000 | |
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Operating Lease Payments
OperatingLeasePayments
|
1291000 | |
CY2021Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
17417000 | |
CY2020Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
276000 | |
CY2021Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
6082000 | |
CY2020Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
5087000 | |
CY2021Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
60581000 | |
CY2020Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
44460000 | |
CY2021Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
66663000 | |
CY2020Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
49547000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
4071000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
8739000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
8506000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
8275000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
8355000 | |
CY2021Q1 | acad |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
44276000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
82222000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
15559000 | |
CY2021Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
66663000 | |
CY2021Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P9Y7M6D | |
CY2021Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.044 | |
CY2020Q3 | acad |
Capitalization Of Right Of Use Asset
CapitalizationOfRightOfUseAsset
|
40300000 | |
CY2020Q3 | acad |
Capitalization Of Lease Liability
CapitalizationOfLeaseLiability
|
40300000 | |
CY2021Q1 | acad |
Capitalization Of Right Of Use Asset
CapitalizationOfRightOfUseAsset
|
19200000 | |
CY2021Q1 | acad |
Capitalization Of Lease Liability
CapitalizationOfLeaseLiability
|
19200000 |