2021 Q1 Form 10-Q Financial Statement

#000156459021024268 Filed on May 06, 2021

View on sec.gov

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%

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