2023 Q1 Form 10-Q Financial Statement

#000154565423000022 Filed on May 05, 2023

View on sec.gov

Income Statement

Concept 2023 Q1
Revenue $50.40M
YoY Change -48.68%
Cost Of Revenue $28.60M
YoY Change -57.57%
Gross Profit $21.80M
YoY Change -29.22%
Gross Profit Margin 43.25%
Selling, General & Admin $8.700M
YoY Change -29.84%
% of Gross Profit 39.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.200M
YoY Change -18.58%
% of Gross Profit 42.2%
Operating Expenses $8.700M
YoY Change -29.84%
Operating Profit $14.20M
YoY Change -22.83%
Interest Expense $5.000M
YoY Change -12.28%
% of Operating Profit 35.21%
Other Income/Expense, Net -$200.0K
YoY Change -94.12%
Pretax Income $9.500M
YoY Change -13.64%
Income Tax $5.000K
% Of Pretax Income 0.05%
Net Earnings $5.300M
YoY Change -49.52%
Net Earnings / Revenue 10.52%
Basic Earnings Per Share $0.07
Diluted Earnings Per Share $0.07
COMMON SHARES
Basic Shares Outstanding 72.59M shares
Diluted Shares Outstanding 72.60M shares

Balance Sheet

Concept 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.70M
YoY Change -68.25%
Cash & Equivalents $10.70M
Short-Term Investments
Other Short-Term Assets $1.000M
YoY Change 0.0%
Inventory
Prepaid Expenses
Receivables $4.200M
Other Receivables $0.00
Total Short-Term Assets $14.90M
YoY Change -84.7%
LONG-TERM ASSETS
Property, Plant & Equipment $1.506B
YoY Change -7.41%
Goodwill $8.700M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $218.7M
YoY Change 100.46%
Total Long-Term Assets $1.741B
YoY Change -0.91%
TOTAL ASSETS
Total Short-Term Assets $14.90M
Total Long-Term Assets $1.741B
Total Assets $1.756B
YoY Change -5.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.900M
YoY Change -62.88%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.900M
YoY Change -62.88%
LONG-TERM LIABILITIES
Long-Term Debt $479.2M
YoY Change -8.23%
Other Long-Term Liabilities $244.4M
YoY Change 1.24%
Total Long-Term Liabilities $723.6M
YoY Change -5.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.900M
Total Long-Term Liabilities $723.6M
Total Liabilities $728.5M
YoY Change -6.22%
SHAREHOLDERS EQUITY
Retained Earnings -$785.4M
YoY Change 17.86%
Common Stock $1.808B
YoY Change -0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.020B
YoY Change
Total Liabilities & Shareholders Equity $1.756B
YoY Change -5.31%

Cashflow Statement

Concept 2023 Q1
OPERATING ACTIVITIES
Net Income $5.300M
YoY Change -49.52%
Depreciation, Depletion And Amortization $9.200M
YoY Change -18.58%
Cash From Operating Activities $5.500M
YoY Change -24.66%
INVESTING ACTIVITIES
Capital Expenditures $3.000M
YoY Change -178.95%
Acquisitions
YoY Change
Other Investing Activities $3.700M
YoY Change -3800.0%
Cash From Investing Activities $700.0K
YoY Change -117.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $18.00M
YoY Change 71.43%
Cash From Financing Activities -$27.80M
YoY Change -29.97%
NET CHANGE
Cash From Operating Activities $5.500M
Cash From Investing Activities $700.0K
Cash From Financing Activities -$27.80M
Net Change In Cash -$21.60M
YoY Change -40.5%
FREE CASH FLOW
Cash From Operating Activities $5.500M
Capital Expenditures $3.000M
Free Cash Flow $2.500M
YoY Change -77.48%

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