2024 Q3 Form 10-Q Financial Statement

#000152927424000216 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $85.91M
YoY Change 26.89%
Cost Of Revenue $35.29M
YoY Change 13.28%
Gross Profit $50.62M
YoY Change 38.49%
Gross Profit Margin 58.92%
Selling, General & Admin $36.55M
YoY Change 20.94%
% of Gross Profit 72.21%
Research & Development $24.13M
YoY Change 10.93%
% of Gross Profit 47.68%
Depreciation & Amortization $1.000M
YoY Change 0.0%
% of Gross Profit 1.98%
Operating Expenses $61.05M
YoY Change 16.64%
Operating Profit -$10.43M
YoY Change -33.95%
Interest Expense $967.0K
YoY Change -49.92%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$9.461M
YoY Change -38.71%
Income Tax -$19.00K
% Of Pretax Income
Net Earnings -$9.442M
YoY Change -38.99%
Net Earnings / Revenue -10.99%
Basic Earnings Per Share -$0.09
Diluted Earnings Per Share -$0.09
COMMON SHARES
Basic Shares Outstanding 99.44M shares
Diluted Shares Outstanding 99.44M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $101.0M
YoY Change -43.34%
Cash & Equivalents $80.96M
Short-Term Investments $20.03M
Other Short-Term Assets $25.61M
YoY Change 10.86%
Inventory
Prepaid Expenses
Receivables $42.41M
Other Receivables $0.00
Total Short-Term Assets $169.0M
YoY Change -27.36%
LONG-TERM ASSETS
Property, Plant & Equipment $21.04M
YoY Change 29.47%
Goodwill $148.1M
YoY Change 0.0%
Intangibles $30.72M
YoY Change -18.09%
Long-Term Investments
YoY Change
Other Assets $3.840M
YoY Change -3.57%
Total Long-Term Assets $253.2M
YoY Change 1.46%
TOTAL ASSETS
Total Short-Term Assets $169.0M
Total Long-Term Assets $253.2M
Total Assets $422.2M
YoY Change -12.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.591M
YoY Change -1.79%
Accrued Expenses $28.05M
YoY Change 6.64%
Deferred Revenue $13.09M
YoY Change 40.53%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $48.04M
YoY Change -2.32%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities $216.0K
YoY Change -42.55%
Total Long-Term Liabilities $216.0K
YoY Change -99.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.04M
Total Long-Term Liabilities $216.0K
Total Liabilities $83.69M
YoY Change -47.87%
SHAREHOLDERS EQUITY
Retained Earnings -$468.6M
YoY Change 10.86%
Common Stock $100.0K
YoY Change 5.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $338.5M
YoY Change
Total Liabilities & Shareholders Equity $422.2M
YoY Change -12.44%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$9.442M
YoY Change -38.99%
Depreciation, Depletion And Amortization $1.000M
YoY Change 0.0%
Cash From Operating Activities $10.99M
YoY Change 251.02%
INVESTING ACTIVITIES
Capital Expenditures $2.299M
YoY Change 49.29%
Acquisitions
YoY Change
Other Investing Activities $6.070M
YoY Change -141.24%
Cash From Investing Activities $3.771M
YoY Change -123.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.766M
YoY Change -711.03%
NET CHANGE
Cash From Operating Activities 10.99M
Cash From Investing Activities 3.771M
Cash From Financing Activities 4.766M
Net Change In Cash 19.52M
YoY Change -240.36%
FREE CASH FLOW
Cash From Operating Activities $10.99M
Capital Expenditures $2.299M
Free Cash Flow $8.688M
YoY Change 446.42%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:112%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Significant estimates and assumptions include determining the timing and amount of revenue recognition and business combinations.</span></div>
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CY2024Q3 us-gaap Goodwill
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Files In Submission

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