2013 Q3 Form 10-Q Financial Statement

#000119312513328105 Filed on August 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $9.000M $8.700M $20.90M
YoY Change -46.43% -58.37% 1.46%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.800M $5.800M $11.20M
YoY Change -46.88% -48.21% 33.33%
% of Gross Profit
Research & Development $34.46M $24.22M $21.72M
YoY Change 55.96% 11.47% -14.14%
% of Gross Profit
Depreciation & Amortization $2.800M $2.700M $2.600M
YoY Change 21.74% 3.85% 100.0%
% of Gross Profit
Operating Expenses $41.23M $30.00M $32.95M
YoY Change 18.1% -8.96% -2.32%
Operating Profit -$32.23M -$21.31M -$12.07M
YoY Change 77.63% 76.61%
Interest Expense $300.0K $300.0K -$900.0K
YoY Change -121.43% -133.33% 28.57%
% of Operating Profit
Other Income/Expense, Net $278.0K $259.0K -$889.0K
YoY Change -120.52% -129.13%
Pretax Income -$31.96M -$21.05M -$12.96M
YoY Change 63.86% 62.5% -6.12%
Income Tax -$2.270M -$2.884M $0.00
% Of Pretax Income
Net Earnings -$29.69M -$18.17M -$12.96M
YoY Change 52.22% 40.24% -6.28%
Net Earnings / Revenue -329.84% -208.84% -61.99%
Basic Earnings Per Share
Diluted Earnings Per Share -$476.0K -$295.0K -$253.4K
COMMON SHARES
Basic Shares Outstanding 62.96M shares 62.17M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $193.8M $209.7M $229.0M
YoY Change -15.13% -8.43% 5.09%
Cash & Equivalents $11.84M $24.98M $48.27M
Short-Term Investments $181.9M $184.7M $180.8M
Other Short-Term Assets $4.800M $4.200M $6.900M
YoY Change -15.79% -39.13% 35.29%
Inventory
Prepaid Expenses
Receivables $600.0K $500.0K $4.400M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $199.2M $214.4M $240.3M
YoY Change -15.58% -10.8% 7.13%
LONG-TERM ASSETS
Property, Plant & Equipment $16.97M $18.05M $14.20M
YoY Change -9.67% 27.08% -12.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $231.4M $230.2M $63.70M
YoY Change -8499.27% 261.38% -36.24%
Other Assets
YoY Change
Total Long-Term Assets $248.3M $248.2M $78.20M
YoY Change 187.37% 217.39% -32.88%
TOTAL ASSETS
Total Short-Term Assets $199.2M $214.4M $240.3M
Total Long-Term Assets $248.3M $248.2M $78.20M
Total Assets $447.5M $462.6M $318.5M
YoY Change 38.82% 45.23% -6.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.728M $4.534M $5.500M
YoY Change -46.44% -17.56% -30.38%
Accrued Expenses $15.39M $8.488M $14.20M
YoY Change 3.16% -40.23% 24.56%
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 $54.90M $53.07M $57.10M
YoY Change 0.25% -7.06% -43.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $95.00M $101.3M $73.10M
YoY Change 18134.17% 38.58% -29.51%
Total Long-Term Liabilities $95.00M $101.3M $73.10M
YoY Change 18134.17% 38.58% -29.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $54.90M $53.07M $57.10M
Total Long-Term Liabilities $95.00M $101.3M $73.10M
Total Liabilities $149.9M $154.4M $130.2M
YoY Change 3.26% 18.57% -36.27%
SHAREHOLDERS EQUITY
Retained Earnings -$563.9M -$534.2M
YoY Change 26.76%
Common Stock $834.3M $814.2M
YoY Change 34.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $297.6M $308.2M $188.3M
YoY Change
Total Liabilities & Shareholders Equity $447.5M $462.6M $318.5M
YoY Change 38.82% 45.23% -6.54%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$29.69M -$18.17M -$12.96M
YoY Change 52.22% 40.24% -6.28%
Depreciation, Depletion And Amortization $2.800M $2.700M $2.600M
YoY Change 21.74% 3.85% 100.0%
Cash From Operating Activities -$21.70M -$23.60M -$21.70M
YoY Change -517.31% 8.76% -18.42%
INVESTING ACTIVITIES
Capital Expenditures -$900.0K -$400.0K -$1.600M
YoY Change -84.48% -75.0% 220.0%
Acquisitions
YoY Change
Other Investing Activities -$1.500M -$52.90M $9.200M
YoY Change -106.36% -675.0% 196.77%
Cash From Investing Activities -$2.600M -$53.20M $7.600M
YoY Change -114.53% -800.0% 192.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.10M 4.000M 600.0K
YoY Change 146.67% 566.67% 20.0%
NET CHANGE
Cash From Operating Activities -21.70M -23.60M -21.70M
Cash From Investing Activities -2.600M -53.20M 7.600M
Cash From Financing Activities 11.10M 4.000M 600.0K
Net Change In Cash -13.20M -72.80M -13.50M
YoY Change -147.83% 439.26% -42.55%
FREE CASH FLOW
Cash From Operating Activities -$21.70M -$23.60M -$21.70M
Capital Expenditures -$900.0K -$400.0K -$1.600M
Free Cash Flow -$20.80M -$23.20M -$20.10M
YoY Change -289.09% 15.42% -22.99%

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CY2012Q2 us-gaap License And Services Revenue
LicenseAndServicesRevenue
20884000
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-25000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-12956000
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-21000
CY2012Q2 us-gaap Investment Income Net
InvestmentIncomeNet
271000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12981000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-12067000
CY2012Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-889000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-12956000
CY2012Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11228000
CY2012Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
700000
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
32951000
CY2012Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21723000
CY2012Q2 alny Non Cash Stock Based Compensation Expenses Research And Development
NonCashStockBasedCompensationExpensesResearchAndDevelopment
1998000
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9171000 shares
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.29
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
61661000 shares
CY2012Q2 alny Non Cash Stock Based Compensation Expenses General And Administrative
NonCashStockBasedCompensationExpensesGeneralAndAdministrative
1098000
CY2013Q2 us-gaap License And Services Revenue
LicenseAndServicesRevenue
8687000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
7309000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-21053000
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-11000
CY2013Q2 us-gaap Investment Income Net
InvestmentIncomeNet
270000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-10860000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-21312000
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
259000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-18169000
CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5784000
CY2013Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
600000
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
29999000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2884000
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24215000
CY2013Q2 alny Non Cash Stock Based Compensation Expenses Research And Development
NonCashStockBasedCompensationExpensesResearchAndDevelopment
2200000
CY2013Q2 alny Non Cash Stock Based Compensation Expenses General And Administrative
NonCashStockBasedCompensationExpensesGeneralAndAdministrative
1177000

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