2022 Q4 Form 10-Q Financial Statement

#000121390022070278 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $328.4M $336.9M $305.6M
YoY Change -14.8% 10.25% 49.27%
Cost Of Revenue $349.8M $356.7M $309.0M
YoY Change 1.86% 15.46% 68.09%
Gross Profit -$21.33M -$19.84M -$3.399M
YoY Change -150.64% 483.67% -116.26%
Gross Profit Margin -6.49% -5.89% -1.11%
Selling, General & Admin $7.551M $7.403M $5.533M
YoY Change -19.74% 33.8% -13.55%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.973M $6.260M $5.850M
YoY Change 3.48% 7.01% -27.33%
% of Gross Profit
Operating Expenses $7.551M $7.403M $5.533M
YoY Change -19.74% 33.8% -14.88%
Operating Profit -$28.88M -$27.24M -$8.932M
YoY Change -188.3% 204.99% -162.03%
Interest Expense -$968.0K -$340.0K -$429.0K
YoY Change 324.56% -20.75% -96.14%
% of Operating Profit
Other Income/Expense, Net $930.0K -$456.0K $256.0K
YoY Change 64.02% -278.13%
Pretax Income -$31.15M -$28.04M -$3.132M
YoY Change -182.8% 795.21% -120.61%
Income Tax $1.925M $0.00
% Of Pretax Income
Net Earnings -$33.39M -$28.04M -$3.132M
YoY Change -192.38% 795.21% -120.61%
Net Earnings / Revenue -10.17% -8.32% -1.03%
Basic Earnings Per Share -$0.39 -$0.05
Diluted Earnings Per Share -$0.46 -$0.39 -$43.88K
COMMON SHARES
Basic Shares Outstanding 73.96M shares 74.18M shares 71.38K shares
Diluted Shares Outstanding 73.01K shares 71.38K shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.46M $28.46M $36.03M
YoY Change -27.97% -21.01% -6.9%
Cash & Equivalents $36.46M $28.46M $36.03M
Short-Term Investments
Other Short-Term Assets $9.340M $8.966M $54.03M
YoY Change 30.16% -83.4% 221.6%
Inventory $66.63M $61.09M $58.12M
Prepaid Expenses
Receivables $68.66M $76.46M $78.42M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $199.1M $186.3M $226.6M
YoY Change -13.25% -17.78% 64.56%
LONG-TERM ASSETS
Property, Plant & Equipment $239.1M $233.5M $237.0M
YoY Change 7.42% -1.5% -27.73%
Goodwill $5.970M $5.970M
YoY Change
Intangibles $9.087M
YoY Change 239.32%
Long-Term Investments
YoY Change
Other Assets $6.137M $6.788M $4.671M
YoY Change 19.28% 45.32% -15.07%
Total Long-Term Assets $279.2M $268.4M $256.8M
YoY Change 9.31% 4.5% -27.0%
TOTAL ASSETS
Total Short-Term Assets $199.1M $186.3M $226.6M
Total Long-Term Assets $279.2M $268.4M $256.8M
Total Assets $478.3M $454.7M $483.4M
YoY Change -1.37% -5.94% -1.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.12M $17.49M $28.39M
YoY Change 20.92% -38.38% 61.29%
Accrued Expenses $26.56M $22.17M $18.67M
YoY Change 24.64% 18.75% 30.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $17.69M
YoY Change -76.39%
Total Short-Term Liabilities $78.02M $54.51M $84.45M
YoY Change 12.09% -35.45% -26.63%
LONG-TERM LIABILITIES
Long-Term Debt $68.36M $45.89M $70.62M
YoY Change 35.73% -35.02% -19.75%
Other Long-Term Liabilities $8.797M $10.07M $23.14M
YoY Change -15.36% -56.49% -43.84%
Total Long-Term Liabilities $77.15M $55.96M $93.76M
YoY Change 26.99% -40.32% -27.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $78.02M $54.51M $84.45M
Total Long-Term Liabilities $77.15M $55.96M $93.76M
Total Liabilities $170.2M $119.7M $178.2M
YoY Change 21.82% -32.85% -27.02%
SHAREHOLDERS EQUITY
Retained Earnings -$734.6M -$701.3M
YoY Change 6.2%
Common Stock $75.00K $74.00K
YoY Change 2.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $308.1M $335.0M $305.2M
YoY Change
Total Liabilities & Shareholders Equity $478.3M $454.7M $483.4M
YoY Change -1.37% -5.94% -1.25%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$33.39M -$28.04M -$3.132M
YoY Change -192.38% 795.21% -120.61%
Depreciation, Depletion And Amortization $5.973M $6.260M $5.850M
YoY Change 3.48% 7.01% -27.33%
Cash From Operating Activities $4.209M -$18.86M -$23.77M
YoY Change -90.96% -20.67% -179.15%
INVESTING ACTIVITIES
Capital Expenditures $12.51M -$15.47M -$8.048M
YoY Change -401.91% 92.23% 242.47%
Acquisitions
YoY Change
Other Investing Activities $0.00 $14.74M $0.00
YoY Change -100.0%
Cash From Investing Activities -$12.51M -$735.0K -$8.048M
YoY Change -163.01% -90.87% 241.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 25.41M -22.73M 13.79M
YoY Change -162.21% -264.83% -173.64%
NET CHANGE
Cash From Operating Activities 4.209M -18.86M -23.77M
Cash From Investing Activities -12.51M -735.0K -8.048M
Cash From Financing Activities 25.41M -22.73M 13.79M
Net Change In Cash 17.11M -42.32M -18.02M
YoY Change -33.09% 134.82% -301.61%
FREE CASH FLOW
Cash From Operating Activities $4.209M -$18.86M -$23.77M
Capital Expenditures $12.51M -$15.47M -$8.048M
Free Cash Flow -$8.302M -$3.384M -$15.72M
YoY Change -116.37% -78.47% -148.55%

Facts In Submission

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration:underline">Estimates and Assumptions</span></i> – The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States 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. Significant estimates are required as part of determining the allowance for doubtful accounts, net realizable value of inventory, estimated lives of property and equipment, long-lived asset impairments, fair value of warrants, valuation allowances on deferred income taxes, the potential outcome of future tax consequences of events recognized in the Company’s financial statements or tax returns, and the valuation of assets acquired and liabilities assumed as a result of business combinations. Actual results and outcomes may materially differ from management’s estimates and assumptions.</p>
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0001213900-22-070278.txt Edgar Link pending
0001213900-22-070278-xbrl.zip Edgar Link pending
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f10q0922ex31-1_altoingred.htm Edgar Link pending
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