2021 Q4 Form 10-Q Financial Statement

#000162828021021207 Filed on November 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $11.08M $13.29M $7.149M
YoY Change 54.96% 60.86% -56.46%
Cost Of Revenue $3.366M $4.400M $2.788M
YoY Change 20.73% 47.75% -58.95%
Gross Profit $7.712M $8.887M $4.361M
YoY Change 76.84% 68.25% -54.7%
Gross Profit Margin 69.62% 66.88% 61.0%
Selling, General & Admin $14.98M $12.13M $15.58M
YoY Change -3.84% 2.76% -5.4%
% of Gross Profit 194.26% 136.48% 357.26%
Research & Development $4.400M $4.726M $4.430M
YoY Change -0.68% -34.9% 44.77%
% of Gross Profit 57.05% 53.18% 101.58%
Depreciation & Amortization $731.0K $724.0K $1.100M
YoY Change -33.55% 1.4% 42.86%
% of Gross Profit 9.48% 8.15% 25.22%
Operating Expenses $19.38M $16.86M $20.01M
YoY Change -3.14% -11.58% -23.98%
Operating Profit -$11.67M -$7.968M -$15.65M
YoY Change -25.43% -42.18% -6.27%
Interest Expense -$3.454M $2.787M -$4.720M
YoY Change -26.82% 0.32% 72.89%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$28.95M -$14.56M -$20.37M
YoY Change 42.1% -12.06% 61.16%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$28.95M -$14.56M -$20.37M
YoY Change 42.11% -12.06% 61.19%
Net Earnings / Revenue -261.28% -109.54% -284.91%
Basic Earnings Per Share -$0.37
Diluted Earnings Per Share -$716.2K -$0.37 -$602.1K
COMMON SHARES
Basic Shares Outstanding 40.16M shares 39.22M shares 33.62M
Diluted Shares Outstanding 39.22M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.02M $31.16M $31.81M
YoY Change -11.9% 82.67% -35.52%
Cash & Equivalents $28.02M $31.16M $31.81M
Short-Term Investments
Other Short-Term Assets $3.077M $2.540M $3.400M
YoY Change -9.5% -25.07% 13.33%
Inventory $4.038M $2.863M $2.461M
Prepaid Expenses
Receivables $12.12M $13.64M $6.960M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $47.26M $50.21M $44.63M
YoY Change 5.9% 58.47% -34.68%
LONG-TERM ASSETS
Property, Plant & Equipment $5.055M $5.197M $6.873M
YoY Change -26.45% -32.75% -29.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.903M $6.905M $7.836M
YoY Change -11.91% 2305.92% 2639.86%
Total Long-Term Assets $14.73M $15.08M $18.26M
YoY Change -19.31% -19.51% 79.63%
TOTAL ASSETS
Total Short-Term Assets $47.26M $50.21M $44.63M
Total Long-Term Assets $14.73M $15.08M $18.26M
Total Assets $61.99M $65.29M $62.88M
YoY Change -1.42% 29.49% -19.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.314M $6.215M $7.089M
YoY Change 17.28% -32.22% -42.24%
Accrued Expenses $8.736M $7.624M $8.569M
YoY Change 1.95% 18.2% 56.51%
Deferred Revenue $765.0K $767.0K $693.0K
YoY Change 10.39% 6.23% -14.02%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.025M $7.725M $2.580M
YoY Change -21.51% 341.43%
Total Short-Term Liabilities $21.96M $25.04M $21.10M
YoY Change 4.08% 36.28% 13.74%
LONG-TERM LIABILITIES
Long-Term Debt $51.55M $32.67M $34.33M
YoY Change 50.16% -45.86% -43.11%
Other Long-Term Liabilities $2.485M $1.810M $1.945M
YoY Change 27.76% -77.98% 43.01%
Total Long-Term Liabilities $2.485M $1.810M $1.945M
YoY Change 27.76% -97.36% 43.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.96M $25.04M $21.10M
Total Long-Term Liabilities $2.485M $1.810M $1.945M
Total Liabilities $144.1M $125.6M $111.4M
YoY Change 29.4% 44.51% 31.65%
SHAREHOLDERS EQUITY
Retained Earnings -$256.8M -$227.9M -$186.3M
YoY Change 37.87% 37.35% 42.75%
Common Stock $41.00K $40.00K $35.00K
YoY Change 17.14% 17.65% 2.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$82.13M -$60.35M -$48.50M
YoY Change
Total Liabilities & Shareholders Equity $61.99M $65.29M $62.88M
YoY Change -1.42% 29.49% -19.87%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income -$28.95M -$14.56M -$20.37M
YoY Change 42.11% -12.06% 61.19%
Depreciation, Depletion And Amortization $731.0K $724.0K $1.100M
YoY Change -33.55% 1.4% 42.86%
Cash From Operating Activities -$8.061M -$9.065M -$13.51M
YoY Change -40.33% 8.95% 27.81%
INVESTING ACTIVITIES
Capital Expenditures -$533.0K -$83.00K -$240.0K
YoY Change 122.08% 107.5% 200.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$533.0K -$83.00K -$240.0K
YoY Change 122.08% 107.5% 200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.454M 6.078M 28.49M
YoY Change -80.86% -27.08%
NET CHANGE
Cash From Operating Activities -8.061M -9.065M -13.51M
Cash From Investing Activities -533.0K -83.00K -240.0K
Cash From Financing Activities 5.454M 6.078M 28.49M
Net Change In Cash -3.140M -3.070M 14.74M
YoY Change -121.3% -63.28% -48.14%
FREE CASH FLOW
Cash From Operating Activities -$8.061M -$9.065M -$13.51M
Capital Expenditures -$533.0K -$83.00K -$240.0K
Free Cash Flow -$7.528M -$8.982M -$13.27M
YoY Change -43.27% 8.48% 26.5%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Registrant Name
EntityRegistrantName
Aquestive Therapeutics, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001398733
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
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Q3
dei Amendment Flag
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false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
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true
dei Document Period End Date
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2021-09-30
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EntityFileNumber
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DE
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EntityAddressAddressLine1
30 Technology Drive
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EntityAddressCityOrTown
Warren
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NJ
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EntityAddressPostalZipCode
07059
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
82-3827296
dei City Area Code
CityAreaCode
908
dei Local Phone Number
LocalPhoneNumber
941-1900
dei Security12b Title
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dei Trading Symbol
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1765000 USD
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5128000 USD
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3625000 USD
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11000 USD
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us-gaap Net Income Loss
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CY2016Q3 aqst Number Of States In The Antitrust Litigation
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41 state

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