2020 Q4 Form 10-Q Financial Statement

#000155837020012720 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $1.809M $2.713M $3.013M
YoY Change -19.6% -9.96% 1672.35%
Cost Of Revenue $0.00 $0.00 $600.0K
YoY Change -100.0%
Gross Profit $1.810M $2.713M $2.413M
YoY Change -19.56% 12.43% 1319.41%
Gross Profit Margin 100.06% 100.0% 80.09%
Selling, General & Admin $11.34M $7.630M $6.920M
YoY Change 65.31% 10.26% 16.11%
% of Gross Profit 626.52% 281.24% 286.78%
Research & Development $18.11M $12.24M $17.58M
YoY Change 27.18% -30.38% -2.01%
% of Gross Profit 1000.55% 451.16% 728.55%
Depreciation & Amortization $420.0K $440.0K $640.0K
YoY Change -17.65% -31.25% -4.48%
% of Gross Profit 23.2% 16.22% 26.52%
Operating Expenses $29.45M $12.24M $17.58M
YoY Change 39.57% -30.38% -26.44%
Operating Profit -$27.64M -$17.16M -$22.09M
YoY Change 46.63% -22.31% -6.92%
Interest Expense -$1.310M $1.202M $1.443M
YoY Change -6.43% -16.7%
% of Operating Profit
Other Income/Expense, Net $80.00K $255.0K $294.0K
YoY Change -82.61% -13.27% -175.38%
Pretax Income -$28.87M -$18.11M -$23.24M
YoY Change 45.88% -22.08% -3.7%
Income Tax $0.00 $0.00 $301.0K
% Of Pretax Income
Net Earnings -$28.88M -$18.11M -$23.54M
YoY Change 45.91% -23.07% -2.45%
Net Earnings / Revenue -1596.24% -667.45% -781.25%
Basic Earnings Per Share -$0.20
Diluted Earnings Per Share -$317.4K -$0.20 -$374.7K
COMMON SHARES
Basic Shares Outstanding 90.25M 89.37M shares
Diluted Shares Outstanding 89.37M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $186.5M $185.5M $103.5M
YoY Change -24.66% 79.22% -44.47%
Cash & Equivalents $91.03M $91.01M $92.67M
Short-Term Investments $95.45M $94.49M $10.90M
Other Short-Term Assets $8.200M $7.500M $4.600M
YoY Change 115.79% 63.04% -40.26%
Inventory
Prepaid Expenses
Receivables $0.00 $800.0K $2.700M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $194.7M $193.8M $110.8M
YoY Change -22.76% 74.9% -44.41%
LONG-TERM ASSETS
Property, Plant & Equipment $1.936M $2.111M $8.400M
YoY Change -43.66% -74.87% 40.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.100M
YoY Change
Other Assets $552.0K $249.0K $200.0K
YoY Change 75.8% 24.5% -85.71%
Total Long-Term Assets $6.876M $4.762M $8.600M
YoY Change -10.93% -44.63% 16.22%
TOTAL ASSETS
Total Short-Term Assets $194.7M $193.8M $110.8M
Total Long-Term Assets $6.876M $4.762M $8.600M
Total Assets $201.6M $198.6M $119.4M
YoY Change -22.41% 66.29% -42.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.626M $2.490M $2.700M
YoY Change 157.25% -7.78% 17.39%
Accrued Expenses $12.80M $13.20M $14.00M
YoY Change 1.59% -5.71% 30.84%
Deferred Revenue $4.177M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.200M $0.00
YoY Change 250.0%
Total Short-Term Liabilities $28.42M $16.53M $17.70M
YoY Change 27.88% -6.59% 14.19%
LONG-TERM LIABILITIES
Long-Term Debt $46.60M $50.70M $49.80M
YoY Change -4.51% 1.81% 1.63%
Other Long-Term Liabilities $400.0K $0.00 $2.800M
YoY Change -80.95% -100.0% 300.0%
Total Long-Term Liabilities $47.00M $50.70M $52.60M
YoY Change -7.66% -3.61% 5.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.42M $16.53M $17.70M
Total Long-Term Liabilities $47.00M $50.70M $52.60M
Total Liabilities $75.45M $67.22M $70.30M
YoY Change 3.18% -4.39% 7.82%
SHAREHOLDERS EQUITY
Retained Earnings -$554.8M -$525.9M
YoY Change 20.48%
Common Stock $680.9M $657.1M
YoY Change 5.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $126.1M $131.3M $49.16M
YoY Change
Total Liabilities & Shareholders Equity $201.6M $198.6M $119.4M
YoY Change -22.41% 66.29% -42.24%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$28.88M -$18.11M -$23.54M
YoY Change 45.91% -23.07% -2.45%
Depreciation, Depletion And Amortization $420.0K $440.0K $640.0K
YoY Change -17.65% -31.25% -4.48%
Cash From Operating Activities -$17.59M -$19.88M -$20.62M
YoY Change 58.04% -3.59% -23.69%
INVESTING ACTIVITIES
Capital Expenditures -$250.0K -$40.00K -$120.0K
YoY Change -66.67% -400.0%
Acquisitions
YoY Change
Other Investing Activities -$3.320M $9.640M $23.56M
YoY Change -94.01% -59.08% 134.19%
Cash From Investing Activities -$3.570M $9.600M $23.44M
YoY Change -93.56% -59.04% 132.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 21.19M 790.0K 210.0K
YoY Change -86.33% 276.19% 10.53%
NET CHANGE
Cash From Operating Activities -17.59M -19.88M -20.62M
Cash From Investing Activities -3.570M 9.600M 23.44M
Cash From Financing Activities 21.19M 790.0K 210.0K
Net Change In Cash 30.00K -9.490M 3.030M
YoY Change -99.97% -413.2% -118.11%
FREE CASH FLOW
Cash From Operating Activities -$17.59M -$19.88M -$20.62M
Capital Expenditures -$250.0K -$40.00K -$120.0K
Free Cash Flow -$17.34M -$19.84M -$20.50M
YoY Change 55.8% -3.22% -24.24%

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OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
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us-gaap Unrealized Gain Loss On Derivatives
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290000
us-gaap Unrealized Gain Loss On Derivatives
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246000
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1259000
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ardx Warrants Exercised In Period
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CY2020Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
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