2022 Q3 Form 10-Q Financial Statement

#000165575922000027 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $30.30M $31.30M $24.20M
YoY Change 226.34% 469.09% 340.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $20.00M $24.30M $20.20M
YoY Change 24.9% 68.62% 63.96%
% of Gross Profit
Research & Development $77.50M $75.30M $64.00M
YoY Change 90.87% 75.12% 83.38%
% of Gross Profit
Depreciation & Amortization $1.600M $1.500M $1.500M
YoY Change 33.49% 28.93% 30.43%
% of Gross Profit
Operating Expenses $97.50M $99.60M $84.20M
YoY Change 72.21% 73.52% 78.39%
Operating Profit -$67.20M -$68.30M -$60.00M
YoY Change 42.07% 31.6% 43.88%
Interest Expense $3.200M $1.800M $1.200M
YoY Change 787.85% 411.32% 179.07%
% of Operating Profit
Other Income/Expense, Net $3.200M $1.700M $1.100M
YoY Change 1360.79% 6.25% 57.14%
Pretax Income -$64.00M -$66.60M -$58.90M
YoY Change 36.89% 32.44% 43.8%
Income Tax $2.200M $3.400M $4.500M
% Of Pretax Income
Net Earnings -$66.20M -$70.00M -$63.40M
YoY Change 41.6% 39.17% 54.63%
Net Earnings / Revenue -218.48% -223.64% -261.98%
Basic Earnings Per Share -$1.24 -$1.32 -$1.20
Diluted Earnings Per Share -$1.24 -$1.32 -$1.20
COMMON SHARES
Basic Shares Outstanding 53.21M shares 53.20M shares 53.00M shares
Diluted Shares Outstanding 53.20M shares 53.20M shares 53.00M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.271B $1.343B $1.428B
YoY Change -17.73% 123.65% 119.32%
Cash & Equivalents $132.6M $93.20M $62.30M
Short-Term Investments $1.138B $1.250B $1.366B
Other Short-Term Assets $27.20M $25.10M $21.90M
YoY Change 18.07% 27.13% 167.07%
Inventory
Prepaid Expenses
Receivables $1.000M $1.400M $0.00
Other Receivables $5.800M $6.700M $6.700M
Total Short-Term Assets $1.305B $1.376B $1.457B
YoY Change -17.22% 119.26% 119.2%
LONG-TERM ASSETS
Property, Plant & Equipment $14.00M $13.60M $13.40M
YoY Change 20.4% 16.24% 9.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.30M $11.70M $12.10M
YoY Change -11.97% 40553.23%
Total Long-Term Assets $30.10M $30.60M $31.30M
YoY Change 4.83% 87.81% 83.04%
TOTAL ASSETS
Total Short-Term Assets $1.305B $1.376B $1.457B
Total Long-Term Assets $30.10M $30.60M $31.30M
Total Assets $1.335B $1.407B $1.488B
YoY Change -16.83% 118.47% 118.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.900M $12.30M $8.600M
YoY Change 69.11% 147.22% -4.44%
Accrued Expenses $1.800M $31.50M $30.20M
YoY Change -86.93% 133.8% 277.44%
Deferred Revenue $193.1M $194.4M $197.5M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $244.6M $238.2M $238.0M
YoY Change 34.02% 469.58% 489.11%
LONG-TERM LIABILITIES
Long-Term Debt $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% -50.0%
Other Long-Term Liabilities $467.7M $497.2M $526.0M
YoY Change -22.52% 2622.99% 2082.57%
Total Long-Term Liabilities $1.000M $1.000M $1.000M
YoY Change -99.83% -94.81% -96.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $244.6M $238.2M $238.0M
Total Long-Term Liabilities $1.000M $1.000M $1.000M
Total Liabilities $713.3M $736.4M $765.0M
YoY Change -9.38% 1105.64% 1050.38%
SHAREHOLDERS EQUITY
Retained Earnings -$882.5M -$816.3M -$746.3M
YoY Change
Common Stock $100.0K $100.0K $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $621.5M $670.6M $723.3M
YoY Change
Total Liabilities & Shareholders Equity $1.335B $1.407B $1.488B
YoY Change -16.83% 118.47% 118.29%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$66.20M -$70.00M -$63.40M
YoY Change 41.6% 39.17% 54.63%
Depreciation, Depletion And Amortization $1.600M $1.500M $1.500M
YoY Change 33.49% 28.93% 30.43%
Cash From Operating Activities -$66.60M -$78.60M -$57.10M
YoY Change -109.77% 65.82% 46.41%
INVESTING ACTIVITIES
Capital Expenditures -$2.200M -$1.400M $2.100M
YoY Change 63.2% 199.83% 110.0%
Acquisitions
YoY Change
Other Investing Activities $108.0M $110.4M $10.70M
YoY Change -114.6% -144.41% -105.17%
Cash From Investing Activities $105.8M $109.0M $8.600M
YoY Change -114.28% -143.77% -104.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.200M 500.0K $2.500M
YoY Change -99.55% -86.16% -44.44%
NET CHANGE
Cash From Operating Activities -66.60M -78.60M -$57.10M
Cash From Investing Activities 105.8M 109.0M $8.600M
Cash From Financing Activities 1.200M 500.0K $2.500M
Net Change In Cash 40.40M 30.90M -$46.00M
YoY Change -80.48% -110.55% -81.02%
FREE CASH FLOW
Cash From Operating Activities -$66.60M -$78.60M -$57.10M
Capital Expenditures -$2.200M -$1.400M $2.100M
Free Cash Flow -$64.40M -$77.20M -$59.20M
YoY Change -109.43% 64.48% 48.0%

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