2018 Q3 Form 10-K Financial Statement

#000156459018030805 Filed on December 11, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 Q2 2018 Q1
Revenue $11.26M $727.4K $650.1K
YoY Change 29.16% -92.21% -92.77%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.430M $4.590M $3.680M
YoY Change -32.53% -34.33% -47.05%
% of Gross Profit
Research & Development $15.99M $12.05M $12.00M
YoY Change 93.12% 74.38% 4.93%
% of Gross Profit
Depreciation & Amortization $1.200M $751.1K $1.200M
YoY Change 0.0% -31.72% 0.0%
% of Gross Profit
Operating Expenses $22.42M $16.65M $15.68M
YoY Change 18.25% 10.56% 3.76%
Operating Profit -$11.17M -$15.92M -$15.03M
YoY Change 8.96% 178.6% 145.27%
Interest Expense $400.0K $313.7K $168.3K
YoY Change -183.33% 138.81% 54.81%
% of Operating Profit
Other Income/Expense, Net $10.00K $313.7K
YoY Change
Pretax Income -$10.76M -$15.61M -$14.88M
YoY Change 0.28% 182.73% 146.36%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.76M -$15.61M -$14.88M
YoY Change 0.26% 182.73% 146.32%
Net Earnings / Revenue -95.6% -2145.53% -2289.45%
Basic Earnings Per Share -$0.12 -$0.18 -$0.18
Diluted Earnings Per Share -$0.12 -$0.18 -$0.18
COMMON SHARES
Basic Shares Outstanding 87.63M 84.08M
Diluted Shares Outstanding 84.08M

Balance Sheet

Concept 2018 Q3 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.50M $60.50M $91.50M
YoY Change 16.62% -19.44% 5.66%
Cash & Equivalents $30.13M $28.00M $69.80M
Short-Term Investments $46.40M $32.50M $21.70M
Other Short-Term Assets $640.1K $1.400M $1.100M
YoY Change -52.92% -22.22% -54.17%
Inventory
Prepaid Expenses $1.268M
Receivables $327.4K $0.00 $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $78.77M $61.90M $92.70M
YoY Change 16.0% -20.54% 3.34%
LONG-TERM ASSETS
Property, Plant & Equipment $13.94M $14.00M $14.60M
YoY Change -10.17% -13.04% -7.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $17.70M
YoY Change
Other Assets $141.9K $100.0K $100.0K
YoY Change 0.0% -50.0% -50.0%
Total Long-Term Assets $32.84M $51.00M $34.30M
YoY Change -9.08% 37.1% -7.8%
TOTAL ASSETS
Total Short-Term Assets $78.77M $61.90M $92.70M
Total Long-Term Assets $32.84M $51.00M $34.30M
Total Assets $111.6M $112.9M $127.0M
YoY Change 7.29% -1.91% 0.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.806M $2.200M $1.800M
YoY Change -31.16% -31.25% -30.77%
Accrued Expenses $5.043M $3.300M $5.000M
YoY Change 10.48% 10.0% 66.67%
Deferred Revenue $600.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $12.36M $7.100M $9.100M
YoY Change -33.88% -65.02% -67.03%
LONG-TERM LIABILITIES
Long-Term Debt $2.100M $2.200M $2.200M
YoY Change -8.7% -8.33% -8.33%
Other Long-Term Liabilities $200.0K $1.900M $1.900M
YoY Change -90.48% -32.14% -47.22%
Total Long-Term Liabilities $4.004M $4.100M $4.100M
YoY Change -9.0% -21.15% -31.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.36M $7.100M $9.100M
Total Long-Term Liabilities $4.004M $4.100M $4.100M
Total Liabilities $16.37M $10.60M $12.70M
YoY Change -27.57% -57.6% -61.52%
SHAREHOLDERS EQUITY
Retained Earnings -$487.3M
YoY Change 12.58%
Common Stock $583.1M $180.2K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $95.80M $102.3M $114.3M
YoY Change
Total Liabilities & Shareholders Equity $111.6M $112.9M $127.0M
YoY Change 7.29% -1.91% 0.08%

Cashflow Statement

Concept 2018 Q3 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income -$10.76M -$15.61M -$14.88M
YoY Change 0.26% 182.73% 146.32%
Depreciation, Depletion And Amortization $1.200M $751.1K $1.200M
YoY Change 0.0% -31.72% 0.0%
Cash From Operating Activities -$2.700M -$14.40M -$15.40M
YoY Change -70.65% 38.46% 7.69%
INVESTING ACTIVITIES
Capital Expenditures -$700.0K -$200.0K -$400.0K
YoY Change 600.0% -81.82% -71.43%
Acquisitions
YoY Change
Other Investing Activities $4.000M -$28.70M $17.20M
YoY Change -197.56% 143.22% -169.35%
Cash From Investing Activities $3.300M -$28.90M $16.80M
YoY Change -178.57% 124.03% -164.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.600M 1.500M 56.90M
YoY Change -1700.0% 28350.0%
NET CHANGE
Cash From Operating Activities -2.700M -14.40M -15.40M
Cash From Investing Activities 3.300M -28.90M 16.80M
Cash From Financing Activities 1.600M 1.500M 56.90M
Net Change In Cash 2.200M -41.80M 58.30M
YoY Change -116.3% 79.4% -244.67%
FREE CASH FLOW
Cash From Operating Activities -$2.700M -$14.40M -$15.40M
Capital Expenditures -$700.0K -$200.0K -$400.0K
Free Cash Flow -$2.000M -$14.20M -$15.00M
YoY Change -78.02% 52.69% 16.28%

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