2019 Q1 Form 10-Q Financial Statement
#000156459019017199 Filed on May 08, 2019
Income Statement
Concept | 2019 Q1 | 2018 Q1 | 2017 Q3 |
---|---|---|---|
Revenue | $48.15M | $650.1K | $8.714M |
YoY Change | 7306.0% | -92.77% | 27784.11% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $5.340M | $3.680M | $9.530M |
YoY Change | 45.11% | -47.05% | -27.36% |
% of Gross Profit | |||
Research & Development | $20.80M | $12.00M | $8.280M |
YoY Change | 73.3% | 4.93% | -29.05% |
% of Gross Profit | |||
Depreciation & Amortization | $750.9K | $1.200M | $1.200M |
YoY Change | -37.43% | 0.0% | 33.33% |
% of Gross Profit | |||
Operating Expenses | $26.14M | $15.68M | $18.96M |
YoY Change | 66.66% | 3.76% | -4.15% |
Operating Profit | $22.01M | -$15.03M | -$10.25M |
YoY Change | -246.41% | 145.27% | -52.97% |
Interest Expense | $1.890M | $168.3K | -$480.0K |
YoY Change | 1022.69% | 54.81% | 0.0% |
% of Operating Profit | 8.59% | ||
Other Income/Expense, Net | $0.00 | ||
YoY Change | -100.0% | ||
Pretax Income | $23.90M | -$14.88M | -$10.73M |
YoY Change | -260.62% | 146.36% | -51.71% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | ||
Net Earnings | $23.90M | -$14.88M | -$10.73M |
YoY Change | -260.55% | 146.32% | -51.71% |
Net Earnings / Revenue | 49.63% | -2289.45% | -123.16% |
Basic Earnings Per Share | $0.25 | -$0.18 | |
Diluted Earnings Per Share | $0.24 | -$0.18 | -$143.5K |
COMMON SHARES | |||
Basic Shares Outstanding | 94.16M | 84.08M | |
Diluted Shares Outstanding | 98.08M | 84.08M |
Balance Sheet
Concept | 2019 Q1 | 2018 Q1 | 2017 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $218.2M | $91.50M | $65.60M |
YoY Change | 138.47% | 5.66% | -23.19% |
Cash & Equivalents | $161.6M | $69.80M | $24.84M |
Short-Term Investments | $56.60M | $21.70M | $40.80M |
Other Short-Term Assets | $3.400M | $1.100M | $1.360M |
YoY Change | 209.09% | -54.17% | -63.95% |
Inventory | |||
Prepaid Expenses | $867.4K | ||
Receivables | $13.40M | $0.00 | $67.80K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $235.0M | $92.70M | $67.90M |
YoY Change | 153.51% | 3.34% | -24.97% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $13.40M | $14.60M | $15.51M |
YoY Change | -8.22% | -7.01% | 0.73% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $67.50M | ||
YoY Change | |||
Other Assets | $100.0K | $100.0K | $141.9K |
YoY Change | 0.0% | -50.0% | 16.01% |
Total Long-Term Assets | $98.90M | $34.30M | $36.12M |
YoY Change | 188.34% | -7.8% | -4.19% |
TOTAL ASSETS | |||
Total Short-Term Assets | $235.0M | $92.70M | $67.90M |
Total Long-Term Assets | $98.90M | $34.30M | $36.12M |
Total Assets | $333.9M | $127.0M | $104.0M |
YoY Change | 162.91% | 0.08% | -18.86% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.100M | $1.800M | $4.077M |
YoY Change | 127.78% | -30.77% | -66.59% |
Accrued Expenses | $6.700M | $5.000M | $4.565M |
YoY Change | 34.0% | 66.67% | -46.92% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $200.0K | $200.0K | |
YoY Change | 0.0% | 0.0% | |
Total Short-Term Liabilities | $101.8M | $9.100M | $18.70M |
YoY Change | 1018.68% | -67.03% | -27.07% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $2.200M | $2.300M |
YoY Change | -100.0% | -8.33% | -8.0% |
Other Long-Term Liabilities | $31.50M | $1.900M | $2.100M |
YoY Change | 1557.89% | -47.22% | 950.0% |
Total Long-Term Liabilities | $31.50M | $4.100M | $4.400M |
YoY Change | 668.29% | -31.67% | -41.4% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $101.8M | $9.100M | $18.70M |
Total Long-Term Liabilities | $31.50M | $4.100M | $4.400M |
Total Liabilities | $132.7M | $12.70M | $22.60M |
YoY Change | 944.88% | -61.52% | -31.83% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$432.8M | ||
YoY Change | 8.63% | ||
Common Stock | $652.4M | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $201.2M | $114.3M | $81.42M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $333.9M | $127.0M | $104.0M |
YoY Change | 162.91% | 0.08% | -18.84% |
Cashflow Statement
Concept | 2019 Q1 | 2018 Q1 | 2017 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $23.90M | -$14.88M | -$10.73M |
YoY Change | -260.55% | 146.32% | -51.71% |
Depreciation, Depletion And Amortization | $750.9K | $1.200M | $1.200M |
YoY Change | -37.43% | 0.0% | 33.33% |
Cash From Operating Activities | -$19.60M | -$15.40M | -$9.200M |
YoY Change | 27.27% | 7.69% | -9.8% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$200.0K | -$400.0K | -$100.0K |
YoY Change | -50.0% | -71.43% | -96.43% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$11.00M | $17.20M | -$4.100M |
YoY Change | -163.95% | -169.35% | -510.0% |
Cash From Investing Activities | -$11.20M | $16.80M | -$4.200M |
YoY Change | -166.67% | -164.12% | 133.33% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 2.700M | 56.90M | -100.0K |
YoY Change | -95.25% | 28350.0% | -100.19% |
NET CHANGE | |||
Cash From Operating Activities | -19.60M | -15.40M | -9.200M |
Cash From Investing Activities | -11.20M | 16.80M | -4.200M |
Cash From Financing Activities | 2.700M | 56.90M | -100.0K |
Net Change In Cash | -28.10M | 58.30M | -13.50M |
YoY Change | -148.2% | -244.67% | -132.45% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$19.60M | -$15.40M | -$9.200M |
Capital Expenditures | -$200.0K | -$400.0K | -$100.0K |
Free Cash Flow | -$19.40M | -$15.00M | -$9.100M |
YoY Change | 29.33% | 16.28% | 22.97% |
Facts In Submission
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us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.023 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.021 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.031 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.027 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.15 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.10 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y3M | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y3M | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
11.42 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
3.47 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
|
At vesting, each outstanding RSU will be exchanged for one share of the Company’s Common Stock. RSU recipients may elect to net share settle upon vesting, in which case the Company pays the employee’s income taxes due upon vesting and withholds a number of shares of Common Stock of equal value. RSU awards generally vest subject to the satisfaction of service requirements or the satisfaction of both service requirements and achievement of certain performance targets. | ||
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 |