2022 Q1 Form 10-Q Financial Statement
#000156459022019275 Filed on May 10, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
Revenue | $151.8M | $32.81M |
YoY Change | 362.68% | 39.45% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $33.86M | $16.19M |
YoY Change | 109.16% | 0.12% |
% of Gross Profit | ||
Research & Development | $73.80M | $44.70M |
YoY Change | 65.12% | 58.39% |
% of Gross Profit | ||
Depreciation & Amortization | $2.594M | $1.500M |
YoY Change | 72.93% | 66.67% |
% of Gross Profit | ||
Operating Expenses | $110.3M | $61.04M |
YoY Change | 80.61% | 33.37% |
Operating Profit | $41.55M | |
YoY Change | ||
Interest Expense | $1.054M | $1.520M |
YoY Change | -30.66% | -36.67% |
% of Operating Profit | 2.54% | |
Other Income/Expense, Net | $1.759M | -$110.0K |
YoY Change | -1699.09% | |
Pretax Income | $44.37M | -$26.82M |
YoY Change | -265.42% | 35.18% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | |
Net Earnings | $44.37M | -$26.82M |
YoY Change | -265.43% | 35.2% |
Net Earnings / Revenue | 29.23% | -81.74% |
Basic Earnings Per Share | $0.42 | |
Diluted Earnings Per Share | $411.1K | -$258.2K |
COMMON SHARES | ||
Basic Shares Outstanding | 105.5M shares | |
Diluted Shares Outstanding | 107.9M shares |
Balance Sheet
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $401.9M | $498.2M |
YoY Change | -19.33% | 61.96% |
Cash & Equivalents | $86.40M | $372.4M |
Short-Term Investments | $315.5M | $125.8M |
Other Short-Term Assets | $14.42M | $8.400M |
YoY Change | 71.64% | 50.0% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $1.317M | $1.000M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $417.6M | $586.8M |
YoY Change | -28.82% | 86.57% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $71.27M | $39.40M |
YoY Change | 80.88% | 34.18% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $201.6M | $97.50M |
YoY Change | 106.76% | -48.85% |
Other Assets | $275.0K | $300.0K |
YoY Change | -8.33% | 200.0% |
Total Long-Term Assets | $285.9M | $170.0M |
YoY Change | 68.16% | -31.05% |
TOTAL ASSETS | ||
Total Short-Term Assets | $417.6M | $586.8M |
Total Long-Term Assets | $285.9M | $170.0M |
Total Assets | $703.6M | $756.8M |
YoY Change | -7.03% | 34.88% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $10.60M | $5.300M |
YoY Change | 100.06% | -60.45% |
Accrued Expenses | $30.39M | $17.00M |
YoY Change | 78.74% | 153.73% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $138.9M | $167.2M |
YoY Change | -16.95% | 213.67% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $112.5M | $144.1M |
YoY Change | -21.96% | 914.79% |
Total Long-Term Liabilities | $112.5M | $144.1M |
YoY Change | -21.96% | 914.79% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $138.9M | $167.2M |
Total Long-Term Liabilities | $112.5M | $144.1M |
Total Liabilities | $251.3M | $311.2M |
YoY Change | -19.25% | 364.48% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $452.3M | $445.5M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $703.6M | $756.8M |
YoY Change | -7.03% | 34.88% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $44.37M | -$26.82M |
YoY Change | -265.43% | 35.2% |
Depreciation, Depletion And Amortization | $2.594M | $1.500M |
YoY Change | 72.93% | 66.67% |
Cash From Operating Activities | $62.73M | $263.9M |
YoY Change | -76.23% | -1056.16% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$4.752M | -$7.100M |
YoY Change | -33.07% | 97.22% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$65.00M | -$26.90M |
YoY Change | 141.65% | -84.58% |
Cash From Investing Activities | -$69.76M | -$34.10M |
YoY Change | 104.56% | -80.85% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 1.846M | 2.600M |
YoY Change | -29.0% | 100.0% |
NET CHANGE | ||
Cash From Operating Activities | 62.73M | 263.9M |
Cash From Investing Activities | -69.76M | -34.10M |
Cash From Financing Activities | 1.846M | 2.600M |
Net Change In Cash | -5.179M | 232.4M |
YoY Change | -102.23% | -213.7% |
FREE CASH FLOW | ||
Cash From Operating Activities | $62.73M | $263.9M |
Capital Expenditures | -$4.752M | -$7.100M |
Free Cash Flow | $67.48M | $271.0M |
YoY Change | -75.1% | -1229.17% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
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0.004 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
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0.866 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
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0.006 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
0.904 | ||
CY2022Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
110252000 | |
CY2022Q1 | us-gaap |
Operating Income Loss
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|
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Interest Income Expense Nonoperating Net
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CY2022Q1 | us-gaap |
Other Nonoperating Income Expense
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Other Nonoperating Income Expense
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Stock Issued During Period Value Stock Options Exercised
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Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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|
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us-gaap |
Profit Loss
ProfitLoss
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
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Profit Loss
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44366000 | |
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap |
Profit Loss
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Marketable Securities Unrealized Gain Loss
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Marketable Securities Unrealized Gain Loss
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Investment Income Net Amortization Of Discount And Premium
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Increase Decrease In Accounts Receivable
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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Increase Decrease In Contract With Customer Liability
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Net Cash Provided By Used In Operating Activities
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Payments To Acquire Property Plant And Equipment
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|
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Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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Amortization Of Intangible Assets
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|
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Capital Units Authorized
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34943000 | |
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Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y7M6D | |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.085 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3456239 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
19.60 | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
75982912 | |
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 awards generally vest subject to the satisfaction of service requirements or the satisfaction of both service requirements and achievement of certain performance targets. |