2021 Q4 Form 10-Q Financial Statement

#000155837021015321 Filed on November 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $116.8M $73.30M $91.92M
YoY Change -44.1% 28.45% 102.67%
Cost Of Revenue $72.60M $48.67M $61.18M
YoY Change -53.49% 59.25% 28.85%
Gross Profit $44.19M $24.63M $30.74M
YoY Change -16.31% -7.07% -1544.45%
Gross Profit Margin 37.84% 33.61% 33.44%
Selling, General & Admin $24.42M $22.80M $16.97M
YoY Change -56.08% 70.46% 20.87%
% of Gross Profit 55.26% 92.57% 55.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.130M $500.0K $500.0K
YoY Change -87.08% 0.0% 0.0%
% of Gross Profit 7.08% 2.03% 1.63%
Operating Expenses $24.42M $22.80M $16.97M
YoY Change -54.27% 70.46% 20.87%
Operating Profit $19.77M $1.829M $22.18M
YoY Change -3394.67% -90.5% -326.25%
Interest Expense -$5.651M -$241.0K -$251.0K
YoY Change 126.04% -9.74% -50.2%
% of Operating Profit -28.59% -13.18% -1.13%
Other Income/Expense, Net -$10.00K -$2.336M -$503.0K
YoY Change -102.0% 3729.51% 22.98%
Pretax Income $14.11M -$507.0K $21.67M
YoY Change 38.3% -102.64% -312.26%
Income Tax $2.922M $1.129M $5.126M
% Of Pretax Income 20.71% 23.65%
Net Earnings $11.19M -$1.636M $16.55M
YoY Change 28.56% -111.11% -308.47%
Net Earnings / Revenue 9.58% -2.23% 18.0%
Basic Earnings Per Share -$0.04 $0.39
Diluted Earnings Per Share $180.2K -$0.04 $0.38
COMMON SHARES
Basic Shares Outstanding 44.98M 42.60M 42.95M
Diluted Shares Outstanding 42.60M 44.25M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $130.2M $61.85M $41.81M
YoY Change 344.33% 61752.0% 41708.0%
Cash & Equivalents $130.2M $61.85M $41.81M
Short-Term Investments
Other Short-Term Assets $98.77M $94.08M $123.6M
YoY Change -0.23% 123526.0%
Inventory $159.3M $80.11M $110.4M
Prepaid Expenses
Receivables $42.57M $43.76M $51.01M
Other Receivables $0.00 $0.00 $40.00K
Total Short-Term Assets $271.5M $199.7M $216.5M
YoY Change 51.72% 99747.0% 72061.67%
LONG-TERM ASSETS
Property, Plant & Equipment $7.350M $7.404M $7.677M
YoY Change -6.24%
Goodwill $19.86M $19.86M $19.86M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $77.53M $77.97M $61.51M
YoY Change 39.7%
Other Assets $84.97M $102.9M $82.41M
YoY Change -8.83% -41.92% -53.47%
Total Long-Term Assets $216.0M $240.3M $204.2M
YoY Change 2.75% -38.22% 15.29%
TOTAL ASSETS
Total Short-Term Assets $271.5M $199.7M $216.5M
Total Long-Term Assets $216.0M $240.3M $204.2M
Total Assets $487.5M $440.0M $420.7M
YoY Change 25.28% 13.07% 137.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.97M $16.31M $16.39M
YoY Change 22.02%
Accrued Expenses $8.424M $7.465M $6.268M
YoY Change -1.77% 966.43% 944.67%
Deferred Revenue $2.900M $2.958M $2.289M
YoY Change 11.54%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $67.91M $44.00M $33.45M
YoY Change 114.36% 5400.0% 4679.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.403M $3.991M $3.980M
YoY Change -7.12%
Total Long-Term Liabilities $3.403M $3.991M $3.980M
YoY Change -7.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.91M $44.00M $33.45M
Total Long-Term Liabilities $3.403M $3.991M $3.980M
Total Liabilities $78.61M $54.43M $42.22M
YoY Change 108.65% 6703.63% 5931.14%
SHAREHOLDERS EQUITY
Retained Earnings $94.97M $83.79M $85.42M
YoY Change 23643.25%
Common Stock $5.000K $4.000K $4.000K
YoY Change 25.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $408.9M $385.6M $378.4M
YoY Change
Total Liabilities & Shareholders Equity $487.5M $440.0M $420.7M
YoY Change 25.28% 148.16% 137.13%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $11.19M -$1.636M $16.55M
YoY Change 28.56% -111.11% -308.47%
Depreciation, Depletion And Amortization $3.130M $500.0K $500.0K
YoY Change -87.08% 0.0% 0.0%
Cash From Operating Activities $52.69M $17.75M $22.60M
YoY Change -559.82% -19820.0% -7632.33%
INVESTING ACTIVITIES
Capital Expenditures -$448.0K -$219.0K -$398.0K
YoY Change -79.07%
Acquisitions
YoY Change
Other Investing Activities $7.777M $2.515M $0.00
YoY Change -140.09% 6187.5% -100.0%
Cash From Investing Activities $7.329M $2.296M -$398.0K
YoY Change -134.03% 5640.0% -348.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.312M 0.000 0.000
YoY Change -81.54% -100.0%
NET CHANGE
Cash From Operating Activities 52.69M 17.75M 22.60M
Cash From Investing Activities 7.329M 2.296M -398.0K
Cash From Financing Activities 8.312M 0.000 0.000
Net Change In Cash 68.34M 20.04M 22.20M
YoY Change 468.05% -40188.0% 221890.0%
FREE CASH FLOW
Cash From Operating Activities $52.69M $17.75M $22.60M
Capital Expenditures -$448.0K -$219.0K -$398.0K
Free Cash Flow $53.14M $17.97M $23.00M
YoY Change -670.2%

Facts In Submission

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