2021 Q4 Form 10-K Financial Statement

#000155837022003617 Filed on March 15, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $116.8M $340.4M $208.9M
YoY Change -44.1% 62.94%
Cost Of Revenue $72.60M $221.0M $156.1M
YoY Change -53.49% 41.56%
Gross Profit $44.19M $119.4M $52.80M
YoY Change -16.31% 126.17%
Gross Profit Margin 37.84% 35.07% 25.28%
Selling, General & Admin $24.42M $77.50M $55.60M
YoY Change -56.08% 39.3%
% of Gross Profit 55.26% 64.91% 105.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.130M $13.00M $24.22M
YoY Change -87.08% -46.34%
% of Gross Profit 7.08% 10.89% 45.87%
Operating Expenses $24.42M $77.50M $53.40M
YoY Change -54.27% 39.3% 7528.57%
Operating Profit $19.77M $56.66M -$600.0K
YoY Change -3394.67% 402.19%
Interest Expense -$5.651M -$980.0K -$2.500M
YoY Change 126.04% -40.43% -516.67%
% of Operating Profit -28.59% -1.73%
Other Income/Expense, Net -$10.00K -$8.888M $500.0K
YoY Change -102.0% 477.52%
Pretax Income $14.11M $47.77M $10.20M
YoY Change 38.3% 390.29% -10300.0%
Income Tax $2.922M $11.66M $1.500M
% Of Pretax Income 20.71% 24.4% 14.71%
Net Earnings $11.19M $36.12M $8.700M
YoY Change 28.56% 346.19% -4450.0%
Net Earnings / Revenue 9.58% 10.61% 4.16%
Basic Earnings Per Share $0.84
Diluted Earnings Per Share $180.2K $0.76 $7.909M
COMMON SHARES
Basic Shares Outstanding 44.98M 43.19M
Diluted Shares Outstanding 47.31M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $130.2M $130.2M $29.30M
YoY Change 344.33% 344.33% 9666.67%
Cash & Equivalents $130.2M $130.2M $29.32M
Short-Term Investments
Other Short-Term Assets $98.77M $98.77M $99.00M
YoY Change -0.23% -0.23% 98900.0%
Inventory $159.3M $81.76M $140.7M
Prepaid Expenses
Receivables $42.57M $42.57M $50.22M
Other Receivables $0.00 $0.00 $500.0K
Total Short-Term Assets $271.5M $271.5M $179.0M
YoY Change 51.72% 51.69% 35692.6%
LONG-TERM ASSETS
Property, Plant & Equipment $7.350M $7.350M $7.839M
YoY Change -6.24% -5.77%
Goodwill $19.86M $19.86M
YoY Change 0.0% 43.31%
Intangibles
YoY Change
Long-Term Investments $77.53M $77.53M $55.50M
YoY Change 39.7% 39.7%
Other Assets $84.97M $84.97M $93.20M
YoY Change -8.83% -8.83% -47.23%
Total Long-Term Assets $216.0M $216.0M $210.2M
YoY Change 2.75% 2.79% 18.94%
TOTAL ASSETS
Total Short-Term Assets $271.5M $271.5M $179.0M
Total Long-Term Assets $216.0M $216.0M $210.2M
Total Assets $487.5M $487.5M $389.1M
YoY Change 25.28% 25.29% 119.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.97M $19.97M $16.36M
YoY Change 22.02% 21.75%
Accrued Expenses $8.424M $8.424M $8.576M
YoY Change -1.77% -2.05% 1615.2%
Deferred Revenue $2.900M $2.600M
YoY Change 11.54%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $67.91M $67.91M $31.68M
YoY Change 114.36% 114.21% 6235.8%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.403M $9.587M $3.664M
YoY Change -7.12% 99.73%
Total Long-Term Liabilities $3.403M $9.587M $3.664M
YoY Change -7.12% 99.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.91M $67.91M $31.68M
Total Long-Term Liabilities $3.403M $9.587M $3.664M
Total Liabilities $78.61M $78.61M $37.67M
YoY Change 108.65% 115.36% 7434.8%
SHAREHOLDERS EQUITY
Retained Earnings $94.97M $400.0K
YoY Change 23643.25%
Common Stock $5.000K $4.000K
YoY Change 25.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $408.9M $408.9M $351.5M
YoY Change
Total Liabilities & Shareholders Equity $487.5M $487.5M $389.1M
YoY Change 25.28% 25.29% 119.6%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $11.19M $36.12M $8.700M
YoY Change 28.56% 346.19% -4450.0%
Depreciation, Depletion And Amortization $3.130M $13.00M $24.22M
YoY Change -87.08% -46.34%
Cash From Operating Activities $52.69M $79.08M -$11.46M
YoY Change -559.82% -746.55% 1663.08%
INVESTING ACTIVITIES
Capital Expenditures -$448.0K $1.508M -$2.140M
YoY Change -79.07% -29.43%
Acquisitions
YoY Change
Other Investing Activities $7.777M $14.71M -$19.40M
YoY Change -140.09% -177.43% -10877.78%
Cash From Investing Activities $7.329M $13.20M -$21.54M
YoY Change -134.03% -162.46% -12066.67%
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 8.588M 45.03M
YoY Change -81.54% -80.99%
NET CHANGE
Cash From Operating Activities 52.69M 79.08M -11.46M
Cash From Investing Activities 7.329M 13.20M -21.54M
Cash From Financing Activities 8.312M 8.588M 45.03M
Net Change In Cash 68.34M 100.9M 12.03M
YoY Change 468.05% 753.97% -2659.57%
FREE CASH FLOW
Cash From Operating Activities $52.69M $79.08M -$11.46M
Capital Expenditures -$448.0K $1.508M -$2.140M
Free Cash Flow $53.14M $77.57M -$9.320M
YoY Change -670.2% -639.89%

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