2022 Q1 Form 10-Q Financial Statement

#000155837022007977 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $122.8M $58.44M
YoY Change 110.16% 2.28%
Cost Of Revenue $76.10M $38.60M
YoY Change 97.16% -7.76%
Gross Profit $46.70M $19.84M
YoY Change 135.46% 29.76%
Gross Profit Margin 38.03% 33.94%
Selling, General & Admin $23.77M $13.31M
YoY Change 78.56% 0.83%
% of Gross Profit 50.89% 67.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.865M $3.487M
YoY Change -17.84% -56.07%
% of Gross Profit 6.13% 17.58%
Operating Expenses $23.77M $13.31M
YoY Change 78.56% 0.83%
Operating Profit $22.94M $12.89M
YoY Change 77.97% 595.15%
Interest Expense -$195.0K -$258.0K
YoY Change -24.42% -51.87%
% of Operating Profit -0.85% -2.0%
Other Income/Expense, Net -$1.064M -$388.0K
YoY Change 174.23% -19.0%
Pretax Income $21.87M $12.50M
YoY Change 74.98% 809.09%
Income Tax $4.647M $2.482M
% Of Pretax Income 21.25% 19.86%
Net Earnings $17.23M $10.02M
YoY Change 71.95% 845.99%
Net Earnings / Revenue 14.03% 17.14%
Basic Earnings Per Share $0.33 $0.24
Diluted Earnings Per Share $0.32 $0.23
COMMON SHARES
Basic Shares Outstanding 51.69M 42.21M
Diluted Shares Outstanding 53.51M 44.20M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $171.7M $19.61M
YoY Change 775.74% 19509.0%
Cash & Equivalents $171.7M $19.61M
Short-Term Investments
Other Short-Term Assets $99.73M $115.6M
YoY Change -13.75% 115527.0%
Inventory $149.1M $99.30M
Prepaid Expenses
Receivables $42.89M $48.51M
Other Receivables $0.00 $0.00
Total Short-Term Assets $314.3M $183.7M
YoY Change 71.08% 61148.67%
LONG-TERM ASSETS
Property, Plant & Equipment $8.494M $7.771M
YoY Change 9.3%
Goodwill $19.86M $19.86M
YoY Change 0.0% 231.0%
Intangibles
YoY Change
Long-Term Investments $68.82M $65.94M
YoY Change 4.36%
Other Assets $65.72M $89.86M
YoY Change -26.86% -49.23%
Total Long-Term Assets $188.6M $216.7M
YoY Change -12.96% 22.43%
TOTAL ASSETS
Total Short-Term Assets $314.3M $183.7M
Total Long-Term Assets $188.6M $216.7M
Total Assets $503.0M $400.4M
YoY Change 25.6% 125.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.17M $19.22M
YoY Change 4.93%
Accrued Expenses $6.811M $8.207M
YoY Change -17.01% 1541.4%
Deferred Revenue $2.322M $818.0K
YoY Change 183.86%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $63.57M $31.06M
YoY Change 104.69% 6111.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.320M $3.744M
YoY Change -38.03%
Total Long-Term Liabilities $2.320M $3.744M
YoY Change -38.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.57M $31.06M
Total Long-Term Liabilities $2.320M $3.744M
Total Liabilities $72.97M $38.69M
YoY Change 88.58% 7638.8%
SHAREHOLDERS EQUITY
Retained Earnings $112.2M $68.88M
YoY Change 62.9%
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 $430.0M $361.7M
YoY Change
Total Liabilities & Shareholders Equity $503.0M $400.4M
YoY Change 25.6% 125.86%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $17.23M $10.02M
YoY Change 71.95% 845.99%
Depreciation, Depletion And Amortization $2.865M $3.487M
YoY Change -17.84% -56.07%
Cash From Operating Activities $43.05M -$13.96M
YoY Change -408.34% -165.13%
INVESTING ACTIVITIES
Capital Expenditures $1.637M $443.0K
YoY Change 269.53% -51.53%
Acquisitions
YoY Change
Other Investing Activities $4.420M
YoY Change 2110.0%
Cash From Investing Activities -$1.637M $3.977M
YoY Change -141.16% -121.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 125.0K 276.0K
YoY Change -54.71% -99.53%
NET CHANGE
Cash From Operating Activities 43.05M -13.96M
Cash From Investing Activities -1.637M 3.977M
Cash From Financing Activities 125.0K 276.0K
Net Change In Cash 41.54M -9.708M
YoY Change -527.85% -115.61%
FREE CASH FLOW
Cash From Operating Activities $43.05M -$13.96M
Capital Expenditures $1.637M $443.0K
Free Cash Flow $41.41M -$14.40M
YoY Change -387.5% -170.18%

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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Fair Value Adjustment Of Warrants
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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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