2017 Q2 Form 10-Q Financial Statement

#000114420417024996 Filed on May 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
Revenue $2.359M $50.00M $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.800M $4.040M $3.160M
YoY Change 29.25% 27.85% -6.23%
% of Gross Profit
Research & Development $12.13M $10.57M $8.120M
YoY Change 61.26% 30.17% 111.77%
% of Gross Profit
Depreciation & Amortization $50.91K $31.92K $18.56K
YoY Change 182.86% 71.98% 33.47%
% of Gross Profit
Operating Expenses $12.13M $14.61M $11.28M
YoY Change 61.26% 29.52% 194.18%
Operating Profit -$13.57M -$13.93M
YoY Change 29.78%
Interest Expense -$100.0K $0.00 $290.0K
YoY Change -133.33% -100.0% 383.33%
% of Operating Profit
Other Income/Expense, Net -$101.1K -$764.00
YoY Change -133.49%
Pretax Income -$13.67M -$13.93M -$10.99M
YoY Change 34.63% 26.75% 53.92%
Income Tax -$69.51K
% Of Pretax Income
Net Earnings -$13.60M -$13.93M -$10.99M
YoY Change 33.95% 26.78% 53.79%
Net Earnings / Revenue -576.4% -27.86%
Basic Earnings Per Share
Diluted Earnings Per Share -$784.3K -$806.6K -$637.8K
COMMON SHARES
Basic Shares Outstanding 17.35M shares 17.27M shares 17.23M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.60M $90.90M $58.30M
YoY Change 19.06% 55.92% -39.33%
Cash & Equivalents $39.45M $70.82M $20.40M
Short-Term Investments $36.10M $20.10M $37.90M
Other Short-Term Assets $1.000M $1.300M $800.0K
YoY Change 66.67% 62.5% 181.85%
Inventory
Prepaid Expenses
Receivables $1.114M
Other Receivables $0.00
Total Short-Term Assets $77.70M $92.20M $59.10M
YoY Change 21.22% 56.01% -38.65%
LONG-TERM ASSETS
Property, Plant & Equipment $100.0K $200.0K $100.0K
YoY Change 0.0% 100.0% -42.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.300M $200.0K $23.60M
YoY Change -71.05% -99.15% 23500.0%
Other Assets
YoY Change
Total Long-Term Assets $45.10M $42.10M $65.40M
YoY Change -15.07% -35.63% 55.85%
TOTAL ASSETS
Total Short-Term Assets $77.70M $92.20M $59.10M
Total Long-Term Assets $45.10M $42.10M $65.40M
Total Assets $122.8M $134.3M $124.5M
YoY Change 4.78% 7.87% -9.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $700.0K $1.900M $2.300M
YoY Change -70.83% -17.39% 76.92%
Accrued Expenses $6.300M $4.000M $1.200M
YoY Change 142.31% 233.33% 36.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.00M $11.00M $3.600M
YoY Change 140.0% 205.56% 69.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $43.10M $44.30M
YoY Change
Total Long-Term Liabilities $43.10M $44.30M $0.00
YoY Change 271.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.00M $11.00M $3.600M
Total Long-Term Liabilities $43.10M $44.30M $0.00
Total Liabilities $66.20M $66.40M $15.20M
YoY Change 298.8% 336.84% 10.95%
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 $56.50M $67.90M $109.3M
YoY Change
Total Liabilities & Shareholders Equity $122.8M $134.3M $124.5M
YoY Change 4.78% 7.87% -10.01%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$13.60M -$13.93M -$10.99M
YoY Change 33.95% 26.78% 53.79%
Depreciation, Depletion And Amortization $50.91K $31.92K $18.56K
YoY Change 182.86% 71.98% 33.47%
Cash From Operating Activities -$12.35M $34.94M -$9.210M
YoY Change 82.42% -479.42% 150.72%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $2.163K
YoY Change -100.0% -92.96%
Acquisitions
YoY Change
Other Investing Activities -$19.12M $6.660M $2.500M
YoY Change -384.95% 166.4%
Cash From Investing Activities -$19.12M $6.658M $2.500M
YoY Change -384.95% 166.32% -8240.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 110.0K $640.0K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -12.35M $34.94M -9.210M
Cash From Investing Activities -19.12M $6.658M 2.500M
Cash From Financing Activities 110.0K $640.0K 0.000
Net Change In Cash -31.36M $42.24M -6.710M
YoY Change 52166.67% -729.55% -110.02%
FREE CASH FLOW
Cash From Operating Activities -$12.35M $34.94M -$9.210M
Capital Expenditures $0.00 $0.00 $2.163K
Free Cash Flow -$12.35M $34.94M -$9.212M
YoY Change 82.42% -479.33% 148.7%

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