2023 Form 10-K Financial Statement

#000121390024028038 Filed on March 29, 2024

View on sec.gov

Income Statement

Concept 2023 2022
Revenue $81.00K $1.030M
YoY Change -92.14% -9.97%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $13.30M $11.99M
YoY Change 10.94% 48.73%
% of Gross Profit
Research & Development $38.50M $23.14M
YoY Change 66.39% 28.94%
% of Gross Profit
Depreciation & Amortization $790.0K $152.0K
YoY Change 419.74% -70.99%
% of Gross Profit
Operating Expenses $52.00M $35.13M
YoY Change 48.01% 34.57%
Operating Profit -$51.92M -$34.10M
YoY Change 52.24% 36.61%
Interest Expense $3.102M $1.087M
YoY Change 185.37% 472.11%
% of Operating Profit
Other Income/Expense, Net $3.102M $1.087M
YoY Change 185.37% 472.11%
Pretax Income -$48.82M -$33.02M
YoY Change 47.86% 33.27%
Income Tax
% Of Pretax Income
Net Earnings -$48.82M -$33.02M
YoY Change 47.86% 33.27%
Net Earnings / Revenue -60269.14% -3205.53%
Basic Earnings Per Share -$1.83 -$1.37
Diluted Earnings Per Share -$1.84 -$1.37
COMMON SHARES
Basic Shares Outstanding 26.60M shares 24.14M shares
Diluted Shares Outstanding 26.60M shares 24.14M shares

Balance Sheet

Concept 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.68M $108.9M
YoY Change -29.6% 39.93%
Cash & Equivalents $76.68M $108.9M
Short-Term Investments
Other Short-Term Assets $1.586M $2.032M
YoY Change -21.95% 5.83%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $78.26M $110.9M
YoY Change -29.46% 39.11%
LONG-TERM ASSETS
Property, Plant & Equipment $2.869M $2.948M
YoY Change -2.68% 361.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $313.0K $302.0K
YoY Change 3.64%
Total Long-Term Assets $3.182M $3.250M
YoY Change -2.09% 408.61%
TOTAL ASSETS
Total Short-Term Assets $78.26M $110.9M
Total Long-Term Assets $3.182M $3.250M
Total Assets $81.45M $114.2M
YoY Change -28.68% 42.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.953M $10.13M
YoY Change -21.49% 83.02%
Accrued Expenses $530.0K $494.0K
YoY Change 7.29% 101.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.00K $4.000K
YoY Change 175.0% -93.55%
Total Short-Term Liabilities $8.494M $10.63M
YoY Change -20.08% 55.38%
LONG-TERM LIABILITIES
Long-Term Debt $19.00K $0.00
YoY Change -100.0%
Other Long-Term Liabilities $36.55M $37.08M
YoY Change -1.43%
Total Long-Term Liabilities $36.57M $37.08M
YoY Change -1.38% 1236000.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.494M $10.63M
Total Long-Term Liabilities $36.57M $37.08M
Total Liabilities $45.07M $47.71M
YoY Change -5.54% 597.22%
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 $36.38M $66.48M
YoY Change
Total Liabilities & Shareholders Equity $81.45M $114.2M
YoY Change -28.68% 42.05%

Cashflow Statement

Concept 2023 2022
OPERATING ACTIVITIES
Net Income -$48.82M -$33.02M
YoY Change 47.86% 33.27%
Depreciation, Depletion And Amortization $790.0K $152.0K
YoY Change 419.74% -70.99%
Cash From Operating Activities -$47.34M $8.644M
YoY Change -647.61% -141.43%
INVESTING ACTIVITIES
Capital Expenditures $153.0K $366.0K
YoY Change -58.2% -375.19%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$153.0K -$366.0K
YoY Change -58.2% 175.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $14.87M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.87M $23.11M
YoY Change -35.65% -34.39%
NET CHANGE
Cash From Operating Activities -47.34M $8.644M
Cash From Investing Activities -153.0K -$366.0K
Cash From Financing Activities 14.87M $23.11M
Net Change In Cash -32.62M $31.39M
YoY Change -203.92% 120.69%
FREE CASH FLOW
Cash From Operating Activities -$47.34M $8.644M
Capital Expenditures $153.0K $366.0K
Free Cash Flow -$47.49M $8.278M
YoY Change -673.67% -139.93%

Facts In Submission

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