2011 Q2 Form 10-Q Financial Statement

#000110465911044888 Filed on August 08, 2011

View on sec.gov

Income Statement

Concept 2011 Q2 2010 Q2 2010
Revenue $0.00 $7.950M $11.22M
YoY Change -100.0% 152.38% -9.66%
Cost Of Revenue $0.00 $918.0K $2.566M
YoY Change -100.0% -8.2% -31.57%
Gross Profit $0.00 $7.030M $8.650M
YoY Change -100.0% 228.5% -0.23%
Gross Profit Margin 88.43% 77.09%
Selling, General & Admin $3.060M $2.910M $11.88M
YoY Change 5.15% -18.94% -32.46%
% of Gross Profit 41.39% 137.34%
Research & Development $13.34M $6.420M $29.11M
YoY Change 107.79% 112.58% 80.81%
% of Gross Profit 91.32% 336.53%
Depreciation & Amortization $470.0K $330.0K $1.095M
YoY Change 42.42% 135.71% -90.56%
% of Gross Profit 4.69% 12.66%
Operating Expenses $18.69M $9.970M $41.77M
YoY Change 87.46% 47.7% 25.17%
Operating Profit -$18.69M -$2.726M -$32.25M
YoY Change 585.58% -40.87% 30.57%
Interest Expense $40.00K $40.00K $90.00K
YoY Change 0.0% -103.7% -104.13%
% of Operating Profit
Other Income/Expense, Net $114.0K $90.00K $403.0K
YoY Change 26.67% -30.77% -95.81%
Pretax Income -$18.58M -$2.636M -$12.33M
YoY Change 604.67% -58.16% -105.49%
Income Tax $16.00K $994.0K $1.427M
% Of Pretax Income
Net Earnings -$18.59M -$3.630M -$33.27M
YoY Change 412.15% -44.07% -115.75%
Net Earnings / Revenue -45.66% -296.56%
Basic Earnings Per Share -$1.24 -$0.41 -$3.72
Diluted Earnings Per Share -$1.24 -$0.41 -$3.72
COMMON SHARES
Basic Shares Outstanding 14.99M shares 8.901M shares 8.948M shares
Diluted Shares Outstanding 14.99M shares 8.901M shares 8.948M shares

Balance Sheet

Concept 2011 Q2 2010 Q2 2010
SHORT-TERM ASSETS
Cash & Short-Term Investments $86.20M $39.80M $121.6M
YoY Change 116.58% 94.15% 1251.11%
Cash & Equivalents $85.00M $33.76M $121.0M
Short-Term Investments $1.200M $6.100M $600.0K
Other Short-Term Assets $1.600M $1.800M $1.700M
YoY Change -11.11% 63.64% -19.05%
Inventory $0.00
Prepaid Expenses
Receivables $100.0K $0.00
Other Receivables $200.0K $0.00
Total Short-Term Assets $87.76M $41.90M $123.3M
YoY Change 109.46% 89.59% 878.57%
LONG-TERM ASSETS
Property, Plant & Equipment $14.04M $9.300M $10.10M
YoY Change 51.0% 3.33% 29.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $300.0K $1.100M $2.200M
YoY Change -72.73% -70.27% 57.14%
Total Long-Term Assets $15.09M $10.50M $12.30M
YoY Change 43.68% -17.32% 35.16%
TOTAL ASSETS
Total Short-Term Assets $87.76M $41.90M $123.3M
Total Long-Term Assets $15.09M $10.50M $12.30M
Total Assets $102.9M $52.40M $135.6M
YoY Change 96.28% 50.57% 524.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.700M $1.400M $2.500M
YoY Change 92.86%
Accrued Expenses $1.500M $900.0K $500.0K
YoY Change 66.67% -25.0% 0.0%
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 $4.209M $2.400M $3.000M
YoY Change 75.38% -35.14% 20.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $756.0K $600.0K $600.0K
YoY Change 26.0% 0.0% -14.29%
Total Long-Term Liabilities $756.0K $600.0K $600.0K
YoY Change 26.0% 0.0% -14.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.209M $2.400M $3.000M
Total Long-Term Liabilities $756.0K $600.0K $600.0K
Total Liabilities $4.965M $3.000M $3.800M
YoY Change 65.5% -30.23% -2.56%
SHAREHOLDERS EQUITY
Retained Earnings -$88.07M
YoY Change
Common Stock $186.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $97.89M $49.30M $131.8M
YoY Change
Total Liabilities & Shareholders Equity $102.9M $52.40M $135.6M
YoY Change 96.28% 50.57% 524.88%

Cashflow Statement

Concept 2011 Q2 2010 Q2 2010
OPERATING ACTIVITIES
Net Income -$18.59M -$3.630M -$33.27M
YoY Change 412.15% -44.07% -115.75%
Depreciation, Depletion And Amortization $470.0K $330.0K $1.095M
YoY Change 42.42% 135.71% -90.56%
Cash From Operating Activities -$17.95M -$4.250M -$27.85M
YoY Change 322.35% -52.19% -24.93%
INVESTING ACTIVITIES
Capital Expenditures -$1.690M -$1.610M -$4.210M
YoY Change 4.97% 283.33% -22.32%
Acquisitions
YoY Change
Other Investing Activities $320.0K -$920.0K $1.020M
YoY Change -134.78% -253.33% -98.13%
Cash From Investing Activities -$1.380M -$2.530M -$3.190M
YoY Change -45.45% -1505.56% -106.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$143.3M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -70.00K 143.5M
YoY Change -100.0% -484.61%
NET CHANGE
Cash From Operating Activities -17.95M -4.250M -27.85M
Cash From Investing Activities -1.380M -2.530M -3.190M
Cash From Financing Activities 0.000 -70.00K 143.5M
Net Change In Cash -19.33M -6.850M 112.4M
YoY Change 182.19% -21.35% -546.82%
FREE CASH FLOW
Cash From Operating Activities -$17.95M -$4.250M -$27.85M
Capital Expenditures -$1.690M -$1.610M -$4.210M
Free Cash Flow -$16.26M -$2.640M -$23.64M
YoY Change 515.91% -68.83% -25.38%

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Files In Submission

Name View Source Status
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