2022 Q1 Form 10-Q Financial Statement

#000162828022014091 Filed on May 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $36.39M $145.6M $35.57M
YoY Change 2.31%
Cost Of Revenue $26.52M $111.5M $25.29M
YoY Change 4.88%
Gross Profit $9.867M $34.07M $10.28M
YoY Change -4.02%
Gross Profit Margin 27.11% 23.4% 28.9%
Selling, General & Admin $22.02M $102.4M $10.11M
YoY Change 117.72%
% of Gross Profit 223.17% 300.6% 98.39%
Research & Development $2.874M $6.033M $928.0K
YoY Change 209.7%
% of Gross Profit 29.13% 17.71% 9.03%
Depreciation & Amortization $1.772M $7.262M
YoY Change
% of Gross Profit 17.96% 21.32%
Operating Expenses $24.89M $108.4M $11.04M
YoY Change 125.45%
Operating Profit -$16.43M -$74.37M -$762.0K
YoY Change 2055.64%
Interest Expense $3.555M -$41.14M $1.860M
YoY Change 91.13%
% of Operating Profit
Other Income/Expense, Net -$30.00K $197.0K -$22.12K
YoY Change 35.62%
Pretax Income -$18.75M -$118.2M -$2.621M
YoY Change 615.3% 346550.4%
Income Tax $77.00K $1.078M -$184.0K
% Of Pretax Income
Net Earnings -$18.83M -$119.3M -$2.437M
YoY Change 672.47% 349712.03%
Net Earnings / Revenue -51.73% -81.93% -6.85%
Basic Earnings Per Share -$0.14 -$0.02
Diluted Earnings Per Share -$0.14 -$879.8K -$0.02
COMMON SHARES
Basic Shares Outstanding 131.9M shares 135.6M shares 105.0M shares
Diluted Shares Outstanding 131.9M shares 105.0M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $59.98M $68.90M $2.173M
YoY Change 2660.21%
Cash & Equivalents $59.98M $68.90M $9.928M
Short-Term Investments
Other Short-Term Assets $6.601M $108.0M $812.8K
YoY Change 712.13%
Inventory
Prepaid Expenses $812.8K
Receivables $26.62M $28.61M
Other Receivables $0.00 $0.00
Total Short-Term Assets $96.14M $206.2M $2.986M
YoY Change 3119.86% 500.31%
LONG-TERM ASSETS
Property, Plant & Equipment $1.335M $1.078M
YoY Change 24.91%
Goodwill $91.64M $91.64M
YoY Change
Intangibles $81.98M $83.65M
YoY Change -7.57%
Long-Term Investments $358.8M
YoY Change
Other Assets $741.0K $780.0K
YoY Change 31.53%
Total Long-Term Assets $175.7M $177.1M $358.8M
YoY Change -51.04% -3.74%
TOTAL ASSETS
Total Short-Term Assets $96.14M $206.2M $2.986M
Total Long-Term Assets $175.7M $177.1M $358.8M
Total Assets $271.8M $383.3M $361.8M
YoY Change -24.87% 75.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.625M $5.475M $50.63K
YoY Change 12985.64% 100.48%
Accrued Expenses $17.04M $10.74M $362.7K
YoY Change 4598.07% 47.66%
Deferred Revenue $2.792M $4.207M
YoY Change 677.63%
Short-Term Debt $0.00 $0.00 $20.48K
YoY Change -100.0%
Long-Term Debt Due $3.074M $4.233M
YoY Change 284.82%
Total Short-Term Liabilities $30.16M $70.02M $435.3K
YoY Change 6827.38% 480.82%
LONG-TERM LIABILITIES
Long-Term Debt $190.9M $190.4M $0.00
YoY Change 79.77%
Other Long-Term Liabilities $343.0K $324.0K $12.77M
YoY Change -97.31% 1605.26%
Total Long-Term Liabilities $191.2M $190.7M $12.77M
YoY Change 1397.46% 80.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.16M $70.02M $435.3K
Total Long-Term Liabilities $191.2M $190.7M $12.77M
Total Liabilities $221.8M $261.0M $13.20M
YoY Change 1579.68% 121.21%
SHAREHOLDERS EQUITY
Retained Earnings -$150.2M -$131.4M -$647.9K
YoY Change 23086.12% 1576.32%
Common Stock $257.6M $253.8M $5.648M
YoY Change 4461.29% 134.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $57.35M $0.00
YoY Change
Treasury Stock Shares 9.953M shares 0.000 shares
Shareholders Equity $50.05M $122.4M $97.99M
YoY Change
Total Liabilities & Shareholders Equity $271.8M $383.3M $361.8M
YoY Change -24.87% 75.54%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income -$18.83M -$119.3M -$2.437M
YoY Change 672.47% 349712.03%
Depreciation, Depletion And Amortization $1.772M $7.262M
YoY Change
Cash From Operating Activities -$7.529M -$17.51M $893.0K
YoY Change -943.11%
INVESTING ACTIVITIES
Capital Expenditures $359.0K -$645.0K $170.0K
YoY Change 111.18%
Acquisitions $0.00 $224.0K
YoY Change -100.0%
Other Investing Activities $0.00 $358.6M -$358.8M
YoY Change -100.0%
Cash From Investing Activities -$359.0K $357.9M -$394.0K
YoY Change -8.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.9M -$351.6M
YoY Change -128.69%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$102.1M -181.0M -$275.0K
YoY Change 37010.91% -120792.73%
NET CHANGE
Cash From Operating Activities -$7.529M -17.51M $893.0K
Cash From Investing Activities -$359.0K 357.9M -$394.0K
Cash From Financing Activities -$102.1M -181.0M -$275.0K
Net Change In Cash -$109.9M 159.4M $224.0K
YoY Change -49181.7% 106156.5%
FREE CASH FLOW
Cash From Operating Activities -$7.529M -$17.51M $893.0K
Capital Expenditures $359.0K -$645.0K $170.0K
Free Cash Flow -$7.888M -$16.87M $723.0K
YoY Change -1191.01%

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CY2022Q1 us-gaap Assets
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Assets
383322000 USD

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