2023 Q3 Form 10-Q Financial Statement

#000170154123000041 Filed on August 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.860M $6.878M
YoY Change 25.22% -1.43%
% of Gross Profit
Research & Development $16.15M $13.15M
YoY Change 1.94% -18.78%
% of Gross Profit
Depreciation & Amortization $110.0K $114.0K
YoY Change -14.73% -10.94%
% of Gross Profit
Operating Expenses $24.01M $20.03M
YoY Change 8.53% -13.55%
Operating Profit -$24.01M -$20.03M
YoY Change 8.53% -13.55%
Interest Expense $440.0K $539.0K
YoY Change -21.71% 39.64%
% of Operating Profit
Other Income/Expense, Net $1.005M $880.0K
YoY Change 113.83% 262.14%
Pretax Income -$23.01M -$19.15M
YoY Change 6.26% -16.48%
Income Tax
% Of Pretax Income
Net Earnings -$23.01M -$19.15M
YoY Change 6.25% -16.48%
Net Earnings / Revenue
Basic Earnings Per Share -$0.45 -$0.52
Diluted Earnings Per Share -$0.45 -$0.52
COMMON SHARES
Basic Shares Outstanding 51.58M shares 36.51M shares
Diluted Shares Outstanding 50.94M shares 36.52M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.3M $89.53M
YoY Change 0.05% -44.36%
Cash & Equivalents $57.98M $41.89M
Short-Term Investments $86.28M $47.64M
Other Short-Term Assets $2.800M $3.465M
YoY Change -58.81% -54.81%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $147.0M $92.99M
YoY Change -2.6% -44.83%
LONG-TERM ASSETS
Property, Plant & Equipment $1.816M $2.253M
YoY Change -33.5% -21.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $800.0K $1.228M
YoY Change 12180.0%
Total Long-Term Assets $25.33M $26.89M
YoY Change -13.94% -11.19%
TOTAL ASSETS
Total Short-Term Assets $147.0M $92.99M
Total Long-Term Assets $25.33M $26.89M
Total Assets $172.4M $119.9M
YoY Change -4.45% -39.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $694.0K $2.737M
YoY Change -87.95% 23.18%
Accrued Expenses $14.37M $11.16M
YoY Change -6.57% -36.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $15.07M $13.90M
YoY Change -28.74% -29.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $23.00M $23.78M
YoY Change -11.68% -11.12%
Total Long-Term Liabilities $23.00M $23.78M
YoY Change -11.68% -11.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.07M $13.90M
Total Long-Term Liabilities $23.00M $23.78M
Total Liabilities $38.07M $37.68M
YoY Change -19.33% -18.9%
SHAREHOLDERS EQUITY
Retained Earnings -$398.0M -$375.0M
YoY Change 26.79% 28.32%
Common Stock $7.000K $5.000K
YoY Change 40.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $134.3M $82.20M
YoY Change
Total Liabilities & Shareholders Equity $172.4M $119.9M
YoY Change -4.45% -39.71%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$23.01M -$19.15M
YoY Change 6.25% -16.48%
Depreciation, Depletion And Amortization $110.0K $114.0K
YoY Change -14.73% -10.94%
Cash From Operating Activities -$18.36M -$14.37M
YoY Change 11.43% -20.47%
INVESTING ACTIVITIES
Capital Expenditures $30.00K $0.00
YoY Change 275.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$37.85M $17.18M
YoY Change -361.05% -14.13%
Cash From Investing Activities -$37.88M $17.18M
YoY Change -361.12% -13.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 71.93M 0.000
YoY Change 138226.92%
NET CHANGE
Cash From Operating Activities -18.36M -14.37M
Cash From Investing Activities -37.88M 17.18M
Cash From Financing Activities 71.93M 0.000
Net Change In Cash 15.69M 2.807M
YoY Change -918.47% 61.23%
FREE CASH FLOW
Cash From Operating Activities -$18.36M -$14.37M
Capital Expenditures $30.00K $0.00
Free Cash Flow -$18.39M -$14.37M
YoY Change 11.56% -19.62%

Facts In Submission

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OperatingLeaseWeightedAverageDiscountRatePercent
0.053
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2141000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4359000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4477000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4599000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4724000 usd
CY2023Q2 bdtx Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
12250000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
32550000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5793000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
26757000 usd
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2023Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
167000 usd
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
543000 usd
CY2022Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
199000 usd
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
757000 usd

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