2019 Q4 Form 10-Q Financial Statement

#000178175519000007 Filed on December 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $36.60M $38.40M $18.50M
YoY Change 75.12% 107.57%
Cost Of Revenue $29.90M $26.80M $12.40M
YoY Change 116.67% 116.13%
Gross Profit $6.700M $11.60M $6.100M
YoY Change -5.63% 90.16%
Gross Profit Margin 18.31% 30.21% 32.97%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.300M $184.0K $126.5K
YoY Change 262.64% 45.42%
% of Gross Profit 49.25% 1.59% 2.07%
Operating Expenses $25.20M $10.10M $4.800M
YoY Change 300.0% 110.42%
Operating Profit -$18.54M $1.474M $1.343M
YoY Change -2555.36% 9.75%
Interest Expense -$1.600M -$3.800M -$1.300M
YoY Change 0.0% 192.31%
% of Operating Profit -257.8% -96.8%
Other Income/Expense, Net -$8.376M -$3.780M -$1.290M
YoY Change 417.68% 193.02%
Pretax Income -$26.91M -$2.306M $100.0K
YoY Change 2890.44% -2406.0%
Income Tax $17.00K $0.00
% Of Pretax Income
Net Earnings -$8.650M $0.00 -$810.0K
YoY Change 490.04% -100.0%
Net Earnings / Revenue -23.63% 0.0% -4.38%
Basic Earnings Per Share
Diluted Earnings Per Share -$148.6K -$62.08K -$13.42K
COMMON SHARES
Basic Shares Outstanding 18.86M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.70M $11.10M
YoY Change
Cash & Equivalents $67.69M $11.11M $7.608M
Short-Term Investments
Other Short-Term Assets $6.400M $12.10M
YoY Change
Inventory
Prepaid Expenses
Receivables $58.80M $45.20M
Other Receivables $0.00 $100.0K
Total Short-Term Assets $132.9M $68.45M
YoY Change 244.42%
LONG-TERM ASSETS
Property, Plant & Equipment $3.322M $2.794M
YoY Change 54.66%
Goodwill $164.5M $170.8M
YoY Change 150.09%
Intangibles $92.45M $92.39M
YoY Change 210.82%
Long-Term Investments
YoY Change
Other Assets $5.600M $11.70M
YoY Change 56.64%
Total Long-Term Assets $265.8M $277.7M
YoY Change 162.61%
TOTAL ASSETS
Total Short-Term Assets $132.9M $68.45M
Total Long-Term Assets $265.8M $277.7M
Total Assets $398.8M $346.2M
YoY Change 185.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.500M $7.100M
YoY Change
Accrued Expenses $2.532M $8.662M
YoY Change 340.35%
Deferred Revenue $5.349M $4.349M
YoY Change 268.9%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $72.83M $65.88M
YoY Change 119.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $2.017M $361.5K
YoY Change -22.72%
Total Long-Term Liabilities $2.017M $361.5K
YoY Change -50.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $72.83M $65.88M
Total Long-Term Liabilities $2.017M $361.5K
Total Liabilities $161.5M $295.2M
YoY Change 38.0%
SHAREHOLDERS EQUITY
Retained Earnings -$8.650M -$206.0M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $73.29M -$34.00M
YoY Change
Total Liabilities & Shareholders Equity $398.8M $346.2M
YoY Change 185.19%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$8.650M $0.00 -$810.0K
YoY Change 490.04% -100.0%
Depreciation, Depletion And Amortization $3.300M $184.0K $126.5K
YoY Change 262.64% 45.42%
Cash From Operating Activities -$2.480M $5.630M $2.120M
YoY Change -237.02% 165.57%
INVESTING ACTIVITIES
Capital Expenditures -$260.0K -$980.0K -$6.360M
YoY Change -72.04% -84.59%
Acquisitions
YoY Change
Other Investing Activities $1.070M -$23.30M -$4.570M
YoY Change 409.85%
Cash From Investing Activities $800.0K -$24.28M -$10.93M
YoY Change -185.11% 122.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 55.24M 20.33M 6.950M
YoY Change -11148.0% 192.52%
NET CHANGE
Cash From Operating Activities -2.480M 5.630M 2.120M
Cash From Investing Activities 800.0K -24.28M -10.93M
Cash From Financing Activities 55.24M 20.33M 6.950M
Net Change In Cash 53.56M 1.680M -1.860M
YoY Change 14375.68% -190.32%
FREE CASH FLOW
Cash From Operating Activities -$2.480M $5.630M $2.120M
Capital Expenditures -$260.0K -$980.0K -$6.360M
Free Cash Flow -$2.220M $6.610M $8.480M
YoY Change -181.02% -22.05%

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