2023 Q3 Form 10-Q Financial Statement

#000178175523000042 Filed on November 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2022 Q3
Revenue $306.3M $259.4M
YoY Change 18.09% 91.34%
Cost Of Revenue $220.5M $195.9M
YoY Change 12.55% 95.76%
Gross Profit $85.80M $63.45M
YoY Change 35.23% 78.85%
Gross Profit Margin 28.01% 24.46%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.453M $1.216M
YoY Change 19.49% 61.49%
% of Gross Profit 1.69% 1.92%
Operating Expenses $85.70M $93.30M
YoY Change -8.15% 78.47%
Operating Profit $86.00K -$29.86M
YoY Change -100.29% 73.75%
Interest Expense -$30.60M -$20.77M
YoY Change 47.36% 199.22%
% of Operating Profit -35581.4%
Other Income/Expense, Net -$31.93M -$16.85M
YoY Change 89.48% 127.18%
Pretax Income -$31.85M -$46.71M
YoY Change -31.82% 89.86%
Income Tax $161.0K $0.00
% Of Pretax Income
Net Earnings -$17.63M -$24.79M
YoY Change -28.9% 87.66%
Net Earnings / Revenue -5.76% -9.56%
Basic Earnings Per Share -$0.29 -$0.43
Diluted Earnings Per Share -$0.29 -$0.43
COMMON SHARES
Basic Shares Outstanding 60.55M shares 57.28M shares
Diluted Shares Outstanding 60.55M shares 57.28M shares

Balance Sheet

Concept 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.00M $158.6M
YoY Change -50.19% -57.64%
Cash & Equivalents $78.97M $158.6M
Short-Term Investments
Other Short-Term Assets $127.8M $104.3M
YoY Change 22.49% 97.49%
Inventory
Prepaid Expenses
Receivables $595.4M $446.1M
Other Receivables $0.00 $1.844M
Total Short-Term Assets $802.1M $710.9M
YoY Change 12.83% 7.64%
LONG-TERM ASSETS
Property, Plant & Equipment $24.38M $24.50M
YoY Change -0.5% 77.85%
Goodwill $1.422B $1.421B
YoY Change 0.06% 60.5%
Intangibles $1.045B $1.118B
YoY Change -6.56% 71.3%
Long-Term Investments
YoY Change
Other Assets $41.74M $39.89M
YoY Change 4.63% 91.35%
Total Long-Term Assets $2.621B $2.701B
YoY Change -2.97% 71.78%
TOTAL ASSETS
Total Short-Term Assets $802.1M $710.9M
Total Long-Term Assets $2.621B $2.701B
Total Assets $3.423B $3.412B
YoY Change 0.33% 52.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $567.9M $417.5M
YoY Change 36.04% 97.84%
Accrued Expenses $13.07M $11.86M
YoY Change 10.18% -76.14%
Deferred Revenue $27.09M $25.06M
YoY Change 8.12% 99.55%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.24M $8.509M
YoY Change 20.38% 70.18%
Total Short-Term Liabilities $798.5M $573.3M
YoY Change 39.28% 49.39%
LONG-TERM LIABILITIES
Long-Term Debt $1.294B $1.338B
YoY Change -3.31% 123.99%
Other Long-Term Liabilities $241.0K $330.0K
YoY Change -26.97% -90.06%
Total Long-Term Liabilities $241.0K $330.0K
YoY Change -26.97% -90.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $798.5M $573.3M
Total Long-Term Liabilities $241.0K $330.0K
Total Liabilities $2.350B $2.188B
YoY Change 7.37% 95.14%
SHAREHOLDERS EQUITY
Retained Earnings -$152.4M -$48.27M
YoY Change 215.74% 49.35%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $590.8M $651.7M
YoY Change
Total Liabilities & Shareholders Equity $3.423B $3.412B
YoY Change 0.33% 52.81%

Cashflow Statement

Concept 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$17.63M -$24.79M
YoY Change -28.9% 87.66%
Depreciation, Depletion And Amortization $1.453M $1.216M
YoY Change 19.49% 61.49%
Cash From Operating Activities -$12.63M -$12.01M
YoY Change 5.14% -46.32%
INVESTING ACTIVITIES
Capital Expenditures $6.040M -$6.835M
YoY Change -188.37% 377.3%
Acquisitions
YoY Change
Other Investing Activities -$310.0K -$10.74M
YoY Change -97.11% -94.48%
Cash From Investing Activities -$6.360M -$17.57M
YoY Change -63.8% -91.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 480.0K -3.731M
YoY Change -112.87% -101.03%
NET CHANGE
Cash From Operating Activities -12.63M -12.01M
Cash From Investing Activities -6.360M -17.57M
Cash From Financing Activities 480.0K -3.731M
Net Change In Cash -18.51M -33.31M
YoY Change -44.44% -122.9%
FREE CASH FLOW
Cash From Operating Activities -$12.63M -$12.01M
Capital Expenditures $6.040M -$6.835M
Free Cash Flow -$18.67M -$5.177M
YoY Change 260.63% -75.28%

Facts In Submission

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CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2023Q3 brp Business Combination And Assets Acquisitions Contingent Consideration Arrangements Liabilities Rangeof Outcomes Value High
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brp Payment For Contingent Consideration Liability
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us-gaap Number Of Operating Segments
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CY2023Q3 us-gaap Assets
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Files In Submission

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