2015 Q2 Form 10-Q Financial Statement
#000111748015000012 Filed on May 11, 2015
Income Statement
Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
---|---|---|---|
Revenue | $4.143M | $1.238M | $780.0K |
YoY Change | 350.82% | 58.72% | -55.96% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $7.332M | $6.123M | $2.672M |
YoY Change | 65.77% | 129.15% | 73.51% |
% of Gross Profit | |||
Research & Development | $21.86M | $17.44M | $8.292M |
YoY Change | 170.14% | 110.37% | 22.3% |
% of Gross Profit | |||
Depreciation & Amortization | $150.0K | $114.0K | $50.00K |
YoY Change | 200.0% | 128.0% | -28.57% |
% of Gross Profit | |||
Operating Expenses | $29.09M | $23.57M | $10.96M |
YoY Change | 132.47% | 114.95% | 31.78% |
Operating Profit | -$24.95M | -$22.33M | -$10.18M |
YoY Change | 115.17% | 119.26% | 55.53% |
Interest Expense | $140.0K | $60.00K | -$200.0K |
YoY Change | -200.0% | -130.0% | -44.44% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$24.82M | -$22.27M | -$10.38M |
YoY Change | 111.59% | 114.55% | 13.94% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$24.82M | -$22.27M | -$10.38M |
YoY Change | 111.48% | 114.51% | 13.98% |
Net Earnings / Revenue | -598.96% | -1798.55% | -1330.77% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$589.8K | -$532.1K | -$387.9K |
COMMON SHARES | |||
Basic Shares Outstanding | 41.32M shares | 41.09M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $258.3M | $174.5M | $99.90M |
YoY Change | 28.76% | 74.67% | 336.24% |
Cash & Equivalents | $127.8M | $55.61M | $37.42M |
Short-Term Investments | $130.6M | $118.9M | $62.50M |
Other Short-Term Assets | $8.700M | $1.800M | $1.400M |
YoY Change | 171.88% | 28.57% | -17.65% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $2.311M | $977.0K | $100.0K |
Other Receivables | $0.00 | $0.00 | $300.0K |
Total Short-Term Assets | $269.3M | $177.3M | $101.7M |
YoY Change | 31.88% | 74.3% | 292.66% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.996M | $1.329M | $400.0K |
YoY Change | 299.2% | 232.25% | 0.0% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $150.1M | $95.20M | |
YoY Change | |||
Other Assets | $80.00K | $297.0K | $0.00 |
YoY Change | -100.0% | ||
Total Long-Term Assets | $152.2M | $96.87M | $500.0K |
YoY Change | 30343.0% | 19273.0% | 25.0% |
TOTAL ASSETS | |||
Total Short-Term Assets | $269.3M | $177.3M | $101.7M |
Total Long-Term Assets | $152.2M | $96.87M | $500.0K |
Total Assets | $421.5M | $274.1M | $102.2M |
YoY Change | 105.91% | 168.22% | 288.59% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $9.819M | $6.920M | $1.800M |
YoY Change | 216.74% | 284.44% | -33.33% |
Accrued Expenses | $10.76M | $6.630M | $1.900M |
YoY Change | 198.83% | 248.95% | 11.76% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $1.500M | $2.900M | $5.600M |
YoY Change | -73.21% | -48.21% | 1.82% |
Total Short-Term Liabilities | $22.06M | $16.44M | $9.300M |
YoY Change | 80.83% | 76.8% | -6.06% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $100.0K | $200.0K | $2.900M |
YoY Change | -93.33% | -93.1% | -65.88% |
Other Long-Term Liabilities | $134.0K | $161.0K | $400.0K |
YoY Change | -55.33% | -59.75% | -96.04% |
Total Long-Term Liabilities | $134.0K | $161.0K | $3.300M |
YoY Change | -92.56% | -95.12% | -82.26% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $22.06M | $16.44M | $9.300M |
Total Long-Term Liabilities | $134.0K | $161.0K | $3.300M |
Total Liabilities | $22.20M | $16.60M | $12.50M |
YoY Change | 58.54% | 32.82% | -56.14% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$269.1M | -$244.3M | |
YoY Change | |||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $399.3M | $257.5M | $89.60M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $421.5M | $274.1M | $102.2M |
YoY Change | 105.91% | 168.22% | 288.59% |
Cashflow Statement
Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$24.82M | -$22.27M | -$10.38M |
YoY Change | 111.48% | 114.51% | 13.98% |
Depreciation, Depletion And Amortization | $150.0K | $114.0K | $50.00K |
YoY Change | 200.0% | 128.0% | -28.57% |
Cash From Operating Activities | -$23.02M | -$18.84M | -$9.116M |
YoY Change | 139.04% | 106.66% | 50.68% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$820.0K | $133.0K | $99.00K |
YoY Change | 530.77% | 34.34% | -298.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$65.16M | -$54.59M | -$62.64M |
YoY Change | 247.33% | -12.85% | 5594.55% |
Cash From Investing Activities | -$65.98M | -$54.72M | -$62.74M |
YoY Change | 249.29% | -12.78% | 5308.53% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 161.2M | $701.0K | -$700.0K |
YoY Change | 45.58% | -200.14% | 4.48% |
NET CHANGE | |||
Cash From Operating Activities | -23.02M | -$18.84M | -$9.116M |
Cash From Investing Activities | -65.98M | -$54.72M | -$62.74M |
Cash From Financing Activities | 161.2M | $701.0K | -$700.0K |
Net Change In Cash | 72.17M | -$72.86M | -$72.56M |
YoY Change | -12.19% | 0.42% | 820.75% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$23.02M | -$18.84M | -$9.116M |
Capital Expenditures | -$820.0K | $133.0K | $99.00K |
Free Cash Flow | -$22.20M | -$18.97M | -$9.215M |
YoY Change | 133.68% | 105.88% | 53.58% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Availablefor Sale Securities Debt Maturities Year Onethrough Two Fair Value
AvailableforSaleSecuritiesDebtMaturitiesYearOnethroughTwoFairValue
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95239000 | USD |
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Amendment Flag
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false | |
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Current Fiscal Year End Date
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|
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|
Q1 | |
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Document Fiscal Year Focus
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|
2015 | |
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Document Period End Date
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|
2015-03-31 | |
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Document Type
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|
10-Q | |
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Entity Central Index Key
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Entity Registrant Name
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Payments To Acquire Longterm Investments
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Payments To Acquire Property Plant And Equipment
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Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
133000 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
62640000 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
26709000 | USD |
CY2014Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
0 | USD |
CY2015Q1 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
0 | USD |
CY2014Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2775000 | USD |
CY2015Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1780000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
229000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
461000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
0 | USD |
CY2015Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
36352000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
0 | USD |
CY2015Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
1003000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
496000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
665000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
0 | USD |
CY2015Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1000000 | USD |
CY2014Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-10380000 | USD |
CY2015Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-22266000 | USD |
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1310000 | USD |
CY2015Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1329000 | USD |
CY2014Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
1425000 | USD |
CY2015Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
1425000 | USD |
CY2014Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
8292000 | USD |
CY2015Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
17444000 | USD |
CY2014Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-222042000 | USD |
CY2015Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-244308000 | USD |
CY2014Q1 | us-gaap |
Revenues
Revenues
|
780000 | USD |
CY2015Q1 | us-gaap |
Revenues
Revenues
|
1238000 | USD |
CY2014Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2672000 | USD |
CY2015Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
6123000 | USD |
CY2014Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
772000 | USD |
CY2015Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2402000 | USD |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
274636000 | USD |
CY2015Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
257522000 | USD |
CY2014Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
26762264 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
41220989 | shares |