2015 Q3 Form 10-Q Financial Statement

#000111748015000018 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $2.271M $4.143M $919.0K
YoY Change 91.65% 350.82% 13.74%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.613M $7.332M $4.423M
YoY Change 82.59% 65.77% 101.96%
% of Gross Profit
Research & Development $26.50M $21.86M $8.092M
YoY Change 98.79% 170.14% 28.85%
% of Gross Profit
Depreciation & Amortization $180.0K $150.0K $50.00K
YoY Change 125.0% 200.0% -28.57%
% of Gross Profit
Operating Expenses $35.02M $29.09M $12.52M
YoY Change 94.06% 132.47% 47.93%
Operating Profit -$32.75M -$24.95M -$11.60M
YoY Change 94.23% 115.17% 51.46%
Interest Expense $300.0K $140.0K -$140.0K
YoY Change -433.33% -200.0% -66.67%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income -$32.45M -$24.82M -$11.73M
YoY Change 91.45% 111.59% -5.86%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$32.45M -$24.82M -$11.73M
YoY Change 91.43% 111.48% -5.82%
Net Earnings / Revenue -1428.84% -598.96% -1276.82%
Basic Earnings Per Share
Diluted Earnings Per Share -$704.5K -$589.8K -$389.6K
COMMON SHARES
Basic Shares Outstanding 46.07M shares 41.32M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $220.8M $258.3M $200.6M
YoY Change 17.2% 28.76% 63.09%
Cash & Equivalents $44.72M $127.8M $119.6M
Short-Term Investments $176.1M $130.6M $81.00M
Other Short-Term Assets $8.200M $8.700M $3.200M
YoY Change 134.29% 171.88% 6.67%
Inventory
Prepaid Expenses
Receivables $525.0K $2.311M $300.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $229.5M $269.3M $204.2M
YoY Change 18.98% 31.88% 61.81%
LONG-TERM ASSETS
Property, Plant & Equipment $2.439M $1.996M $500.0K
YoY Change 121.73% 299.2% 66.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $159.5M $150.1M
YoY Change
Other Assets $75.00K $80.00K $0.00
YoY Change
Total Long-Term Assets $162.0M $152.2M $500.0K
YoY Change 14627.27% 30343.0% 25.0%
TOTAL ASSETS
Total Short-Term Assets $229.5M $269.3M $204.2M
Total Long-Term Assets $162.0M $152.2M $500.0K
Total Assets $391.5M $421.5M $204.7M
YoY Change 101.81% 105.91% 61.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.92M $9.819M $3.100M
YoY Change 122.74% 216.74% 210.0%
Accrued Expenses $7.782M $10.76M $3.600M
YoY Change 46.83% 198.83% 140.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $1.500M $5.600M
YoY Change -92.45% -73.21% 0.0%
Total Short-Term Liabilities $21.08M $22.06M $12.20M
YoY Change 27.73% 80.83% 50.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $100.0K $1.500M
YoY Change -100.0% -93.33% -78.87%
Other Long-Term Liabilities $221.0K $134.0K $300.0K
YoY Change -55.8% -55.33% 0.0%
Total Long-Term Liabilities $221.0K $134.0K $1.800M
YoY Change -75.44% -92.56% -75.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.08M $22.06M $12.20M
Total Long-Term Liabilities $221.0K $134.0K $1.800M
Total Liabilities $21.30M $22.20M $14.00M
YoY Change 22.4% 58.54% -9.68%
SHAREHOLDERS EQUITY
Retained Earnings -$301.6M -$269.1M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $370.2M $399.3M $190.7M
YoY Change
Total Liabilities & Shareholders Equity $391.5M $421.5M $204.7M
YoY Change 101.81% 105.91% 61.69%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$32.45M -$24.82M -$11.73M
YoY Change 91.43% 111.48% -5.82%
Depreciation, Depletion And Amortization $180.0K $150.0K $50.00K
YoY Change 125.0% 200.0% -28.57%
Cash From Operating Activities -$24.93M -$23.02M -$9.630M
YoY Change 117.73% 139.04% 27.04%
INVESTING ACTIVITIES
Capital Expenditures -$620.0K -$820.0K -$130.0K
YoY Change 31.91% 530.77% 550.0%
Acquisitions
YoY Change
Other Investing Activities -$57.49M -$65.16M -$18.76M
YoY Change 71.77% 247.33% -684.42%
Cash From Investing Activities -$58.11M -$65.98M -$18.89M
YoY Change 71.21% 249.29% -690.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.00K 161.2M 110.7M
YoY Change -107.14% 45.58% 2.7%
NET CHANGE
Cash From Operating Activities -24.93M -23.02M -9.630M
Cash From Investing Activities -58.11M -65.98M -18.89M
Cash From Financing Activities -10.00K 161.2M 110.7M
Net Change In Cash -83.05M 72.17M 82.19M
YoY Change 83.54% -12.19% -20.53%
FREE CASH FLOW
Cash From Operating Activities -$24.93M -$23.02M -$9.630M
Capital Expenditures -$620.0K -$820.0K -$130.0K
Free Cash Flow -$24.31M -$22.20M -$9.500M
YoY Change 121.4% 133.68% 25.66%

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0 USD
CY2015Q2 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2775000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
161880000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
229000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
461000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
7240000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
60005000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-68000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1003000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
781000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1445000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1310000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1996000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
2850000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
2850000 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8092000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16384000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21762000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
39205000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-222042000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-269122000 USD
CY2014Q2 us-gaap Revenues
Revenues
919000 USD
us-gaap Revenues
Revenues
1699000 USD
CY2015Q2 us-gaap Revenues
Revenues
4143000 USD
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
42079716 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
41614494 shares

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