2015 Q4 Form 10-Q Financial Statement

#000111748015000024 Filed on November 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $3.110M $2.271M $1.185M
YoY Change 169.03% 91.65% 29.93%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $9.760M $8.613M $4.717M
YoY Change 70.63% 82.59% 132.36%
% of Gross Profit
Research & Development $31.58M $26.50M $13.33M
YoY Change 101.53% 98.79% 150.53%
% of Gross Profit
Depreciation & Amortization $220.0K $180.0K $80.00K
YoY Change 120.0% 125.0% 33.33%
% of Gross Profit
Operating Expenses $41.33M $35.02M $18.05M
YoY Change 93.31% 94.06% 145.51%
Operating Profit -$38.22M -$32.75M -$16.86M
YoY Change 88.98% 94.23% 161.96%
Interest Expense $380.0K $300.0K -$90.00K
YoY Change -2000.0% -433.33% -66.67%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income -$37.84M -$32.45M -$16.95M
YoY Change 86.86% 91.45% 152.61%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$37.84M -$32.45M -$16.95M
YoY Change 86.9% 91.43% 152.77%
Net Earnings / Revenue -1216.78% -1428.84% -1430.46%
Basic Earnings Per Share
Diluted Earnings Per Share -$819.4K -$704.5K -$472.8K
COMMON SHARES
Basic Shares Outstanding 46.15M shares 46.07M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $220.3M $220.8M $188.4M
YoY Change -6.1% 17.2% 61.16%
Cash & Equivalents $20.61M $44.72M $74.35M
Short-Term Investments $199.7M $176.1M $114.1M
Other Short-Term Assets $851.0K $8.200M $3.500M
YoY Change 336.41% 134.29% 29.63%
Inventory
Prepaid Expenses
Receivables $2.432M $525.0K $900.0K
Other Receivables $700.0K $0.00 $0.00
Total Short-Term Assets $228.8M $229.5M $192.9M
YoY Change -3.63% 18.98% 61.02%
LONG-TERM ASSETS
Property, Plant & Equipment $3.045M $2.439M $1.100M
YoY Change 132.44% 121.73% 266.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $124.0M $159.5M
YoY Change 133.96%
Other Assets $70.00K $75.00K $0.00
YoY Change -49.28%
Total Long-Term Assets $127.2M $162.0M $1.100M
YoY Change 133.65% 14627.27% 175.0%
TOTAL ASSETS
Total Short-Term Assets $228.8M $229.5M $192.9M
Total Long-Term Assets $127.2M $162.0M $1.100M
Total Assets $356.0M $391.5M $194.0M
YoY Change 21.97% 101.81% 61.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.46M $12.92M $5.800M
YoY Change 76.12% 122.74% 222.22%
Accrued Expenses $9.721M $7.782M $5.300M
YoY Change 42.27% 46.83% 231.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $400.0K $5.300M
YoY Change -100.0% -92.45% -5.36%
Total Short-Term Liabilities $20.18M $21.08M $16.50M
YoY Change 18.23% 27.73% 83.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $400.0K
YoY Change -100.0% -92.98%
Other Long-Term Liabilities $354.0K $221.0K $500.0K
YoY Change 102.29% -55.8% 66.67%
Total Long-Term Liabilities $354.0K $221.0K $900.0K
YoY Change 102.29% -75.44% -85.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.18M $21.08M $16.50M
Total Long-Term Liabilities $354.0K $221.0K $900.0K
Total Liabilities $20.53M $21.30M $17.40M
YoY Change 19.09% 22.4% 16.0%
SHAREHOLDERS EQUITY
Retained Earnings -$339.4M -$301.6M
YoY Change 52.86%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $335.5M $370.2M $176.6M
YoY Change
Total Liabilities & Shareholders Equity $356.0M $391.5M $194.0M
YoY Change 21.97% 101.81% 61.4%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income -$37.84M -$32.45M -$16.95M
YoY Change 86.9% 91.43% 152.77%
Depreciation, Depletion And Amortization $220.0K $180.0K $80.00K
YoY Change 120.0% 125.0% 33.33%
Cash From Operating Activities -$32.92M -$24.93M -$11.45M
YoY Change 95.02% 117.73% 122.76%
INVESTING ACTIVITIES
Capital Expenditures -$820.0K -$620.0K -$470.0K
YoY Change 156.25% 31.91% 683.33%
Acquisitions
YoY Change
Other Investing Activities $10.14M -$57.49M -$33.47M
YoY Change -123.15% 71.77% -610.99%
Cash From Investing Activities $9.310M -$58.11M -$33.94M
YoY Change -121.1% 71.21% -622.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -510.0K -10.00K 140.0K
YoY Change -100.44% -107.14% -115.56%
NET CHANGE
Cash From Operating Activities -32.92M -24.93M -11.45M
Cash From Investing Activities 9.310M -58.11M -33.94M
Cash From Financing Activities -510.0K -10.00K 140.0K
Net Change In Cash -24.12M -83.05M -45.25M
YoY Change -144.58% 83.54% -10155.56%
FREE CASH FLOW
Cash From Operating Activities -$32.92M -$24.93M -$11.45M
Capital Expenditures -$820.0K -$620.0K -$470.0K
Free Cash Flow -$32.10M -$24.31M -$10.98M
YoY Change 93.84% 121.4% 116.14%

Facts In Submission

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CY2014Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2015Q3 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2775000 USD
CY2015Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8183000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
111845000 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
426000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
1054000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
20690000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
90822000 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
2499000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1003000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2148000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1967000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
6000 USD
CY2015Q3 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
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2439000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
4275000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
3975000 USD
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13328000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
29712000 USD
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
26406000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
65611000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-301571000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11812000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8613000 USD
CY2014Q3 us-gaap Revenues
Revenues
1185000 USD
us-gaap Revenues
Revenues
2884000 USD
CY2015Q3 us-gaap Revenues
Revenues
2271000 USD
us-gaap Revenues
Revenues
7652000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4717000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
22068000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2777000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8882000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
274636000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
370211000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
35845792 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
30939752 shares
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
46059112 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
43112314 shares

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