2022 Q1 Form 10-Q Financial Statement

#000162828022012662 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $93.69M $98.82M $79.44M
YoY Change 17.94% 15.26% -14.81%
Cost Of Revenue $1.250M $1.354M $1.268M
YoY Change -1.42% 8.32% -32.48%
Gross Profit $92.44M $97.47M $78.17M
YoY Change 18.25% 15.37% -14.45%
Gross Profit Margin 98.67% 98.63% 98.4%
Selling, General & Admin $37.55M $32.28M $29.51M
YoY Change 27.25% 25.62% 7.17%
% of Gross Profit 40.62% 33.12% 37.75%
Research & Development $28.12M $28.52M $29.02M
YoY Change -3.11% 0.85% 11.1%
% of Gross Profit 30.42% 29.26% 37.13%
Depreciation & Amortization $288.0K $289.0K $254.0K
YoY Change 13.39% 189.0% 6.72%
% of Gross Profit 0.31% 0.3% 0.32%
Operating Expenses $65.67M $60.80M $58.53M
YoY Change 12.2% 12.64% 9.08%
Operating Profit $26.77M $36.66M $19.64M
YoY Change 36.31% 20.21% -47.93%
Interest Expense $80.00K $72.00K $280.0K
YoY Change -71.43% -76.0% -80.95%
% of Operating Profit 0.3% 0.2% 1.43%
Other Income/Expense, Net $80.00K $275.0K
YoY Change -70.91% -81.31%
Pretax Income $26.85M $36.74M $19.91M
YoY Change 34.83% 19.23% -49.18%
Income Tax $4.100M $4.683M -$3.600M
% Of Pretax Income 15.27% 12.75% -18.08%
Net Earnings $22.80M $32.05M $23.47M
YoY Change -2.85% 23.31% -21.95%
Net Earnings / Revenue 24.33% 32.44% 29.54%
Basic Earnings Per Share $0.22 $0.20
Diluted Earnings Per Share $0.20 $262.0K $0.18
COMMON SHARES
Basic Shares Outstanding 106.0M shares 115.5M shares 116.8M shares
Diluted Shares Outstanding 115.0M shares 129.7M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $345.5M $223.5M $373.0M
YoY Change -7.37% -49.28% 21.38%
Cash & Equivalents $61.86M $77.62M $52.38M
Short-Term Investments $283.7M $145.9M $320.6M
Other Short-Term Assets $10.44M $10.32M $9.500M
YoY Change 9.85% 53.96% 66.67%
Inventory $5.079M $4.988M $4.948M
Prepaid Expenses
Receivables $27.18M $27.63M $22.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $388.2M $266.5M $409.6M
YoY Change -5.23% -44.31% 18.81%
LONG-TERM ASSETS
Property, Plant & Equipment $726.0K $1.002M $1.481M
YoY Change -50.98% -40.18% 68.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $22.57M $112.3M $81.80M
YoY Change -72.41% 210.16% 96.16%
Other Assets $2.984M $3.083M $5.030M
YoY Change -40.68% -38.34% 46.18%
Total Long-Term Assets $79.90M $157.3M $142.8M
YoY Change -44.04% 68.72% 41.76%
TOTAL ASSETS
Total Short-Term Assets $388.2M $266.5M $409.6M
Total Long-Term Assets $79.90M $157.3M $142.8M
Total Assets $468.1M $423.8M $552.4M
YoY Change -15.26% -25.88% 24.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.269M $6.908M $6.969M
YoY Change 33.0% -34.55% 40.05%
Accrued Expenses $32.66M $27.67M $18.00M
YoY Change 81.45% 30.58% -8.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $57.24M $47.54M $40.60M
YoY Change 40.99% 0.1% 19.15%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.068M $409.0K $1.000M
YoY Change 206.8% -54.56% -47.37%
Total Long-Term Liabilities $3.068M $409.0K $1.000M
YoY Change 206.8% -54.56% -47.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $57.24M $47.54M $40.60M
Total Long-Term Liabilities $3.068M $409.0K $1.000M
Total Liabilities $60.31M $47.95M $41.60M
YoY Change 44.99% -0.92% 15.53%
SHAREHOLDERS EQUITY
Retained Earnings $217.8M $195.0M $105.9M
YoY Change 105.59% 136.45% 1527.05%
Common Stock $608.8M $591.5M $536.5M
YoY Change 13.49% 14.57% 15.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $407.8M $375.8M $510.8M
YoY Change
Total Liabilities & Shareholders Equity $468.1M $423.8M $552.4M
YoY Change -15.26% -25.88% 24.0%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $22.80M $32.05M $23.47M
YoY Change -2.85% 23.31% -21.95%
Depreciation, Depletion And Amortization $288.0K $289.0K $254.0K
YoY Change 13.39% 189.0% 6.72%
Cash From Operating Activities $35.25M $49.43M $25.42M
YoY Change 38.65% 40.82% -23.59%
INVESTING ACTIVITIES
Capital Expenditures $12.00K -$65.00K $126.0K
YoY Change -90.48% -83.75% 200.0%
Acquisitions
YoY Change
Other Investing Activities -$50.48M $140.5M -$3.200M
YoY Change 1477.63% 1101.16% -116.16%
Cash From Investing Activities -$50.50M $140.5M -$3.284M
YoY Change 1437.64% 1154.21% -116.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $33.54M
YoY Change -100.0% 12096.73%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$506.0K -207.0M -$45.95M
YoY Change -98.9% 29467.0% -22513.17%
NET CHANGE
Cash From Operating Activities $35.25M 49.43M $25.42M
Cash From Investing Activities -$50.50M 140.5M -$3.284M
Cash From Financing Activities -$506.0K -207.0M -$45.95M
Net Change In Cash -$15.76M -17.07M -$23.81M
YoY Change -33.83% -137.44% -144.75%
FREE CASH FLOW
Cash From Operating Activities $35.25M $49.43M $25.42M
Capital Expenditures $12.00K -$65.00K $126.0K
Free Cash Flow $35.24M $49.49M $25.30M
YoY Change 39.29% 39.41% -23.87%

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