2019 Q1 Form 10-Q Financial Statement

#000156459019016479 Filed on May 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $50.61M $35.97M
YoY Change 40.68% 20.37%
Cost Of Revenue $9.963M $6.560M
YoY Change 51.88% -27.75%
Gross Profit $40.64M $29.41M
YoY Change 38.18% 41.41%
Gross Profit Margin 80.31% 81.76%
Selling, General & Admin $4.320M $3.460M
YoY Change 24.86% 0.58%
% of Gross Profit 10.63% 11.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.50M $14.60M
YoY Change 54.11% 13.18%
% of Gross Profit 55.36% 49.64%
Operating Expenses $26.77M $18.10M
YoY Change 47.9% 10.91%
Operating Profit $13.87M $11.31M
YoY Change 22.63% 185.85%
Interest Expense -$8.132M -$5.582M
YoY Change 45.68% 130.95%
% of Operating Profit -58.61% -49.34%
Other Income/Expense, Net
YoY Change
Pretax Income -$480.0K $1.820M
YoY Change -126.37% 18.18%
Income Tax
% Of Pretax Income
Net Earnings -$416.0K $1.519M
YoY Change -127.39% 22.8%
Net Earnings / Revenue -0.82% 4.22%
Basic Earnings Per Share -$0.01 $0.03
Diluted Earnings Per Share -$0.01 $0.03
COMMON SHARES
Basic Shares Outstanding 61.23M 45.01M
Diluted Shares Outstanding 61.23M 46.02M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.700M $9.600M
YoY Change -9.38% 84.62%
Cash & Equivalents $13.33M $13.98M
Short-Term Investments
Other Short-Term Assets $15.60M $10.70M
YoY Change 45.79% 224.24%
Inventory
Prepaid Expenses
Receivables $13.70M $9.900M
Other Receivables $23.50M $13.60M
Total Short-Term Assets $61.50M $43.80M
YoY Change 40.41% 97.3%
LONG-TERM ASSETS
Property, Plant & Equipment $1.772B $1.232B
YoY Change 43.79% 32.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.900M $5.100M
YoY Change 35.29% 37.84%
Total Long-Term Assets $1.955B $1.381B
YoY Change 41.59% 30.72%
TOTAL ASSETS
Total Short-Term Assets $61.50M $43.80M
Total Long-Term Assets $1.955B $1.381B
Total Assets $2.017B $1.425B
YoY Change 41.55% 32.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.20M $19.70M
YoY Change 93.91% 56.35%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $38.20M $19.70M
YoY Change 93.91% 56.35%
LONG-TERM LIABILITIES
Long-Term Debt $815.4M $574.2M
YoY Change 42.01% 70.23%
Other Long-Term Liabilities $33.30M $36.10M
YoY Change -7.76% -11.08%
Total Long-Term Liabilities $848.7M $610.3M
YoY Change 39.06% 61.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.20M $19.70M
Total Long-Term Liabilities $848.7M $610.3M
Total Liabilities $887.0M $765.1M
YoY Change 15.93% 95.89%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $985.8M $659.6M
YoY Change
Total Liabilities & Shareholders Equity $2.017B $1.425B
YoY Change 41.55% 32.09%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$416.0K $1.519M
YoY Change -127.39% 22.8%
Depreciation, Depletion And Amortization $22.50M $14.60M
YoY Change 54.11% 13.18%
Cash From Operating Activities $13.98M $12.11M
YoY Change 15.38% 13.21%
INVESTING ACTIVITIES
Capital Expenditures -$19.70M -$11.30M
YoY Change 74.34% 5550.0%
Acquisitions
YoY Change
Other Investing Activities -$148.3M -$300.0K
YoY Change 49333.33% -99.32%
Cash From Investing Activities -$168.0M -$11.63M
YoY Change 1344.64% -73.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $131.2M $13.67M
YoY Change 859.62%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 156.2M -2.708M
YoY Change -5868.02% -107.92%
NET CHANGE
Cash From Operating Activities 13.98M 12.11M
Cash From Investing Activities -168.0M -11.63M
Cash From Financing Activities 156.2M -2.708M
Net Change In Cash 2.220M -2.221M
YoY Change -199.95% -394.17%
FREE CASH FLOW
Cash From Operating Activities $13.98M $12.11M
Capital Expenditures -$19.70M -$11.30M
Free Cash Flow $33.68M $23.41M
YoY Change 43.83% 114.8%

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